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Exclusive: Investors with $34 trillion demand urgent climate change action

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LONDON (Reuters) – Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week. FILE PHOTO: A commuter walks along Waterloo Bridge, which is being blocked by climate change activists, Read More

Wall Street sinks as hopes fade for rate cuts, trade progress

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NEW YORK (Reuters) – Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates. FILE PHOTO: Traders work on the Read More

FedEx warns 2020 results to be hurt by trade war, shares fall 2%

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FILE PHOTO: A Federal Express truck on delivery is pictured in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake (Reuters) – Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract, sending its Read More

Gold soars to six-year high, stocks slide after Powell speech

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NEW YORK (Reuters) – Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty that the Federal Reserve will cut interest rates in July as has been expected. FILE PHOTO: Traders work on the main trading floor after the opening bell at Read More

Latest US tariff threat would hurt US oil, gas output: API

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Highlights US depends on China for key drilling fluid component API says US energy security at stake in trade dispute US Q1 crude flows to China shrink to 6,991 b/d Washington — The latest US tariffs threatened against Chinese imports would hamper US energy exports, hurt domestic energy security, and push China to import more Read More

Wall Street drops on trade worries, Fed Chair Powell’s speech

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NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates. FILE PHOTO: Traders work on the floor at the New York Read More

Fire at chemical plant in southern Spain causes huge cloud of smoke

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SAN ROQUE, SPAIN (Reuters) – A giant cloud of smoke rose over the town of San Roque near Gibraltar in southern Spain on Tuesday following a fire at a chemical factory in a nearby industrial estate. Emergency services said the fire was under control by Tuesday afternoon. The Guadarranque industrial estate where the factory is Read More

Wall St. sinks on trade jitters ahead of Powell speech

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NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

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

8 hours ago DieselGasoil Comments Off on Gold soars to six-year high as trade, as Iran tensions mount
NEW YORK (Reuters) – Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar. FILE PHOTO: Traders work on the main trading floor after the Read More

Infrastructure Networks, Machfu partner to deliver data solutions to the oil field

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6/25/2019 HOUSTON — Infrastructure Networks, Inc. and Machfu have announced that they have entered into a strategic partnership to help oil and gas companies improve the performance of their existing assets by easily connecting them to new cloud solutions. INET will sell, supply and service Machfu solutions, delivered over INET’s wireless platform. Machfu will utilize Read More