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Sequa Petroleum N.V. Bonds and Business Development Update

1 hour ago DieselGasoil Comments Off on Sequa Petroleum N.V. Bonds and Business Development Update
As reported in press releases of Sequa Petroleum N.V.  (the “Company”) (14 November 2016, 17 March, 15 May and 14 November 2017, and 15 May and 14 November 2018), a number of potential defaults have occurred with respect to the Company’s USD 300,000,000 5.00 per cent Convertible Bonds due 2020 of which USD 204,400,000 in Read More

KPMG subject of second UK investigation over Carillion audit

3 hours ago DieselGasoil Comments Off on KPMG subject of second UK investigation over Carillion audit
FILE PHOTO: The logo of KPMG, a professional service company is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau LONDON (Reuters) – Britain’s Financial Reporting Council (FRC) has opened a second investigation into how accounting firm KPMG audited the books of collapsed UK construction company Carillion, Read More

Asian shares, oil skid on global growth worries

5 hours ago DieselGasoil Comments Off on Asian shares, oil skid on global growth worries
SYDNEY (Reuters) – Asian shares stumbled and oil prices fell on Tuesday as pessimism about world growth drove investors away from risky assets, while sterling ticked lower in the face of the latest twists and turns in the Brexit saga. FILE PHOTO: A woman walks in strong wind caused by Typhoon Lan, past an electronic Read More

UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead

5 hours ago DieselGasoil Comments Off on UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – UBS (UBSG.S) on Tuesday posted a $690 million fourth-quarter pre-tax profit, hit by a slowdown in its flagship wealth management business and weaker earnings in its investment bank. On an adjusted basis, fourth-quarter Read More

Asian shares, U.S. stock futures dented by growth worries

8 hours ago DieselGasoil Comments Off on Asian shares, U.S. stock futures dented by growth worries
SYDNEY (Reuters) – Asian shares and U.S. stock futures slipped on Tuesday as pessimism about world growth drove investors away from risky assets, while sterling dithered as the latest plan for Brexit appeared to come and go with no progress. FILE PHOTO: A woman walks in strong wind caused by Typhoon Lan, past an electronic Read More

Asian shares, U.S. stock futures slip as growth worries loom

10 hours ago DieselGasoil Comments Off on Asian shares, U.S. stock futures slip as growth worries loom
SYDNEY (Reuters) – Asian shares and U.S. stock futures slipped on Tuesday amid signs of pessimism about world growth, while sterling dithered as the latest plan for Brexit appeared to come and go with no progress. A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside Read More

BHP has reported its second-half 2018 operations review

11 hours ago DieselGasoil Comments Off on BHP has reported its second-half 2018 operations review
1/21/2019 HOSUTON — Below are the highlights of BHP’s second-half 2018 upstream operations review: Full year unit costs for all major assets are expected to be in line with guidance(2), predominantly reflecting stronger anticipated volumes in the second half of the year. However, unit costs were tracking above full year guidance at the December 2018 Read More

Oil steadies near two-month high as U.S. drilling slows down

12 hours ago DieselGasoil Comments Off on Oil steadies near two-month high as U.S. drilling slows down
By Grant Smith and Robert Tuttle on 1/21/2019 Drilling rig in Bakken shale play. Photo: Marathon. LONDON and CALGARY (Bloomberg) — Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures rose 0.2% Monday after surging 3.3% Read More

Germany has no legal grounds to meddle in Russian gas pipeline project to Europe – Berlin official

23 hours ago DieselGasoil Comments Off on Germany has no legal grounds to meddle in Russian gas pipeline project to Europe – Berlin official
The German government has no legal basis to interfere in the Nord Stream 2 pipeline construction, Federal Minister for Economic Affairs and Energy Peter Altmaier said as he hit back at critics of the Russian-led gas project. In an interview published Sunday, Altmaier stressed that Nord Stream 2 meets all legal criteria, including permissions to Read More

Germany has no legal grounds to meddle in Nord Stream 2 project – Berlin official

1 day ago DieselGasoil Comments Off on Germany has no legal grounds to meddle in Nord Stream 2 project – Berlin official
The German government has no legal basis to interfere in the Nord Stream 2 pipeline construction, Federal Minister for Economic Affairs and Energy Peter Altmaier said as he hit back at critics of the Russian-led gas project. In an interview published Sunday, Altmaier stressed that Nord Stream 2 meets all legal criteria, including permissions to Read More