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Libya declares force majeure on Sharara crude loaded at Zawiya: NOC

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Dubai — Libya’s state-owned National Oil Corporation said Saturday it declared force majeure on Sharara crude loaded at Zawiya port due to an unlawful closure of a valve. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NOC said 290,000 b/d of production at the Sharara oil field has been Read More

Judge rules against hedge funds that challenged 2016 Jarden deal

2 days ago DieselGasoil Comments Off on Judge rules against hedge funds that challenged 2016 Jarden deal
WILMINGTON, Del. (Reuters) – A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc’s (NWL.O) 2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal. Vice Chancellor Joseph Slights of the Court of Chancery found that Read More

Wall Street falls as Fed signals smaller rate cut

2 days ago DieselGasoil Comments Off on Wall Street falls as Fed signals smaller rate cut
NEW YORK (Reuters) – Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid Read More

Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal

2 days ago DieselGasoil Comments Off on Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal
7/19/2019 NEW YORK – Schlumberger’s Paal Kibsgaard may be leaving his job, but he’ll collect paychecks for years to come. The outgoing chief executive officer will continue to lift his $2 million annual salary through July 31, 2022, in exchange for providing “certain services” and agreeing not to take a job at a rival, according Read More

Wall Street falls as expectations for hefty Fed cut trimmed

2 days ago DieselGasoil Comments Off on Wall Street falls as expectations for hefty Fed cut trimmed
Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street’s main indexes edged lower on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the Read More

Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces

2 days ago DieselGasoil Comments Off on Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces
NEW YORK (Reuters) – A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

AmEx warns of higher costs as it boosts rewards program, shares fall

2 days ago DieselGasoil Comments Off on AmEx warns of higher costs as it boosts rewards program, shares fall
(Reuters) – American Express Co (AXP.N) warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday. FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New York Read More

Wall St. slightly higher on Microsoft results, rate cut hopes

2 days ago DieselGasoil Comments Off on Wall St. slightly higher on Microsoft results, rate cut hopes
(Reuters) – Wall Street’s main indexes edged higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent. Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Wall St. rises on Microsoft’s beat, rate cut euphoria

2 days ago DieselGasoil Comments Off on Wall St. rises on Microsoft’s beat, rate cut euphoria
(Reuters) – U.S. stock indexes advanced on Friday as solid results from Microsoft lifted technology stocks and added to an upbeat mood following signs from New York Fed President John Williams that the central bank would lower interest rates this month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New Read More

Fed rate cut bets buoy stocks, dollar steadies

2 days ago DieselGasoil Comments Off on Fed rate cut bets buoy stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More