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Stock Market & Financial Investment News

News Breaks
March 4, 2014
07:32 EDTSNPSinopec sets aggressive savings goal, targets lower crude prices, Reuters says
China's Sinopec, which has previously tried to rein in crude costs, now has a more aggressive plan that aims for cost-savings of nearly $1.5B a year by buying crude oil at a lower price starting from April, according to Reuters, citing trade sources. Sinopec has asked its trading arm, Unipec, to target a purchase price of $1 per barrel discount to the weighted average of benchmark crude Brent, Dubai and WTI on free-on-board basis, the report noted. Reference Link
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September 16, 2014
09:59 EDTSNPOn The Fly: Analyst Downgrade Summary
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07:50 EDTSNPSinopec downgraded to Market Perform from Outperform at Bernstein
Bernstein downgraded Sinopec as the firm was disappointed by the price the company received for its Marketing Co subsidiary. The firm also thinks that Sinopec's decision to acquire the petrochemical assets of Yizheng Company is misguided.
September 15, 2014
09:59 EDTSNPOn The Fly: Analyst Upgrade Summary
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09:24 EDTSNPSinopec upgraded to Hold from Underperform at Jefferies
September 14, 2014
21:37 EDTSNPSinopec sells RMB107B stake in Marketing Co subsidiary
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