Asian spot liquefied natural gas (LNG) prices were little moved this week, holding on to a six-week high amid emerging spot demand in both southeast Asia and Europe.
Japanese trading houses Mitsubishi and Marubeni on Thursday lifted full-year profit and dividend forecasts as weaker yen and non-resource businesses are set to support operations after a drop in half-year results.
China’s push for a different world order that diminishes the US has extended to using its own currency instead of the dollar to pay for oil and gas imports, but the so-called “de-dollarisation” of some Chinese trade will not weaken the global importance of the greenback anytime soon. [Gas in Transition, Volume 3, Issue 9]
The rupee recovered 8 paise to 81.96 against the US dollar in the early trade on Tuesday after gains in domestic equities and a weak greenback in overseas markets.
The rupee traded almost flat at 81.95 against the US currency in the opening trade on Monday amid gains in local stocks and losses in the dollar against major rivals in global markets.