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HSBC-backed startup aims to become LinkedIn of global trade

18 hours ago DieselGasoil Comments Off on HSBC-backed startup aims to become LinkedIn of global trade
HONG KONG (Reuters) – In a first of its kind initiative, HSBC Holdings Plc is backing the launch of a technology startup that aims to connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push. Hong Kong-based Serai, which is a wholly-owned subsidiary of Europe’s biggest Read More

Iran’s parliament approves draft law for new oil, gas condensates refineries

2 days ago DieselGasoil Comments Off on Iran’s parliament approves draft law for new oil, gas condensates refineries
Tehran — Iran’s parliament on Sunday ratified a draft bill allowing private investors to build new oil and gas condensates refineries in the country in a bid to neutralize the US sanctions on the country’s exports of hydrocarbons, the oil ministry’s Shana news service reported. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

U.S. banks clear first hurdle of Federal Reserve’s annual stress test

4 days ago DieselGasoil Comments Off on U.S. banks clear first hurdle of Federal Reserve’s annual stress test
WASHINGTON (Reuters) – The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, after clearing the first stage of their yearly health checks with the U.S. Federal Reserve that assess their ability to weather a major economic downturn. The Read More

Russia squeezing embattled Venezuela for tax-free gas expansion

5 days ago DieselGasoil Comments Off on Russia squeezing embattled Venezuela for tax-free gas expansion
By Fabiola Zerpa and Peter Millard on 6/20/2019 CARACAS and RIO DE JANEIRO (Bloomberg) — Russia’s state-controlled oil giant, Rosneft PJSC, is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap, a potential headache for the U.S. and Europe. An accord signed by both Russia and Venezuela earlier this month Read More

Your money: Buying or refinancing? The mortgage rate frenzy is back

1 week ago DieselGasoil Comments Off on Your money: Buying or refinancing? The mortgage rate frenzy is back
NEW YORK (Reuters) – Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home – or refinance. FILE PHOTO: Homes are seen under construction in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola “It’s amazing how many times a once-in-a-lifetime opportunity comes Read More

EU issues ‘green’ investment guide to help combat climate change

1 week ago DieselGasoil Comments Off on EU issues ‘green’ investment guide to help combat climate change
FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman BRUSSELS (Reuters) – Europe sought to increase the flow of money into businesses that tackle climate change on Tuesday with the publication of European Commission guidelines on what qualifies an investment as environmentally friendly. The European Read More

Banks to include CO2 emission measures in shipping loan decisions

1 week ago DieselGasoil Comments Off on Banks to include CO2 emission measures in shipping loan decisions
LONDON (Reuters) – A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday. FILE PHOTO: Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, U.S., January 30, 2019. Read More

Aiding ‘organized crime’: India alleges 22 audit violations by Deloitte, KPMG arm in fraud case

2 weeks ago DieselGasoil Comments Off on Aiding ‘organized crime’: India alleges 22 audit violations by Deloitte, KPMG arm in fraud case
NEW DELHI (Reuters) – India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters. FILE PHOTO: A bird flies next to Read More