newszine

Fed done raising rates; cut by end-2020 growing more likely: Reuters poll

1 hour ago DieselGasoil Comments Off on Fed done raising rates; cut by end-2020 growing more likely: Reuters poll
BENGALURU (Reuters) – The U.S. Federal Reserve is done raising interest rates until at least the end of next year, while about a third of economists polled by Reuters who had a view that far out predicted at least one rate cut by then. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured Read More

Royal Bank of Scotland CEO McEwan to step down after more than five years

4 hours ago DieselGasoil Comments Off on Royal Bank of Scotland CEO McEwan to step down after more than five years
LONDON (Reuters) – Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout. FILE PHOTO: Royal Bank of Scotland chief executive Ross McEwan is seen outside Downing Street in London, Britain March 20, 2019. REUTERS/Hannah Read More

Asian shares dip; euro weighed by sagging German business morale

11 hours ago DieselGasoil Comments Off on Asian shares dip; euro weighed by sagging German business morale
TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Read More

Britain must commit to carbon capture to meet climate goals: lawmakers

13 hours ago DieselGasoil Comments Off on Britain must commit to carbon capture to meet climate goals: lawmakers
LONDON (Reuters) – Britain must commit to projects to capture, store and use carbon dioxide emissions to meet its climate targets, a report from a cross-party group of lawmakers said on Thursday. FILE PHOTO – A man walks through Greenwich Park as a haze of pollution sits over the London skyline April 3, 2014. REUTERS/Luke Read More

Facebook beats profit estimates, sets aside $3 billion for privacy penalty

15 hours ago DieselGasoil Comments Off on Facebook beats profit estimates, sets aside $3 billion for privacy penalty
(Reuters) – Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe. Read More

Walmart creates Angus beef supply chain, cutting out meat processors

17 hours ago DieselGasoil Comments Off on Walmart creates Angus beef supply chain, cutting out meat processors
(Reuters) – Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November Read More

Occidental offers $38 billion for Anadarko, topping Chevron

20 hours ago DieselGasoil Comments Off on Occidental offers $38 billion for Anadarko, topping Chevron
HOUSTON (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion, or $57 billion including debt, for Anadarko Petroleum Corp, a bid that topped an offer by Chevron Corp. FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Read More

Oil firm Equinor agrees climate change targets with investors

21 hours ago DieselGasoil Comments Off on Oil firm Equinor agrees climate change targets with investors
OSLO/LONDON (Reuters) – Norwegian oil and gas company Equinor will revise its climate targets next year and assess its investments against U.N.-backed goals following talks with major investors. FILE PHOTO: A logo of Equinor, formerly known as Statoil, is seen at the company’s headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis Oil companies, among Read More

Pakistan’s Navy fires domestically-made cruise missile in ‘impressive fire power display’

22 hours ago DieselGasoil Comments Off on Pakistan’s Navy fires domestically-made cruise missile in ‘impressive fire power display’
Pakistan showed off its newest domestically-built anti-ship and land-attack cruise missile during a test in the Indian Ocean. The test is part of Islamabad’s ongoing efforts to acquire more “indigenous” weapons. The missile, launched from a fast attack craft in the northern Indian Ocean, successfully hit a target on the shore, the Pakistani Navy said. Read More

Occidental Makes Superior Proposal to Acquire Anadarko

1 day ago DieselGasoil Comments Off on Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Read More