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China set to post slowest growth in 28 years in 2018, more stimulus seen

2 hours ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

GM warns workers in Brazil on losses, tough turnaround plan

12 hours ago DieselGasoil Comments Off on GM warns workers in Brazil on losses, tough turnaround plan
SAO PAULO (Reuters) – General Motors Co (GM.N) has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March Read More

66 killed as pipeline explodes after fuel theft

15 hours ago DieselGasoil Comments Off on 66 killed as pipeline explodes after fuel theft
At least 66 people have died and 76 others injured after a pipeline breached by fuel thieves exploded triggering a massive fire in central Mexico. Hundreds of people had been trying to fill up containers at the time of the blast in Hidalgo state, 60 miles north of Mexico City. Footage from the scene showed Read More

Cross-border bridge connecting Russia & China to open in 2020

16 hours ago DieselGasoil Comments Off on Cross-border bridge connecting Russia & China to open in 2020
The construction of a long-awaited bridge across the Amur River, aimed at connecting Russia’s Far East city of Blagoveshchensk with the northeastern Chinese city of Heihe, will be completed next year. The bridge will be ready for traffic this year, according to the head of Amur Region, Vasily Orlov. He told journalists that construction works Read More

21 killed as pipeline explodes after fuel theft

21 hours ago DieselGasoil Comments Off on 21 killed as pipeline explodes after fuel theft
At least 21 people have died and 71 others injured after a pipeline breached by fuel thieves exploded triggering a massive fire in central Mexico. Hundreds of people had been trying to fill up containers at the time of the blast in Hidalgo state, 60 miles north of Mexico City. Footage from the scene showed Read More

Lords of war: US weapons factories dominate global arms trade

1 day ago DieselGasoil Comments Off on Lords of war: US weapons factories dominate global arms trade
The latest report by Stockholm International Peace Research Institute (SIPRI) revealed that sales of arms and military services by global majors totaled $398.2 billion in 2017, marking a 44 percent growth over the past 15 years. “The overall number excludes Chinese data due to the lack of available information to allow for a reasonable or Read More

The Week In Review: Will the Government Shutdown Depress the Economy?

1 day ago DieselGasoil Comments Off on The Week In Review: Will the Government Shutdown Depress the Economy?
The headlines across the media are talking about how much the Trump and Pelosi shutdown is costing. Most of it is true to varying degrees but the words are telling only part of the story. This post also reviews the major economic releases issued this past week – although several Read More

Explainer: How U.S.-China talks differ from any other trade deal

1 day ago DieselGasoil Comments Off on Explainer: How U.S.-China talks differ from any other trade deal
WASHINGTON (Reuters) – The trade deal that U.S. negotiators are seeking with China may have more in common with a sanctions-monitoring regime than a traditional trade pact. FILE PHOTO: A woman walks past a bench painted in the colours of the U.S. flag outside a clothing store in Beijing, China January 7, 2019. REUTERS/Thomas Peter Read More

Oil hits 2-month high as China truce signals brighter outlook

1 day ago DieselGasoil Comments Off on Oil hits 2-month high as China truce signals brighter outlook
By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More