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Asian stocks wobble, bond yields fall on earnings woes, trade worries

5 days ago DieselGasoil Comments Off on Asian stocks wobble, bond yields fall on earnings woes, trade worries
TOKYO (Reuters) – Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, helping to underpin solid demand for safe-haven U.S. Treasuries. A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Kato Read More

BNY Mellon vows to stem billions in outflows from index products

5 days ago DieselGasoil Comments Off on BNY Mellon vows to stem billions in outflows from index products
BOSTON (Reuters) – BNY Mellon Corp’s push to reinvigorate its money management business has yet to stem a continuous outflow of client cash from its $322 billion complex of index-based investment products. BNY Mellon executives delivered more bad news on Wednesday when they detailed $22 billion in net withdrawals from index portfolios during the second Read More

E3: Xbox One successor Project Scarlett to launch in 2020

1 month ago DieselGasoil Comments Off on E3: Xbox One successor Project Scarlett to launch in 2020
Microsoft has announced that its next-generation console is set to go on sale before the end of 2020. Codenamed Project Scarlett, the firm said that the machine would be the “biggest leap” over a previous generation there had ever been. At the E3 games expo, Microsoft said the custom-designed processor, made by AMD, would be Read More

U.S. senators target $1 billion a year coal subsidy, ask IRS for test results

1 month ago DieselGasoil Comments Off on U.S. senators target $1 billion a year coal subsidy, ask IRS for test results
BOSTON (Reuters) – Three U.S. senators on Monday urged the Internal Revenue Service to crack down on a $1 billion-a-year subsidy for burning chemically treated refined coal, after a new study showed some power plants using the fuel produced surging amounts of mercury and smog instead of cutting pollution. FILE PHOTO: Exhaust rises from the Read More

FTSE-100 chiefs to hold talks with Trump during state visit

2 months ago DieselGasoil Comments Off on FTSE-100 chiefs to hold talks with Trump during state visit
By Mark Kleinman, City editor The bosses of Barclays, GlaxoSmithKline (GSK) and National Grid are among a handful of British company executives ‎invited for talks with US President Donald Trump during his state visit to the UK next week. Sky News has exclusively obtained the list of companies that will be represented at a roundtable Read More

Proactive checks on crypto risks needed, global watchdog FSB says

2 months ago DieselGasoil Comments Off on Proactive checks on crypto risks needed, global watchdog FSB says
LONDON (Reuters) – Regulators need to step up risk assessments of the cryptocurrency sector as current rules are patchy, and quick technological change may lead to gaps in policies on digital money, the global financial stability watchdog said. FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December Read More

Kim Jong Un ‘executes senior officials’ after failed Trump summit

2 months ago DieselGasoil Comments Off on Kim Jong Un ‘executes senior officials’ after failed Trump summit
North Korea has executed a number of senior officials involved in failed talks with the US in Vietnam, according to a report. The second summit between Kim Jong Un and Donald Trump ended in failure back in February, with the two leaders walking away from negotiations in Hanoi due to a dispute over sanctions. South Read More

Inflatable angry emoji looms over Facebook annual meeting as users vent frustrations

2 months ago DieselGasoil Comments Off on Inflatable angry emoji looms over Facebook annual meeting as users vent frustrations
MENLO PARK, Calif./BOSTON (Reuters) – Protesters carrying an inflatable angry emoji greeted Facebook Inc shareholders as they gathered for the company’s annual meeting on Thursday, the latest sign of its struggle to shake off privacy scandals and rein in fake news and hate speech. A passerby takes a photograph of an inflatable angry emoji during Read More

U.S.-based equity funds post $22 billion outflows amid trade tensions

2 months ago DieselGasoil Comments Off on U.S.-based equity funds post $22 billion outflows amid trade tensions
(Reuters) – Investors rattled by U.S.-China trade tensions pulled roughly $22 billion from U.S.-based equity funds in the week ended May 29, according to data released by Refinitiv’s Lipper research service on Thursday. U.S.-based investment-grade bond funds, which move in sympathy with equities, posted more than $5 billion of outflows in the week ended Wednesday, Read More