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China’s century? Chinese companies dominate Fortune 500 list

14 hours ago DieselGasoil Comments Off on China’s century? Chinese companies dominate Fortune 500 list
China has overtaken its trade war rival, the US, for the first time in a new list of the world’s largest companies by revenue. Since the Global 500 debut in 1990, the list has, until now, been dominated by American firms. As the world balance of power shifts, Chinese companies took 129 spots, including 10 Read More

Carmakers race higher, Johnson jitters for sterling

15 hours ago DieselGasoil Comments Off on Carmakers race higher, Johnson jitters for sterling
LONDON (Reuters) – A speeding autos sector and hopes for even lower borrowing costs buoyed world stocks on Tuesday, while a brief sterling rally proved short-lived as hard-Brexit advocate Boris Johnson was confirmed as Britain’s new prime minister. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More

Fitch & Moody’s cut Boeing’s debt outlook over 737 MAX crisis

18 hours ago DieselGasoil Comments Off on Fitch & Moody’s cut Boeing’s debt outlook over 737 MAX crisis
International rating agencies Fitch and Moody’s have downgraded their outlooks for Boeing from “stable” to “negative,” citing uncertainty and delays in the plane maker’s 737 MAX jets’ return to service. The revision follows Boeing’s nearly $5 billion in quarterly losses related to the grounding of the jets over two recent deadly crashes. “The MAX situation Read More

U.S. farmers look past trade fears to cash in on China’s hog crisis

1 day ago DieselGasoil Comments Off on U.S. farmers look past trade fears to cash in on China’s hog crisis
WALCOTT, Iowa/LONDON (Reuters) – It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs. FILE PHOTO: A chef cuts U.S. imported pork ribs that were smoked at the Read More

Fitch, Moody’s cut Boeing’s debt outlook to ‘negative’ on 737 MAX problems

1 day ago DieselGasoil Comments Off on Fitch, Moody’s cut Boeing’s debt outlook to ‘negative’ on 737 MAX problems
(Reuters) – Fitch Ratings and Moody’s lowered their outlooks for Boeing Co (BA.N) to “negative” from “stable” on Monday, citing delays in its 737 MAX jets’ return to service. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken Read More

Netflix sinks on subscriber losses, analysts still see growth

5 days ago DieselGasoil Comments Off on Netflix sinks on subscriber losses, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price. Shares in the company fell 11% in morning trade, as investors worried Read More

Netflix shares sink 11%, analysts still see growth

6 days ago DieselGasoil Comments Off on Netflix shares sink 11%, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Read More

Number of financially distressed oil, gas companies increasing: S&P Ratings

1 week ago DieselGasoil Comments Off on Number of financially distressed oil, gas companies increasing: S&P Ratings
Highlights Some companies may not escape financial trouble this year To lower costs, some companies have struck merger deals Houston — The number of oil and natural gas companies in financial distress is starting to rise as investors lose interest, access to more credit is throttled, and companies struggle to live within cash flows, S&P Read More

Pemex seeks to reverse oil declines, balance budgets

1 week ago DieselGasoil Comments Off on Pemex seeks to reverse oil declines, balance budgets
By Amy Stillman on 7/16/2019 MEXICO CITY (Bloomberg) — Mexico’s Petroleos Mexicanos aims to balance its budget by 2021 and reverse a decade and half of declining crude production as early as next year. Under the presidency of Andres Manuel Lopez Obrador, Pemex will invest 1.95 trillion pesos ($102 billion) by 2024, it said in Read More