20 October, 2015 by The TZ Newswire Staff Comments Off on U.S. oil output slide looms as shale firms hit productivity wall
U.S. oil output slide looms as shale firms hit productivity wall
Stagnating rig productivity shows U.S. shale oil producers are running out of tricks to pump more with less in the face of crashing prices and points to a slide in output that should help rebalance global markets. Over the 16 months of the crude price rout, production from new wells drilled by each rig has risen about 30 percent as companies refined their techniques, idled slower rigs and shifted crews and high-speed rigs to “sweet spots” with the most oil. Such “high-grading” helped shale oil firms push U.S.
20 October, 2015 by The TZ Newswire Staff Comments Off on Honda Motor says plans to market partial self-driving car in 2020
Honda Motor says plans to market partial self-driving car in 2020
Honda Motor Co said on Wednesday it aims to sell a car with automated highway driving functions around 2020, joining the race to market self-driving vehicles that pits traditional automakers against tech firms like Google. Toyota Motor Corp and Nissan Motor Co have also set 2020, the year of the Tokyo Olympics, as the target date to bring self-driving cars to market. A spokesman for Japan’s No.
20 October, 2015 by The TZ Newswire Staff Comments Off on Fitch lowers Fonterra credit ratings
Fitch lowers Fonterra credit ratings
News just out
– long-term issuer default rating and senior unsecured rating lowered to A from AA-
– subordinated debt rating down to A- from A+
– outlook Stable
NZDUSD a tad lower at 0.6736
20 October, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar slightly higher, hits resistance at ¥120
Currencies: Dollar slightly higher, hits resistance at ¥120
The U.S.
20 October, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: Japan stocks rise, but other Asia stocks struggle after weak U.S. lead
Asia Markets: Japan stocks rise, but other Asia stocks struggle after weak U.S. lead
Sluggish U.S.
20 October, 2015 by The TZ Newswire Staff Comments Off on Japan all industry activity index Aug mm -0.2% as exp
Japan all industry activity index Aug mm -0.2% as exp
Another piece of non-market-moving data from Japan out a short while ago
Posting for info
– -0.1% prev revised up from -0.2%
– Supermarket sales yy +2.9% vs +2.0% prev
Meanwhile USDJPY is shadowing higher Nikkei
20 October, 2015 by The TZ Newswire Staff Comments Off on Option expiries 10am NY cut today 21 OCT
Option expiries 10am NY cut today 21 OCT
Here’s what the DTCC have listed at the moment
– USDJPY None so far
– EURUSD
– GBPUSD 1.5300 (GBP 255m) 1.5375 (155m)
– USDCAD
– AUDUSD 0.7200 (314m) 0.7260 (300m) 0.7350 (300m)
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