newszine

Light PBOC touch makes once unlikely yuan at 7/$ seem possible

6 hours ago DieselGasoil Comments Off on Light PBOC touch makes once unlikely yuan at 7/$ seem possible
SHANGHAI (Reuters) – As China’s yuan slips to historically weak levels against the dollar, the central bank’s atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, Read More

Investors continue four-week retreat from U.S. stock market

2 days ago DieselGasoil Comments Off on Investors continue four-week retreat from U.S. stock market
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and Read More

Chinese farm stocks gaining as US-China trade war escalates

4 days ago DieselGasoil Comments Off on Chinese farm stocks gaining as US-China trade war escalates
The latest exchange of tariff hikes between Washington and Beijing have driven Chinese banking and tech stocks lower. However, the turmoil has benefited the country’s agricultural sector which managed to outperform. The long-running trade dispute between the world’s largest economies has intensified recently, adding to investor concerns. Earlier this month, US President Donald Trump announced Read More

China’s farm stocks defy Sino-U.S. trade rout on local demand expectations

4 days ago DieselGasoil Comments Off on China’s farm stocks defy Sino-U.S. trade rout on local demand expectations
SHANGHAI (Reuters) – The fresh escalation in the long-running Sino-U.S. trade dispute prompted a sharp selloff in Chinese markets last week with the yuan and banking and tech stocks hit particularly hard though some sectors, like farming, managed to outperform. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, Read More

Investors shun equities, pile into bonds in past week: BAML

1 week ago DieselGasoil Comments Off on Investors shun equities, pile into bonds in past week: BAML
LONDON (Reuters) – Investors are neither extremely bullish nor bearish, according to Bank of America Merrill Lynch’s gauge of market sentiment, as they weigh the impact of trade tensions between the United States and China. Investors pulled $19.5 billion out of equities in the week to May 15, while bonds added $5.1 billion in their Read More

Shares swoon as Beijing ramps up war of words

1 week ago DieselGasoil Comments Off on Shares swoon as Beijing ramps up war of words
LONDON (Reuters) – World share markets suffered a fresh bout of risk aversion on Friday after tough words on trade from China, while bets on a new pro-Brexit leader in Britain whipped the pound towards its worst week since October. FILE PHOTO: People walk through the lobby of the London Stock Exchange in London, Britain Read More

U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions

1 week ago DieselGasoil Comments Off on U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions
(Reuters) – Investors rattled by lingering trade tensions between the United States and China pulled $12.27 billion from U.S.-based equity funds in the week ended Wednesday, according to data released by Refinitiv’s Lipper research service on Thursday. It was the category’s fourth consecutive week of outflows, Lipper data showed. Investors sought shelter from plummeting equity Read More

Investors pull more than $20 billion from stocks on ‘trade deal trauma’: BAML

2 weeks ago DieselGasoil Comments Off on Investors pull more than $20 billion from stocks on ‘trade deal trauma’: BAML
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 7, 2019. REUTERS/Brendan McDermid LONDON (Reuters) – Global equities have seen outflows of $20.5 billion in the past week as “trade deal trauma” pushed more money into bonds, Bank of America Merrill Lynch said on Friday, Read More

Investors pull more than $20 billion from stocks, keep piling into bonds: BAML

2 weeks ago DieselGasoil Comments Off on Investors pull more than $20 billion from stocks, keep piling into bonds: BAML
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 7, 2019. REUTERS/Brendan McDermid LONDON (Reuters) – Global equities have seen outflows of $20.5 billion in the past week as “trade deal trauma” pushed more money into bonds, Bank of America Merrill Lynch said on Friday, Read More

Essential Energy Services Announces First Quarter Financial Results

2 weeks ago DieselGasoil Comments Off on Essential Energy Services Announces First Quarter Financial Results
CALGARY, Alberta, May 07, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces first quarter results.   SELECTED INFORMATION   (in thousands of dollars except per share, For the three months endedMarch 31, percentages, hours and fleet data)   2019     2018             Read More