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Colombia's Richest Man Turns Venezuelan Oil Contract Into $500 Million GeoPark Stake
Colombia's Richest Man Turns Venezuelan Oil Contract Into $500 Million GeoPark Stake
Colombian billionaire Jaime Gilinski is positioned to take control of GeoPark Ltd., a Latin American energy producer, after converting a Venezuelan oil agreement secured at almost no upfront cost into an equity stake initially valued at more than $500 million, according to Bloomberg.
The transaction illustrates the competition for Venezuelan assets following Nicolás Maduro’s removal in January and Washington’s subsequent relaxation of energy sanctions. Investors with government connections are moving quickly into a country whose enormous oil reserves have...
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Apr 22, 2026 / Tyler Durden
SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
Perhaps indicative of the fragility of the current rebound - as Software stocks have recently ripped higher for 8 straight days - SaaS stocks are all deeply in the red after-hours as ServiceNow - the potential poster-child for AI disruption - cut its margin outlook amid lackluster results, sending shares reeling.
At first glance, it was a good print - the provider of business task management software posted first-quarter adjusted earnings of 97 cents a share, which was in-line with Wall Street...
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Sep 10, 2026 / Tyler Durden
Zelensky's Plane 'Almost Hit' By Drone After Take-Off From Moldova
Zelensky's Plane 'Almost Hit' By Drone After Take-Off From Moldova
Norwegian Prime Minister Jonas Gahr Store has said that the Ukrainian government plane carrying President President Volodymyr Zelensky nearly struck an unidentified drone on Wednesday.
Zelensky is in Oslo where he held talks with Store, chiefly focused on Norwegian assistance in the fight against Russia, and specifically about advancing a European anti-ballistic system. Zelensky also attended King Harald V of Norway's funeral, for which heads of state from around the world were present.
President Of Ukraine/Flickr
But the Norwegian PM describes that immediately after...
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Aug 21, 2026 / Tyler Durden
Intervening Oneself Out Of Quagmire?
Intervening Oneself Out Of Quagmire?
By Elwin de Groot, head of macro strategy at Rabobank
Intervening Oneself Out Of Quagmire?
Yesterday’s market moves again showed that jawboning and temporary interventions are rarely enough when the underlying problem is fundamental.
As a “thank you” for Trump’s last-minute intervention to reduce joint US-South Korean military drills – and his claim to have spoken with Kim Jong Un – Pyongyang launched around 10 ballistic missiles on Thursday, according to South Korean news agencies. The message was clear: action versus words. Developments in the Middle East, where...
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