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Wall Street ends sharply higher on German stimulus optimism

12 hours ago DieselGasoil Comments Off on Wall Street ends sharply higher on German stimulus optimism
NEW YORK (Reuters) – U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, Read More

Wall Street jumps on German stimulus hopes

15 hours ago DieselGasoil Comments Off on Wall Street jumps on German stimulus hopes
NEW YORK (Reuters) – Technology shares led Wall Street’s advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Wall Street climbs at end of turbulent week

19 hours ago DieselGasoil Comments Off on Wall Street climbs at end of turbulent week
(Reuters) – Hopes of more official stimulus for the economy and the easing of a bond market rally drove a broad rise in U.S. stocks on Friday, as a bruising week for markets drew to a close. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Oil rises 2% as recession fears recede

23 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

Equinor ASA: Notifiable trading – Correction

23 hours ago DieselGasoil Comments Off on Equinor ASA: Notifiable trading – Correction
Reference is made to the stock market announcement made 26 July 2019 related to share purchase made by primary insiders in Equinor ASA (OSE: EQNR, NYSE: EQNR). The total number of shares Ørjan Kvelvane, senior vice president in Equinor ASA, holds after the transaction is corrected to 8,440. The corrected announcement for Kvelvane reads as Read More

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources

1 day ago DieselGasoil Comments Off on Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources
SINGAPORE (Reuters) – Buyout firms KKR (KKR.N), Blackstone (BX.N) and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp (MPI.PS), people with knowledge of the matter told Reuters. FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of Read More

CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case

1 day ago DieselGasoil Comments Off on CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case
FILE PHOTO: Bottles of salad dressing, made by food conglomerate Kraft Heinz, are seen on a supermarket shelf in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty Read More

Sour crude spreads trade sideways despite firm spot demand

1 day ago DieselGasoil Comments Off on Sour crude spreads trade sideways despite firm spot demand
Singapore — Benchmark Dubai crude futures spreads largely traded sideways in mid-morning hours in Asia on Friday, despite several cargoes changing hands at small premiums for the October cycle in the latter half of the week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10 am in Singapore Read More

Ackman confident portfolio can keep delivering strong returns: letter

1 day ago DieselGasoil Comments Off on Ackman confident portfolio can keep delivering strong returns: letter
FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering “high, long-term” returns 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