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Wall St. sinks on trade jitters ahead of Powell speech

7 hours ago DieselGasoil Comments Off on Wall St. sinks on trade jitters ahead of Powell speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

GM to spend $20 million more on equipment upgrade at Arlington plant

7 hours ago DieselGasoil Comments Off on GM to spend $20 million more on equipment upgrade at Arlington plant
FILE PHOTO: A general view of the front entrance at the General Motors Assembly Plant in Arlington, Texas June 9, 2015. REUTERS/Mike Stone/File Photo (Reuters) – General Motors Co said on Tuesday it would invest an additional $20 million to upgrade equipment at the automaker’s Arlington Assembly plant in Texas, ahead of the launch of Read More

Porsche recalls 340,000 cars due to parking problem

7 hours ago DieselGasoil Comments Off on Porsche recalls 340,000 cars due to parking problem
FILE PHOTO: A Porsche logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo BERLIN (Reuters) – Volkswagen’s sports-car brand Porsche has to recall almost 340,000 Cayenne and Panamera vehicles due to problems with their automatic transmission, the German company said on Tuesday. A Porsche spokesman Read More

Gold soars to six-year high as trade, as Iran tensions mount

8 hours ago DieselGasoil Comments Off on Gold soars to six-year high as trade, as Iran tensions mount
NEW YORK (Reuters) – Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar. FILE PHOTO: Traders work on the main trading floor after the Read More

AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan

8 hours ago DieselGasoil Comments Off on AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan
(Reuters) – Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira. AbbVie has been under pressure to diversify its portfolio as Humira, the world’s best-selling drug, is already in Read More

U.S. consumer confidence at 21-month low

9 hours ago DieselGasoil Comments Off on U.S. consumer confidence at 21-month low
FILE PHOTO: People shop at an H&M store during the grand opening of the The Hudson Yards development, a residential, commercial, and retail space on Manhattan’s West side in New York City, New York, U.S., March 15, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. June consumer confidence fell more than expected, hitting its lowest level since Read More

Japan’s Suntory joins rival Coca Cola to push Vietnam on plastic recycling

9 hours ago DieselGasoil Comments Off on Japan’s Suntory joins rival Coca Cola to push Vietnam on plastic recycling
TOKYO (Reuters) – Japanese beverage giant Suntory Holdings said it would work with rival Coca-Cola as well as Nestle to push the government in Vietnam, among the biggest contributors to plastic waste in the ocean, to create a large-scale recycling system. FILE PHOTO: The logo of Suntory is seen at the Suntory Musashino Brewery in Read More

Huawei dominates global race to 5G despite pressure from Washington

9 hours ago DieselGasoil Comments Off on Huawei dominates global race to 5G despite pressure from Washington
Chinese telecom giant Huawei has secured 50 5G contracts outside the domestic market, according to the company’s senior executive Ding Yun. That’s an almost 50 percent gain from the number of contracts reported in February, the executive told a summit on Tuesday ahead of the launch of MWC19 Shanghai (the largest industry annual event in Read More

Gold soars to six-year high as trade, Iran tensions mount

10 hours ago DieselGasoil Comments Off on Gold soars to six-year high as trade, Iran tensions mount
LONDON (Reuters) – Trade anxiety and escalating tensions between the United States and Iran sent gold soaring to a six-year high on Tuesday, and saw traders dive back into safe-harbour government bonds and the yen and Swiss franc at the expense of the dollar. FILE PHOTO: The German share price index DAX graph is pictured Read More