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Growth fears grip world stock markets before Fed meeting

3 hours ago DieselGasoil Comments Off on Growth fears grip world stock markets before Fed meeting
LONDON (Reuters) – World stock markets tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest-rate hike of the year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November Read More

South Korea to provide $3 billion in financial support for troubled auto suppliers

9 hours ago DieselGasoil Comments Off on South Korea to provide $3 billion in financial support for troubled auto suppliers
SEOUL (Reuters) – South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won ($3.10 billion) and encouraging the use of electric cars. A worker checks cars made by GM Korea in a yard of GM Korea’s Bupyeong plant before they are Read More

Oracle sees strong third quarter on cloud strength, share rise

13 hours ago DieselGasoil Comments Off on Oracle sees strong third quarter on cloud strength, share rise
(Reuters) – Oracle Corp on Monday forecast current-quarter profit above estimates after growth in its cloud services and license support unit helped the business software maker surpass Wall Street expectations for the second quarter. FILE PHOTO: People gather prior to the start of a keynote speech at the All Things Oracle OpenWorld Summit in San Read More

Exxon becomes Permian drill chief to combat falling oil output

13 hours ago DieselGasoil Comments Off on Exxon becomes Permian drill chief to combat falling oil output
By Kevin Crowley on 12/17/2018 Photo: Pump jack. HOUSTON (Bloomberg) — Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale. Even after a slow start in the region of West Texas Read More

Oracle quarterly profit rises 5 percent

15 hours ago DieselGasoil Comments Off on Oracle quarterly profit rises 5 percent
FILE PHOTO: People gather prior to the start of a keynote speech at the All Things Oracle OpenWorld Summit in San Francisco, California September 24, 2013. REUTERS/Jana Asenbrennerova/File Photo (Reuters) – Business software maker Oracle Corp reported a 5.4 percent rise in quarterly profit on Monday, driven by growth in its cloud services and license Read More

Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow

19 hours ago DieselGasoil Comments Off on Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow
SAO PAULO (Reuters) – Goldman Sachs Group Inc (GS.N), Morgan Stanley(MS.N) and Bank of America Merrill Lynch(BAC.N) are regaining clout in Latin America’s largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows. A sign is displayed on the Morgan Stanley building in New Read More

Sundance Energy Provides December 2018 Operational Update

19 hours ago DieselGasoil Comments Off on Sundance Energy Provides December 2018 Operational Update
DENVER, Dec. 17, 2018 (GLOBE NEWSWIRE) — Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, today provided an update regarding the Company’s recent development activities and outlook regarding its 2019 development plan. 2019 Read More

Dry winds threaten Ivory Coast cocoa bean development

23 hours ago DieselGasoil Comments Off on Dry winds threaten Ivory Coast cocoa bean development
ABIDJAN (Reuters) – Dry winds and below-average rainfall in most of Ivory Coast’s cocoa growing regions last week could jeopardize the development of the last stage of the October-to-March main crop, farmers said on Monday. FILE PHOTO: A farmer opens a cocoa pod at a farm in Toumodi, Ivory Coast October 13, 2018. REUTERS/Thierry Gouegnon Read More

China to mark economic miracle that pulled 700 million people out of poverty

23 hours ago DieselGasoil Comments Off on China to mark economic miracle that pulled 700 million people out of poverty
China has pledged more economic reforms to push growth higher and help offset any impact from the US trade conflict. It comes as the world’s second-largest economy marks the 40th anniversary of “reform and opening up” this week. Statistics show that more than 700 million Chinese people have shaken off poverty since Beijing started its Read More

Hedge fund moves at short end of U.S. curve show Fed cuts not too far away: McGeever

24 hours ago DieselGasoil Comments Off on Hedge fund moves at short end of U.S. curve show Fed cuts not too far away: McGeever
LONDON (Reuters) – The Federal Reserve will raise interest rates later this week and probably again early next year, but that will be the end of tightening cycle and it won’t be long before rate cuts are on the table. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. Read More