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Huawei shipments could fall by up to a quarter this year: analysts

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HONG KONG/SHANGHAI (Reuters) – China’s Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Workers are seen near the booth of Huawei Technologies Co under construction at the venue of China International Read More

India stops purchases of Iranian oil as US waivers expire – envoy

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One of Iran’s key energy partners, India, has stopped importing oil from the Islamic Republic after the US waivers allowing the country to bypass sanctions expired earlier this month. That’s according to India’s Ambassador to the US, Harsh Vardhan Shringla, who said the country will comply with the US sanctions on Tehran. “We do understand Read More

Gran Tierra Energy Inc. Announces Closing of $300 Million 7.750% Senior Notes Offering

18 hours ago DieselGasoil Comments Off on Gran Tierra Energy Inc. Announces Closing of $300 Million 7.750% Senior Notes Offering
CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has completed its previously announced offering of $300 million aggregate principal amount of 7.750% Senior Notes due 2027 (the “Notes”) in a private placement to qualified institutional buyers in the United States pursuant to Rule Read More

Investor group to place $10 billion bet on East Med gas

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By Yaacov Benmeleh on 5/23/2019 TEL AVIV (Bloomberg) — A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock hundreds of billions of dollars of sales stymied by the political and industrial complexities of the region. Cynergy Group, an investment firm based in Cyprus, Read More

Google’s Ad Exchange faces privacy probe by Irish regulator

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The Irish Data Protection Commission (DPC) has started an inquiry into the way that Google provides advertising services across the European Union. The watchdog is investigating whether the use of personal data to target online advertising is compliant with European privacy rules. The search giant’s Ad Exchange system is used by companies to target people Read More

Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries

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SINGAPORE/MANILA (Reuters) – Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services. A Huawei company logo is seen at Huawei’s Shanghai Research Center in Shanghai, China May 22, 2019. Read More

Tesla drops for sixth straight session, down 20% since share offer

2 days ago DieselGasoil Comments Off on Tesla drops for sixth straight session, down 20% since share offer
FILE PHOTO: CEO of Tesla Motors Elon Musk poses during a television interview after his company’s initial public offering at the NASDAQ market in New York, June 29, 2010. REUTERS/Brendan McDermid/File Photo SAN FRANCISCO (Reuters) – Shares of Tesla fell for a sixth straight session on Wednesday after Citi cut its price target on the Read More

Vitol exec sees China as main buyer for dirty Russian oil cargoes

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London — Oil traders and refiners with cargoes of contaminated Russian oil may be forced to find buyers for the unwanted shipments in China or Japan where the corrosive crude can be blended with large volumes of government-controlled strategic crude stocks, Vitol director Mike Muller said Wednesday. Not registered? Receive daily email alerts, subscriber notes Read More

Aramco enters U.S. shale gas business with Sempra LNG deal

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By Anthony DiPaola on 5/22/2019 DUBAI (Bloomberg) — Saudi Aramco agreed to a buy a stake in Sempra Energy’s Texas LNG export terminal, giving the world’s biggest oil exporter a foothold in the fast-growing global gas trade. The proposed deal, which also includes an agreement to buy gas from the plant, would mark Aramco’s first Read More

Exclusive: Walmart to make first direct pitch to big corporate ad buyers at New York event

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WASHINGTON (Reuters) – Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world’s largest retailer aims to rev up its website and stores as a platform for other companies to reach customers. FILE PHOTO: Walmart’s logo is Read More