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Gold soars to six-year high as trade, Iran tensions mount

45 mins ago DieselGasoil Comments Off on Gold soars to six-year high as trade, Iran tensions mount
LONDON (Reuters) – Trade anxiety and escalating tensions between the United States and Iran sent gold soaring to a six-year high on Tuesday, and saw traders dive back into safe-harbour government bonds and the yen and Swiss franc at the expense of the dollar. FILE PHOTO: The German share price index DAX graph is pictured Read More

Safety first: markets wary of world politics and policy and dash for bunkers

46 mins ago DieselGasoil Comments Off on Safety first: markets wary of world politics and policy and dash for bunkers
LONDON (Reuters) – Gold, Switzerland’s franc, Japan’s yen, top-rated government bonds, and even bitcoin — investors have dashed for havens and alternative assets this week as anxiety grows about trade wars, U.S.-Iran tensions and negative interest rates. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

European watchdogs demand detail on Facebook’s cryptocurrency

2 hours ago DieselGasoil Comments Off on European watchdogs demand detail on Facebook’s cryptocurrency
LONDON/ZUG, Switzerland (Reuters) – Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Read More

UK watchdog wants more detail on Facebook’s Libra coin plan

3 hours ago DieselGasoil Comments Off on UK watchdog wants more detail on Facebook’s Libra coin plan
Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – There was “insufficient” detail to understand Facebook’s plans to expand into payments and launch its own Libra coin, Britain’s Financial Conduct Authority (FCA) said on Tuesday. Facebook Read More

Central bankers weigh up Facebook’s Libra plan

3 hours ago DieselGasoil Comments Off on Central bankers weigh up Facebook’s Libra plan
ZUG, Switzerland (Reuters) – A senior member of the Swiss National Bank said he was open-minded about Facebook’s cryptocurrency project, while an Italian official looked for more information as central bankers try to get to grips with the initiative. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Read More

$300 oil? US war with Iran spells catastrophe for global economy, expert tells RT

4 hours ago DieselGasoil Comments Off on $300 oil? US war with Iran spells catastrophe for global economy, expert tells RT
An armed conflict between the US and Iran would send oil prices soaring and global stocks crashing, which will certainly not play into the hands of Washington, according to political and economic analyst, Shabbir Razvi. He told RT that the United States understands that surging oil prices “will have a dramatic impact on the global Read More

Green bond issuance surpasses $100 billion so far this year: data

4 hours ago DieselGasoil Comments Off on Green bond issuance surpasses $100 billion so far this year: data
LONDON (Reuters) – Global green bond issuance has surpassed the $100 billion mark already this year, the first time the milestone has been reached in the first half of this year, the Climate Bonds Initiative said on Tuesday. Green bonds are a growing category of fixed-income securities, which raise capital for projects with environmental benefits. Read More

US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer

5 hours ago DieselGasoil Comments Off on US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

Fund supermarket Allfunds bulks up with Credit Suisse deal

5 hours ago DieselGasoil Comments Off on Fund supermarket Allfunds bulks up with Credit Suisse deal
ZURICH (Reuters) – Spain’s Allfunds Group is buying Credit Suisse’s business-to-business investment fund platform InvestLab for an undisclosed sum as the investment services industry consolidates to reap the benefits of scale. FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse Credit Suisse will take a Read More

US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer

6 hours ago DieselGasoil Comments Off on US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More