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Asia shares edge up as stimulus hopes temper recession worries

6 hours ago DieselGasoil Comments Off on Asia shares edge up as stimulus hopes temper recession worries
TOKYO (Reuters) – Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato Read More

Humbled Deutsche Bank faces battle in its own backyard

7 hours ago DieselGasoil Comments Off on Humbled Deutsche Bank faces battle in its own backyard
FRANKFURT (Reuters) – Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender’s recovery. FILE PHOTO: The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Photo Read More

Asian shares nudge higher on stimulus hopes, recession fears ease

10 hours ago DieselGasoil Comments Off on Asian shares nudge higher on stimulus hopes, recession fears ease
TOKYO (Reuters) – Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. Read More

Saudi Aramco asks banks to pitch for roles in IPO: sources

18 hours ago DieselGasoil Comments Off on Saudi Aramco asks banks to pitch for roles in IPO: sources
DUBAI (Reuters) – Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Read More

There is a palpable sense of shame in Hong Kong

2 days ago DieselGasoil Comments Off on There is a palpable sense of shame in Hong Kong
By Diana Magnay, news correspondent, in Hong Kong Protest movements over time, just as crowds do, ebb and swell – gathering momentum only to deflate again as if heaving a collective sigh. Tuesday night at the airport by all accounts was a moment where a mob – albeit small – turns monstrous, gripped by adrenaline Read More

Standard Chartered faces fine for sanctions breaches: Sky News

3 days ago DieselGasoil Comments Off on Standard Chartered faces fine for sanctions breaches: Sky News
A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – Banking group Standard Chartered (STAN.L) is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office of Financial Sanctions Implementation, which includes police and intelligence officers Read More

US unseals warrant to seize Iranian ‘Grace 1’ tanker released in Gibraltar

3 days ago DieselGasoil Comments Off on US unseals warrant to seize Iranian ‘Grace 1’ tanker released in Gibraltar
The US has ordered the seizure of newly freed Iranian oil tanker ‘Grace 1,’ charging the ship with illegally using the US financial system to sell oil to Syria to support the IRGC after Gibraltar released the vessel. The Justice Department has unsealed a warrant ordering the seizure and forfeiture of the Iranian tanker, all Read More

Take Five: Fed in a hole

4 days ago DieselGasoil Comments Off on Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/FED IN A HOLE On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s Read More

US unseals warrant to seize Iranian Grace 1 tanker released in Gibraltar

4 days ago DieselGasoil Comments Off on US unseals warrant to seize Iranian Grace 1 tanker released in Gibraltar
The US has ordered the seizure of newly-freed Iranian oil tanker Grace 1, charging the ship with illegally using the US financial system to sell oil to Syria to support the IRGC after Gibraltar released the vessel. The Justice Department has unsealed a warrant ordering the seizure and forfeiture of the Iranian tanker, all of Read More

Hong Kong banks say threat of massive cash withdrawals by protesters won’t cause problems

4 days ago DieselGasoil Comments Off on Hong Kong banks say threat of massive cash withdrawals by protesters won’t cause problems
Banks in Hong Kong say they can cope with a sudden increase in demand for cash after reported calls by protesters to take out and convert their money to dollars in a bid to put pressure on the local authorities. After several weeks of chaos in the streets and a shutdown of the city’s airport, Read More