newszine

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

3 days ago DieselGasoil Comments Off on U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML
LONDON (Reuters) – Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America Merrill Lynch said on Friday, as markets tried to weigh hopes for major central bank stimulus against economic woes. Bond funds raked in $9.6 billion in their 27th week of Read More

Investors pour $28 billion in money-market funds as S&P 500 hit record high: Lipper

4 days ago DieselGasoil Comments Off on Investors pour $28 billion in money-market funds as S&P 500 hit record high: Lipper
(Reuters) – U.S.-based money-market funds attracted about $28 billion in the week ended Wednesday, their largest weekly inflow since mid-May, as the S&P 500 Index rose above 3,000 for the first time on Wednesday. It was money funds’ third consecutive week of cash inflows, with a four-week moving average of $18.8 billion, according to data Read More

Fed easing could prompt first China rate cut in four years – analysts

1 week ago DieselGasoil Comments Off on Fed easing could prompt first China rate cut in four years – analysts
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. FILE PHOTO: A Chinese national flag flutters outside the headquarters of Read More

U.S. Fed easing could prompt first China rate cut in four years – analysts

1 week ago DieselGasoil Comments Off on U.S. Fed easing could prompt first China rate cut in four years – analysts
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. FILE PHOTO: A Chinese national flag flutters outside the headquarters of Read More

U.S. Fed easing could prompt first China rate cut in four years: analysts

1 week ago DieselGasoil Comments Off on U.S. Fed easing could prompt first China rate cut in four years: analysts
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. FILE PHOTO: A Chinese national flag flutters outside the headquarters of Read More

UK shouldn’t be ripping off the people of Libya by spending Gaddafi’s billions – Prof. Richard Wolff

2 weeks ago DieselGasoil Comments Off on UK shouldn’t be ripping off the people of Libya by spending Gaddafi’s billions – Prof. Richard Wolff
The British government wants to start spending the money earned in taxes from frozen assets of late Libyan leader Muammar Gaddafi. Professor Richard Wolff insists it’s the Libyan people who should get their money back. British lawmakers proposed handing over £17 million earned in taxes from the frozen assets to the victims of the Irish Read More

Fund investors retreat from U.S. stocks as S&P 500 hits records

2 weeks ago DieselGasoil Comments Off on Fund investors retreat from U.S. stocks as S&P 500 hits records
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 19, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investors pulled slightly more than $5 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, ending what had been the largest rush Read More

Traders expect China to announce third round of product export quotas in the fall

2 weeks ago DieselGasoil Comments Off on Traders expect China to announce third round of product export quotas in the fall
Asian oil product traders expect to see a third round of export quotas to be issued by the end of September to October amid the expansion of refining capacity in the country, trade sources told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “As Read More

Investors pour $6 billion into U.S.-based high-yield, investment-grade bond funds: Lipper

3 weeks ago DieselGasoil Comments Off on Investors pour $6 billion into U.S.-based high-yield, investment-grade bond funds: Lipper
(Reuters) – Investors’ appetite for risk-taking was on display in the latest week, as U.S.-based high-yield junk bond funds attracted more than $3 billion in the week ended Wednesday, their third consecutive week of inflows. At the top of the credit spectrum, U.S.-based investment-grade corporate bond funds attracted over $3.2 billion in the same week, Read More

Crude oil futures slip after Trump’s threat on more tariffs for China

3 weeks ago DieselGasoil Comments Off on Crude oil futures slip after Trump’s threat on more tariffs for China
Singapore — Crude oil futures were lower during mid-morning trade in Asia Thursday after US President Donald Trump renewed threats on further tariffs against China, if no progress is made on a trade agreement at the G20 summit. Mild profit-taking after Wednesday’s spike also added downward pressure. Not registered? Receive daily email alerts, subscriber notes Read More