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Alibaba beats revenue expectations on cloud boost

5 days ago DieselGasoil Comments Off on Alibaba beats revenue expectations on cloud boost
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd beat fourth-quarter revenue forecasts on Wednesday, thanks to growth in its core business and its diversification into cloud computing and other services. A man stands near the logo of Alibaba Group at the company’s newly-launched office in Kuala Lumpur, Malaysia June 18, 2018. REUTERS/Lai Seng Read More

Russia boosting gold & dumping dollar from foreign currency reserves

5 days ago DieselGasoil Comments Off on Russia boosting gold & dumping dollar from foreign currency reserves
The Central Bank of Russia reports that foreign exchange reserves saw a significant boost of nearly $3.3 billion in April as the country pursues a policy of increasing its forex funds and diversifying them away from the US dollar. The latest growth of 0.7 percent brought Russian international reserve funds to nearly $492 billion against Read More

No easy options for China as trade war, U.S. pressure bite

5 days ago DieselGasoil Comments Off on No easy options for China as trade war, U.S. pressure bite
BEIJING (Reuters) – China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, Read More

Depression risk could derail your retirement portfolio

6 days ago DieselGasoil Comments Off on Depression risk could derail your retirement portfolio
NEW YORK (Reuters) – Retirement savings can suffer from interest rate moves, market volatility and other financial risks, but depression can be just as damaging. FILE PHOTO: FILE PHOTO: A couple sit on the beach and look out to sea on the August bank holiday weekend in Worthing, Britain, August 26, 2017. REUTERS/Russell Boyce/File Photo/File Read More

India not rushing to buy extra Saudi oil to offset lost Iranian supply

6 days ago DieselGasoil Comments Off on India not rushing to buy extra Saudi oil to offset lost Iranian supply
Just one Indian refiner has agreed to buy additional crude oil supply from Saudi Arabia to compensate for the loss of Iranian barrels, as India’s firms have been looking for months to diversify their crude sources. Mangalore Refinery and Petrochemicals (MRPL) is the only Indian refiner out of four state-held companies that had bought Iranian Read More

Court battle looms over controversial Nord Stream 2 pipeline

2 weeks ago DieselGasoil Comments Off on Court battle looms over controversial Nord Stream 2 pipeline
By Ewa Krukowska on 5/8/2019 BRUSSELS (Bloomberg) — The fate of the controversial Nord Stream 2 pipeline carrying Russian natural gas to Germany is likely to be decided in a courtroom. The project will next week seek assurances from the European Union that it won’t become subject to the bloc’s revised gas market requirements, which Read More

Interoil acquires petroleum concessions in Argentina

3 weeks ago DieselGasoil Comments Off on Interoil acquires petroleum concessions in Argentina
Oslo, 29 April – Interoil Exploration and Production ASA (“Interoil”) is pleased to announce that it has entered into an agreement to acquire majority interests in one exploration and two production concessions in Argentina for a total consideration of USD 13 million. The acquisition price is payable in new Interoil shares plus cash.  Recoverable conventional Read More

Thousand ton twist: Gold buying frenzy by global central banks to push bullion prices higher

1 month ago DieselGasoil Comments Off on Thousand ton twist: Gold buying frenzy by global central banks to push bullion prices higher
Gold prices could reach $1,400 per ounce in 2019 due to the US Federal Reserve’s less aggressive stance on interest rates, bullion purchases by central banks and lingering global uncertainties, market analysts explain. “I think that we expect gold to continue to trade pretty much within that range for the coming months,” said Martin Huxley, Read More

Shell sets precedent with deal linking gas prices to coal

1 month ago DieselGasoil Comments Off on Shell sets precedent with deal linking gas prices to coal
By Tsuyoshi Inajima, Stephen Stapczynski and Dan Murtaugh on 4/5/2019 TOKYO and SINGAPORE (Bloomberg) — Royal Dutch Shell agreed to sell liquefied natural gas to a Japanese utility at prices that include a link to coal, the latest innovation in the booming LNG market where buyers are seeking to diversify risks. In what Shell and Read More

Exor’s Elkann stresses long-term commitment to Fiat Chrysler

2 months ago DieselGasoil Comments Off on Exor’s Elkann stresses long-term commitment to Fiat Chrysler
MILAN (Reuters) – Exor, the holding company of the Agnelli family, remains committed to Fiat Chrysler (FCA), chairman John Elkann said, in comments that may dampen speculation the Italian carmaker could be the target of a takeover. Fiat Chrysler Automobiles Chairman John Elkann attends the 89th Geneva International Motor Show in Geneva, Switzerland March 5, Read More