Showing 1 - 8 of 8
Mineral Fuels chief shuffled amid dispute
Business, Yuthana Praiwan, Published on 16/10/2019
» The director-general of the Mineral Fuels Department, Premrutai Vinaiphat, has been reassigned as inspector-general of the Energy Ministry amid an unresolved dispute over gas platform decommissioning expense in the Erawan and Bongkot offshore fields.
PTTEP evolves with the times
Business, Yuthana Praiwan, Published on 26/11/2018
» Phongsthorn Thavisin was appointed chief executive of PTT Exploration and Production Plc (PTTEP), the SET-listed oil and gas drilling firm, in early October.
Syria and Trump-Xi talks keep investors on sidelines
Business, Published on 10/04/2017
» Recap: Markets were rattled late last week after US cruise missiles struck a Syrian air base, while global investors moved to the sidelines pending the outcome of talks between US President Donald Trump and Chinese President Xi Jinping. Safe-haven assets such as the yen and gold soared and oil prices also surged. The formal promulgation of the country's 20th constitution, ensuring an election sometime late next year, helped keep the Thai stock market in a rangebound trade.
Rate cuts, stimulus moves help propel global stocks
Business, Published on 08/08/2016
» Recap: An interest-rate cut and new quantitative easing plans by the Bank of England, along with additional stimulus in Japan, helped propel global stock markets last week. In the US, stocks jumped on Friday in response to healthy employment data, which helped offset a weak manufacturing report earlier.
Stocks climb as prospects for fed rate hike recede
Business, Published on 06/06/2016
» Recap: Global stock markets rose last week as investors now believe the US Federal Reserve will not raise interest rates until July at the earliest, given concerns about the market impact of the June 23 UK referendum on EU membership. Poor US job figures for May also weakened the case for a rate hike. A recovery in oil prices also lifted sentiment. Thai shares advanced on buying of energy and bank blue chips.
Oil rout, China weakness-keep-stocks-on-back-foot
Business, Published on 18/01/2016
» Recap: Asian stock markets swung back and forth last week but brief rebounds proved unsustainable in the face of dire economic news. Oil prices sank to a 12-year low below US$30 per barrel as investors worried about the health of the global economy, while the slowdown in China and volatility in its markets continued to make for a nervous start to the year. The Thai stock market had a similarly wild ride, tracking the regional bourses.
Coping with crisis
Business, Published on 26/01/2015
» The International Monetary Fund cut its global growth projection for 2015, the European Central Bank started a quantitative easing programme and oil prices have been in a free fall for over six months.
Set returns from break to ride global surge
Business, Published on 18/08/2014
» Recap: Soft economic data from major countries raised expectations of new central bank stimulus efforts and propelled global stock markets last week. Easing tensions in Ukraine after Russia finished military drills also bolstered sentiment. After a long holiday, Thai shares started strongly on Wednesday, buoyed by heavy foreign and institutional buying before fading late in the week.