Business

S&P, Dow open at record highs on tax-cut optimism

28 mins ago DieselGasoil Comments Off on S&P, Dow open at record highs on tax-cut optimism
(Reuters) – Wall Street opened higher on Friday, with the S&P and the Dow recording new highs, on growth optimism as the Trump administration inched a step closer to implementing its tax-cut plan. FILE PHOTO: The New York Stock Exchange (NYSE) is pictured in New York City, New York, U.S., August 2, 2017. REUTERS/Carlo Allegri/File Read More

Rest in peace: Australian auto industry dies at 69

58 mins ago DieselGasoil Comments Off on Rest in peace: Australian auto industry dies at 69
Published time: 20 Oct, 2017 13:08 Australia’s car industry officially ended on Friday as Holden, a unit of US carmaker General Motors, closed its plant in South Australia. The closure comes a year after the exodus of Toyota and Ford. “The end of Holden making cars in Australia is a very sad day for the Read More

Schlumberger, Baker Hughes warn of North America slowdown

1 hour ago DieselGasoil Comments Off on Schlumberger, Baker Hughes warn of North America slowdown
(Reuters) – Schlumberger Ltd (SLB.N) and Baker Hughes (BHGE.N), the world’s top two oilfield services firms, warned on Friday of a slowdown in North America and a challenging year ahead as crude oil prices stay volatile. FILE PHOTO: The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of Houston January Read More

Trump tax reform hopes boost dollar, stocks, bond yields

1 hour ago DieselGasoil Comments Off on Trump tax reform hopes boost dollar, stocks, bond yields
LONDON (Reuters) – European stocks, the Dollar and bond yields climbed on Friday as Investors speculated that the “Trumpflation trade” could be back in play, after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Read More

GE stock drops as profit misses, CEO cuts forecast

2 hours ago DieselGasoil Comments Off on GE stock drops as profit misses, CEO cuts forecast
(Reuters) – General Electric Co’s (GE.N) third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year’s worst-performing Dow stock down another 6 percent. FILE PHOTO: The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Read More

Schlumberger warns of moderating North American activity

2 hours ago DieselGasoil Comments Off on Schlumberger warns of moderating North American activity
(Reuters) – Schlumberger Ltd (SLB.N) posted a bigger quarterly profit on Friday as its North American business continues to be helped by strong shale drilling, but the oilfield services giant said that investments in the region was moderating. FILE PHOTO: The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of Read More

GE's quarterly revenue rises 14.4 percent

3 hours ago DieselGasoil Comments Off on GE's quarterly revenue rises 14.4 percent
(Reuters) – General Electric Co (GE.N) on Friday reported a 14.4 percent rise in revenue, aided by the acquisition of oilfield services provider Baker Hughes (BHGE.N), but profit fell in the quarter. FILE PHOTO: The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, Read More

Schlumberger quarterly profit up on North America drilling

3 hours ago DieselGasoil Comments Off on Schlumberger quarterly profit up on North America drilling
(Reuters) – Schlumberger Ltd (SLB.N) posted a bigger quarterly profit on Friday, as its North American business continues to be helped by strong shale drilling. FILE PHOTO: The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of Houston January 16, 2015. REUTERS/Richard Carson/File Photo Net profit attributable to the Houston-based Read More

Worst stock market crash ever seen is coming – Max Keiser on Black Monday’s 30th anniversary

3 hours ago DieselGasoil Comments Off on Worst stock market crash ever seen is coming – Max Keiser on Black Monday’s 30th anniversary
RT Exclusive Published time: 20 Oct, 2017 09:47 Edited time: 20 Oct, 2017 10:44 Thirty years ago Wall Street slid into the abyss, suffering the biggest one-day market fall of over 22 percent. Since then the Dow Jones has risen from 1,738 points to an all-time high of over 23,000, raising fears another historic crash Read More

Russian Federation's Nord Stream 2 pipeline sparks fierce war of words from Warsaw

3 hours ago DieselGasoil Comments Off on Russian Federation's Nord Stream 2 pipeline sparks fierce war of words from Warsaw
Published time: 20 Oct, 2017 10:01 Officials from Poland have again spoken out against the expansion of the Nord Stream natural gas pipeline from Russian Federation to Germany. At the EU summit, Polish Prime Minister Beata Szydlo described the Nord Stream 2 pipeline as a threat to European energy security. She raised the question even Read More