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FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

5 hours ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More

Investors turn heat on Big Oil ahead of U.N. climate summit

5 hours ago DieselGasoil Comments Off on Investors turn heat on Big Oil ahead of U.N. climate summit
LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change. FILE PHOTO: Vapor is released into the sky at a refinery in Wilmington, California March 24, 2012. REUTERS/Bret Read More

Trump to bar California from setting vehicle emission rules: sources

7 hours ago DieselGasoil Comments Off on Trump to bar California from setting vehicle emission rules: sources
WASHINGTON (Reuters) – The Trump administration will announce as early as Wednesday it is revoking California’s authority to set its own greenhouse gas and vehicle fuel efficiency standards and barring all states from setting such rules, two auto industry officials said on Tuesday. FILE PHOTO: Reacquired Volkswagen and Audi diesel (gasoil) cars sit in a Read More

Trump to bar California from setting vehicle emissions rules: sources

9 hours ago DieselGasoil Comments Off on Trump to bar California from setting vehicle emissions rules: sources
WASHINGTON (Reuters) – The Trump administration will announce as early as Wednesday it is revoking California’s authority to set its own vehicle greenhouse gas standards and blocking states from setting tailpipe emission rules — a move that will spark a furious legal challenge, two auto industry officials said on Tuesday. FILE PHOTO: Reacquired Volkswagen and Read More

AB InBev braves Hong Kong turmoil with second Asia IPO attempt

14 hours ago DieselGasoil Comments Off on AB InBev braves Hong Kong turmoil with second Asia IPO attempt
HONG KONG (Reuters) – Anheuser-Busch InBev NV (ABI.BR) will brave jittery Hong Kong markets in a second attempt to spin off its Asian business on Wednesday, aiming to raise up to $6.6 billion in what could be the world’s second largest IPO this year. The brewing giant, which in July tried to raise up to Read More

Divided Fed set to cut interest rates this week, but then what?

15 hours ago DieselGasoil Comments Off on Divided Fed set to cut interest rates this week, but then what?
SAN FRANCISCO (Reuters) – Deep disagreements within the Federal Reserve over the economic outlook and how the U.S. central bank should respond will not stop policymakers from cutting interest rates at a two-day meeting that begins on Tuesday. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Read More

Chipotle adds new menu item nationwide, first time in three years

16 hours ago DieselGasoil Comments Off on Chipotle adds new menu item nationwide, first time in three years
FILE PHOTO: The logo of Chipotle Mexican Grill is seen at the Chipotle Next Kitchen in Manhattan, New York, U.S., June 28, 2018. REUTERS/Shannon Stapleton (Reuters) – Chipotle Mexican Grill Inc (CMG.N) said on Tuesday it would add a new item to its menu nationwide for the first time in three years, as the Mexican Read More

AB Inbev launches second Asia IPO attempt, targets up to $6.6 billion

18 hours ago DieselGasoil Comments Off on AB Inbev launches second Asia IPO attempt, targets up to $6.6 billion
HONG KONG (Reuters) – Anheuser-Busch InBev NV (ABI.BR) will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an IPO worth up to $6.6 billion that could be the world’s second largest flotation this year. FILE PHOTO: The logo of Anheuser-Busch InBev is pictured Read More

U.S. value fund managers betting shift to value stocks won’t last

23 hours ago DieselGasoil Comments Off on U.S. value fund managers betting shift to value stocks won’t last
NEW YORK (Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid Read More

FAA chief to meet with Boeing officials, test 737 MAX simulator

1 day ago DieselGasoil Comments Off on FAA chief to meet with Boeing officials, test 737 MAX simulator
WASHINGTON (Reuters) – New Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to Seattle this week to fly “newly configured” Boeing 737 MAX software in a simulator and will visit with Boeing (BA.N) officials, the agency said Monday. FILE PHOTO: A Boeing 737 MAX aircraft is seen grounded at a storage area in Read More