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'Perfect storm' of tight supply & global demand drives oil prices higher

4 hours ago DieselGasoil Comments Off on 'Perfect storm' of tight supply & global demand drives oil prices higher
Oil prices have risen far higher and faster than most analysts expected, with major banks now changing their forecasts as a perfect storm of factors forms around oil markets. “The latest Brent rally has brought prices to our peak forecast of $67.5/bbl, three months early,” Goldman Sachs wrote in a note. The investment bank said Read More

Democrats seek probe of key FAA decisions on 737 MAX approval

18 hours ago DieselGasoil Comments Off on Democrats seek probe of key FAA decisions on 737 MAX approval
WASHINGTON (Reuters) – The chairman of the U.S. House of Representatives transportation committee and another key Democrat asked the Transportation Department’s inspector general on Tuesday to examine key decisions made by the Federal Aviation Administration in certifying Boeing’s 737 MAX jet for use. FILE PHOTO: Ranking Member of the House Committee on Transportation and Infrastructure Read More

Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

20 hours ago DieselGasoil Comments Off on Stocks and oil touch 2019 highs; sterling wobbles, like Brexit
NEW YORK (Reuters) – Stocks across the globe rose for a seventh straight session on Tuesday despite late selling on Wall Street, while the pound wobbled against the dollar as traders expected European Union officials would allow Britain a delay on Brexit. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Can you murder a robot?

1 day ago DieselGasoil Comments Off on Can you murder a robot?
Back in 2015, a hitchhiker was murdered on the streets of Philadelphia. It was no ordinary crime. The hitchhiker in question was a little robot called Hitchbot. The “death” raised an interesting question about human-robot relationship – not so much whether we can trust robots but whether the robots can trust us. The answer, it Read More

Shares stabilize after worst week of year, Brexit stresses sterling

1 week ago DieselGasoil Comments Off on Shares stabilize after worst week of year, Brexit stresses sterling
LONDON (Reuters) – Talk of more stimulus from China helped world share markets regain some ground on Monday after a slew of disappointing economic data and growth warnings from central banks triggered their worst weekly performance so far this year. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Read More

Freehold Royalties Ltd. Announces 2018 Results and Unveils 2019 Guidance

2 weeks ago DieselGasoil Comments Off on Freehold Royalties Ltd. Announces 2018 Results and Unveils 2019 Guidance
CALGARY, Alberta, March 07, 2019 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced fourth quarter and year-end results for the period ended December 31, 2018. Results at a Glance   Three Months Ended Twelve Months Ended   December 31 December 31 FINANCIAL ($000s, except as noted) 2018 2017 Change 2018 2017 Change Royalty and Read More

Kohl's profit view beats forecast as tie-ups, new items lure shoppers

2 weeks ago DieselGasoil Comments Off on Kohl's profit view beats forecast as tie-ups, new items lure shoppers
(Reuters) – Kohl’s Corp forecast full-year profit above Wall Street estimates on Tuesday, as partnerships with Amazon and a range of new brands attract more shoppers. FILE PHOTO – A sign marks a Kohl’s store in Medford, Massachusetts, U.S., February 21, 2017. REUTERS/Brian Snyder The company’s shares rose 5.3 percent to $70 in early trading, Read More

World shares tick higher on US-China trade deal optimism

2 weeks ago DieselGasoil Comments Off on World shares tick higher on US-China trade deal optimism
LONDON (Reuters) – Global shares rose on Monday amid growing optimism the United States and China will reach a trade agreement as soon as this month. U.S. President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal around March 27, given progress in talks between the two countries, the Wall Street Read More

Long dollar bets thrive in low volatility

2 weeks ago DieselGasoil Comments Off on Long dollar bets thrive in low volatility
LONDON (Reuters) – The dollar consolidated gains on Monday after posting its biggest monthly rise in four months, as low volatility prompted investors to buy the currency, particularly against the yen. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration “On a risk-adjusted basis, the dollar still Read More

Washington Governor Inslee's White House bid to focus on climate change

3 weeks ago DieselGasoil Comments Off on Washington Governor Inslee's White House bid to focus on climate change
SEATTLE/WASHINGTON (Reuters) – Washington state Governor Jay Inslee said on Friday he will seek the Democratic Party’s nomination for president in 2020, joining the crowded field as a relative unknown who hopes to catch fire by making climate change a central issue of his campaign. FILE PHOTO: U.S. Army soldiers stand in line to get Read More