newszine

Funds managing $2 trillion urge cement makers to act on climate impact

2 hours ago NAMEX Comments Off on Funds managing $2 trillion urge cement makers to act on climate impact
LONDON (Reuters) – European funds managing $2 trillion in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk. With the extreme weather and natural disasters associated with climate change intensifying around the world, some asset managers are Read More

Libya declares force majeure on Sharara crude loaded at Zawiya: NOC

12 hours ago NAMEX Comments Off on Libya declares force majeure on Sharara crude loaded at Zawiya: NOC
Dubai — Libya’s state-owned National Oil Corporation said Saturday it declared force majeure on Sharara crude loaded at Zawiya port due to an unlawful closure of a valve. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NOC said 290,000 b/d of production at the Sharara oil field has been Read More

UK caught in crossfire of US-Iran brinkmanship, and whose fault is that?

14 hours ago NAMEX Comments Off on UK caught in crossfire of US-Iran brinkmanship, and whose fault is that?
London has scored an own-goal by plunging right in the middle of the US game of nerves against Iran. The international crisis over detained tankers comes amid an awkward leadership transition at home. Next week, Britain will have a new prime minister after Theresa May makes room for either former Foreign Secretary Boris Johnson or Read More

Marvel’s ‘Avengers: Endgame’ to set all-time box office record

23 hours ago NAMEX Comments Off on Marvel’s ‘Avengers: Endgame’ to set all-time box office record
FILE PHOTO: Fans watch Avengers figures before an early premiere of “The Avengers: Endgame” movie in La Paz, Bolivia, April 24, 2019. REUTERS/David Mercado/File Photo SAN DIEGO (Reuters) – Marvel Studios superhero movie “Avengers: Endgame” will claim the top of the global box office charts by Sunday, distributor Walt Disney Co said. “Endgame” ticket sales Read More

Saudi Arabia invites US to ‘preserve its peace’ against Iran by swamping Gulf with more troops

2 days ago NAMEX Comments Off on Saudi Arabia invites US to ‘preserve its peace’ against Iran by swamping Gulf with more troops
Saudi Arabia has rolled out the welcome mat for US troops in a move it claims is aimed at “preserving its peace” – mainly by menacing Iran, where tensions have risen near a breaking point after multiple tanker seizures. King Salman has approved hosting US forces in order to “increase joint cooperation in defense of Read More

Range Announces Asset Sales That Will Total $634 Million

2 days ago NAMEX Comments Off on Range Announces Asset Sales That Will Total $634 Million
FORT WORTH, Texas, July 19, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC)today announced that it has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of March 1, 2019 and apply Read More

GLOBAL MARKETS-Stocks up on Fed rate cut hopes, Microsoft results; dollar bounces

2 days ago NAMEX Comments Off on GLOBAL MARKETS-Stocks up on Fed rate cut hopes, Microsoft results; dollar bounces
NEW YORK (Reuters) – A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Cummins makes offer for VW’s large engines unit: sources

2 days ago NAMEX Comments Off on Cummins makes offer for VW’s large engines unit: sources
FRANKFURT (Reuters) – United States-based diesel (gasoil) engines maker Cummins (CMI.N) has made an indicative offer for Volkswagen’s (VOWG_p.DE) MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets. FILE PHOTO: The logo of Volkswagen is seen in front of its plant, in Read More

‘Bring it’: Businesses rush to cash in on Storm Area 51 joke as founder feels ‘spooked’

2 days ago NAMEX Comments Off on ‘Bring it’: Businesses rush to cash in on Storm Area 51 joke as founder feels ‘spooked’
The alleged creator of the world-famous viral Storm Area 51 event is concerned that people might be missing the joke, but business, local and otherwise, are less concerned and happily cashing in on the phenomenon. At time of publishing, some 1.7 million people have pledged to attend the event “Storm Area 51, They Can’t Stop Read More

Fed rate cut bets buoy stocks, dollar steadies

3 days ago NAMEX Comments Off on Fed rate cut bets buoy stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More