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Oil rises 2% as recession fears recede

4 days ago DieselGasoil Comments Off on Oil rises 2% as recession fears recede
MOSCOW (Reuters) – Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world’s biggest economy. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Read More

Oil slumps more than 4% on weak global economic data, U.S. crude build

6 days ago DieselGasoil Comments Off on Oil slumps more than 4% on weak global economic data, U.S. crude build
NEW YORK (Reuters) – Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in U.S. crude inventories. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford/File Photo Brent crude LCOc1 was Read More

‘Flashing yellow’: US facing 1 in 3 chance of recession within the year, says Bank of America

1 week ago DieselGasoil Comments Off on ‘Flashing yellow’: US facing 1 in 3 chance of recession within the year, says Bank of America
Bank of America has warned the US economy has nearly a one-in-three chance of being plunged into a recession within the year as the trade war with China heats up and interest rate tweaks fail to soothe a troubled market. Discarding an “official model” predicting “only” a one-in-five chance of economic doom within the coming Read More

Low crude gives airlines opportunity to increase jet fuel hedging

2 weeks ago DieselGasoil Comments Off on Low crude gives airlines opportunity to increase jet fuel hedging
London — Airlines are topping up their hedging levels in the wake of falling Brent crude, low sulfur gasoil futures and outright jet fuel swap prices, sources say. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Airlines hedge the majority of their fuel costs against Brent crude but have Read More

No Lyft for Uber shares after results fall short

2 weeks ago DieselGasoil Comments Off on No Lyft for Uber shares after results fall short
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Shares of Uber Inc fell 10% in early trading on Friday after the ride-hailing service missed most Wall Read More

Viral mustachioed IAF pilot to receive one of India’s highest military honors

2 weeks ago DieselGasoil Comments Off on Viral mustachioed IAF pilot to receive one of India’s highest military honors
IAF Wing Commander Abhinandan Varthaman, who became a national hero after reportedly shooting down a Pakistani jet, and a viral sensation due to his striking facial hair, is set to receive one of India’s highest military honors. Varthaman reportedly shot down a Pakistani F-16 with his Indian Air Force (IAF) MiG-21 Bison during a February Read More

Wall Street sinks as U.S. bond market stokes recessionary fears

2 weeks ago DieselGasoil Comments Off on Wall Street sinks as U.S. bond market stokes recessionary fears
(Reuters) – U.S. stocks plunged on Wednesday, with the Dow Jones Industrial Average falling more than 450 points, as investors were spooked by the latest signals from the bond market that pointed to heightened risk of a recession. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August Read More

Cautious calm returns as White House softens trade war rhetoric

2 weeks ago DieselGasoil Comments Off on Cautious calm returns as White House softens trade war rhetoric
LONDON (Reuters) – A cautious calm returned to stock markets on Wednesday as softer rhetoric from Washington on the U.S.-China trade war soothed investors, though demand for safe-haven assets underscored lingering anxiety. FILE PHOTO – Flags of U.S. and China are displayed at American International Chamber of Commerce (AICC)’s booth during China International Fair for Read More

China’s Tencent talking to Vivendi about stake in Lady Gaga’s label

2 weeks ago DieselGasoil Comments Off on China’s Tencent talking to Vivendi about stake in Lady Gaga’s label
PARIS/BEIJING (Reuters) – China’s Tencent Holdings Ltd (0700.HK) is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA (VIV.PA), valuing the music label of Lady Gaga, Ariana Grande and the Beatles at around 30 billion euros ($34 billion), as both firms look to expand in a recovering global music Read More

Frank’s International N.V. Announces Second Quarter 2019 Results

2 weeks ago DieselGasoil Comments Off on Frank’s International N.V. Announces Second Quarter 2019 Results
HOUSTON, Aug. 06, 2019 (GLOBE NEWSWIRE) — Frank’s International N.V. (NYSE: FI) (the “Company” or “Frank’s”) today reported financial and operational results for the three and six months ended June 30, 2019. Second Quarter 2019 Financial Highlights Revenue for the quarter totaled $155.7 million, an improvement from the prior quarter of 8% and from the Read More