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Asian shares slip; German, Korean data hurt risk appetite

6 hours ago DieselGasoil Comments Off on Asian shares slip; German, Korean data hurt risk appetite
TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a Read More

Asian shares dip; euro weighed by sagging German business morale

8 hours ago DieselGasoil Comments Off on Asian shares dip; euro weighed by sagging German business morale
TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Read More

Euro falls on weak German business morale, stocks slip

18 hours ago DieselGasoil Comments Off on Euro falls on weak German business morale, stocks slip
NEW YORK (Reuters) – The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany stoked fears of slowing global growth and weighed on a gauge of world equity markets. FILE PHOTO: The German Central Bank (Bundesbank) presents the new 50 euro banknote at its headquarters Read More

Trump’s Iran decision could kill the OPEC+ deal

1 day ago DieselGasoil Comments Off on Trump’s Iran decision could kill the OPEC+ deal
Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts. The Wall Street Journal reported that the Trump administration’s decision to let waivers expire “surprised buyers and others who had been told by State Department officials in recent weeks to expect Read More

Asian shares fall despite strong Wall Street; oil retreats

1 day ago DieselGasoil Comments Off on Asian shares fall despite strong Wall Street; oil retreats
SHANGHAI (Reuters) – Equity markets in Asia faltered on Wednesday amid losses in South Korea and uncertainty over China’s plans for further stimulus as the economy shows signs of regaining its footing. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, Read More

Asian shares fall despite strong Wall Street; dollar near 22-month high

1 day ago DieselGasoil Comments Off on Asian shares fall despite strong Wall Street; dollar near 22-month high
SHANGHAI (Reuters) – Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy shows signs of regaining its footing. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Read More

Trump’s hardline on Iran catches oil markets off-guard

2 days ago DieselGasoil Comments Off on Trump’s hardline on Iran catches oil markets off-guard
Oil prices spiked on the back of news that the Trump administration would not extend the Iran sanction waivers, a decision that will likely increase oil market volatility. The Washington Post reported on Sunday that the State Department was set to announce a decision against extensions on waivers after the initial six-month period expires. Secretary of State Read More

Model S fire video adds to Tesla woes pre-results

3 days ago DieselGasoil Comments Off on Model S fire video adds to Tesla woes pre-results
SHANGHAI (Reuters) – Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker’s stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter. FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day Read More

Oil jumps on U.S. plans to tighten Iran sanctions, dollar eases

3 days ago DieselGasoil Comments Off on Oil jumps on U.S. plans to tighten Iran sanctions, dollar eases
NEW YORK (Reuters) – Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week. FILE PHOTO: A trader works on the floor at the Read More

Oil hits 2019 high on U.S. plan to tighten squeeze on Iran

3 days ago DieselGasoil Comments Off on Oil hits 2019 high on U.S. plan to tighten squeeze on Iran
LONDON (Reuters) – Oil topped $74 a barrel on Monday, the highest since November, as the United States was set to announce a further clampdown on Iranian oil exports, tightening global supplies. The United States is expected to say later on Monday that buyers of Iranian oil need to end imports soon or face sanctions, Read More