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Third Point claims 300 percent return on activism since 2011

2 hours ago DieselGasoil Comments Off on Third Point claims 300 percent return on activism since 2011
BOSTON (Reuters) – Pushing companies to perform better has earned Third Point a 300 percent return in the last eight years, the hedge fund told investors in a letter on Thursday, praising management at some of its targets for taking the right steps. FILE PHOTO: Daniel S. Loeb, founder of Third Point LLC, participates in Read More

Hedge fund Third Point praises Nestle chief in letter to investors

3 hours ago DieselGasoil Comments Off on Hedge fund Third Point praises Nestle chief in letter to investors
FILE PHOTO: Nestle Chief Executive Mark Schneider attends the opening of the 151st Annual General Meeting of Nestle in Lausanne, Switzerland April 12, 2018. REUTERS/Pierre Albouy/File Photo BOSTON (Reuters) – Hedge fund Third Point told investors in a letter on Thursday that it was happy with progress at some of its biggest holdings, including Nestle Read More

China bans Australian coal imports as diplomatic tensions over Huawei intensify

5 hours ago DieselGasoil Comments Off on China bans Australian coal imports as diplomatic tensions over Huawei intensify
One of China’s biggest ports has put restrictions on shipments of coal from Australia, its top supplier of anthracite, casting a shadow upon Australia’s second largest export earner. The Port of Dalian is set to cap overall coal imports from all sources at 12 million tons until the end of 2019, according to an official Read More

Nike stumbles into social media storm after basketball star's shoe splits

6 hours ago DieselGasoil Comments Off on Nike stumbles into social media storm after basketball star's shoe splits
NEW YORK (Reuters) – A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction. Zion Williamson, a 6-foot-7-inch freshman forward Read More

Musk’s ambitious new ‘Starship’ project might be undone… by bird poop

8 hours ago DieselGasoil Comments Off on Musk’s ambitious new ‘Starship’ project might be undone… by bird poop
SpaceX’s new launch vehicle system, called Starship, will replace its current rockets, and may be the first craft to bring humans to Mars. The high tech ship has one potential weakness, however: bird poop. Starship will reportedly be fully reusable and extremely cheap to launch. Musk has made the rather bold claim that round-trip tickets Read More

Swedish and Estonian watchdogs open joint Swedbank probe

8 hours ago DieselGasoil Comments Off on Swedish and Estonian watchdogs open joint Swedbank probe
STOCKHOLM (Reuters) – Sweden’s and Estonia’s financial watchdogs have opened a joint investigation following a media report linking Swedbank to a Baltic money laundering scandal involving Danske Bank, they said on Thursday. FILE PHOTO: Swedbank’s logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, in this May 10, 2014 file photo. REUTERS/Ints Kalnins/File Photo Read More

Empty supertankers reveal truths about today's oil market

8 hours ago DieselGasoil Comments Off on Empty supertankers reveal truths about today's oil market
By Firat Kayakiran on 2/21/2019 LONDON (Bloomberg) — They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.  In normal times, the vessels would be filled with heavy, high sulfur Read More

Former teacher & mother of 4 becomes Russia’s 2nd female billionaire

10 hours ago DieselGasoil Comments Off on Former teacher & mother of 4 becomes Russia’s 2nd female billionaire
The owner of Russia’s biggest web retailer, Tatyana Bakalchuk, has entered the list of Russian billionaires. She managed to build her company, Wildberries, from scratch into a US$1.2 billion firm. This year, Wildberries – the leader of Russian online retailing, where you can find hundreds of thousands of items from clothing to electronics – has Read More

Swedish watchdog calls Swedbank money laundering report 'very serious'

12 hours ago DieselGasoil Comments Off on Swedish watchdog calls Swedbank money laundering report 'very serious'
STOCKHOLM (Reuters) – Sweden’s financial watchdog said allegations in a media report linking Swedbank to a Baltic money laundering scandal, involving Danske Bank were “very serious” as shares in the Swedish bank tumbled on Thursday. Danske is being investigated in five countries over some 200 billion euros ($226 billion) of suspicious payments from Russia, ex-Soviet Read More