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Wall Street ends sharply higher on German stimulus optimism

11 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

Dollar firms, global stocks soar on ECB rate cut expectations

11 hours ago DieselGasoil Comments Off on Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the Read More

Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US

12 hours ago DieselGasoil Comments Off on Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US
Word that US President Donald Trump is pushing for a sale of F-16 fighters to Taiwan worth $8 billion is unlikely to help a ‘deal’ with China, as Beijing’s already blaming Washington for the Hong Kong protests and the tariff war. The proposed sale of 66 modernized jet fighters is still a rumor, as no Read More

Yields rise on German fiscal stimulus hopes

12 hours ago DieselGasoil Comments Off on Yields rise on German fiscal stimulus hopes
NEW YORK (Reuters) – Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt. FILE PHOTO: A sign marks the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder Government Read More

Wall Street jumps on German stimulus hopes

13 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

Dollar firms, stocks soar on ECB rate cut expectations

15 hours ago DieselGasoil Comments Off on Dollar firms, stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption. Benchmark U.S. Treasury yields rose from three-year lows but government bond yields Read More

Over a barrel: Trump’s oil sanctions make Russian crude exporters $1 billion richer

20 hours ago DieselGasoil Comments Off on Over a barrel: Trump’s oil sanctions make Russian crude exporters $1 billion richer
US economic pressure on Iran and Venezuela has deprived world oil markets of two large exporters. However, this gap has been filled by Russian supplies, earning its oil firms at least $905 million in cash, according to Bloomberg. The demand for Russian crude has also been boosted by the output cuts imposed by the Organization Read More

Sundance Energy Australia Limited Reports Second Quarter 2019 Financial and Operational Results

1 day ago DieselGasoil Comments Off on Sundance Energy Australia Limited Reports Second Quarter 2019 Financial and Operational Results
DENVER, Aug. 15, 2019 (GLOBE NEWSWIRE) — Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, reported its second quarter 2019 financial and operations results today. Second Quarter 2019 Financial Results Highlights Second quarter Read More

Oxy sees greater value from Permian Basin, US Gulf post-Anadarko acquisition

3 days ago DieselGasoil Comments Off on Oxy sees greater value from Permian Basin, US Gulf post-Anadarko acquisition
Highlights Gulf of Mexico seen as ‘a keeper’: CFO Mum on which, if any, Gulf assets may be sold Already working on integration, plans for Gulf operation Denver — A major aim of Occidental Petroleum’s $57 billion acquisition of Anadarko Petroleum last week is continuing to push efficiencies and value per produced barrel across a Read More