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Oil firms as U.S. supply concerns ease but Iran tension lingers

3 hours ago DieselGasoil Comments Off on Oil firms as U.S. supply concerns ease but Iran tension lingers
LONDON (Reuters) – Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Johnson & Johnson quarterly profit jumps 41.8%

3 hours ago DieselGasoil Comments Off on Johnson & Johnson quarterly profit jumps 41.8%
The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid (Reuters) – Johnson & Johnson (JNJ.N) reported a 41.8% rise in second-quarter profit on Tuesday, helped by its pharmaceuticals business. The diversified healthcare company, the first Read More

Oil steadies as U.S. supply concerns ease, Iran tension unresolved

4 hours ago DieselGasoil Comments Off on Oil steadies as U.S. supply concerns ease, Iran tension unresolved
LONDON (Reuters) – Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Husqvarna cools on 2019 margin after chill dents lawn mower demand

4 hours ago DieselGasoil Comments Off on Husqvarna cools on 2019 margin after chill dents lawn mower demand
STOCKHOLM (Reuters) – Husqvarna (HUSQb.ST), the world’s biggest maker of garden power tools such as robotic lawn mowers, blamed cold weather for a fall in second-quarter sales and said the dip in demand meant it would probably not achieve its margin target this year. FILE PHOTO: A sign alerts visitors about a presence of Husqvarna Read More

US judge slashes Monsanto cancer victim’s payout by $55 million

4 hours ago DieselGasoil Comments Off on US judge slashes Monsanto cancer victim’s payout by $55 million
A US federal judge has reduced the $80 million punitive damages award a jury ordered Monsanto to pay to California cancer victim to $25 million. Judge Vince Chhabria said he was required to diminish the punitive damages because it went beyond constitutional limits set by the US Supreme Court. According to him, the higher award Read More

India to push Japan out of world’s top 3 economies by 2025

4 hours ago DieselGasoil Comments Off on India to push Japan out of world’s top 3 economies by 2025
India is projected to outpace the UK by the end of the year to become one of the world’s top five economies. It will then take it just six more years to overtake Japan as the world’s third largest economy, a new study suggests. India’s gross domestic product (GDP) is expected to reach $5.9 trillion Read More

Ryanair halves 2020 growth plans on Boeing MAX delays

4 hours ago DieselGasoil Comments Off on Ryanair halves 2020 growth plans on Boeing MAX delays
(Reuters) – Ryanair (RYA.I) has slashed its growth plans for next summer, blaming delays in deliveries of Boeing’s (BA.N) grounded 737 MAX jet, lifting the shares of rival airlines which had feared a surge in new planes would hit ticket prices. FILE PHOTO: Ryanair logo is pictured on the the jacket of a cabin crew Read More

South Korea bourse fines BofA Merrill Lynch over irregular trading

5 hours ago DieselGasoil Comments Off on South Korea bourse fines BofA Merrill Lynch over irregular trading
FILE PHOTO: A journalist walks past an electronic board of the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – The Korea Exchange (KRX) said on Tuesday it has imposed a 175 million won ($148,655) fine on Bank of America Read More

U.S. property trust Vornado challenges Arcadia’s restructuring plan

5 hours ago DieselGasoil Comments Off on U.S. property trust Vornado challenges Arcadia’s restructuring plan
FILE PHOTO: CEO of Arcadia Group Ian Grabiner arrives at County Hall in central London, Britain June 5, 2019. REUTERS/Henry Nicholls/File Photo (Reuters) – Philip Green’s fashion empire Arcadia Group on Tuesday said it received applications from legal entities of U.S.-based property group Vornado (VNO.N) challenging two of its seven planned Company Voluntary Agreements (CVAs). Read More

China says Trump ‘misleading’ people linking trade deal, slowing economy

5 hours ago DieselGasoil Comments Off on China says Trump ‘misleading’ people linking trade deal, slowing economy
BEIJING (Reuters) – China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United States because its economy was slowing, saying this was “totally misleading” and that both countries wanted an agreement. FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Read More