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Musk's SpaceX to raise $500 million in funding: WSJ

33 mins ago DieselGasoil Comments Off on Musk's SpaceX to raise $500 million in funding: WSJ
FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the SpaceX Hyperloop Pod Competition II in Hawthorne, California, U.S., August 27, 2017. REUTERS/Mike Blake (Reuters) – Elon Musk’s rocket company SpaceX Corp is set to raise $500 million at a $30.5 billion valuation, the Wall Street Journal Read More

Volkswagen may have to step up electric car plans to meet EU CO2 targets

2 hours ago DieselGasoil Comments Off on Volkswagen may have to step up electric car plans to meet EU CO2 targets
BERLIN/FRANKFURT/MUNICH (Reuters) – Volkswagen (VOWG_p.DE) may have to step up its plans for mass production of electric vehicles in order to meet tougher-than-expected European targets to cut greenhouse emissions from cars, its chief executive said on Tuesday. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American Read More

Volkswagen to review investment plans to meet new EU CO2 targets: CEO

4 hours ago DieselGasoil Comments Off on Volkswagen to review investment plans to meet new EU CO2 targets: CEO
FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst BERLIN (Reuters) – Volkswagen (VOWG_p.DE) will have to review its plans for a shift toward mass production of electric vehicles to meet new European Union Read More

South Korea to provide $3 billion in financial support for troubled auto suppliers

13 hours ago DieselGasoil Comments Off on South Korea to provide $3 billion in financial support for troubled auto suppliers
SEOUL (Reuters) – South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won ($3.10 billion) and encouraging the use of electric cars. A worker checks cars made by GM Korea in a yard of GM Korea’s Bupyeong plant before they are Read More

EU agrees deal to cut greenhouse emissions from cars

19 hours ago DieselGasoil Comments Off on EU agrees deal to cut greenhouse emissions from cars
BRUSSELS (Reuters) – The European Union agreed on Monday to a goal of cutting carbon emissions from cars by 37.5 percent in a decade, finally settling differences between vehicle-producing countries and environmentally-conscious lawmakers. FILE PHOTO: A car produces smoke from its exhaust as it pulls away in Guernica October 29,2007. REUTERS/Vincent West (SPAIN) The 28-nation Read More

U.S. Well Services Expands Liquidity Through New Credit Facility, Provides Business Update

1 day ago DieselGasoil Comments Off on U.S. Well Services Expands Liquidity Through New Credit Facility, Provides Business Update
HOUSTON, Dec. 17, 2018 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) (“USWS” or the “company”) today announced an expansion of its borrowing capacity with the addition of a $75 million second lien delayed draw credit facility provided by Piper Jaffray Finance, LLC and an amendment to its existing first lien credit facility.  The Read More

Canadian regulator to fine Glencore-controlled miner over Congo – WSJ

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(Reuters) – A Glencore-controlled (GLEN.L) mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported. FILE PHOTO: The logo of commodities trader Read More

ABB relents to activist shareholder and unloads Power Grids unit

1 day ago DieselGasoil Comments Off on ABB relents to activist shareholder and unloads Power Grids unit
TOKYO/ZURICH (Reuters) – ABB (ABBN.S) will sell a majority stake in its Power Grids division to Japan’s Hitachi (6501.T) and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters. A man takes pictures of the logo of Swiss power technology and automation group Read More

Oil prices pressured by oversupply, global economic concerns

1 day ago DieselGasoil Comments Off on Oil prices pressured by oversupply, global economic concerns
SINGAPORE (Reuters) – Oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply. A gas station worker pumps fuel into a motorbike at a gas station of the Venezuelan state-owned oil company PDVSA in Caracas, Venezuela Read More

Brent crude dips on global economy worries, U.S. oil prices steady

2 days ago DieselGasoil Comments Off on Brent crude dips on global economy worries, U.S. oil prices steady
SINGAPORE (Reuters) – Brent crude prices slipped on Monday amid concerns over demand in the wake of weaker growth in major economies, while U.S. oil markets held steady after U.S. drilling activity fell to its lowest level in about two months. A gas station worker pumps fuel into a motorbike at a gas station of Read More