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From oil shocks to funding strains, Fed confronts new complexities

2 hours ago DieselGasoil Comments Off on From oil shocks to funding strains, Fed confronts new complexities
WASHINGTON (Reuters) – The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own. Despite divisions about whether a Read More

Explainer: The Fed has a repo problem. What’s that?

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(Reuters) – As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March Read More

France’s Macron bets on private-sector funding to fuel startup push

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PARIS (Reuters) – France aims to raise 5 billion euros ($5.53 billion) in funds from private-sector investors to give French startup companies a leg up and help the most promising ones grow further, President Emmanuel Macron said on Tuesday. FILE PHOTO: French President Emmanuel Macron attends a meeting in Bonneuil-sur-Marne, France, September 10, 2019. Ludovic Read More

Cycle of panic & death: Humankind totally not ready for global pandemic, emergency preparedness group warns

13 hours ago DieselGasoil Comments Off on Cycle of panic & death: Humankind totally not ready for global pandemic, emergency preparedness group warns
A sudden lethal pandemic could wipe out tens of millions of people, destroy the world’s economies, and leave humanity in chaos, according to a new report from an emergency preparedness body that isn’t alarmist in the slightest. Citing a reactionary “cycle of panic and neglect” in which health emergencies are dealt with as they arise, Read More

WeWork parent says IPO still on despite setbacks

1 day ago DieselGasoil Comments Off on WeWork parent says IPO still on despite setbacks
(Reuters) – WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end of the year, after walking away from preparations earlier in the day to proceed with its stock market debut this month. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the Read More

WeWork parent expected to delay IPO: WSJ

2 days ago DieselGasoil Comments Off on WeWork parent expected to delay IPO: WSJ
FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – WeWork owner The We Company is expected to postpone its initial public offering, the Wall Street Journal reported on Monday, citing people familiar with the matter. Read More

ExxonMobil finds more oil offshore Guyana at Tripletail

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9/16/2019 IRVING, TEXAS – ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 Bboe on the Stabroek Block. Guyana offshore blocks. Tripletail-1 encountered approximately 108 feet of a high-quality oil-bearing sandstone Read More

No need yet to abandon German balanced budget over climate plan: finance minister

2 days ago DieselGasoil Comments Off on No need yet to abandon German balanced budget over climate plan: finance minister
BERLIN (Reuters) – The German government has other potential options for funding a planned climate package before it need consider sacrificing its “black zero” balanced-budget policy, Finance Minister Olaf Scholz said on Monday. German Finance Minister Olaf Scholz talks to media before the informal meeting of ministers for economic and financial affairs (ECOFIN) and Eurogroup Read More

Harvest Oil & Gas Completes Divestitures of Barnett Shale and Mid-Continent Assets, Announces Planned New Credit Facility and Initiation of Strategic Review Process

2 days ago DieselGasoil Comments Off on Harvest Oil & Gas Completes Divestitures of Barnett Shale and Mid-Continent Assets, Announces Planned New Credit Facility and Initiation of Strategic Review Process
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced that it has completed the previously announced sales of Barnett Shale assets and certain Mid-Continent area assets located in the Anadarko Basin and SCOOP/STACK. In addition, the Company plans to enter into a new credit Read More

German Finance Minister sees no need yet to abandon balanced budget over climate plan

2 days ago DieselGasoil Comments Off on German Finance Minister sees no need yet to abandon balanced budget over climate plan
German Finance Minister Olaf Scholz talks to media before the informal meeting of ministers for economic and financial affairs (ECOFIN) and Eurogroup in Helsinki, Finland, 13 September 2019. Lehtikuva/Martti Kainulainen via REUTERS BERLIN (Reuters) – The German government has enough other options to consider for funding a planned climate package before it needs to discuss Read More