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China second quarter GDP growth slows to 27-year low, more stimulus expected

1 hour ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low, more stimulus expected
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

Asian shares pull ahead after encouraging Chinese data

2 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

5 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

Colombia puts some banana crops in quarantine on fungus concern

7 hours ago DieselGasoil Comments Off on Colombia puts some banana crops in quarantine on fungus concern
BOGOTA (Reuters) – Colombia has put a patch of banana crops in the north of the country under quarantine on suspicion they are infested with a fungus that is seen as potentially devastating to the country’s banana exports, the agriculture minister said on Sunday. FILE PHOTO: A man works on a banana farm in Carepa, Read More

EU to cut flow of funds to Turkey as drilling spat heats up

8 hours ago DieselGasoil Comments Off on EU to cut flow of funds to Turkey as drilling spat heats up
By Nikos Chrysoloras on 7/14/2019 BRUSSELS (Bloomberg) — The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean. EU diplomats have agreed on the Read More

‘Bad reaction to a bad decision’: French FM upset with Iran’s uranium enrichment, fears war with US

10 hours ago DieselGasoil Comments Off on ‘Bad reaction to a bad decision’: French FM upset with Iran’s uranium enrichment, fears war with US
The US was wrong to withdraw from the Iranian nuclear deal, but Tehran’s response, to enrich uranium beyond the limits set in the accord, is a path to war, French foreign minister Jean-Yves Le Drian has said. “The situation is serious. The rise of tensions could lead to accidents” between the US and Iran, Le Read More

Turkey receives more S-400 parts as US holds off retaliation ‘until after coup attempt anniversary’

1 day ago DieselGasoil Comments Off on Turkey receives more S-400 parts as US holds off retaliation ‘until after coup attempt anniversary’
Additional S-400 air defense components have arrived in Turkey, as Washington remains unusually silent while reportedly contemplating the proper timing and degree of pain it wants to inflict on its NATO ally for disobedience. An Ilyushin Il-76 cargo plane landed at Murted Turkish Air Force base just outside Ankara on Saturday with the latest batch Read More

‘Round up’ some Italians & jail them for life – Ukrainian MP after sentencing of pro-Kiev fighter

2 days ago DieselGasoil Comments Off on ‘Round up’ some Italians & jail them for life – Ukrainian MP after sentencing of pro-Kiev fighter
A harsher than expected sentencing by an Italian court of a Ukrainian-born trooper was met with outrage by Ukrainian nationalists. One MP even suggested taking a dozen Italian nationals hostage in response. On Friday, an Italian court in Pavia passed its judgment in the high-profile case of Vitaly Markiv. He was found responsible for the Read More

China plans to toughen emission checks on steel mills

2 days ago DieselGasoil Comments Off on China plans to toughen emission checks on steel mills
BEIJING (Reuters) – China will continue to enforce production restrictions in heavy industry in winter this year and will tighten its emission assessment on steel mills when granting exemptions from curbs already in place, an environment ministry official said on Saturday. FILE PHOTO: A worker is seen at the workshop of a steel mill in Read More

California governor signs bill for $21 billion wildfire fund

2 days ago DieselGasoil Comments Off on California governor signs bill for $21 billion wildfire fund
SAN FRANCISCO (Reuters) – California Governor Gavin Newsom on Friday signed a bill approved by lawmakers a day earlier that creates a $21 billion fund to help bankrupt PG&E Corp and the state’s other investor-owned utilities cover liabilities arising from future wildfires caused by their equipment. FILE PHOTO: A lineman from Pacific Gas & Electric Read More