newszine

Oil set for biggest weekly gain since January after Saudi attack

2 days ago DieselGasoil Comments Off on Oil set for biggest weekly gain since January after Saudi attack
By Grant Smith on 9/20/2019 LONDON (Bloomberg) – Oil was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair a critical processing facility attacked last weekend. The world’s biggest crude exporter has vowed to restore its Abqaiq plant this month after Read More

Fed cuts rates again, gives mixed signals for next move

4 days ago DieselGasoil Comments Off on Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

‘Material evidence’ of Iran’s involvement in plant attack – Saudis

4 days ago DieselGasoil Comments Off on ‘Material evidence’ of Iran’s involvement in plant attack – Saudis
The Saudi government is preparing to present “material evidence” proving Iranian involvement in the weekend’s attack against two major Saudi oil production plants. At a news conference later in the capital Riyadh, a spokesman for the Saudi Defence Ministry will present Iranian weapons to substantiate claims that Iran was responsible for the attack. “(We will) Read More

U.S. worker, food-safety advocates sound alarm over new hog slaughter rules

5 days ago DieselGasoil Comments Off on U.S. worker, food-safety advocates sound alarm over new hog slaughter rules
CHICAGO (Reuters) – U.S. food safety and the health of plant workers will be at risk from new federal rules that allow meat companies to slaughter hogs as fast as they want and shift the role of government inspectors, food and environmental advocates said on Tuesday. FILE PHOTO: Workers cut pork at a slaughterhouse in Read More

Crude oil futures lower on producer assurances, bearish economic signs

6 days ago DieselGasoil Comments Off on Crude oil futures lower on producer assurances, bearish economic signs
Singapore — Crude oil prices tumbled in mid-morning trade in Asia Tuesday after global producers assured ample availability of oil reserves, allaying supply concerns arising from attacks on Saudi Arabia’s oil facilities, while fresh macroeconomic data weighed on sentiment. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:34 Read More

France, Germany blast Facebook’s Libra, back public cryptocurrency

1 week ago DieselGasoil Comments Off on France, Germany blast Facebook’s Libra, back public cryptocurrency
HELSINKI (Reuters) – France and Germany said on Friday that Facebook’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in Read More

Venezuela can’t find vessels to ship its oil as sanctions bite

1 week ago DieselGasoil Comments Off on Venezuela can’t find vessels to ship its oil as sanctions bite
By Lucia Kassai on 9/13/2019 HOUSTON (Bloomberg) – Exports of sanction-hit Venezuelan oil now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro. Shipowners are avoiding transporting Venezuelan oil for fear of being sanctioned and losing insurance coverage on their vessels, according to people Read More

Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE

2 weeks ago DieselGasoil Comments Off on Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE
LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) made a surprise $39 billion takeover approach for the London Stock Exchange (LSE.L) on Wednesday, aiming to sabotage the LSE’s acquisition of data company Refinitiv and create a global trading powerhouse. The unsolicited approach, a proposal contingent on the LSE ditching its $27 billion Refinitiv deal, Read More

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

2 weeks ago DieselGasoil Comments Off on Hong Kong Exchanges bids $39 billion to take over London Stock Exchange
LONDON (Reuters) – Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover bid for the London Stock Exchange (LSE.L), an offer contingent on the LSE ditching its acquisition of data company Refinitiv. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China Read More

Covia Closes the Sale of the Winchester and Western Railroad for $105 Million

2 weeks ago DieselGasoil Comments Off on Covia Closes the Sale of the Winchester and Western Railroad for $105 Million
INDEPENDENCE, Ohio, Sept. 11, 2019 (GLOBE NEWSWIRE) — Covia (NYSE:CVIA), a leading provider of mineral-based and material solutions for the Industrial and Energy markets, announced that effective today, it has closed on the sale of the Winchester and Western Railroad to an affiliate of OmniTRAX, Inc. (“OmniTRAX”). Gross proceeds are $105 million in cash, subject Read More