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Wall Street gains as earnings season gathers steam

12 hours ago DieselGasoil Comments Off on Wall Street gains as earnings season gathers steam
(Reuters) – U.S. stocks rose on Monday, lifted by technology companies, as investors eyed fresh U.S.-China trade developments during a busy week of corporate earnings with results from marquee names including Facebook and Amazon on tap. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. Read More

Wall St. set to open higher as earnings season gathers steam

14 hours ago DieselGasoil Comments Off on Wall St. set to open higher as earnings season gathers steam
(Reuters) – Wall Street’s main indexes were set to open higher on Monday as investors eyed fresh trade developments between the United States and China during a busy week of corporate earnings, with results from marquee names including Facebook and Amazon on tap. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Halliburton profit beats on international demand for oilfield services

15 hours ago DieselGasoil Comments Off on Halliburton profit beats on international demand for oilfield services
FILE PHOTO: Halliburton’s campus in Houston, Texas, U.S. May 18, 2017. REUTERS/Daniel Kramer (Reuters) – Halliburton Co (HAL.N) on Monday beat analysts’ estimates for second-quarter profit, as higher international demand for its oilfield services cushioned weakness in North America, its largest market. Oilfield service companies are depending on demand from international markets, which has recovered Read More

Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models

18 hours ago DieselGasoil Comments Off on Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, Read More

Hyundai Motor logs biggest profit gain in seven years on currency, new models

20 hours ago DieselGasoil Comments Off on Hyundai Motor logs biggest profit gain in seven years on currency, new models
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) on Monday posted its steepest quarterly net profit gain in over seven years, as a weaker local currency helped lift U.S. income, while new models boosted domestic sales. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Read More

Fed rate cut bets buoy stocks, dollar steadies

4 days ago DieselGasoil Comments Off on Fed rate cut bets buoy stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

Nissan, Volvo and FCA lead European sales decline

5 days ago DieselGasoil Comments Off on Nissan, Volvo and FCA lead European sales decline
PARIS (Reuters) – European car sales dropped 7.9% in June, led by bigger declines for Nissan (7201.T), Volvo and Fiat Chrysler (FCA) (FCHA.MI), according to industry data published on Wednesday. Registrations fell to 1.49 million cars last month from 1.62 million a year earlier across the European Union and EFTA countries, the Brussels-based Association of Read More

Fast and lean: How North Sea oil is learning from American shale

6 days ago DieselGasoil Comments Off on Fast and lean: How North Sea oil is learning from American shale
By Eddie Spence on 7/17/2019 LONDON (Bloomberg) –The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea. Motivated by lower crude prices and higher volatility, many companies are favoring smaller and nimbler investments known as “short-cycle projects.” That term — first coined in Read More

Crude oil futures recover from overnight fall, eyes US stock data

6 days ago DieselGasoil Comments Off on Crude oil futures recover from overnight fall, eyes US stock data
Singapore — Crude oil futures were higher during mid-morning trade in Asia Wednesday, recovering from their overnight slump as markets now looked ahead for US inventory data to provide direction. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:20 am Singapore time (0220 GMT), front-month ICE Brent September Read More

Strong U.S. retail sales boost economic outlook

6 days 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