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Asian shares up on accommodative Fed; growth concerns linger

2 hours ago DieselGasoil Comments Off on Asian shares up on accommodative Fed; growth concerns linger
SHANGHAI (Reuters) – Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over U.S.-China trade talks and slowing global growth capped broad gains and pulled some markets lower. FILE PHOTO: Passersby walk past in front of an electronic stock quotation board outside Read More

Dovish Fed shift lifts Asian shares, dollar nurses losses

5 hours ago DieselGasoil Comments Off on Dovish Fed shift lifts Asian shares, dollar nurses losses
SHANGHAI (Reuters) – Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over slowing global growth and U.S.-China trade talks are expected to limit gains. FILE PHOTO: Passersby walk past in front of an electronic stock quotation board outside a brokerage in Read More

'Perfect storm' of tight supply & global demand drives oil prices higher

16 hours ago DieselGasoil Comments Off on 'Perfect storm' of tight supply & global demand drives oil prices higher
Oil prices have risen far higher and faster than most analysts expected, with major banks now changing their forecasts as a perfect storm of factors forms around oil markets. “The latest Brent rally has brought prices to our peak forecast of $67.5/bbl, three months early,” Goldman Sachs wrote in a note. The investment bank said Read More

Murdoch's new Fox debuts on Nasdaq, names ex-Speaker Paul Ryan to board

2 days ago DieselGasoil Comments Off on Murdoch's new Fox debuts on Nasdaq, names ex-Speaker Paul Ryan to board
FILE PHOTO: Paul Ryan speaks after meeting with U.S. President Donald Trump at the White House in Washington, U.S., December 20, 2018. REUTERS/Jim young (Reuters) – Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch’s media business after the $71 billion sale of Twenty-First Century Fox Inc’s film Read More

‘We would all probably be gone’: Heroes who stood up to Christchurch shooter

4 days ago DieselGasoil Comments Off on ‘We would all probably be gone’: Heroes who stood up to Christchurch shooter
As New Zealanders of all races and religions gather to pay respect to the dozens of victims of Friday’s deadly mass shooting, stories of those who heroically tried to thwart the attacker are coming to light. 28-year Australian Brenton Tarrant opened fire on the congregations of two Christchurch mosques as worshippers gathered for Friday prayers, Read More

The mystery hero who grabbed NZ attacker's gun

5 days ago DieselGasoil Comments Off on The mystery hero who grabbed NZ attacker's gun
By Emily Mee, news reporter An unidentified man wrestled a gun from the hands of the man involved in the terror attack in New Zealand and prevented further deaths, according to witnesses. Hours after dozens of people were shot dead at two mosques in Christchurch, witnesses described how a young mosque worker risked his life Read More

Wells Fargo CEO's pay raise draws rare Fed response

1 week ago DieselGasoil Comments Off on Wells Fargo CEO's pay raise draws rare Fed response
(Reuters) – Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, prompting the Federal Reserve to release a statement saying that it does not sign off on executive pay. Wells Fargo CEO Tim Sloan testifies before a House Financial Services Committee hearing titled: “Holding Megabanks Accountable: An Examination Read More

JPMorgan's Chase to open up to 90 branches in new U.S. markets

1 week ago DieselGasoil Comments Off on JPMorgan's Chase to open up to 90 branches in new U.S. markets
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo (Reuters) – JPMorgan Chase & Co’s consumer banking unit said on Wednesday it will open up to 90 branches in new U.S. markets, in the face of intensifying competition Read More

Wells Fargo CEO avoids major stumble at heated congressional hearing

1 week ago DieselGasoil Comments Off on Wells Fargo CEO avoids major stumble at heated congressional hearing
WASHINGTON (Reuters) – Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing that saw Sloan firmly on the defensive. Wells Fargo’s CEO Tim Sloan is sworn in before testifying in Read More

Shell says it can be world's top power producer and profit

1 week ago DieselGasoil Comments Off on Shell says it can be world's top power producer and profit
By Kevin Crowley, Alix Steel and Kelly Gilblom on 3/12/2019 HOUSTON, NEW YORK and LONDON (Bloomberg) — Royal Dutch Shell plans to become the world’s biggest power company within 15 years, a move that suggests it sees climate change as a bigger threat to its business than electricity’s historically weak returns. The world’s No. 2 Read More