It’s unicorn season and the money is gushing on Wall Street. I’ve figured out a way to get hold of some of that money, and maybe you’d like to join me. It involves industry disruption and crisis management, with my own soulless twist. This is high-tech stuff, so let me define a few technical terms. […]
LONDON/MOSCOW (Reuters) – Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Vladimir Putin, according to five sources. After three years work on the Baltic Coast project, Shell discovered that Gazprom was bringing in […]
WASHINGTON — Herman Cain’s chances to win confirmation to the Federal Reserve plummeted on Thursday as at least four Republican senators indicated they would not back President Trump’s choice to fill a Fed seat. Those defections would be enough to defeat Mr. Cain in a divided Senate, should Mr. Trump follow through with his plans […]
He struck billions of dollars’ worth of deals in Russia, Eastern Europe and Africa. He sought business with war-torn places like Chad and with international pariahs like North Korea. Ye Jianming, a fast-rising Chinese oil tycoon, ventured to places only the most politically connected Chinese companies dared to go. But what he wanted was access […]
Finding the right place to make your savings pay is no easy feat, especially with rock bottom rates dominating the market. Right now, there are few accounts out there that are willing to pay good rewards on your savings, unless you're willing to lock it away for a lengthy period. When it comes to choice, […]
(Reuters) – U.S. stocks treaded water on Thursday, as gains in bank shares ahead of earnings were countered by growth worries following warnings from major central banks. The S&P financial index rose 0.7%, while the banking sector was up 0.9%. First-quarter earnings begin in earnest on Friday, with JPMorgan Chase & Co and Wells Fargo […]
The government has signalled that the Rupert Murdoch-owned The Times and Sunday Times newspapers should be able to merge their editorial teams. Jeremy Wright, secretary of state for media, said on Thursday that he was “minded” to allow the two broadsheets to share resources, after they were compelled to remain separate by the Department for […]
The Irish Farmers Association have called on the Government and EU Commission to compensate beef farmers for Brexit losses which they say run to over €100m. Despite the UK’s exit from the EU set to be pushed back to October, Brexit stockpiles of beef in the UK are said to be weighing on prices on […]
SINGAPORE (Reuters) – Oil prices were firm on Friday, supported by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela. International Brent crude oil futures were at $71.01 per barrel at 0042 GMT, up 18 cents, or 0.3 percent, from their last close. U.S. West Texas […]
(Reuters) – Uber Technologies Inc’s initial public offering (IPO) filing on Thursday will draw inevitable comparisons to its smaller ride-hailing rival Lyft Inc, which completed its initial public listing last month. Following Lyft’s poor stock market performance of late, investors will be scrutinizing Uber’s financial results and projections closely. Not only is Uber much larger […]