Column: Fearing credit crunch, hedge funds flee petroleum:
reuters.com/markets/commodities/fearing-credit-crunch-hedge-funds-flee-petroleum-2023-03-27/
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| Last Updated | Mar 28 23 |
| Total Articles | 2 |
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Altice Billionaire Patrick Drahi Recasts Finance’s Natural Order: The battle over Patrick Drahi's telco debt needs to re-establish the norm that creditors ...
bloomberg.com/opinion/articles/2024-04-23/altice-billionaire-patrick-drahi-recasts-finance-s-natural-order
UBS General Meeting: Colm Kelleher defends Sergio Ermotti's salary: UBS invited people to its first general meeting since the CS takeover on Wednesday ...
nzz.ch/wirtschaft/er-hat-den-schwierigsten-job-der-bankenwelt-ubs-praesident-colm-kelleher-verteidigt-ermottis-lohn-ld.1827762
Switzerland braced for wave of bank staff layoffs: The Swiss financial workforce engage in musical chairs as the Credit Suisse staff layoffs begin.
swissinfo.ch/eng/banking-fintech/credit-suisse-musical-chairs-set-to-create-winners-and-losers/75383012
Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout: Hedge fund Appaloosa LP became the latest to sue over the $17 billion wipeout of high-risk bonds ...
bloomberg.com/news/articles/2024-04-24/appaloosa-sues-credit-suisse-over-17-billion-at1-bond-wipeout
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How much did gas cost 30 years ago in Arizona? See prices through the years: Arizonans may remember when gas was 50 cents or $1.23 a gallon. Now ...
azcentral.com/story/money/business/consumers/2024/04/15/arizona-gas-prices-history/73303016007/
Five waves of UBS layoffs to start in June, SonntagsZeitung says: Layoffs under Swiss banking giant UBS's cost-cutting programme announced after its takeover of ...
reuters.com/business/finance/five-waves-ubs-layoffs-start-june-sonntagszeitung-says-2024-04-21/
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Is the boom in private credit losing steam?: Leading players look to partner with banks rather than be their adversaries
ft.com/content/bd3c91f2-ded2-45ed-bc6d-7db99fe42d39
UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports
reuters.com/business/finance/ubs-plans-next-round-layoffs-credit-suisse-integration-bloomberg-news-reports-2024-04-17/
Quick Glance: UBS Plans Further Layoffs in Credit Suisse Integration
- UBS is planning another round of layoffs to reduce headcount following the rescue of Credit Suisse.
- The cuts are expected to affect over a hundred positions in the firm's global investment bank.
- Job losses are also anticipated in the Wealth Management and Markets units.
- These measures signify the latest round of cuts at the bank, aiming to save around $6 billion in staff costs in the upcoming years.
Big and small ways to reduce your carbon footprint: Eat less beef. Ride the bus. Turn down the thermostat. For Earth Day, we bring you ideas on how to do your ...
startribune.com/you-can-fight-climate-change-starting-right-now/600359013/
Scotland to ditch key climate change target: The Scottish government is to scrap its flagship target of reducing greenhouse gas emissions by 75% by 2030.
bbc.com/news/uk-scotland-68841141
Tesla's Cybertruck needs a hole drilled through the accelerator pedal: A user posted a 35-second video on X of him fixing the gas pedal issue that caused a ...
businessinsider.com/tesla-cybertruck-accelerator-pedal-recall-fix-includes-drilling-hole-2024-04
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund: Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) ...
reuters.com/business/finance/ubs-gets-backing-capital-plan-ermotti-pay-norway-wealth-fund-2024-04-23/
US restricts drilling and mining in Alaska wilderness, angering state leaders: The Biden administration on Friday took steps to limit both oil and gas drilling ...
reuters.com/world/us/us-restricts-drilling-mining-alaska-wilderness-angering-state-leaders-2024-04-19/
2024 ‘crucial year’ for UBS-Credit Suisse merger: UBS executives give a progress update at the bank's annual general meeting.
swissinfo.ch/eng/banking-fintech/2024-crucial-year-for-ubs-credit-suisse-merger/76333320
NASA chief asks nations to work together on climate change: NASA is hoping that nations will work together more closely in the future on topics such as climate ...
reuters.com/world/nasa-chief-asks-nations-work-together-climate-change-2024-04-24/
AI boom to fuel natural gas demand in coming years, report says: A spike in power usage from artificial intelligence (AI) data centers could significantly boost ...
reuters.com/business/energy/ai-boom-fuel-natural-gas-demand-coming-years-report-says-2024-04-23/
Credit Suisse: Rohner and other managers can keep their bonuses: Disillusionment in the Federal Council: legal action is unlikely to be successful ...
tagesanzeiger.ch/credit-suisse-rohner-und-andere-manager-duerfen-boni-behalten-346954174150
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Biden administration restricts oil and gas leasing in Alaska: The U.S. oil industry’s top lobbying group says Biden administration rules restricting oil and gas ...
apnews.com/article/alaska-drilling-petroleum-reserve-biden-1dd8c07d2ed6e902ee6ac6298e2eaade
Quick Glance: Restrictions on Oil and Gas Leasing in Alaska under Biden Administration
- The Biden administration announced restrictions on new oil and gas leasing on 5.3 million hectares of a federal petroleum reserve in Alaska to protect wildlife from the impacts of climate change.
- The decision finalizes proposed protections that drew backlash from environmentalists last year for violating Biden's climate change pledge.
- The limitation on new leasing faced opposition from Republican lawmakers who criticized the decisions as undermining national security interests.
- Environmentalists praised the decision, while the oil industry labeled it as misguided and raised concerns about future developments in the reserve.
Switzerland says UBS may need more cash. The bank is fuming: A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as ...
cnn.com/2024/04/24/investing/ubs-switzerland-too-big-to-fail/
From proxies to gas pumps, Israel’s retaliation could hit Iran in myriad ways: Analysts believe any Israeli response will seek to avoid civilian casualties ...
timesofisrael.com/from-proxies-to-gas-pumps-israels-retaliation-could-hit-iran-in-myriad-ways/
UBS flags 'serious' concern about new Swiss capital requirements: UBS executives on Wednesday told shareholders that the bank has major concerns about the Swiss ...
reuters.com/business/finance/ubs-says-seriously-concerned-about-new-capital-requirements-talk-2024-04-24/
Watch: Italy’s Mount Etna Blows Rare ‘Vortex Rings’ Into Sky: The “volcanic vortex rings” are a rare phenomenon generated by the combination of rapid gas release ...
wsj.com/video/watch-italys-mount-etna-blows-rare-vortex-rings-into-sky/9A15B452-A920-45DA-B6AE-128AB57981E0
Mercedes Just Unveiled the All-Electric G-Wagen. Here’s What We Know.: The all-electric Mercedes-Benz G 580 touts 579 hp and 859 ft lbs of torque ...
robbreport.com/motors/cars/mercedes-benz-all-electric-g-580-revealed-1235592257/
Quick Glance: Electric 2025 Mercedes G-Class Blends New and Old Tech
- The Mercedes G-Class, an iconic off-roader, undergoes a radical electric transformation.
- The G580 with EQ Technology maintains the iconic design but features an electric powertrain.
- The electric G-Class utilizes a 116-kWh battery, delivering 579 HP and 859 lb-ft of torque.
- Enhancements like G-Turn and G-Steering improve the off-road capabilities of the electric vehicle.
Credit Suisse: Now there are layoffs - in 5 waves: The merged major bank wants to massively reduce its workforce in five waves. Meanwhile ...
tagesanzeiger.ch/credit-suisse-jetzt-kommts-zu-entlassungen-in-5-wellen-311165240715
Takeover of CS by UBS: US criticism is hypocritical: If CS were an American bank, it would have been wound up. That's what the head of the American deposit ...
nzz.ch/meinung/amerikas-belehrungen-zur-rettung-der-credit-suisse-sind-heuchlerisch-ld.1825960
Natural gas pipeline fire in Yellowhead County prompts Alberta Wildfire response | Globalnews.ca
trib.al/sgIXGA9
Global watchdog welcomes reform proposals for Swiss banking: Swiss proposals to better regulate its banking system and make it safer were welcomed by the ...
reuters.com/business/finance/global-watchdog-welcomes-reform-proposals-swiss-banking-2024-04-11/
Blaise Goetschin: an interview with probably the most experienced bank boss: Blaise Goetschin has stepped down as head of the Cantonal Bank of Geneva after more ...
nzz.ch/wirtschaft/blaise-goetschin-der-erfahrenste-kantonalbank-chef-im-interview-ld.1823099
UBS on the brink of Switzerland's 'too big to fail' reckoning: Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how ...
reuters.com/business/finance/ubs-brink-switzerlands-too-big-fail-reckoning-2024-04-08/
UBS weighs Credit Suisse China stake swap with Beijing government, Bloomberg News reports
reuters.com/markets/deals/ubs-weighs-credit-suisse-china-stake-swap-with-beijing-government-bloomberg-news-2024-04-09/
Solar to displace natural gas in the daytime + in summer on the Texas grid: Solar is forecast to displace natural gas in the middle of the day and in the summer ...
electrek.co/2024/04/10/solar-to-displace-natural-gas-in-the-daytime-in-summer-on-the-texas-grid/
Yellowhead County burst pipeline investigation underway as wildfire brought under control | Globalnews.ca
trib.al/vCSqy8n
UBS on the brink of Switzerland's 'too big to fail' reckoning: Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how ...
reut.rs/49nfg0J
Activist Wawa Gatheru on Championing Black Women as Climate Leaders This Earth Day—And Beyond
vogue.com/article/wawa-gatheru-earth-day-essay
UBS and Credit Suisse: merger of branches in Basel: UBS is merging its branches with those of Credit Suisse. This affects five branches in the region ...
bazonline.ch/ubs-und-credit-suisse-fusion-von-filialen-in-basel-932127211932
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Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...
thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/
Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors
- The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.
- While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.
- The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.
- In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.
UBS Faces Capital Hit as High as $25 Billion, Minister Says: UBS Group AG faces an increase in regulatory capital requirements that could reach $15 billion to ...
bloomberg.com/news/articles/2024-04-16/ubs-capital-needs-could-rise-by-25-billion-minister-tells-tagi
Biden administration finalizes new rules for power plants in one of its most significant climate actions to-date
cnn.com/2024/04/25/climate/biden-epa-power-plant-rule-climate/
UBS JV to acquire Credit Suisse Japan wealth management business: UBS said on Monday its Japanese wealth management joint venture with SuMi TRUST Wealth ...
reuters.com/business/finance/ubs-jv-acquire-credit-suisse-japan-wealth-management-business-2024-04-08/
Steep discounts, new vessels spur demand for LNG to power ships: Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices ...
reuters.com/business/energy/steep-discounts-new-vessels-spur-demand-lng-power-ships-2024-04-24/
After the referendum: The poisoned Swiss pension gift: After the Swiss voted yes to a 13th month pension, a reform is needed that deserves the name ...
faz.net/aktuell/wirtschaft/die-schweiz-braucht-nach-volksabstimmung-eine-rentenreform-19641157.html
'I was diagnosed with stage 3 cancer at 34 after ignoring embarrassing symptom': Jelena Tompkins, from Colorado, US, was diagnosed with a stage 3 colorectal ...
mirror.co.uk/news/us-news/i-diagnosed-stage-3-cancer-32630391
Too big to fail: The Federal Council presents 22 measures: The state government has announced a package of measures to strengthen regulation of large banks ...
nzz.ch/wirtschaft/der-bundesrat-zieht-die-lehren-aus-dem-fall-credit-suisse-mit-diesen-22-massnahmen-will-er-die-steuerzahler-vor-einer-ubs-krise-schuetzen-ld.1825679
Student who took two to three 'big bottles' of laughing gas daily may have died from long-term use
itv.com/news/london/2024-04-10/student-may-have-died-after-long-term-use-of-laughing-gas-inquest-hears
Iran gas pipeline: A solution to Pakistan's energy woes?: Energy-hungry Pakistan wants to proceed with a natural gas pipeline connecting it and neighboring Iran ...
dw.com/en/iran-gas-pipeline-a-solution-to-pakistans-energy-woes/a-68768478
Heat pumps can replace traditional water heaters: Tax credits are available for swapping out heaters powered by fossil fuels.
startribune.com/electric-heat-pump-water-heater/600359056/
Takeover of Credit Suisse by UBS: These 14 bank branches are closing in the canton of Zurich
tagesanzeiger.ch/uebernahme-der-credit-suisse-durch-ubs-diese-14-bankfilialen-schliessen-im-kanton-zuerich-100660080290
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Here’s how EVs could get 200 miles per gallon : A new report says that electric vehicles could double in efficiency in the next decades — if automakers make the ...
washingtonpost.com/climate-solutions/2024/04/10/ev-efficiency-double-2050/
How Texas unleashed a geothermal boom: With its nation-leading renewables fleet and oil and gas industry, Texas is poised to dominate what boosters hope will be ...
thehill.com/policy/energy-environment/4605177-texas-geothermal-energy-boom/
Swiss minister criticises big bank bonuses as UBS set for stricter rules: Switzerland's finance minister took aim at bonus excesses and inflated salaries at ...
reuters.com/business/finance/swiss-minister-criticises-big-bank-bonuses-ubs-set-stricter-rules-2024-04-10/
UBS to face tougher rules in Swiss response to Credit Suisse rescue: In 209 pages of recommendations on how to police banks deemed "too big to fail" ...
swissinfo.ch/eng/banking-fintech/ubs-to-face-tougher-rules-in-swiss-response-to-credit-suisse-rescue/75469949
Trump rails against wind energy in fundraising pitch to oil executives: “I hate wind,” the former president told oil industry officials at a recent Mar-a-Lago ...
washingtonpost.com/climate-environment/2024/04/17/trump-wind-power-oil-executives/
US to reimpose sanctions on Venezuela’s oil and gas sector: The United States will reimpose sanctions on Venezuela’s oil and gas sector in response to the Maduro ...
cnn.com/2024/04/17/politics/us-reimpose-oil-sanctions-venezuela/
Quick Glance: US to Reinstate Sanctions on Venezuela’s Oil and Gas Sector
- The United States will reimpose sanctions on Venezuela’s oil and gas sector due to the Maduro government's failure to allow 'an inclusive and competitive election' to take place.
- The US government decided not to renew the temporary authorization (General License 44) that allowed transactions with Venezuela's national oil and gas sector without fear of sanctions, citing the Maduro government's failure to uphold key areas of the 'Barbados Agreement.'
- While the impact of revoking the authorization could not be quantified, another authorization from 2022 allowing the oil company Chevron to resume limited resource extraction operations in Venezuela will remain in place.
- Despite reinstating sanctions, a US official emphasized that this should not be seen as a final decision on Venezuela's electoral capabilities, and efforts to support a better future for the country will continue.
Comer threatens to subpoena Granholm for testimony on SPR withdrawals, LNG export pause
thehill.com/policy/energy-environment/4606106-comer-threatens-granholm-subpoena-over-spr-withdrawals-lng-export-pause/
Heating costs 2024/25: CO2 deduction to be increased again: A few days ago, prices for heating, washing and cooking rose for many consumers ...
t-online.de/heim-garten/aktuelles/id_100382254/heizkosten-2024-25-co2-abschlag-wird-erneut-erhoeht.html
Scottish government ditches flagship climate change target as it accepts it is 'out of reach'
news.sky.com/story/scottish-government-ditches-flagship-climate-change-target-as-it-accepts-it-is-out-of-reach-13117836
2025 BMW M4 CS Launching in Riviera Blue and Frozen Isle of Man Green: The new 2025 BMW M4 CS will be available in four different colors: Riviera Blue ...
bmwblog.com/2024/04/16/2025-bmw-m4-cs-in-riviera-blue-and-frozen-isle-of-man-green/
'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
cnbc.com/2024/04/11/lose-lose-situation-new-swiss-bank-laws-could-derail-ubs-challenge-to-wall-street-giants.html
Tenth consecutive monthly heat record alarms and confounds climate scientists: If the anomaly does not stabilise by August, ‘the world will be in uncharted ...
theguardian.com/global/2024/apr/09/tenth-consecutive-monthly-heat-record-alarms-confounds-climate-scientists
Quick Glance: Global Record: Warmest March Ever
- Last month marked the warmest March globally on record and the tenth consecutive month with new temperature records for respective months.
- According to a report from the Copernicus Climate Change Service (C3S), the EU's climate monitoring service, global temperatures in March surpassed the pre-industrial average for that month from 1850 to 1900 by 1.68°C and were 0.73°C above the 1991-2020 average for March. The previous month also exceeded the previous March record by 0.10°C set in 2016.
- The global average temperature from April 2023 to March 2024 is now the highest on record, standing at 1.58°C above the 1850-1900 pre-industrial average.
- In Europe, temperatures in March 2024 were 2.12°C above the 1991-2020 average for the month, with significantly above-average temperatures observed in central and eastern Europe.
Dimon Calls Push to Stop All Oil, Gas Projects Enormously Naïve: Jamie Dimon said US delays of liquefied natural gas projects were done for political reasons to ...
bloomberg.com/news/articles/2024-04-08/dimon-calls-push-to-stop-all-oil-gas-projects-enormously-naive
Paid articlePaid How to tame UBS without making the bank toothless: Swiss government proposals to regulate Too Big to Fail banks meets sceptical response.
swissinfo.ch/eng/banking-fintech/how-to-tame-ubs-without-making-the-bank-toothless/75541822
Biden administration considers scrapping a futuristic proposal to slash power plant pollution
cnn.com/2024/04/18/climate/biden-epa-power-plant-rules-hydrogen-climate/
Major Swiss banks: “The Credit Suisse case must not be repeated”: The Swiss government wants to tighten regulation and supervision of UBS. She also sets her ...
faz.net/aktuell/finanzen/finanzmarkt/schweizer-regierung-will-bankenregulierung-verschaerfen-19644800.html
Mount Etna, Europe’s largest volcano, puffs giant ‘smoke rings’ into sky: “The rings look pretty much like the ‘smoke rings’ produced by an able smoker ...
washingtonpost.com/world/2024/04/08/mount-etna-smoke-rings-volcano/
Quick Glance: Rare Sight: Volcanoes Emit Smoke Rings
- Images and videos from the past few days show Europe’s tallest active volcano, Mount Etna, blowing out near-perfect circular smoke rings into the Sicilian sky.
- The smoke rings are coming from a small vent on Mount Etna’s southeast crater and are caused by the constant release of gases.
- These volcanic smoke rings are extremely rare, formed when gas bubbles are pushed through the narrow central part of volcanic conduits and then wrap around themselves to be propelled hundreds of meters into the air.
- An ash cloud from Mount Etna's eruption in August last year resulted in flight cancellations, delays, and diversions, impacting millions during the holiday season.
Late and over-budget CalMac ferry Glen Rosa set for launch: The ferry is one of two dual-fuel vessels which are some six years late and will cost around three ...
news.stv.tv/west-central/late-and-over-budget-calmac-ferry-glen-rosa-set-for-launch
Ford recalls nearly 43,000 SUVs due to gas leaks that can cause fires: Ford is recalling nearly 43,000 small SUVs because gasoline can leak from the fuel ...
abcnews.go.com/Business/wireStory/ford-recalls-43000-suvs-due-gas-leaks-cause-109089050
Quick Glance: Ford recalls nearly 43,000 SUVs due to gas leaks
- Ford is recalling nearly 43,000 small SUVs because gasoline can leak from the fuel injectors onto hot engine surfaces, increasing the risk of fires, without fixing the fuel leaks.
- The recall covers certain Bronco Sport SUVs from the 2022 and 2023 model years, as well as Escape SUVs from 2022 with 1.5-liter engines.
- Dealers will install a tube to let gasoline flow away from hot surfaces and update engine control software to detect a pressure drop in the fuel injection system.
- Ford will extend warranty coverage for cracked fuel injectors and provide replacements for owners who experience the issue.
2025 Hyundai Ioniq 5 N First Drive Review: Sweet Little Lies: A common EV criticism is that they all kind of drive the same. The ICE car-mimicking Ioniq 5 N does ...
thedrive.com/car-reviews/2025-hyundai-ioniq-5-n-first-drive-review
BMW M3 CS Laps Nürburgring In 7:27: Onboard Video: Equipped with Michelin Pilot Sport Cup 2, the BMW M3 CS was driven by Sport Auto's Christian Gebhardt to ...
bmwblog.com/2024/04/11/bmw-m3-cs-laps-nurburgring-7-minutes-27-seconds/
UK heat pump adopters open up homes to encourage others to ditch gas boilers : VisitAHeatPump service allows householders to look and ask questions about ...
theguardian.com/environment/2024/apr/11/uk-heat-pump-adopters-open-up-homes-to-encourage-others-to-ditch-gas-boilers
UBS’s Fears in Switzerland Are Realized: The bank faces higher demands from its government after the Credit Suisse disaster, but it could have been worse.
bloomberg.com/opinion/articles/2024-04-11/ubs-s-fears-in-switzerland-are-realized
Global warming is coming for your home: Who will pay for the damage?
economist.com/leaders/2024/04/11/global-warming-is-coming-for-your-home
Oilfield firm SLB's profit rises on international drilling demand: Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday ...
reuters.com/markets/commodities/oilfield-firm-slbs-profit-rises-international-drilling-demand-2024-04-19/
Eclipse tourism is an economic bright spot for small towns in the path of totality
pbs.org/newshour/show/eclipse-tourism-is-an-economic-bright-spot-for-small-towns-in-the-path-of-totality
The U.S. just changed how it manages a tenth of its land: The Interior Department finalized a rule that puts conservation on equal footing with mining ...
washingtonpost.com/climate-environment/2024/04/18/biden-public-lands-conservation-rule/
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