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Global stock markets falter after China data confirms economic slowdown

6 hours ago DieselGasoil Comments Off on Global stock markets falter after China data confirms economic slowdown
LONDON (Reuters) – European shares fell on Monday from six-week highs as a slowdown in China’s economy stalled a global equity rally, but sterling rallied to the day’s highs after Prime Minister Theresa May promised to be more “flexible” with lawmakers over Brexit. Trade in general was subdued with U.S. markets closed for the Martin Read More

Global FDI skids 19 percent on Trump tax reform, may rebound in 2019 – U.N.

11 hours ago DieselGasoil Comments Off on Global FDI skids 19 percent on Trump tax reform, may rebound in 2019 – U.N.
GENEVA (Reuters) – Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump’s tax reforms, the United Nations trade and development agency UNCTAD said on Monday. FILE PHOTO: Part of a facade of a future urban project of Iraqi-British architect Zaha Hadid is Read More

China's 2018 growth slows to 28-year low, more stimulus seen

17 hours ago DieselGasoil Comments Off on China's 2018 growth slows to 28-year low, more stimulus seen
BEIJING (Reuters) – China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s Read More

China's economy cools in the fourth quarter, 2018 growth hits 28-year low

20 hours ago DieselGasoil Comments Off on China's economy cools in the fourth quarter, 2018 growth hits 28-year low
BEIJING (Reuters) – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s central business Read More

Oil dips as China's economy slows but OPEC-led cuts support

21 hours ago DieselGasoil Comments Off on Oil dips as China's economy slows but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan Read More

China set to post slowest growth in 28 years in 2018, more stimulus seen

2 days ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

LJM Partners sues unnamed 'manipulators' it blames for volatility losses

3 days ago DieselGasoil Comments Off on LJM Partners sues unnamed 'manipulators' it blames for volatility losses
NEW YORK (Reuters) – LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business. LJM invested in complex derivatives that lost most of their value over Read More

Tesla to sack over 3,000 workers amid poor profits and Model 3 production challenges

3 days ago DieselGasoil Comments Off on Tesla to sack over 3,000 workers amid poor profits and Model 3 production challenges
Electric car maker Tesla is planning to fire around seven percent of its full-time staff, as the road ahead will be “very difficult,” according to an email sent to employees by CEO Elon Musk. In the letter, published on Tesla’s website, Musk cited “tiny” profits and pressure to deliver lower cost Model 3 vehicles “in Read More

Trump tariffs force tough choices at U.S. auto suppliers

5 days ago DieselGasoil Comments Off on Trump tariffs force tough choices at U.S. auto suppliers
WYOMING, Mich. (Reuters) – Bob Roth makes no bones about his feelings towards U.S. manufacturing. Receiving and shipping worker Mike Pawloski prepares to ship a newly assembled transformer to a client in the RoMan Manufacturing plant in Grand Rapids, Michigan, U.S. December 12, 2018. Picture taken December 12, 2018. REUTERS/Rebecca Cook The co-owner and chief Read More

In Papua New Guinea, Exxon's giant LNG project fuels frustration

5 days ago DieselGasoil Comments Off on In Papua New Guinea, Exxon's giant LNG project fuels frustration
PORT MORESBY (Reuters) – From her red-roofed home near Papua New Guinea’s capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars’ worth of natural gas before it is shipped to Asian buyers. Locals walk along a small beach where a Liquefied Natural Gas Read More