21 October, 2014 by The TZ Newswire Staff Comments Off on Total board to consider split of CEO/Chairman roles: Les Echos
Total board to consider split of CEO/Chairman roles: Les Echos
The board of French oil group Total (TOTF.PA) will meet on Wednesday to consider splitting the chairman and chief executive roles previously held by Christophe de Margerie, who died in a plane crash in Moscow on Monday, Les Echos newspaper reported. Former Chief Executive Thierry Desmarest, currently honorary chairman, will propose that he become non-executive chairman of Total while head of refining, Patrick Pouyanne, would become chief executive, the newspaper said on its website. If the appointments are accepted by the board at the meeting, due to start at 4:30 a.m.
21 October, 2014 by The TZ Newswire Staff Comments Off on Boeing and Chinese partner to make jet fuel from ‘gutter oil’
Boeing and Chinese partner to make jet fuel from ‘gutter oil’
Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel. Their plant, based in the southeastern Chinese city of Hangzhou, will be able to convert just under 240,000 litres a year of used cooking oil into fuel, Boeing said in a statement. The project will allow the two aircraft makers to test the viability of producing biofuel using the cheap and widely available form of cooking waste, referred to in China as “gutter oil”.
21 October, 2014 by The TZ Newswire Staff Comments Off on London Markets: FTSE 100 hugs the flat line ahead of BOE minutes
London Markets: FTSE 100 hugs the flat line ahead of BOE minutes
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21 October, 2014 by The TZ Newswire Staff Comments Off on Currencies: Dollar edges lower against yen as Nikkei pares gains
Currencies: Dollar edges lower against yen as Nikkei pares gains
The dollar was slightly lower against the yen in otherwise directionless Asia trade Wednesday, with the Nikkei Stock Average losing some of its earlier gains.
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21 October, 2014 by The TZ Newswire Staff Comments Off on Asian shares shine on U.S. tech results, ECB hopes
Asian shares shine on U.S. tech results, ECB hopes
Asian shares rose on Wednesday as upbeat results from two U.S. technology bellwethers and hopes of fresh stimulus from the European Central Bank offset concerns about the outlook for the global economy. …
21 October, 2014 by The TZ Newswire Staff Comments Off on Asian shares shine on U.S. tech results, ECB hopes
Asian shares shine on U.S. tech results, ECB hopes
Asian shares rose on Wednesday as upbeat results from two U.S. technology bellwethers and hopes of fresh stimulus from the European Central Bank offset concerns about the outlook for the global economy. …
21 October, 2014 by The TZ Newswire Staff Comments Off on Faulty airbags warning expanded to 6.1. million U.S. cars: NHTSA
Faulty airbags warning expanded to 6.1. million U.S. cars: NHTSA
The U.S. highway safety regulator, NHTSA, expanded its warning on Tuesday about faulty airbags made by Japanese auto-part maker Takata to 6.1 million vehicles in the United States. “The National Highway …