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Exclusive: Investors with $34 trillion demand urgent climate change action

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LONDON (Reuters) – Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week. FILE PHOTO: A commuter walks along Waterloo Bridge, which is being blocked by climate change activists, Read More

Pemex production decline continues despite government stimulus, output targets

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Highlights Crude output falls to 1.68 million b/d in May, still above 2019 low Gross natural gas production rises 25 MMcf/d to 4.84 Bcf/d Denver — Mexico’s state-owned producer Pemex reported a continued decline in its crude oil production last month, which was partially offset by a modest uptick in condensates, natural gas liquids and Read More

MSCI upgrades Kuwait equities to its main emerging markets index

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(Reuters) – MSCI Inc upgraded Kuwaiti equities to its main emerging markets index on Tuesday, which could trigger $2.8 billion of inflows from passive funds. MSCI, the world’s largest index provider, whose emerging-market group of indexes has about $1.8 trillion of assets tied to it, also said it will consult on the potential reclassification of Read More

Wall Street sinks as hopes fade for rate cuts, trade progress

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NEW YORK (Reuters) – Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates. FILE PHOTO: Traders work on the Read More

FedEx warns 2020 results to be hurt by trade war, shares fall 2%

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FILE PHOTO: A Federal Express truck on delivery is pictured in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake (Reuters) – Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract, sending its Read More

Latest US tariff threat would hurt US oil, gas output: API

4 hours ago DieselGasoil Comments Off on Latest US tariff threat would hurt US oil, gas output: API
Highlights US depends on China for key drilling fluid component API says US energy security at stake in trade dispute US Q1 crude flows to China shrink to 6,991 b/d Washington — The latest US tariffs threatened against Chinese imports would hamper US energy exports, hurt domestic energy security, and push China to import more Read More

Palestinians bring out flags & DONKEYS to show disdain for Trump’s Mideast conference (PHOTO, VIDEO)

4 hours ago DieselGasoil Comments Off on Palestinians bring out flags & DONKEYS to show disdain for Trump’s Mideast conference (PHOTO, VIDEO)
Palestinians in the Israeli-occupied West Bank marched and clashed with police to protest a US-brokered conference in Bahrain, where business delegations from the Middle East and beyond discuss Washington’s plan for Palestine. Thousands took to the streets to condemn the conference, which began in the city of Manama on Tuesday with a workshop dubbed ‘Peace Read More

Wall Street drops on trade worries, Fed Chair Powell’s speech

5 hours ago DieselGasoil Comments Off on Wall Street drops on trade worries, Fed Chair Powell’s speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates. FILE PHOTO: Traders work on the floor at the New York Read More

PG&E bondholders propose bankruptcy exit plan worth up to $30 billion

5 hours ago DieselGasoil Comments Off on PG&E bondholders propose bankruptcy exit plan worth up to $30 billion
SAN FRANCISCO (Reuters) – A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. FILE PHOTO: A PG&E truck carrying an American Flag drives past Read More