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'No-one is breaking out the champagne': emerging markets investors treading carefully

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LONDON (Reuters) – After plowing billions into emerging market equities since October, investors have started to show signs of hesitation, but an uptick in earnings expectations should reassure those hoping to capitalize on stronger economic growth in the emerging world. FILE PHOTO: A man is seen in front of an electronic board showing stock information Read More

BMW plans to cut costs after warning on profits

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MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs. The German carmaker last week reported a 7.9 percent fall in 2018 operating profit and said Read More

EU keeps piling on fines on Google, slapping tech giant $1.7bn for blocking rivals' ads

33 mins ago DieselGasoil Comments Off on EU keeps piling on fines on Google, slapping tech giant $1.7bn for blocking rivals' ads
Google has been hit with a €1.5 billion ($1.7 billion) fine by the European Union. The sanction marks the third antitrust penalty against the Big Tech firm in less than three years. The European Commission (EC) accused the California-based company of abusing its dominant position by banning third-party rivals from displaying search ads and favoring Read More

North American Construction Group Ltd. Announces Completion of $55 Million Offering of 5.00% Convertible Unsecured Subordinated Debentures

3 hours ago DieselGasoil Comments Off on North American Construction Group Ltd. Announces Completion of $55 Million Offering of 5.00% Convertible Unsecured Subordinated Debentures
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S. ACHESON, Alberta, March 20, 2019 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or the “Company”) (TSX/NYSE: NOA) is pleased to announce the closing of its previously announced offering (the “Offering”) of 5.00% convertible unsecured subordinated debentures of the Company (the “Debentures”) Read More

BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros

3 hours ago DieselGasoil Comments Off on BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros
MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year, it said on Wednesday as it announced a sweeping 12 billion euro ($13.6 bln) savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More

Wall Street set for muted open as investors await Fed outlook

3 hours ago DieselGasoil Comments Off on Wall Street set for muted open as investors await Fed outlook
(Reuters) – Wall Street’s main indexes were set to eke out gains at open on Wednesday, as investors cautiously waited for more clarity on the Federal Reserve’s monetary policy outlook for the year, while trade worries still lingered. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

BP explores buying solar energy to power operations in the U.S.

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By Brian Eckhouse and Kelly Gilblom on 3/20/2019 SAN DIEGO and LONDON (Bloomberg) — BP may become the next oil giant to power operations with clean energy. The London-based company is in talks with a solar developer it partially owns, Lightsource BP, to buy power in the U.S., according to executives at the renewable company. Read More

Google fined $1.7 billion for search ad blocks in third EU sanction

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European Competition Commissioner Margrethe Vestager talks to the media at the European Commission headquarters in Brussels, Belgium March 20, 2019. REUTERS/Yves Herman BRUSSELS (Reuters) – Google was fined 1.49 billion euros ($1.7 billion) on Wednesday for blocking rival online search advertisers, the third large European Union antitrust penalty for the Alphabet business in two only Read More

Pork for pollution? South Koreans fight smog with grease

10 hours ago DieselGasoil Comments Off on Pork for pollution? South Koreans fight smog with grease
SEOUL (Reuters) – Whenever dust particles hang thick in the air in South Korea, sales of pork rise. An employee roasts pork at a Korean BBQ restaurant in Seoul, South Korea, March 13, 2019. Picture taken on March 13, 2019. REUTERS/Jane Chung This quirky correlation in Asia’s fourth-largest economy, where air pollution outstrips industrialized peers, Read More