News Oil 

Fossil-fuel giant Repsol targets net-zero emissions in strategic shift

“Spanish oil, gas and chemical company Repsol S.A. is aiming to cut emissions to net-zero by 2050 and said it would take a multibillion euro impairment charge against its oil and gas assets” writes Max Bernhard for marketwatch.com. It now “expects a gradual decarbonization of the economy, a reduction in the expectations of future oil and gas prices and the increase of expected costs for future CO2 emissions,” it said.New businesses would take on “a more ambitious objective of low carbon power generation by 2025,” the company said. Source: marketwatch.com

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China postal savings bank ties up with Ant Financial on fintech innovation

“BEIJING (Reuters) – Postal Savings Bank of China (PSBC) , the state bank with the largest branch network, said it had signed a strategic cooperation agreement with fintech giant Ant Financial on Wednesday” writes Midwest Communications Inc for 95kqds.com. The pact with the Alibaba-backed financial firm will focus on areas such as digital payments, online lending, rural finance and corporate finance, the bank said in a statement sent to Reuters. The partners will also set up a joint lab to explore fintech innovations, and extend tie-ups in areas such as…

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CBE selects EFG Hermes-Evercore alliance as advisor for United Bank’s equity stake offering

“The Central Bank of Egypt (CBE) selected EFG Hermes and Evercore alliance as the financial advisor to offering an equity stake of the state-owned United Bank to strategic investors” writes Hossam Mounir for dailynewssegypt.com. According to the CBE’s Sunday statement, they selected the duo out of five investment banks that were bidding for the role.The United Bank acquired three failing entities that were not able to withstand the laws and policies of banking reform. The CBE did approve in principle in 2017 to sell the United Bank to a strategic…

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Pull NATO nukes out of Turkey, former defense leader says

“His morning newsletter, “Jamie McIntyre’s Daily on Defense,” is free and available by email subscription at dailyondefense.com” reports washingtonexaminer.com. Jamie McIntyre is the Washington Examiner’s senior writer on defense and national security.The United States should pull its nuclear weapons out of Incirlik Air Base in Turkey, a former high ranking leader of U.S. forces in Europe said. “We have nuclear capabilities at Incirlik that no longer serve the same strategic purpose that they did in the past,” Wald . “Given the growing strain of anti-Americanism in Turkey and Erdogan’s willingness…

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News Stocks 

Masco to Sell Cabinetry Business to ACProducts for $1B

“As part of “strategic alternatives” for cabinetry and window businesses announced in March 2019, Masco Corporation MAS announced that it has entered into a definitive agreement with ACProducts, Inc. to sell Masco Cabinetry for $1 billion, which consists of $850 million in cash at closing” writes Zacks Equity Research for nasdaq.com. Our Take Shares of Masco, a Zacks Rank #4 (Sell) company, have outperformed its industry in the year-to-date period.In this regard, on Nov 7, the company announced the completion of the proposed sale of Milgard Windows and Doors to…

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Management Board and Supervisory Board of comdirect voice opinion about Commerzbank offer

“The Management Board and the Supervisory Board believe that the amount of the offer price is adequate” reports financefeeds.com. The Management Board and the Supervisory Board of comdirect bank today published their Joint Reasoned Statement on the public takeover offer made by Commerzbank to the shareholders of comdirect.The Management Board and the Supervisory Board can comprehend some of the strategic motives of the bidder.The Management Board and the Supervisory Board acknowledge that the Offer provides to short-term oriented comdirect shareholders the opportunity of a quick and safe realisation of value and recommend…

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Cleveland State University offers buyouts to long-time employees

“CLEVELAND, Ohio — Cleveland State University is offering buyouts to employees with more than 20 years experience” writes Cleveland Com for cleveland.com. It’s unclear from the statement whether layoffs will follow if enough employees don’t volunteer for the buyouts.The institution said less than 15 percent of its employees qualify for the buyouts.The university in a statement Friday said the buyouts are part of its strategic plan to provide faculty and staff “a smooth transition” to retirement or other job opportunities.Read the full statement on the CSU buyouts below: “Cleveland State…

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Pete Buttigieg masters the foreign policy debate

“When it came to the foreign policy discussion at Tuesday night’s Democratic presidential primary debate, there was only one standout candidate: Pete Buttigieg” reports washingtonexaminer.com. And it must be said that Democrats do not have as supreme a record on foreign policy as they presently wish to presume.That doesn’t mean Buttigieg has all the answers on foreign policy.America’s word matters greatly not simply for its moral essence, but for the strategic understanding that word proffers in others.Buttigieg was also right about something else, something too many on the Left and…

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Yes Bank in talks with Microsoft, other tech firms to sell up to 15% stake – Mint

“The talks began three weeks ago and could see the bank selling as much as 15% through a fresh equity issue, the newspaper reported https://bit.ly/2Mi7vk6, citing two people aware of the discussions” writes Midwest Communications Inc for 95kqds.com. The bank’s chief executive officer, Ravneet Gill, had said last week that the lender was in talks with private equity firms, strategic investors and family offices to raise additional capital.BENGALURU (Reuters) – Indian private sector lender Yes Bank is in talks with Microsoft Corp and two other technology companies as it looks…

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How to Demonstrate Your Strategic Thinking Skills

“The case of one of my coaching clients illustrates the steps you need to take to show off your strategic thinking skills” reports hbr.org. Developing your strategic thinking skills isn’t enough to get you promoted.No matter your level, you can demonstrate strategic thinking by executing an innovative project that shows that your understanding extends beyond your current function.We all know that developing strategic thinking skills is important, but many don’t realize how critical it is to your career advancement to show these skills to your boss and other senior leaders.Showing…

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