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Thailand’s PTTEP boosts Middle East assets with $622 mil Partex acquisition

5 hours ago DieselGasoil Comments Off on Thailand’s PTTEP boosts Middle East assets with $622 mil Partex acquisition
Singapore — Thailand’s PTT Exploration and Production Public Co Ltd has made its largest venture into the Middle East with the $622 million acquisition of Partex Holding BV from the Calouste Gulbenkian Foundation, underscoring how Southeast Asia’s national oil companies are building up an increasingly global upstream portfolio. Not registered? Receive daily email alerts, subscriber Read More

Billionaire Patrick Drahi snaps up Sotheby’s in $3.7 billion deal

20 hours ago DieselGasoil Comments Off on Billionaire Patrick Drahi snaps up Sotheby’s in $3.7 billion deal
PARIS/BOSTON (Reuters) – Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby’s in a deal worth $3.7 billion, marking the storied art auction house’s return to private ownership after 31 years. FILE PHOTO: Employees take telephone bids during a contemporary art day auction at Sotheby’s in London, Britain, Read More

After Woodford fund suspension, focus turns to its stewards

22 hours ago DieselGasoil Comments Off on After Woodford fund suspension, focus turns to its stewards
LONDON (Reuters) – The suspension of Neil Woodford’s flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly. FILE PHOTO: Neil Woodford, founder and fund manager at Woodford Investment Management, is seen in this undated handout picture released on June 10, 2019. Jonathan Atkins/Handout Read More

U.S. chipmakers quietly lobby to ease Huawei ban

1 day ago DieselGasoil Comments Off on U.S. chipmakers quietly lobby to ease Huawei ban
SAN FRANCISCO/WASHINGTON (Reuters) – Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said. FILE PHOTO: A Huawei company logo is seen at a shopping mall Read More

US tech giants are losing billions, quietly lobby to ease Huawei ban – report

1 day ago DieselGasoil Comments Off on US tech giants are losing billions, quietly lobby to ease Huawei ban – report
Highly concerned over an imminent loss of billions of dollars in trade with Huawei, Silicon Valley giants have been quietly lobbying the Trump administration to ease its ban on sales of components to the Chinese tech firm. Huawei spent about $11 billion last year buying components from dozens of US companies, including chips from Qualcomm, Read More

U.S. chipmakers quietly lobby to ease Huawei ban: sources

2 days ago DieselGasoil Comments Off on U.S. chipmakers quietly lobby to ease Huawei ban: sources
SAN FRANCISCO/WASHINGTON (Reuters) – Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said. FILE PHOTO: A Huawei company logo is seen at a shopping mall Read More

Reckitt picks PepsiCo man as CEO, going outside for first time

6 days ago DieselGasoil Comments Off on Reckitt picks PepsiCo man as CEO, going outside for first time
(Reuters) – Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals. FILE PHOTO: Products produced by Reckitt Benckiser; Vanish, Finish, Dettol and Harpic, are seen in London, Britain February Read More

Natural gas price plunge signals greener start for 2019 in U.S. and EU

7 days ago DieselGasoil Comments Off on Natural gas price plunge signals greener start for 2019 in U.S. and EU
By Mathew Carr and Vanessa Dezem on 6/11/2019 LONDON and FRANKFURT (Bloomberg) — Tumbling natural gas prices have set the power generation industries in the U.S. and Europe off to a greener start this year. Triggering the latest decline was a mild winter in Europe and China, which curbed demand at the same time as Read More

Week Ahead: Once Again Charts and Data Will Trump Words and Tweets

1 week ago DieselGasoil Comments Off on Week Ahead: Once Again Charts and Data Will Trump Words and Tweets
From both a technical and a fundamental perspective, the stock market looks poised right now to break one way or the other. The short-term moves are being driven by headlines about trade, but the longer-term trends are being set by something else. Investors will learn a lot more about that Read More

Parex Announces Andina Norte Discovery and Test of 2,900 bopd

1 week ago DieselGasoil Comments Off on Parex Announces Andina Norte Discovery and Test of 2,900 bopd
CALGARY, Alberta, June 10, 2019 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update, highlighted by the testing of the Capachos Block Andina Norte-1 well in the Guadalupe Formation. Capachos(WI Parex 50%, Ecopetrol S.A 50%): Read More