Classic Layout

Shell sells Gabon oil assets to Carlyle for $587 million

  Bloomberg Royal Dutch Shell Plc has agreed to sell its onshore oil assets in Gabon to a unit of Carlyle Group LP for $587 million, taking it closer to its $30 billion divestment target. Carlyle’s unit Assala Energy Holdings Ltd. will also take on $285 million of debt from Shell’s Gabon unit and will make an additional payment of ...

Read More »

California deepens Trump rift, keeps clean emission rules

  Bloomberg California’s environmental regulator broke with the Trump administration by maintaining its cleaner- car standards through 2025 and launching a formal effort to write even tougher rules for the following five years. The California Air Resources Board voted unanimously to maintain the state’s 2025 limits on tailpipe greenhouse gas emissions and begin drafting stricter goals for zero-emission vehicle sales ...

Read More »

Barrick Gold chairman’s total compensation boosted in 2016

  Bloomberg Barrick Gold Corp. awarded Executive Chairman John Thornton $8.5 million in total compensation last year, more than double what he received in 2015 when he gave up his bonus in the wake of investor criticism of pay packages at the world’s largest gold producer. Thornton received a salary of $2.5 million, long-term incentives of $5.32 million, $307,198 in ...

Read More »

Drop in herring a mystery in Maine as bait price booms

  ROCKLAND / AP Maine’s booming lobster industry has a big problem involving a little fish. The state’s iconic lobster fishery is healthy, having set records for volume and value in 2016. But the fishery for herring, a small schooling fish that lobsters love to eat, is another story. Herring is suddenly the second-most valuable fishery in the state, and ...

Read More »

Health firms plan for $8.6bn market opening in Finland

  Bloomberg Finland’s need to rein in public spending could be a boon for the nation’s private health-care providers. The parliament this month started a debate on government plans to open up the country’s 8 billion-euro ($8.6 billion) basic health-care and welfare market to private competition by 2019. More freedom for patients to choose their doctor will lead to better ...

Read More »

Watchmakers confront US ‘consumer blockage’

  Bloomberg Just as a four-year slump in Chinese demand for Swiss watches shows signs of ending, sales in the US, the next-largest market, have wilted. Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier. That’s raising concern that consumers there ...

Read More »

UK tells WhatsApp to open up to intelligence services

  Bloomberg UK Home Secretary Amber Rudd said Facebook Inc.’s WhatsApp messaging system should open its encryption to security services and urged online companies to be more aggressive in shutting down sites exploited by terrorists. After newspapers disclosed that Khalid Masood, who killed four people in London last week, had used WhatsApp shortly before he began his attack, Rudd identified ...

Read More »
Send this to a friend