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EnerMech has been acquired by The Carlyle Group, announces new leadership

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12/18/2018 Photo: Doug Duguid, CEO of EnerMech. ABERDEEN — EnerMech has confirmed the conclusion of its sale to The Carlyle Group and announced the formation of the group’s board of directors. EnerMech announced in October that it had signed definitive agreements to be acquired by NASDAQ listed alternative asset manager The Carlyle Group for an Read More

Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund

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Malaysia filed criminal charges against Goldman Sachs and two ex-bankers over the multi-billion dollar looting of state fund, 1MDB. The US bank denies the accusation, claiming it was deceived by the previous Malaysian government. The subsidiaries of the Wall Street banking giant and its former key employees, ex-chairman of Goldman’s South East Asia, Tim Leissner, Read More

Trump pressures Fed before meeting, warns against 'another mistake'

7 hours ago DieselGasoil Comments Off on Trump pressures Fed before meeting, warns against 'another mistake'
FILE PHOTO: U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve, speaks at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday further sought to pressure the Federal Reserve as the central bank Read More

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

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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

Huawei to spend $2 billion over five years in cybersecurity push

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HONG KONG (Reuters) – Huawei Technologies on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear.The typically secretive Chinese technology giant made the comments at one of Read More

Nissan CEO plans one-on-one meeting with Renault boss in Amsterdam: sources

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TOKYO/PARIS (Reuters) – Nissan Motor’s (7201.T) CEO plans to meet one-on-one with the deputy CEO of automaking partner Renault (RENA.PA) in Amsterdam this week, sources told Reuters, amid tensions over the future of the alliance after Chairman Carlos Ghosn’s arrest last month. FILE PHOTO: Carlos Ghosn, former CEO of the Renault-Nissan Alliance arrives to a Read More

Nissan CEO calls on Renault to listen to detail of Ghosn allegations

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YOKOHAMA (Reuters) – Nissan Motor’s CEO called on directors at alliance partner Renault to heed its reasons for sacking former Chairman Carlos Ghosn over alleged financial misconduct amid tensions over how to handle the fallout from his arrest. Renault’s interim chairman Philippe Lagayette said on Friday that its board had not considered replacing Ghosn, who Read More

Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base, the Purchase of Its $60 Million Term Loan and Provides Operational Update

1 day ago DieselGasoil Comments Off on Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base, the Purchase of Its $60 Million Term Loan and Provides Operational Update
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility (the “Credit Facility”), and has confirmed the borrowing base remains at $7 million. Other than Read More

Laredo Petroleum Announces Appointment of Frances Powell Hawes to Board of Directors

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TULSA, OK, Dec. 17, 2018 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced the appointment of Frances Powell Hawes to the Company’s Board of Directors (the “Board”). Ms. Powell Hawes’ appointment as an independent director and membership on the Board’s Audit and Nominating and Corporate Governance committees is effective Read More

Hedge fund moves at short end of U.S. curve show Fed cuts not too far away: McGeever

1 day ago DieselGasoil Comments Off on Hedge fund moves at short end of U.S. curve show Fed cuts not too far away: McGeever
LONDON (Reuters) – The Federal Reserve will raise interest rates later this week and probably again early next year, but that will be the end of tightening cycle and it won’t be long before rate cuts are on the table. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. Read More