newszine

Fed sees no rate hikes in 2019, sets end to asset runoff

41 mins ago DieselGasoil Comments Off on Fed sees no rate hikes in 2019, sets end to asset runoff
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline of its balance sheet in September. The measures, announced following the Read More

Afghan refugee accused of repeatedly raping 11yo in Germany could avoid trial as he was underage

5 hours ago DieselGasoil Comments Off on Afghan refugee accused of repeatedly raping 11yo in Germany could avoid trial as he was underage
An Afghan asylum seeker, who has been accused of repeatedly raping an 11-year-old girl in Germany, could be set free as his lawyer maintains the refugee was younger than 14 at the time of the incident and cannot be tried. The Afghan teenager, identified only as Mansoor Q, is suspected of raping the German girl Read More

'No-one is breaking out the champagne': emerging markets investors treading carefully

8 hours ago DieselGasoil Comments Off on 'No-one is breaking out the champagne': emerging markets investors treading carefully
LONDON (Reuters) – After plowing billions into emerging market equities since October, investors have started to show signs of hesitation, but an uptick in earnings expectations should reassure those hoping to capitalize on stronger economic growth in the emerging world. FILE PHOTO: A man is seen in front of an electronic board showing stock information Read More

Deutsche, Commerzbank merger would put 30,000 jobs at risk: union

3 days ago DieselGasoil Comments Off on Deutsche, Commerzbank merger would put 30,000 jobs at risk: union
BERLIN/FRANKFURT (Reuters) – A merger of Deutsche Bank and its rival Commerzbank could result in as many as 30,000 job cuts over the long term, a representative of German union Verdi who is a Deutsche supervisory board member told n-tv broadcaster. FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the 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

Reverse course: stocks, sterling fall as Brexit optimism evaporates

1 week ago DieselGasoil Comments Off on Reverse course: stocks, sterling fall as Brexit optimism evaporates
LONDON (Reuters) – A rally across global stocks and sterling triggered by last-minute tweaks to Britain’s deal to exit the European Union evaporated on Tuesday as comments from the government’s top lawyer raised fresh doubts the new terms won’t sway lawmakers. People check their mobile phones as they stand outside the entrance of the London Read More

Asian shares struggle after U.S. payrolls shock

1 week ago DieselGasoil Comments Off on Asian shares struggle after U.S. payrolls shock
TOKYO (Reuters) – Asian shares struggled for traction on Monday after U.S. employment data raised doubts about the strength of the global economy, while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound. A pedestrian holding an umbrella walks past an electronic board showing the graphs of Read More

Asian shares decline as U.S. jobs data clouds global outlook

1 week ago DieselGasoil Comments Off on Asian shares decline as U.S. jobs data clouds global outlook
TOKYO (Reuters) – Asian shares pulled back on Monday after U.S. employment data raised doubts about the strength of the global economy while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound. A pedestrian holding an umbrella walks past an electronic board showing the graphs of the Read More

Power cuts – not power struggle – could see off Maduro

2 weeks ago DieselGasoil Comments Off on Power cuts – not power struggle – could see off Maduro
By Stuart Ramsay, chief correspondent, in Caracas After two days of power cuts that have forced shops to close, created huge queues for fuel in a country with the largest known oil reserves in the world, brought even more mayhem and death to hospitals, and has now ensured the much feared National Guard are constantly Read More