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Brazil agriculture minister wants to open indigenous land to commercial farming

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BRASILIA (Reuters) – Brazil should open indigenous land to commercial farming, Agriculture Minister Tereza Cristina Dias said on Friday, while also seeking to soften many of President Jair Bolsonaro’s controversial stances on native people and the environment. FILE PHOTO: Chief Joao Ponce (C), head of the Uirapuru indigenous community, walks along a corn field near Read More

Buckeye Partners, L.P. Announces Closing of Sale of Its Equity Interest In VTTI B.V.

2 days ago DieselGasoil Comments Off on Buckeye Partners, L.P. Announces Closing of Sale of Its Equity Interest In VTTI B.V.
HOUSTON, Jan. 18, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) announced today that it completed the sale of its equity interest in VTTI B.V. (“VTTI”) to Vitol Investment Partnership II Ltd and IFM Investors for cash proceeds of $975 million.  The proceeds from the sale will be used to pay down debt. Read More

Schlumberger shares rise on lower 2019 capex, international outlook

2 days ago DieselGasoil Comments Off on Schlumberger shares rise on lower 2019 capex, international outlook
(Reuters) – Oilfield services provider Schlumberger NV (SLB.N) said on Friday it would spend less in 2019 and forecast single-digit growth in international markets this year, sending its shares as much as 5 percent higher. FILE PHOTO: The exterior of a Schlumberger Corp building is pictured in West Houston Jan. 16, 2015. Schlumberger, is the Read More

Tesla cuts jobs as it looks to make Model 3 more affordable

2 days ago DieselGasoil Comments Off on Tesla cuts jobs as it looks to make Model 3 more affordable
(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid Read More

Drought, animal disease threaten South African farmers

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JOHANNESBURG (Reuters) – South African grain and red meat farmers are bracing for hard times after dry weather conditions and an outbreak of the highly contagious foot and mouth disease suspended meat exports, officials said on Friday. FILE PHOTO: Cattle graze on a barren and parched land at a field in Hoopstad, a maize-producing district Read More

CVS, Walmart resolve pharmacy contract impasse

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(Reuters) – Walmart Inc (WMT.N), the world’s largest retailer, will remain part of CVS Health Corp’s (CVS.N) network for commercial and Medicaid pharmacy customers, the companies said on Friday, breaking a contract impasse disclosed earlier this week. FILE PHOTO: An employee pushes shopping carts outside a Walmart store in Chicago, Illinois, U.S., November 20, 2018. Read More

CVS, Walmart reach agreement on pharmacy contract after impasse

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FILE PHOTO: An employee pushes shopping carts outside a Walmart store in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo (Reuters) – CVS Health Corp (CVS.N) and Walmart Inc (WMT.N) said on Friday the world’s largest retailer would remain part of CVS’s network for commercial and Medicaid pharmacy customers, breaking a contract impasse CVS Read More

Shutdown clouds outlook for consumer-driven U.S. economic growth

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NEW YORK (Reuters) – After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. FILE PHOTO: A federal worker left unpaid or furloughed collects a free bag Read More

American Express misses estimates on slowing customer spending; shares drop

3 days ago DieselGasoil Comments Off on American Express misses estimates on slowing customer spending; shares drop
(Reuters) – American Express Co (AXP.N) missed Wall Street’s fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S. holiday sales season. An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer The credit-card issuer’s shares fell 2.4 Read More