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Equiinor: Natural gas contributes to the low carbon future
7 hours ago DieselGasoil Comments Off on Equiinor: Natural gas contributes to the low carbon future
2/21/2019 Photo: Irene Rummelhoff, Equinor’s executive V.P. for marketing, midstream and processing. STAVANGER — Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29% from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around Read MorePhiladelphia sues seven big banks, alleges municipal bond collusion
8 hours ago DieselGasoil Comments Off on Philadelphia sues seven big banks, alleges municipal bond collusion
NEW YORK (Reuters) – The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking Read MoreExclusive: China central bank sees benchmark rate cut as last resort, may use other tools – sources
18 hours ago DieselGasoil Comments Off on Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools – sources
BEIJING (Reuters) – China’s central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a move, policy sources told Reuters. FILE PHOTO: A Chinese national flag flutters outside the headquarters of the People’s Bank of Read More
Fed flags end to balance sheet runoff, patience on rates
1 day ago DieselGasoil Comments Off on Fed flags end to balance sheet runoff, patience on rates
(Reuters) – The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted “patient” stance on U.S. rates policy will last. For now, policymakers see little risk to leaving interest rates Read MoreExclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent – sources
1 day ago DieselGasoil Comments Off on Exclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent – sources
The corporate logo of the Odebrecht SA construction conglomerate is pictured at its headquarters in Sao Paulo, Brazil August 3, 2018. REUTERS/Paulo Whitaker/File Photo SAO PAULO (Reuters) – Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds’ face value as part of a Read MoreJanuary FOMC minutes: Little risk in pause
1 day ago DieselGasoil Comments Off on January FOMC minutes: Little risk in pause
(Reuters) – Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed’s rate hikes to date on U.S. economic momentum. The Federal Reserve building is Read More
Search for missing Briton in Australia scaled back
2 days ago DieselGasoil Comments Off on Search for missing Briton in Australia scaled back
Police in Australia are scaling back the search for a British tourist and his friend who went missing from a popular beach north of Sydney. Officers said they were reducing the air and sea search for 20-year-old Hugo Palmer and Frenchman Erwan Ferrieux, also 20, more than two days after their belongings were found by Read More