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China's December property investment slows in sign of fatigue for key GDP driver

39 mins ago DieselGasoil Comments Off on China's December property investment slows in sign of fatigue for key GDP driver
BEIJING (Reuters) – growth in property investment in China cooled to the second slowest pace in 2018 in December, adding to signs of a further slackening in the real estate market in a blow to a key driver economic growth. An uncompleted building is seen next to the Fourth Ring Road in Beijing, China July Read More

China's economy cools in the fourth quarter, 2018 growth hits 28-year low

39 mins ago DieselGasoil Comments Off on China's economy cools in the fourth quarter, 2018 growth hits 28-year low
BEIJING (Reuters) – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s central business Read More

Oil firms as China's slowdown not as steep as some expected

39 mins ago DieselGasoil Comments Off on Oil firms as China's slowdown not as steep as some expected
SINGAPORE (Reuters) – Oil prices firmed on Monday after data showed China’s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Read More

International worries as China's consumption and economy slows

1 hour ago DieselGasoil Comments Off on International worries as China's consumption and economy slows
Picture China’s economy and you might be thinking of massive factories, gigantic airports or train stations built from scratch in 24 hours. For another view, you could follow Xu Liqiang as he threads the streets of Beijing in a beaten-up tuk-tuk (motorised rickshaw). Xu is 21 years old and a “kuaidi” (express delivery) driver. Each Read More

Oil dips as China's economy slows but OPEC-led cuts support

2 hours ago DieselGasoil Comments Off on Oil dips as China's economy slows but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan Read More

Oil dips on weak economic outlook, but OPEC-led cuts support

3 hours ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Read More

Oil gloom turns to boom as China, Fed allay worst fears

4 hours ago DieselGasoil Comments Off on Oil gloom turns to boom as China, Fed allay worst fears
By Carlos Caminada and Alex Nussbaum on 1/20/2019 Photo: Federal Reserve Bank of New York CALGARY and NEW YORK (Bloomberg) — Investors are the most optimistic on oil in two months as the worst fears that roiled markets at the end of the year start to dissipate. Hedge funds boosted their net wagers on rising Read More

Italy regulator gives TIM's network separation plan thumbs down

13 hours ago DieselGasoil Comments Off on Italy regulator gives TIM's network separation plan thumbs down
ROME (Reuters) – Telecom Italia (TIM) (TLIT.MI) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets by placing them into a wholly owned subsidiary, as the industry regulator said it was opposed to the proposal. FILE PHOTO: Telecom Italia’s new logo of the TIM brand seen Read More

Toyota, Panasonic to set up EV battery JV in 2020: source

20 hours ago DieselGasoil Comments Off on Toyota, Panasonic to set up EV battery JV in 2020: source
TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said. Toyota Motor Corp President Akio Toyoda (L) and Panasonic Corp President Kazuhiro Tsuga Read More

Economic boom for whom? Keiser Report examines America’s disappearing middle class

20 hours ago DieselGasoil Comments Off on Economic boom for whom? Keiser Report examines America’s disappearing middle class
The US economy is booming – but fewer and fewer are reaping the benefits. The Keiser Report crunched the numbers behind America’s dwindling middle class, and warned that the country’s young are in for a rough, debt-ridden future. As Democrats and Republicans squabble over who deserves credit for the thriving stock market, the sobering reality Read More