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Bank results curb Wall Street, oil falls as Russia mulls production boost

1 week ago DieselGasoil Comments Off on Bank results curb Wall Street, oil falls as Russia mulls production boost
NEW YORK (Reuters) – Underwhelming quarterly results from U.S. banks limited gains in world stocks on Monday, and oil prices fell after Russia said it and OPEC may decide to boost production. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid Read More

Bank results impede Wall Street; oil falls as Russia mulls more production

1 week ago DieselGasoil Comments Off on Bank results impede Wall Street; oil falls as Russia mulls more production
NEW YORK (Reuters) – World stocks reversed earlier gains on Monday as underwhelming quarterly results from U.S. banks weighed on Wall Street, while oil prices fell as Russia mulled boosting production. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid The Read More

Australian wealth manager IOOF hit with class-action lawsuit

2 weeks ago DieselGasoil Comments Off on Australian wealth manager IOOF hit with class-action lawsuit
SYDNEY (Reuters) – Australia’s embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached sharemarket disclosure obligations. The class-action lawsuit is the ninth against a major financial firm since a public inquiry last year uncovered widespread misconduct in Australia’s financial system, including Read More

Exclusive: Foreign insurers gear up to tap China’s $1.6 trillion pensions business – sources

2 weeks ago DieselGasoil Comments Off on Exclusive: Foreign insurers gear up to tap China’s $1.6 trillion pensions business – sources
HONG KONG (Reuters) – Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies. The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019. Read More

Prairie Provident Announces Confirmation of Revolving Facility Borrowing Base and Amendments to Financial Covenants

2 weeks ago DieselGasoil Comments Off on Prairie Provident Announces Confirmation of Revolving Facility Borrowing Base and Amendments to Financial Covenants
CALGARY, Alberta, April 10, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the confirmation of its US$60 million borrowing base under the Company’s senior secured revolving facility (the “Revolving Facility”). PPR has also finalized terms of amending agreements with Prudential Capital Group (“Prudential”) respecting its Read More

BOE tells some UK lenders to triple amount of liquid assets before Brexit: FT

1 month ago DieselGasoil Comments Off on BOE tells some UK lenders to triple amount of liquid assets before Brexit: FT
FILE PHOTO: City workers walk past the Bank of England in the City of London, Britain, March 29, 2016. REUTERS/Toby Melville/File Photo/File Photo (Reuters) – The Bank of England has told some UK lenders to triple the amount of easy-to-sell assets they hold to help them weather any no-deal Brexit crisis, the Financial Times reported Read More

Wall Street weekahead: Housing shares dependent on economy easing but not falling

2 months ago DieselGasoil Comments Off on Wall Street weekahead: Housing shares dependent on economy easing but not falling
NEW YORK (Reuters) – The pace of U.S. economic growth may prove to be critical for shares of homebuilders, which have climbed sharply as spring approaches. An easing economy that allows for lower interest rates supports an optimistic outlook for the industry, investors say, but any hints of a sustained downturn could sink shares. Traders Read More

Saturn Oil & Gas Provides Operational Update Including Q1 2019 Capital Budget and Production Guidance

2 months ago DieselGasoil Comments Off on Saturn Oil & Gas Provides Operational Update Including Q1 2019 Capital Budget and Production Guidance
CALGARY, Alberta, March 07, 2019 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to provide an operational update, including details of the Company’s Q1/19 capital budget and drilling program (the “Program”), along with forecast average production volumes for the quarter.  Capital Budget & Production Guidance Read More