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U.S. Fed seen launching repo facility in early 2020: Deutsche Bank

5 hours ago DieselGasoil Comments Off on U.S. Fed seen launching repo facility in early 2020: Deutsche Bank
(Reuters) – The Federal Reserve may launch a policy tool to lend to banks using Treasuries and other securities as collateral in early 2020 with possible testing to begin later this year, a Deutsche Bank strategist said. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Read More

New Zealand holds first gun buyback event since Christchurch shootings

2 days ago DieselGasoil Comments Off on New Zealand holds first gun buyback event since Christchurch shootings
By Sharon Marris, news reporter New Zealand has held its first gun buyback session following the tightening of gun laws earlier this year. The changes followed the killings of 51 people at two mosques in the South Island city of Christchurch in March. Just a few days after that attack, New Zealand’s prime minister Jacinda Read More

Wall Street stocks climb, dollar drops on rate-cut optimism

2 days ago DieselGasoil Comments Off on Wall Street stocks climb, dollar drops on rate-cut optimism
NEW YORK (Reuters) – Wall Street stocks closed higher and the dollar fell on Friday as investors prepared for a U.S. interest-rate cut, while oil futures were little changed as a forecast for a global crude surplus offset worries about U.S. output declines due to a tropical storm. Traders work on the floor of the Read More

Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs

2 days ago DieselGasoil Comments Off on Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs
(Reuters) – The S&P 500 and the Dow Jones Industrial Average hit fresh record highs on Friday, as the indexes continued a strong run for the week on hopes of an interest rate cut this month, while investors waited for the start of the corporate earnings season. Numbers showing the rise of the Dow Jones Read More

U.S. producer prices rise marginally, suggest tame inflation

2 days ago DieselGasoil Comments Off on U.S. producer prices rise marginally, suggest tame inflation
WASHINGTON (Reuters) – U.S. producer prices rose slightly for the second straight month in June as an acceleration in the cost of services was offset by cheaper energy goods, resulting in the smallest annual increase in producer inflation in nearly 2-1/2 years. FILE PHOTO: Price tags are pictured at a Ralphs grocery store in Pasadena, Read More

S&P 500, Dow hit new highs on rate cut optimism

2 days ago DieselGasoil Comments Off on S&P 500, Dow hit new highs on rate cut optimism
(Reuters) – The S&P 500 and the Dow Jones Industrial Average hit record highs on Friday, as the indexes continued a strong run for the week on raised expectations of an interest rate cut this month. Numbers showing the rise of the Dow Jones Industrial Average above 27,000 are displayed on a screen above the Read More

Britain raises Gulf shipping threat to highest level possible

2 days ago DieselGasoil Comments Off on Britain raises Gulf shipping threat to highest level possible
By Alex Longley, Firat Kayakiran and Tim Ross on 7/12/2019 LONDON (Bloomberg) — Britain raised the threat level to the highest possible for ships operating in the Persian Gulf as tensions escalate in a region accounting for a third of seaborne petroleum trade. The UK government designated the region a level-3 risk on Tuesday, a Read More

China’s June exports, imports fall as trade war takes heavier toll

2 days ago DieselGasoil Comments Off on China’s June exports, imports fall as trade war takes heavier toll
BEIJING (Reuters) – China’s exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further weakness in the world’s second-largest economy and slackening global growth. FILE PHOTO: Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. REUTERS/Stringer The gloomy trade readings Read More

U.S. producer prices rise slightly; cost of goods declines

2 days ago DieselGasoil Comments Off on U.S. producer prices rise slightly; cost of goods declines
WASHINGTON, (Reuters) – U.S. producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month, offsetting an acceleration in services, leading to the smallest annual increase in producer inflation in nearly 2-1/2 years. FILE PHOTO: Price tags are pictured at a Ralphs grocery store in Pasadena, Read More

Deutsche Bank to pay Vestia 175 million euros settlement in derivatives suit

2 days ago DieselGasoil Comments Off on Deutsche Bank to pay Vestia 175 million euros settlement in derivatives suit
The headquarters of Germany’s Deutsche Bank are photographed in Frankfurt, Germany, July 8, 2019. REUTERS/Kai Pfaffenbach AMSTERDAM (Reuters) – Dutch housing cooperation Vestia said on Friday Deutsche Bank would pay it 175 million euros ($197 million) to settle claims the German bank had improperly sold it interest rate derivatives. In a statement on its website, Read More