newszine

Take Five: Fed in a hole

10 hours ago DieselGasoil Comments Off on Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/FED IN A HOLE On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s Read More

Dollar firms, global stocks soar on ECB rate cut expectations

12 hours ago DieselGasoil Comments Off on Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the Read More

Dollar firms, stocks soar on ECB rate cut expectations

16 hours ago DieselGasoil Comments Off on Dollar firms, stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption. Benchmark U.S. Treasury yields rose from three-year lows but government bond yields Read More

Refinery news roundup: Africa launches come into focus

20 hours ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Genetic study implicates humans in demise of prehistoric cave bear

2 days ago DieselGasoil Comments Off on Genetic study implicates humans in demise of prehistoric cave bear
WASHINGTON (Reuters) – Genetic research that reconstructed the past population dynamics of the cave bear, a prominent prehistoric denizen of Europe, implicates Homo sapiens rather than climate cooling in the Ice Age extinction of these brawny plant-loving beasts. The skull of an extinct cave bear from the Natural History Museum in Belgrade, Serbia, is seen Read More

Stocks, oil plunge on growing signs of global slowdown

3 days ago DieselGasoil Comments Off on Stocks, oil plunge on growing signs of global slowdown
NEW YORK (Reuters) – Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany’s economy in contraction and China’s worsening. Yields on two-year U.S. Treasury notes rose above the 10-year yield for the Read More

Fire resurges on Greece’s Evia, challenges firefighters

3 days ago DieselGasoil Comments Off on Fire resurges on Greece’s Evia, challenges firefighters
ATHENS (Reuters) – Aircraft and firefighters on the ground fought a blaze that burned large tracts of pristine pine forest on the Greek island of Evia on Wednesday as the wildfire flared up again at different spots. A firefighting helicopter makes a water drop as a wildfire burns in the village of Makrimalli on the Read More

Officials blamed for bridge collapse told to leave memorial service

3 days ago DieselGasoil Comments Off on Officials blamed for bridge collapse told to leave memorial service
Motorway executives attending a ceremony to remember victims of a major bridge collapse were told to leave after grieving relatives asked the Italian prime minister to intervene. A service was held in Genoa marking one year since 43 people were killed in the Morandi Bridge disaster. Top executives for the country’s biggest motorway operator Atlantia Read More

One year after Genoa tragedy: Are Europe’s bridges any safer?

3 days ago DieselGasoil Comments Off on One year after Genoa tragedy: Are Europe’s bridges any safer?
Italy is commemorating one year since the Morandi Bridge in Genoa collapsed and killed 43 people. The incident raised many questions about the crumbling European infrastructure, but did it spur swift action? Millions of people cross them without thought every single day, but there are tens of thousands of bridges in Europe that have been Read More

Stocks wilt as bond markets flash recession warnings

3 days ago DieselGasoil Comments Off on Stocks wilt as bond markets flash recession warnings
LONDON (Reuters) – Stock markets slumped on Wednesday as Germany’s economy went into reverse, fuelling fears of global recession and slamming the brakes on a rally for equities after Washington delayed tariffs on some Chinese imports. FILE PHOTO: Traders sit at their desks in front of the DAX board at the Frankfurt stock exchange, Germany Read More