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Oil rises alongside equities, but downbeat OPEC outlook caps gains

5 hours ago DieselGasoil Comments Off on Oil rises alongside equities, but downbeat OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. REUTERS/Nick Oxford But oil’s gains Read More

Oil rises alongside equities, but weak OPEC outlook caps gains

8 hours ago DieselGasoil Comments Off on Oil rises alongside equities, but weak OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. REUTERS/Nick Oxford But oil’s gains Read More

British ski instructor jailed for 10 years over Australia rape

13 hours ago DieselGasoil Comments Off on British ski instructor jailed for 10 years over Australia rape
A British ski instructor who punched and bit a woman while raping her in the street after violently attacking her male friend has been jailed for 10 years. Matthew James Williams, 29, who pleaded guilty in April, committed the vicious attack in July, last year, in Jindabyne, a resort town in the Snowy Mountains around Read More

Oil rises 2% as recession fears recede

14 hours ago DieselGasoil Comments Off on Oil rises 2% as recession fears recede
MOSCOW (Reuters) – Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world’s biggest economy. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Read More

Imperiled by climate change, Pacific nations chide Australia

16 hours ago DieselGasoil Comments Off on Imperiled by climate change, Pacific nations chide Australia
FUNAFUTI, Tuvalu (Reuters) – Small Pacific islands nations at risk from rising sea levels lambasted Australia on Friday after it blocked moves at a regional forum to set down tough policies to combat climate change. FILE PHOTO: Prime Minister of Fiji and COP 23 President Frank Bainimarama speaks during the COP24 UN Climate Change Conference Read More

Sydney’s water supply falling at fastest rate on record due to drought

17 hours ago DieselGasoil Comments Off on Sydney’s water supply falling at fastest rate on record due to drought
SYDNEY (Reuters) – Australia’s biggest city Sydney is running down its water supply at the fastest rate on record with dams expected to fall below half maximum capacity due to the worst drought on record, the government said on Friday. FILE PHOTO: A woman drinks water from a water fountain during a hot day in Read More

Asia stocks take heart in stimulus speculation

20 hours ago DieselGasoil Comments Off on Asia stocks take heart in stimulus speculation
SYDNEY (Reuters) – Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China September Read More

Asia stocks nurse losses, bonds hold huge gains

23 hours ago DieselGasoil Comments Off on Asia stocks nurse losses, bonds hold huge gains
SYDNEY (Reuters) – Asian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, while talk of aggressive central bank stimulus drove bond yields to fresh lows. FILE PHOTO: An investor looks at an electronic board showing stock information at a Read More

GE shares fall on Madoff whistleblower calling its finances a fraud

1 day ago DieselGasoil Comments Off on GE shares fall on Madoff whistleblower calling its finances a fraud
(Reuters) – General Electric Co (GE.N) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE’s new CEO. Chief Executive Officer Larry Culp said Markopolos’ 175-page report contained factual errors Read More