Global oil and gas giant ExxonMobil has told its workforce it is seeking to sell its onshore plants and offshore rigs in Victoria's Bass Strait and has put the assets on the market.
Saudi Arabia Says Oil Output Will Return To Pre-attack Levels In Weeks; Crude Prices Plunge 6% - Portland Press Herald
The kingdom says 50 percent of Aramco's lost production already has been restored. : Saudi Arabia has restored half of the crude production that was lost to devastating attacks on its oil industry, and the kingdom said output will be fully restored by the end of this month. The details came during a news conference Tuesday afternoon in Jiddah by Saudi energy minister Prince Abdulaziz bin Salman. Saudi Aramco's critical Abqaiq processing plant has restored 2 million barrels day that was lost due to the wave of drone and missile attacks on the Saudi oil fields, bin Salman said.
Ai Start-up Datarobot Raises Another $283.4M In Funding; Edbi Joins As New Investor, Companies & Markets News & Top Stories - The Straits Times
September 18, 2019 10:50 AMSINGAPORE - US-based artificial intelligence (AI) firm DataRobot has raised US$206 million (S$283.4 million) in a Series E funding round led by Sapphire Ventures, the company announced in a press statement on Tuesday.
HONG KONG, Sept. 18, 2019 /PRNewswire/ -- The eighth annual JNA Awards, one of the most highly-acclaimed award programmes in the international jewellery and gemstone industry, ended on a high note and was well attended by industry dignitaries and trade leaders in Hong Kong on 17 September....
Boone Pickens, A Trailblazer, Passes On | Allaboutalpha: Alternative Investing Trends And Analysis | A Finance Blog About Private Equity, Commodities, And Other Alternative Asset Classes.
T. Boone Pickens died quietly at home in Dallas, Texas on Sept. 11, 2019. In his long career Pickens did a good deal to give the current hedge fund industry, as well as the broader asset management industry and the energy commodities markets, their character, in a life that sometimesRead More.
Momentum strategies have never performed well during periods of high volatility, writes Mark Hulbert. : When will momentum regain the big mo? I am referring to investment strategies that favor top-performing stocks and avoid those at the bottom. According to the standard academic definition of momentum in the U.S. stock market, the approach has been struggling for over a decade. That standard definition keys off stocks' performance from 12 months previously to one month previously. The chart below reflects the performance of a portfolio containing the 10% of U.S. stocks with the best returns over that trailing period.
Gushcloud Names Def Jam Co-founder As President, Raises $15M For Global Push, Companies & Markets News & Top Stories - The Straits Times
September 18, 2019 1:32 PMSINGAPORE - To drive global expansion, Singapore-based influencer agency Gushcloud International on Wednesday (Sept 18) said it has raised US$11 million (S$15.1 million) in a funding round, while making several senior appointments, including bringing on board hip-hop mogul Russell Simmons as president.
Mercer Advisors, a fast-growing wealth management firm, is losing one private equity partner and gaining another with today's announcement that Oak Hill Capital has bought a stake in the firm.
(Kitco News) - This is where to find opportunities for quality mining assets. : (Kitco News) - With the mega mergers creating two of the world's largest miners, there may still be an opportunity for mid-tier miners to find quality assets of their own, said Randy Smallwood, CEO of Wheaton Precious Metals. "There's still, within the mid-tiers and the single-asset companies there's still a lot of good opportunities, and certain markets have more strength than others. The Australian market has shown some real strength," Smallwood told Kitco News on the sidelines of the Denver Gold Forum.
Blackstone portfolio company La Trobe Financial recently expanded its executive team with the appointment of three senior banking veterans. : Blackstone portfolio company La Trobe Financial recently expanded its executive team with the appointment of three senior banking veterans. With assets under management of $9 billion, alternative asset manager La Trobe Financial announced the appointment of three senior bank executives to assist the company to deliver on growth prospects. A bank industry veteran, he was most recently ANZ banking group's chief risk officer North America, based in New York.