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RBS begins global hunt for CEO to replace McEwan

52 mins ago DieselGasoil Comments Off on RBS begins global hunt for CEO to replace McEwan
LONDON/EDINBURGH (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

Death toll in South Africa rains approaching 70, official says

3 hours ago DieselGasoil Comments Off on Death toll in South Africa rains approaching 70, official says
DURBAN/JOHANNESBURG (Reuters) – Almost 70 people have been killed in South Africa after torrential rains along the eastern coast, an official said on Thursday, and rescuers are still recovering bodies. A wreckage of a vehicle remains after a body was recovered from under the mud after heavy rains caused by flooding in Marianhill near Durban, Read More

Fed done raising rates; cut by end-2020 growing more likely: Reuters poll

4 hours ago DieselGasoil Comments Off on Fed done raising rates; cut by end-2020 growing more likely: Reuters poll
BENGALURU (Reuters) – The U.S. Federal Reserve is done raising interest rates until at least the end of next year, while about a third of economists polled by Reuters who had a view that far out predicted at least one rate cut by then. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured Read More

Dow futures hit by 3M results; upbeat tech results support Nasdaq

4 hours ago DieselGasoil Comments Off on Dow futures hit by 3M results; upbeat tech results support Nasdaq
(Reuters) – Dow and S&P futures were pressured by a steep fall in industrial company 3M’s shares on Thursday, while upbeat results from high-flying companies Facebook and Microsoft supported Nasdaq futures. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid Investors Read More

World stocks slip, euro suffers, growth fears linger

7 hours ago DieselGasoil Comments Off on World stocks slip, euro suffers, growth fears linger
LONDON (Reuters) – World equity markets slipped on Thursday amid worries on global growth and as investors digested European earnings, while the Swedish crown slumped to its lowest in 17 years and the euro suffered after German data. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage Read More

PSA revenues hit by decline in overseas sales and pullout from Iran

9 hours ago DieselGasoil Comments Off on PSA revenues hit by decline in overseas sales and pullout from Iran
PARIS (Reuters) – Peugeot maker PSA Group reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter. FILE PHOTO: The logo of French car manufacturer Peugeot is seen at a dealership of the company in Selestat, France, January 14, 2019.REUTERS/Vincent Kessler Revenue fell to 17.98 billion euros Read More

First handshake: Putin greets Kim on historic visit to Russia

10 hours ago DieselGasoil Comments Off on First handshake: Putin greets Kim on historic visit to Russia
Russian President Vladimir Putin and North Korean leader Kim Jong-un have now arrived at the venue of their first-ever face-to-face meeting. The summit is taking place on Russky Island off Vladivostok. The much-anticipated meeting of the two leaders has drawn huge media attention. About 300 accredited journalists flooded the venue, the Far Eastern Federal University Read More

Britain to allow Huawei restricted access to 5G network

10 hours ago DieselGasoil Comments Off on Britain to allow Huawei restricted access to 5G network
GLASGOW, Scotland (Reuters) – Britain will allow Huawei Technologies a restricted role in building parts of its 5G network, seeking a middle way in a bitter dispute between the United States and China over the next generation of communications technology. Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United Read More

Putin arrives for historic meeting with Kim in Russia’s Far East

12 hours ago DieselGasoil Comments Off on Putin arrives for historic meeting with Kim in Russia’s Far East
Russian President Vladimir Putin has arrived to the venue of his first-ever meeting with North Korean leader Kim Jong-un. Their first summit is about to kick off on Russky Island off Vladivostok. The much-anticipated meeting of the two leaders has drawn huge media attention. About 300 accredited journalists flooded the venue, the Far Eastern Federal Read More

Oxy faces a heavyweight in Anadarko Prize Fight

19 hours ago DieselGasoil Comments Off on Oxy faces a heavyweight in Anadarko Prize Fight
By Liam Denning on 4/24/2019 WASHINGTON (Bloomberg Opinion) — Anadarko Petroleum’s executives will be big winners in bidding war. Oh yeah, and the shareholders, too. It’s been a bruising 24 hours for CEO Al Walker and the board. First, it emerged the board had tweaked severance terms in favor of the c-suite just a day Read More