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Boeing opens first 737 plant in China amid U.S.-Sino trade war

3 hours ago DieselGasoil Comments Off on Boeing opens first 737 plant in China amid U.S.-Sino trade war
ZHOUSHAN, China (Reuters) – Boeing Co (BA.N) opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus (AIR.PA) in one of the world’s top travel markets that has been overshadowed by the U.S-China trade war. FILE PHOTO: A Boeing logo is pictured during Read More

Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal – sources

10 hours ago DieselGasoil Comments Off on Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal – sources
WASHINGTON/NEW YORK (Reuters) – T-Mobile US Inc and Sprint Corp believe their foreign owners’ offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company. FILE PHOTO: People walk past a Read More

Small-cap S&P 600 index confirms bear market

12 hours ago DieselGasoil Comments Off on Small-cap S&P 600 index confirms bear market
NEW YORK (Reuters) – As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December Read More

U.S. consumer spending strengthening in boost to economy

18 hours ago DieselGasoil Comments Off on U.S. consumer spending strengthening in boost to economy
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken. FILE PHOTO: Durable goods are seen on sale in a store in Los Read More

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

22 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

Smog and a hard place: China regions caught between economic woes and pollution war

1 day ago DieselGasoil Comments Off on Smog and a hard place: China regions caught between economic woes and pollution war
BEIJING/SHANGHAI (Reuters) – Amid a slowing economy and a slew of mixed signals from the environment ministry, China’s embattled local governments are facing a dilemma: do they go all out to curb smog this winter, or do their best to keep factories humming? FILE PHOTO: Chinese national flags are flying near a steel factory in Read More

Trading `God' says shale has oil prophets groping in dark

2 days ago DieselGasoil Comments Off on Trading `God' says shale has oil prophets groping in dark
By Alex Nussbaum and Alix Steel on 12/13/2018 NEW YORK (Bloomberg) — Andy Hall, the oil trader nicknamed “God” for his lucrative calls on crude, says the U.S. shale boom has made it far harder to predict global supplies. That’s because shale producers are a lot more responsive to price swings than traditional explorers, but Read More

Starbucks partners with UberEats for delivery in U.S., to double China stores

2 days ago DieselGasoil Comments Off on Starbucks partners with UberEats for delivery in U.S., to double China stores
FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California, United States, October 27, 2015. REUTERS/Lucy Nicholson/File Photo (Reuters) – Starbucks Corp (SBUX.O) said on Thursday it is partnering with UberEats to deliver food and coffee from nearly a quarter of its restaurants in the U.S. Read More

UK's Nissan Brexit letter still too confidential to release two years on: FOI

2 days ago DieselGasoil Comments Off on UK's Nissan Brexit letter still too confidential to release two years on: FOI
LONDON (Reuters) – A British government letter to Nissan two years ago offering reassurances about Brexit, which helped secure a major investment from the Japanese carmaker, is still considered too sensitive to release, a Reuters freedom of information request revealed. FILE PHOTO: Nissan logo is seen at Nissan Motor Co’s global headquarters building in Yokohama, Read More