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Wall Street drops on trade worries, Fed Chair Powell’s speech
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NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates. FILE PHOTO: Traders work on the floor at the New York Read MoreInstant view: Powell – Fed is ‘insulated’ from short-term political pressure
5 hours ago DieselGasoil Comments Off on Instant view: Powell – Fed is ‘insulated’ from short-term political pressure
(Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers faced new calls by President Donald Trump to cut interest rates. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, U.S., Read MoreU.S. consumer confidence dives, trade tensions hurting economy
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WASHINGTON (Reuters) – U.S. consumer confidence tumbled to a 21-month low in June as households grew a bit more pessimistic about business and labor market conditions amid concerns about a recent escalation in trade tensions between the United States and China. FILE PHOTO: People shop at an H&M store during the grand opening of the Read MoreNokia not immune to impact of trade war uncertainty, says its China president
7 hours ago DieselGasoil Comments Off on Nokia not immune to impact of trade war uncertainty, says its China president
CALGARY, Alberta, June 25, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) announces that it was notified on June 21, 2019 that on the same day Randy Neely, President and CEO and Edward Ok, Vice President and Chief Fina Marseilles, June 24, 2019 Read More
Essential Energy Services Provides a Patent Litigation Update
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CALGARY, Alberta, June 25, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) provides an update with regards to the patent litigation. As previously disclosed, on April 25, 2019, the Federal Court of Appeal released its decision (the “Appeal Decision”) dismissing the appeal filed by Packers Plus Energy Services Inc. Read MoreGold soars to six-year high as trade, as Iran tensions mount
8 hours ago DieselGasoil Comments Off on Gold soars to six-year high as trade, as Iran tensions mount
NEW YORK (Reuters) – Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar. FILE PHOTO: Traders work on the main trading floor after the Read More
International Petroleum Corporation announces commencement of drilling program in Malaysia
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TORONTO, June 25, 2019 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has commenced drilling of the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia. IPC is the operator of Block PM307 and holds a 75% working interest, with Read More
Green bond issuance surpasses $100 billion so far this year: data
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LONDON (Reuters) – Global green bond issuance has surpassed the $100 billion mark already this year, the first time the milestone has been reached in the first half of this year, the Climate Bonds Initiative said on Tuesday. Green bonds are a growing category of fixed-income securities, which raise capital for projects with environmental benefits. Read More