newszine

German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

2 hours ago DieselGasoil Comments Off on German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse
FRANKFURT (Reuters) – German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands. Germany’s two largest banks announced that nearly six weeks of high-level negotiations about a Read More

How much of the EU does China own? RT’s Boom Bust is here with the answer

3 hours ago DieselGasoil Comments Off on How much of the EU does China own? RT’s Boom Bust is here with the answer
China’s investments in the EU have seen a significant surge over the past decade. Nearly 9.5 percent of the bloc’s foreign-owned firms have their ownership based in China, Hong Kong, and Macau, up from 2.5 percent in 2007. Chinese entities reportedly operate, partially or wholly, at least four airports, six seaports, wind-farms in nine countries Read More

Fed done raising rates; cut by end-2020 growing more likely: Reuters poll

4 hours ago DieselGasoil Comments Off on Fed done raising rates; cut by end-2020 growing more likely: Reuters poll
BENGALURU (Reuters) – The U.S. Federal Reserve is done raising interest rates until at least the end of next year, while about a third of economists polled by Reuters who had a view that far out predicted at least one rate cut by then. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured Read More

Wall Street bankers make triumphant return to Saudi Arabia just in time for mass beheadings

4 hours ago DieselGasoil Comments Off on Wall Street bankers make triumphant return to Saudi Arabia just in time for mass beheadings
Global finance leaders, who boycotted the Saudi investment summit last year over the murder of journalist Jamal Khashoggi, have returned to Riyadh despite the beheadings of dozens of people this week. Big investors, particularly from Wall Street, joined panels at the two-day financial forum which began on Wednesday in Riyadh. Larry Fink, CEO of US Read More

Tesla promises return to profit in third quarter after large loss, may raise more capital

17 hours ago DieselGasoil Comments Off on Tesla promises return to profit in third quarter after large loss, may raise more capital
(Reuters) – Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Read More

Visa profit jumps, lower cross-border volume weighs on shares

17 hours ago DieselGasoil Comments Off on Visa profit jumps, lower cross-border volume weighs on shares
(Reuters) – Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher. FILE PHOPTO: Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team, in Read More

Oil hovers near six-month high as U.S. stockpile build counters supply fears

18 hours ago DieselGasoil Comments Off on Oil hovers near six-month high as U.S. stockpile build counters supply fears
NEW YORK (Reuters) – Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing Read More

Kim in Russia for 1st summit with Putin – 18 yrs after his father

19 hours ago DieselGasoil Comments Off on Kim in Russia for 1st summit with Putin – 18 yrs after his father
Much like his father 18 years ago, Kim Jong-un arrived in Russia by armored train on Wednesday to much fanfare — but while the trip has echoes of history, the circumstances are much different. The late Kim Jong-il’s trip to Moscow in 2001 came at a time when North Korea’s missile program had just begun Read More

U.S. Justice staff seek Goldman guilty plea in 1MDB settlement: FT

19 hours ago DieselGasoil Comments Off on U.S. Justice staff seek Goldman guilty plea in 1MDB settlement: FT
FILE PHOTO: The Goldman Sachs Headquarters building is pictured in the Manhattan borough of New York City, New York, U.S., December 19, 2018. REUTERS/Carlo Allegri (Reuters) – A U.S. government settlement with Goldman Sachs Group Inc over its role in the 1MDB corruption scandal should include a guilty plea at the parent company level, U.S. Read More