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New North American trade deal modestly boosts U.S. economy, trade panel finds

11 hours ago DieselGasoil Comments Off on New North American trade deal modestly boosts U.S. economy, trade panel finds
WASHINGTON (Reuters) – The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. FILE PHOTO: U.S. President Donald Trump, Canada’s Prime Minister Justin Trudeau Read More

Wall Street closes slightly higher, industrials lead

13 hours ago DieselGasoil Comments Off on Wall Street closes slightly higher, industrials lead
NEW YORK (Reuters) – Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust U.S. economic data and some healthy corporate earnings reports. All three major U.S. stock indexes closed in positive territory heading into the three-day weekend. For the holiday-shortened week, the S&P snapped its three-week winning streak, while the Read More

Wall Street gains on positive earnings, upbeat data

15 hours ago DieselGasoil Comments Off on Wall Street gains on positive earnings, upbeat data
NEW YORK (Reuters) – Industrials led Wall Street higher on Thursday in the wake of upbeat economic data and a string of healthy corporate earnings. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid All three major U.S. stock indexes nosed into Read More

ONGC places India on world map of heavy oil polymer flooding

15 hours ago DieselGasoil Comments Off on ONGC places India on world map of heavy oil polymer flooding
4/18/2019 Photo: ONGC container-based polymer dispersion unit with maturation tank (right) and polymer injection pumps with manifold (left). NEW DELHI — Significant oil recovery has been obtained by a pilot in ONGC Becharji heavy oil field in North Gujarat, which was first put on production in July 1988. ONGC is going to commercialize this on Read More

U.S. lawmakers to get long-awaited analysis of new NAFTA deal

15 hours ago DieselGasoil Comments Off on U.S. lawmakers to get long-awaited analysis of new NAFTA deal
(Reuters) – U.S. lawmakers and economists are awaiting a key analysis of the economic impacts of the new North American trade deal, expected to be published late on Thursday and to show minimal gains at best for the United States. FILE PHOTO: Flags are pictured during the fifth round of NAFTA talks involving the United Read More

Stocks mixed as strong U.S. retail sales offsets weak European manufacturing data

15 hours ago DieselGasoil Comments Off on Stocks mixed as strong U.S. retail sales offsets weak European manufacturing data
NEW YORK (Reuters) – A gauge of global stocks fell on Thursday after underwhelming manufacturing surveys from Asia and Europe, though they pared losses as Wall Street edged higher on strong U.S. retail sales data and earnings from industrial companies. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Read More

Pinterest’s shares surge 25 percent in debut

16 hours ago DieselGasoil Comments Off on Pinterest’s shares surge 25 percent in debut
(Reuters) – Shares of Pinterest Inc surged 25 percent in their debut on Thursday, giving the online scrapbook company a market capitalization of $15.8 billion and signalling increased investor appetite for new tech listings. The successful debut bodes well for the U.S. IPO market as it readies for the much-awaited listing of ride-hailing giant Uber Read More

Union Pacific operational overhaul gains traction, shares rise

17 hours ago DieselGasoil Comments Off on Union Pacific operational overhaul gains traction, shares rise
(Reuters) – U.S. railroad operator Union Pacific Corp on Thursday reported better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest. FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Read More

Collapsed hedge fund Columna sues Permira-backed former managers

21 hours ago DieselGasoil Comments Off on Collapsed hedge fund Columna sues Permira-backed former managers
LONDON (Reuters) – The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for $56 million in lost assets and fees. Columna, launched in 2013, was a top-performing fund in a stable known as LFP I SICAV, Read More

Poor PMIs wipe week’s gains off global shares

22 hours ago DieselGasoil Comments Off on Poor PMIs wipe week’s gains off global shares
LONDON (Reuters) – Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a widespread slowdown in growth, adding to profit-taking ahead of the long Easter weekend. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Read More