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Futures edge higher after two sessions of declines

2 hours ago DieselGasoil Comments Off on Futures edge higher after two sessions of declines
(Reuters) – U.S. stock index futures edged higher on Tuesday, looking to bounce back from two sessions of declines triggered by pessimism around global growth. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid Wall Street’s benchmark S&P 500 index has lost about Read More

Recession obsession keeps the mood subdued

3 hours ago DieselGasoil Comments Off on Recession obsession keeps the mood subdued
LONDON (Reuters) – Calm returned to global markets on Tuesday as a steadier day for Europe and Asia’s bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, Read More

Positive German data tempers equity selloff, safe havens in demand

1 day ago DieselGasoil Comments Off on Positive German data tempers equity selloff, safe havens in demand
LONDON (Reuters) – World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 22, 2019. REUTERS/Staff The Ifo Read More

China plans to invest in mature fields to boost production

1 day ago DieselGasoil Comments Off on China plans to invest in mature fields to boost production
By Aibing Guo on 3/25/2019 HONG KONG (Bloomberg) — China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging. China’s Read More

Positive German data tempers equity selloff, lifts bond yields

1 day ago DieselGasoil Comments Off on Positive German data tempers equity selloff, lifts bond yields
LONDON (Reuters) – World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 22, 2019. REUTERS/Staff The Ifo Read More

U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude

1 day ago DieselGasoil Comments Off on U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude
NEW YORK (Reuters) – U.S. sanctions on Venezuela’s oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region. FILE PHOTO: An oil pumpjack painted with the colors of the Venezuelan flag is Read More

Yen strengthens, shares skid on U.S. recession fears

2 days ago DieselGasoil Comments Off on Yen strengthens, shares skid on U.S. recession fears
SYDNEY (Reuters) – The Japanese yen hovered near a six-week high on Monday while Asian shares are expected to start lower as risk assets fell out of favor on growing worries about an impending U.S. recession, sending global bond yields plunging. A Japan Yen note is seen in this illustration photo taken June 1, 2017. Read More