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‘Toxic cocktail’ brewing for U.S. asset managers: hedge fund investor Kass

19 mins ago DieselGasoil Comments Off on ‘Toxic cocktail’ brewing for U.S. asset managers: hedge fund investor Kass
FILE PHOTO: Doug Kass, founder of hedge fund Seabreeze Partners Management Inc, sits at his desk at his home in Palm Beach, Florida April 30, 2013. REUTERS/Joe Skipper/File Photo (Reuters) – Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Read More

Canadian Natural Resources Limited Announces Normal Course Issuer Bid

7 hours ago DieselGasoil Comments Off on Canadian Natural Resources Limited Announces Normal Course Issuer Bid
CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural”) announced today that the Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid (“NCIB”) through the facilities of the Toronto Stock Exchange or other alternative Canadian trading systems. Purchases may Read More

Exclusive: A delicate balance – Toyota took care to make offering to U.S. before China deals

12 hours ago DieselGasoil Comments Off on Exclusive: A delicate balance – Toyota took care to make offering to U.S. before China deals
BEIJING (Reuters) – Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. FILE PHOTO: President of Toyota Motor Corporation Akio Toyoda speaks during the unveiling of the 2020 Toyota Supra during the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. Read More

Wall St. slides as Huawei fallout hits tech shares

19 hours ago DieselGasoil Comments Off on Wall St. slides as Huawei fallout hits tech shares
NEW YORK (Reuters) – U.S. stocks slid on Monday as the White House’s restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist Read More

The golden rule: Russia’s gold production sees year-on-year surge of 13%

1 day ago DieselGasoil Comments Off on The golden rule: Russia’s gold production sees year-on-year surge of 13%
Gold output in Russia increased by 12.6 percent from January through March this year compared with the same period a year ago, according to the country’s ministry of finance. Production in the first quarter of the current year reportedly totaled 58.12 tons, up from 51.61 tons in 2018. Production for the period included 45.95 tons Read More

Oil traders try to ship dirty Russian crude to Asia

1 day ago DieselGasoil Comments Off on Oil traders try to ship dirty Russian crude to Asia
SINGAPORE/MOSCOW (Reuters) – Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Read More

Wall St. falls as trade anxieties spike

4 days ago DieselGasoil Comments Off on Wall St. falls as trade anxieties spike
NEW YORK (Reuters) – Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. While all three major U.S. indexes struggled for direction for much of the session, they turned Read More

Ford revs up to sell hybrids with appeal of speed and power

4 days ago DieselGasoil Comments Off on Ford revs up to sell hybrids with appeal of speed and power
DETROIT (Reuters) – Ford Motor Co is turning to the automotive marketer’s time-tested themes, speed and power, to sell a new generation of gasoline-electric hybrid vehicles to mass market customers. FILE PHOTO: A 2020 Ford Explorer Hybrid is hooked up to a boat trailer to demonstrate towing power in Dearborn, Michigan, U.S., May 15, 2019. Read More