newszine

Oil steadies below $53, little changed a week after OPEC+ cuts

3 hours ago DieselGasoil Comments Off on Oil steadies below $53, little changed a week after OPEC+ cuts
By Grant Smith and Sharon Cho on 12/14/2018 LONDON and SINGAPORE (Bloomberg) — Oil traded below $53/bbl in New York, little changed a week after OPEC and its allies announced substantial output cuts, as traders weighed an uncertain outlook for 2019.  Saudi Arabia’s plan to slash exports to the U.S. next month is shoring up Read More

Weak economic data send world stocks tumbling

4 hours ago DieselGasoil Comments Off on Weak economic data send world stocks tumbling
LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Read More

Washington’s Africa Strategy: ‘Our investments – good & fair, Chinese and Russian – bad & predatory’

4 hours ago DieselGasoil Comments Off on Washington’s Africa Strategy: ‘Our investments – good & fair, Chinese and Russian – bad & predatory’
When the US lends money to African nations or invests into the continent, everything is fair and beneficial to all sides, but when other nations do so, it is practically colonialism 2.0, Washington’s new Africa Strategy says. US President Donald Trump’s National Security Advisor, John Bolton blasted Beijing and Moscow for pursuing “predatory practices” in Africa which “stunt Read More

World stocks tumble on weak economic data from China and Europe

7 hours ago DieselGasoil Comments Off on World stocks tumble on weak economic data from China and Europe
LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Read More

Exclusive: China Development Bank supervising HNA asset sales – sources

8 hours ago DieselGasoil Comments Off on Exclusive: China Development Bank supervising HNA asset sales – sources
HONG KONG/BEIJING (Reuters) – China Development Bank (CDB) is leading a team to supervise HNA Group’s asset disposals as the heavily indebted conglomerate scales back operations to a point that will leave it holding only core assets, people familiar with the situation said. FILE PHOTO: A Chinese flag (C) flutters at the headquarters of China Read More

Tormented into a guilty plea? Experts denounce US ‘miscarriage of justice’ in Butina case

13 hours ago DieselGasoil Comments Off on Tormented into a guilty plea? Experts denounce US ‘miscarriage of justice’ in Butina case
Maria Butina’s only crime is that she is Russian, legal analysts told RT, attacking the US justice system for keeping her in solitary confinement until she admitted guilt to at least one of the many charges brought against her. “This is an utter and total miscarriage of justice,” retired CIA agent and whistleblower John Kiriakou Read More

Oil prices edge up on hopes global supplies will tighten

15 hours ago DieselGasoil Comments Off on Oil prices edge up on hopes global supplies will tighten
NEW YORK (Reuters) – Oil prices climbed more than 2 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought. Pumpjacks are seen against the setting sun at the Daqing oil field Read More

Costco margin dip overshadows sales beat, shares slide

17 hours ago DieselGasoil Comments Off on Costco margin dip overshadows sales beat, shares slide
(Reuters) – Costco Wholesale Corp’s (COST.O) gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry. Shopping carts are seen at a Costco Wholesale store in Glenview, Illinois, U.S. May 24, 2016. REUTERS/Jim young/File Read More

Instacart to close Whole Foods delivery operation next year

21 hours ago DieselGasoil Comments Off on Instacart to close Whole Foods delivery operation next year
(Reuters) – Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc (AMZN.O) acquired the upmarket grocer last year. Apoorva Mehta of Instacart speaks during 2016 TechCrunch Disrupt in San Francisco, California, U.S. September 14, 2016. REUTERS/Beck Diefenbach Amazon’s $13.7 Read More

U.S. confirms China soybean sale, but size disappoints

22 hours ago DieselGasoil Comments Off on U.S. confirms China soybean sale, but size disappoints
CHICAGO (Reuters) – China’s meager first purchase of U.S. soybeans since its trade war with the United States began in July disappointed farmers, grain traders and a U.S. government official hoping for larger sales to lift slumping prices and absorb a huge surplus across the U.S. farm belt, they said on Thursday. FILE PHOTO: Soybeans Read More