#AceFinanceDesk …………..Israel’s oil and gas exploration, in the disputed area with Lebanon, i s a very serious matter. We will not allow encroachment on our internally recognised internal waters”, Aoun said at a meeting with a delegation of the Roman Catholic Melkite Bishops, as quoted in a press release on h is official website.

“Israel and Lebanon lack a demarcated maritime border. For decades now, various mediators including the United Nations and the United States, attempted in vain to help them reach a consensus. The discovery of large oil reserves in the disputed area only further complicated the dispute.”

Published: June.29: 2020: https://ift.tt/3idrfog

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#AceFinanceDesk ………….The European Central Bank will need to keep monetary policy loose until its inflation target is clearly in sight, ECB policymaker Francois Villeroy de Galhau said on Sunday in an interview with Handelsblatt.

“Inflation in Europe’s single currency bloc is at its weakest in four years, standing at just 0.1% in May and forecast to average 0.3% in 2020, far below the ECB’s target of close to but less than 2%.”

Published: June.28: 2020: https://t.co/nRIScUqj9s

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#AceFinanceDesk …………The U.S. Federal Reserve bought $428 million in bonds of individual companies th rough mid-June, making investments in familiar household names like Walmart and AT&T as well in major oil fi rms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett ’s Berkshire Hathaway holding company @ReutersBiz reports

“The transactions disclosed Sunday are the first individual company bond purchases made by the Fed under new programs set up to nurse the economy through the coronavirus pandemic. The Fed also added $5.3 billion in 16 corporate bond exchange traded funds, including a newly added sixth high yield fund.”

Published: June.28: 2020: https://t.co/099L2v5kBW

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#AceFinanceDesk …………….Iranian President Hassan Rouhani has unveiled three #oil and petrochemical p rojects which have been launched in the country’s central, southern and northwestern parts, t he official IRNA news agency reported on Thursday Sputnik report

“The first project is to focus on hexane production at the Imam Khomeini Shazand Refinery in the Markazi province: The project is expected to help increase #oil production by 500,000 barrels per day.”

Published: June.26: 2020: https://ift.tt/3fY3T3O

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#AceFinanceDesk ………………A consortium of six global investors has entered into a $20.7 billion agre ement with Abu Dhabi National Oil Company (ADNOC), the state-owned oil company said Tuesday. 

“As part of the agreement, the group will invest $10.1 billion to acquire a 49% stake in a newly-formed subsidiary, ADNOC Gas Pipeline Assets, with lease rights to 38 pipelines. ADNOC will hold the majority stake of 51% and will retain ownership of the pipelines. It will also manage operations and remain responsible for capital expenditure.”

Published: June.24: 2020: https://t.co/9rWAjHUTPO

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#AceFinanceDesk ………………..McLaren has taken legal action to allow it to secure “urgent” refinancing before 17th July to address what it says is “severe and unexpected financial difficulty” BBC Sports reports

“The company blames #coronavirus for an “impending liquidity shortfall” which it says requires new funds to be injected “no later than 17 July”.”

Published: June.23: 2020: https://www.bbc.co.uk/sport/formula1/53142880

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#AceBusinessDesk ……….The former chief executive of Bord Gáis John Mullins, who is the executive c hair at renewables firm Amarenco, has said Ireland needs to build a liquified natural gas plant in Shannon t o secure the gas supply and reduce reliance on the UK for supply post-Brexit RTE report

“Mr Mullins, who is also the chairman of the Cork Port Company, told RTÉ’s Morning Ireland that without the LNG plant at Shannon, Ireland will have no indigenous source of gas once the Corrib supply depletes.”

Published: June.23: 2020: https://t.co/hWPDXXY2kd

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#AceFinanceDesk ………….The Bank of England’s Governor Andrew Bailey revealed the true im pact of the #coronavirus pandemic stating that the government would have struggled to finance the running of the country without help from the bank. In April the UK’s GDP contracted by 20.4% and the economy i s predicted to shrink by 14% this year @Sputnik

“Speaking to Sky News’ podcast “The World Tomorrow”, Bailey said that if the bank hadn’t stepped in during the market “meltdown” the UK government would have “struggled to fund itself” for the first time in history.”

Published: June.22: 2020: https://ift.tt/2Ypb3s7

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#AceMarketDesk ……………At the closing bell, the #Dow had soared by 829.16 points, the #S&P500 had jumped by 81.58 points, and the #Nasdaq Composite had spiked by 198.27 points: At its highest mark, the Dow reached 1,030 points in the green

“US stocks underwent quite the climb into green territory on Friday, with the Dow Jones Industrial Average Index surging over 800 points following the release of a strong jobs report that indicated American employers added 2.5 million jobs in May.”

Published: June.05: 2020: https://ift.tt/2BDUAav

Editor says #AceNewsDesk reports are provided at https://t.me/acenewsdaily and all our posts, links can be found at here Live Feeds https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#AceMarketsDesk …………. #Dow soars 829 points (3.1%) after US unexpectedly added 2.5M jobs last month: Jobless rate slips to 13.3%, far above pre-pandemic levels, but enough to reassure investors that bottom has been hit: #NASDAQ up 2% to reach all-time high, #S&P500 adds 2.6% according to CBCAlerts reports

#Dow soars 829 points (3.1%) after US unexpectedly added 2.5M jobs last month. Jobless rate slips to 13.3%, far above pre-pandemic levels, but enough to reassure investors that bottom has been hit. #NASDAQ up 2% to reach all-time high, #S&P500 adds 2.6%.

#AceBreakingNews report …., [Jun 5, 2020 at 22:02] https://t.co/uEjPissd8P http://twitter.com/CBCAlerts/status/1268999649857351680 June 05, 2020 at 09:14PM

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