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Wall Street set for muted open as investors await Fed outlook

5 hours ago DieselGasoil Comments Off on Wall Street set for muted open as investors await Fed outlook
(Reuters) – Wall Street’s main indexes were set to eke out gains at open on Wednesday, as investors cautiously waited for more clarity on the Federal Reserve’s monetary policy outlook for the year, while trade worries still lingered. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Tencent Music hits low pitch after first earnings report exposes costs

13 hours ago DieselGasoil Comments Off on Tencent Music hits low pitch after first earnings report exposes costs
BEIJING (Reuters) – Chinese streaming firm Tencent Music Entertainment Group delivered its first earnings report as a public company, meeting market expectations but exposing soaring license and content production costs which pulled its shares down 6 percent. Tencent Music Entertainment company is seen officially listed on the floor of the New York Stock Exchange (NYSE) Read More

Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

20 hours ago DieselGasoil Comments Off on Stocks and oil touch 2019 highs; sterling wobbles, like Brexit
NEW YORK (Reuters) – Stocks across the globe rose for a seventh straight session on Tuesday despite late selling on Wall Street, while the pound wobbled against the dollar as traders expected European Union officials would allow Britain a delay on Brexit. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Tencent Music meets profit estimates in first earnings report, shares fall

20 hours ago DieselGasoil Comments Off on Tencent Music meets profit estimates in first earnings report, shares fall
Tencent Music Entertainment company is seen officially listed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 12, 2018. REUTERS/Bryan R Smith (Reuters) – China-based music streaming company Tencent Music Entertainment Group on Tuesday posted an in-line quarterly adjusted profit, in its first earnings report since going public. The Read More

Wall Street inches higher as Fed meeting convenes

23 hours ago DieselGasoil Comments Off on Wall Street inches higher as Fed meeting convenes
NEW YORK (Reuters) – Wall Street gained ground on Tuesday, with investors expecting the U.S. Federal Reserve to reaffirm its dovish stance as it began its two-day monetary policy meeting. FILE PHOTO: A trader passes by screens showing Spotify on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 13, Read More

Guaido’s envoy occupies diplomatic buildings in US, says leader’s arrest will ‘accelerate’ change

24 hours ago DieselGasoil Comments Off on Guaido’s envoy occupies diplomatic buildings in US, says leader’s arrest will ‘accelerate’ change
The Venezuelan opposition’s diplomatic envoy to the US has claimed that the arrest of his boss, Juan Guaido, for interfering in the electoral process would only “accelerate” the pace of change in the country. Carlos Vecchio, appointed by Guaido to head the diplomatic offensive in the US against President Nicolas Maduro, made the comments as Read More

Guido’s envoy occupies diplomatic buildings in US, says leader’s arrest will ‘accelerate’ change

1 day ago DieselGasoil Comments Off on Guido’s envoy occupies diplomatic buildings in US, says leader’s arrest will ‘accelerate’ change
The Venezuelan opposition’s diplomatic envoy to the US has claimed that the arrest of his boss, Juan Guido, for interfering in the electoral process would only “accelerate” the pace of change in the country. Carlos Vecchio, appointed by Guido to head the diplomatic offensive against President Nicolas Maduro in the US, made the comments as Read More

Hopes of Fed standing pat on rate hikes drive Wall Street higher

1 day ago DieselGasoil Comments Off on Hopes of Fed standing pat on rate hikes drive Wall Street higher
(Reuters) – Wall Street’s main indexes climbed on Tuesday, as investors hoped for a more accommodative policy stance at the end of the Federal Reserve’s two-day meeting this week. FILE PHOTO: A trader passes by screens showing Spotify on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 13, 2019. Read More

U.S. factory orders barely rise; shipments fall further

1 day ago DieselGasoil Comments Off on U.S. factory orders barely rise; shipments fall further
WASHINGTON (Reuters) – New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity. FILE PHOTO: A worker is seen building an aircraft engine at Honeywell Aerospace in Phoenix, Arizona, U.S. on September 6, 2016. REUTERS/Alwyn Scott Factory Read More

Pay-for-praise is the latest craze sweeping across Chinese social media

1 day ago DieselGasoil Comments Off on Pay-for-praise is the latest craze sweeping across Chinese social media
Compliment-centric, pay-for-praise chat groups are the latest craze to sweep Chinese social media as exhausted students seek reassurance from random strangers online – for a small fee, of course. Seen as a response to online negativity and trolling, Chinese social media networks like WeChat, Douban and QQ are now hosting “kuakuaqun,” Mandarin for “praising groups,” where Read More