Energy Update

You are here

Home » Global Read

Brazil BNDES holding company reports $297 mln Q1 loss

BRASILIA, May 15 (Reuters) - The corporate investment wing of Brazil's national development bank reported a first quarter loss of 891 million reais ($297.3 million) due to falling share prices, the bank, known as BNDES, said on Friday.

REFILE-Top U.S. hedge funds adjust energy bets on sliding oil prices

NEW YORK, May 15 (Reuters) - Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital's David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital's Kyle Bass bet on frackers, regulatory filings showed on Friday.

Brazil seizes $327 mln in contractor assets in Petrobras scandal

BRASILIA, May 15 (Reuters) - Brazilian prosecutors said on Friday they have obtained court orders for the seizure of 980 million reais ($327 million) in assets of construction firms under investigation in a massive corruption scandal at state-run oil company Petrobras.

HIGHLIGHTS-Hedge funds cut eBay, Leonard Green hot on Shake Shack

NEW YORK, May 15 (Reuters) - Top U.S.

UPDATE 1-BNSF drops plan to buy tank cars on customer concerns

HOUSTON, May 15 (Reuters) - BNSF Railway Co this week told customers it had dropped a plan announced last year to buy 5,000 stronger crude oil tank cars after customers were concerned about the company moving into railcar ownership.

UPDATE 1-Boko Haram retakes Nigerian town of Marte in Borno state

MAIDUGURI, Nigeria, May 15 (Reuters) - Boko Haram militants retook the Nigerian town of Marte in Borno state, which had been liberated in February, the state deputy governor said.

Freeport LNG says U.S. gov't did not advise against Chinese investors

NEW YORK, May 15 (Reuters) - The head of Freeport LNG on Friday said that the U.S. Department of Energy did not advise against inviting Chinese investment in the company's Texas export plant, backing down from contradictory claims made on Thursday.

UPDATE 1-Buffett's Berkshire adds to favorites IBM, Wells Fargo

May 15 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favorite companies, including Wells Fargo & Co and International Business Machines Corp.

UPDATE 1-Venezuela eyes $100 oil price, deal with non-OPEC producers

CARACAS, May 15 (Reuters) - Venezuela is pushing for a new agreement between OPEC and non-OPEC nations to stabilize oil prices, President Nicolas Maduro said on Friday, in the most serious indication yet of a renewed drive to boost prices back to $100 per barrel.

Nigerian town of Marte in Borno state retaken by Boko Haram

MAIDUGURI, May 15 (Reuters) - The Nigerian town of Marte in Borno state has been retaken by Boko Haram militants after being liberated in February, the state deputy governor said.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos