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400 holidaymakers evacuated as tourist ferry STRIKES ROCKS en route from Ibiza

5 hours ago DieselGasoil Comments Off on 400 holidaymakers evacuated as tourist ferry STRIKES ROCKS en route from Ibiza
A Spanish ferry packed with hundreds of tourists and their cars has run aground on her way from Ibiza and Majorca, setting off a dramatic rescue effort throughout the night by coast guard and other emergency services. Pinar del Rio, a fast ferry operated by Balearia, ran aground near Benidorm in southeastern Spain, the company Read More

Stocks rattled, oil sinks as bond markets scream recession

2 days ago DieselGasoil Comments Off on Stocks rattled, oil sinks as bond markets scream recession
TOKYO/SYDNEY (Reuters) – Asian stocks stumbled and oil prices extended a punishing sell-off on Thursday as investors feared an historic drop in long-term U.S. bond yields could portend a recession globally. FILE PHOTO: A man uses a mobile phone in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, Read More

Global stocks spooked, oil sinks as bond markets scream recession

2 days ago DieselGasoil Comments Off on Global stocks spooked, oil sinks as bond markets scream recession
TOKYO (Reuters) – Asian stocks slid and oil prices extended a punishing sell-off on Thursday as investors feared an historic drop in long-term U.S. bond yields could prove a herald of recession globally. FILE PHOTO: A man uses a mobile phone in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Read More

US stocks crash after bond market flashes strong recession warning

3 days ago DieselGasoil Comments Off on US stocks crash after bond market flashes strong recession warning
US markets opened in the red on Wednesday, with the Dow Jones Industrial Average losing more than 400 points, after the US bond market sparked new fears about a looming recession. After Tuesday’s gains on the decision to postpone tariffs on Chinese imports, US stocks saw another huge selloff. The Dow was down around 1.5 Read More

ViacomCBS is just the beginning of Shari Redstone’s media deals

4 days ago DieselGasoil Comments Off on ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo Read More

Oil soars near 5% as U.S. delays tariffs on some Chinese goods

4 days ago DieselGasoil Comments Off on Oil soars near 5% as U.S. delays tariffs on some Chinese goods
NEW YORK (Reuters) – Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months. FILE PHOTO: A view of an oil refinery Read More

AMS sparks bidding war for Osram, shines spotlight on auto business

5 days ago DieselGasoil Comments Off on AMS sparks bidding war for Osram, shines spotlight on auto business
VIENNA (Reuters) – Shares in Osram (OSRn.DE) jumped after Austrian sensor maker AMS (AMS.S) triggered a bidding war for the German lighting group, saying it was ready to trump Bain and Carlyle (CG.O) with a cash offer valuing the company at 4.3 billion euros ($4.8 billion). FILE PHOTO: Logo of lamp manufacturer Osram is pictured Read More

Wall Street ends down amid more trade woes, high volatility

1 week ago DieselGasoil Comments Off on Wall Street ends down amid more trade woes, high volatility
NEW YORK (Reuters) – U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume. President Donald Trump said the United States and China were pursuing trade talks but he was not ready to make a deal, fanning fears over the Read More

Wall Street end down amid more trade woes, high volatility

1 week ago DieselGasoil Comments Off on Wall Street end down amid more trade woes, high volatility
NEW YORK (Reuters) – U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 9, 2019. REUTERS/Brendan McDermid President Donald Trump said the Read More