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By undermining Russia's use of dollar US 'shooting itself not in the foot but a bit higher' – Putin

2 months ago DieselGasoil Comments Off on By undermining Russia's use of dollar US 'shooting itself not in the foot but a bit higher' – Putin
Russia is moving away from the US dollar, but not to the detriment of its own interests, Russian President Vladimir Putin said while speaking at the global investment forum in Moscow on Wednesday. The Russian president called on the United States to abandon the policy of unilateral sanctions and seek common ground. “We are not Read More

Argentina wants Russian-built nuclear power plants

2 months ago DieselGasoil Comments Off on Argentina wants Russian-built nuclear power plants
An agreement on strategic partnership in the nuclear power generation sphere is to be signed by Moscow and Buenos Aires during Russian President Vladimir Putin’s visit to the South American country. It will envisage “the possible construction of a major NPP (nuclear power plant), designed by Russia,” according to Russia’s ambassador to Buenos Aires Dmitry Read More

U.S. third-quarter growth unrevised; headwinds increasing

2 months ago DieselGasoil Comments Off on U.S. third-quarter growth unrevised; headwinds increasing
WASHINGTON (Reuters) – The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears to have moderated further early in the fourth quarter. FILE PHOTO: Crews load and unload Read More

Putin: US-China trade war offers great opportunities for Russia

2 months ago DieselGasoil Comments Off on Putin: US-China trade war offers great opportunities for Russia
The escalating trade friction between the United States and China is opening the door for Russian producers to enter the Chinese market, Russian President Vladimir Putin said at the global investment forum in Moscow on Wednesday. “According to WTO estimates, the mutual restrictions recently imposed by G20 countries reduced global trade by almost $500 billion. Read More

Detroit Three narrowing car production in North America

2 months ago DieselGasoil Comments Off on Detroit Three narrowing car production in North America
(Reuters) – General Motors Co and fellow Detroit automakers Ford Motor Co and Fiat Chrysler Automobiles NV continue to winnow production of cars in North America as demand for traditional sedans wanes. GM announced on Monday it will halt production at three North American assembly plants and slash thousands of jobs. After 2019, the remaining Read More

Bitcoin up 10 percent, on course for its biggest daily rise since April

2 months ago DieselGasoil Comments Off on Bitcoin up 10 percent, on course for its biggest daily rise since April
Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – Bitcoin rallied 10 percent on Wednesday to more than $4,100, putting it on course for its biggest daily rise since mid-April as it pulled itself out of a recent slump. The Read More

Those pulling dollar out of Russia not just shooting themselves in foot, but a bit higher – Putin

2 months ago DieselGasoil Comments Off on Those pulling dollar out of Russia not just shooting themselves in foot, but a bit higher – Putin
Russia is moving away from the US dollar, but not to the detriment of its own interests, Russian President Vladimir Putin said while speaking at the global investment forum in Moscow on Wednesday. The Russian president called on the United States to abandon the policy of unilateral sanctions and seek common ground. “We are not Read More

Tiffany misses sales estimates on weak spending by Chinese tourists

2 months ago DieselGasoil Comments Off on Tiffany misses sales estimates on weak spending by Chinese tourists
A Tiffany & Co. logo on a mug is pictured in Pasadena, California, U.S., November 28, 2017. REUTERS/Mario Anzuoni (Reuters) – Tiffany & Co (TIF.N) missed estimates for quarterly same-store sales on Wednesday, blaming lower-than-expected spending by mainland Chinese tourists at its U.S. and Hong Kong stores. The company’s shares fell 5.7 percent to $99 Read More