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☆ Starting to see green shots in IPO market activity, says Alexander De Mol
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarting to see green shots in IPO market activity, says Alexander De MolAlexander De Mol, Bain & Co. Partner, discusses Reddit's IPO and the state of the private equity market.

Persons: Alexander De Mol Alexander De Mol Organizations: Bain & Co

☆ Take a look inside the US' Manned Orbiting Laboratory, a Cold War-era crewed spy satellite that never made it to space
▼ + stars: | 2024-01-11 | by ( Lauren Frias | ) www.businessinsider.com time to read: +2 min

Manned space operationsAn illustration of the Manned Orbiting Laboratory. Then-US Secretary of Defense Robert McNamara publicly unveiled the program in December 1963, and President Lyndon B. Johnson formally approved the project in August 1965. "This program will bring us new knowledge about what man is able to do in space," Johnson said at the time. It will develop technology and equipment which will help advance manned and unmanned space flights. "The system was resource-limited because it was a film system, not electronic like we have now.

Persons: Robert McNamara, Lyndon B, Johnson, Richard Truly Organizations: Manned, Laboratory, US Air Force, National Reconnaissance Office, Cuban Missile, MOL Locations: Vietnam, America, Soviet Union

☆ Best ways to counter the harmful effects of sitting, according to research
▼ + stars: | 2023-11-10 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —Sitting too much may send you to an early death, likely from chronic diseases such as obesity, type 2 diabetes, cardiovascular disease and more, according to research. “The question is, if you have a restorative or recharging sleep, is that better than sitting on the couch eating and watching TV? While the study found swapping sitting for sleep improved health, benefits were not equal, the authors said. More vigorous exercise is best, but standing, walking and even sleeping is better than just sitting, experts say. “Since most songs average at least 3 minutes, you can dance off the negative impact of too much sitting.

Persons: ”, Andrew Freeman, ” Freeman, Mark Hamer, ” Hamer, Emmanuel Stamatakis, Kobus, “, Jo Blodgett, James Leiper, ” Leiper, that’s, Dana Santas, ” Santas, Santas Organizations: CNN’s, CNN, BMI, Jewish Health, Institute of Sport, Health, University College London, University of Sydney, British Heart Foundation Locations: waistlines, Denver, Australia, Belgium, Denmark, Finland, Norway, Spain, Netherlands, United Kingdom, United States

☆ Europe Is Embarking on a Mining Renaissance. Winning Over Locals Is Proving a Challenge.
▼ + stars: | 2023-08-10 | by ( Yusuf Khan | ) www.wsj.com time to read: +12 min

“It’s definitely a [mining] renaissance,” said Rebecca Campbell, global mining and metals lead at law firm White & Case. “We’re trying to foster a permitting landscape that is both efficient and responsible.”In Europe, the mining renaissance comes after years of nearly no new mining activity on the continent. Left: A layer of spodumene within the host rock that Savannah Resources intends to mine. Savannah Resources, which has set up two offices in the municipality, has said it would strictly avoid that and instead build reservoirs to store rain water. That view is echoed by Savannah Resources.

Persons: COVAS, Portugal —, Barroso, BEL, mina ”, ”, Nelson Gomes, Covas, Alex Gorman, “, Nelson, YUSUF KHAN, “ It’s, Rebecca Campbell, ” “, Jayni Hein, Hein, “ We’re, Peel Hunt’s Gorman, Dale Ferguson, Gomes, Jessica Polfjärd, Polfjärd, Ana Fontoura Gouveia, Fontoura, ” Fontoura, Yusuf Khan Organizations: COVAS DO BARROSO, Associação, Peel, Vulcan Energy Resources, Adriatic Metals, White, Covington, Burling, Environmental, Council, Savannah Resources, Sustainable Business, Sweden’s Moderate Party, Serra Locations: Portugal, Porto, Boticas, Covas, It’s, Europe, Germany, Sweden, Bosnia, Finland, Greece, U.S, Savannah, London, spodumene, Serbia, China, yusuf.khan

☆ Asia markets fall after Wall Street's banks jump on stress test results
▼ + stars: | 2023-06-30 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets mostly fell on the final trading day of the first half of the year. The Dow Jones Industrial Average rose, lifted by shares of large banks jumping after passing the Federal Reserve's annual stress test. A revised U.S. gross domestic product print also helped lift investor sentiment, alleviating recession fears on Wall Street. Investors will look ahead to the latest data on personal consumption expenditures, the Federal Reserve's favored inflation gauge. Japanese stocks fell as investors digested Tokyo's core consumer price index, which remained at levels above the central bank's target for thirteen straight months.

Organizations: Mitsui OSK Lines, Dow Jones, Federal, Nikkei Locations: Tokyo, Asia, Pacific, South Korea, Australia

☆ Russian oil supplies to EU via southern Druzhba to rise 16% in June - sources
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +3 min

The southern branch of the Druzhba pipeline supplies Hungary, Slovakia and the Czech Republic. The EU imposed an embargo on Russian oil purchases via maritime routes from December. Hungary, Slovakia and Czech Repubic were, however, allowed to continue Russian oil imports as critical feedstock. Oil supplies via a section of the southern Druzhba pipeline were temporarily suspended in November following shelling on a power station which provides electricity for a pump station. The Druzhba pipeline crosses Belarus and Ukraine and remains an income source for both countries which receive transit fees.

Persons: Unipetrol, Poland's PKN, uninterruptedly, PKN Orlen, Emelia Sithole Organizations: European Union, EU, MOL, Reuters, Minsk, Thomson Locations: MOSCOW, Ukraine, Russian, Europe, Russia, Moscow, Hungary, Slovakia, Czech Republic, Druzhba, Czech, Belarus, Kiev, Adria, Ukrainian

[1/2] Zsolt Hernadi, Executive Chairman of Hungarian oil and gas group MOL poses during an interview with Reuters in Budapest, Hungary, April 27, 2023. Hernadi said MOL was fighting to prevent a hike in oil transit fees in Ukraine and also in Croatia. The BTC pipeline transports crude oil from offshore oil fields in the Caspian Sea to the Turkish coast. He said MOL would pay Ukraine's pipeline operator Ukrtransnafta directly for the transit of Russian oil but there was still a dispute over a Ukrainian hike in fees. "There are still disputes, discussions ongoing about the transit fee, as a multi-fold increase has been flagged (by Ukraine)."

☆ Supreme Court gives New Jersey, shipping industry and unions a win in New York ports case
▼ + stars: | 2023-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

The Supreme Court ruled Tuesday that New Jersey can unilaterally withdraw from the longstanding Waterfront Commission Compact it has with New York to police corruption in the shipping industry in the major port the two states share. All nine of the Supreme Court's justices voted to dismiss arguments by New York in favor of forcing New Jersey to stay in the compact. "Since the first hours of our time in office, my Administration has steadfastly pursued the dissolution of the Waterfront Commission because it was the right thing to do," Murphy said. The two-member Waterfront Commission was created in 1953 by New York and New Jersey to address labor corruption in the Port of New York and New Jersey. New York claimed that the agreement "does not allow either State to unilaterally withdraw," Kavanaugh noted in his opinion.

☆ Amogy retrofits vehicles ranging from drones to tractors to make them run on sustainable ammonia. It just raised $139 million with this 18-slide pitch deck.
▼ + stars: | 2023-03-22 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

We got an exclusive look at the 18-slide deck Amogy used to raise the money. A startup betting on ammonia as a next-generation fuel has just secured $139 million in an all-equity Series B extension. New York-based Amogy has created a retrofit energy system to replace engines, which allows ammonia to be used as a fuel. Ammonia is predicted to account for 45% of all shipping fuel in a net zero 2050 scenario modeled by the International Energy Agency. The company is also working with upstream players to help decarbonize the fuel, Woo said.

☆ Tyler Perry is one of the world's highest-paid entertainers. Here's how the Hollywood mogul makes and spends his $1 billion fortune.
▼ + stars: | 2023-02-17 | by ( Debanjali Bose | Talia Lakritz | ) www.businessinsider.com time to read: 1 min

Tyler Perry has an estimated net worth of $1 billion, according to Forbes. Tyler Perry became a billionaire in 2020. Associated PressPerry was the third highest-paid entertainer in the world in 2022 at $175 million, Forbes reported. He joined the seven-figure ranks of Oprah Winfrey, George Lucas, John de Mol, and Steven Spielberg in September 2020, and his net worth remains at $1 billion as of February 2023, according to his Forbes profile.

☆ How to snag discounts through Beni, an online shopping tool that hunts for resale deals on Poshmark, eBay, and The RealReal
▼ + stars: | 2023-02-06 | by ( Danni Santana | ) www.businessinsider.com time to read: +5 min

Beni, a browser extension, helps shoppers curate resale listings while browsing retail sites online. BeniShoppers are required to download the Beni extension on Google Chrome or Safari. Then, they must enable the extension while shopping online to view resale listings. "So let's say you find a Patagonia jacket that you really love, we'd show you 20 jackets often that are exactly the same from places like eBay or The RealReal," Pinner said. In return for real-time listings data, Beni markets new resale items to customers as they shop outside of their platforms.

☆ Japan's Mitsui OSK, Kansai Electric sign MoU on carbon capture and storage
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: 1 min

SINGAPORE, Dec 23 (Reuters) - Japanese shipping company Mitsui O.S.K Lines (MOL) (9104.T) and Kansai Electric Power Co (KEPCO) (9503.T) have signed a memorandum of understanding (MoU) to study the development of a carbon capture and storage (CCS) value chain. The value chain includes the separation, capture, transportation, injection and storage of carbon dioxide emitted from KEPCO's thermal power plants, said MOL in a statement on Wednesday. Both MOL and KEPCO will also look at developing marine transportation of liquefied carbon dioxide to potential storage sites, the statement added. Industries worldwide are exploring carbon capture and storage solutions to try to reduce emissions and meet environmental targets. Reporting by Emily Chow; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

[1/2] Drivers wait for fuel at a gas station of Hungarian oil company MOL Group in Budapest, Hungary, December 5, 2022. MOL, Hungary's main oil and gas group, has said the price cap was unsustainable as major players stopped importing fuel due to low prices, aggravating the shortage. "In the past days, the oil sanctions of Brussels took effect and what we had been afraid of, has actually happened. From now on there are sanctions prices on petrol across entire Europe," Orban said on Facebook, adding the government will "take away the extra profits generated by this" and redirect them to the state budget. At 1218 GMT, its shares traded 1.8% lower, reversing earlier gains of around 3% after the fuel price cap was ditched overnight.

☆ Hungarian government scraps price cap on fuels as shortage worsens
▼ + stars: | 2022-12-06 | by ( Krisztina Than | ) www.reuters.com time to read: +2 min

Prime Minister Viktor Orban's chief of staff told a briefing late Tuesday the government had to abolish the price cap, which was introduced a year ago, at MOL's recommendation immediately. The price cap was set to expire at the end of December. Gulyas said the ending of the price cap will boost inflation but did not give an estimate. In July, the government had to narrow the scope of eligibility, and since then the fuel price cap has applied to drivers of privately owned vehicles, farm vehicles and taxis. But the scrapping of the price cap would help alleviate the shortage on the market within a few days, he said.

☆ Exclusive: EU embargo diverts Lukoil's Caspian oil to CPC link
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

A European Union embargo from Dec. 5 is set to ban European buyers from purchasing and transporting Russian oil. As a major route for Kazakhstan's oil, CPC oil exports are excluded from the ban. "Russian oil is leaving BTC, the reason is sanctions, BTC doesn't let Russian oil in," - one of the sources said. CPC Blend exported via the CPC pipeline currently trades at a significant discount to Azeri BTC oil, which is supplied via BTC. The main exporters of the Azeri BTC oil are Azerbaijan's SOCAR and BP, as well as Hungarian company MOL, Exxon (XOM.N) and Turkey's TPAO.

☆ Hungary's MOL says it finds 'substantial' oil field in Hungary
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: 1 min

Companies MOL Magyar Olajes Gazipari Nyrt FollowBUDAPEST, Nov 21 (Reuters) - Hungarian energy company MOL (MOLB.BU) found a 'substantial' oil field in Hungary that could raise the country's oil production by 5%, the company told state news agency MTI on Monday. The company said it found the oil field close to Budapest in the town of Vecses in an area where it started exploratory drilling in July. Reporting by Anita Komuves, editing by Alan CharlishOur Standards: The Thomson Reuters Trust Principles.

☆ Oil company MOL curbs fuel supplies as Russian imports fall 'substantially'
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +1 min

Companies MOL Magyar Olajes Gazipari Nyrt FollowBUDAPEST, Nov 18 (Reuters) - Hungarian oil and gas group MOL (MOLB.BU) said it was temporarily curbing fuel deliveries to some retailers as oil supplies from Russia fell "substantially" below normal levels, the company told state news agency MTI on Friday. Hungarian Foreign Minister Peter Szijjarto said on Wednesday that oil shipments via the pipeline have restarted. But MOL told MTI on Friday that Hungary's oil imports have fallen as deliveries via the pipeline resumed only at a low pressure. MOL also said maintenance at its main Danube refinery in Hungary caused a drop in capacity, affecting all of its products. MOL spokespeople did not immediately respond to questions about when normal oil flows could resume.

☆ Hungary foreign minister says Druzhba pipeline can be restarted soon
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] Hungary's Minister for External Economy and Foreign Affairs Peter Szijjarto gestures during a General Affairs meeting in Luxembourg June 22, 2021. John Thys/Pool via REUTERSBUDAPEST, Nov 16 (Reuters) - The Druzhba oil pipeline can likely be restarted within a short time as the pipeline itself had not been damaged, Hungarian Foreign Minister Peter Szijjarto said in a video on his Facebook page on Wednesday. Szijjarto also said, after talking with the Polish foreign minister, that Hungary was waiting further information from Poland on the results of their investigation into the blast that occurred in Poland near the Ukrainian border. Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline had been temporarily suspended on Tuesday, according to oil pipeline operators in Hungary and Slovakia. "Its somewhat reassuring news that according to current information, the Druzhba pipeline itself was not damaged, only one element of the infrastructure that operates the pipeline, a power station," Szijjarto said.

☆ Russia notified by Ukraine of oil supply suspension to Hungary via Druzhba -RIA
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Nov 15 (Reuters) - Russia's state-owned pipeline monopoly Transneft (TRNF_p.MM) has been notified by Ukraine that oil supply to Hungary via the Druzhba oil pipeline's southern leg is temporarily suspended, the RIA news agency quoted Transneft as saying. "Ukrainian side has informed us that they have suspended (oil) pumping towards Fenyeslitke (in Hungary) due to voltage drop," RIA quoted Igor Dyomin, an aide to Transneft president, as saying on Tuesday. UkrTransNafta, the company that operates the Ukrainian section of Druzhba, was not immediately available for comment. Hungarian company MOL said in an emailed statement separately that it was notified by Ukraine that oil supply to Hungary, Slovakia and the Czech Republic via the Soviet-era built Druzhba pipeline has been temporary suspended. MOL's reserves were sufficient to ensure continuous supply in Hungary until the situation is resolved, it added.

BUDAPEST/PRAGUE, Nov 15 (Reuters) - Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The Druzhba pipeline network originates in Russia and splits in Belarus into Ukraine, where it splits again, supplying several countries in Eastern and Central Europe that depend on that oil, including refineries in landlocked Hungary, Slovakia and the Czech Republic. Czech pipeline operator MERO has not observed disruptions so far in the flow of oil through the Druzhba line, a spokeswoman said on Tuesday. Polish pipeline operator PERN said late on Tuesday that oil is flowing normally via the Polish section of the line. The Druzhba pipeline network originates in Russia and extends into Eastern and Central Europe.

☆ Hungary MOL says oil shipments on Druzhba pipeline temporarily suspended
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

Companies MOL Magyar Olajes Gazipari Nyrt FollowBUDAPEST, Nov 15 (Reuters) - Hungarian oil and gas group MOL (MOLB.BU) said on Tuesday that it had been notified by Ukraine that oil supply to Hungary, Slovakia and the Czech Republic via the Druzhba pipeline has been temporarily suspended. MOL said its Ukrainian partner notified the company that a power station near the pipeline in Ukraine close to the Belarus border that provides electricity for a pump station, was hit by a Russian rocket and that led to the stoppage. Reporting by Krisztina Than; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Hungary, Serbia agree to build pipeline to ship Russian oil to Serbia
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +2 min

The receiver station of the Druzhba oil pipeline between Hungary and Russia is seen at the Hungarian MOL Group's Danube Refinery in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo/File PhotoBUDAPEST, Oct 10 (Reuters) - Hungary and Serbia have agreed to build a pipeline to supply Serbia with Russian Urals crude via the Druzhba oil pipeline as Belgrade's shipments via Croatia fall under EU sanctions, the Hungarian government said on Monday. Serbia gets its oil via the JANAF oil pipeline from Croatia. "The new oil pipeline would enable Serbia to be supplied with cheaper Urals crude oil, connecting to the Friendship oil pipeline," Hungarian government spokesman Zoltan Kovacs tweeted. Hungary has gas reserves covering about five to six months' worth of consumption, Prime Minister Viktor Orban said.

☆ New York is now the nation's busiest port in a historic tipping point for U.S.-bound trade
▼ + stars: | 2022-09-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

This comes as the flow of trade continues to move away from the West Coast with logistics managers worried about a labor strike or lockout. More East Coast trade, and more port congestionThe CNBC Supply Chain Heat Map for the U.S. shows how the continued increase in trade has East Coast ports and Gulf port as the winners in this movement of freight. Maritime prices fallingThe flow of trade away from the West Coast has decreased the demand for vessel space, leading Far East to West Coast maritime freight prices to fall. "Shippers are still bringing in a lot of containers, on the East Coast and West Coast and Gulf Coast as well." Shippers are still hesitant to return re-routed cargo to the U.S. West coast, Sand said.

☆ Factbox: How governments are trying to ease inflation pain
▼ + stars: | 2022-08-08 | by ( ) www.reuters.com time to read: +5 min

* Mexico will raise the minimum wage by 20% next year after an agreement was reached between employers, labour representatives and the government. EUROPE:* European Union countries are racing to reach a deal on a gas price cap by Dec. 13. The bloc's members are considering a slightly lower gas price cap than the one proposed by the European Commission, documents seen by Reuters showed. * Slovakia will spend 6 billion euros to cap energy prices for households next year. * Tunisia's government in September signed a deal with a major labour union to raise public sector pay and the minimum wage.

LISBON, Feb 22 (Reuters) - Heavy tug boats on Tuesday sprayed water on a ship off the coast of Portugal's Azore Islands which went on fire nearly a week ago carrying thousands of Porsches and Bentleys, an incident insurance experts said could result in $155 million in losses. The 22 crew members on board the ship, called the Felicity Ace, were evacuated the same day the fire broke out. Two large tug boats equipped with firefighting gear arrived from Gibraltar on Monday, and were working with another patrol boat to spray water at the Felicity Ace and cool it down, MOL said. "When conditions are safe the salvage team will board the Felicity Ace for an initial assessment," MOL added. Two other tug boats with more firefighting equipment were scheduled to arrive Feb. 23 and Feb. 26.

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