MEG said cash flow used in operations, or negative cash flow, rose to C $131 million from C $30 million as realized bitumen prices more than halved. MEG, whose key operations are in the Athabasca oil sands region of Alberta, said it was implementing a hedging program to increase the predictability of future cash flows. Bitumen production fell about 7 percent to... » Read More
Khoon Goh, Senior FX Strategist at ANZ, says data drives forex market at the end of the day, and countries with better data will see their currency appreciate.
Rajiv Biswas, Senior Director and Asia-Pacific Chief Economist at IHS Global Insight, talks about Bank Indonesia's policy stance and its fight for recent inflation.
Bill Smead, CEO & CIO at Smead Capital Management, explains why he doesn't like tech stocks in general as it is quite hard to guess who will hit the sweet spot in the future.
Jay Richards, Investment Manager at GTL Capital Management, talks about the broad picture of metals in commodity space. He also suggests that consumers are shifting to natural gas in alternative energy sector.
A decision by Southeast Asia's biggest bank to quit a year-long pursuit of Indonesia's Bank Danamon could deter other foreign banks from the banking sector.
Strategists say that the New Zealand dollar it is the one to watch amid talk that the country could be the first in the developed world to tighten monetary policy.
The Nikkei went on wild ride on Friday, falling sharply from a two-month peak as volatility returned to Japan's benchmark stock index just before the election on Sunday.
China's economic growth in the second quarter of the year may not have slowed as much as some had feared, but a large degree of uncertainty about the outlook for the world's second biggest economy remains, strategists say.
The re-assertion of softer global oil market fundamentals - highlighted by tepid growth, sluggish demand and well-stocked inventories - may break what many are calling an over-extended price rally.
Despite growing concerns that Australia is headed for a major downturn, economists say the "R" word doesn't mean recession, but rather a rebalancing of the economy that it needs.
China's battered stock market has taken another tumble this week – a sign perhaps that the country's investors are bracing for a faster-than-anticipated slowdown in the world's second largest economy.
Concerns abound over fund outflows from Asia’s emerging markets on the prospect of Fed QE tapering, but the Asian Development Bank (ADB) says it is seeing capital inflows.
Stocks and bonds have been hit hard in the past month by fears about when U.S. monetary stimulus will end and remain at risk of further heavy pummeling even if the Fed sheds light this week on its policies, analysts say.
Increasing tensions with North Korea, a strengthening won versus the yen and weak economic growth - things are not looking great for South Korean equities, the second worst performing stock market in Asia this year.
Jindong Hua, VP for Treasury at the International Finance Corporation, discusses his concern about the cross-border capital flow to the emerging markets, which has dropped by sixty percent from 2007 to 2012.
Bob Parker, senior adviser at Credit Suisse, tells CNBC that we are seeing another round of monetary easing that is underpinning markets.
The robust Australian dollar could actually get a whole lot stronger over the next two years, rising to as high as $1.30, but this is subject to strong gains in Asian equity markets.
Jim Walker, Founder and CEO, Asianomics sees a bleak outlook for the global economy in 2013, largely due to expectations for poor company earnings.
To get an idea of the companies that are holding the most cash, the CNBC analytics team looked at cash and short term investments held by S&P 500 companies. Here's the list.