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Trump administration to tell California: You can’t make clean car rules

7 hours ago DieselGasoil Comments Off on Trump administration to tell California: You can’t make clean car rules
FILE PHOTO: Morning commuters travel in rush hour traffic towards Los Angeles, California, U.S., March 20, 2019. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – The Trump administration on Thursday is expected to revoke California’s authority to set its own greenhouse gas and vehicle fuel efficiency standards, a move with high stakes for the auto industry, consumers Read More

Subsea 7 S.A. announces details of incentive schemes and share related awards

10 hours ago DieselGasoil Comments Off on Subsea 7 S.A. announces details of incentive schemes and share related awards
Luxembourg – 19 September 2019 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the “Company”) in accordance with the Oslo Børs rules, today announces the details of awards under its 2018 Long-Term Incentive Plan (the “Plan”) approved by the Board on 18 September 2019. The Company will make awards of 1,387,000 performance shares, subject Read More

Purdue Pharma seeks to halt opioid suits against company, Sacklers

16 hours ago DieselGasoil Comments Off on Purdue Pharma seeks to halt opioid suits against company, Sacklers
(Reuters) – OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents. FILE PHOTO: A pharmacist holds a bottle OxyContin made by Purdue Pharma at Read More

U.S. bankers seize on repo-market stress to push for softer liquidity rules

18 hours ago DieselGasoil Comments Off on U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Read More

Trump and California go to war over clean cars

21 hours ago DieselGasoil Comments Off on Trump and California go to war over clean cars
WASHINGTON (Reuters) – U.S. President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers. In a morning flurry of tweets, Read More

Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon

23 hours ago DieselGasoil Comments Off on Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon
WASHINGTON (Reuters) – JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the “right thing” in supporting the overnight funding needs of banks after borrowing costs suddenly spiked on Monday. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative Read More

Exclusive: London Metal Exchange to delay ban on tainted metal until 2025 – sources

1 day ago DieselGasoil Comments Off on Exclusive: London Metal Exchange to delay ban on tainted metal until 2025 – sources
LONDON/BEIJING (Reuters) – The London Metal Exchange (LME) will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said. FILE PHOTO – The offices where the London Metal Exchange is headquartered are seen Read More

Make smartphones last longer to cut emissions in EU: activists’ report

1 day ago DieselGasoil Comments Off on Make smartphones last longer to cut emissions in EU: activists’ report
BRUSSELS (Reuters) – Extending the lifespan of smartphones by just one year would significantly reduce carbon emissions in the European Union, a report from environmental groups said on Wednesday, urging new EU rules to make electronics last longer. FILE PHOTO: Smartphones are pictured at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. Read More