A Middle East oil benchmark that’s typically used to price the bulk of crude supply from across the region has been tweaked again, as the closure of the Strait of Hormuz stymies flows and roils trading. The process for pricing the regional Dubai benchmark, set by S&P Global Energy, was changed on Friday to encourage more tradable deliveries as a supply crunch hits the region. Under the move, a so-...
A Middle East oil benchmark that’s typically used to price the bulk of crude supply from across the region has been tweaked again, as the closure of the Strait of Hormuz stymies flows and roils trading. The process for pricing the regional Dubai benchmark, set by S&P Global Energy, was changed on Friday to encourage more tradable deliveries as a supply crunch hits the region. Under the move, a so-called pricing offset for Abu Dhabi’s flagship Murban crude has been suspended, Platts, a unit of S&P Global Energy, said in a March 20 subscriber note . That means that the price of Murban won’t be allowed to drop below Dubai’s level during a daily assessment, encouraging supply of that particular grade if Murban goes up. “The decision has been taken to maximize the amount of deliverable crude in the Dubai benchmark at a time when only Murban and Oman can be declared in the Platts Dubai process due to the severe restrictions on traffic through the Strait of Hormuz,” S&P Global Energy said. The global oil market has been pitched into turmoil by the war in the Middle East between the US, Israel and Iran, with prices spiking following a swathe of attacks against energy infrastructure across the region. Critically, Tehran has managed to choke off virtually all traffic passing through the Strait of Hormuz, forcing Persian Gulf producers to lock-in some supplies. The latest shift for the benchmark is the second this month. In the first week of the war, Platts excluded grades loading in the Persian Gulf from the pricing. The United Arab Emirates — which includes Dubai and Abu Dhabi — and Oman sit across the strait from Iran. The UAE has been forced to curtail some output, although it is still managing some flows via Fujairah, which sits outside the strait. Oman’s cargoes go via Mina Al Fahal. Both ports have seen interruptions. The price of Murban was $125.90 a barrel as of 4:30 p.m. in Singapore on Thursday, the cutoff time when the so-called Platts market-on-close window ends a...
Flights are cancelled, schedules are in chaos and scores of European tourists are still waiting to go home, three weeks after the United States and Israeli attack on Iran Some of them, like retiree John Williams, 61, and his wife Gillian, 60, from the United Kingdom, are making good use of their “extended” time in Malaysia “We’re sort of stranded, but frankly we are in no hurry. We are spending a ...
Flights are cancelled, schedules are in chaos and scores of European tourists are still waiting to go home, three weeks after the United States and Israeli attack on Iran Some of them, like retiree John Williams, 61, and his wife Gillian, 60, from the United Kingdom, are making good use of their “extended” time in Malaysia “We’re sort of stranded, but frankly we are in no hurry. We are spending a few days in Penang and will explore other ways to get home later,” Williams said. Advertisement “We saw that others have flown back using unusual transit routes. We just hope things get better.” Their flight to London was cancelled on March 3, and despite daily checks on websites, emails and airline travel groups, they have yet to receive any update. Advertisement Businessman Billy Clifford is scheduled to fly to Paris next month via transit in Abu Dhabi.
Energy Transfer LP (NYSE:ET) is included among the 15 Dividend Stocks to Buy for Steady Income. Raymond James Sees Attractive Outlook for Energy Transfer (ET), Adds to Favorites On March 19, Raymond James added Energy Transfer LP (NYSE:ET) to its Analyst Current Favorites list. The list highlights top stock ideas from the firm’s equity analysts, with each analyst limited to one “buy” idea at a tim...
Energy Transfer LP (NYSE:ET) is included among the 15 Dividend Stocks to Buy for Steady Income. Raymond James Sees Attractive Outlook for Energy Transfer (ET), Adds to Favorites On March 19, Raymond James added Energy Transfer LP (NYSE:ET) to its Analyst Current Favorites list. The list highlights top stock ideas from the firm’s equity analysts, with each analyst limited to one “buy” idea at a time. In this case, the analyst said the relative outlook for Energy Transfer looks very attractive. In a CNBC report published on March 17, Adam Baker pointed to Energy Transfer as a name drawing more investor attention. A big part of that interest ties back to its role in supporting data center infrastructure. He noted that the company signed agreements last year with Oracle Corporation and CloudBurst Data Centers, which helped place it within that theme. Baker also pointed to a potential new catalyst. He said Qatar’s shutdown of its liquefied natural gas production has started conversations around further growth in the US. LNG market. In his view, the US is in a strong position to benefit, given its existing infrastructure and large natural gas supply. He added that concerns about an oversupply of natural gas may now be pushed further out. The glut narrative, as he sees it, is likely delayed until at least 2027. Energy Transfer LP (NYSE:ET) operates a large and diversified portfolio of energy assets across the U.S. The company owns more than 140,000 miles of pipeline and related infrastructure, with a network that spans 44 states and connects major production basins. While we acknowledge the potential of ET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2...
海關大埔搗私煙倉檢2,000萬元貨 37歲無業男被捕明提堂 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】海關搗破大埔私煙儲存倉,檢獲市值逾2,000萬元私煙,拘捕一名男子。 被捕男子37歲報稱無業,被黑布蒙頭帶...
海關大埔搗私煙倉檢2,000萬元貨 37歲無業男被捕明提堂 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】海關搗破大埔私煙儲存倉,檢獲市值逾2,000萬元私煙,拘捕一名男子。 被捕男子37歲報稱無業,被黑布蒙頭帶走,周六於沙田裁判法院提堂。海關周四突擊搜查大埔洞梓路一個鐵皮倉,檢獲460萬支私煙,應課稅值1,500萬元。海關指倉庫面積約2,000平方呎,存放大量包裝物料,部分私煙已重新包裝,估計出口至煙稅較高地區以賺取差價。
If you're planning to retire within the next five to 10 years and are thinking about where Social Security fits into your retirement strategy, you're already ahead of the game. By understanding how Social Security is calculated, how early or late retirement can impact your monthly benefit, and how to check where you stand, you'll be in a great position to make the best financial decisions for you ...
If you're planning to retire within the next five to 10 years and are thinking about where Social Security fits into your retirement strategy, you're already ahead of the game. By understanding how Social Security is calculated, how early or late retirement can impact your monthly benefit, and how to check where you stand, you'll be in a great position to make the best financial decisions for you and your family. With that in mind, here's a quick pre-retiree's guide to how your Social Security benefit is calculated, how to check where you stand, and other important details you should know a few years before you file for benefits. I'll also discuss whether you should be worried about Social Security running out of money. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » How does the SSA calculate your Social Security retirement benefit? Don't worry. I won't go through all the technical details of how your Social Security benefit is calculated. If you want a full explanation, I encourage you to read this thorough guide. The general idea is as follows: The Social Security Administration (SSA) adjusts all of your past earnings for inflation and takes the 35 highest years. These 35 years of earnings are averaged together and divided by 12 to produce your average indexed monthly earnings. This is applied to a formula that determines your initial Social Security benefit at full retirement age (67 for those born in 1960 or earlier). This is referred to as your primary insurance amount. Now, you can start collecting Social Security as early as age 62 or as late as age 70. But if you start early, your benefit will be permanently reduced by as much as 30%, depending on how soon you file for benefits. On the other hand, if you wait until after full retirement age, you can get as much as 24% more if you wait until 70. It's also worth noting that early and late retirement adjustments are made bas...
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing China’s push for semiconductor self-sufficiency is shifting from broad aspiration to a precision strike on chokepoint materials, with phot...
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing China’s push for semiconductor self-sufficiency is shifting from broad aspiration to a precision strike on chokepoint materials, with photoresist – the light-sensitive chemical essential for etching microscopic circuits onto silicon wafers – emerging as a new battlefield. China and the US wrapped up their sixth round of trade talks in Paris on Monday, with the agenda ranging from a possible extension of bilateral tariff and non-tariff measures as well as bilateral investment. Ngo Bao Chau says he wants to help turn Asia into a powerhouse of maths and science. Photo: Handout World-leading Vietnamese mathematician Ngo Bao Chau has said his decision to leave the US was not just the result of the worsening academic environment there, but also a vision to transform Asia into the next global powerhouse for maths and science. Ngo, the first Vietnamese recipient of the prestigious Fields Medal, will join the University of Hong Kong in June.
Shares of Contemporary Amperex Technology ( CYATY ) ( CATL ) briefly traded at a record premium in Hong Kong on Thursday compared with their mainland-listed counterparts, driven by strong earnings and energy supply disruptions that increased demand for the battery giant. CATL’s Hong Kong shares have surged around 35% since last week’s earnings beat, pushing their premium over the firm’s Shenzhen-l...
Shares of Contemporary Amperex Technology ( CYATY ) ( CATL ) briefly traded at a record premium in Hong Kong on Thursday compared with their mainland-listed counterparts, driven by strong earnings and energy supply disruptions that increased demand for the battery giant. CATL’s Hong Kong shares have surged around 35% since last week’s earnings beat, pushing their premium over the firm’s Shenzhen-listed stock to a record 46% at one point, according to a Bloomberg News report. The mainland-listed shares have gained about 16% over the same period, driving the gap between the two listings past levels last seen in July, when foreign investor demand in Hong Kong buoyed sentiment. More on Category Leader Partner Corp 1, Contemporary Amperex Technology Co., Limited Contemporary Amperex Technology: Solid Performance And Favorable Prospects Financial information for Category Leader Partner Corp 1 Historical earnings data for Contemporary Amperex Technology Co., Limited Dividend scorecard for Contemporary Amperex Technology Co., Limited Financial information for Contemporary Amperex Technology Co., Limited
奧運乒乓6金得主馬龍訪港 與本地學生切磋球技 勉年輕人從失敗中學習 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】奧運6金得主、國家乒乓球手馬龍訪港,與本地學生交流及切磋球技,勉勵年輕人保持積極,追求自己熱愛的事...
奧運乒乓6金得主馬龍訪港 與本地學生切磋球技 勉年輕人從失敗中學習 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】奧運6金得主、國家乒乓球手馬龍訪港,與本地學生交流及切磋球技,勉勵年輕人保持積極,追求自己熱愛的事。 馬龍難得來港,兩位理工大學代表李凱敏及周正把握機會,挑戰這位奧運6金得主。李凱敏:「第一次與馬龍打球,第一次可以跟他近距離交流,很興奮。」 馬龍被打離枱都未驚過,繼續對打。這位37歲國家隊名將面對港協暨奧委會副會長霍啟剛,轉用紙牌取代球拍,看來有點難度,想起板但打了落網。奧運跳水冠軍郭晶晶都技癢,這球有運、擦枱邊,考起馬龍。除了「露兩手」,這位乒乓球手還出席由霍啟剛主持的研討會,勉勵年輕人追尋目標上,要保持積極及韌性。 馬龍:「每個運動員在背後,都經歷過無數次失敗,然後再到總結、再嘗試、再失敗,這樣一個過程。除了你要接受勝利的那一面,很多時候你也要接受失敗的那一面。你怎麼讓自己能夠從失敗當中,或是叫沒成功之前,繼續往前走,再嘗試,我覺得這份韌性是非常重要的一份特質。」當被問到如何形容乒乓生涯,他這樣回答:「一個字,難。(一個字或一句話?)好難,真難。」 出席研討會的還有兩位香港游泳名將歐鎧淳及江忞懿,活動吸引了超過一千名本地大專生參與。
William Klein worked for more than two decades as a US diplomat, including in several senior roles at the United States’ embassy in Beijing from 2016 to 2021. He worked at the American Institute in Taiwan and on the US State Department’s China desk in Washington, and occupied US diplomatic posts in South Asia, the Middle East and the former Soviet Union. He is a consulting partner with FGS Global,...
William Klein worked for more than two decades as a US diplomat, including in several senior roles at the United States’ embassy in Beijing from 2016 to 2021. He worked at the American Institute in Taiwan and on the US State Department’s China desk in Washington, and occupied US diplomatic posts in South Asia, the Middle East and the former Soviet Union. He is a consulting partner with FGS Global, a firm based in Berlin, with a focus on US-China and EU-China relationships. SCMP Plus readers get...
NiseriN/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy – Qatari LNG set for multiyear disruption European natural gas prices surged to an intraday high of EUR74/MWh yesterday. Though the front-month contract settled at EUR61.85/MWh, prices were still up 13% on the day. This comes as the market digests the impact from Irani...
NiseriN/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy – Qatari LNG set for multiyear disruption European natural gas prices surged to an intraday high of EUR74/MWh yesterday. Though the front-month contract settled at EUR61.85/MWh, prices were still up 13% on the day. This comes as the market digests the impact from Iranian attacks on Qatari LNG infrastructure. The global LNG market is set to be tighter than originally expected for the foreseeable future following Iranian attacks on Ras Laffen in Qatar. According to Qatar Energy, the attacks have impacted 17% of the site's LNG export capacity. This is equivalent to just over 17 bcm, around 3% of global LNG trade. It could take 3-5 years to bring this capacity back online. When you factor in this disruption, along with delays in the start-up of new export capacity from Qatar, it’s no surprise that the TTF forward curve has moved quite a bit higher through 2027 just over the last day. The market is starting to price in a longer supply disruption. Also, the large global LNG surplus that the market had expected through 2027 is looking much more elusive. ICE Brent eased from its intraday high of $119/bbl yesterday, with it trading back below $108/bbl. This comes after Israel said it would no longer target Iranian energy infrastructure. There are also suggestions that President Trump may ease some sanctions on Iranian oil to help limit price gains. Additional downward pressure reflects the US administration ruling out export restrictions on oil. There were suggestions of such a move. This added to the growing disconnect between Brent and WTI, with the Brent-WTI spread trading to $13/bbl, the widest level since 2014. Iranian attacks on neighbouring energy infrastructure are also affecting the refined products market, which continues to strengthen. The prompt ICE gasoil timespread surged to a backwardation of $160/t, while the May gasoil crack surg...
For most people, becoming a millionaire from a single $10,000 investment takes a long time and exceptionally strong returns. The average stock market return for the S&P 500 index has been about 10% per year for the past 50 years, and many individual stocks and stock ETFs do not outperform this broad market index for long. But the Vanguard Russell 1000 Growth ETF (VONG 0.38%) might do the trick. If...
For most people, becoming a millionaire from a single $10,000 investment takes a long time and exceptionally strong returns. The average stock market return for the S&P 500 index has been about 10% per year for the past 50 years, and many individual stocks and stock ETFs do not outperform this broad market index for long. But the Vanguard Russell 1000 Growth ETF (VONG 0.38%) might do the trick. If you invest $10,000 in this growth ETF and use a patient long-term approach, VONG might make you a millionaire. Let's see how $10,000 invested in VONG could grow to make you a millionaire. VONG: 15 years of 16.5% average annual returns The Vanguard Russell 1000 Growth ETF invests in a portfolio of 390 U.S. large-cap growth stocks. Technology stocks make up 59.7% of the fund's holdings, and the top four largest holdings are all major tech names: Nvidia, Apple, Microsoft, and Amazon. VONG was created in September 2010, and the past 15 years have been an era of skyrocketing growth for tech stocks. As a result, this tech-heavy ETF has delivered average annual returns of 16.5% since the fund's inception in September 2010, and 26% in the past three years. Those powerful growth rates are significantly better than the S&P 500 has delivered. Expand NASDAQ : VONG Vanguard Scottsdale Funds - Vanguard Russell 1000 Growth ETF Today's Change ( -0.38 %) $ -0.43 Current Price $ 112.17 Key Data Points Day's Range $ 111.37 - $ 112.69 52wk Range $ 79.39 - $ 126.83 Volume 3.6M How $10,000 in VONG could grow to $1 million If you invest $10,000 into the S&P 500 index, and the stock market delivers its usual long-term average growth rate of 10% per year, it will take 49 years for that $10,000 to grow to $1 million. Investing in faster-growing funds like VONG can speed up your time to millionaire status. Let's say that VONG keeps delivering an average annual return of 16.5% far into the future. If you invest $10,000 into VONG today, after 15 years of 16.5% compounding annual growth, you'd have alm...
Panamanian President Jose Raul Mulino has accused a subsidiary of Hong Kong conglomerate CK Hutchison Holdings of lying about the country’s response to an arbitration initiated by the company over the seizure of two strategic ports. Mulino’s rebuttal on Thursday was in response to claims several days earlier by the Panama Ports Company (PPC) that his government had failed to file a response to the...
Panamanian President Jose Raul Mulino has accused a subsidiary of Hong Kong conglomerate CK Hutchison Holdings of lying about the country’s response to an arbitration initiated by the company over the seizure of two strategic ports. Mulino’s rebuttal on Thursday was in response to claims several days earlier by the Panama Ports Company (PPC) that his government had failed to file a response to the company’s request for arbitration by the deadline of March 13. The company filed the request after the country seized control over terminals at the Balboa and Cristobal ports in February. Advertisement PPC, a subsidiary of the conglomerate owned by Hong Kong tycoon Li Ka-shing’s family, claimed the government had said it was “not prepared” and would not be able to respond in time because it had not hired any lawyers, “was not familiar with the dispute” and needed time to develop a plan. Mulino reportedly rejected the accusation and said the government was backed by international counsel. Advertisement “[The accusation] is outrageous and a lie,” he said. “We have appointed international lawyers who are going to defend us.”
Add Decrypt as your preferred source to see more of our stories on Google. In brief AWS plans to deploy about 1 million Nvidia GPUs through 2027. The buildout spans compute, networking, and systems for running AI at scale. Observers say rising inference demand is reshaping infrastructure and competition. Nvidia will supply Amazon Web Services with a massive volume of GPUs through 2027 as the cloud...
Add Decrypt as your preferred source to see more of our stories on Google. In brief AWS plans to deploy about 1 million Nvidia GPUs through 2027. The buildout spans compute, networking, and systems for running AI at scale. Observers say rising inference demand is reshaping infrastructure and competition. Nvidia will supply Amazon Web Services with a massive volume of GPUs through 2027 as the cloud provider ramps up its AI infrastructure and looks to meet growing demand. AWS announced earlier this week that it plans to deploy around 1 million Nvidia GPUs as part of its expanded AI infrastructure buildout. An Nvidia executive confirmed with Reuters on Thursday that the rollout is expected to run through the end of 2027. Commencing this year across AWS’s global cloud regions, it will be rolled out alongside expanded work with Nvidia on networking and other infrastructure to build systems “capable of reasoning, planning, and acting autonomously across complex workflows,” AWS said, pointing to its work on agentic AI systems. AWS continues to develop AI chips for both training and inference. The collaboration suggests demand may be shifting across the AI stack, while a growing share of activity appears tied to running models in live services. The deal comes as U.S. prosecutors pursue a case alleging Nvidia chips were smuggled to China, placing the company’s global supply and controls under renewed scrutiny. Since 2022, Nvidia’s most advanced chips have been tightly controlled as part of a broader U.S. strategy to limit China’s progress in advanced computing and AI. Thursday’s development closer to home could all but widen that gap. Changes in pace Observers say the deal structure offers clues about where demand is building and how the underlying infrastructure is changing at an increasingly rapid pace. “Nvidia is becoming the infrastructure layer underneath the cloud providers, not just a chip vendor to them," Dermot McGrath, co-founder at strategy and growth studio Zen...
3歲男童確診侵入性腦膜炎雙球菌 料屬本地個案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】1名3歲男童確診感染侵入性腦膜炎雙球菌,情況嚴重,估計是本地感染個案。 男童目前留醫廣華醫院,他周二發燒及嘔吐,翌日到醫...
3歲男童確診侵入性腦膜炎雙球菌 料屬本地個案 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】1名3歲男童確診感染侵入性腦膜炎雙球菌,情況嚴重,估計是本地感染個案。 男童目前留醫廣華醫院,他周二發燒及嘔吐,翌日到醫院急症室求診,診斷為腦膜炎,血液及腦脊液樣本驗出腦膜炎雙球菌,他潛伏期內沒外遊,家居接觸者暫時沒病徵。初步調查與本港早前3宗確診個案,或者英國近期出現的感染群組,都沒有流行病學關連。衞生防護中心已經在機場加強健康篩查,有疑似徵狀的入境旅客將會轉介至醫院檢查,又會去信提醒全港醫生留意從受影響地區回港的病人是否有感染病徵。