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Huawei says impact of U.S. trade restrictions less than feared

2 hours ago DieselGasoil Comments Off on Huawei says impact of U.S. trade restrictions less than feared
People visit a newly opened Huawei store in Xian, Shaanxi province, China August 22, 2019. REUTERS/Stringer HONG KONG (Reuters) – Chinese smartphone maker Huawei Technologies said on Friday its business has been less impacted by U.S. trade restrictions than the company had initially feared and it is “fully prepared” to live and work with U.S. Read More

Major toy maker Hasbro to buy out ‘Peppa Pig’ owner eOne for $4 billion

2 hours ago DieselGasoil Comments Off on Major toy maker Hasbro to buy out ‘Peppa Pig’ owner eOne for $4 billion
Top American toy maker Hasbro has announced a deal to acquire the owner of popular children’s series “Peppa Pig” Entertainment One (eOne) for approximately £3.3 billion (US$4 billion). The share price of Canadian studio eOne, which trades on the London Stock Exchange, surged more than 30 percent on Friday, less than 24 hours after the Read More

Bang & Olufsen would listen if approached by buyer: chairman

5 hours ago DieselGasoil Comments Off on Bang & Olufsen would listen if approached by buyer: chairman
COPENHAGEN (Reuters) – Luxury TV and speaker maker Bang & Olufsen (BO.CO) would listen if approached by a buyer, chairman Ole Andersen told newspaper Borsen, following three earnings warnings this year. FILE PHOTO – The logo of consumer electronics company Bang & Olufsen is seen at a shop in Vienna, Austria, July 7, 2016. REUTERS/Heinz-Peter Read More

Crude oil futures steady amid US rig count dip, growth concerns

9 hours ago DieselGasoil Comments Off on Crude oil futures steady amid US rig count dip, growth concerns
Singapore — Crude oil futures were steady during mid-morning trade in Asia Friday amid a decline reported in US oil rig count data and ongoing global demand and growth-related concerns. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:15 am in Singapore (0215 GMT), ICE Brent October futures Read More

Markets doubt Fed’s ability to defend economy, spur inflation

14 hours ago DieselGasoil Comments Off on Markets doubt Fed’s ability to defend economy, spur inflation
JACKSON HOLE, Wyo. (Reuters) – The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations. FILE PHOTO: Federal Reserve Chairman Jerome Powell (R) speaks with New York Fed President John Williams and Kansas City Fed President Read More

SAExploration Appoints Industry Veteran Michael Faust as Interim President in Addition to Role as Executive Chairman of the Board

15 hours ago DieselGasoil Comments Off on SAExploration Appoints Industry Veteran Michael Faust as Interim President in Addition to Role as Executive Chairman of the Board
HOUSTON, Aug. 22, 2019 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced the appointment of industry veteran Michael Faust as interim President of the Company with immediate effect. Additionally, as previously disclosed, Mr. Faust has assumed the role of Executive Chairman of the Board of Directors of SAExploration. Mr. Faust brings Read More

Guggenheim’s Scott Minerd warns world bond markets are in a ‘bubble’

15 hours ago DieselGasoil Comments Off on Guggenheim’s Scott Minerd warns world bond markets are in a ‘bubble’
(Reuters) – The bond market is in a “bubble,” particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to head off a recession by cutting interest rates will ultimately prove futile. FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Read More

Oil slides as weak US manufacturing PMI spurs demand growth concerns

16 hours ago DieselGasoil Comments Off on Oil slides as weak US manufacturing PMI spurs demand growth concerns
New York — Oil futures settled lower Thursday as demand concerns took center stage amid weaker US economic data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX October WTI settled down 33 cents at $55.35/b and ICE October Brent was down 38 cents at $59.92/b at market close. Read More

LAGCOE introduces Energy Innovators Pitch Challenge for 2019 event

16 hours ago DieselGasoil Comments Off on LAGCOE introduces Energy Innovators Pitch Challenge for 2019 event
8/22/2019 LAFAYETTE, LA – LAGCOE leadership is proud to host the fourth Energy Innovators Pitch Challenge at the 2019 Technical Exposition and Conference, scheduled for October 9-11 at the Ernest N. Morial Convention Center in New Orleans. In partnership with The Idea Village and sponsored by Shell Game Changer, this event will connect the best Read More

S&P 500 stalls as U.S. employment, manufacturing data offset

17 hours ago DieselGasoil Comments Off on S&P 500 stalls as U.S. employment, manufacturing data offset
NEW YORK (Reuters) – The benchmark S&P 500 struggled for direction on Thursday as strong results from Nordstrom Inc (JWN.N) and a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity. Stocks initially rose at the market open as shares of Nordstrom jumped after the department store’s quarterly profit beat Read More