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Boeing opens first 737 plant in China amid U.S.-Sino trade war

11 hours ago DieselGasoil Comments Off on Boeing opens first 737 plant in China amid U.S.-Sino trade war
ZHOUSHAN, China (Reuters) – Boeing Co (BA.N) opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus (AIR.PA) in one of the world’s top travel markets that has been overshadowed by the U.S-China trade war. FILE PHOTO: A Boeing logo is pictured during Read More

Retail Sales, Industrial Production Rise

15 hours ago DieselGasoil Comments Off on Retail Sales, Industrial Production Rise
A week and a half before Christmas Day we remain in the heart of holiday shopping season This points directly to the business of retailers and new 160 Retail Sales 160 numbers have come in this morning So while we re already mindful that these companies are looking toward their Read More

Wall St. looks to Fed outlook Wednesday for early Christmas gift

19 hours ago DieselGasoil Comments Off on Wall St. looks to Fed outlook Wednesday for early Christmas gift
NEW YORK (Reuters) – Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. FILE PHOTO: A Wall Street sign is seen outside the New York Stock Exchange Read More

J&J shares nosedive on report it knew of asbestos in Baby Powder

20 hours ago DieselGasoil Comments Off on J&J shares nosedive on report it knew of asbestos in Baby Powder
(Reuters) – Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the Pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. The decline in shares erased about $40 billion from Read More

Wall St. tumbles on global growth worries, J&J decline

20 hours ago DieselGasoil Comments Off on Wall St. tumbles on global growth worries, J&J decline
(Reuters) – Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos. The S&P Read More

Global growth worries, J&J's tumble drag Wall St. lower

22 hours ago DieselGasoil Comments Off on Global growth worries, J&J's tumble drag Wall St. lower
(Reuters) – U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder. Investors worried about global growth after China reported weak monthly retail sales growth and Read More

Global growth worry hits stocks, but U.S. data lifts dollar

23 hours ago DieselGasoil Comments Off on Global growth worry hits stocks, but U.S. data lifts dollar
NEW YORK (Reuters) – A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Euro zone business ended the year on a weak note, expanding at the slowest pace Read More

Block Energy Plc has recovered 200 bbl of oil during flowback at West Rustavi license, Georgia

1 day ago DieselGasoil Comments Off on Block Energy Plc has recovered 200 bbl of oil during flowback at West Rustavi license, Georgia
12/14/2018 LONDON — Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that more than 200 bbl of oil were recovered from the legacy vertical well 16a at its West Rustavi permit during a 10-hr flow period. An additional 300 bbl of light oil flowed to Read More

U.S. consumer spending strengthening in boost to economy

1 day ago DieselGasoil Comments Off on U.S. consumer spending strengthening in boost to economy
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken. FILE PHOTO: Durable goods are seen on sale in a store in Los Read More

U.S. core retail sales accelerate in November

1 day ago DieselGasoil Comments Off on U.S. core retail sales accelerate in November
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. FILE PHOTO: Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson The Read More