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‘No rush!’ US vows to keep sanctions on N. Korea as Trump prepares to meet Kim

2 days ago DieselGasoil Comments Off on ‘No rush!’ US vows to keep sanctions on N. Korea as Trump prepares to meet Kim
The US is not ready to lift any sanctions against North Korea, the State Department has announced, just as Donald Trump said he is in “no rush” to seek compromise ahead of his “exciting” summit with Kim Jong-un next week. “We have been clear on sanctions. These are the world’s sanctions and that is something…that Read More

Wall St. flat as Walmart offsets bank losses; trade talks eyed

2 days ago DieselGasoil Comments Off on Wall St. flat as Walmart offsets bank losses; trade talks eyed
(Reuters) – U.S. stocks struggled for direction on Tuesday as gains in Walmart offset losses in financials, with trade talks between the United States and China in focus. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 19, 2019. REUTERS/Brendan McDermid Hopes that the two countries will Read More

Venezuela's Exit From U.S. Sanctions? Show Maduro the Door

4 days ago DieselGasoil Comments Off on Venezuela's Exit From U.S. Sanctions? Show Maduro the Door
By Saleha Mohsin on 2/17/2019 Photo: Minister of Petroleum and President of PDVSA Manuel Quevedo, courtesy of Twitter. WASHINGTON (Bloomberg) — The Trump administration has given Venezuela’s state-owned oil giant, Petroleos de Venezuela SA, and President Nicolas Maduro’s associates a clear path to escape U.S. sanctions: Help bring down the authoritarian leader. The Treasury Department Read More

Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade

6 days ago DieselGasoil Comments Off on Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix. FILE PHOTO: A digital LED price sign of state-owned company Petroleos Mexicanos (PEMEX) shows their Read More

Wall Street rallies on U.S.-China trade optimism

6 days ago DieselGasoil Comments Off on Wall Street rallies on U.S.-China trade optimism
NEW YORK (Reuters) – Wall Street rallied on Friday on growing hopes the United States and China can hammer out an agreement resolving their protracted trade war. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid All three major U.S. indexes were higher, Read More

Trump announces national emergency to get wall funding

6 days ago DieselGasoil Comments Off on Trump announces national emergency to get wall funding
Donald Trump has announced a national emergency at the US-Mexico border as he attempts to bypass Congress and get funding for his controversial wall. Speaking in the Rose Garden of the White House, the US president confirmed: “I’m going to be signing a national emergency.” Mr Trump said the wall was needed because “we have Read More

Mexico will do whatever it takes to prevent Pemex downgrade

6 days ago DieselGasoil Comments Off on Mexico will do whatever it takes to prevent Pemex downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said on Friday, promising to do “whatever is takes” to strengthen its finances and prevent a further credit downgrade. FILE PHOTO: A gas station of state oil firm Petroleos Mexicanos (Pemex), which Read More

Mexico to pump $3.6 billion to relieve ailing Pemex, more if needed

6 days ago DieselGasoil Comments Off on Mexico to pump $3.6 billion to relieve ailing Pemex, more if needed
MEXICO CITY (Reuters) – Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said Friday, promising to do “whatever is takes” to strengthen its finances and prevent a further credit downgrade. FILE PHOTO: A gas station of state oil firm Petroleos Mexicanos (Pemex), which is Read More

Mexico to pump $3.6 billion into ailing oil firm Pemex in relief plan

6 days ago DieselGasoil Comments Off on Mexico to pump $3.6 billion into ailing oil firm Pemex in relief plan
FILE PHOTO: A gas station of state oil firm Petroleos Mexicanos (Pemex), which is closed due shortage of fuel, is pictured in Guadalajara, Mexico January 6, 2019. REUTERS/Fernando Carranza MEXICO CITY (Reuters) – Mexico’s government will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes paid, company officials said on Friday, Read More

Take Five: The R-word – World markets themes for the week ahead

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(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly/File Photo/File Read More