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Wall Street set to bounce after turbulent week

19 hours ago DieselGasoil Comments Off on Wall Street set to bounce after turbulent week
(Reuters) – Hopes of more official stimulus for the economy and the easing of a bond market rally put Wall Street on track to open sharply higher on Friday, as a bruising week for markets drew to a close. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

Futures climb on stimulus hopes, Nvidia results

20 hours ago DieselGasoil Comments Off on Futures climb on stimulus hopes, Nvidia results
(Reuters) – U.S. stock index futures rose 1% on Friday, as hopes of more stimulus from central banks helped lift some gloom in what has been a turbulent week for markets. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz The Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

23 hours ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

TransGlobe Energy Corporation Announces an Update to a Significant Shareholder

1 day ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces an Update to a Significant Shareholder
CALGARY, Alberta, Aug. 16, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) understands that as of August 14, 2019, Morgan Stanley, through various funds, individuals and/or institutional clients of the foregoing, beneficially own an aggregate interest in 5,006,884 common shares of the Company, which represents Read More

Global stocks routed, oil sinks as bond markets flash recession warning

2 days ago DieselGasoil Comments Off on Global stocks routed, oil sinks as bond markets flash recession warning
TOKYO (Reuters) – Global stocks crumbled and oil prices extended a punishing sell-off on Thursday as an inverted U.S. bond yield curve intensified fears about a world recession. FILE PHOTO: A man uses a mobile phone in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October 12, 2018. Read More

WeWork to test IPO investor appetite with widening losses

3 days ago DieselGasoil Comments Off on WeWork to test IPO investor appetite with widening losses
(Reuters) – WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month. The IPO, which could raise several billion dollars, will be a key test of investor appetite for fast-growing, Read More

US stocks crash after bond market flashes strong recession warning

3 days ago DieselGasoil Comments Off on US stocks crash after bond market flashes strong recession warning
US markets opened in the red on Wednesday, with the Dow Jones Industrial Average losing more than 400 points, after the US bond market sparked new fears about a looming recession. After Tuesday’s gains on the decision to postpone tariffs on Chinese imports, US stocks saw another huge selloff. The Dow was down around 1.5 Read More