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Magnificent seven: Top-notch Russian aircraft that may land in India’s shopping cart soon

6 hours ago DieselGasoil Comments Off on Magnificent seven: Top-notch Russian aircraft that may land in India’s shopping cart soon
From the newest Su-35 fighter jet to the promising MS-21 airliner, Russia has much to offer New Delhi at India’s largest airshow where the sky’s the limit for firms plying their wares. Dozens of countries are showing off their best aviation technologies at the Aero India 2019 show which takes place in Bangalore. Russia’s exhibition Read More

Philadelphia sues seven big banks, alleges municipal bond collusion

21 hours ago DieselGasoil Comments Off on Philadelphia sues seven big banks, alleges municipal bond collusion
NEW YORK (Reuters) – The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking Read More

US sanctions help India become No.1 buyer of Venezuelan crude

3 days ago DieselGasoil Comments Off on US sanctions help India become No.1 buyer of Venezuelan crude
Imports of Venezuela’s oil by India surged 66 percent in the first half of February to 620,000 barrels a day. The country boosted its purchases from the Latin American nation after US stopped shipments from Caracas. Indian refiners Reliance Industries and Nayara Energy were driving the import boost. Venezuela has sent its oil minister, Manuel Read More

Venezuelan oil finds home in India as U.S. shuns shipments

4 days ago DieselGasoil Comments Off on Venezuelan oil finds home in India as U.S. shuns shipments
By Lucia Kassai on 2/18/2019 Photo: Marine Traffic. HOUSTON (Bloomberg) — India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation. While flows to the U.S. came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of Read More

Starboard gauges Bristol-Myers shareholder support for Celgene deal

6 days ago DieselGasoil Comments Off on Starboard gauges Bristol-Myers shareholder support for Celgene deal
(Reuters) – Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker’s $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday. FILE PHOTO: Jeff Smith, CEO and chief investment officer of Starboard Read More

Harvest Oil & Gas Announces Divestiture of San Juan Basin Assets and Sale of Magnolia Oil & Gas Corporation Shares

1 week ago DieselGasoil Comments Off on Harvest Oil & Gas Announces Divestiture of San Juan Basin Assets and Sale of Magnolia Oil & Gas Corporation Shares
HOUSTON, Feb. 14, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced that it has entered into a definitive agreement to sell all of its interests in the San Juan Basin in New Mexico and Colorado to an undisclosed buyer for $42.8 million (subject to purchase price Read More

Airbus to scrap A380 superjumbo production as sales slump

1 week ago DieselGasoil Comments Off on Airbus to scrap A380 superjumbo production as sales slump
TOULOUSE, France (Reuters) – Europe’s Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner. The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary Read More

Airbus to scrap production of A380 superjumbo

1 week ago DieselGasoil Comments Off on Airbus to scrap production of A380 superjumbo
TOULOUSE, France (Reuters) – Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales. FILE PHOTO: The damaged right-hand wing-tip of the Airbus A380, the world’s largest jetliner with a wingspan of almost Read More

Searchlight Capital offers up to $133 million for control in Bezeq Tel

1 week ago DieselGasoil Comments Off on Searchlight Capital offers up to $133 million for control in Bezeq Tel
JERUSALEM (Reuters) – U.S. private investment firm Searchlight Capital Partners has offered up to 485 million shekels ($133.3 million) for a controlling stake in the parent of Bezeq Israel Telecom, according to a regulatory filing. Internet Gold has been searching for a buyer for its majority stake in B Communications since mid-2018 under pressure from Read More