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Wall St. breaks run of gains as economic data disappoints

3 hours ago DieselGasoil Comments Off on Wall St. breaks run of gains as economic data disappoints
NEW YORK (Reuters) – Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish momentum. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid/File Photo The Commerce Department Read More

Wall Street on track to snap recent run of gains after weak data

3 hours ago DieselGasoil Comments Off on Wall Street on track to snap recent run of gains after weak data
NEW YORK (Reuters) – Weak economic data pressured U.S. stocks on Thursday after a recent run of gains, while a drop in healthcare shares added to the bearish momentum. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid/File Photo The Commerce Department said Read More

U.S., China resume trade talks to thrash out structural agreements

4 hours ago DieselGasoil Comments Off on U.S., China resume trade talks to thrash out structural agreements
WASHINGTON (Reuters) – The top U.S. and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a U.S.-imposed deadline to reach agreement expires and triggers a new round of tariffs. U.S. Trade Representative Robert Lighthizer (2ndL), Treasury Secretary Steven Mnuchin Read More

China bans Australian coal imports as diplomatic tensions over Huawei intensify

5 hours ago DieselGasoil Comments Off on China bans Australian coal imports as diplomatic tensions over Huawei intensify
One of China’s biggest ports has put restrictions on shipments of coal from Australia, its top supplier of anthracite, casting a shadow upon Australia’s second largest export earner. The Port of Dalian is set to cap overall coal imports from all sources at 12 million tons until the end of 2019, according to an official Read More

U.S. stocks fall on weak economic view; oil, gold fall

7 hours ago DieselGasoil Comments Off on U.S. stocks fall on weak economic view; oil, gold fall
NEW YORK (Reuters) – Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Read More

Oil off 2019 highs as U.S. crude stocks build, output hits record

7 hours ago DieselGasoil Comments Off on Oil off 2019 highs as U.S. crude stocks build, output hits record
NEW YORK (Reuters) – Oil prices fell below 2019 highs on Thursday after U.S. government data showed a fifth weekly build in crude inventories and record production, while concerns about slowing global economic growth weighed. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Read More

Empty supertankers reveal truths about today's oil market

8 hours ago DieselGasoil Comments Off on Empty supertankers reveal truths about today's oil market
By Firat Kayakiran on 2/21/2019 LONDON (Bloomberg) — They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.  In normal times, the vessels would be filled with heavy, high sulfur Read More

Man drinks himself to death in desperate bid for livestream fame

8 hours ago DieselGasoil Comments Off on Man drinks himself to death in desperate bid for livestream fame
A man in China has died after he had spent three months drinking large volumes of liquids, including cooking oil, as part of an ill-fated bid for fame on a livestreaming app. The man, who has been identified as Chu, reportedly died on December 31, soon after livestreaming himself drinking alcohol at a supermarket in Read More

De Beers says lab-grown diamond wholesale prices fall by up to 60 percent

9 hours ago DieselGasoil Comments Off on De Beers says lab-grown diamond wholesale prices fall by up to 60 percent
LONDON (Reuters) – Wholesale prices for lab-grown diamonds have fallen by up to 60 percent since De Beers began selling synthetic stones for jewelry in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall. Lab grown diamond jewelry displayed at Pure Grown Diamonds headquarters in Woodbridge, New Jersey, Read More

Oil eases from 2019 highs ahead of U.S. inventory data

9 hours ago DieselGasoil Comments Off on Oil eases from 2019 highs ahead of U.S. inventory data
NEW YORK (Reuters) – Oil prices eased off 2019 highs on Thursday ahead of U.S. government data that was expected to show a fifth weekly build in crude inventories, while concerns about slowing global economic growth weighed. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. Read More