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Fed officials say trade tensions could threaten growth

17 hours ago DieselGasoil Comments Off on Fed officials say trade tensions could threaten growth
(Reuters) – The recent ratcheting up of U.S.-China trade tensions is creating uncertainties for businesses and could threaten economic growth, four Federal Reserve policymakers said on Thursday. Richmond Fed President Thomas Barkin (L), San Francisco Fed President Mary Daly, Atlanta Fed President Raphael Bostic (2nd R) and Dallas Fed President Robert Kaplan (R) sit together Read More

Who will cash in on US trade wars & how to get around the tariffs? RT’s Boom Bust has the answer

24 hours ago DieselGasoil Comments Off on Who will cash in on US trade wars & how to get around the tariffs? RT’s Boom Bust has the answer
While the trade dispute between the US and China is leaving scores of companies in a state of confusion and uncertainty, some beneficiaries are emerging. RT’s Boom Bust talked to Richard Wolff, a professor emeritus of economics at the University of Massachusetts, to find out which nations may capitalize on the trade turmoil, and if Read More

Investor group to place $10 billion bet on East Med gas

1 day ago DieselGasoil Comments Off on Investor group to place $10 billion bet on East Med gas
By Yaacov Benmeleh on 5/23/2019 TEL AVIV (Bloomberg) — A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock hundreds of billions of dollars of sales stymied by the political and industrial complexities of the region. Cynergy Group, an investment firm based in Cyprus, Read More

Italian political faction seeks to end ban on offshore exploration

1 day ago DieselGasoil Comments Off on Italian political faction seeks to end ban on offshore exploration
By John Follain and Chiara Albanese on 5/23/2019 ROME (Bloomberg) — Matteo Salvini’s League is seeking to overturn a temporary ban on oil and gas exploration off sections of Italy’s coast, opening a new front in the rightist party’s ongoing skirmish with its populist coalition partner. The League’s Laura Cavandoli, secretary of the lower house Read More

Uber and Lyft to turn the wheels on car ownership: industry experts

2 days ago DieselGasoil Comments Off on Uber and Lyft to turn the wheels on car ownership: industry experts
TORONTO (Reuters) – Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi Read More

In Fed policy review, labor may finally win out over inflation

2 days ago DieselGasoil Comments Off on In Fed policy review, labor may finally win out over inflation
MINNEAPOLIS (Reuters) – At 2.3 percent, Minneapolis’ jobless rate seems impossibly low, even with national unemployment at a 50-year trough. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo But that doesn’t mean full employment in North Minneapolis, where job advocate Tony Tolliver said half of Read More

U.S. senators urge Volkswagen to end delay in Tennessee union vote

3 days ago DieselGasoil Comments Off on U.S. senators urge Volkswagen to end delay in Tennessee union vote
WASHINGTON (Reuters) – Three Democratic U.S. senators on Tuesday questioned a decision by Volkswagen AG’s U.S. unit to delay a union election for workers at its Tennessee assembly plant. The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. Volkswagen told NHTSA that it would recall about 92,000 vehicles, which are some 2015 and Read More