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Analysis: DME Oman benchmark move backfires as open interest stalls

1 day ago DieselGasoil Comments Off on Analysis: DME Oman benchmark move backfires as open interest stalls
Highlights Questions about underlying appeal of DME Oman as a benchmark Open interest on DME Oman forward curve has flat-lined Scratch trades underpinning DME Oman volumes, say traders London — Almost a year since Saudi Arabia picked Dubai Mercantile Exchange’s Oman benchmark to help set official selling prices for crude in Asia, open interest in Read More

Exclusive: J.C. Penney taps debt restructuring advisers – sources

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(Reuters) – J.C. Penney Co Inc (JCP.N) has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday. FILE PHOTO: A J.C. Penney Company Inc. store is pictured at a mall in Langhorne, Pennsylvania, U.S. November Read More

FEATURE: Canadian oil traders see IMO 2020 risk easing on demand, changing market

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Houston — A surging differential for Western Canada’s benchmark heavy crude has traders and analysts wondering if predictions that tighter sulfur requirements for marine fuel will devalue the country’s oil assets are overblown. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Nobody is talking about IMO 2020 anymore,” one Read More

Wall Street finds blockchain hard to tame after early euphoria

4 days ago DieselGasoil Comments Off on Wall Street finds blockchain hard to tame after early euphoria
NEW YORK (Reuters) – Two years ago Nasdaq Inc (NDAQ.O) and Citigroup Inc (C.N) announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” A Wall St. street sign is seen near the New York Read More

CQS looking to grow U.S. presence under new CEO Rolet

4 days ago DieselGasoil Comments Off on CQS looking to grow U.S. presence under new CEO Rolet
(Reuters) – CQS, the London-based global multi-strategy credit-focused asset management firm with $17.7 billion in assets, is looking to grow its presence in the United States, Xavier Rolet, who took over the chief executive officer role from its founder in January, said. “The U.S. has 55% of the world’s financial assets and is the largest Read More

S&P trades near flat as Citigroup results weigh on bank stocks

5 days ago DieselGasoil Comments Off on S&P trades near flat as Citigroup results weigh on bank stocks
NEW YORK (Reuters) – The benchmark S&P 500 index struggled for direction in choppy trade on Monday as earnings season began in earnest with a mixed quarterly report from Citigroup Inc (C.N). Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid The bank Read More

AB InBev pulls Budweiser listing, canceling year’s largest IPO

1 week ago DieselGasoil Comments Off on AB InBev pulls Budweiser listing, canceling year’s largest IPO
HONG KONG/NEW YORK/BRUSSELS (Reuters) – Anheuser-Busch InBev (ABI.BR) said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd (1876.HK), in what would have been the world’s biggest initial public offering (IPO) of 2019. AB InBev, the world’s largest brewer, was aiming Read More

Ultra Petroleum Corp. Announces Termination of Exchange Offer for 7.125% Senior Notes due 2025

1 week ago DieselGasoil Comments Off on Ultra Petroleum Corp. Announces Termination of Exchange Offer for 7.125% Senior Notes due 2025
ENGLEWOOD, Colo., July 11, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (NASDAQ: UPL) today announced that it terminated its previously announced private offer to exchange (the “Exchange Offer”) outstanding 7.125% Senior Notes due 2025 (the “2025 Notes”) of its wholly owned subsidiary, Ultra Resources, Inc. (“Ultra Resources”), for new 9.00% Cash/ 2.50% PIK Read More

Delphi Energy Corp. Announces Extension of Credit Facility

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CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the annual borrowing base redetermination of its senior credit facility has been finalized. The amended credit facility has a borrowing base of $100.0 million reducing to $90.0 million upon the earlier of September 30, 2019 and the completion Read More

U.S. Fed policy-makers debate merit of a repo facility

1 week ago DieselGasoil Comments Off on U.S. Fed policy-makers debate merit of a repo facility
(Reuters) – Federal Reserve officials argued the pros and cons of a possible policy tool that allows banks to borrow from the U.S. central bank using Treasuries and other securities as collateral, minutes of the Fed’s June policy meeting released on Wednesday showed. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Read More