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‘Huge’ challenges as South African president is sworn in

7 hours ago DieselGasoil Comments Off on ‘Huge’ challenges as South African president is sworn in
South African President Cyril Ramaphosa has been sworn in before a 30,000-strong crowd, vowing to create jobs and tackle deep-rooted corruption. Mr Ramaphosa, the country’s fourth democratically elected president since the end of apartheid, took the presidential oath in a packed Loftus Versfeld stadium in capital Pretoria. “Today our nation enters a new era of Read More

Belt and Road to boost China’s growth over next four decades

11 hours ago DieselGasoil Comments Off on Belt and Road to boost China’s growth over next four decades
China’s Belt and Road Initiative (BRI) will likely provide significant business opportunities to global economies, according to participants of the 8th China Business Forum in London. They said that the world’s second largest economy, China, is poised to grow strongly in the next two to four decades thanks to the BRI. “Growth is going to Read More

Wall Street Weekahead: Trade protection doesn’t have to exclude growth stocks

19 hours ago DieselGasoil Comments Off on Wall Street Weekahead: Trade protection doesn’t have to exclude growth stocks
(Reuters) – The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don’t need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China. Some investors are seeking safety in domestic U.S. growth stocks ranging from software and online Read More

Wall Street week ahead: Trade protection doesn’t have to exclude growth stocks

22 hours ago DieselGasoil Comments Off on Wall Street week ahead: Trade protection doesn’t have to exclude growth stocks
(Reuters) – The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don’t need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China. Some investors are seeking safety in domestic U.S. growth stocks ranging from software and online Read More

Oil rises more than 1% but sets biggest weekly loss of 2019

1 day ago DieselGasoil Comments Off on Oil rises more than 1% but sets biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More

Oil and Gas leaders look for cost reduction and efficiency gains

1 day ago DieselGasoil Comments Off on Oil and Gas leaders look for cost reduction and efficiency gains
5/24/2019 Photo: (right) Ryan Lance, chairman and CEO, ConocoPhillips during the AIPN Summit. HOUSTON — Speaking at the closing of the AIPN 2019 International Petroleum Summit (IPS), Ryan Lance, chairman and CEO of ConocoPhillips spoke about his company’s “hyper focus on returns” highlighting that the “returns the energy industry has generated have been negative over Read More

United Airlines shakes up Avianca leadership after shareholder default

1 day ago DieselGasoil Comments Off on United Airlines shakes up Avianca leadership after shareholder default
FILE PHOTO: A United Airlines plane with the Continental Airlines logo on its tail, taxis to the runway at O’Hare International airport in Chicago October 1, 2010. UAL Corp and Continental Airlines Inc. closed their merger on Friday to form the world’s largest carrier, called United Airlines. REUTERS/Frank Polich (Reuters) – United Airlines said on Read More

South Korea orders further arrests at Samsung Electronics over accounting scandal

1 day ago DieselGasoil Comments Off on South Korea orders further arrests at Samsung Electronics over accounting scandal
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – A South Korean court approved arrest warrants on Saturday for two executives at Samsung Electronics Co Ltd over their alleged roles in a suspected accounting fraud at the biotech Read More

Oil edges higher but set for biggest weekly loss of 2019

1 day ago DieselGasoil Comments Off on Oil edges higher but set for biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Read More

Sembcorp Marine completes world’s biggest semi-submersible crane vessel for Heerema

1 day ago DieselGasoil Comments Off on Sembcorp Marine completes world’s biggest semi-submersible crane vessel for Heerema
5/24/2019 Photo: Sembcorp Marine’s world’s heaviest semi-submersible crane vessel, Sleipnir. SINGAPORE — The world’s biggest semi-submersible crane vessel (SSCV) is set to blaze a trail when it enters into service in the coming months, armed with the strongest pair of revolving cranes for offshore oil, gas and renewable energy installation and decommissioning jobs. Named after Read More