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Blackstone weighs Cheniere Energy Partners stake sale: Bloomberg

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FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) – Blackstone Group Inc is considering selling its stake in LNG producer Cheniere Energy Inc’s limited partnership seven years after Read More

Funds managing $2 trillion urge cement makers to act on climate impact

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LONDON (Reuters) – European funds managing $2 trillion in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk. With the extreme weather and natural disasters associated with climate change intensifying around the world, some asset managers are Read More

UK parliamentary committee questions StanChart’s remuneration policy

1 day ago DieselGasoil Comments Off on UK parliamentary committee questions StanChart’s remuneration policy
FILE PHOTO: A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – The head of the British parliament’s Work and Pensions Committee has written to the chair of Standard Chartered Plc’s (STAN.L) remuneration committee questioning the bank’s executive pension pay levels after more Read More

Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal

3 days ago DieselGasoil Comments Off on Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal
7/19/2019 NEW YORK – Schlumberger’s Paal Kibsgaard may be leaving his job, but he’ll collect paychecks for years to come. The outgoing chief executive officer will continue to lift his $2 million annual salary through July 31, 2022, in exchange for providing “certain services” and agreeing not to take a job at a rival, according Read More

BNY Mellon vows to stem billions in outflows from index products

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BOSTON (Reuters) – BNY Mellon Corp’s push to reinvigorate its money management business has yet to stem a continuous outflow of client cash from its $322 billion complex of index-based investment products. BNY Mellon executives delivered more bad news on Wednesday when they detailed $22 billion in net withdrawals from index portfolios during the second Read More

CQS looking to grow U.S. presence under new CEO Rolet

6 days ago DieselGasoil Comments Off on CQS looking to grow U.S. presence under new CEO Rolet
(Reuters) – CQS, the London-based global multi-strategy credit-focused asset management firm with $17.7 billion in assets, is looking to grow its presence in the United States, Xavier Rolet, who took over the chief executive officer role from its founder in January, said. “The U.S. has 55% of the world’s financial assets and is the largest Read More

Out of the shadows: Australia’s finance regulator told to be more ‘forceful’

7 days ago DieselGasoil Comments Off on Out of the shadows: Australia’s finance regulator told to be more ‘forceful’
SYDNEY (Reuters) – Australia’s prudential regulator should become less “discreet” and be given more power, including the ability to veto corporate boardroom hires, a government report said, in a sign oversight bodies are being dragged into a banking sector clean-up. The Australian Prudential Regulation Authority (APRA) may need more resources and an expanded armory of Read More

European startups navigate long, winding road to self-driving future

2 weeks ago DieselGasoil Comments Off on European startups navigate long, winding road to self-driving future
OXFORD, England (Reuters) – Far from the sunny, wide streets of Phoenix, where Waymo’s self-driving taxis ply their trade, a handful of European startups are developing driverless cars to navigate the clogged, chaotic, rain-swept roads of European cities. Startups such as Oxbotica, FiveAI and Wayve that are testing cars in Britain say the old continent Read More

Rice group set to take control of EQT board in proxy contest: sources

2 weeks ago DieselGasoil Comments Off on Rice group set to take control of EQT board in proxy contest: sources
BOSTON (Reuters) – Brothers Toby and Derek Rice are on course to win control of EQT Corp’s board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with the matter said on Tuesday. Enough votes have been cast for the Rice brothers to defeat EQT’s Read More

Rice group set to take control of EQT board in proxy contest: source

2 weeks ago DieselGasoil Comments Off on Rice group set to take control of EQT board in proxy contest: source
BOSTON (Reuters) – Brothers Toby and Derek Rice are on course to win control of EQT Corp’s board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with the matter said on Tuesday. Enough votes have been cast for the Rice brothers to defeat EQT’s Read More