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Exclusive: Fed's Williams says new economic outlook necessary for rate hikes

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NEW YORK (Reuters) – New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now, and sees no need to raise them again unless growth or inflation shifts to an unexpectedly higher gear. FILE PHOTO: John Williams, gestures as he addresses a news conference in Read More

Trump says March 1 deadline for China trade talks not 'magical' date

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WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a “magical” date. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, Read More

'Phantom volcanoes' may hide more oil and gas in the North Sea: study

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OSLO (Reuters) – An unexplored 7,000 square kilometer (2,700 square mile) swathe of the British North Sea, previously thought to contain empty chambers left by three extinct volcanoes, may hide oil and gas instead, the University of Aberdeen said on Tuesday. FILE PHOTO: Drilling rigs are parked up in the Cromarty Firth near Invergordon, Scotland, Read More

Qatar Petroleum launches energy sector localization program – TAWTEEN

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2/18/2019 Photo: Saad Sherida Al-Kaabi, president CEO Qatar Petroleum. QATAR — His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and Interior Minister, launched Qatar Petroleum’s Localization Program for Services and Industries in the Energy Sector “TAWTEEN” – an initiative to enhance localizing the sector’s supply chain and expand the small and Read More

UK plans to make plastic packaging producers pay for waste disposal

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LONDON (Reuters) – Britain is to set out plans to overhaul its recycling system on Monday, including making plastic packaging producers pay the full cost of dealing with their waste and introducing a deposit return scheme for cans and bottles. FILE PHOTO – Plastic and other waste is seen floating on the Marine Lake at Read More

Visa, Mastercard mull increasing fees for processing transactions: WSJ

3 days ago DieselGasoil Comments Off on Visa, Mastercard mull increasing fees for processing transactions: WSJ
(Reuters) – Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to raise certain fees levied on U.S. merchants for processing transactions from this April, the Wall Street Journal reported on Friday, citing people familiar with the matter. FILE PHOTO: A Mastercard logo is seen on a credit card in this Read More

Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade

4 days ago DieselGasoil Comments Off on Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix. FILE PHOTO: A digital LED price sign of state-owned company Petroleos Mexicanos (PEMEX) shows their Read More

Fed policymakers see one U.S. rate hike, or none, as growth slows

4 days ago DieselGasoil Comments Off on Fed policymakers see one U.S. rate hike, or none, as growth slows
BIRMINGHAM, Ala./SAN FRANCISCO (Reuters) – When the Federal Reserve last month adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, Read More

Citigroup CEO gets $24 million as compensation in 2018

4 days ago DieselGasoil Comments Off on Citigroup CEO gets $24 million as compensation in 2018
(Reuters) – Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million. FILE PHOTO: Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne Corbat’s total compensation included Read More

Mexico will do whatever it takes to prevent Pemex downgrade

4 days ago DieselGasoil Comments Off on Mexico will do whatever it takes to prevent Pemex downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said on Friday, promising to do “whatever is takes” to strengthen its finances and prevent a further credit downgrade. FILE PHOTO: A gas station of state oil firm Petroleos Mexicanos (Pemex), which Read More