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China's fourth quarter GDP growth dented by services, agriculture despite construction rebound

8 hours ago DieselGasoil Comments Off on China's fourth quarter GDP growth dented by services, agriculture despite construction rebound
BEIJING (Reuters) – Weakness in the service and farm sectors slowed China’s economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday. FILE PHOTO: Workers are seen on scaffolding at a construction site in Nantong, Jiangsu province, China January 1, 2019. REUTERS/Stringer Services grew 7.4 percent from Read More

As China's economy falters, some fund managers look to bonds

8 hours ago DieselGasoil Comments Off on As China's economy falters, some fund managers look to bonds
HONG KONG/SHANGHAI (Reuters) – Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye. FILE PHOTO: An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/Jason Lee His Shanghai-based ChangAn Xinyi Enhanced Mixed Fund has increased Read More

Oil steadies near two-month high as U.S. drilling slows down

14 hours ago DieselGasoil Comments Off on Oil steadies near two-month high as U.S. drilling slows down
By Grant Smith and Robert Tuttle on 1/21/2019 Drilling rig in Bakken shale play. Photo: Marathon. LONDON and CALGARY (Bloomberg) — Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures rose 0.2% Monday after surging 3.3% Read More

China's Huawei in unprecedented media blitz as it battles heightened scrutiny

1 day ago DieselGasoil Comments Off on China's Huawei in unprecedented media blitz as it battles heightened scrutiny
HONG KONG (Reuters) – China’s Huawei has launched an unprecedented public relations blitz, thrusting its low-key founder in front of international media as the telecoms firm seeks to ease concern among Western nations bent on shutting it out of their markets. FILE PHOTO: Huawei CEO and founder Ren Zhengfei walks inside Huawei’s headquarters in the Read More

Shawcor to Acquire ZCL Composites

1 day ago DieselGasoil Comments Off on Shawcor to Acquire ZCL Composites
Purchase price of $10.00 per share, representing an aggregate equity value of $308 million Low double-digit adjusted EPS1 accretion to Shawcor in the first year post closing Financed with cash and new credit facility Expected closing early in the second quarter of 2019 TORONTO, Jan. 20, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (“Shawcor” or the Read More

Oil hits 2-month high as China truce signals brighter outlook

4 days ago DieselGasoil Comments Off on Oil hits 2-month high as China truce signals brighter outlook
By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More

A.J. Gallagher's 'clean coal' business draws ire of green investors

4 days ago DieselGasoil Comments Off on A.J. Gallagher's 'clean coal' business draws ire of green investors
BOSTON (Reuters) – Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co’s after a Reuters investigation into the company’s lucrative side-business in “clean coal”. FILE PHOTO: A view of Duke Energyís Marshall Power Plant in Sherrills Ford, North Carolina, U.S., November 29, 2018. REUTERS/Chris Keane/File Read More

Consumer giants spurn risks to chase online subscribers

4 days ago DieselGasoil Comments Off on Consumer giants spurn risks to chase online subscribers
LONDON (Reuters) – Major consumer companies including Unilever (ULVR.L), Procter & Gamble (PG.N) and Nestle (NESN.S) are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked. One of the possible personalised skincare regimens created by the Skinsei diagnostic, is seen in this undated handout Read More

Wild Well Control has expanded its Montrose Facility, UK

5 days ago DieselGasoil Comments Off on Wild Well Control has expanded its Montrose Facility, UK
1/17/2019 Photo: WellCONTAINED subsea capping stack. HOUSTON — Wild Well Control, a Superior Energy Services well control and engineering services company, has announced the expansion of its Montrose facility at South Ferryden, UK. Wild Well maintains the WellCONTAINED subsea containment system at Montrose Port. The WellCONTAINED system provides the most comprehensive package of subsea emergency Read More

Russia looks to build ‘LNG Island’ to supply booming Asian market

5 days ago DieselGasoil Comments Off on Russia looks to build ‘LNG Island’ to supply booming Asian market
Russia’s largest LNG (liquefied natural gas) producer is looking to boost supply to the fast growing Asian markets by upgrading its facilities in the Far East. While Russia’s gas giant Gazprom is working to complete the Power of Siberia gas pipeline expected to begin delivering gas to China in December 2019, another Russian company — Read More