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Patriot games: Chinese dump iPhones & switch to domestic Huawei devices amid US crackdown

1 day ago DieselGasoil Comments Off on Patriot games: Chinese dump iPhones & switch to domestic Huawei devices amid US crackdown
A growing number of former Apple devotees in China have started switching from iPhones to domestic Huawei smartphones as trade and technology tensions escalate between Washington and Beijing. The South China Morning Post reported that consumers were spurred by a rising “nationalist sentiment” to support the Chinese tech giant which has been blacklisted by the Read More

Goldman bumps up no-deal Brexit odds after May resignation

1 day ago DieselGasoil Comments Off on Goldman bumps up no-deal Brexit odds after May resignation
FILE PHOTO: A Goldman Sachs sign is displayed inside the company’s post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2017. REUTERS/Brendan McDermid/File Photo LONDON (Reuters) – Goldman Sachs raised its probability of a no-deal Brexit to 15% from 10% on Friday as Prime Minister Theresa May’s Read More

Crude oil futures rise after overnight dive, to remain volatile

2 days ago DieselGasoil Comments Off on Crude oil futures rise after overnight dive, to remain volatile
Singapore — Crude oil futures were higher during mid-morning trade in Asia Friday, after recovering from an overnight crash that sent both benchmark contracts to fresh lows. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Ongoing geopolitical and supply-side concerns are expected to keep pries volatile, analysts said Friday Read More

Trump says ‘dangerous’ Huawei could be included in U.S.-China trade deal

2 days ago DieselGasoil Comments Off on Trump says ‘dangerous’ Huawei could be included in U.S.-China trade deal
WASHINGTON/BEIJING (Reuters) – President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant “very dangerous.” Washington last week effectively banned U.S. firms from doing business with Huawei, the world’s largest telecoms Read More

Deutsche Bank CEO pledges tough investment bank cuts as shares hit low

2 days ago DieselGasoil Comments Off on Deutsche Bank CEO pledges tough investment bank cuts as shares hit low
FRANKFURT (Reuters) – Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender, whose shares hit a record low. Ranked as one of the most important banks in the global financial system, the bank has been plagued Read More

The art of trade war: Chinese firm bans workers from buying American goods & stateside travel

2 days ago DieselGasoil Comments Off on The art of trade war: Chinese firm bans workers from buying American goods & stateside travel
As the US-China trade dispute gets uglier by the day some Chinese corporations seem intent to respond to Washington pressure by fair means or foul. The Jinggang Motor Vehicle Inspection Station, located in the Chinese province of Jiangsu, has issued a strict warning to its employees, reports The Epoch Times. The New York-based, Chinese focused Read More

Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Prices Upsized Initial Public Offering of Common Units

3 days ago DieselGasoil Comments Off on Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Prices Upsized Initial Public Offering of Common Units
MIDLAND, Texas, May 22, 2019 (GLOBE NEWSWIRE) — Rattler Midstream LP (“Rattler”), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG) (“Diamondback”), and Diamondback today announced the pricing of Rattler’s initial public offering of 38,000,000 common units representing limited partner interests at $17.50 per common unit. The 38,000,000 offering of common units represents a 4,666,667 unit Read More

India’s economy will ‘come back with a bang,’ country’s ‘Warren Buffett’ says

3 days ago DieselGasoil Comments Off on India’s economy will ‘come back with a bang,’ country’s ‘Warren Buffett’ says
Billionaire investor Rakesh Jhunjhunwala said he is very bullish about India’s medium-to-long-term growth prospects, predicting double-digit figures. He told CNBC that the economic situation in the country started to improve after five years of a banking crisis and the introduction of important reforms. “We are now having improvement in credit culture, we are having integrity Read More

‘Toxic cocktail’ brewing for U.S. asset managers: hedge fund investor Kass

4 days ago DieselGasoil Comments Off on ‘Toxic cocktail’ brewing for U.S. asset managers: hedge fund investor Kass
FILE PHOTO: Doug Kass, founder of hedge fund Seabreeze Partners Management Inc, sits at his desk at his home in Palm Beach, Florida April 30, 2013. REUTERS/Joe Skipper/File Photo (Reuters) – Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Read More

OPEC+ grapples with Iran crisis as ministers meet in Jeddah

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By Grant Smith on 5/16/2019 LONDON (Bloomberg) — When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend, their conversation will be dominated by a member of the group that isn’t there: Iran. As President Trump squeezes oil exports from the Islamic Republic with sanctions, the discussions among other producers Read More