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Lego family, Blackstone take Merlin private in $7.5 billion deal

2 months ago DieselGasoil Comments Off on Lego family, Blackstone take Merlin private in $7.5 billion deal
LONDON/COPENHAGEN (Reuters) – Lego’s founding family and private equity firm Blackstone (BX.N) are taking Britain’s Merlin (MERL.L) private again in an agreed deal valuing the Madame Tussauds and Legoland owner at $7.5 billion. The world’s second-largest operator of visitor attractions after Disney (DIS.N) said on Friday the deal would give it greater scope for “significant, Read More

Third Point tells United Technologies that it opposes Raytheon merger

2 months ago DieselGasoil Comments Off on Third Point tells United Technologies that it opposes Raytheon merger
BOSTON (Reuters) – Billionaire investor Daniel Loeb said on Friday that his hedge fund Third Point LLC will vote against the planned merger of United Technologies Corp (UTX.N) and Raytheon Co (RTN.N), saying there is no “strategic rationale for this transaction.” FILE PHOTO: Daniel S. Loeb, founder of Third Point LLC, participates in a panel Read More

Feature: War-torn Somalia looks to rekindle quest for oil

2 months ago DieselGasoil Comments Off on Feature: War-torn Somalia looks to rekindle quest for oil
London — Somalia’s coastline, the longest in mainland Africa, has long been on the list of basins that oil explorers would like to exploit, but the instability and lack of security caused by three decades of civil war in the East African country has proved a deterrent to most. Not registered? Receive daily email alerts, Read More

Five years after crude’s collapse, shale patch still struggles

2 months ago DieselGasoil Comments Off on Five years after crude’s collapse, shale patch still struggles
By Rachel Adams-Heard on 6/28/2019 HOUSTON (Bloomberg) — It’s been five years since crude started a precipitous drop that eventually saw it hit a low of $26/bbl. While prices have recovered some of the lost ground, shale producers are still feeling the pain. Oil’s 76% collapse from almost $108/bbl in June 2014 was the worst Read More

OPEC keen to extend cut, Russia is cautious

2 months ago DieselGasoil Comments Off on OPEC keen to extend cut, Russia is cautious
By Christopher Sell on 6/28/2019 LONDON (Bloomberg) –For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” according to Saudi Arabia’s Energy Minister Khalid Al-Falih, Monday’s gathering in Vienna could be as closely watched as any during the three-year coalition. The Organization of Petroleum Exporting Countries and Read More

Deutsche lifted by Fed stress test pass in boost to Wall Street operation

2 months ago DieselGasoil Comments Off on Deutsche lifted by Fed stress test pass in boost to Wall Street operation
WASHINGTON/NEW YORK (Reuters) – Deutsche Bank’s (DBKGn.DE) shares rose by as much as 4.8% on Friday after Germany’s biggest bank passed an annual health check by the U.S. Federal Reserve, in a boost to its beleaguered Wall Street operations. But the Federal Reserve placed conditions on the U.S. operations of Credit Suisse (CSGN.S) (CS.N) after Read More

Saudi Arabia’s hometown ambitions could clip wealth fund’s wings

2 months ago DieselGasoil Comments Off on Saudi Arabia’s hometown ambitions could clip wealth fund’s wings
RIYADH (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said. FILE PHOTO: Participants look at a sign of the Future Investment Initiative during the Read More

Trump, Abe reaffirm Japan-US coordination on security challenges on Iran

2 months ago DieselGasoil Comments Off on Trump, Abe reaffirm Japan-US coordination on security challenges on Iran
Highlights Ship attacks pose maritime security concerns Trump discusses with Indian PM on Iran Tokyo — US President Donald Trump and Japanese Prime Minister Shinzo Abe reaffirmed their commitment Friday to the US-Japan coordination on shared security challenges including on Iran, the White House said, just days after the US president called on Japan to Read More