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Russia, Saudi Arabia in talks on new oil, gas, petchems, nuclear cooperation

5 hours ago DieselGasoil Comments Off on Russia, Saudi Arabia in talks on new oil, gas, petchems, nuclear cooperation
Moscow — Russian and Saudi Arabian companies are considering expanding existing energy cooperation to include new joint oil and gas, petchems and nuclear projects, Russian news agency RIA Novosti reported Monday, citing a protocol signed at the end of the last meeting of the intergovernmental commission in mid-June. Not registered? Receive daily email alerts, subscriber Read More

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

13 hours ago DieselGasoil Comments Off on Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows
FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar/File Photo LONDON (Reuters) – Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting Read More

Asian shares pull ahead after encouraging Chinese data

18 hours ago DieselGasoil Comments Off on Asian shares pull ahead after encouraging Chinese data
SYDNEY (Reuters) – Asian shares advanced on Monday as investors breathed a sigh of relief after encouraging Chinese data suggested the world’s second-biggest economy may be starting to stabilize thanks to ramped-up stimulus from Beijing. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China May 6, 2019. REUTERS/Aly Read More

Asian shares, dollar brace for China GDP

21 hours ago DieselGasoil Comments Off on Asian shares, dollar brace for China GDP
SYDNEY (Reuters) – Asian shares started the week on a softer note on Monday after posting their first weekly decline since early June, while the dollar was on the defensive ahead of key economic data from China. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China May 6, Read More

Heavy rain and floods in India’s Assam kill at least 10 and displace more than 1 million

2 days ago DieselGasoil Comments Off on Heavy rain and floods in India’s Assam kill at least 10 and displace more than 1 million
GUWAHATI, India (Reuters) – Heavy monsoon rains in India’s northeast Assam state displaced more than a million people from their homes and flash floods killed at least 10 in the past 72 hours, state authorities said on Saturday, warning the situation could worsen in coming days. FILE PHOTO: Girls row a makeshift raft past submerged Read More

Wall Street stocks climb, dollar drops on rate-cut optimism

3 days ago DieselGasoil Comments Off on Wall Street stocks climb, dollar drops on rate-cut optimism
NEW YORK (Reuters) – Wall Street stocks closed higher and the dollar fell on Friday as investors prepared for a U.S. interest-rate cut, while oil futures were little changed as a forecast for a global crude surplus offset worries about U.S. output declines due to a tropical storm. Traders work on the floor of the Read More

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

3 days ago DieselGasoil Comments Off on U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML
LONDON (Reuters) – Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America Merrill Lynch said on Friday, as markets tried to weigh hopes for major central bank stimulus against economic woes. Bond funds raked in $9.6 billion in their 27th week of Read More

China considers limited support for petrol-electric hybrids in boon for Toyota, Honda

4 days ago DieselGasoil Comments Off on China considers limited support for petrol-electric hybrids in boon for Toyota, Honda
BEIJING (Reuters) – China is considering re-classifying petrol-electric hybrid vehicles so they get more favorable treatment than all-petrol or diesel (gasoil) counterparts under clean car rules, making it easier for automakers to meet environment quotas and offer more choice. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Read More

World stocks rise as bond yields buoy financials; oil drops

4 days 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