March 29, 2017

From Business in Vancouver: Despite central bank interest rates flirting with zero, a low Canadian dollar helping exports, rebounding commodity prices and a resurgent American economy, Canadian business investment remains weak, says the Bank of Canada (BoC). The Canadian economy performed slightly better than expected in 2016’s fourth quarter. There have also been some healthy employment gains, led by British

From Reuters: The last time the United States was a net exporter of natural gas was in 1957, when Dwight Eisenhower was president. That should change in 2018 when the country is expected to become the world’s third-largest exporter of liquefied natural gas (LNG). By the end of next year, U.S. LNG export capacity in the lower 48 states will

From Reuters: Asia’s top refiner Sinopec Corp said on Tuesday that it will begin buying gasoline and diesel fuel from third parties through its central office in Beijing, a move that puts further limits on China’s independent oil refiners. In an e-mailed statement, Sinopec said it would start from April to centralize refined fuel purchasing to balance supply, cut costs

From Reuters: Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to be the world’s largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50 percent for the firm. Previously, Aramco had