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Past-due student loans, credit card debt could weigh on U.S. growth

6 days ago DieselGasoil Comments Off on Past-due student loans, credit card debt could weigh on U.S. growth
NEW YORK (Reuters) – More people in the United States appear to be struggling to keep up with their credit card and student loan debt, which could put pressure on one of the strongest drivers of economic growth. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. Read More

Asian shares turn lower on Sino-U.S. trade, recession worries

1 week ago DieselGasoil Comments Off on Asian shares turn lower on Sino-U.S. trade, recession worries
SHANGHAI (Reuters) – Worries that a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession weighed on Asian equities on Monday, offsetting a welcome a lift from Chinese shares and a stronger-than-expected daily fixing for the yuan. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Read More

Asian shares inch up on China recovery, yuan fixing

1 week ago DieselGasoil Comments Off on Asian shares inch up on China recovery, yuan fixing
SHANGHAI (Reuters) – Gains by Chinese equities and the yuan’s stronger-than-expected daily fixing helped lift a broad gauge of Asian shares above water on Monday, but firm gold prices underscored investor worries over risks from a prolonged Sino-U.S. trade war. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Read More

Ultra Petroleum Corp. Announces Second Quarter 2019 Results Outperforming Guidance on Production and Controllable Cash Costs and Provides Operations Update with Decision to Reduce Capital Expenditures by Reducing Activity to a Single Operated Drilling Rig

1 week ago DieselGasoil Comments Off on Ultra Petroleum Corp. Announces Second Quarter 2019 Results Outperforming Guidance on Production and Controllable Cash Costs and Provides Operations Update with Decision to Reduce Capital Expenditures by Reducing Activity to a Single Operated Drilling Rig
ENGLEWOOD, Colo., Aug. 09, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (OTCQX: UPLC) announces financial and operating results for the quarter ended June 30, 2019. Financial and Operating Highlights: Second quarter production was 62.5 billion cubic feet equivalent (“Bcfe”), above guidance, The Company brought 26 gross (26.0 net) operated vertical Read More

India PM defends Kashmir action amid ‘Armageddon’ warning

2 weeks ago DieselGasoil Comments Off on India PM defends Kashmir action amid ‘Armageddon’ warning
By Alex Crawford, special correspondent, in Islamabad The Indian prime minister has given his justification for ditching Kashmir’s special status in a stirring address on national TV and online. Incorporating a message of hope, aspiration, political and social growth, Narendra Modi said he had made an “historic” decision that would benefit the people of the Read More

Indian PM defends Kashmir action amid ‘Armageddon’ warning

2 weeks ago DieselGasoil Comments Off on Indian PM defends Kashmir action amid ‘Armageddon’ warning
By Alex Crawford, special correspondent, in Islamabad The Indian prime minister has given his justification for ditching Kashmir’s special status in a stirring address on national TV and online. Incorporating a message of hope, aspiration, political and social growth, Narendra Modi said he had made an “historic” decision that would benefit the people of the Read More

Asian shares seen falling on ‘hawkish’ Fed outlook

3 weeks ago DieselGasoil Comments Off on Asian shares seen falling on ‘hawkish’ Fed outlook
SYDNEY (Reuters) – Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle after delivering a 25-basis-point cut. FILE PHOTO: An investor walks past a screen displaying stock information at a brokerage house in Shanghai, China May 6, 2019. Read More

Fed cuts interest rates, signals it may not need to do more

3 weeks ago DieselGasoil Comments Off on Fed cuts interest rates, signals it may not need to do more
WASHINGTON (Reuters) – The Federal Reserve cut interest rates on Wednesday, but the head of the U.S. central bank said the move might not be the start of a lengthy campaign to shore up the economy against risks including global weakness. Fed Chairman Jerome Powell cited signs of a global slowdown, simmering U.S. trade tensions Read More

JPMorgan, Citi lower benchmark interest rates following Fed rate cut

3 weeks ago DieselGasoil Comments Off on JPMorgan, Citi lower benchmark interest rates following Fed rate cut
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files NEW YORK (Reuters) – Two of the biggest U.S. banks, JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), on Wednesday lowered their benchmark rates for a wide range of Read More

Fed cuts rates, signals it may not need to do more

3 weeks ago DieselGasoil Comments Off on Fed cuts rates, signals it may not need to do more
WASHINGTON (Reuters) – The Federal Reserve cut interest rates on Wednesday to shore up the economy against risks including global weakness, but the head of the U.S. central bank said he did not view the move as the start of a lengthy series of rate cuts. Fed Chairman Jerome Powell cited global weakness, simmering trade Read More