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May could face humiliating disappointment as Macron strongly opposes Brexit delay – French media

2 hours ago DieselGasoil Comments Off on May could face humiliating disappointment as Macron strongly opposes Brexit delay – French media
French President Emmanuel Macron is expected to oppose the Brexit delay requested by the British PM, Le Point reports. This would block the extension, making a no-deal more likely and result in total failure for Theresa May. Macron is expected to say no to Theresa May’s plea to postpone the Brexit date, the media writes ahead of Read More

Escalation of US-China bilateral tariffs to shave off $1 trillion from America’s GDP

3 hours ago DieselGasoil Comments Off on Escalation of US-China bilateral tariffs to shave off $1 trillion from America’s GDP
A study by the US Chamber of Commerce shows how the deterioration in the trade dispute between the world’s two largest economies, China and the United States, will drastically affect the American economy. “Escalation of bilateral tariffs results in lower GDP, lower employment, lower investment, and lower trade flows for the United States,” said the Read More

Boeing 737 MAX pilots scoured manual in minutes before crash

3 hours ago DieselGasoil Comments Off on Boeing 737 MAX pilots scoured manual in minutes before crash
The pilots of a Boeing 737 MAX frantically scoured a manual before their plane crashed into the Java Sea in October, killing all 189 people on board. Recordings from the cockpit of the Lion Air plane suggest that the pilots were struggling to understand why the jet was lurching downwards, but ran out of time Read More

Indonesia crash revelations raise pressure on Ethiopia investigation

3 hours ago DieselGasoil Comments Off on Indonesia crash revelations raise pressure on Ethiopia investigation
ADDIS ABABA/JAKARTA (Reuters) – The world’s biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 MAX fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster. Ethiopian Red Cross workers carry a body bag with the remains of Ethiopian Airlines Flight ET 302 Read More

'Perfect storm' of tight supply & global demand drives oil prices higher

5 hours ago DieselGasoil Comments Off on 'Perfect storm' of tight supply & global demand drives oil prices higher
Oil prices have risen far higher and faster than most analysts expected, with major banks now changing their forecasts as a perfect storm of factors forms around oil markets. “The latest Brent rally has brought prices to our peak forecast of $67.5/bbl, three months early,” Goldman Sachs wrote in a note. The investment bank said Read More

Longest stocks rally of the year stumbles ahead of Fed

5 hours ago DieselGasoil Comments Off on Longest stocks rally of the year stumbles ahead of Fed
LONDON (Reuters) – World shares’ longest rally of the year looked set to stumble on Wednesday as investors took profits before a U.S. Federal Reserve’s policy decision, which is expected to offer clues to interest rate prospects for the coming year. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

Wall Street set for muted open as investors await Fed outlook

5 hours ago DieselGasoil Comments Off on Wall Street set for muted open as investors await Fed outlook
(Reuters) – Wall Street’s main indexes were set to eke out gains at open on Wednesday, as investors cautiously waited for more clarity on the Federal Reserve’s monetary policy outlook for the year, while trade worries still lingered. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Houston chemical blaze extinguished but smoke shuts schools

6 hours ago DieselGasoil Comments Off on Houston chemical blaze extinguished but smoke shuts schools
By Joe Carroll and Stephen Stapczynski on 3/20/2019 HOUSTON and SINGAPORE (Bloomberg) — Firefighting crews early Wednesday extinguished a petrochemical tank fire near Houston that had blazed for almost four days, spewing black smoke into the skies above the energy capital and spurring the hurried cancellation of classes for tens of thousands of children. Smoke Read More

Indonesia crash revelations raise pressure on Ethiopia probe

6 hours ago DieselGasoil Comments Off on Indonesia crash revelations raise pressure on Ethiopia probe
ADDIS ABABA/JAKARTA (Reuters) – The world’s biggest planemaker Boeing faced growing obstacles to returning its grounded 737 MAX fleet to the skies on Wednesday, while chilling details emerged of an Indonesian crash with similarities to the Ethiopian disaster. Ethiopian Red Cross workers carry a body bag with the remains of Ethiopian Airlines Flight ET 302 Read More