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Germany’s Scholz: We cannot accept parallel currencies such as Facebook’s Libra

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BERLIN (Reuters) – German Finance Minister Olaf Scholz said on Tuesday policymakers could not accept the emergence of parallel currencies such as Facebook’s (FB.O) planned Libra, adding that Berlin would reject any such plans. Facebook’s planned Libra is the most well-known of the stablecoins, a certain form of cryptocurrency backed by assets such as traditional Read More

Greenfields Petroleum Corporation Announces Extension of Senior Debt Payment

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HOUSTON, Sept. 18, 2019 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces the execution of a deferral letter with its senior debt lender, Vitol Energy (Bermuda) Ltd. (“Vitol”), to defer payments in the aggregate of $14.3 million (including restructuring fee-$1.4m) Read More

Fed cuts rates again, gives mixed signals for next move

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NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

Instant view: Fed cuts rates again, gives mixed signals for next move

1 day ago DieselGasoil Comments Off on Instant view: Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

From oil shocks to funding strains, Fed confronts new complexities

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WASHINGTON (Reuters) – The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own. Despite divisions about whether a Read More

Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks

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ZURICH/LONDON (Reuters) – Facebook’s (FB.O) attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such “stablecoins” posed serious risks. FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at Read More

No need yet to abandon German balanced budget over climate plan: finance minister

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BERLIN (Reuters) – The German government has other potential options for funding a planned climate package before it need consider sacrificing its “black zero” balanced-budget policy, Finance Minister Olaf Scholz said on Monday. German Finance Minister Olaf Scholz talks to media before the informal meeting of ministers for economic and financial affairs (ECOFIN) and Eurogroup Read More

Harvest Oil & Gas Completes Divestitures of Barnett Shale and Mid-Continent Assets, Announces Planned New Credit Facility and Initiation of Strategic Review Process

3 days ago DieselGasoil Comments Off on Harvest Oil & Gas Completes Divestitures of Barnett Shale and Mid-Continent Assets, Announces Planned New Credit Facility and Initiation of Strategic Review Process
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced that it has completed the previously announced sales of Barnett Shale assets and certain Mid-Continent area assets located in the Anadarko Basin and SCOOP/STACK. In addition, the Company plans to enter into a new credit Read More

German Finance Minister sees no need yet to abandon balanced budget over climate plan

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German Finance Minister Olaf Scholz talks to media before the informal meeting of ministers for economic and financial affairs (ECOFIN) and Eurogroup in Helsinki, Finland, 13 September 2019. Lehtikuva/Martti Kainulainen via REUTERS BERLIN (Reuters) – The German government has enough other options to consider for funding a planned climate package before it needs to discuss Read More

Fed trades ‘remarkably positive’ for ‘no precedents’ after volatile year

4 days ago DieselGasoil Comments Off on Fed trades ‘remarkably positive’ for ‘no precedents’ after volatile year
WASHINGTON (Reuters) – A year ago, U.S. Federal Reserve Chair Jerome Powell held a “remarkably positive outlook” for an economy enjoying a “historically rare” combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August Read More