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Oil dives on fears of glut, global economic slowdown

55 mins ago DieselGasoil Comments Off on Oil dives on fears of glut, global economic slowdown
NEW YORK (Reuters) – Oil prices tumbled on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output hitting a market that may see weaker demand if global growth deteriorates as many expect. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, Read More

Oil drops on oversupply, equities sell-off

3 hours ago DieselGasoil Comments Off on Oil drops on oversupply, equities sell-off
LONDON (Reuters) – Oil prices fell on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets as the outlook for global growth deteriorated. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. Read More

Growth fears grip world markets ahead of Fed meeting

5 hours ago DieselGasoil Comments Off on Growth fears grip world markets ahead of Fed meeting
LONDON (Reuters) – World stock markets, the U.S. dollar and oil prices tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest rate hike of the year. FILE PHOTO: A man looks at an electronic stock quotation board Read More

China & Japan lead global dumping of US sovereign debt

6 hours ago DieselGasoil Comments Off on China & Japan lead global dumping of US sovereign debt
The two biggest foreign holders of America’s sovereign debt pared their holdings in October, according to the latest data released by the US Treasury Department. Foreign holdings of US Treasuries have fallen to a one year low. China’s holdings of notes, bills and bonds fell to $1.14 trillion in October compared to $1.15 trillion in Read More

Huawei to spend $2 billion over five years in cybersecurity push

7 hours ago DieselGasoil Comments Off on Huawei to spend $2 billion over five years in cybersecurity push
HONG KONG (Reuters) – Huawei Technologies on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear.The typically secretive Chinese technology giant made the comments at one of Read More

Coal in stocking: Markets on track for worst December since Great Depression

7 hours ago DieselGasoil Comments Off on Coal in stocking: Markets on track for worst December since Great Depression
Wall Street has suffered the worst start to December since 1980, with stocks showing no sign of recovery before the holidays. The Dow and the S&P 500 are heading toward their worst final month since the Great Depression. The Dow Jones Industrial Average lost has 507 points, closing more than two percent lower on Monday. Read More

Growth fears grip world stock markets before Fed meeting

8 hours ago DieselGasoil Comments Off on Growth fears grip world stock markets before Fed meeting
LONDON (Reuters) – World stock markets tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest-rate hike of the year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November Read More

Japan to get first aircraft carriers since World War II as part of record $242bn defense plan

9 hours ago DieselGasoil Comments Off on Japan to get first aircraft carriers since World War II as part of record $242bn defense plan
For the first time since World War II, Japan is seeking aircraft carriers to counter what it says is a growing threat from China. Tokyo also wants to purchase over 100 F-35s as part of a staggering $242-billion defense plan. Japan will spend the hefty sum on top-notch equipment between now and 2024, according to Read More

US protectionism leading global trade into ‘deep crisis’ – EU

9 hours ago DieselGasoil Comments Off on US protectionism leading global trade into ‘deep crisis’ – EU
The EU ambassador to the World Trade Organization (WTO) has lambasted Washington’s tariffs and protectionist trade policy. He called the US the “epicenter” of the crisis in the multilateral trading system. “The multilateral trading system is in a deep crisis and the United States is at its epicenter,” EU ambassador Marс Vanheukelen said on Monday Read More

Asia shares sink as global growth worries deepen

11 hours ago DieselGasoil Comments Off on Asia shares sink as global growth worries deepen
TOKYO (Reuters) – Asian share markets sank on Tuesday as heightened worries about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai MSCI’s broadest Read More