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Trump’s widening OPEC fight puts Saudi oil capacity in spotlight

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By Grant Smith on 4/25/2019 LONDON (Bloomberg) — The biggest threat to President Donald Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations. The White House plans to choke off oil exports from Iran without triggering a spike in prices largely by getting Saudi Arabia, the only OPEC Read More

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

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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

GasLog Partners LP Reports Financial Results for the Three-Month Period Ended March 31, 2019 and Declares Cash Distribution

44 mins ago DieselGasoil Comments Off on GasLog Partners LP Reports Financial Results for the Three-Month Period Ended March 31, 2019 and Declares Cash Distribution
Monaco, April 25, 2019 (GLOBE NEWSWIRE) — GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP), an international owner and operator of liquefied natural gas (“LNG”) carriers, today reported its financial results for the three-month period ended March 31, 2019. Highlights ·Announced and, post quarter-end, completed the acquisition of the GasLog Glasgow from GasLog Read More

Volkswagen plans electric vehicle plant with JAC in China: local government

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BEIJING (Reuters) – German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities. FILE PHOTO: A man uses phone under a Volkswagen logo at the Shanghai Auto Show, in Shanghai, Read More

World stocks slip, euro suffers, growth fears linger

4 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

6 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

Microsoft tops $1 trillion as it predicts more cloud growth

12 hours ago DieselGasoil Comments Off on Microsoft tops $1 trillion as it predicts more cloud growth
(Reuters) – Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake The Redmond, Washington-based company beat Wall Street Read More

Visa profit jumps, lower cross-border volume weighs on shares

14 hours ago DieselGasoil Comments Off on Visa profit jumps, lower cross-border volume weighs on shares
(Reuters) – Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher. FILE PHOPTO: Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team, in Read More

‘Star Wars’ are back? US might preemptively strike Russia & China with space weapons – Russian MoD

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The US may be plotting a preemptive strike on the nuclear arsenals of Russia and China, Russian military said, citing the revival of the 1980s ‘Star Wars’ program and ever-growing US “missile defense” in Europe as evidence. The analysis of the “probable actions” of Washington shows that Americans are seeking to achieve strategic superiority through Read More

North American Infrastructure Partners Announce Strategic Acquisition of Clean Energy Collective, Community Solar Leader

23 hours ago DieselGasoil Comments Off on North American Infrastructure Partners Announce Strategic Acquisition of Clean Energy Collective, Community Solar Leader
LOUISVILLE, Colo., April 24, 2019 (GLOBE NEWSWIRE) — North American Infrastructure Partners (NAIP), a private investment company specializing in high quality, infrastructure assets, has announced a strategic investment in Clean Energy Collective (CEC), the nation’s leading developer of community solar solutions. The investment represents NAIP’s first acquisition within the rapidly growing community solar industry and Read More