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Swiss regulator says in contact with initiators of Facebook’s Libra

2 hours ago DieselGasoil Comments Off on Swiss regulator says in contact with initiators of Facebook’s Libra
FILE PHOTO: A man poses with a magnifier in front of a Facebook logo on display in this illustration taken in Sarajevo, Bosnia and Herzegovina, December 16, 2015. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Switzerland’s financial regulator FINMA said on Tuesday that it is in contact with the “initiators” of Libra, Facebook’s planned cyrptocurrency. A FINMA Read More

After Woodford fund suspension, focus turns to its stewards

22 hours ago DieselGasoil Comments Off on After Woodford fund suspension, focus turns to its stewards
LONDON (Reuters) – The suspension of Neil Woodford’s flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly. FILE PHOTO: Neil Woodford, founder and fund manager at Woodford Investment Management, is seen in this undated handout picture released on June 10, 2019. Jonathan Atkins/Handout Read More

UBS loses role in bond deal for Chinese firm on outcry over pig comment

1 day ago DieselGasoil Comments Off on UBS loses role in bond deal for Chinese firm on outcry over pig comment
HONG KONG (Reuters) – UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist’s use of “pig” in connection with Chinese food price inflation. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Read More

Facebook COO Sandberg downplays calls for a breakup, ignores WSJ bombshell

4 days ago DieselGasoil Comments Off on Facebook COO Sandberg downplays calls for a breakup, ignores WSJ bombshell
MENLO PARK, Calif. – Facebook COO Sheryl Sandberg ignored a negative bombshell and brushed off calls to break up the tech giant during a Q&A session with reporters from around the world Wednesday at the company’s Menlo Park headquarters. “I think there are real concerns about the size and power of tech companies, particularly in the Read More

Alibaba files for HK listing that may raise $20 billion as soon as third quarter: source

5 days ago DieselGasoil Comments Off on Alibaba files for HK listing that may raise $20 billion as soon as third quarter: source
HONG KONG (Reuters) – China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said. FILE PHOTO: A sign of Alibaba Group is seen at Read More

Alibaba files for Hong Kong listing: source

5 days ago DieselGasoil Comments Off on Alibaba files for Hong Kong listing: source
FILE PHOTO: A sign of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File Photo (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing, according to one source familiar with the matter. The listing will take place as Read More

Credit Suisse, UBS have boosted capital positions: SNB

5 days ago DieselGasoil Comments Off on Credit Suisse, UBS have boosted capital positions: SNB
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – Switzerland’s biggest banks, UBS and Credit Suisse, have improved their capital positions but must strengthen their crisis planning, the Swiss National Bank said on Thursday, citing conclusions of financial watchdog FINMA. “The Swiss Read More

Hong Kong police fire rubber bullets as extradition bill protests turn to chaos

6 days ago DieselGasoil Comments Off on Hong Kong police fire rubber bullets as extradition bill protests turn to chaos
HONG KONG (Reuters) – Hong Kong police fired rubber bullets and tear gas at demonstrators who threw plastic bottles on Wednesday as protests against an extradition bill that would allow people to be sent to mainland China for trial descended into violent chaos. Tens of thousands of protesters had gathered peacefully outside the Chinese-ruled city’s Read More

BHGE launches multimodal facility expansion in Angola

1 week ago DieselGasoil Comments Off on BHGE launches multimodal facility expansion in Angola
6/10/2019 LUANDA — Baker Hughes, a GE company (BHGE), has announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola. The facility, with its additional capabilities across multiple product lines, will deliver a suite of products and services across the oil and gas value chain. It will serve as a Read More

Crude oil futures rise after US suspends Mexico tariff ‘indefinitely’

1 week ago DieselGasoil Comments Off on Crude oil futures rise after US suspends Mexico tariff ‘indefinitely’
Singapore — Crude oil futures were higher in mid-morning trade in Asia Monday, after the US announced that the tariffs on Mexico will be suspended indefinitely. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:06 am Singapore time (0206 GMT), ICE Brent August futures rose 12 cents/b (0.19%) Read More