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Powell says Fed will ‘act as appropriate’ but offers little more guidance

1 month ago DieselGasoil Comments Off on Powell says Fed will ‘act as appropriate’ but offers little more guidance
JACKSON HOLE, Wyo. (Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting Read More

S&P 500 stalls as U.S. employment, manufacturing data offset

1 month ago DieselGasoil Comments Off on S&P 500 stalls as U.S. employment, manufacturing data offset
NEW YORK (Reuters) – The benchmark S&P 500 struggled for direction on Thursday as strong results from Nordstrom Inc (JWN.N) and a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity. Stocks initially rose at the market open as shares of Nordstrom jumped after the department store’s quarterly profit beat Read More

Crude oil futures steady on mixed EIA data, geopolitical risks

1 month ago DieselGasoil Comments Off on Crude oil futures steady on mixed EIA data, geopolitical risks
Singapore — Crude oil futures were steady to marginally higher during mid-morning trade in Asia Thursday, amid mixed data on US inventory levels while market participants keep watch on geopolitical developments in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:20 am in Singapore (0220 Read More

Stocks rise with focus on stimulus; U.S. yield curve briefly inverts

1 month ago DieselGasoil Comments Off on Stocks rise with focus on stimulus; U.S. yield curve briefly inverts
NEW YORK (Reuters) – A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 13, Read More

Stocks rise with focus on stimulus; U.S. yield curve flat

1 month ago DieselGasoil Comments Off on Stocks rise with focus on stimulus; U.S. yield curve flat
NEW YORK (Reuters) – A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 13, Read More

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

1 month 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 month 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 month 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 month 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

1 month 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