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News & Updates

February 3, 2016 VW submits California plan to fix recalled 3.0 liter diesel SUVs, cars

Source: Reuters

The California Air Resources Board and Environmental Protection Agency said late on Tuesday that Volkswagen AG submitted a plan to fix 80,000 recalled 3.0 liter diesel SUVs and cars that emit up to nine times legally allowable...

February 3, 2016 After climate summit, this year’s green bond issuance could exceed $50 billion – Moody’s

Source: Reuters

LONDON, The global agreement reached at the climate summit in Paris could prompt the amount of bonds this year issued to finance low-carbon projects to exceed $50 billion, Moody’s Investor Service said on Tuesday

February 3, 2016 EU proposals on Britain pave way for deal - Dutch foreign minister

Source: Reuters

A proposal to help persuade Britain to remain in the European Union is likely to be agreed by EU leaders, the Netherlands, which holds the EU rotating presidency, said on Wednesday.

February 3, 2016 Sterling hits 3-week high on draft proposals to keep Britain in EU

Source: Reuters

Sterling touched a three-week high on Tuesday after the outline of a proposed EU deal said Britain does not have to integrate further politically with the rest of the European Union if it wants to stay in.

February 3, 2016 ChemChina makes $43 billion agreed bid for Switzerland's Syngenta

Source: Reuters

China's state-owned ChemChina will make an agreed $43 billion bid for Swiss seeds and pesticides group Syngenta, the companies said on Wednesday, marking the largest ever overseas acquisition by a Chinese firm.

February 2, 2016 Chevron posts first loss since 2002 on crude oil plunge

Source: Reuters

Chevron Corp reported its first quarterly loss in more than 13 years on Friday despite Wall Street's expectations for a profit, as plunging oil prices eroded profitability across all its divisions.

February 2, 2016 Google surpasses Apple as world's most valuable company

Source: Apple Insider.com

After beating Wall Street expectations for the fourth quarter of 2015, Google umbrella company Alphabet usurped Apple as the most valuable company in the world on Monday in after hours trading.

February 2, 2016 Oil sinks, pressured by China, OPEC and warmer U.S. weather

Source: Reuters

U.S. crude oil prices slid as much as 7 percent on Monday, pressured by weak economic data from China, a U.S. forecast for mild weather and growing doubts that OPEC and non-OPEC producers would come together to reduce the...

February 2, 2016 BP reports worst annual loss in over 20 years, cuts more jobs

Source: Reuters

BP (BP.L) slumped to its worst annual loss in over 20 years in 2015, the British oil and gas company announced on Tuesday, and said it would cut thousands more jobs in the face of a deep rout in oil prices.

February 1, 2016 Analysts: Global deal to cut oil production unlikely

Source: USA Today

Conflicting reports last week that renewed anticipation of global oil production cuts, then quickly squelched it, left in doubt the prospects of crude prices that have plunged 70% the past 18 months and rocked the global economy.

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