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U.S. Treasuries signal trouble, stocks fall after weak data

8 hours ago DieselGasoil Comments Off on U.S. Treasuries signal trouble, stocks fall after weak data
NEW YORK (Reuters) – Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March Read More

Global growth rebound hopes hit by weak factory data

9 hours ago DieselGasoil Comments Off on Global growth rebound hopes hit by weak factory data
LONDON/TOKYO (Reuters) – Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. FILE PHOTO: A worker is seen at a factory at the Keihin industrial zone Read More

GM confirms plans to build new EV, invest $300 million in Michigan plant

10 hours ago DieselGasoil Comments Off on GM confirms plans to build new EV, invest $300 million in Michigan plant
(Reuters) – General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle. General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Read More

Take Five: Take it easy, central banks – World markets themes for the week ahead

11 hours ago DieselGasoil Comments Off on Take Five: Take it easy, central banks – World markets themes for the week ahead
(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: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/ TAKE IT EASY With the U.S. Federal Reserve well Read More

Alberta sees OPEC pricing go from too cheap to too pricey

12 hours ago DieselGasoil Comments Off on Alberta sees OPEC pricing go from too cheap to too pricey
By Robert Tuttle on 3/22/2019 Photo: Canadian Natural. CALGARY (Bloomberg) — Trying to fix the crude market has been hard enough for OPEC. Alberta’s go at it is proving a bigger challenge than the oil-rich Canadian province anticipated. Since mandatory production cuts were announced in December, local heavy crude has gone from too cheap to Read More

Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML

13 hours ago DieselGasoil Comments Off on Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML
LONDON (Reuters) – Global equity funds saw massive outflows this week, a sharp reversal from last week’s inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield in credit and buy safer assets like bonds. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

More shale, who cares? Saudi Arabia pushes for at least $70 oil

14 hours ago DieselGasoil Comments Off on More shale, who cares? Saudi Arabia pushes for at least $70 oil
DUBAI/LONDON (Reuters) – Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded. FILE PHOTO: U.S. President Donald Trump welcomes Saudi Arabia’s Crown Prince Read More

Trump: China trade deal likely; carmakers can avoid tariffs with U.S. plants

15 hours ago DieselGasoil Comments Off on Trump: China trade deal likely; carmakers can avoid tariffs with U.S. plants
WASHINGTON (Reuters) – U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported good for some time did not mean talks were in trouble. FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Read More

Vaalco Energy, Inc. Announces Changes in Company Leadership

16 hours ago DieselGasoil Comments Off on Vaalco Energy, Inc. Announces Changes in Company Leadership
HOUSTON, March 22, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today announced that Phil Patman, VAALCO’s Chief Financial Officer, has elected to resign from the Company, effective March 31, 2019, to pursue other interests. Elizabeth Prochnow, the Company’s Chief Accounting Officer, has been appointed by the Board to the role of Chief Financial Read More

Nearly 50 dead after explosion at chemical plant

18 hours ago DieselGasoil Comments Off on Nearly 50 dead after explosion at chemical plant
An explosion at a chemical plant in eastern China has killed 47 people and left hundreds more injured. The blast at the Tianjiayi chemical plant in Yancheng, Jiangsu province, is one of the worst in the country in recent years. State television said 640 people were being treated for injuries after the blast, which has Read More