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Asia shares rise on U.S.-China trade deal optimism, Aussie tumbles

9 hours ago DieselGasoil Comments Off on Asia shares rise on U.S.-China trade deal optimism, Aussie tumbles
TOKYO (Reuters) – Asian shares pulled ahead to fresh 4-1/2-month highs and U.S. equity futures rose on a Reuters report that the United States and China have started to tackle the stickiest issues in their trade war. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018. REUTERS/Issei Read More

Asia shares up on Fed outlook, Aussie dollar seesaws after jobs data

13 hours ago DieselGasoil Comments Off on Asia shares up on Fed outlook, Aussie dollar seesaws after jobs data
TOKYO (Reuters) – Asian shares pulled ahead to fresh 4-1/2-month highs on Thursday after the U.S. Federal Reserve affirmed it would be “patient” on further interest rate rises and as Sino-U.S. trade talks hinted of progress towards a deal in their tariff war. Visitors look at a stock quotation board at Tokyo Stock Exchange in Read More

Asia shares steady after Fed minutes, Aussie rallies

15 hours ago DieselGasoil Comments Off on Asia shares steady after Fed minutes, Aussie rallies
TOKYO (Reuters) – Asian shares held near 4-1/2-month highs on Thursday after U.S. Federal Reserve minutes affirmed it would be “patient” on interest rate rises and risk assets got a lift from hopes of further progress in U.S.-China trade talks. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October Read More

Canadian heavy crude slips as pipeline rationing set to rise

1 day ago DieselGasoil Comments Off on Canadian heavy crude slips as pipeline rationing set to rise
By Robert Tuttle on 2/20/2019 CALGARY (Bloomberg) — Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge reported that rationing on its heavy oil lines would increase next month.  Western Canadian Select, an oil sands benchmark, traded at $15/bbl below West Texas Intermediate futures Tuesday, $1.50 Read More

Sainsbury's-Asda deal in jeopardy as UK regulator condemns plan

1 day ago DieselGasoil Comments Off on Sainsbury's-Asda deal in jeopardy as UK regulator condemns plan
LONDON (Reuters) – Britain’s competition regulator has dealt a potentially fatal blow to Sainsbury’s planned $9.5 billion takeover of Walmart’s Asda, saying it was unlikely the companies would be able to address its “extensive” concerns about the deal. FILE PHOTO: A man walks past branches of ASDA and Sainsbury’s in Stockport, Britain April 30, 2018. Read More

Sainsbury's-Asda deal in doubt as UK regulator raises big objections

1 day ago DieselGasoil Comments Off on Sainsbury's-Asda deal in doubt as UK regulator raises big objections
LONDON (Reuters) – Britain’s competition regulator has dealt a potentially fatal blow to Sainsbury’s planned $9.5 billion takeover of Walmart’s Asda, saying it was unlikely the companies would be able to address its “extensive” concerns about the deal. FILE PHOTO: A man walks past branches of ASDA and Sainsbury’s in Stockport, Britain April 30, 2018. Read More

UK regulator raises big objections to Sainsbury's-Asda deal

1 day ago DieselGasoil Comments Off on UK regulator raises big objections to Sainsbury's-Asda deal
LONDON (Reuters) – Britain’s competition regulator said on Wednesday Sainsbury’s planned $9.5 billion takeover of Walmart-owned Asda should either be blocked or require the sale of a significant number of stores, or even one of the brands. FILE PHOTO: A man walks past branches of ASDA and Sainsbury’s in Stockport, Britain April 30, 2018. REUTERS/Phil Read More

Asian millers turn to Argentina for wheat as drought hits Australian output

1 day ago DieselGasoil Comments Off on Asian millers turn to Argentina for wheat as drought hits Australian output
(Reuters) – Asian wheat millers are snapping up cargoes of the grain from Argentina to arrive in the first-half of the year, typically peak-export season for traditional supplier Australia where a second year of drought is hitting production. FILE PHOTO – A combine harvester is used to harvest wheat in a field in the village Read More

Egypt is shaping up to become a real energy hub

3 days ago DieselGasoil Comments Off on Egypt is shaping up to become a real energy hub
Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, BP and ENI in this emerging energy hotspot. After years of a major slump, partly due to continuing payment and security issues, the Pharaohs are again Read More

Analyst View: Investors divided over Mexico's bailout of state oil company

6 days ago DieselGasoil Comments Off on Analyst View: Investors divided over Mexico's bailout of state oil company
MEXICO CITY (Reuters) – The Mexican government promised on Friday to do what it takes to strengthen the finances of ailing state oil company Petroleos Mexicanos with an injection of at least $3.6 billion to prevent a further credit downgrade. FILE PHOTO: Clients get fuel at a gas station of state-owned company Petroleos Mexicanos (PEMEX), Read More