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Ford Motor puts $500 million into electric pickup producer Rivian

22 hours ago DieselGasoil Comments Off on Ford Motor puts $500 million into electric pickup producer Rivian
(Reuters) – Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc (TSLA.O). FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric Read More

U.S. to end all waivers on Iran oil imports, crude price jumps

3 days ago DieselGasoil Comments Off on U.S. to end all waivers on Iran oil imports, crude price jumps
WASHINGTON (Reuters) – The United States demanded a cut off of Iranian oil exports to major importers like China and India who had been granted exemptions from sanctions, sending crude prices to six-month highs on fears the U.S. action could lead to a supply crunch. Secretary of State Mike Pompeo, in a briefing on Monday, Read More

New North American trade deal would boost U.S. economy, U.S. commission finds

1 week ago DieselGasoil Comments Off on New North American trade deal would boost U.S. economy, U.S. commission finds
FILE PHOTO: U.S. President Donald Trump, Canada’s Prime Minister Justin Trudeau and Mexico’s President Enrique Pena Nieto sign documents during the USMCA signing ceremony before the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Kevin Lamarque/File Photo (Reuters) – The U.S. International Trade Commission estimated the proposed new North American free trade deal Read More

Schlumberger posts profit drop, sees international spending rising

1 week ago DieselGasoil Comments Off on Schlumberger posts profit drop, sees international spending rising
(Reuters) – Oilfield services provider Schlumberger NV on Thursday forecast rising international and offshore exploration spending this year, after posting a 20 percent drop in first-quarter profit due to weak North American demand. FILE PHOTO: The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson The oilfield services Read More

All roads lead to China: 17 Arab countries join Beijing’s new Silk Road

1 week ago DieselGasoil Comments Off on All roads lead to China: 17 Arab countries join Beijing’s new Silk Road
Beijing has inked cooperation deals on its multi-trillion-dollar Belt and Road Initiative (BRI) with 17 Arab countries, state-run Xinhua News Agency reported, citing the results of a joint Sino-Arab forum. The second China-Arab Forum on Reform and Development, which was held in Shanghai on Tuesday, attracted more than a hundred businessmen, politicians, and academics from Read More

Endangered New Zealand Kakapo population boosted by record number of chicks

1 week ago DieselGasoil Comments Off on Endangered New Zealand Kakapo population boosted by record number of chicks
WELLINGTON (Reuters) – A record number of endangered flightless Kakapo birds have hatched during New Zealand’s unusually long 2019 breeding season, dramatically boosting the numbers of the rare native parrot. Kakapo parrot chicks are seen in this undated social media photo obtained April 18, 2019, in an undisclosed location in New Zealand. DEPARTMENT OF CONSERVATION Read More

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

1 week 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

Russia becoming a leading world food supplier – Agriculture Ministry

1 week ago DieselGasoil Comments Off on Russia becoming a leading world food supplier – Agriculture Ministry
Russia will soon become one of the world’s 10 leading exporters of agricultural products in the near future, according to Agriculture Minister Dmitry Patrushev. “The current dynamics of foreign trade suggests that in the medium term Russia is able to enter the list of the world’s top ten exporters of agricultural goods,” he said, adding Read More

Stocks approach new highs on positive earnings, economic data

1 week ago DieselGasoil Comments Off on Stocks approach new highs on positive earnings, economic data
NEW YORK (Reuters) – Stocks around the globe rose on Tuesday to six-month highs after U.S. healthcare companies posted strong earnings and data provided reassurance about economic sentiment in Germany. Wall Street’s S&P 500 edged higher after Johnson & Johnson beat quarterly profit estimates and raised its sales growth forecast for the year. UnitedHealth Group Read More