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Stocks, dollar inch up ahead of Powell’s Jackson Hole speech

22 mins ago DieselGasoil Comments Off on Stocks, dollar inch up ahead of Powell’s Jackson Hole speech
LONDON (Reuters) – World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. FILE PHOTO: The German share price index DAX graph is pictured Read More

Cap on sulphur emissions to drive global demand for LNG as shipping fuel

52 mins ago DieselGasoil Comments Off on Cap on sulphur emissions to drive global demand for LNG as shipping fuel
8/23/2019 DUBAI – Demand for LNG as a conventional source of energy in the maritime industry will continue to grow because of its technological advantages in meeting the standards and requirements in limiting the emissions of sulphur, a greenhouse gas. According to marine fuel expert Sergey Ivanov, the global sulphur cap of 0.5%, which is Read More

Tesla in advanced talks with LG Chem on battery supply in China: source

2 hours ago DieselGasoil Comments Off on Tesla in advanced talks with LG Chem on battery supply in China: source
(Reuters) – U.S. electric vehicle maker Tesla Inc (TSLA.O) is in advanced talks with South Korea’s LG Chem Ltd (051910.KS) to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said. FILE PHOTO – Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Read More

Brexit has opened old wounds in Ireland — and anti-British sentiment is back

4 hours ago DieselGasoil Comments Off on Brexit has opened old wounds in Ireland — and anti-British sentiment is back
Anti-British sentiment in Ireland was never healed completely, but in the twenty years since the peace process and the signing of the Good Friday Agreement, it had sunk so low as to be almost negligible. Then came Brexit. Britain’s decision to ditch the European Union and strike out alone has unleashed what feels like a Read More

Asian stocks cautious ahead of Powell’s speech; yuan at fresh 11-1/2 year low

5 hours ago DieselGasoil Comments Off on Asian stocks cautious ahead of Powell’s speech; yuan at fresh 11-1/2 year low
TOKYO (Reuters) – Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato Read More

Seeking clarity from Fed’s Powell? Good luck with that

6 hours ago DieselGasoil Comments Off on Seeking clarity from Fed’s Powell? Good luck with that
JACKSON HOLE, Wyo. (Reuters) – When Federal Reserve Chair Jerome Powell speaks in Jackson Hole, Wyoming, on Friday, traders will comb through his remarks for clues on whether the U.S. central bank will deliver more rate cuts this year. FILE PHOTO: Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Read More

Asian stocks struggle ahead of Powell’s speech; yuan at fresh 11-1/2 year low

7 hours ago DieselGasoil Comments Off on Asian stocks struggle ahead of Powell’s speech; yuan at fresh 11-1/2 year low
TOKYO (Reuters) – Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato Read More

YouTube axes anti-protest channels as US Ministry of Truth battles China over Hong Kong

9 hours ago DieselGasoil Comments Off on YouTube axes anti-protest channels as US Ministry of Truth battles China over Hong Kong
YouTube has disabled 210 channels for posting content related to the Hong Kong protests “in a coordinated manner,” following in the footsteps of Facebook and Twitter in restricting its arbitrary censorship to pro-China accounts. “Channels in this network behaved in a coordinated manner while uploading videos related to the ongoing protests in Hong Kong,” Google Read More

Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources

10 hours ago DieselGasoil Comments Off on Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources
WASHINGTON/NEW YORK (Reuters) – U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand, four sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump returns after travelling Read More