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Thursday, January 24, 2013

Sabine Pass Liquefaction to offer $1B in debt for LNG train construction

http://www.bizjournals.com/houston/news/2013/01/23/sabine-pass-liquefaction-to-offer-1.html

Sabine Pass Liquefaction to offer $1B in debt for LNG train construction

Collin Eaton

Sabine Pass Liquefaction LLC will soon offer $1 billion in senior secured notes due 2021, Houston-based natural gas distributor Cheniere Energy Partners LP (NYSE MKT: CQP) said in a statement.

Interest Rates Will Spike This Year: Soros

http://www.cnbc.com/id/100401701

Interest Rates Will Spike This Year: Soros

Published: Thursday, 24 Jan 2013 | 4:34 PM ET
By: Justin Menza

There will be a dramatic rise in interest rates as soon as there are clear signs the U.S. economy is picking up, billionaire financier George Soros told CNBC.

Dow Chemical CEO: Energy Growth a 'Game Changer'

Dow Chemical CEO: Energy Growth a 'Game Changer'

Published: Thursday, 24 Jan 2013 | 12:12 PM ET
By: Javier E. David | Special to CNBC.com

The U.S. energy complex including the growth of natural-gas drilling is "a game changer" that could easily contribute to global economic growth and job opportunities, Dow Chemical CEO Andrew Liveris told CNBC on Thursday.

http://www.cnbc.com/id/100405183

Asia Chart Alert: China: Labour market tightens further in Q4

Economics Research | Asia Ex-Japan
24 January 2013

Asia Chart Alert: China: Labour market tightens further in Q4

It reinforces our view that inflation will rise to over 4% y-o-y in H2.

Fig. 1: China’s labour demand/supply ratio and CPI inflation


Manufacturers are Blocking the Free Flow of LNG

http://www.energybiz.com/

Manufacturers are Blocking the Free Flow of LNG

Ken Silverstein | Jan 23, 2013

Capitalism’s invisible hand has some interference when it comes to exporting liquefied natural gas. The producers of that super-cooled fuel want to ship their product overseas but manufacturers remain defiant and are blocking their path.

Tesco considers closing Home Plus stores

http://www.retail-week.com/

Tesco considers closing Home Plus stores
23 January, 2012 | By Alex Lawson

Tesco is set to exit its standalone furnishing stores after poor sales led it to review its estate.

The grocery giant is keen to exit leases on all of its 13 Home Plus stores and has been looking at options with property advisor Morgan Williams, according to The Times.

Land Securities Eyes Recovery in London Office Market

January 23, 2013, 6:20 a.m. ET
Land Securities Eyes Recovery in London Office Market

By PETER EVANS

LONDON—Land Securities Group PLC on Wednesday said the London office market is showing signs of revival, as the company announced several new lettings on a 36-storey office tower it is building in the capital.

http://online.wsj.com/article/SB10001424127887323539804578259320372774536.html

Tesco completes £26.3m Derby sale and lease back

http://www.insidermedia.com/insider/midlands/83443-tesco-completes-263m-derby-sale-and-lease-back

Tesco completes £26.3m Derby sale and lease back

Tesco has completed the sale and lease back of a 57,000 sq ft supermarket in Mickleover in Derby. AXA Real Estate Investment Managers has acquired the site for £26.3m.

Wednesday, January 23, 2013

Eco Analysis - France: No sign of sentiment up according to INSEE (M. martinez)

Eco Analysis - France: No sign of sentiment up according to INSEE (M. martinez)

The most observed component of the INSEE survey, the business climate index in the industrial sector fell from 89 to 86. As it improves slightly in the service sector, the business climate index for the whole economy was stable at 87. This is a low level (1.3 standard deviations below average) which points at best to stalled activity in the near term. We have the long held view that INSEE surveys help generally improve accurate forecasts of GDP growth in the near term (our econometric model has a solid R²=0.93). The main reason is that the INSEE surveys are completed on a broad basis (4,000 of companies). The January surveys' results do not change our forecast at -0.1%qoq in Q4 12 and Q1 13, but we believe risks are tilted to the downside. Bottom line: the government 2013 GDP growth forecast of 0.8% looks increasingly unlikely after such a weak start to 2013 (SG forecast for 2013 is zero growth). Hence, we believe that the government would be obliged to make a further budgetary adjustment to achieve the public deficit target (3.0% of GDP). The government could instead opt for a minor fiscal slippage. We believe that the government will not confront such a choice before March 2013, once final 2012 GDP and fiscal figures will be known.

Eco Analysis - UK in or out? (B. Hilliard)

Eco Analysis - UK in or out? (B. Hilliard)

UK PM Cameron delivered his “Europe” speech in London and committed to holding a referendum on Britain's future in the EU if a Conservative government is re-elected in May 2015. The issue is thus set to remain theoretical for a while, but uncertainty can have a negative impact on investment flows into UK in the meantime. On the data side in Europe, French industrial confidence surprised on the downside in January as internal and external demand ebbed. Hence, in contrast with the German Zew survey, hopes that the improved market sentiment paves the way for more positive hard data in the euro area will be disappointed (at least in France in the short term).