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‘No guts, no sense, no vision’: US Fed cuts interest rates, but Trump calls it a ‘failure’

14 hours ago DieselGasoil Comments Off on ‘No guts, no sense, no vision’: US Fed cuts interest rates, but Trump calls it a ‘failure’
The US Federal Reserve has cut interest rates for the second time since 2008, to a range of 1.75 to 2 percent. The move was met with disdain from US President Donald Trump, who was hoping for a larger cut. The Federal Reserve announced the measure on Wednesday, decreasing its benchmark interest rate by 25 Read More

Asian shares turn lower on guarded Fed, yen rises after BOJ

19 hours ago DieselGasoil Comments Off on Asian shares turn lower on guarded Fed, yen rises after BOJ
TOKYO (Reuters) – Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signaled a higher bar to further policy easings. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Zhejiang province, China August 2, 2019. REUTERS/Stringer Treasury Read More

Asian shares edge higher after Fed, investors await BOJ

22 hours ago DieselGasoil Comments Off on Asian shares edge higher after Fed, investors await BOJ
TOKYO (Reuters) – Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Read More

Fed cuts interest rates, signals holding pattern for now

1 day ago DieselGasoil Comments Off on Fed cuts interest rates, signals holding pattern for now
WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook as “favorable,” Fed Chair Jerome Powell said the rate Read More

Greenfields Petroleum Corporation Announces Extension of Senior Debt Payment

1 day ago DieselGasoil Comments Off on Greenfields Petroleum Corporation Announces Extension of Senior Debt Payment
HOUSTON, Sept. 18, 2019 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces the execution of a deferral letter with its senior debt lender, Vitol Energy (Bermuda) Ltd. (“Vitol”), to defer payments in the aggregate of $14.3 million (including restructuring fee-$1.4m) Read More

Stocks reverse losses, Treasury yields dip following remarks by Fed’s Powell

1 day ago DieselGasoil Comments Off on Stocks reverse losses, Treasury yields dip following remarks by Fed’s Powell
NEW YORK (Reuters) – The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market’s initial reaction to the U.S. central bank’s policy statement. Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

S&P 500 ends slightly higher after Fed gives mixed signals

1 day ago DieselGasoil Comments Off on S&P 500 ends slightly higher after Fed gives mixed signals
(Reuters) – The S&P 500 ended marginally higher on Wednesday after Federal Reserve policymakers cut interest rates by a quarter of a percentage point, as expected, but gave mixed signals about their next move. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid Read More

Fed cuts rates again, gives mixed signals for next move

1 day ago DieselGasoil Comments Off on Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

Instant view: Fed cuts rates again, gives mixed signals for next move

1 day ago DieselGasoil Comments Off on Instant view: Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

Fed cuts rates on 7-3 vote, gives mixed signals on next move

1 day ago DieselGasoil Comments Off on Fed cuts rates on 7-3 vote, gives mixed signals on next move
WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. FILE PHOTO: Federal Reserve Board building on Constitution Avenue Read More