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

7 hours 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

Rwanda’s rhino population grows, tourists expected to increase

8 hours ago DieselGasoil Comments Off on Rwanda’s rhino population grows, tourists expected to increase
KIGALI (Reuters) – Rhino keepers who successfully delivered five endangered black rhinos to Rwanda spent months hugging and coddling them inside their transport boxes to prepare them for the journey, a rhino handler told Reuters as the animals were freed on Monday. A black rhinoceros, that was shipped to Rwanda from Zoo Safari Park Dvur Read More

Analysis: China gasoline exports to rebound in June on new quota, oversupply

9 hours ago DieselGasoil Comments Off on Analysis: China gasoline exports to rebound in June on new quota, oversupply
Singapore — China gasoline exports in May fell 42.4% year on year and 27.6% from the previous month to 850,000 mt, but market sources expected volumes to rebound in June after export quota allocations mid-May and amid an oversupply in the domestic market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

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

10 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

Fund supermarket Allfunds bulks up with Credit Suisse deal

11 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

Oil prices in balance between demand worries, U.S.-Iran tensions

11 hours ago DieselGasoil Comments Off on Oil prices in balance between demand worries, U.S.-Iran tensions
LONDON (Reuters) – Oil prices hung in the balance on Tuesday as concerns over declining crude demand were offset by risks to supply linked to new U.S. sanctions on Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, Read More

Trade stress, Iran tensions hits stocks, dollar frets on Fed doves

11 hours ago DieselGasoil Comments Off on Trade stress, Iran tensions hits stocks, dollar frets on Fed doves
LONDON (Reuters) – European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the Federal Reserve inflated gold to six-year highs and stoked demand for safe-harbor currencies like the yen and Swiss franc. FILE PHOTO: An investor watches stock prices at a brokerage office in Read More

Credit Suisse combines unit InvestLab with Spain’s Allfunds

15 hours ago DieselGasoil Comments Off on Credit Suisse combines unit InvestLab with Spain’s Allfunds
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse ZURICH (Reuters) – Swiss bank Credit Suisse said on Tuesday it has combined its open-architecture business-to-business investment fund platform – Credit Suisse InvestLab – with Spain-based funds solutions provider Allfunds Group. Credit Suisse will take an Read More

Oil prices drop amid demand worries, but U.S.-Iran tensions support

17 hours ago DieselGasoil Comments Off on Oil prices drop amid demand worries, but U.S.-Iran tensions support
TOKYO (Reuters) – Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture Read More