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Brazil’s Pre-salt Exclusive Economic Zone discussion postponed for 2020

23 hours ago DieselGasoil Comments Off on Brazil’s Pre-salt Exclusive Economic Zone discussion postponed for 2020
4/17/2019 HOUSTON — The government postponed for next year the discussion on the definition of exploratory oil and gas blocks in a promising pre-salt area located beyond the limits of the Exclusive Economic Zone (EEZ), 200 nautical mi off the Brazilian coast. The issue will not be discussed at a meeting of the National Energy Read More

U.S. labor market remains tight, economy continues to grow: Fed Beige Book

1 day ago DieselGasoil Comments Off on U.S. labor market remains tight, economy continues to grow: Fed Beige Book
WASHINGTON, (Reuters) – Labor markets remained tight across the United States as businesses struggled to find skilled workers and wages grew modestly, the Federal Reserve said on Wednesday in its latest report on the economy. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Read More

ABB seeks new chief executive after Spiesshofer’s surprise departure

2 days ago DieselGasoil Comments Off on ABB seeks new chief executive after Spiesshofer’s surprise departure
ZURICH (Reuters) – ABB Chief Executive Ulrich Spiesshofer has quit the Swiss engineering group in a surprise move for a company which is in the midst of a strategic overhaul to focus more on digital industries. FILE PHOTO: Ulrich Spiesshofer addresses ABB’s annual news conference in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann/File Photo Chairman Read More

China’s JD.com boss criticizes ‘slackers’ as company makes cuts

4 days ago DieselGasoil Comments Off on China’s JD.com boss criticizes ‘slackers’ as company makes cuts
SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry’s grueling overtime work culture, lamenting that years of growth had increased the number of “slackers” in his firm who are not his “brothers.” FILE PHOTO: Richard Liu, CEO and founder Read More

China’s JD.com boss criticizes ‘slackers’ as company makes cuts

5 days ago DieselGasoil Comments Off on China’s JD.com boss criticizes ‘slackers’ as company makes cuts
SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry’s grueling overtime work culture, lamenting that years of growth had increased the number of “slackers” in his firm who are not his “brothers.” FILE PHOTO: Richard Liu, CEO and founder Read More

Uber unveils IPO with warning it may never make a profit

7 days ago DieselGasoil Comments Off on Uber unveils IPO with warning it may never make a profit
NEW YORK (Reuters) – Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed Read More

Brazil to pay Petrobras $9 billion in oil contract settlement

1 week ago DieselGasoil Comments Off on Brazil to pay Petrobras $9 billion in oil contract settlement
By Mario Sergio Lima and Sabrina Valle on 4/10/2019 RIO DE JANEIRO (Bloomberg) — Brazilian oil giant Petrobras will get $9.06 billion to settle a deepwater contract dispute with the government, ending years of negotiations and paving the way for the majors to access enormous crude deposits in the area. Energy Minister Bento Albuquerque told Read More

U.S. judge defers ruling on PG&E $350 million bonus plan

1 week ago DieselGasoil Comments Off on U.S. judge defers ruling on PG&E $350 million bonus plan
SAN FRANCISCO (Reuters) – A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&E Corp plan to pay up to $350 million in bonuses to 10,000 employees, saying he wants more details from the California power producer that is facing bankruptcy following last year’s wildfires. FILE PHOTO: PG&E crew work Read More

U.S. judge defers hearing on PG&E $350 million bonus plan

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FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage SAN FRANCISCO (Reuters) – A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve or reject a motion by PG&E Corp to pay up to $350 million Read More

France vows to cap golden parachutes after outgoing Airbus CEO gets €37 million

2 weeks ago DieselGasoil Comments Off on France vows to cap golden parachutes after outgoing Airbus CEO gets €37 million
The exit pay for big bosses should be limited to 30 percent of the salary, French Finance Minister Bruno Le Maire said as he criticized the “excessive” multimillion departure check for outgoing Airbus executive Tom Enders. The 60-year-old chief executive of the European aerospace giant, in which France owns an 11 percent stake, is set Read More