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Strong U.S. retail sales boost economic outlook

2 mins ago DieselGasoil Comments Off on Strong U.S. retail sales boost economic outlook
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

Wall Street muted after mixed bank earnings

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(Reuters) – U.S. stock indexes treaded water on Tuesday as Wall Street’s big banks swung between gains and losses after their quarterly results drew mixed reactions from investors. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid JPMorgan, the largest U.S. bank by Read More

Oil futures rise slightly as storm impact fades

32 mins ago DieselGasoil Comments Off on Oil futures rise slightly as storm impact fades
London — 1030 GMT: Crude oil futures were trading slightly higher in late European morning Tuesday as the impact of Tropical Storm Barry subsided, while global economic uncertainty lingered. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:30 am London time (1030 GMT), ICE Brent September futures were Read More

Wells Fargo posts higher profit on cost controls, rise in loans

1 hour ago DieselGasoil Comments Off on Wells Fargo posts higher profit on cost controls, rise in loans
(Reuters) – Wells Fargo & Co (WFC.N) reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from aggressive cost-cutting. FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo Revenue declined at Wells’ community bank and wholesale bank as net interest Read More

Rosehill Resources Inc. Announces Second Quarter 2019 Conference Call Date

3 hours ago DieselGasoil Comments Off on Rosehill Resources Inc. Announces Second Quarter 2019 Conference Call Date
HOUSTON, July 16, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) announced that it plans to release its second quarter 2019 financial and operating results after market close on August 8, 2019 and will host a conference call to discuss those results and updates on August 9, 2019 Read More

China’s new Silk Road trade expands to over $600 billion in first half of 2019

3 hours ago DieselGasoil Comments Off on China’s new Silk Road trade expands to over $600 billion in first half of 2019
China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and reached 4.24 trillion yuan ($617.5 billion) in the first half of this year. Customs data showed trade with BRI countries for the period was up 9.7 percent year-on-year. It has outpaced the growth rate of China’s total trade, Read More

Oil firms as U.S. supply concerns ease but Iran tension lingers

4 hours ago DieselGasoil Comments Off on Oil firms as U.S. supply concerns ease but Iran tension lingers
LONDON (Reuters) – Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Oil steadies as U.S. supply concerns ease, Iran tension unresolved

5 hours ago DieselGasoil Comments Off on Oil steadies as U.S. supply concerns ease, Iran tension unresolved
LONDON (Reuters) – Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

US judge slashes Monsanto cancer victim’s payout by $55 million

5 hours ago DieselGasoil Comments Off on US judge slashes Monsanto cancer victim’s payout by $55 million
A US federal judge has reduced the $80 million punitive damages award a jury ordered Monsanto to pay to California cancer victim to $25 million. Judge Vince Chhabria said he was required to diminish the punitive damages because it went beyond constitutional limits set by the US Supreme Court. According to him, the higher award Read More

India to push Japan out of world’s top 3 economies by 2025

5 hours ago DieselGasoil Comments Off on India to push Japan out of world’s top 3 economies by 2025
India is projected to outpace the UK by the end of the year to become one of the world’s top five economies. It will then take it just six more years to overtake Japan as the world’s third largest economy, a new study suggests. India’s gross domestic product (GDP) is expected to reach $5.9 trillion Read More