newszine

Oil rises as Germany pledges economic stimulus, OPEC slashes output

11 hours ago DieselGasoil Comments Off on Oil rises as Germany pledges economic stimulus, OPEC slashes output
New York — Crude futures edged higher Friday as Germany’s leadership pledged to undertake economic stimulus measures and OPEC reported sharply lower crude output in July. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled up 40 cents at $54.87/b and ICE October Brent was 41 Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

23 hours ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

‘Crazy inverted yield curve’ vexes Fed, with no clear resolution

1 day ago DieselGasoil Comments Off on ‘Crazy inverted yield curve’ vexes Fed, with no clear resolution
WASHINGTON (Reuters) – Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt. FILE PHOTO: A trader looks at screens as he works on the floor at the New York Stock Exchange, August 13, 2019. REUTERS/Eduardo Munoz Called a “yield curve inversion,” this Read More

Novartis names Bulto as new head of U.S. drugs business

3 days ago DieselGasoil Comments Off on Novartis names Bulto as new head of U.S. drugs business
FILE PHOTO: Logo of Swiss drugmaker Novartis is seen at its branch in Schweizerhalle near Basel, Switzerland, March 29, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Swiss drugmaker Novartis (NOVN.S) has named company veteran Victor Bulto as head of its U.S. pharmaceuticals business, effective on Sept. 1. He replaces Fabrice Chouraqui, who will step down at Read More

Beijing to US: Don’t ‘stick your nose’ in China’s Hong Kong affairs

3 days ago DieselGasoil Comments Off on Beijing to US: Don’t ‘stick your nose’ in China’s Hong Kong affairs
China rebuked Donald Trump for his Twitter-conveyed alarm over the amassment of troops near Hong Kong. The US should mind its own business and let China’s domestic affairs be, it said. Zhang Hanhui, China’s freshly appointed ambassador in Moscow, reminded that Hong Kong is Chinese and not “American” or “English.” He thus cautioned foreign nations Read More

LAGCOE 2019 announces conference speakers and session tracks

4 days ago DieselGasoil Comments Off on LAGCOE 2019 announces conference speakers and session tracks
8/13/2019 LAFAYETTE, LA. – LAGCOE leadership announces the keynote speakers for its 2019 LAGCOE leadership has released the schedule of sessions and speakers for its 2019 Technical Exposition and Conference, scheduled for October 9-11 at the Ernest N. Morial Convention Center in New Orleans. The theme for LAGCOE 2019 is the Future of Energy Starts Read More

Aramco remains world’s most profitable company even as oil falls

4 days ago DieselGasoil Comments Off on Aramco remains world’s most profitable company even as oil falls
By Matthew Martin on 8/13/2019 DUBAI (Bloomberg) – Saudi Aramco showed Monday it’s still the world’s most profitable company — and paid out almost all its net income in dividends — despite the dwindling price of oil. Profit slid 12% to $46.9 billion in the first six months of 2019, the state-owned energy giant said Read More

Barrick posts profit jump, flags significant work ahead on Acacia

5 days ago DieselGasoil Comments Off on Barrick posts profit jump, flags significant work ahead on Acacia
(Reuters) – Barrick Gold Corp (ABX.TO) (GOLD.N) reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next month. FILE PHOTO: The logo of sponsor Barrick Gold Corporation is seen Read More

40 civilians killed as Saudi-led coalition fights UAE-backed ex-allies in Yemeni port – UN

6 days ago DieselGasoil Comments Off on 40 civilians killed as Saudi-led coalition fights UAE-backed ex-allies in Yemeni port – UN
Scores of civilians have been killed or injured in the Yemeni port of Aden over the past few days, the UN has reported. The surge of violence came as the Saudi-led coalition fights for control against its UAE-backed former allies. As many as 40 civilians have been killed and 260 others injured in Aden, a Read More