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Abandon sinking US dollar ship? Top UK bankster pushes for new ‘synthetic hegemonic currency’

22 mins ago DieselGasoil Comments Off on Abandon sinking US dollar ship? Top UK bankster pushes for new ‘synthetic hegemonic currency’
Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook’s Libra to build a multipolar system, warning against “swapping one currency hegemon for another” – unless it’s their hegemon. Carney declared that a Libra-like currency – with a few tweaks to silence critics – can bring about a Read More

Wall Street plunges as U.S.-China trade war intensifies

6 hours ago DieselGasoil Comments Off on Wall Street plunges as U.S.-China trade war intensifies
NEW YORK (Reuters) – Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

The Koch Empire: What we know about deceased US billionaire David Koch

11 hours ago DieselGasoil Comments Off on The Koch Empire: What we know about deceased US billionaire David Koch
David Koch – one of America’s wealthiest men, with a net worth of more than $40 billion, and a major political donor – passed away on Friday aged 79. RT looks at the Koch business empire. Koch was the 11th richest person on the planet and, at the time of his death, had a net Read More

Billionaire industrialist and conservative donor David Koch dies at age 79

13 hours ago DieselGasoil Comments Off on Billionaire industrialist and conservative donor David Koch dies at age 79
WASHINGTON (Reuters) – Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world’s richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday. FILE PHOTO: Businessman David Koch arrives at the Metropolitan Museum of Art Costume Read More

Russia starts sales of ‘Putin limousine’, eyes Chinese market

14 hours ago DieselGasoil Comments Off on Russia starts sales of ‘Putin limousine’, eyes Chinese market
MOSCOW (Reuters) – Russia opened a showroom on Friday selling its first post-Soviet luxury limousine under the Aurus brand, a type of car used by President Vladimir Putin at his inauguration last year. A view shows the logo of Russia’s very first luxury car brand Aurus during a ceremony to launch the sales of the Read More

Huawei says U.S. curbs to cut smartphone unit’s revenue by over $10 billion

14 hours ago DieselGasoil Comments Off on Huawei says U.S. curbs to cut smartphone unit’s revenue by over $10 billion
HONG KONG/SHANGHAI (Reuters) – Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit’s revenue lower by about $10 billion this year. People visit a newly opened Huawei store in Xian, Shaanxi province, Read More

As bond e-trading takes off, debt sales business may be ripe for automation

15 hours ago DieselGasoil Comments Off on As bond e-trading takes off, debt sales business may be ripe for automation
LONDON (Reuters) – With banks’ bond trading desks increasingly going electronic, another of the last bastions of old-school banking – the business of helping companies and countries raise capital – may be about to succumb to the tide of technology. FILE PHOTO: People walk through the Canary Wharf financial district of London, Britain, December 7, Read More

Ocean Power Technologies trials autonomous monitoring buoy with Premeir Oil

16 hours ago DieselGasoil Comments Off on Ocean Power Technologies trials autonomous monitoring buoy with Premeir Oil
8/23/2019 MONROE TOWNSHIP, N.J. – Ocean Power Technologies announced the successful deployment of its PB3 PowerBuoy in the North Sea for its customer Premier Oil. Ocean Power Technologies’ PB3 PowerBuoy This latest deployment of a PB3 PowerBuoy will serve Premier as an autonomous intelligent platform to provide communications and remote monitoring services at Premier’s Huntington Read More

Tenaris receives $1.9 billion tubulars and services contract from ADNOC

16 hours ago DieselGasoil Comments Off on Tenaris receives $1.9 billion tubulars and services contract from ADNOC
8/23/2019 ABU DHABI – Tenaris announced that ADNOC has awarded it a long-term contract for the provision of tubulars and Rig Direct® services over the next five years, with a total value of $1.9 billion with the possibility of a two-year extension. The award forms part of an initiative by ADNOC to secure smart procurement Read More

Cap on sulphur emissions to drive global demand for LNG as shipping fuel

16 hours ago DieselGasoil Comments Off on Cap on sulphur emissions to drive global demand for LNG as shipping fuel
8/23/2019 DUBAI – Demand for LNG as a conventional source of energy in the maritime industry will continue to grow because of its technological advantages in meeting the standards and requirements in limiting the emissions of sulphur, a greenhouse gas. According to marine fuel expert Sergey Ivanov, the global sulphur cap of 0.5%, which is Read More