Mois : avril 2019

MOSCOW/LONDON () – It was a quiet Easter holiday at the offices of major European oil companies and refiners when an email in Russian landed. “What the hell does it say?” one manager recalled thinking as he sent it to his Moscow office for translation. FILE PHOTO: An oil storage tank of Russian oil pipeline […]

ALGIERS () – Algeria’s ruling National Liberation Front (FLN) party has elected businessman Mohamed Djemai as its new leader, state television said on Tuesday, a month after President Abdelaziz Bouteflika quit in the face of mass protests. FILE PHOTO – Algerian Prime Minister Ahmed Ouyahia awaits the arrival of French President Emmanuel Macron at Houari […]

NEW YORK () – Uber Technologies Inc CEO Dara Khosrowshahi and his top management team took the ride-hailing giant’s investor roadshow for its initial public offering to New York on Tuesday, as demand for its shares already exceeded supply. An investor walks out of the Uber IPO roadshow with documents in hand at a hotel […]

FILE PHOTO: U.S. President Donald Trump delivers remarks at a Make America Great Again rally at the Resch Center Complex in Green Bay, Wisconsin, U.S. April 27, 2019. /Yuri Gripas/File PhotoWASHINGTON () – U.S. President Donald Trump will meet with congressional Democratic leaders soon to discuss drug prices, the White House said on Tuesday following […]

OTTAWA/WINNIPEG, Manitoba () – Canadian Prime Minister Justin Trudeau on Tuesday said Ottawa would soon announce help for canola farmers hurt by a China ban on imports of the oilseed but brushed off calls to pull funding for a Chinese-led investment bank. FILE PHOTO: A canola crop used for making cooking oil sits in full […]

BEVERLY HILLS () – Europe, long a major destination of investor capital, is losing luster, say prominent bankers and asset managers, who are reducing exposure to the area because of concerns about issues ranging from Brexit to France’s “yellow vest” protests. FILE PHOTO: Lara Warner, Group Chief Risk Officer of Credit Suisse, speaks during the […]

WASHINGTON () – U.S. President Donald Trump and Democratic leaders agreed on Tuesday to spend $2 trillion on roads, bridges, water, broadband and power grids, and will meet again in three weeks to discuss how to pay for the plan, Democratic leaders said. Senate Democratic Leader Chuck Schumer, U.S. House Speaker Nancy Pelosi and other […]

BOSTON () – The gunmen accused of attacking U.S. synagogues and New Zealand mosques over the past six months brewed their ideas on online hate sites, pulling U.S. cyber-defense firm Cloudflare Inc into a debate on the balance between online speech and security. FILE PHOTO: A makeshift memorial was placed by a light pole a […]

() – Warren Buffett’s Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp’s $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp. Specialist trader Don Himpele Jr. works at the post that trades Anadarko Petroleum and Occidental Petroleum on the floor at the […]

() – European shares closed little changed on Tuesday as a decline in banks after disappointing earnings was countered by gains in oil stocks and a 21 percent surge in chipmaker AMS. The pan-European STOXX 600 index was flat at the close after oscillating between positive and negative territory throughout the day. On the month, […]

BERLIN () – Siemens is well placed to win the bulk of orders flowing from a $14 billion scheme to rebuild Iraq’s electricity infrastructure following years of war, the country’s Prime Minister Adel Abdul Mahdi said in Berlin on Tuesday. FILE PHOTO: The logo of German industrial group Siemens is seen in Zurich, Switzerland, January […]

LONDON () – Wizz Air’s chief executive is confident his low-cost carrier can grow in Britain and tackle the challenges presented by Britain’s decision to leave the European Union. Jozsef Varadi, Chief Executive Officer of Wizz Air speaks during an interview in London, Britain April 30 2019. /Simon DawsonJozsef Varadi told on Tuesday that Wizz […]

() – Warren Buffett’s Berkshire Hathaway Inc will put $10 billion behind Occidental Petroleum Corp’s bid as it tries to see off competition from Chevron Corp to buy smaller rival Anadarko Petroleum Corp. FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. /Mario Anzuoni Occidental and Chevron Corp […]

FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. /Mario Anzuoni () – Warren Buffett’s Berkshire Hathaway Inc will put $10 billion behind Occidental Petroleum Corp’s bid as it tries to see off competition from Chevron Corp to buy smaller rival Anadarko Petroleum Corp. Occidental and Chevron Corp […]

TURIN, Italy () – A rescue plan for Italy’s Carige by U.S. asset manager BlackRock would allow a fund financed by Italian lenders to take part in a cash call at the Genoa-based bank, the chief executive of Intesa Sanpaolo said on Tuesday. FILE PHOTO: The Carige bank logo is seen in Rome, Italy, April […]

() – General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader and sending its shares up more than 10 percent in premarket trading. FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the […]

BRUSSELS () – Russia’s Central Bank sent warnings in 2007 and 2013 to Estonian and Danish financial supervisors over suspect transactions worth billion of dollars at the Estonian branch of Danske Bank but they were largely ignored, a confidential EU document shows. FILE PHOTO: Danske Bank sign is seen on a building in Copenhagen, Denmark, […]