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Take Five: The Fed and the rest

3 days ago DieselGasoil Comments Off on Take Five: The Fed and the rest
(Reuters) – 1/THE FIRST CUT… Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 5, 2019. REUTERS/Brendan McDermid With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became Read More

Northern Hemisphere has 66% chance of persisting El Niño conditions in summer: NWS forecaster

4 days ago DieselGasoil Comments Off on Northern Hemisphere has 66% chance of persisting El Niño conditions in summer: NWS forecaster
(Reuters) – There is a 66% chance that the Northern Hemisphere will see persisting El Niño conditions in the summer of 2019, the National Weather Service’s Climate Prediction Center (CPC) said in its monthly forecast on Thursday. “The current downwelling oceanic Kelvin wave should fuel the persistence of El Niño at least in the short-term,” Read More

U.S. forecaster sees 66% chance of El Niño through summer

4 days ago DieselGasoil Comments Off on U.S. forecaster sees 66% chance of El Niño through summer
(Reuters) – There is a chance of about 66% of El Niño conditions persisting through the Northern Hemisphere summer in 2019, a U.S. government weather forecaster said on Thursday. The chances of the weather pattern continuing through the fall and winter were a bit lower at 50% to 55%, the National Weather Service’s Climate Prediction Read More

Chinese vice premier urges more support for economy amid trade war

4 days ago DieselGasoil Comments Off on Chinese vice premier urges more support for economy amid trade war
SHANGHAI (Reuters) – Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice Premier Liu He said on Thursday, suggesting Beijing would soon unveil more policies to bolster growth amid rising U.S. trade pressure. China’s Vice Premier Liu He exits the office of the U.S. Trade Representative Read More

Philip Green’s Arcadia avoids collapse as creditors back deal

4 days ago DieselGasoil Comments Off on Philip Green’s Arcadia avoids collapse as creditors back deal
LONDON (Reuters) – Philip Green’s Topshop-to-Dorothy Perkins fashion empire staved off a collapse into administration on Wednesday as creditors approved his sweetened restructuring plan. FILE PHOTO: People walk past a Topshop and Topman store, owned by Arcadia Group, in central London, Britain, June 5, 2019. REUTERS/Henry Nicholls/File Photo The restructuring will close stores, cut rents Read More

Exclusive: Renault chairman weakened as Macron snubs meeting – sources

4 days ago DieselGasoil Comments Off on Exclusive: Renault chairman weakened as Macron snubs meeting – sources
PARIS (Reuters) – French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government’s interference at the carmaker, sources told Reuters, raising questions over Senard’s future. Jean-Dominique Senard, Chairman of Renault speaks during French carmaker Renault’s shareholders meeting in Paris, France in this still image Read More

Tens of thousands of images stolen in US border hack

4 days ago DieselGasoil Comments Off on Tens of thousands of images stolen in US border hack
Images of tens of thousands of people crossing the US border with Mexico have been stolen in a major hack, the US Customs and Border Patrol (CBP) has said. The breach, which affected the network of a sub-contractor, also saw photos of vehicle licence plates stolen, said the CBP. It said fewer than 100,000 people Read More

Exclusive: Renault chairman weakened as Macron snubs meeting

5 days ago DieselGasoil Comments Off on Exclusive: Renault chairman weakened as Macron snubs meeting
PARIS (Reuters) – French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government’s interference at the carmaker, sources told Reuters, raising questions over Senard’s future. FILE PHOTO: Renault Chairman Jean-Dominique Senard attends a joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon/File Read More

Wall Street split on Tesla 2019 delivery promises

5 days ago DieselGasoil Comments Off on Wall Street split on Tesla 2019 delivery promises
FILE PHOTO: Newly manufactured Tesla vehicles are shown parked in a large lot next to the airport in Burbank, California, U.S. August 24, 2018. REUTERS/Mike Blake (Reuters) – Tesla Inc shares rose almost 3% in early trade on Wednesday, with analysts still divided on the electric-car maker’s chances of meeting delivery and production targets in Read More

Goldman sees hard path to OPEC+ extension for Russia, Saudis

6 days ago DieselGasoil Comments Off on Goldman sees hard path to OPEC+ extension for Russia, Saudis
By Olga Tanas and Dina Khrennikova on 6/11/2019 ST. PETERSBURG and MOSCOW (Bloomberg) — Uncertainty over oil supply and demand fundamentals is making it tougher for Russia and Saudi Arabia—the architects of the OPEC+ deal—to reconcile their differences over the framework for an extension of their output pact into the second half, according to Goldman Read More