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UPS profit misses estimates on severe U.S. winter

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FILE PHOTO: Vehicles of United Parcel Service are seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France, June 26, 2018. REUTERS/Charles Platiau (Reuters) – United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported a lower-than-expected first-quarter profit, sending the Read More

Royal Bank of Scotland CEO McEwan to step down after more than five years

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LONDON (Reuters) – Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout. FILE PHOTO: Royal Bank of Scotland chief executive Ross McEwan is seen outside Downing Street in London, Britain March 20, 2019. REUTERS/Hannah Read More

Royal Bank of Scotland CEO McEwan resigns after more than five years

4 hours ago DieselGasoil Comments Off on Royal Bank of Scotland CEO McEwan resigns after more than five years
LONDON (Reuters) – Royal Bank of Scotland plc is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout. FILE PHOTO: Royal Bank of Scotland chief executive Ross McEwan is seen outside Downing Street in London, Britain March 20, 2019. Read More

Blast heard behind court outside Colombo, Sri Lanka

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An explosion took place behind a court not far from Sri Lanka’s largest city, Colombo, four days after the deadly Easter Sunday attacks. No casualties have been reported, a police spokesman told local media. The blast occurred on empty land behind the magistrate court in the town of Pugoda, 40km east of Colombo. Police say Read More

Asian shares slip; German, Korean data hurt risk appetite

8 hours ago DieselGasoil Comments Off on Asian shares slip; German, Korean data hurt risk appetite
TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a Read More

Asian shares dip; euro weighed by sagging German business morale

10 hours ago DieselGasoil Comments Off on Asian shares dip; euro weighed by sagging German business morale
TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Read More

Oil hovers near six-month high as U.S. stockpile build counters supply fears

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NEW YORK (Reuters) – Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing Read More

Sri Lanka suicide bomber who studied in UK named

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One of the suicide bombers behind the Sri Lanka suicide attacks was former UK student Abdul Lathief Jameel Mohamed, according to security sources. Mohamed is believed to have studied in the southeast of England at some point between 2006 and 2007 – and later did a postgraduate course in Australia, before returning to settle in Read More

The United States exported a record volume of ethanol in 2018 for second consecutive year

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April 24, 2019 The United States exported 112,000 barrels per day (b/d) of fuel ethanol in 2018, surpassing the record high of 91,000 b/d set in 2017. At the same time, U.S. imports of fuel ethanol decreased about 30% in 2018 to less than 4,000 b/d, which resulted in the United States exporting more fuel Read More

Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm

1 day ago DieselGasoil Comments Off on Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm
SEOUL (Reuters) – Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March Read More