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Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump

4 days ago DieselGasoil Comments Off on Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales. The delay which, affects about half of the $300 billion target list of Read More

Oil rises as US scales back tariffs, lifting demand outlooks

4 days ago DieselGasoil Comments Off on Oil rises as US scales back tariffs, lifting demand outlooks
New York — Oil futures settled higher Tuesday as the market re-evaluated demand outlooks amid signs of a thaw in US-China trade tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled up $2.17 at $57.10/b, and ICE October Brent was $2.73 higher at $61.30/b at Read More

U.S. to delay China tariffs on some products, including laptops, cell phones

4 days ago DieselGasoil Comments Off on U.S. to delay China tariffs on some products, including laptops, cell phones
WASHINGTON (Reuters) – The Trump administration on Tuesday delayed imposing a 10% import tariff on laptops, cell phones, video game consoles and some other products made in China that had been scheduled to start next month, in an abrupt pull-back from a hardline stance on Chinese trade. FILE PHOTO: Chinese staffers adjust U.S. and Chinese Read More

Norwegian wealth fund’s bid to divest oil stocks loses momentum

2 weeks ago DieselGasoil Comments Off on Norwegian wealth fund’s bid to divest oil stocks loses momentum
By Mikael Holter on 8/6/2019 OSLO (Bloomberg) –After revealing it wants to dump all oil stocks in a market-shattering bang in 2017, Norway’s $1.1 trillion wealth fund’s actual divestment could now be so small it hardly matters. The fund’s initial plan was heavily diluted in a political compromise that shielded the world’s biggest oil companies. Read More

Delek US Holdings Reports Second Quarter 2019 Results

2 weeks ago DieselGasoil Comments Off on Delek US Holdings Reports Second Quarter 2019 Results
Reported second quarter net income of $77.3 million and adjusted EBITDA of $204.9 million Acquiring 15% Interest in Wink to Webster Pipeline LLC Acquired 33% Interest in Red River pipeline joint venture in May 2019 Increasing regular quarterly dividend by $0.01 or 3.6 percent to $0.29 per share Expect to repurchase $40 million of stock Read More

Opposition activist dragged from taxi as Russian police detain 685 protesters

2 weeks ago DieselGasoil Comments Off on Opposition activist dragged from taxi as Russian police detain 685 protesters
Russian police forcibly detained nearly 700 people, including prominent activist Lyubov Sobol, attending a protest in Moscow to demand free elections. Protesters once again took to the streets of the Russian capital on Saturday to decry the exclusion of some independent and opposition candidates for upcoming city council elections. Riot police were out in full Read More

Doctor not ruling out Russian opposition leader has been poisoned

3 weeks ago DieselGasoil Comments Off on Doctor not ruling out Russian opposition leader has been poisoned
A doctor who visited Russian opposition leader Alexei Navalny says she cannot rule out he has been poisoned. Mr Navalny was taken to hospital from prison on Sunday after suffering “severe swelling of the face and skin redness”, his spokeswoman said. He has since been discharged from hospital and returned to prison after his condition Read More