August, 2018

• 18 August

  Barclays hires CFO of Berlin’s tech star to run Germany operations

  

  Bloomberg Barclays Plc has tapped Rocket Internet SE’s chief financial officer to lead its German operations, according to people with knowledge of the matter. The British bank will soon name Peter Kimpel as head of Germany as early as next week, the people said, asking not to be identified discussing private information. He will fill a post that’s been vacant ...

  Read More »
• 18 August

  RBS taps Katie Murray as interim CFO as Ewen Stevenson preps exit

  

  Bloomberg Royal Bank of Scotland Group Plc tapped Katie Murray to be its interim chief financial officer as Ewen Stevenson prepares to leave the state-controlled lender and step down from the board. Murray, who is currently deputy CFO and one of a handful of women in the City of London in a senior finance role, will take the position in ...

  Read More »
• 18 August

  Bloody unrest cripples Nicaragua growth as banks’ money drained

  

  Bloomberg Economic growth in Nicaragua, once a top performer in the region, will slow to a crawl this year after months of violent chaos left hundreds dead and paralysed business activity. The $13.7 billion economy will expand just 1 percent this year in an “optimistic scenario” compared with an original forecast of 5 percent, Central Bank Chief Ovidio Reyes said ...

  Read More »
• 18 August

  Jefferies promotes Bowden to global head of energy banking group

  

  Bloomberg Investment bank Jefferies Group is reorganising its energy group, according to a letter seen by Bloomberg. Pete Bowden, the current co-head of energy banking and the leader of Jefferies’s midstream franchise, will become global head of energy, according to the letter from Ralph Eads, the chairman of the group. Guy Oliphint and Greg Chitty have been promoted to co-heads ...

  Read More »
• 18 August

  Maersk offloads drilling assets in latest move to exit energy

  

  Bloomberg A.P. Moller-Maersk A/S has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. Copenhagen-based Maersk, which owns the world’s biggest shipping operations and is working on turning itself into a pure transport company, said that the decision will take effect sometime next year. Maersk shares opened about 4 percent ...

  Read More »
• 18 August

  Eastern Canadian LNG project wins buyers in shadow of rival Shell

  

  Bloomberg Royal Dutch Shell Plc’s giant liquefied natural gas project in western Canada may be grabbing the headlines, but a smaller rival in the east is busy lining up another customer from Europe. Pieridae Energy is negotiating a binding agreement to supply LNG from its proposed Goldboro project in Nova Scotia to Axpo Holding AG, an energy company in Switzerland, ...

  Read More »
• 18 August

  India considering 50% Iran oil cut to win US waiver

  

  Bloomberg India, the second biggest crude customer for Iran, may cut its imports from the Islamic republic by half to secure a waiver from the US to continue with shipments, people familiar with the matter said. Officials from the US had discussed the issue of a conditional waiver on sanctions in talks last month in New Delhi, the people said. ...

  Read More »
• 18 August

  UK needs energy storage to cope with climate goal

  Bloomberg Meeting Britain’s 2050 climate goals will require the nation to wean itself off using natural gas for heating, but the nation’s electricity system probably won’t cope unless thermal storage technology improves. Reducing greenhouse gas emissions from the heating sector is “one of the toughest challenges the country faces in its low-carbon transition,” according to a report published by the ...

  Read More »
• 18 August

  Toyota ordered to pay family $242 million for Lexus seat defect

  

  Bloomberg A Texas jury hit Toyota with a $242 million verdict after finding that defects in the front seats of a 2002 Lexus ES300 caused serious injuries to a Dallas family’s two young children during a rear-end collision in 2016. The jury in state court in Dallas awarded $144 million in punitive damages after finding Toyota Motor Corp. and Toyota ...

  Read More »
• 18 August

  Tourist spot suffers $2.8bn hit as India floods kill 324

  

  Bloomberg The worst floods in a century in India’s southern state of Kerala have killed 324 people, caused $2.8 billion in damage and left more than 220,000 homeless since start of the monsoon season in June as the armed forces and rescue teams try to evacuate low-lying areas in which others are still stranded. One of the country’s top tourist ...

  Read More »