News Oil 

Exclusive: Brazil’s Petrobras near deal with China’s CNPC to swap refinery investment for oil

“The Comperj deal would not be the first in which Petrobras offered oil to attract Chinese funding” writes Midwest Communications Inc for 95kqds.com. CNPC and Petrobras signed a memorandum of understanding last year to reach a strategic partnership in oil exploration and production.CNPC has already partnered with Petrobras in the Libra field of the Santos basin, one of the largest discoveries in Brazil’s prolific pre-salt oil area.The second source said talks with the Chinese intensified recently and a deal could be only a few weeks away. Source: 95kqds.com Share This:

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Polymetal swaps assets with Russian Copper Co.

“Polymetal International PLC (POLY.LN) said Monday that it will swap its Tarutin gold deposit in Russia for 85% of Russian Copper Co.’s copper-gold East Tarutin deposit in Kazakhstan” writes Maryam Cockar for marketwatch.com. Gold producer Polymetal said it will receive 85% of LLP Tarutinskoye–the license holder for the East Tarutin deposit–in exchange for transferring 100% of Vostochny Basis LLC, the license holder for the Tarutin deposit, to Russian Copper Co.Polymetal said the exchange provides synergies to both parties as it improves the logistics of the existing processing facilities.The asset swap…

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White House fears other Russia defectors in Sergei Skripal spy swap could be attacked

“The White House fears the other Russian defectors returned to the West in the Sergei Skripal spy swap will be attacked by the Kremlin” writes Charles Moore for telegraph.co.uk. Senior US administration officials said they had “massive concerns” that Russian critics living in America could be targeted after the Salisbury spy poisoning.Previously defectors involved in such public spy swaps were considered safe, given the exchange had been formally agreed by the governments involved. Source: telegraph.co.uk Share This:

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Market report: Retailers slip as analysts advise investors to swap bricks for clicks

“Embattled high street retailers endured another bout of selling after City analysts urged investors to switch from bricks to clicks” writes Jasper Reid for telegraph.co.uk. The double whammy of inflation-squeezed shoppers tightening their belts and Britain embracing the Amazonification of retail has hit the high street hard, with a growing number of well-known retailers collapsing under the strain of sinking sales.Citigroup analysts advised clients to dump UK stores in favour of their healthier European peers and sink their funds into brand names rather than struggling retailers. Source: telegraph.co.uk Share This:

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The Seychelles has struck a ‘debt-for-nature swap’ with Leonardo DiCaprio

“The Seychelles has floated a plan to deepen its marine conservation efforts in return for a groundbreaking sovereign debt deal backed by funds including the Leonardo DiCaprio Foundation” writes Jillian Ambrose for telegraph.co.uk. The actor and environmentalist is one of five investors working with The Nature Conservancy to undertake the first ever “debt for nature” swap to protect the oceans.In return for the pioneering $20m debt relief plan, the island nation this week brought into force hotly contested controls on its tourism and fishing industries to help reverse the damage to…

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8 kitchen cupboard swaps that will make you instantly healthier

“Pure porridge oats are free of added sugar and release their energy slowly, to keep you going for longer” writes Catriona Harvey-jenner for cosmopolitan.com. Pumpkin seeds are rich in minerals such as magnesium and zinc, which are vital for energy and immunity.So, like oats, it will release its energy slowly and help keep you fuller for longer. Source: cosmopolitan.com Share This:

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Deutsche Bank Ordered to Pay $70 million for Manipulation of USD Swap Rates

“The specific USD ISDAFIX rates and spreads that the bank attempted to alter are the ones issued at 11:00 a.m” reports financemagnates.com. The U.S. Dollar International Swaps and Derivatives Association Fix is a global benchmark, used in the settlement of various interest rate products, including cash settlement of options on interest rate swaps.The allegations indicate that Deutsche Bank and some of its traders intentionally attempted to manipulate the benchmark, in an effort to benefit the bank’s positions. Source: financemagnates.com Share This:

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SCARY: An AI-Powered App Is Allowing People To Create Fake Celebrity Porn

“A rather seedy trend is taking hold in certain parts of reddit at the moment revolving around a powerful new app that is allowing just about anyone to create fake celebrity porn videos” writes unknown author for huffingtonpost.com. While the videos clearly aren’t perfect, they’re still realistic enough to cause some concern over how fast this technology is developing.The tool, called FakeApp, uses an artificial intelligence-based technology called machine learning and essentially allows people to face swap the celebrities with the porn stars in the videos.  With much of this…

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