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Asia shares at four-month peak, stimulus trumps virus fears

first_imgAsian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.05 percent, having hit its highest since February.Eyes were on Chinese blue chips, which surged almost 7 percent last week to their loftiest level in five years. Japan’s Nikkei, however, has lagged with its domestic economy and was last up 0.4 percent. E-Mini futures for the S&P 500 firmed 0.3 percent.Most markets had gained ground last week as a raft of economic data from June beat expectations, though the resurgence of coronavirus cases in the United States is clouding the future.In the first four days of July alone, 15 states have reported record increases in new cases of COVID-19, which has infected nearly 3 million Americans and killed about 130,000, according to a Reuters tally.“It is very clear that the US never got the COVID outbreak under control the way that other countries did. By reopening the economy too soon, we have seen a frightening increase in the pace of new cases,” said Robert Rennie, head of financial market strategy at Westpac. Analysts estimate that reopenings impacting 40 percent of the US population have now been wound back.“So markets will have to climb a wall of worry in July as economic activity likely softens from the V-shaped recovery seen over recent months,” warned Rennie. “We must remember too that US and China relations are deteriorating noticeably.”Two US aircraft carriers conducted exercises in the disputed South China Sea on Saturday, the US navy said, as China also carried out military drills that have been criticised by the Pentagon and neighbouring states.The risks, combined with unceasing stimulus from central banks, have kept sovereign bonds supported in the face of better economic data, with US 10-year yields holding at 0.67 percent and well off the June top of 0.959 percent.Analysts at Citi estimate global central banks are likely to buy US$6 trillion of financial assets over the next 12 months, more than twice the previous peak.Major currencies have been largely range bound with the dollar index at 97.189 having spent an entire month in a snug band of 95.714 to 97.808.The dollar was hardly changed at 107.59 yen on Monday, while the euro idled at $1.1260.In commodity markets, gold has been benefiting from super-low interest rates across the globe as negative real yields for many bonds make the non-interest paying metal more attractive.Spot gold traded at $1,776 per ounce just off last week’s peak of $1,788.96.Oil prices were mixed in early trade with Brent crude futures up 15 cents at $42.95 a barrel, while US crude eased 25 cents to $40.40. Topics :last_img read more

Chevron’s Wheatstone LNG to boost Australian economy

first_imgChevron Australia, together with its joint venture partners commemorated the Wheatstone liquefied natural gas project near Onslow, Western Australia. Speaking at the ceremony, Chevron Australia managing director Nigel Hearne said Wheatstone is an asset that will contribute to the Australian economy for the next 40 years.The project shipped its first ever cargo of the chilled fuel to Japan at the end of October. It is lauded as Australia’s first third-party natural gas hub enabling future development of the vast natural gas resources offshore Western Australia.At full capacity, the Wheatstone project’s two train LNG facility is expected to contribute around six percent of the Asia Pacific region’s total future LNG production, delivering 8.9 mtpa of LNG for export to customers in Asia.The project’s domestic gas plant also has the capacity to produce 200 terajoules per day of domestic gas for the Western Australian market. When combined with domestic gas from the Chevron-operated Gorgon LNG project, there is capacity to produce 500 terajoules per day which is 50 percent of current domestic gas supply in Western Australia, the company said in a statement.The Chevron-operated Wheatstone LNG facility is a joint venture between Australian subsidiaries of Chevron (64.14 percent), Kuwait Foreign Petroleum Exploration Company (KUFPEC) (13.4 percent), Woodside Petroleum (13 percent), and Kyushu Electric Power Company (1.46 percent), together with PE Wheatstone, part-owned by JERA (8 percent).Chevron holds an 80.2 percent interest in the offshore licenses containing the Wheatstone and Iago fields.last_img read more

Rotech Subsea Completes North Sea Sand-Wave Clearance Job

first_imgRotech Subsea has competed a sand-wave clearance for Van Oord at the Norther offshore wind farm in the Belgian North Sea. Aberdeen-based subsea excavation pioneer Rotech deployed its TRS2 controlled flow excavation tool to carry out the scope of work.The TRS2 result was that instead of the two campaigns originally programmed to clear the route, the entire scope was completed in a single campaign.“The capabilities of the TRS2’s controlled flow technology and its ability to pre-sweep a wide corridor extremely quickly and effectively resulted in increased productivity and a reduction on the project’s total costs,” said Stephen Cochrane, Rotech Subsea director. “Sand-waves up to 2.5m in height were excavated successfully in water depths of up to 35 meters. The project was a huge success, allowing for the Norther IAC to be accessed for burial. Soil conditions were described as Very Dense Silty Sand to Clay, and the TRS2 achieved an excellent average excavation rate of 3m/min.”With the sand-wave scope successfully completed ahead of schedule, Rotech’s recently developed RSG cable grab tool has been deployed on a cable recovery scope until February 2020.last_img read more

6 persons jailed for illegal cockfighting

first_imgThe suspects were detained in themunicipal police station, facing charges for violation of Presidential Decree449, or the Cockfighting Law of 1974./PN Police confiscated three game fowls and P4,703bet money from them on March 1. Police identified them as RedgelPabiona, 31; Rodolfo Roy Serafico, 23; Bernardo Paches, 42; Rufillo Palowa, 30;Justine Querubin, 18; John Rey Roquio, 21; and Romel Devecais, 38.center_img ILOILO City – Six persons were arrested forillegal cockfighting in Barangay Gines Nuevo, San Enrique, Iloilo.last_img read more

Wayne Ashcraft

first_imgHoward  Wayne Ashcraft, 54, of Rising Sun, IN, passed away at 10:00 PM, Saturday, June 4th, 2016 at his residence. Wayne was born in Lawrenceburg, IN on June 3, 1962, a son of Alice (Thies) Ashcraft and the late Albert Henry Ashcraft. He was a graduate of Rising Sun High School Class of 1981 and also attended ITT Tech in Indianapolis. Wayne served his country in the U.S. Army. He worked as a lead slot tech at Rising Star Casino in Rising Sun, IN. Wayne was a former Cub and Boy Scout leader. He enjoyed fishing, camping, woodworking and tinkering with anything that needed fixed. Wayne also loved to ride his motorcycle. On May 5, 1989 in Rising Sun, IN he married Susan Marie (Kittle) Ashcraft who survives him. Wayne was a loving husband, father, son, grandfather and brother who will be deeply missed.In addition to his loving wife Susan, Wayne is survived three daughters, Creola Michelle Chase (Mike) of Fairview, IN; Grace Marie Bright of Greenwood, IN; Alicia Ann Ashcraft of Rising Sun, IN; by two sons, Joshua Wayne Ashcraft and Michael David Ashcraft of Rising Sun, IN; by his mother Alice Ashcraft of Rising Sun, IN; by grandchildren: Syndi, Aylah, & Brylee Chase, Trevor Ferrari, Thomas Etzel, Jr. (Little T), Lily and Alex Bright, & Isac Howard Ashcraft; by Father & Mother-in-law  David and Evelyn Kittle; brother-in-law  Raymond Kittle; sisters-in-law  Diane Scudder (Dale) and Jolie Zielke all of Rising Sun, IN; and by many nieces, nephews, other relatives and many friends.Funeral services will be 1 PM, Thursday, June 9 at the Markland Funeral Home in Rising Sun, IN. Friends are invited to call Thursday 10AM-1PM at Markland Funeral Home. Burial will be at Rising Sun New Cemetery. Memorial donations may be made to the family. marklandfuneralhome.comlast_img read more

Lady Cats Blank Lady Trojans On The Diamond

first_imgKamryn McCool struck out 13 in a 3-hit, 6-0 win at East Central Tuesday night. Offensively, McCool paced the Cat bats with 2 doubles and an RBI. Madison Brenner sparked a 3-run 1st with a leadoff single (1 of 2 singles), later scoring on a Dessauer hit. Brooke Otto recorded 2 hits as well. Hornsby and McDaniel each drove in a run as well.For East Central, Becca Dudley gave up 5 earned on 9 hits in 7.0 innings pitched, striking out 2. Ysa Fox had two singles and Howard one.last_img

Youth killed in Cross Plains crash

first_imgCross Plains, In. — Indiana State Police say a 16-year-old Switzerland County youth was killed in a crash near Cross Plains just after midnight Thursday.The report says Delbert Miller drove off the right side of State Road 129 overturned and struck a tree. Passenger in the vehicle, Joseph Miller, 38, his father, sustained serious injuries and was transported to University of Cincinnati Hospital for treatment.Alcohol or drugs are not believed to be factors, the investigation is ongoing.last_img read more

Debra Brown – Cedar Grove

first_imgDebby lived and worked in Florida until 2013 when she returned to Franklin County and continued her nursing career most recently at Caring First Home Health.  She enjoyed spending time with and taking pictures of all of her family and friends; her passion was music and dancing.  During Holy Week of April 2017, she fulfilled her dream of visiting the Holy Land, deeply strengthening her devout Catholic faith. Debby is survived by five brothers: Dennis A. Brown (Mary Pat), Jeffery Brown (Lucy), Grover Brown (April), Kevin Brown (Lynn) and Jon Brown (friend Cathy Hileman), and sisters Connie Bischoff (Kenny) and Pam Bachus (Tom) and fiancé Dave Wolff, and many cherished nieces and nephews.  Besides her father, she was preceded in death by a nephew, Joey Bachus. She attended Cedar Grove and Brookville Elementary and graduated from Brookville High School. She excelled in her classes particularly Special Choir where she competed at State and traveled with her trio to the army camp in Kentucky.  After graduation she entered Ivy Tech in Richmond, IN earning her LPN degree. Immediately she enrolled in the Jewish Hospital College of Nursing in Cincinnati, OH, graduating as a registered nurse and worked in many different units for 20 years. Because of her dedication and love for her patients, she was chosen “Ambassador of The Year” in 1985-1986. Along with this prestigious award, she received a three day weekend in New York City experiencing Central Park, the subway, stage production of Cats and other attractions. Friends may visit with the family on Sunday, January 28, 2018 from 4 until 8 p.m. at Cook Rosenberger Funeral Home, 929 Main Street, Brookville.  Father Sean Danda will officiate a Mass of Christian Burial on Monday at Holy Guardian Angels Parish at 10:30 a.m.  Burial will follow in the church cemetery.center_img Debra S. Brown, born April 16, 1956, passed away Wednesday, January 24, 2018 at her home in Cedar Grove, Indiana.  She was the beloved daughter of Jeroma C. Brown and the late Keith A. Brown and the devoted mother of Krista M. Brown Rivera and husband Alberto L. Rivera of Haines City, Florida. Memorial contributions can be directed to FC CAN.  To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com.  The staff of Cook Rosenberger Funeral Home is honored to care for the family of Debby Brown.last_img read more

WWE: Asuka, Otis win MITB briefcases after Mysterio is thrown off the roof

first_imgAsuka and Otis were victors as they claimed the respective women’s and men’s Money In The Bank briefcases in one of WWE’s most-bizarre ever matches. Asuka and Otis were the big winners at WWE’s Money in the Bank The women’s match had a stacked field with several former champions in Asuka, Nia Jax and Carmella. Loading… And fans were also left fearing for the health of the legendary Rey Mysterio and Aleister Black after Baron Corbin threw both stars off the roof of WWE’s headquarters. For the first time ever, the stakes were raised as both the men’s and women’s matches took place simultaneously at WWE headquarters in Stamford, Connecticut. The 12 total men and women began the match on the ground floor of Titan Towers and battled all the way to the roof where the coveted briefcases – containing a guaranteed title shot – were waiting hung up above a ring. And it was Otis who outlasted the other five male competitors after a bonkers match that threw up surprise cameos from WWE’s past, including Doink the Clown, Brother Love and John Laurinaitis. FULL RESULTS FROM MONEY IN THE BANKAJ Styles and Baron Corbin were fighting over the briefcase at the climax when Elias suddenly arrived to slam his guitar into Corbin. That left Styles in possession of the case, but only for a moment as he fumbled it and watched on agonisingly as it fell into the arms of Otis. That moment came just seconds after Mysterio and Black had both been tossed from the roof by Corbin. Otis now has the right to cash in his Money in the Bank contract for a world title match at any time after overcoming those four and Daniel Bryan.center_img Promoted ContentThe Highest Paid Football Players In The World7 Mind-Boggling Facts About Black HolesBest & Worst Celebrity Endorsed Games Ever MadeWhat Are The Most Delicious Foods Out There?11 Greatest Special Effects Movies Of All Time6 Incredibly Strange Facts About HurricanesA Hurricane Can Be As Powerful As 10 Atomic BombsPlaying Games For Hours Can Do This To Your BodyWho Earns More Than Ronaldo?The Highest Paid Football Players In The WorldYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime10 Awesome TV Series That Got Cancelled Way Too Soon Read Also: Ajax manager confirms transfer agreement with Chelsea target Meanwhile former NXT Title holder Shayna Baszler joined Lacey Evans and Dana Brooke, who were searching for their first title on the main roster. But it was the Empress of Tomorrow who fended off Evans and Jax – and also Corbin as he simultaneously attempting to collect the men’s briefcase, to claim the win. FacebookTwitterWhatsAppEmail分享 last_img read more

Medlock, Blurton sprint to URSS wins at Byers

first_imgBYERS, Colo. (June 25) – Justin Medlock and Zach Blurton were feature winners when the United Rebel Sprint Series rolled back through the pit gates at Colorado Motor Sports Park Satur­day night.Medlock scored the first victory of his career in the feature rained out and made up from May 28 at Byers. Blurton then paced the scheduled event.Medlock led every lap of the rescheduled contest after starting outside the front row. Austin Mclean took the runner-up position back from Bob Schaeffer on lap 15; Scott Cochran and Tod Plemons completed the top five.Blurton wired the field in the scheduled 20-lapper that followed, becoming the fourth different win­ner in as many URSS events at Byers this season.Lap 12 saw second running Coby Pearce go off track, giving the runner-up spot to Mclean.As the laps dwindled away it was Blurton holding a comfortable lead and taking his first Colorado Region win of 2016. Mclean made it two runner-up finishes in a row with Cochran, Brian Hardman and Schaeffer rounding out the top five.ResultsMake-up feature – 
1. Justin Medlock; 
2. Austin McLean; 
3. Bob Schaeffer; 
4. Scott Cochran; 
5. Todd Plemons
; 6. Zach Blurton; 
7. Clint Schubert
; 8. Coby Pearce
; 9. Howard Van Dyke; 
10. Brad Wasson; 
11. Tara Jo Christie; 
12. Luke Lucero; 
13. Brian Hardman; 14. Scott Rhoades; 15. Nick Sutton; 16. Ian Christie.Scheduled feature – 
1. Blurton; 
2 McLean; 
3. Cochran; 
4. Hardman; 
5. Schaeffer
; 6. Lucero
; 7. Plemons
; 8. Rhoades; 9. Medlock; 
10. Sutton; 
11. Shubert; 
12. Wasson
; 13. Van Dyke
; 14. Tara Jo Christie
; 15. Pearce; 16. Ian Christie.last_img read more