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In a fracturing world, central banks still stuck together

2 weeks ago DieselGasoil Comments Off on In a fracturing world, central banks still stuck together
WASHINGTON/TOKYO/FRANKFURT (Reuters) – The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Now, a new round of Read More

As desperation rises, thousands in Bahamas flee Dorian’s devastation

2 weeks ago DieselGasoil Comments Off on As desperation rises, thousands in Bahamas flee Dorian’s devastation
NASSAU, Bahamas (Reuters) – Thousands of people fled devastation in the Bahamas on Saturday as conditions grew increasingly desperate nearly a week after Hurricane Dorian made landfall, reducing many homes to rubble and knocking out water and power. A volunteer drives a cargo cart at the landing track at the Leonard M. Thompson International Airport Read More

Living conditions ‘rapidly deteriorating’ after storm in Bahamas: aid group

2 weeks ago DieselGasoil Comments Off on Living conditions ‘rapidly deteriorating’ after storm in Bahamas: aid group
NASSAU, Bahamas (Reuters) – Thousands of displaced people are living in “rapidly deteriorating” conditions in the worst-hit parts of the Bahamas six days after Hurricane Dorian made landfall, the United Nations World Food Programme warned on Saturday. A Royal Canadian Air Force CC-130J Hercules transport aircraft prepares to depart for the the Bahamas to provide Read More

‘Staggering’ death toll feared in Bahamas after Dorian’s destruction

2 weeks ago DieselGasoil Comments Off on ‘Staggering’ death toll feared in Bahamas after Dorian’s destruction
NASSAU, Bahamas (Reuters) – Charities, government agencies and even cruise ships loaded with supplies and volunteers rushed emergency aid to the storm-ravaged Bahamas on Saturday amid fears of a “staggering” death toll left in the wake of Hurricane Dorian. A Royal Canadian Air Force CC-130J Hercules transport aircraft prepares to depart for the the Bahamas Read More

To cut or not? Dueling Fed views boost pressure on Powell

3 weeks ago DieselGasoil Comments Off on To cut or not? Dueling Fed views boost pressure on Powell
ST. LOUIS/SAN FRANCISCO (Reuters) – The Federal Reserve should use its meeting in two weeks to aggressively cut interest rates, one U.S. central banker said on Tuesday. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo Less than an hour later, a second Read More

U.S. yield curve inversion highlights recession fears, Fed dilemma

1 month ago DieselGasoil Comments Off on U.S. yield curve inversion highlights recession fears, Fed dilemma
NEW YORK (Reuters) – When the U.S. Federal Reserve cut interest rates last month for the first time in more than a decade, it signaled that further reductions in borrowing costs might not be needed. Bond markets vehemently disagree. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, Read More

U.S. Democratic candidates demonize oil industry

2 months ago DieselGasoil Comments Off on U.S. Democratic candidates demonize oil industry
By Ari Natter on 8/7/2019 WASHINGTON D.C. (Bloomberg) –Bernie Sanders says the industry is a criminal enterprise. Joe Biden is vowing to take action against it. Other candidates are competing to say who will wean America from its products the soonest. The fossil fuel industry is squarely in the cross hairs of Democrats running for Read More

Karmic reckoning? Investors in activist hedge funds agitate for change

2 months ago DieselGasoil Comments Off on Karmic reckoning? Investors in activist hedge funds agitate for change
(Reuters) – Frustrated by high fees and uninspiring returns, pension funds, sovereign wealth funds and other big institutional investors are demanding U.S. activist hedge funds be more transparent about their investment ideas and charge less, investors and fund managers say. FILE PHOTO: Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Read More