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Italy police ALTER news on neo-Nazi missile for Ukraine after MSM misreport busted cell as pro-rebel

9 mins ago DieselGasoil Comments Off on Italy police ALTER news on neo-Nazi missile for Ukraine after MSM misreport busted cell as pro-rebel
Shortly after reputed Western media dramatically misquoted an Italian police statement on a huge missile seized from a neo-Nazi cell fighting for Kiev in eastern Ukraine, the original has been altered to become markedly vague. Italian state police made big headlines across Europe when it reported of raids and arrests on a neo-Nazi underground organization Read More

Strong U.S. retail sales boost economic outlook

9 mins ago DieselGasoil Comments Off on Strong U.S. retail sales boost economic outlook
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

Wall Street muted after mixed bank earnings

9 mins ago DieselGasoil Comments Off on Wall Street muted after mixed bank earnings
(Reuters) – U.S. stock indexes treaded water on Tuesday as Wall Street’s big banks swung between gains and losses after their quarterly results drew mixed reactions from investors. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid JPMorgan, the largest U.S. bank by Read More

Oil futures rise slightly as storm impact fades

39 mins ago DieselGasoil Comments Off on Oil futures rise slightly as storm impact fades
London — 1030 GMT: Crude oil futures were trading slightly higher in late European morning Tuesday as the impact of Tropical Storm Barry subsided, while global economic uncertainty lingered. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:30 am London time (1030 GMT), ICE Brent September futures were Read More

U.S. retail sales increase solidly in boost to economy

1 hour ago DieselGasoil Comments Off on U.S. retail sales increase solidly in boost to economy
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

Wells Fargo posts higher profit on cost controls, rise in loans

1 hour ago DieselGasoil Comments Off on Wells Fargo posts higher profit on cost controls, rise in loans
(Reuters) – Wells Fargo & Co (WFC.N) reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from aggressive cost-cutting. FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo Revenue declined at Wells’ community bank and wholesale bank as net interest Read More

‘Biased and partisan’ EU sanctions won’t affect our drilling off Cyprus – Turkey’s foreign ministry

2 hours ago DieselGasoil Comments Off on ‘Biased and partisan’ EU sanctions won’t affect our drilling off Cyprus – Turkey’s foreign ministry
Ankara’s aspirations regarding oil and gas discovered off the coast of Cyprus will not be hindered by newly imposed EU sanctions, it has vowed. Turkey claims it has a right to explore resources laying off Turkish-Cypriot lands. European ministers on Monday agreed to reduce financial support for Ankara, suspended negotiations on an agreement on air Read More

U.S. DUC shale backlog declines, except in Permian basin

2 hours ago DieselGasoil Comments Off on U.S. DUC shale backlog declines, except in Permian basin
By Stephen Cunningham on 7/16/2019 WASHINGTON D.C. (Bloomberg) –The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016, as producers came under intense pressure from shareholders to rein in costs while boosting output. The number of drilled but uncompleted wells, or DUCs, fell Read More

Out of the shadows: Australia’s finance regulator told to be more ‘forceful’

2 hours ago DieselGasoil Comments Off on Out of the shadows: Australia’s finance regulator told to be more ‘forceful’
SYDNEY (Reuters) – Australia’s prudential regulator should become less “discreet” and be given more power, including the ability to veto corporate boardroom hires, a government report said, in a sign oversight bodies are being dragged into a banking sector clean-up. The Australian Prudential Regulation Authority (APRA) may need more resources and an expanded armory of Read More

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

2 hours ago DieselGasoil Comments Off on Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook
(Reuters) – Johnson & Johnson (JNJ.N) raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, Read More