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Australia's AMP scraps short-term bonuses to avert possible board spill

12 hours ago DieselGasoil Comments Off on Australia's AMP scraps short-term bonuses to avert possible board spill
SYDNEY (Reuters) – Australia’s AMP Ltd (AMP.AX) on Wednesday said it will not pay short-term bonuses to most executives, a move that could help it avoid possible board removal should investors vote against its remuneration practices for the second consecutive year. FILE PHOTO: The logo of AMP adorns the head office of Australia’s biggest retail Read More

U.S. EPA denies being soft on polluters as Democrats question enforcement

3 weeks ago DieselGasoil Comments Off on U.S. EPA denies being soft on polluters as Democrats question enforcement
WASHINGTON (Reuters) – The U.S. Environmental Protection Agency’s enforcement chief on Tuesday pushed back on “the myth” that the regulator is soft on polluters as Democratic lawmakers pressed her on the big decline in civil penalties and site inspections last year. FILE PHOTO: Vapor is released into the sky at a Refinery in Wilmington, California Read More

Canadian regulator backs oil pipeline expansion, urges whale protections

4 weeks ago DieselGasoil Comments Off on Canadian regulator backs oil pipeline expansion, urges whale protections
WINNIPEG, Manitoba (Reuters) – Canada’s National Energy Board (NEB) regulator recommended on Friday that Ottawa approve expansion of the government-owned Trans Mountain oil pipeline, but made new, nonbinding recommendations to mitigate harm to Pacific Ocean killer whales. FILE PHOTO: Steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada’s Trans Mountain Read More

Fed says U.S. economy ended 2018 with solid but weakening growth

4 weeks ago DieselGasoil Comments Off on Fed says U.S. economy ended 2018 with solid but weakening growth
WASHINGTON, Feb 22 (Reuters) – The U.S. economy maintained “solid” growth through the second half of 2018, likely expanding “just under” 3 percent for the year, though consumer and business spending had begun to weaken, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress. FILE PHOTO: Flags fly over the Read More

Canadian National train derails in Manitoba, leaks oil

1 month ago DieselGasoil Comments Off on Canadian National train derails in Manitoba, leaks oil
WINNIPEG, Manitoba (Reuters) – A Canadian National Railway Co train derailed early on Saturday in Western Canada, leaking an undetermined volume of crude oil, the company said. Thirty-seven tank cars derailed near St-Lazare, Manitoba. The leak has been contained and has not entered the nearby Assiniboine River, CN spokesman Jonathan Abecassis said in a statement. Read More

Fed policymakers see one U.S. rate hike, or none, as growth slows

1 month ago DieselGasoil Comments Off on Fed policymakers see one U.S. rate hike, or none, as growth slows
BIRMINGHAM, Ala./SAN FRANCISCO (Reuters) – When the Federal Reserve last month adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, Read More

U.S. issues new rules requiring rail oil spill response plans

1 month ago DieselGasoil Comments Off on U.S. issues new rules requiring rail oil spill response plans
FILE PHOTO: A crude oil train moves past the loading rack at the Eighty-Eight Oil LLC’s transloading facility in Ft. Laramie, Wyoming July 15, 2014. REUTERS/Rick Wilking WASHINGTON (Reuters) – The U.S. Transportation Department on Thursday issued final rules requiring railroads to develop oil spill response plans and to disclose details of shipments to states Read More

Barclays, J.P. Morgan cut U.S. fourth-quarter 2018 GDP view after retail sales plunge

1 month ago DieselGasoil Comments Off on Barclays, J.P. Morgan cut U.S. fourth-quarter 2018 GDP view after retail sales plunge
NEW YORK (Reuters) – Barclays and J.P. Morgan on Thursday reduced their estimates on U.S. economic growth in the final quarter of 2018 following data that showed domestic retail sales took a 1.2 percent spill in December, which was its steepest monthly drop in nine years. U.S. gross domestic product likely grew at a 2.0 Read More

Investors' cash buildup comes at a cost

1 month ago DieselGasoil Comments Off on Investors' cash buildup comes at a cost
NEW YORK (Reuters) – Investors sitting on a mountain of cash built up since late last year may be paying a price for playing it too safe in the first weeks of 2019. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan McDermid Individuals Read More