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Death toll in Mozambique cyclone, floods could surpass 1,000: president

11 hours ago DieselGasoil Comments Off on Death toll in Mozambique cyclone, floods could surpass 1,000: president
MAPUTO/HARARE (Reuters) – The number of people killed in a powerful storm and preceding floods in Mozambique could exceed 1,000, the president said on Monday, putting the potential death toll greatly more than current figures. A man looks at a washed away bridge along Umvumvu river in Chimanimani, Zimbabwe March 18, 2019. REUTERS/Philimon Bulawayo Only Read More

At least 157 dead in Zimbabwe, Mozambique as Cyclone Idai leaves trail of destruction

14 hours ago DieselGasoil Comments Off on At least 157 dead in Zimbabwe, Mozambique as Cyclone Idai leaves trail of destruction
HARARE/MAPUTO (Reuters) – Cyclone Idai killed at least 157 people in Zimbabwe and Mozambique as it tore across Southern Africa, officials and state media said on Monday, and vast areas of land have been flooded, roads destroyed and communications disrupted. Flooding caused by Cyclone Idai is seen in Chipinge, Zimbabwe, March 16, 2019 in this Read More

Excavators may be damaging Ethiopia crash site: diplomats

3 days ago DieselGasoil Comments Off on Excavators may be damaging Ethiopia crash site: diplomats
ADDIS ABABA (Reuters) – Trucks and excavators are going onto the site of the Ethiopian Airlines plane crash, causing concern that vital evidence may be lost or crushed, two diplomatic sources said on Friday. Villagers gather wreckages of the Ethiopian Airlines Flight ET 302 plane crash, near the town Bishoftu, near Addis Ababa, Ethiopia March Read More

HK suspends UBS sponsor license, fines it and others $100 million for IPO failures

4 days ago DieselGasoil Comments Off on HK suspends UBS sponsor license, fines it and others $100 million for IPO failures
HONG KONG (Reuters) – Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Read More

Advantage Lithium replaces CEO in wake of college admissions scandal

4 days ago DieselGasoil Comments Off on Advantage Lithium replaces CEO in wake of college admissions scandal
(Reuters) – Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo as he battles U.S. fraud charges connected to a sweeping college admissions scandal. FILE PHOTO: Students walk on the campus of Yale University in New Haven, Connecticut November 12, 2015. REUTERS/Shannon Stapleton/File Photo The company has named board member Read More

U.S. business spending on equipment increases strongly in January

6 days ago DieselGasoil Comments Off on U.S. business spending on equipment increases strongly in January
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods rose by the most in six months in January and shipments increased, pointing to solid business spending on equipment at the start of the year. FILE PHOTO: Caterpillar machines are seen at a construction site in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid Read More

U.S. core capital goods orders post biggest gain in six months

6 days ago DieselGasoil Comments Off on U.S. core capital goods orders post biggest gain in six months
WASHINGTON, (Reuters) – New orders for key U.S.-made capital goods rose by the most in six months in January and shipments increased, pointing to strong business spending on equipment at the start of the year. The Commerce Department said on Wednesday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending Read More

China continues boosting gold reserves as part of its anti-dollar push

7 days ago DieselGasoil Comments Off on China continues boosting gold reserves as part of its anti-dollar push
The People’s Bank of China increased its gold reserves for a third straight month in February, bringing total holdings to 1,874 tons, or 60.26 million ounces. The move is part of China’s strategy to shift away from the US dollar. According to the central bank, it has added about 32 tons of the precious metal Read More

China continues hoarding gold as part of its anti-dollar push

7 days ago DieselGasoil Comments Off on China continues hoarding gold as part of its anti-dollar push
The People’s Bank of China increased its gold reserves for a third straight month in February, bringing total holdings to 1,874 tons, or 60.26 million ounces. The move is part of China’s strategy to shift away from the US dollar. According to the central bank, it has added about 32 tons of the precious metal Read More

U.S. says 737 MAX safe to fly after Ethiopia crash; Boeing shares dip

1 week ago DieselGasoil Comments Off on U.S. says 737 MAX safe to fly after Ethiopia crash; Boeing shares dip
GARA-BOKKA, Ethiopia/WASHINGTON (Reuters) – The United States told airlines it was safe to fly 737 MAX 8 planes on Monday as investigators found two black box recorders that will help piece together the final moments of an Ethiopian Airlines jet before it plunged to the ground on Sunday. China and Indonesia grounded their fleets of Read More