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Embraer's net proceeds from Boeing deal the same, despite higher price

22 hours ago DieselGasoil Comments Off on Embraer's net proceeds from Boeing deal the same, despite higher price
SAO PAULO (Reuters) – Brazil’s Embraer SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing Co, even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen Read More

Nord Stream 2 can be justified if Ukraine's interests safeguarded

2 days ago DieselGasoil Comments Off on Nord Stream 2 can be justified if Ukraine's interests safeguarded
BERLIN (Reuters) – Germany’s economy minister said he believed the Russian-backed Nord Stream 2 pipeline can go ahead while preserving Ukraine’s vital interests, but that Berlin is also in talks to diversify its energy supply with liquefied natural gas. German Economy Minister Peter Altmaier pauses during an interview in his office in Berlin, Germany December Read More

Brazil eyes $30 billion offshore oil boom

2 weeks ago DieselGasoil Comments Off on Brazil eyes $30 billion offshore oil boom
Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area. Now President-elect Jair Bolsonaro wants to open more of the pre-salt assets—an area currently exclusively in the hands of state oil firm Petrobras—to private investors, Read More

Wall Street reverses losses after White House adviser's trade remarks

3 weeks ago DieselGasoil Comments Off on Wall Street reverses losses after White House adviser's trade remarks
NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war. All three of Wall Street’s major indexes Read More

George Soros' Open Society foundation set to end operations in Turkey

3 weeks ago DieselGasoil Comments Off on George Soros' Open Society foundation set to end operations in Turkey
Liberal billionaire George Soros’ Open Society Foundations NGO will close up shop in Turkey, saying “groundless claims and speculation” have hindered its work. The organization announced the news on Monday, days after Turkish President Recep Tayyip Erdogan accused Soros of stoking protests to divide the country, referring to the elderly liberal financier as that “famous Read More

With new CEO, Telecom Italia 'opera' edges towards finale

4 weeks ago DieselGasoil Comments Off on With new CEO, Telecom Italia 'opera' edges towards finale
MILAN (Reuters) – Barely a year into the job as the boss of Italy’s biggest telecoms company, Amos Genish had just finished celebrating a joint venture with electronics group Samsung at a dinner in South Korea when a WhatsApp message arrived sealing his fate. FILE PHOTO: Alitalia special commissioner Luigi Gubitosi, appointed CEO of Telecom Read More

The egos disbanded? Bridging the great advertising divide

1 month ago DieselGasoil Comments Off on The egos disbanded? Bridging the great advertising divide
BARCELONA (Reuters) – Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together. FILE PHOTO: WPP’s logo hangs on the wall outside the company’s offices in London, Britain April 30, 2018. Read More

Oil seeks floor, stocks tumble, sterling braces for wild swings

1 month ago DieselGasoil Comments Off on Oil seeks floor, stocks tumble, sterling braces for wild swings
MILAN (Reuters) – Oil struggled to find a floor and stocks tumbled on Wednesday as disappointing German GDP figures heightened worries over slowing global growth, while the pound eased off peaks as Prime Minister Theresa May faced the hard task of selling her Brexit deal. The German share price index DAX graph is pictured at Read More

U.S.-China talks highlight deep divide before Trump-Xi meeting

1 month ago DieselGasoil Comments Off on U.S.-China talks highlight deep divide before Trump-Xi meeting
By nick wadhams on 11/9/2018 WASHINGTON, D.C. (Bloomberg) — The U.S. secretaries of state and defense met with their Chinese counterparts for an annual strategy session in Washington on Friday, with both sides highlighting deep differences on diplomacy and security weeks before Presidents Donald Trump and Xi Jinping plan to meet at a summit in Read More