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Citigroup profit beats estimates on gains in consumer lending

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(Reuters) – Citigroup Inc (C.N) beat analysts’ estimates for quarterly profit on Monday, as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business. A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Read More

enCore Energy Comments on a Memorandum from President Trump Regarding the U.S. Nuclear Fuel Cycle

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VANCOUVER, British Columbia, July 15, 2019 (GLOBE NEWSWIRE) — enCore Energy Corp. (TSX.V: EU) (the “Company“) has reviewed a memorandum (the “Memo”) from President Trump in response to an investigation on the current levels of U.S. uranium imports and a request from two petitioners to implement a quota system on the basis of section 232 Read More

Kværner ASA: Second quarter and half-year results 2019 – Results according to plan, positioning for several new contracts in progress

4 days ago DieselGasoil Comments Off on Kværner ASA: Second quarter and half-year results 2019 – Results according to plan, positioning for several new contracts in progress
12 July, 2019 – Kvaerner’s second quarter and half-year result are in line with the financial targets for 2019. The EBITDA result for the Field Development segment was NOK 132 million in the second quarter compared to NOK 118 million in the same quarter last year. The corresponding EBITDA margin was 6.9 percent in the Read More

Property speculators hope for investment paradise in southwest China

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XISHUANGBANNA, China (Reuters) – A bus came to a halt amid a tropical rainforest not far from China’s border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow. Villas of real estate property “Viva Villa” developed by Ping An Real Estate are seen under construction in Xishuangbanna Dai Read More

Aramco awards $18 billion in deals to boost capacity, despite OPEC pledge to restrict output

6 days ago DieselGasoil Comments Off on Aramco awards $18 billion in deals to boost capacity, despite OPEC pledge to restrict output
By Anthony DiPaola on 7/9/2019 DUBAI (Bloomberg) — Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production. Saudi Arabia’s state oil company will add a combined 550,000 bpd of crude-production capacity at its Read More

Richard Branson’s Virgin Galactic to launch IPO by end of the year

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(Reuters) – British billionaire Richard Branson’s Virgin Galactic plans a stock market listing by the end of the year, becoming the first space tourism firm to tap public markets for funding. The move will give Branson’s venture the much-needed capital in the race to space against rivals such as Jeff Bezos’ Blue Origin and Elon Read More

U.S. says its producers harmed by some structural steel imports

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FILE PHOTO: A worker walks past rolls of steel wires at a factory in Nantong, Jiangsu province, China July 3, 2018. REUTERS/Stringer WASHINGTON (Reuters) – The U.S. government on Monday said domestic producers were being harmed by imports of fabricated structural steel from China and Mexico, and that it would instruct the customs agency to Read More

Nestle Waters teams up with Ocean Legacy for plastic waste cleanup

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PARIS (Reuters) – Nestle’s (NESN.S) bottled water division Nestle Waters, owner of Perrier and Vittel, said it would team up with Canada’s Ocean Legacy Foundation to help to clean up plastic pollution. Consumer goods companies, such as Nestle, are under pressure to do more to reduce the waste their business generates as consumers become increasingly Read More