Denzel Valentine (Chicago Bulls) with an and one vs the Cleveland Cavaliers, 04/17/2021
Denzel Valentine (Chicago Bulls) with an and one vs the Cleveland Cavaliers, 04/17/2021
Kosmos Energy (NYSE/LSE: KOS) ("Kosmos" or the "Company") announced today that it has successfully completed the amendment and extension of its reserve based lending ("RBL") facility.
Cryptocurrency ether broke past $4,000 on Monday, climbing to a new peak for a third session in a row on bets it may find new uses, lifting other digital currencies in its wake. Bitcoin hit a three-week high and one-time parody currency dogecoin steadied, arresting a sharp drop after comments from Tesla chief Elon Musk sent it tumbling on Sunday. Bitcoin rose to $59,603 and dogecoin steadied around $0.54.
Calls grew for India to impose a nationwide lockdown as new coronavirus cases and deaths held close to record highs on Monday, increasing pressure on the government of Prime Minister Narendra Modi. On Sunday, top White House coronavirus adviser Anthony Fauci said he had advised Indian authorities they needed to shut down. The Indian Medical Association has also called for a "complete, well-planned, pre-announced" lockdown.
(Bloomberg) -- Crude oil climbed along with gasoline in New York after a cyberattack put the largest oil-products pipeline in the U.S. out of action.West Texas Intermediate and Brent both rose as gasoline surged as much as 4.2% to the highest since May 2018, before paring gains. Colonial Pipeline Co., a supplier of gasoline, diesel and jet fuel to the eastern U.S., was forced to halt operations late on Friday, and said Sunday that it is still working toward a restart of the key artery that’s vital to energy flows across the country.In addition to the unpredictability about when the pipeline’s full capacity will be restored, the fallout will be determined by the geography of the company’s U.S. network and the progress in tackling the pandemic as gasoline and jet fuel demand picks up before summer. While a rush for replacement products could emerge on the East Coast -- leading traders to source cargoes from Europe or Asia -- Gulf Coast refiners may have to trim runs, hurting U.S. crude demand.“For now, the market is giving the company the benefit of the doubt that this will be resolved in short order,” said John Kilduff, founding partner at Again Capital LLC. Still, “the pain at the pump will go national, if New York Harbor and other East Coast supply points see supplies dwindle,” he warned.Oil has surged by a about a third this year as the rapid roll-out of coronavirus vaccines across the U.S. and Europe prompted the lifting of social-distancing measures and travel curbs. Consumption of fuels including gasoline and jet fuel has been on the mend as millions of people return to work, boosting personal mobility and the use of cars. The pipeline’s unexpected outage introduces a new wild card into what was already an complex situation for oil traders just a few weeks after a blockage of the Suez Canal roiled global markets.The Colonial network is the main source of gasoline, diesel and jet fuel for the East Coast, with capacity of about 2.5 million barrels a day on its system from Houston as far as North Carolina, and another 900,000 barrels to New York. Gasoline stockpiles have hovered near a four-month low since March, while diesel inventories are just above the five-year average for this time of year.The shutdown is likely to cause fuel pile-ups, as well as shortages, along different parts of the extended supply chain, and there’s concern that some refineries may be forced to reduce processing rates.“If it is prolonged you would expect that refiners would need to start reducing run rates,” said Warren Patterson, head of commodities strategy at ING Group. “Gasoline stocks on a national level are fairly low, but if you look at the U.S. Gulf Coast, they are above the five-year average.”Traders and shippers are seeking vessels to deliver gasoline that would have otherwise gone via the Colonial system, according to people familiar with the matter. Others are securing tankers to store gasoline in the Gulf, they said.Amid the disruption, there could also be calls to suspend Jones Act, according to Again Capital’s Kilduff. The law requires goods shipped between U.S. ports to be moved on vessels built, owned, and operated by the nation’s citizens or permanent residents.Even before Colonial’s system was forced offline, gasoline had rebounded strongly this year on rising demand from motorists. U.S. refiners were ramping up output for summer demand, with the biggest spike expected at the start of the Memorial Day holiday on May 31, a three-day weekend for most Americans.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
East Jerusalem has seen nightly clashes during the Muslim holy month of Ramadan, with Palestinians pitted against Israeli police and settlers. The issues and the scale of the protests have varied, covering religion, land and politics, but running through them all is the core conflict between Israelis and Palestinians over the city, which has sites sacred to Judaism, Islam and Christianity. From the beginning of Ramadan in mid-April, Palestinians clashed nightly with Israeli police, who put up barriers to stop evening gatherings at the walled Old City's Damascus Gate after iftar, the breaking of the daytime fast.
The share repurchase programme runs as from 28 January 2021 and up to and including 30 September 2021. In this period, Jyske Bank will acquire shares with a value of up to DKK 750 million, cf. Corporate Announcement No. 2/2021 of 28 January 2021. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”. The following transactions have been made under the program: Number of shares Average purchase price (DKK) Transaction value (DKK) Accumulated, latest announcement 1,050,501 271.84 285,572,788 3 May 2021 14,500 300.34 4,355,001 4 May 2021 14,450 300.38 4,340,510 5 May 2021 14,125 305.93 4,321,222 6 May 2021 14,125 305.92 4,321,058 7 May 2021 14,100 306.57 4,322,660 Accumulated under the programme 1,121,801 273.87 307,233,238 With the transactions stated above, Jyske Bank now owns a total of 1,121,801 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 1.55% of the share capital. In accordance with the EU Commission Regulation No. 596/2014, transactions related to the share buy-back programme are attached to this corporate announcement in detailed form. Yours faithfully,Jyske Bank Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44. Attachment Share repurchase programme 20210510
Stena RoRo is leading the project for the construction of the Global Mercy™, the world's largest civilian hospital ship. After several years of construction at the Tianjin Xingang shipyard in northern China, the final test, the official sea trial, has now been completed with good results. The shipyard will present the ship for delivery this summer and the vessel will then sail to Antwerp in Belgium on its maiden voyage, where some members of the crew will board and the medical equipment supplemented. This will be followed by a visit to Rotterdam, and after this the Global Mercy™ will be ready for its first important mission in West Africa.
Almirall, S.A. (ALM) the global biopharmaceutical company based in Barcelona, has announced its Q1 2021 financial results.
(Bloomberg) -- At the end of his working day, the chief executive of the world’s biggest wealth fund can often be found on his sofa, eating a pizza and responding to students on LinkedIn. They’re keen to pick his brain on all kinds of things, and he likes sharing his thoughts.Nicolai Tangen, the 54-year-old hedge-fund star who now manages a $1.3 trillion portfolio for Norges Bank Investment Management, is trying to define what it takes to invest well today. Greed is out, diversity and climate goals are in. That means employers like Norway’s wealth fund need to cast a wider net when they search for talent.“Diversity isn’t about politics, it’s about logic,” Tangen said in an interview.Since starting in September, Tangen has dazzled Norwegians with his unorthodox approach to running the oil-rich country’s giant piggy bank. Aside from posting videos of himself cooking and chatting with young people on LinkedIn, he’s reorganized the fund’s top ranks and exposed portfolio managers to some less conventional forms of training.Shortly after taking over, Tangen reduced the size of the fund’s C-suite, and brought in more women to its previously male-dominated ranks. He also set a target that at least a third of all top jobs must be held by women, and is putting pressure on portfolio companies to pursue similar goals. Last year, 44% of new hires at the fund were women.Tangen then turned to his portfolio managers. He brought in a sports psychologist who trains military pilots to coach managers at the fund and get them to feel more comfortable taking risks. Earlier this year, the fund announced it was developing a tool to help asset managers learn from mistakes by simulating extreme stress scenarios.Tangen is also interested in how forensic linguists can help analyze corporate-speak on conference calls, to catch nuances of inflection and word choices that might reveal something. (His own background includes interrogation training with the Norwegian intelligence service.) The fund hasn’t yet hired any forensic linguists but it’s already brought in forensic accountants to trawl through reports by portfolio companies.The purpose of such changes, Tangen says, is to make sure that he and his team make the right decisions in a world that’s growing increasingly volatile and unpredictable.Though Tangen grew up in a small town on Norway’s southern coast, he was initially treated as a bit of an outsider when he returned to his country of birth. His time as a London-based hedge-fund boss known for his jet-set lifestyle left union bosses and a number of politicians uneasy. His contract as CEO had to be adjusted more than once to make sure the wealth fund wasn’t exposed to any conflicts of interest stemming from his past life.Knut Kjaer, the founding CEO of Norway’s wealth fund, has described it as a stroke of luck that Tangen agreed to take the job. Shortly after the appointment was announced, Kjaer said it was “difficult to imagine someone more qualified.” By December, Norwegians seemed to agree, and local media were nominating Tangen for “person of the year” awards, though he didn’t quite make the cut in the end.Social PsychologyTangen has said that someone in his position “needs to be used to, and capable of, being unpopular.” He’s had a somewhat off-the-beaten-track education to prepare him. Aside from his career in finance, he has degrees in art history and social psychology, and is a qualified chef.“I studied decisions in social psychology, like how do you make good decisions? Well, you get as many different opinions as possible into a discussion,” Tangen said. “If you have more opinions in a discussion, you get better innovation, you think of things you wouldn’t think of otherwise. You come up with better solutions that ensure that you make more money.”After spending much of his adult life in London, where he founded his hedge fund AKO Capital LLO, Tangen says portfolio management today isn’t what it was 10 years ago, and he wants the profiles of his staff to reflect that. A big part of that is technology and Tangen’s even gone so far as to call the wealth fund “an IT business.”To bolster the fund’s defenses against cyberattacks, Tangen has shown a readiness to bring in people without any formal education, and even invited them to try to hack into the investing behemoth’s systems. The fund recently recruited people in Singapore and New York who didn’t have college degrees.The Good ContrarianA quality Tangen seems to respect less is conformity. “You need the ability to go against the flow,” he said. “It’s good to be a contrarian, and you have to deal with holding unpopular views.”“If you’re going to make money as an investor, you have to do something that’s different from everyone else.”The wealth fund’s head of HR, Ada Magnaes, who sat next to Tangen throughout the interview, says it’s also about identifying people with “mental strength,” which has been particularly relevant during the pandemic. The fund recently announced it was giving staff the freedom to continue working from home two days a week after the Covid crisis is over. “And mobility across our offices is also something that’s hugely attractive for a lot of people,” she said.After laying out his world view, Tangen tries to balance everything he’s just said and points out that regular portfolio managers with conventional degrees are still very welcome.“We shouldn’t be overly dramatic about this,” he said. “We also hire traditional financial professionals,” not just people who “think outside the box, but also people who think inside the box.”“This is an organization with lots of different facets, and with lots of different functions,” Tangen said.And hiring “is the most exciting thing we’re doing,” he said. It’s “how we shape the future.”(Adds comments from head of HR on flexible working)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Laos has recorded its first COVID-19 death, CNN reports, more than a year after the coronavirus pandemic began. The state-run Vientiane Times said the person who died was a 53-year-old Vietnamese woman who worked at a karaoke club in the capital Vientiane. The woman had diabetes and other medical conditions, the Vientiane Times said. A landlocked country in Southeast Asia, Laos has experienced a surge in COVID-19 cases since the Lao New Year holiday in mid-April — of the 1,233 cases reported in Laos since May 2020, 1,184 were recorded in the last month, Johns Hopkins University data shows. About 7.28 million people live in Laos, and so far, the government has administered 184,387 COVID-19 vaccine doses, CNN reports. More stories from theweek.com5 scathingly funny cartoons about anti-vaxxers jeopardizing herd immunity5 brutally funny cartoons about the GOP's shunning of Liz CheneyHorse racing's Bob Baffert suspended after Kentucky Derby-winning Medina Spirit's positive drug test
(Bloomberg) -- It’s back to square one for the dollar.Friday’s worse-than-expected U.S. employment data saw the Bloomberg Dollar Spot Index drop decisively below its 2021 uptrend, putting it back to little changed for the year. The biggest one-day slide in five months has also put the greenback at risk of a further decline toward the lowest since February 2018.The data miss is the latest blow to the world’s reserve currency after its first-quarter revival was snuffed out by retreating Treasury yields, improving sentiment toward economies outside the U.S., and a dovish Federal Reserve. The dollar gauge has fallen almost 14% from a record high set last March, and the likes of JPMorgan Asset Management and T. Rowe Price are predicting more losses ahead as the global economy recovers.“We continue to see the ‘peaking U.S. exceptionalism’ narrative playing out through a weaker dollar over time,” Citigroup Inc. strategists including Ebrahim Rahbari in New York wrote in a note. That’s thanks to “views on a dovish Fed, benign risk appetite and a global recovery,” they said.The Swedish krone, Swiss franc and New Zealand dollar are leading gains in Group-of-10 currencies versus the dollar this quarter. In emerging markets, the Brazilian real, Czech koruna and Polish zloty have advanced the most against the greenback.Short BetsThe dollar’s reversal gives some vindication to Wall Street bears who predicted a weaker currency in January, but were left scrambling to cover short positions when better-than-expected U.S. data pushed up Treasury yields. That move has also faded with benchmark yields down about 18 basis points from their 1.77% high in March, denting one of the biggest appeals of the greenback.Betting against the U.S. currency is now back in vogue, with aggregate net short positions versus major peers climbing back to about $10 billion last week from $4 billion in mid-April, according to data from the Commodity Futures Trading Commission. Bearish bets totaled almost $31 billion in January.“We expect the dollar to weaken further, given its diminishing appeal as a safe-haven currency as long as the global economic picture and risk appetite improve further,” UniCredit S.p.A. strategist Roberto Mialich in Milan wrote in a note Friday.(Adds FX performance in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Gunmen in two separate attacks ambushed vehicles carrying paramilitary troops in southwest Pakistan, killing at least three soldiers and wounding five others before fleeing, the military said Sunday night. The first attack took place in Quetta, the capital of Baluchistan province and it killed three soldiers and wounded another, the military said in a statement. It said four soldiers were also wounded when gunmen "targeted soldiers patrolling" in the district of Turbat along the border with Iran.
Prime Minister’s secure standing expected to boost sterling
The CNN host said Fox News and other Trump supporters are putting the "cult" into "cancel culture."
When Samira Dajani’s family moved into their first real home in 1956 after years as refugees, her father planted trees in the garden, naming them for each of his six children. The Israeli rights group B’Tselem and the New York-based Human Rights Watch both pointed to such policies as an example of what they say has become an apartheid regime.
The latest decentralized finance (DeFi) protocol to suffer at the hands of a malicious actor is Rari Capital, which lost over $10 million in a weekend exploit.