newszine

From oil shocks to funding strains, Fed confronts new complexities

4 days ago DieselGasoil Comments Off on From oil shocks to funding strains, Fed confronts new complexities
WASHINGTON (Reuters) – The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own. Despite divisions about whether a Read More

DoubleLine’s Gundlach says U.S. Fed will embark on ‘QE lite’ ‘pretty soon’

5 days ago DieselGasoil Comments Off on DoubleLine’s Gundlach says U.S. Fed will embark on ‘QE lite’ ‘pretty soon’
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that the repo market squeeze makes it more likely that the Federal Reserve will resume expansion of its Read More

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

5 days ago DieselGasoil Comments Off on Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it
FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession forecast model showed a 58% Read More

Wall Street rises as oil fears recede, market awaits Fed

5 days ago DieselGasoil Comments Off on Wall Street rises as oil fears recede, market awaits Fed
(Reuters) – Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid Stocks Read More

Wall Street mixed as investors await interest rate cut

5 days ago DieselGasoil Comments Off on Wall Street mixed as investors await interest rate cut
(Reuters) – Wall Street was mixed on Tuesday as investors awaited a widely expected Fed interest rate cut on Wednesday, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid Equity Read More

Wall Street subdued as focus shifts to Fed

5 days ago DieselGasoil Comments Off on Wall Street subdued as focus shifts to Fed
(Reuters) – U.S. stocks were modestly lower on Tuesday as investors moved to the sidelines ahead of the Federal Reserve’s two-day policy meeting, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. Read More

Divided Fed set to cut interest rates this week, but then what?

5 days ago DieselGasoil Comments Off on Divided Fed set to cut interest rates this week, but then what?
SAN FRANCISCO (Reuters) – Deep disagreements within the Federal Reserve over the economic outlook and how the U.S. central bank should respond will not stop policymakers from cutting interest rates at a two-day meeting that begins on Tuesday. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Read More

The only candidate wins! EU lawmakers pick Christine Lagarde to head European Central Bank

5 days ago DieselGasoil Comments Off on The only candidate wins! EU lawmakers pick Christine Lagarde to head European Central Bank
Former IMF chief Christine Lagarde is set to become the first female president of the European Central Bank. The European Parliament chose her with no other contender for the job. Lagarde won a comfortable majority of 394 votes, while 206 European legislators voted against her and 49 abstained during the parliament’s plenary meeting in Strasbourg Read More

Equinor ASA: Notifiable trading

5 days ago DieselGasoil Comments Off on Equinor ASA: Notifiable trading
The following primary insiders have on 17 September 2019 acquired shares in Equinor ASA (OSE: EQNR, NYSE: EQNR) at a share price of NOK 184.14 in connection with the company’s long-term incentive programme. The long-term incentive programme is a fixed, monetary compensation calculated as a portion of the participant’s base salary; ranging from 20-30 per Read More

Currency provision won’t be in Japan-U.S. trade deal: Aso

6 days ago DieselGasoil Comments Off on Currency provision won’t be in Japan-U.S. trade deal: Aso
FILE PHOTO: Japanese Finance Minster Taro Aso leaves the G-20 Finance Ministers and Central Bank Governors’ meeting at the IMF and World Bank’s 2019 Annual Spring Meetings, in Washington, April 12, 2019. REUTERS/James Lawler Duggan TOKYO (Reuters) – Japanese finance minister Taro Aso said on Tuesday that a currency provision won’t be included in a Read More