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Oil edges up on prospect of U.S. interest rate cut

2 months ago DieselGasoil Comments Off on Oil edges up on prospect of U.S. interest rate cut
NEW YORK (Reuters) – Oil prices edged higher on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and worries about slower global economic growth. A boat is seen close to oil installations at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. Picture Read More

Boeing better ‘get their s**t together,’ Ryanair boss says as 737 MAX delays drag on

2 months ago DieselGasoil Comments Off on Boeing better ‘get their s**t together,’ Ryanair boss says as 737 MAX delays drag on
The prolonged grounding of Boeing 737 MAX jets could lead to job cuts and other challenges for budget carriers which are grappling with lost revenue, said European low-cost airline Ryanair’s CEO Michael O’Leary. Addressing his airline’s 24-percent drop in first-quarter profits, O’Leary blamed the impact of MAX deliveries’ delays. Ryanair has 135 of the 737 MAX Read More

Oil gains on prospect of U.S. interest rate cut

2 months ago DieselGasoil Comments Off on Oil gains on prospect of U.S. interest rate cut
LONDON (Reuters) – Oil prices rose on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and oil demand fears stoked by forecasts for slower global economic growth. A boat is seen close to oil installations at Lake Maracaibo in Cabimas, Venezuela October Read More

That bad? How the U.S. economy stacks up to past rate cut cycles

2 months ago DieselGasoil Comments Off on That bad? How the U.S. economy stacks up to past rate cut cycles
WASHINGTON (Reuters) – Spooked by a global economic slowdown, the U.S. Federal Reserve is seen launching on Wednesday its fifth interest rate-cutting campaign since 1995. It will come despite many signs of strength in the U.S. economy. FILE PHOTO – A crane flies an American flag over a construction site in downtown Los Angeles, California Read More

Fintechs at the gate: online brokers target affluent Brazilians

2 months ago DieselGasoil Comments Off on Fintechs at the gate: online brokers target affluent Brazilians
(Reuters) – A new breed of digital brokers is taking on the handful of Brazilian lenders such as Itau Unibanco Holding SA and Banco Bradesco SA that long had a lock on retail investors seeking a one-stop shop for banking and investments. FILE PHOTO: The logo of Brazil’s Banco Bradesco is seen in Sao Paulo, Read More

Natural gas glut is crushing US drillers

2 months ago DieselGasoil Comments Off on Natural gas glut is crushing US drillers
The outlook for natural gas producers is not great. They are getting clobbered by low prices today, amid a glut. But the medium- and long-term looks even worse, with renewable energy increasingly taking market share. The gas industry has drilled itself into this predicament. Gas production continues to ratchet higher, rapidly replenishing inventories, which had plunged to Read More

Global shares ease ahead of Fed test, dollar hits two-month high

2 months ago DieselGasoil Comments Off on Global shares ease ahead of Fed test, dollar hits two-month high
LONDON (Reuters) – Global shares eased on Monday and the dollar hit a two-month high against a basket of currencies as markets counted down to a likely cut in U.S. interest rates this week, with much riding on whether the Federal Reserve signals yet more are to come. FILE PHOTO – The German share price Read More

Crude oil futures slip as demand woes take center stage; US-China talks

2 months ago DieselGasoil Comments Off on Crude oil futures slip as demand woes take center stage; US-China talks
Singapore — Crude oil futures were marginally lower during mid-morning trade in Asia Monday as markets remained concerned on global demand and growth outlook, but the decline was capped by ongoing geopolitical tensions in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:45 am Singapore Read More