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Musk's SpaceX to raise $500 million in funding: WSJ

11 mins ago DieselGasoil Comments Off on Musk's SpaceX to raise $500 million in funding: WSJ
FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the SpaceX Hyperloop Pod Competition II in Hawthorne, California, U.S., August 27, 2017. REUTERS/Mike Blake (Reuters) – Elon Musk’s rocket company SpaceX Corp is set to raise $500 million at a $30.5 billion valuation, the Wall Street Journal Read More

Tech stocks, upbeat earnings boost Wall Street; Fed in focus

11 mins ago DieselGasoil Comments Off on Tech stocks, upbeat earnings boost Wall Street; Fed in focus
(Reuters) – Wall Street rose on Tuesday, helped by technology stocks, upbeat earnings reports and a rebound in few bellwether stocks, while investors awaited clues on the Federal Reserve’s path for future rate hikes. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid Read More

China inks deals with Shell, majors as Xi signals open trade

3 hours ago DieselGasoil Comments Off on China inks deals with Shell, majors as Xi signals open trade
By Bloomberg News on 12/18/2018 HONG KONG and BEIJING (Bloomberg) — China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.  China National Offshore Oil said in Beijing on Tuesday that it had Read More

Gemini Midstream Announces New Partnership Focused on Providing Transport Solution for East Texas Haynesville Development

3 hours ago DieselGasoil Comments Off on Gemini Midstream Announces New Partnership Focused on Providing Transport Solution for East Texas Haynesville Development
HOUSTON, Dec. 18, 2018 (GLOBE NEWSWIRE) — Gemini Midstream Holdings, LLC and its affiliates (“Gemini” or the “Company”) today announced the development of the Gemini Carthage Pipeline, a new natural gas system in Harrison and Panola Counties, Texas, capable of delivering in excess of 1.2 billion cubic feet per day of high pressure, dry natural Read More

Futures climb heading into Fed meeting

3 hours ago DieselGasoil Comments Off on Futures climb heading into Fed meeting
(Reuters) – U.S. stock index futures climbed on Tuesday, following a rocky start to the week, as investors focus on a two-day meeting where the Federal Reserve is expected to raise interest rates for the fourth time this year and signal the path of future rate hikes. Traders work on the floor of the New Read More

UBS says Asia's wealthy trade less, cut debt as politics shift

5 hours ago DieselGasoil Comments Off on UBS says Asia's wealthy trade less, cut debt as politics shift
ZURICH (Reuters) – Wealthy Asian investors are trading less, worried that trade tensions are tilting the global balance of power, Martin Blessing, co-head of wealth management at UBS (UBSG.S), said. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 29, 2017. Picture taken on March 29, Read More

Italy's UniCredit settles dispute with Caius

7 hours ago DieselGasoil Comments Off on Italy's UniCredit settles dispute with Caius
Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini MILAN (Reuters) – British hedge fund Caius has made a payment to UniCredit (CRDI.MI) to settle a dispute over complex financial instruments which Italy’s biggest bank counts toward its core capital, the two companies said. Caius had Read More

EU’s ‘toothless’ response to creation of Kosovo army risks worsening the crisis – Moscow

12 hours ago DieselGasoil Comments Off on EU’s ‘toothless’ response to creation of Kosovo army risks worsening the crisis – Moscow
The creation of Kosovo’s own 5,000-strong army is a threat to peace and security in a turbulent region and may lead to a new escalation, Russia’s UN envoy has warned, calling the EU’s lackluster response irresponsible. Speaking at the UN Security Council emergency meeting on Kosovo, Russia’s ambassador to the UN Vassily Nebenzia said that Read More

Brit arrested over cannabis oil in Bali could face death penalty

15 hours ago DieselGasoil Comments Off on Brit arrested over cannabis oil in Bali could face death penalty
A British man arrested in Bali for allegedly smuggling cannabis oil has admitted he has been “very stupid” as he could face the death penalty. Pip Holmes, understood to be a 45-year-old artist from Cornwall, was one of five foreigners paraded at a news conference in Denpasar, the capital of Bali province last week. The Read More

Exxon becomes Permian drill chief to combat falling oil output

17 hours ago DieselGasoil Comments Off on Exxon becomes Permian drill chief to combat falling oil output
By Kevin Crowley on 12/17/2018 Photo: Pump jack. HOUSTON (Bloomberg) — Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale. Even after a slow start in the region of West Texas Read More