newszine

China places first-time tariff on U.S. crude

8 mins ago DieselGasoil Comments Off on China places first-time tariff on U.S. crude
By Jessica Summers and Sheela Tobben on 8/23/2019 NEW YORK (Bloomberg) – Crude plunged to a two-week low after China announced tariffs on U.S. crude oil for the first time as the trade war between the world’s biggest economies escalated. Futures fell as much as 3.5% in New York on Friday, erasing this week’s gain. Read More

China to impose 5% tariff on US crude from Sep 1: State Council

38 mins ago DieselGasoil Comments Off on China to impose 5% tariff on US crude from Sep 1: State Council
Singapore — China’s plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limiting buying interest in US crude from Chinese refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Powell stops short of committing to rate cuts, and Trump fumes

38 mins ago DieselGasoil Comments Off on Powell stops short of committing to rate cuts, and Trump fumes
JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve will “act as appropriate” to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump. FILE PHOTO: Federal Reserve Chair Jerome Powell holds a news conference following Read More

Rising trade tensions revive bets on deep U.S. rate cut

1 hour ago DieselGasoil Comments Off on Rising trade tensions revive bets on deep U.S. rate cut
NEW YORK (Reuters) – U.S. interest rates futures rallied on Friday as rising trade tensions between China and the United States revived bets the Federal Reserve may lower key borrowing costs by a bold half-point next month. Earlier Friday, Beijing said it will impose a retaliatory tariffs on about $75 billion worth of U.S. goods Read More

Oil sinks as China places first-time tariff on U.S. crude

1 hour ago DieselGasoil Comments Off on Oil sinks as China places first-time tariff on U.S. crude
By Jessica Summers and Sheela Tobben on 8/23/2019 NEW YORK (Bloomberg) – Crude plunged to a two-week low after China announced tariffs on U.S. crude oil for the first time as the trade war between the world’s biggest economies escalated. Futures fell as much as 3.5% in New York on Friday, erasing this week’s gain. Read More

Powell’s speech support U.S. rate-cut bets

1 hour ago DieselGasoil Comments Off on Powell’s speech support U.S. rate-cut bets
NEW YORK (Reuters) – U.S. interest rates futures rose on Friday as Federal Reserve Chair Jerome Powell said the central bank will do what it can to preserve the longest U.S. economic expansion on record, supporting bets on a further decline in key borrowing costs. FILE PHOTO: A screen shows the numbers after the closing Read More

Powell: Fed to act as appropriate to keep expansion going

3 hours ago DieselGasoil Comments Off on Powell: Fed to act as appropriate to keep expansion going
(Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. FILE Read More

Powell says Fed will ‘act as appropriate’ but offers little more guidance

3 hours ago DieselGasoil Comments Off on Powell says Fed will ‘act as appropriate’ but offers little more guidance
JACKSON HOLE, Wyo. (Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting Read More

Wall St. opens lower on China tariff blow

4 hours ago DieselGasoil Comments Off on Wall St. opens lower on China tariff blow
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 13, 2019. REUTERS/Eduardo Munoz (Reuters) – Wall Street opened lower on Friday, as China revealed retaliatory tariffs against about $75 billion worth of U.S. goods that intensified trade tensions ahead of a much-anticipated speech by Federal Read More

Billionaire industrialist and conservative donor David Koch dies at age 79

4 hours ago DieselGasoil Comments Off on Billionaire industrialist and conservative donor David Koch dies at age 79
WASHINGTON (Reuters) – Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world’s richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday. FILE PHOTO: Businessman David Koch arrives at the Metropolitan Museum of Art Costume Read More