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Fire and hail push insurers to rethink climate change risks

7 mins ago DieselGasoil Comments Off on Fire and hail push insurers to rethink climate change risks
LONDON (Reuters) – By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burned both his tractor and the shipping container where he kept some tools. His insurer is set to pay out a sixth of his losses. A fireman puts out flames Read More

SeaBird Exploration: new 2D survey award – Africa region

7 mins ago DieselGasoil Comments Off on SeaBird Exploration: new 2D survey award – Africa region
19 September 2019, Limassol, Cyprus SeaBird Exploration is pleased to announce that the company has signed a contract to acquire a 2D seismic survey for an international oil & gas company in the Africa region. The survey is due to commence towards the end of September and is estimated to run for approximately three weeks. Read More

U.S., Chinese trade deputies face off in Washington amid deep differences

2 hours ago DieselGasoil Comments Off on U.S., Chinese trade deputies face off in Washington amid deep differences
WASHINGTON (Reuters) – U.S. and Chinese deputy trade negotiators were set to resume face-to-face talks on Thursday for the first time in nearly two months as the world’s two largest economies try to bridge deep policy differences and find a way out of a bitter and protracted trade war. FILE PHOTO: Chinese and U.S. flags Read More

Crude oil futures steady amid US stockbuild, geopolitical risks

3 hours ago DieselGasoil Comments Off on Crude oil futures steady amid US stockbuild, geopolitical risks
Singapore — Crude oil futures were largely steady during mid-morning trade in Asia Thursday amid a combination of bullish and bearish factors emerging from a build in US crude stocks and ongoing supply and geopolitical risks in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At Read More

Asian shares turn lower on guarded Fed, yen rises after BOJ

4 hours ago DieselGasoil Comments Off on Asian shares turn lower on guarded Fed, yen rises after BOJ
TOKYO (Reuters) – Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signaled a higher bar to further policy easings. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Zhejiang province, China August 2, 2019. REUTERS/Stringer Treasury Read More

Purdue Pharma seeks to halt opioid suits against company, Sacklers

7 hours ago DieselGasoil Comments Off on Purdue Pharma seeks to halt opioid suits against company, Sacklers
(Reuters) – OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents. FILE PHOTO: A pharmacist holds a bottle OxyContin made by Purdue Pharma at Read More

Asian shares edge higher after Fed, investors await BOJ

7 hours ago DieselGasoil Comments Off on Asian shares edge higher after Fed, investors await BOJ
TOKYO (Reuters) – Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Read More

As Amazon burns, 230 big investors call on firms to protect world’s rainforests

7 hours ago DieselGasoil Comments Off on As Amazon burns, 230 big investors call on firms to protect world’s rainforests
RIO DE JANEIRO (Reuters) – With widespread fires wreaking havoc on the Amazon, over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world’s largest tropical rainforest. FILE PHOTO: A burning tree is seen during a fire in an area of Read More

Fed pumps more cash as key rate breaks above target

9 hours ago DieselGasoil Comments Off on Fed pumps more cash as key rate breaks above target
NEW YORK (Reuters) – The Federal Reserve injected another $75 billion into the U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank’s benchmark interest rate above its targeted range for the first time since the financial crisis. FILE PHOTO: Read More

Fed cuts interest rates, signals holding pattern for now

10 hours ago DieselGasoil Comments Off on Fed cuts interest rates, signals holding pattern for now
WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook as “favorable,” Fed Chair Jerome Powell said the rate Read More