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Oil prices climb after tumble on hint markets stabilizing

24 mins ago DieselGasoil Comments Off on Oil prices climb after tumble on hint markets stabilizing
BEIJING/SINGAPORE (Reuters) – Oil prices rebounded on Wednesday after falling for the past three sesssions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilize. A worker fills a tank with subsidized fuel at a fuel station in Jakarta April Read More

SoftBank telco suffers rare Japan drop on debut after record IPO

24 mins ago DieselGasoil Comments Off on SoftBank telco suffers rare Japan drop on debut after record IPO
TOKYO (Reuters) – SoftBank Corp (9434.T) shares slumped more than 12 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei. SoftBank Corp. President and CEO Ken Miyauchi smiles as he rings Read More

Micron sales, profit miss estimates as chip glut hurts prices

2 hours ago DieselGasoil Comments Off on Micron sales, profit miss estimates as chip glut hurts prices
(Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening. Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at Read More

SoftBank Corp suffers rare Japan debut drop after record IPO

3 hours ago DieselGasoil Comments Off on SoftBank Corp suffers rare Japan debut drop after record IPO
TOKYO (Reuters) – SoftBank Corp (9434.T) shares slumped more than 10 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei. SoftBank Corp. President and CEO Ken Miyauchi smiles as he rings Read More

Asia tenses for Fed call, oil slide boosts bonds

3 hours ago DieselGasoil Comments Off on Asia tenses for Fed call, oil slide boosts bonds
SYDNEY (Reuters) – Asian share markets played second string to bonds on Wednesday as a spectacular fall in the price of oil spurred speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the session. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, Read More

Angry shareholders slap down National Australia Bank's executive pay plans

4 hours ago DieselGasoil Comments Off on Angry shareholders slap down National Australia Bank's executive pay plans
SYDNEY (Reuters) – National Australia Bank (NAB.AX) shareholders delivered an unprecedented protest vote against the lender’s executive remuneration plans on Wednesday, the latest display of investor disquiet over poor governance in the country’s financial sector. A man walks past ATM machines at a National Australia Bank branch in Sydney, Australia April 20, 2018. REUTERS/Edgar Su Read More

U.S. oil prices climb after tumble, but oversupply worries drag

4 hours ago DieselGasoil Comments Off on U.S. oil prices climb after tumble, but oversupply worries drag
BEIJING/SINGAPORE (Reuters) – U.S. oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pressure. A worker fills a tank with subsidized fuel at a fuel station in Jakarta April 18, 2013. REUTERS/Beawiharta Read More

Asia braces for Fed as plunge in oil boosts bonds

5 hours ago DieselGasoil Comments Off on Asia braces for Fed as plunge in oil boosts bonds
SYDNEY (Reuters) – Asian share markets played second fiddle to bonds on Wednesday as a spectacular fall in the price of oil fanned speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the day. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, Read More

Micron sales miss target as chip glut hurts prices

6 hours ago DieselGasoil Comments Off on Micron sales miss target as chip glut hurts prices
(Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) on Tuesday gave quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening. Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at Read More

Oil spirals below $47 as dark clouds envelop demand outlook

7 hours ago DieselGasoil Comments Off on Oil spirals below $47 as dark clouds envelop demand outlook
By Alex Nussbaum on 12/18/2018 NEW YORK (Bloomberg) — Economic jitters and surging supplies from the U.S. to Russia hammered oil again, with crude suffering its biggest decline in more than three weeks. Futures slid 7.3% in New York on Tuesday, putting prices on track for their worst quarterly loss since the start of the Read More