newszine

Out of the shadows: Australia’s finance regulator told to be more ‘forceful’

4 days ago DieselGasoil Comments Off on Out of the shadows: Australia’s finance regulator told to be more ‘forceful’
SYDNEY (Reuters) – Australia’s prudential regulator should become less “discreet” and be given more power, including the ability to veto corporate boardroom hires, a government report said, in a sign oversight bodies are being dragged into a banking sector clean-up. The Australian Prudential Regulation Authority (APRA) may need more resources and an expanded armory of Read More

Britain raises Gulf shipping threat to highest level possible

1 week ago DieselGasoil Comments Off on Britain raises Gulf shipping threat to highest level possible
By Alex Longley, Firat Kayakiran and Tim Ross on 7/12/2019 LONDON (Bloomberg) — Britain raised the threat level to the highest possible for ships operating in the Persian Gulf as tensions escalate in a region accounting for a third of seaborne petroleum trade. The UK government designated the region a level-3 risk on Tuesday, a Read More

S&P 500, Dow climb as health insurers, financials gain

1 week ago DieselGasoil Comments Off on S&P 500, Dow climb as health insurers, financials gain
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – The Dow and S&P 500 rose on Thursday to close at record highs as health insurers gained after the Trump administration scrapped a plan designed to rein in prescription drug Read More

World stocks rise as bond yields buoy financials; oil drops

1 week ago DieselGasoil Comments Off on World stocks rise as bond yields buoy financials; oil drops
NEW YORK (Reuters) – A broad index of stocks around the world rose on Thursday as financial shares helped Wall Street’s benchmark index advance, while oil prices fell on a forecast for weaker demand. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. Read More

S&P 500 near flat as healthcare in spotlight

1 week ago DieselGasoil Comments Off on S&P 500 near flat as healthcare in spotlight
NEW YORK (Reuters) – The S&P 500 was little changed in afternoon trading on Thursday, with healthcare stocks mixed after the Trump administration withdrew a rule that would kill rebates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Shares of pharmacy benefit Read More

Dow tops 27,000, healthcare in spotlight after Trump’s decision on rebate

1 week ago DieselGasoil Comments Off on Dow tops 27,000, healthcare in spotlight after Trump’s decision on rebate
(Reuters) – U.S. stocks edged higher on Thursday on improved bets of an interest rate cut following Fed chief Jerome Powell’s dovish remarks, while healthcare stocks were mixed after the Trump administration withdrew a rule that would kill rebates. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Dow tops 27,000 as Trump’s decision on rebate boosts healthcare

1 week ago DieselGasoil Comments Off on Dow tops 27,000 as Trump’s decision on rebate boosts healthcare
(Reuters) – The Dow Industrials crossed 27,000 points for the first time and the S&P 500 was near record highs on Thursday, lifted by technology and healthcare stocks and raised bets of an interest rate cut following Fed chief Jerome Powell’s dovish remarks. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Middle East oil tanker insurance rates soar 10-fold since attacks in Strait of Hormuz

1 week ago DieselGasoil Comments Off on Middle East oil tanker insurance rates soar 10-fold since attacks in Strait of Hormuz
Insurance rates for tankers going through the Strait of Hormuz have skyrocketed tenfold in the two months since the first attacks on tankers off the coast of the UAE, CNBC reports, quoting a chief executive of a shipping company. The news could reinforce anticipation of higher oil prices, not because of fundamental factors but because Read More

Reinsurance hedge fund Tangency Capital raises further $165 million

2 weeks ago DieselGasoil Comments Off on Reinsurance hedge fund Tangency Capital raises further $165 million
LONDON (Reuters) – Hedge fund Tangency Capital has raised a further $165 million to invest in the property reinsurance market, bringing its size to $265 million as the hurricane season gets under way, one of its co-founders told Reuters on Wednesday. Insured losses from natural catastrophes totaled more than $200 billion in the past two Read More

Resurgent health insurer stocks face test at Democratic debates

3 weeks ago DieselGasoil Comments Off on Resurgent health insurer stocks face test at Democratic debates
NEW YORK (Reuters) – Shares of U.S. health insurers that have rebounded in the past two months could come under pressure this week as Democrats square off in their first presidential debates, with healthcare policy reform potentially high on the agenda. Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More