newszine

Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

6 hours ago DieselGasoil Comments Off on Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact
BRASILIA (Reuters) – Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate. FILE PHOTO: An aerial view of a tract of Amazon jungle recently cleared by loggers and Read More

Amazon.com defeats IRS appeal in U.S. tax dispute

14 hours ago DieselGasoil Comments Off on Amazon.com defeats IRS appeal in U.S. tax dispute
(Reuters) – Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary. FILE PHOTO: An Amazon package is seen after being delivered in London, Britain February 29, 2016. REUTERS/Toby Melville/Files In Read More

Wall Street climbs at end of turbulent week

19 hours ago DieselGasoil Comments Off on Wall Street climbs at end of turbulent week
(Reuters) – Hopes of more official stimulus for the economy and the easing of a bond market rally drove a broad rise in U.S. stocks on Friday, as a bruising week for markets drew to a close. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Wall Street set to bounce after turbulent week

20 hours ago DieselGasoil Comments Off on Wall Street set to bounce after turbulent week
(Reuters) – Hopes of more official stimulus for the economy and the easing of a bond market rally put Wall Street on track to open sharply higher on Friday, as a bruising week for markets drew to a close. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

Futures climb on stimulus hopes, Nvidia results

21 hours ago DieselGasoil Comments Off on Futures climb on stimulus hopes, Nvidia results
(Reuters) – U.S. stock index futures rose 1% on Friday, as hopes of more stimulus from central banks helped lift some gloom in what has been a turbulent week for markets. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz The Read More

Norway stops Amazon fund contribution in dispute with Brazil

1 day ago DieselGasoil Comments Off on Norway stops Amazon fund contribution in dispute with Brazil
OSLO (Reuters) – Norway has suspended donations supporting projects to curb deforestation in Brazil after the country’s right-wing government blocked operations of a fund receiving the aid, the Norwegian ministry of climate and environment said on Thursday. Norway has worked closely with Brazil to protect the Amazon rainforest for more than a decade and has Read More

Strong U.S. retail sales ease gloom over economy

2 days ago DieselGasoil Comments Off on Strong U.S. retail sales ease gloom over economy
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage financial market fears that the economy was heading into recession. FILE PHOTO: Clothes are seen on display inside the Barneys New York the luxury department store in Read More

UPS buys stake in TuSimple, testing self-driving trucks in Arizona

2 days ago DieselGasoil Comments Off on UPS buys stake in TuSimple, testing self-driving trucks in Arizona
DETROIT (Reuters) – UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world’s largest package delivery company has been testing the startup’s autonomous trucks since May on a busy freight route in Arizona. FILE PHOTO: The logo of United Parcel Service is seen at the new package sorting Read More

Surge in U.S. retail sales underscores economy’s resilience

2 days ago DieselGasoil Comments Off on Surge in U.S. retail sales underscores economy’s resilience
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial markets’ fears that the economy was heading into recession. FILE PHOTO: People tour The Shops during the grand opening of The Hudson Yards development, Read More

Buffett’s Berkshire boosts Amazon.com bet, attracts Ackman

2 days ago DieselGasoil Comments Off on Buffett’s Berkshire boosts Amazon.com bet, attracts Ackman
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Wednesday said it boosted its stake in Amazon.com Inc (AMZN.O) by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the Read More