newszine

Over 100 killed, millions displaced from floods in India, Nepal and Bangladesh

4 hours ago DieselGasoil Comments Off on Over 100 killed, millions displaced from floods in India, Nepal and Bangladesh
GUWAHATI, India/KATHMANDU, Nepal (Reuters) – Floods have forced more than four million people from their homes across India, Nepal and Bangladesh and killed more than 100 people as torrential rains in the initial days of monsoons wreaked havoc. Villagers use a makeshift raft to cross a flooded area on the outskirts of Agartala, India July Read More

Goldman banker highlights Morgan Stanley’s Hong Kong IPO woes

7 hours ago DieselGasoil Comments Off on Goldman banker highlights Morgan Stanley’s Hong Kong IPO woes
HONG KONG (Reuters) – A senior Goldman Sachs (GS.N) banker has highlighted to colleagues the role played by rival Morgan Stanley (MS.N) in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC’s $9.8 billion initial public offering, according to an internal email seen by Reuters. FILE PHOTO: A sign is displayed on Read More

On the menu soon: lab-grown steak for eco-conscious diners

8 hours ago DieselGasoil Comments Off on On the menu soon: lab-grown steak for eco-conscious diners
REHOVOT, Israel (Reuters) – Diners in some upmarket restaurants will soon be able to tuck into laboratory-grown steak, thanks to an Israeli startup that seeks to tap into consumer concerns about health, the environment and animal welfare. Employees work in a laboratory at Aleph Farms, an Israeli company producing lab-grown steak from cow cells, in Read More

Floods force millions to flee homes in India, Nepal and Bangladesh

10 hours ago DieselGasoil Comments Off on Floods force millions to flee homes in India, Nepal and Bangladesh
KATHMANDU/GUWAHATI, India (Reuters) – Floods have forced more than three million people from their homes across north and northeastern India, officials said on Monday, as the death toll in neighboring Nepal and low-lying Bangladesh rose to 76 after days of heavy monsoon rains. Villagers use a makeshift raft to cross a flooded area on the Read More

Bentley opens its biggest showroom in Ukraine, one of the poorest countries in Europe

11 hours ago DieselGasoil Comments Off on Bentley opens its biggest showroom in Ukraine, one of the poorest countries in Europe
British luxury car maker Bentley has announced the opening of a dealership in Ukraine’s capital Kyiv, calling it an important step towards strengthening its presence in Central Eastern Europe. The showroom area covers 1760 m² and is located close to Kyiv airport, offering customer sales and aftersales facilities. This includes the complete Bentley model range, Read More

Hold the beers: Budweiser APAC IPO hit by investor push-back

12 hours ago DieselGasoil Comments Off on Hold the beers: Budweiser APAC IPO hit by investor push-back
HONG KONG/NEW YORK/BRUSSELS (Reuters) – Scepticism over AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion – poised to be the world’s biggest this year – investors and bankers said, putting would-be floats on notice that careful pricing remains key to success. FILE PHOTO: Portfolio beer brands of Budweiser Brewing Company Read More

Hold the beers: Budweiser APAC IPO fail shows valuations face investor push-back

13 hours ago DieselGasoil Comments Off on Hold the beers: Budweiser APAC IPO fail shows valuations face investor push-back
HONG KONG/NEW YORK/LONDON/BRUSSELS (Reuters) – Reluctance to accept AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion – poised to be the world’s biggest this year – investors and bankers said, putting would-be floats on notice that careful pricing remains key to deal success. FILE PHOTO: Portfolio beer brands of Budweiser Read More

Analysis: Lower Qatari crude volumes may add to upward price momentum

14 hours ago DieselGasoil Comments Off on Analysis: Lower Qatari crude volumes may add to upward price momentum
A shorter-than-usual Qatari loading program for Al-Shaheen crude may contribute to the uptick in sour crude price differentials for physical cargoes trading this month, crude traders in Asia told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Al-Shaheen production is currently approximated to be Read More

Trade war damage as China growth slows to 27-year low

14 hours ago DieselGasoil Comments Off on Trade war damage as China growth slows to 27-year low
By James Sillars, business reporter China’s economic growth slowed to its weakest level since 1992 in the second quarter of the year – damaged by the country’s trade war with the US. Official figures released in Beijing showed an annual rate of growth of 6.2% between March and June. That represented a slowdown on the Read More

Analysis: Asian distillate refining margins receive boost from plant issues

16 hours ago DieselGasoil Comments Off on Analysis: Asian distillate refining margins receive boost from plant issues
Singapore — A recent slew of issues at refineries around the globe has provided a much-needed boost to Asian refining margins in July, improving overall regional fundamentals and opening arbitrage opportunities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The gasoline market, which has been grappling with a supply Read More