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Analysis: US crude stocks likely dip last week in wake of Barry-induced shut-ins

16 hours ago DieselGasoil Comments Off on Analysis: US crude stocks likely dip last week in wake of Barry-induced shut-ins
Highlights Crude stocks expected down 4.2 million barrels at 454.8 million barrels Hurricane Barry shuts-in bulk of Gulf of Mexico offshore production Export slowdown likely blunts overall crude draw New York — Production shut-ins in the Gulf of Mexico ahead of Hurricane Barry likely contributed to a sharp decline in US crude stocks last week, Read More

Hold the beers: Budweiser APAC IPO hit by investor push-back

1 day ago DieselGasoil Comments Off on Hold the beers: Budweiser APAC IPO hit by investor push-back
HONG KONG/NEW YORK/BRUSSELS (Reuters) – Scepticism over AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion – poised to be the world’s biggest this year – investors and bankers said, putting would-be floats on notice that careful pricing remains key to success. FILE PHOTO: Portfolio beer brands of Budweiser Brewing Company Read More

Hold the beers: Budweiser APAC IPO fail shows valuations face investor push-back

1 day ago DieselGasoil Comments Off on Hold the beers: Budweiser APAC IPO fail shows valuations face investor push-back
HONG KONG/NEW YORK/LONDON/BRUSSELS (Reuters) – Reluctance to accept AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion – poised to be the world’s biggest this year – investors and bankers said, putting would-be floats on notice that careful pricing remains key to deal success. FILE PHOTO: Portfolio beer brands of Budweiser Read More

New Zealand holds first gun buyback event since Christchurch shootings

3 days ago DieselGasoil Comments Off on New Zealand holds first gun buyback event since Christchurch shootings
By Sharon Marris, news reporter New Zealand has held its first gun buyback session following the tightening of gun laws earlier this year. The changes followed the killings of 51 people at two mosques in the South Island city of Christchurch in March. Just a few days after that attack, New Zealand’s prime minister Jacinda Read More

‘Absolute monster bluffer’: Poker AI smashes elite human players after 8 days of training

4 days ago DieselGasoil Comments Off on ‘Absolute monster bluffer’: Poker AI smashes elite human players after 8 days of training
The list of things that AI can do better than us mere humans has a new addition: bluffing in a Texas Hold ’em poker game. And it was amazingly cheap to train and operate, unlike some previous algorithmic champion players. Human players simply didn’t stand a chance against Pluribus, an AI system developed by researchers Read More

Property speculators hope for investment paradise in southwest China

4 days ago DieselGasoil Comments Off on Property speculators hope for investment paradise in southwest China
XISHUANGBANNA, China (Reuters) – A bus came to a halt amid a tropical rainforest not far from China’s border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow. Villas of real estate property “Viva Villa” developed by Ping An Real Estate are seen under construction in Xishuangbanna Dai Read More

Boeing reshuffles management of grounded 737: memo

5 days ago DieselGasoil Comments Off on Boeing reshuffles management of grounded 737: memo
SEATTLE (Reuters) – Boeing Co (BA.N) has reassigned the head of its next airplane project to run the troubled 737 program, according to a memo seen by Reuters on Thursday, as the grounding of its 737 MAX in the wake of two accidents commands the planemaker’s full attention. FILE PHOTO: Eric Lindblad, Vice President and Read More

Investors pour $28 billion in money-market funds as S&P 500 hit record high: Lipper

5 days ago DieselGasoil Comments Off on Investors pour $28 billion in money-market funds as S&P 500 hit record high: Lipper
(Reuters) – U.S.-based money-market funds attracted about $28 billion in the week ended Wednesday, their largest weekly inflow since mid-May, as the S&P 500 Index rose above 3,000 for the first time on Wednesday. It was money funds’ third consecutive week of cash inflows, with a four-week moving average of $18.8 billion, according to data Read More