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Oil edges up in volatile session but falls for sixth straight week

1 hour ago DieselGasoil Comments Off on Oil edges up in volatile session but falls for sixth straight week
NEW YORK (Reuters) – Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. FILE PHOTO: A worker checks the valve of an oil pipe at Read More

Dollar falls as Fed officials ring note of caution, pound bounces

2 hours ago DieselGasoil Comments Off on Dollar falls as Fed officials ring note of caution, pound bounces
NEW YORK (Reuters) – The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal. British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas Read More

Wall Street advances on trade optimism; Nvidia, Facebook lag

2 hours ago DieselGasoil Comments Off on Wall Street advances on trade optimism; Nvidia, Facebook lag
NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid All three indexes Read More

Oil edges up in volatile session but headed for weekly loss

4 hours ago DieselGasoil Comments Off on Oil edges up in volatile session but headed for weekly loss
NEW YORK (Reuters) – Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries. FILE PHOTO: A worker checks the valve of an oil Read More

PG&E shares, debt rebound as regulator soothes bankruptcy fear

4 hours ago DieselGasoil Comments Off on PG&E shares, debt rebound as regulator soothes bankruptcy fear
(Reuters) – Shares of embattled utility PG&E Corp (PCG.N) surged 37 percent on Friday as fears it could be bankrupted by potential liability from California’s deadliest-ever wildfire were assuaged by signs of support from a regulator. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise, California, U.S., Read More

S&P 500 wavers after Trump trade comments, Nvidia hits Nasdaq

4 hours ago DieselGasoil Comments Off on S&P 500 wavers after Trump trade comments, Nvidia hits Nasdaq
(Reuters) – The S&P 500 swung between gains and losses on Friday following conflicting reports on a U.S. trade deal with China, while weakness in chipmaker Nvidia weighed on the Nasdaq. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid President Donald Trump Read More

PG&E shares, debt recover as regulator eases bankruptcy fears

5 hours ago DieselGasoil Comments Off on PG&E shares, debt recover as regulator eases bankruptcy fears
(Reuters) – Shares of embattled utility PG&E Corp (PCG.N) jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California’s deadly wildfires were eased by signs of support for the company from one regulator. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Read More

U.S. manufacturing production increases; headwinds growing

5 hours ago DieselGasoil Comments Off on U.S. manufacturing production increases; headwinds growing
WASHINGTON (Reuters) – U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang Read More

Asia shares absorb Nvidia blow, sterling licks its wounds

17 hours ago DieselGasoil Comments Off on Asia shares absorb Nvidia blow, sterling licks its wounds
SYDNEY (Reuters) – Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from U.S. chipmaker Nvidia Corp which slugged the tech sector. An employee of a foreign exchange trading company works in front of monitors in Tokyo, Japan November 7, 2018. REUTERS/Toru Read More

Sterling reels on deepening Brexit crisis; yen gains

20 hours ago DieselGasoil Comments Off on Sterling reels on deepening Brexit crisis; yen gains
SINGAPORE (Reuters) – Investors in the British pound remained on edge in early Asian trade on Friday after the currency suffered a tumultuous slide overnight on fears the country could crash out of the European Union without a divorce deal. FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo Both the and the Read More