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Italy central bank to spurn firms that don’t go green

2 days ago DieselGasoil Comments Off on Italy central bank to spurn firms that don’t go green
FILE PHOTO: Banca D’Italia (Bank of Italy) sign is seen in downtown Rome, Italy, October 19, 2018. REUTERS/Alessandro Bianchi ROME (Reuters) – The Bank of Italy plans to adopt investment criteria which reward companies that take action on climate change, joining other central banks, commercial banks and fund managers in ratcheting up pressure on boardrooms Read More

French not amused by US pressure to withdraw Cannes award from ‘racist, misogynist’ Alain Delon

5 days ago DieselGasoil Comments Off on French not amused by US pressure to withdraw Cannes award from ‘racist, misogynist’ Alain Delon
US social justice activists incensed at the Cannes Festival’s intent to honor Alain Delon have started a petition to stop it, citing the legendary actor’s “close-minded” views. The festival, and the French public, were not amused. Cannes organizers have held firm in their intent to honor the actor, now 83, with a Palme d’Or for Read More

No easy options for China as trade war, U.S. pressure bite

5 days ago DieselGasoil Comments Off on No easy options for China as trade war, U.S. pressure bite
BEIJING (Reuters) – China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, Read More

Nissan faces long, rocky road to cut U.S. discounts, rental sales

6 days ago DieselGasoil Comments Off on Nissan faces long, rocky road to cut U.S. discounts, rental sales
DETROIT/TOKYO (Reuters) – Nissan Motor Co Ltd said on Tuesday it had hit “rock bottom” with a 45% drop in annual operating profit. The automaker’s troubles in the United States, including a failure to deliver on a slew of promises to dealers, are a major reason why. FILE PHOTO: A finished Nissan Altima comes off Read More

Qualcomm awards CEO with $3.5 million bonus after multi-billion settlement with Apple

1 week ago DieselGasoil Comments Off on Qualcomm awards CEO with $3.5 million bonus after multi-billion settlement with Apple
Qualcomm has granted generous bonuses to its top management, with its CEO enjoying the biggest reward with over $3.5 million at the current share price after a legal fight with Apple brought billions in earnings to the chipmaker. The San Diego-based company revealed the amount of bonuses in an SEC filing on Friday. The document Read More

‘Send him into space’: Science and tech minister mocked for claiming Hubble was launched by Pakistan

2 weeks ago DieselGasoil Comments Off on ‘Send him into space’: Science and tech minister mocked for claiming Hubble was launched by Pakistan
Pakistan’s minister for science and technology has been mocked on Twitter after claiming that it was Pakistani space agency SUPARCO, not NASA, that launched the iconic Hubble telescope. Mistakes are an unavoidable part of life but this particular gaffe from Fawad Chaudhry left many people open-mouthed and totally bewildered. Speaking to the local television on Read More

Hedge fund Voce urges Argo to slash expenses, nominates five directors

3 weeks ago DieselGasoil Comments Off on Hedge fund Voce urges Argo to slash expenses, nominates five directors
BEVERLY HILLS, Calif. (Reuters) – An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut $100 million in expenses, including corporate jets and housing for its chief executive. Voce Capital Management LLC wants Argo shareholders to back its plan to double return on equity at Read More

Voce says Argo ROE could double with cost cuts, nominates five directors

3 weeks ago DieselGasoil Comments Off on Voce says Argo ROE could double with cost cuts, nominates five directors
BEVERLY HILLS, Calif. (Reuters) – An activist hedge fund said on Tuesday that insurance company Argo Group International Holdings Ltd could double its return on equity if it cut $100 million in costs, including millions spent on corporate jets and housing for its chief executive. Voce Capital Management LLC is asking Argo shareholders to install Read More

Jaguar Land Rover planning to allow helpful car drivers to earn cryptocurrency

3 weeks ago DieselGasoil Comments Off on Jaguar Land Rover planning to allow helpful car drivers to earn cryptocurrency
(Reuters) – Jaguar Land Rover, Britain’s largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. The logo of British manufacturer Jaguar is seen on a Jaguar F-Pace SUV car in Zurich, Switzerland, August 10, 2017. REUTERS/Arnd Read More