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Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs

13 hours ago DieselGasoil Comments Off on Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs
LONDON (Reuters) – European stocks and U.S. equity futures were higher on Wednesday after a report fueled optimism about progress in U.S.-China trade talks, offsetting disappointment about the size of potential U.S. interest rate cuts. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 25, Read More

Masters of what universe? Central bankers in a bind as G20 bickers over trade

21 hours ago DieselGasoil Comments Off on Masters of what universe? Central bankers in a bind as G20 bickers over trade
TOKYO/WASHINGTON (Reuters) – For decades the United States led the push for lower tariffs worldwide, but President Donald Trump is testing the solidarity of his G20 peers with a protectionist line on trade, putting central bankers in a tough spot with depleted resources to battle a downturn that may be coming sooner than expected. FILE Read More

$300 oil? US war with Iran spells catastrophe for global economy, expert tells RT

2 days ago DieselGasoil Comments Off on $300 oil? US war with Iran spells catastrophe for global economy, expert tells RT
An armed conflict between the US and Iran would send oil prices soaring and global stocks crashing, which will certainly not play into the hands of Washington, according to political and economic analyst, Shabbir Razvi. He told RT that the United States understands that surging oil prices “will have a dramatic impact on the global Read More

Trump warns of more Iran sanctions with fewer targets remaining

3 days ago DieselGasoil Comments Off on Trump warns of more Iran sanctions with fewer targets remaining
By Saleha Mohsin and Ladane Nasseri on 6/24/2019 WASHINGTON and DUBAI (Bloomberg) — President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The U.S. is already sanctioning significant sectors including Read More

G20 nerves hit Europe stocks; dollar slips to three-month low

3 days ago DieselGasoil Comments Off on G20 nerves hit Europe stocks; dollar slips to three-month low
LONDON (Reuters) – European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears of an escalation in Iran tensions flared up. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More

G20 nerves hit European stocks, dollar; oil gains

3 days ago DieselGasoil Comments Off on G20 nerves hit European stocks, dollar; oil gains
LONDON (Reuters) – European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears grew of a confrontation with Iran. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May Read More

U.S. banks clear first hurdle of Federal Reserve’s annual stress test

5 days ago DieselGasoil Comments Off on U.S. banks clear first hurdle of Federal Reserve’s annual stress test
WASHINGTON (Reuters) – The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, after clearing the first stage of their yearly health checks with the U.S. Federal Reserve that assess their ability to weather a major economic downturn. The Read More

Interview: UK minnow Verus touts nimble approach in North Sea

5 days ago DieselGasoil Comments Off on Interview: UK minnow Verus touts nimble approach in North Sea
Highlights Private equity-backed players shake up industry Small teams and outsourcing contrast with Norway Verus growing with series of acquisitions London — Verus Petroleum is part of a new wave of small private equity-backed companies helping revive UK oil and gas production, aiming to stay nimble even as it builds up its uptream assets, CEO Read More

Surge in oil price after Hormuz drone attack could lead to global recession, experts tell Boom Bust

5 days ago DieselGasoil Comments Off on Surge in oil price after Hormuz drone attack could lead to global recession, experts tell Boom Bust
Global crude prices have jumped on foot of the escalating tensions in the Middle East, where a US military drone was shot down by Iranian forces over the Strait of Hormuz, a chokepoint for oil supplies. RT’s Boom Bust talked to David McAlvany of McAlvany Financial Group and to former Pentagon Official Michael Maloof, to Read More

Iran-U.S. tensions take the edge off world stocks rally

6 days ago DieselGasoil Comments Off on Iran-U.S. tensions take the edge off world stocks rally
LONDON (Reuters) – World stocks fell on Friday, as worries about a threatened U.S. military strike against Iran and a global trade conflict took the edge off a central bank-induced rally from earlier in the week. A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives Read More