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ViacomCBS is just the beginning of Shari Redstone’s media deals

6 days ago DieselGasoil Comments Off on ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo Read More

Norway’s trillion dollar fund isn’t ditching oil after all

2 weeks ago DieselGasoil Comments Off on Norway’s trillion dollar fund isn’t ditching oil after all
The world’s largest sovereign wealth fund shocked the world when it said it was dumping oil and gas stocks, but it seems to have had a change of heart. The initial proposal of the fund—which has amassed its vast wealth from none other than Norway’s oil and gas revenues and is therefore commonly referred to Read More

Karmic reckoning? Investors in activist hedge funds agitate for change

3 weeks ago DieselGasoil Comments Off on Karmic reckoning? Investors in activist hedge funds agitate for change
(Reuters) – Frustrated by high fees and uninspiring returns, pension funds, sovereign wealth funds and other big institutional investors are demanding U.S. activist hedge funds be more transparent about their investment ideas and charge less, investors and fund managers say. FILE PHOTO: Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Read More

Total to sell $5 bil of assets as profits slump on falling gas prices

4 weeks ago DieselGasoil Comments Off on Total to sell $5 bil of assets as profits slump on falling gas prices
Highlights Expects 2019 output growth to exceed 9% Focused on low breakeven projects Market to remain volatile on demand uncertainty London — France’s Total said Thursday it will divest $5 billion worth of its assets, mainly from its exploration and production business, as its net profit fell in the second quarter of2019 due to a Read More

Total divests UK assets to Petrogas for $635 million

1 month ago DieselGasoil Comments Off on Total divests UK assets to Petrogas for $635 million
7/10/2019 Source: Total. PARIS — Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. Petrogas has partnered with Norway-based private equity investor HitecVision. Formerly owned by Maersk Oil, these assets are located in the Eastern North Sea Read More

Exclusive: Investors with $34 trillion demand urgent climate change action

2 months ago DieselGasoil Comments Off on Exclusive: Investors with $34 trillion demand urgent climate change action
LONDON (Reuters) – Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week. FILE PHOTO: A commuter walks along Waterloo Bridge, which is being blocked by climate change activists, Read More