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Germany’s Scholz: We cannot accept parallel currencies such as Facebook’s Libra

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BERLIN (Reuters) – German Finance Minister Olaf Scholz said on Tuesday policymakers could not accept the emergence of parallel currencies such as Facebook’s (FB.O) planned Libra, adding that Berlin would reject any such plans. Facebook’s planned Libra is the most well-known of the stablecoins, a certain form of cryptocurrency backed by assets such as traditional Read More

Tech investors: No broad lessons seen in WeWork valuation drama

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NEW YORK (Reuters) – Two top technology investors cautioned against drawing broadconclusions about the valuation of private companies from questions swirling around U.S. office-sharing startup WeWork. FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo Scott Kupor, Read More

Hydrostor Announces Close of US$37 Million Growth Financing

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TORONTO, Sept. 19, 2019 (GLOBE NEWSWIRE) — Hydrostor, a leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, announced today the closing of US$37 million (C$49 million) in growth financing. RBC Capital Markets acted as Hydrostor’s advisor on the transaction. Meridiam, the global developer, asset and fund manager specializing in sustainable infrastructure and energy Read More

Smart Charge Hawai’i Program to Make EV Charging Stations Available to Residents and Businesses

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The partnership between Enel X, Elemental Excelerator, and Hawaiian Electric Companies aims to showcase EVs’ ability to deliver grid services and integrate renewable energy on Oʻahu, Maui, and Hawai’i Island Through the support of Elemental Excelerator, JuiceBox smart chargers will be offered free for the first 300 EV drivers and 50 businesses to participate in Read More

Petrofac sells remaining 51% of Mexican operations

11 hours ago DieselGasoil Comments Off on Petrofac sells remaining 51% of Mexican operations
9/19/2019 LONDON – Petrofac has signed an agreement to sell its remaining 51% interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco International. The terms of the transaction are substantially the same as the sale of a 49% non-controlling interest to Perenco in October 2018. The transaction is subject to regulatory Read More

Rosehill Resources Inc. Provides Operational Update

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HOUSTON, Sept. 19, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today provided an operational update for recent activity as well as expected production for the quarter ending September 30, 2019. Highlights Placed onto production nine wells in the Northern Delaware area and four wells in the Southern Read More

U.N. climate summit to test world’s resolve to halt warming

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WASHINGTON/BRUSSELS (Reuters) – After a summer of wildfires, heat waves and hurricanes, United Nations Secretary-General Antonio Guterres says he is banking on new pledges from governments and businesses to abandon fossil fuels during a special climate summit in New York on Monday. Former U.S. President Barack Obama fist bumps Greta Thunberg during a meeting at Read More

Exxon puts $15 billion of global assets up for sale

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By James Thornhill on 9/19/2019 SYDNEY (Bloomberg) –Exxon Mobil Corp. is again trying to sell its oil and gas operations in southeast Australia as part of a move to shed assets and boost shareholder returns. The U.S. supermajor “will be testing market interest” for global assets, including what it operates in Australia, the company said Read More

As Amazon burns, 230 big investors call on firms to protect world’s rainforests

23 hours ago DieselGasoil Comments Off on As Amazon burns, 230 big investors call on firms to protect world’s rainforests
RIO DE JANEIRO (Reuters) – With widespread fires wreaking havoc on the Amazon, over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world’s largest tropical rainforest. FILE PHOTO: A burning tree is seen during a fire in an area of Read More

U.S. bankers seize on repo-market stress to push for softer liquidity rules

1 day ago DieselGasoil Comments Off on U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Read More