The Parents Leave Their 1-yr Old With Babysitter. When They See Him The Next Day, Their Hearts Stop

This shouldn’t have happened! Read it till the end #3 Parents Night Out Every couple deserves some time-alone for themselves! Even after having babies, it is important to go on date-nights to rekindle the love for each other. But what if your absence proves to be disastrous for your lovely kid?! Something similar happened to their babies when they planned …

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Southeast Asia/far east jackup rig market update

State of the market The newbuild supply overhang in Asia-Pacific continued to ease over the month of May. Shelf Drilling firmed up a three-year contract for one of the two newbuilds it acquired earlier this year from China Merchants Heavy Industry (CMHI) shipyard, Shelf Drilling Achiever, which will see the unit mobilise imminently to the Middle East for the job. …

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UK employee numbers fall at fastest rate for eight years as hiring trend wanes

Wage growth hits 11-year high amid lowest jobless rate since 1974 and record employment But employee numbers fall at steepest rate since 2011 and job vacancies fall Survey data signal further weakening of job market in June The official UK labour market data once again brought positive news at the headline level, with record numbers of people in employment, the …

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Bank of Korea cuts policy rate in July amid growing external risks

The Bank of Korea lowers the Base Rate from 1.75% to 1.50% US-China trade dispute and Japan’s export restrictions impacted Korean exports Weaker growth momentum and mild inflation, as indicated by PMI surveys, support case for monetary easing The Monetary Policy Board of the Bank of Korea (BOK) voted to cut interest rates by 25 basis points at the July …

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Hydrogen as an Energy Carrier: Can China accelerate the path down the learning curve?

On 18 July 2019, IHS Markit held the first workshop for the “Hydrogen the Enabler: Meeting China’s Energy Challenge?” multi-client study. The workshop focuses on the current hydrogen market development in China, current and future production costs of hydrogen from gasification, reforming, electrolysis, and pyrolysis, and different options of hydrogen transportation such as pipelines, compressed tube trailers, or cryogenic trucks. …

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US manufacturing flirts with recession despite output rising in June

Manufacturing output rises in June but falls over second quarter as a whole Second successive quarterly drop in production matches the signal from PMI surveys Survey data suggest weak order book growth could limit manufacturing growth in third quarter US manufacturing output rose 0.4% in June, its biggest monthly gain since December, but the rise failed to prevent the sector …

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The Vaca Muerta Play: Gaining competitive economics through operational efficiencies

Argentina’s Vaca Muerta formation is viewed as Latin America’s most promising area for the development of unconventional oil and gas resources. An analog often quoted for the Vaca Muerta is the prolific Eagle Ford formation in the United States of America (USA). The Vaca Muerta formation has seen clear benefits from the lessons learned up north in the USA. Active …

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Week Ahead Economic Preview: Week of 22 July 2019

Flash PMI surveys for the US, Eurozone, Japan and Australia US second quarter GDP and earnings season ECB policy meeting Brexit in spotlight with new UK Prime Minister Special reports on EU convergence and Japan-South Korea trade tensions Second quarter US GDP numbers are expected to add to signs that economic growth has slowed sharply for many economies after a …

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Sudan coup attempt

The spokesperson of Sudan’s ruling Transitional Military Council (TMC) stated that the army had foiled a coup attempt on 11 July, arresting 12 army officers, four soldiers, and an unspecified number of intelligence service officers. The report emerged after the TMC and the civilian opposition Alliance for Freedom and Change (AFC) had reached an agreement on 5 July to form …

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Venezuela’s oil output collapse will intensify erratic approach to investors

Venezuela’s political crisis remains in stalemate. Escalating oil-sector sanctions imposed by the United States have contributed to massive declines in crude oil production, but the collapse of Venezuela’s petroleum industry has not resulted in a political shift. President Nicolás Maduro appears to maintain full control of Venezuela’s political, economic, and military apparatus nearly six months after Juan Guaidó, the president …

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Crude Oil Trade: Limited optimism for Mexican crude oil shipments

Mexico has been liquifying some of its oil assets, but instead of deep-water blocks, it has mainly been oil fields closer to shore. This has been quite disappointing for companies interested in the country. Shell, Petronas, Total and Repsol have been some of the first companies to bid, but President López Obrador has been making it clear that there will …

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Hydrogen fuel cells vie for the future

The rise of electric vehicles and their projected impact on demand for fuels has been sufficient to cause concern in the oil and gas industry, with low- or no-emission vehicles making inroads in both consumer and commercial markets. To date, electric vehicles have been nearly synonymous with battery-powered vehicles, specifically lithium-ion batteries. Battery electric vehicles (BEVs) have shown aggressive growth …

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Securities Finance Q2 Review

Securities Finance Q2 Review $2.59bn in global Q2 securities lending revenues IPOs boost US equity lending revenues Decline in fixed income revenues, particularly UST and USD credit Global securities lending revenues for Q2 2019 came in at $2.59bn, 10% below the average Q2 revenue for the last three years. The largest contributor to the revenue shortfall was European equities, however …

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Eurozone economic growth falters as manufacturing downturn deepens

Flash Eurozone PMI loses ground to hit three-month low in July Growth reliant on service sector as manufacturing downturn deepens Jobs growth lowest for 34 months Prices rise at slowest rate since 2016 The eurozone economy relapsed in July, with the PMI giving up the gains seen in May and June to signal one of the weakest expansions seen over …

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US Flash PMI points to weak start to third quarter amid worsening factory malaise

Flash composite PMI™ at 51.6 in July, points to weak growth persisting into third quarter Manufacturing output falls at fastest rate since August 2009 Jobs growth weakest in over two years as future optimism down to new survey low Selling prices barely rise PMI in ‘dovish’ territory ahead of FOMC meeting Flash PMI survey data indicated that the US economy …

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