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ADM Energy appoints new CEO

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7/15/2019 LONDON — ADM Energy, an oil and gas investing company quoted on AIM, has announced the appointment of Osamede Okhomina as Chief Executive Officer with immediate effect. Osamede Okhomina, CEO, ADM Energy. The appointment further strengthens the executive team and Board for the next phase of the Company’s development and follows the non-Board appointment Read More

Hold the beers: Budweiser APAC IPO hit by investor push-back

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HONG KONG/NEW YORK/BRUSSELS (Reuters) – Scepticism over AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion – poised to be the world’s biggest this year – investors and bankers said, putting would-be floats on notice that careful pricing remains key to success. FILE PHOTO: Portfolio beer brands of Budweiser Brewing Company Read More

Hold the beers: Budweiser APAC IPO fail shows valuations face investor push-back

1 day ago DieselGasoil Comments Off on Hold the beers: Budweiser APAC IPO fail shows valuations face investor push-back
HONG KONG/NEW YORK/LONDON/BRUSSELS (Reuters) – Reluctance to accept AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion – poised to be the world’s biggest this year – investors and bankers said, putting would-be floats on notice that careful pricing remains key to deal success. FILE PHOTO: Portfolio beer brands of Budweiser Read More

China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen

1 day ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

China second quarter GDP growth slows to 27-year low, more stimulus expected

1 day ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low, more stimulus expected
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

U.S. Fed seen launching repo facility in early 2020: Deutsche Bank

2 days ago DieselGasoil Comments Off on U.S. Fed seen launching repo facility in early 2020: Deutsche Bank
(Reuters) – The Federal Reserve may launch a policy tool to lend to banks using Treasuries and other securities as collateral in early 2020 with possible testing to begin later this year, a Deutsche Bank strategist said. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Read More

Thomas Cook turns to China’s Fosun to save oldest travel firm

4 days ago DieselGasoil Comments Off on Thomas Cook turns to China’s Fosun to save oldest travel firm
HONG KONG/LONDON (Reuters) – Thomas Cook (TCG.L) is in talks on a 750 million pound ($941 million) bailout that will give its largest investor Fosun Tourism (1992.HK) control of the indebted British group’s package-tour business, in a blow to other shareholders. Shares in Thomas Cook dropped by more than 30% to their lowest level on Read More

Anadarko shareholders to vote next month on Occidental deal

5 days ago DieselGasoil Comments Off on Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum Corp (APC.N) shareholders will vote Aug. 8 on the oil and gas producer’s planned $38 billion sale to Occidental Petroleum Corp – the biggest oil and gas deal of the year. Occidental (OXY.N) avoided its Read More

Delphi Energy Corp. Announces Extension of Credit Facility

5 days ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Extension of Credit Facility
CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the annual borrowing base redetermination of its senior credit facility has been finalized. The amended credit facility has a borrowing base of $100.0 million reducing to $90.0 million upon the earlier of September 30, 2019 and the completion Read More