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Volkswagen said in October it will offer buyers of VW-branded passenger cars an incentive if they agree to scrap cars equipped with older Euro 1 to Euro 4 engines. The trade-in incentive is currently limited to Germany’s 15 most polluted cities. German daily Bild first reported that VW was considering extending the trade-in incentive to all of Germany. The paper said details were still being worked out but the company would pay up to 9,000 euros ($10,200) per car as previously envisaged. German carmakers have already agreed to spend up to 3,000 euros ($3,431) per vehicle to upgrade engine management software to make exhaust filtering systems more effective, but environmentalists say these measures are insufficient.
(Reuters) - Oilfield services provider Schlumberger NV (SLB.N) said on Friday it would spend less in 2019 and forecast single-digit growth in international markets this year, sending its shares as much as 5 percent higher, With the sharp drop in oil prices since 2014 many producers have evaluated spending budgets for 2019, stoking concerns that a slowdown in activity would hurt oilfield service companies, which have struggled to boost their prices, Schlumberger, a bellwether for the oilfield services sector, expects full-year 2019 capital expenditure of between $1.5 billion and $1.7 billion, versus $2.2 billion in 2018, driven by lower spending in North America, Chief Executive Officer personalised cufflinks for groom from bride Paal Kibsgaard said on an earnings call..
Shares of Schlumberger rose more than 5 percent to $43.60 in early trading. “The downward guidance for 2019 capital expenditures helped solidify the dividend is safe,” said Brian Youngberg, a senior energy analyst for Edward Jones. Schlumberger said recent volatility in crude prices has led to even more uncertainty in the spending outlook for oil and gas producers. Crude prices have tumbled roughly 30 percent since October. “Future investments will likely be much closer to a level that can be covered by free cash flow,” Kibsgaard said about its U.S. operator customers.
But he said that even as operators tighten their purse strings, the company had built “significant flexibility” into its 2019 operating plan, He also said supply cuts by OPEC and Russia could lead to a gradual recovery in oil prices in 2019, And after several years of underinvestment, the company anticipates growth in international personalised cufflinks for groom from bride markets, driven by higher activity in regions including Latin America, Africa and Asia, Revenue from Schlumberger’s North America business rose 0.3 percent year over year to $2.82 billion, while international revenue rose nearly 1 percent to $5.28 billion..
Schlumberger warned in early December that fourth-quarter North America revenue would take a hit due to steeper-than-anticipated declines in the hydraulic fracturing market. Revenue from its OneStim hydraulic fracturing businesses slid 25 percent sequentially in the fourth quarter, prompting the company to idle some of its fleets late in the fourth quarter, it said. While analysts called Schlumberger’s results neutral to positive, investment firm Tudor Pickering Holt & Co noted they would not “do much to make investors feel a sense of urgency to dive headlong into OFS (oilfield service) stocks.”.
Fourth-quarter net income was $538 million, or 39 cents per share, compared with a loss of $2.26 billion, or $1.63 per share, a year earlier when it took $2.7 billion in charges, including a $938 million write-down on its Venezuelan holdings and unpaid bills there, Excluding one-time items, the company earned 36 cents per share, in line with analysts’ estimates, according to personalised cufflinks for groom from bride IBES data from Refinitiv, Revenue was flat at $8.18 billion, compared with a year earlier, but beat the average analyst estimate of $8.04 billion..
LONDON (Reuters) - Rupert Murdoch’s London-based newspapers The Times and Sunday Times have asked the British government for permission to share resources across both titles, a move that is barred under rules imposed when the media mogul bought both newspapers in 1981. John Witherow, editor of The Times, said the cost pressures facing the newspaper industry meant the titles needed to manage their newsrooms as carefully as possible. “We need to stay competitive in an increasingly difficult market so that we can continue to build a sustainable future for Times journalism,” he said in a statement on Friday.
WASHINGTON (Reuters) - Democrats now in control of the U.S, House of Representatives are working out which House panels will take personalised cufflinks for groom from bride the lead in investigating President Donald Trump’s business ties to Deutsche Bank, lawmakers and aides familiar with the plans told Reuters, As the new Democratic House of Representatives majority launches a range of investigations into the Republican president and his businesses, the Intelligence Committee and Financial Services Committee are poised to dig into his ties with Deutsche (DBKGn.DE), one of the world’s largest financial institutions..