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JPMorgan profit beats estimates on strength in consumer banking

3 hours ago DieselGasoil Comments Off on JPMorgan profit beats estimates on strength in consumer banking
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a better-than-expected quarterly profit on Tuesday as higher interest income and a modest increase in loans more than made up for lower activity at the bank’s trading desks. A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, Read More

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

18 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

Nomura pays $26.5 million to settle U.S. charges over traders’ lies about bond prices

21 hours ago DieselGasoil Comments Off on Nomura pays $26.5 million to settle U.S. charges over traders’ lies about bond prices
NEW YORK (Reuters) – Nomura Holdings Inc will pay $26.5 million to settle U.S. Securities and Exchange Commission charges that it failed to properly supervise five former traders who lied to customers about mortgage bond prices. FILE PHOTO: Investors stand in front of a screen showing the logo of Nomura Holdings in Tokyo, Japan, December Read More

McDermott wins FEED contract for Sohar LNG bunkering project in Oman

23 hours ago DieselGasoil Comments Off on McDermott wins FEED contract for Sohar LNG bunkering project in Oman
7/15/2019 HOUSTON — McDermott International, Inc., announced it has been awarded a sizeable contract by Total Oman E&P Development B.V. in partnership with Oman Oil Company S.O.A.C. to provide front-end engineering design (FEED) services for the Sohar LNG bunkering project in Oman. This project is intended to establish Oman as a regional LNG bunkering hub Read More

China’s H1 GDP grows 6.3% on year, Q2 rises 6.2%; expands at lowest rate in 27 years

1 day ago DieselGasoil Comments Off on China’s H1 GDP grows 6.3% on year, Q2 rises 6.2%; expands at lowest rate in 27 years
Singapore — China’s National Bureau of Statistics on Monday said the country’s first-half gross domestic product rose 6.3% year on year, while its second-quarter GDP grew 6.2% year on year. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Both reflected the slowest year-on-year pace of growth since 1993. NBS’ Read More

Ultra Petroleum Corp. Announces Termination of Exchange Offer for 7.125% Senior Notes due 2025

4 days ago DieselGasoil Comments Off on Ultra Petroleum Corp. Announces Termination of Exchange Offer for 7.125% Senior Notes due 2025
ENGLEWOOD, Colo., July 11, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (NASDAQ: UPL) today announced that it terminated its previously announced private offer to exchange (the “Exchange Offer”) outstanding 7.125% Senior Notes due 2025 (the “2025 Notes”) of its wholly owned subsidiary, Ultra Resources, Inc. (“Ultra Resources”), for new 9.00% Cash/ 2.50% PIK Read More

Nike goes ahead with investment in new Arizona manufacturing plant

5 days ago DieselGasoil Comments Off on Nike goes ahead with investment in new Arizona manufacturing plant
FILE PHOTO: A customer is reflected in a shop window decorated with Nike store logo at the outlet village Belaya Dacha outside Moscow, Russia, April 23, 2016. REUTERS/Grigory Dukor/File Photo (Reuters) – Nike Inc (NKE.N) said on Thursday it will open a manufacturing facility in Goodyear, Arizona, with a likely investment of at least $184 Read More

Delphi Energy Corp. Announces Extension of Credit Facility

5 days ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Extension of Credit Facility
CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the annual borrowing base redetermination of its senior credit facility has been finalized. The amended credit facility has a borrowing base of $100.0 million reducing to $90.0 million upon the earlier of September 30, 2019 and the completion Read More

Pieridae Negotiates Extensions of Key Deadlines in Its Long-Term LNG Agreement With Uniper

5 days ago DieselGasoil Comments Off on Pieridae Negotiates Extensions of Key Deadlines in Its Long-Term LNG Agreement With Uniper
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES ORDISSEMINATION IN UNITED STATES CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (Pieridae or the Company) (TSXV: PEA) today announced it has negotiated extensions of the key deadlines under its 20-year agreement with German utility Uniper. These include expected commercial deliveries of gas Read More