Items filtered by date: Wednesday, 09 January 2019
"The new Leaf is a solid second effort from Nissan. However, there remains one glaring fault with the Leaf, and it's the range. At 151 miles, it's certainly a major improvement over the outgoing model. But range anxiety is still a problem, and anything less than 200 miles on a single charge is no longer competitive."
 
The original Nissan Leaf launched back in 2010, and in the years since, it has become one of the most popular EVs in history, with more than 380,000 cars sold.
 
But with long-range EVs such as the 238-mile Chevrolet Bolt and the 310-mile Tesla Model 3, the 151-mile second-generation Leaf is no longer at the forefront of the industry.
Enter the Leaf e+ and its 363km of range.
 
To achieve this, Nissan replaced the current 40 kWh battery with a much larger 62 kWh pack. In addition, the existing 147 horsepower, 110 kW electric motor has been swapped out for a 160 kW unit that produces 215 horsepower and 250 pounds-feet of torque. According to Nissan, this results in a 13% improvement in the Leaf's 50 mph to 75 mph acceleration time.
 
In addition to a new drivetrain, the Leaf e+ will get the latest in Nissan's ProPilot Assist semi-autonomous assistance technology.
The 2019 Nissan Leaf e+ will go on sale in Japan this month.
 
Nissan has not yet announced pricing for the Leaf e+. The Leaf is currently selling for around R500,000 in South Africa. 
 
 
Source: Business Insider
Published in Business
Wednesday, 09 January 2019 16:02

Oil rises 1% on U.S., China trade talk optimism

Oil prices rose by around 1 per cent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy.
 
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $50.42 per barrel at 0752 GMT, up 64 cents, or 1.3 per cent, from their last settlement.
 
That marked the first time this year that WTI has topped $50 a barrel.
 
International Brent crude futures LCOc1 were up 69 cents, or 1.2 per cent, at $59.41 per barrel.
 
Both crude price benchmarks had already gained more than 2 per cent in the previous session.
 
“Crude continues to extend gains as early reports from Beijing, regarding trade negotiations, are fuelling optimism around successful trade talks between the U.S. and China,’’ said Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Singapore.
 
“After a dreadful December for risk markets, crude oil continues to catch a positive vibe,’’ Innes said.
 
The oil price jumps were in line with Asian stock markets, which climbed to 3-1/2 week highs on Wednesday.
 
Trade talks in Beijing between the world’s two biggest economies entered the third day on Wednesday, amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased U.S. access to China’s markets.
 
State newspaper China Daily said on Wednesday that Beijing is keen to put an end to its trade dispute with the United States, but that it will not make any “unreasonable concessions” and that any agreement must involve compromise on both sides.
 
If no deal is reached by March 2, Trump has said he will proceed with raising tariffs to 25 per cent from 10 per cent on $200 billion worth of Chinese imports at a time when China’s economy is slowing significantly.
 
Citing the trade tensions, the World Bank expects global economic growth to slow to 2.9 per cent in 2019 from three per cent in 2018.
 
“At the beginning of 2018 the global economy was firing on all cylinders, but it lost speed during the year and the ride could get even bumpier in the year ahead,’’ World Bank Chief Executive Officer, Kristalina Georgieva, said in a semi-annual report released late on Tuesday.
 
More fundamentally, however, oil prices have been receiving support from supply cuts started at the end of 2018 by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC) as well as a non-OPEC member, Russia.
 
The OPEC-led cuts are aimed at reining in an emerging supply overhang, in part because U.S. crude oil output (C-OUT-T-EIA) surged by around two million barrels per day (bpd) in 2018, to a record 11.7 million bpd.
 
Official U.S. fuel storage data from the Energy Information Administration (EIA) is due at 1800 GMT on Wednesday.
 
 
 
Source: The Reuters
Published in Business

The Nigerian stock market on Tuesday continued its negative trend as investors lost N135.8 billion at the end of trading on the floor of the Nigerian Stock Exchange (NSE).

This followed decline in the share prices of major banks in the country, with banking index dipping by 3.6 percent in sustained losses for the fourth straight trading sessions.

The market capitalisation of equities listed on the NSE dropped from N11.336 trillion on Monday to N11.200 trillion on Tuesday, while the All-Share Index declined by 1.20 per cent from 30,400.28 basis points on Monday to 30,036.15 bps on Tuesday. The year-to-date loss worsened to -4.4 per cent.

Also the level of activity weakened as volume traded declined by 20.1 per cent to 216.248 million units and value traded fell to N2.669 billion, lower by 2.8 per cent.

The top traded stocks by volume were Zenith Bank (32.4 million units), Transnational Corporation of Nigeria (26.4 million units) and GTB (18.7 million units), while Zenith Bank (N840.9m), GTB (N608m) and Dangote Cement Plc (N596.5bn) were the top traded stocks by value.

Again, sectoral index closed in the negative as four closed in the red.

The banking index shed the most, losing 3.6 per cent following sell-offs in GTB and UBA, while the insurance index followed with a loss of 3.3 per cent as a result of the price depreciation recorded by NEM Insurance Plc and Wapic Insurance.

The oil and gas index lost 1.4 per cent on the back of losses in Oando Plc and Forte Oil Plc, while the consumer goods index depreciated by 0.5 per cent as Flour Mills of Nigeria Plc and International Breweries Plc recorded major share price depreciation.

The industrial goods index however emerged as the lone gainer, with a 0.5 per cent increase following gains in Lafarge Africa Plc and Cement Company of Northern Nigeria Plc.

Investor sentiment improved as market breadth inched up to 0.5x, against 0.4x recorded on Monday.

Fourteen stocks recorded gains while 27 stocks that declined.

John Holt Plc, Okomu Oil Palm Plc, Union Bank Nigeria Plc, Lafarge Africa and Honeywell Flour Mill Plc, which saw price gains of 9.09 per cent, 7.93 per cent, 3.45 per cent, 3.08 per cent and 2.70 per cent, respectively to lead as best performing stocks.

On the other hand, the worst-performing stocks on Tuesday were NEM Insurance, Northern Nigeria Flour Mills Plc, Wapic Insurance, Unity Bank Plc and Learn Africa Plc, which saw their respective share prices decline by 9.40 per cent, 9.38 per cent, 9.09 per cent, nine per cent and 8.82 per cent.


Source: The Ripples

Published in Bank & Finance
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