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Rising global growth fears pull down Wall Street

8 hours ago DieselGasoil Comments Off on Rising global growth fears pull down Wall Street
(Reuters) – U.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid Weak monthly retail sales Read More

Protesters besiege Hungarian parliament, clash with police over ‘slave law’ (VIDEOS)

22 hours ago DieselGasoil Comments Off on Protesters besiege Hungarian parliament, clash with police over ‘slave law’ (VIDEOS)
A controversial labor bill dubbed the ‘slave law’ has sparked an angry public response in Hungary. Protesters have clashed with police outside the parliament as thousands staged a massive rally in Budapest. Thousands of people marched through the Hungarian capital on Wednesday, in an attempt to discourage lawmakers from approving a controversial amendment to the Read More

Japan may be taking sides with US in trade war against China, halts purchases of Huawei & ZTE tech

4 days ago DieselGasoil Comments Off on Japan may be taking sides with US in trade war against China, halts purchases of Huawei & ZTE tech
Tokyo has announced plans to halt government purchases of Huawei and ZTE network equipment, citing security issues. The claims come amid a brewing diplomatic row over the Huawei CEO detained by Canada at Washington’s request. Japanese central government ministries and the Self-Defense Forces have reportedly received procurement guidelines that effectively ban the offices from buying Read More

International Petroleum Corp. and BlackPearl Resources Inc. Receive Securityholder Approval for Strategic Business Combination

1 week ago DieselGasoil Comments Off on International Petroleum Corp. and BlackPearl Resources Inc. Receive Securityholder Approval for Strategic Business Combination
TORONTO, Dec. 07, 2018 (GLOBE NEWSWIRE) — International Petroleum Corp. (“IPC“) (TSX, Nasdaq Stockholm: IPCO) and BlackPearl Resources Inc. (“BlackPearl“) (TSX: PXX, Nasdaq Stockholm: PXXS) are pleased to announce that earlier today the securityholders of IPC and BlackPearl approved the previously announced strategic business combination of IPC and BlackPearl by way of a plan of Read More

India to boost energy cooperation with Russia amid US moves against Iran – official

1 week ago DieselGasoil Comments Off on India to boost energy cooperation with Russia amid US moves against Iran – official
New Delhi is planning to expand Indian partnership with Russia in the energy sector, according to India’s ambassador to Russia, Bala Venkatesh Varma. The decision reportedly comes amid the latest US sanctions against Iran, among other reasons. “We are planning to extend our energy cooperation with Russia,” the ambassador said in an interview with RIA Read More

Maduro defends Venezuela’s right to sell gold amid US sanctions push

2 weeks ago DieselGasoil Comments Off on Maduro defends Venezuela’s right to sell gold amid US sanctions push
Venezuelan President Nicolas Maduro insists that national gold exports should continue despite sweeping US sanctions targeting the industry. It comes after the UK refused to release around $550 million in gold owned by Caracas. “Venezuela has the right to sell what it produces. We are moving forward with the plan on gold output as the Read More

Moelis hires from BlackRock, hedge fund for activist defense team

2 weeks ago DieselGasoil Comments Off on Moelis hires from BlackRock, hedge fund for activist defense team
(Reuters) – Investment bank Moelis & Co said on Monday it has hired an executive from the world’s largest index fund manager, BlackRock Inc, as well as a hedge fund professional, for its team advising companies facing activist shareholders. Ted Moon, who had been a principal at Will Mesdag’s hedge fund Red Mountain Capital Partners, Read More

Berlin says crisis in Ukraine & Nord Stream 2 pipeline are two separate issues

2 weeks ago DieselGasoil Comments Off on Berlin says crisis in Ukraine & Nord Stream 2 pipeline are two separate issues
The Russian-led gas pipeline project Nord Stream 2, which is aimed at delivering Russian gas to Europe via Germany, must be completed, according to the German Federal Minister for Economic Affairs and Energy Peter Altmaier. The minister says the conflict between Russia and Ukraine has nothing to do with the project. “These are two different Read More

Powell backs rate hikes; says financial risks contained

2 weeks ago DieselGasoil Comments Off on Powell backs rate hikes; says financial risks contained
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell appeared to signal a nearer end to the U.S. central bank’s interest-rate hikes on Wednesday, saying interest rates are now “just below” estimates of neutral less than two months after saying rates were probably “a long way” from that point. FILE PHOTO: U.S. Federal Reserve Chairman Read More

Surf legend McNamara to clean up ocean that gave him fame

2 weeks ago DieselGasoil Comments Off on Surf legend McNamara to clean up ocean that gave him fame
LISBON (Reuters) – Big wave surfer Garrett McNamara has launched a campaign to fight plastic pollution in the seas in an effort to “give back” to the ocean that gave him fame. FILE PHOTO: Big-wave surfer Garrett McNamara applies sun protection cream before a surf session at Praia do Norte in Nazare, Portugal January 29, Read More