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Out of the shadows: Australia’s finance regulator told to be more ‘forceful’

29 mins ago DieselGasoil Comments Off on Out of the shadows: Australia’s finance regulator told to be more ‘forceful’
SYDNEY (Reuters) – Australia’s prudential regulator should become less “discreet” and be given more power, including the ability to veto corporate boardroom hires, a government report said, in a sign oversight bodies are being dragged into a banking sector clean-up. The Australian Prudential Regulation Authority (APRA) may need more resources and an expanded armory of Read More

Sports Direct delays results as House of Fraser deal backfires

6 hours ago DieselGasoil Comments Off on Sports Direct delays results as House of Fraser deal backfires
LONDON (Reuters) – British retailer Sports Direct (SPD.L) has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December. Shares in the company, controlled by Newcastle United soccer club owner Mike Ashley, dropped as much Read More

Facebook vows Libra currency will wait for approval as U.S. airs worries

13 hours ago DieselGasoil Comments Off on Facebook vows Libra currency will wait for approval as U.S. airs worries
WASHINGTON (Reuters) – Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity. David Marcus, who oversees Facebook’s blockchain efforts, planned Read More

U.S. Gulf of Mexico oil, gas producers begin restarting after Barry

17 hours ago DieselGasoil Comments Off on U.S. Gulf of Mexico oil, gas producers begin restarting after Barry
HOUSTON (Reuters) – U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf Read More

ADM Energy appoints new CEO

21 hours ago DieselGasoil Comments Off on ADM Energy appoints new CEO
7/15/2019 LONDON — ADM Energy, an oil and gas investing company quoted on AIM, has announced the appointment of Osamede Okhomina as Chief Executive Officer with immediate effect. Osamede Okhomina, CEO, ADM Energy. The appointment further strengthens the executive team and Board for the next phase of the Company’s development and follows the non-Board appointment Read More

Facebook official says regulatory concerns to be addressed before Libra launch

22 hours ago DieselGasoil Comments Off on Facebook official says regulatory concerns to be addressed before Libra launch
FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – Facebook Inc’s top official overseeing the launch of its Libra cryptocurrency plans to tell U.S. lawmakers the company will not launch the digital currency until regulatory concerns and Read More

U.S. regulators approve $5 billion Facebook settlement over privacy issues: source

4 days ago DieselGasoil Comments Off on U.S. regulators approve $5 billion Facebook settlement over privacy issues: source
(Reuters) – The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc (FB.O) this week over its investigation into the social media company’s handling of user data, a source familiar with the situation said on Friday. Small toy figures are seen in front of Facebook logo in this illustration picture, April Read More

U.S. regulators approve $5 billion Facebook settlement over privacy issues: WSJ

4 days ago DieselGasoil Comments Off on U.S. regulators approve $5 billion Facebook settlement over privacy issues: WSJ
Small toy figures are seen in front of Facebook logo in this illustration picture, April 8, 2019. REUTERS/Dado Ruvic/Illustration (Reuters) – The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc (FB.O) this week over its investigation into the social media company’s handling of user data, the Wall Street Journal reported Read More

Visa vows not to refuse to process payments in Russia in compliance with US sanctions

4 days ago DieselGasoil Comments Off on Visa vows not to refuse to process payments in Russia in compliance with US sanctions
International payment organization Visa said it is ready to comply with Russian law on the national card system to continue smooth operations in the country. The company pledged to process all transactions despite US sanctions. The firm’s press service told TASS Russia is a strategically important market for Visa. It has dismissed concerns that new Read More

Storm Barry cuts half U.S. Gulf Coast oil output, flooding fears close coastal refinery

5 days ago DieselGasoil Comments Off on Storm Barry cuts half U.S. Gulf Coast oil output, flooding fears close coastal refinery
HOUSTON (Reuters) – An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day of oil production, 53% of Gulf of Mexico’s Read More