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

2 days 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

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

3 days 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

GE to lose majority control of Baker Hughes with up to $3 billion share sale

1 week ago DieselGasoil Comments Off on GE to lose majority control of Baker Hughes with up to $3 billion share sale
(Reuters) – General Electric (GE.N) is looking to raise up to $3 billion in sale of majority-owned Baker Hughes (BHGE.N) shares, resulting in a reduction of the U.S industrial conglomerate’s stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday. A screen displays the logo for Baker Hughes on the Read More

Baker Hughes says GE’s presence on its board to shrink

1 week ago DieselGasoil Comments Off on Baker Hughes says GE’s presence on its board to shrink
A screen displays the logo for Baker Hughes on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2019. REUTERS/Brendan McDermid (Reuters) – Baker Hughes (BHGE.N) said on Tuesday it would repurchase $250 million worth of its stock from General Electric Co (GE.N) and the industrial conglomerate’s presence in Read More

Almost one-fifth of Britons ‘do not use internet’

2 weeks ago DieselGasoil Comments Off on Almost one-fifth of Britons ‘do not use internet’
Almost 20% of British people are not using the internet, a survey suggests. The detailed in-home survey of almost 2,000 Britons found that 18% described themselves as non-users. The Oxford Internet Institute (OII), which carried out the research, said people falling into the category tended to be older and poorer than frequent net users. The Read More

Citigroup doubles down on credit cards even as U.S. economy softens

2 weeks ago DieselGasoil Comments Off on Citigroup doubles down on credit cards even as U.S. economy softens
NEW YORK (Reuters) – Despite signs that the U.S. economy is slowing, New York-based Citigroup Inc (C.N) is betting big on credit cards. Balance transfer envelopes are pictured in a Reuters office in New York, U.S., September 5, 2019. Picture taken September 5, 2019. REUTERS/Lucas Jackson Citigroup, the third-largest U.S. card issuer, according to payments Read More

Argentina opposition front-runner strikes populist tone in Madrid, markets hold steady

2 weeks ago DieselGasoil Comments Off on Argentina opposition front-runner strikes populist tone in Madrid, markets hold steady
By Jorge Otaola, Cassandra Garrison and Andrés González Argentinian presidential candidate Alberto Fernandez prepares to give a speech at the Parliament in Madrid, Spain, September 5, 2019.REUTERS/Juan Medina BUENOS AIRES/MADRID (Reuters) – Argentina’s likely next president, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine Read More

T-Mobile US workers worry Sprint deal will mean job losses

2 weeks ago DieselGasoil Comments Off on T-Mobile US workers worry Sprint deal will mean job losses
FILE PHOTO: Pedestrians walk past a T-Mobile store in New York, U.S., April 27, 2018. REUTERS/Lucas Jackson/File Photo WASHINGTON (Reuters) – T-Mobile US retail employees and technicians delivered a letter late Tuesday for Deutsche Telekom CEO Tim Hoettges, seeking assurances that their jobs and paychecks will be safe if the wireless carrier is allowed to Read More

Russia not afraid of the big bad oil bear market – economy minister

3 weeks ago DieselGasoil Comments Off on Russia not afraid of the big bad oil bear market – economy minister
The Russian economy will not face serious pressure if oil prices crash to $40 per barrel, Russia’s Economic Development Minister Maksim Oreshkin has said. In an interview with TASS news agency, the minister noted that Russia will still be affected by any global economic turmoil, but not as seriously as before. He explained that the Read More

TC Energy’s Keystone XL moves closer to 2020 construction with Nebraska ruling

4 weeks ago DieselGasoil Comments Off on TC Energy’s Keystone XL moves closer to 2020 construction with Nebraska ruling
Houston — TC Energy’s hope to start construction on the 830,000 b/d Keystone XL heavy oil pipeline in 2020 took a step forward Friday with a favorable ruling from the Nebraska Supreme Court, one of the final legal obstacles facing the project after US President Trump granted a permit. Not registered? Receive daily email alerts, Read More