newszine

Recession obsession keeps the mood subdued

4 hours ago DieselGasoil Comments Off on Recession obsession keeps the mood subdued
LONDON (Reuters) – Calm returned to global markets on Tuesday as a steadier day for Europe and Asia’s bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, Read More

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

8 hours ago DieselGasoil Comments Off on Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East
SAN FRANCISCO (Reuters) – Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. The Uber Hub is seen in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson     Uber said late Monday night Read More

Asian shares edge up as U.S. bond yields come off late-2017 lows

11 hours ago DieselGasoil Comments Off on Asian shares edge up as U.S. bond yields come off late-2017 lows
TOKYO (Reuters) – Asian shares bounced back on Tuesday after two days of losses as U.S. 10-year Treasury yields edged higher, but the outlook remained murky as investors weighed the odds of whether the U.S. economy is in danger of slipping into recession. FILE PHOTO: A man is seen in front of an electronic board Read More

Vale reports Brazil state authorities freeze $765 million of its assets

13 hours ago DieselGasoil Comments Off on Vale reports Brazil state authorities freeze $765 million of its assets
FILE PHOTO: The logo of Vale SA is pictured in Rio de Janeiro, Brazil, August 7, 2017. REUTERS/Ricardo Moraes/File Photo RIO DE JANEIRO (Reuters) – Brazilian state prosecutors and public defenders in the state of Minas Gerais have won a bid to freeze assets worth 2.95 billion reais ($765 million) belonging to Vale, which has Read More

Asian shares shaky as U.S. bond yields hit lowest since late 2017

13 hours ago DieselGasoil Comments Off on Asian shares shaky as U.S. bond yields hit lowest since late 2017
TOKYO (Reuters) – Asian shares were shaky on Tuesday after U.S. Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a U.S. recession. FILE PHOTO: A man is seen in front of an electronic board showing stock information on the first day of trading in Read More

Ackman's fund zooms ahead as he casts himself as corporate helpmate

14 hours ago DieselGasoil Comments Off on Ackman's fund zooms ahead as he casts himself as corporate helpmate
BOSTON (Reuters) – For months, activist investor William Ackman promised to rebuild his record. Now he has some numbers to prove it. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Since Jan. 1, Read More

Expense report of the future reduces fraud and headaches

1 day ago DieselGasoil Comments Off on Expense report of the future reduces fraud and headaches
NEW YORK(Reuters) – It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. FILE PHOTO: A view inside the lobby of the Marriott Marquis hotel in Times Square in Read More

Positive German data tempers equity selloff, lifts bond yields

1 day ago DieselGasoil Comments Off on Positive German data tempers equity selloff, lifts bond yields
LONDON (Reuters) – World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 22, 2019. REUTERS/Staff The Ifo Read More

More floods loom as high river waters recede in Midwest

1 day ago DieselGasoil Comments Off on More floods loom as high river waters recede in Midwest
KANSAS CITY, Mo. (Reuters) – Record floods that submerged parts of three Midwestern states bringing death and destruction were retreating in Kansas City on Monday but icy tributaries in Montana and the Dakotas threatened more floods for weeks to come, the National Weather Service said. FILE PHOTO – The Kansas side of the Missouri River Read More

'Flashing amber': Global stocks tumble, bonds rally on U.S. recession risk

1 day ago DieselGasoil Comments Off on 'Flashing amber': Global stocks tumble, bonds rally on U.S. recession risk
SYDNEY (Reuters) – Investors ditched shares on Monday and fled to the safety of bonds as risk assets fell out of favor on growing fears of a U.S. recession, sending global yields plunging. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a Read More