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Shale bond buyers get picky as more producers default

7 hours ago DieselGasoil Comments Off on Shale bond buyers get picky as more producers default
By Caleb Mutua on 8/20/2019 NEW YORK (Bloomberg) – After years pouring funds into the shale boom, bond buyers are getting increasingly selective as defaults rise and many explorers continue to burn more cash than they make. While Exxon Mobil and Occidental Petroleum have recently sold a combined $20 billion of investment-grade debt, junk rated Read More

Home Depot beats quarterly profit estimates, warns of tariff impact

8 hours ago DieselGasoil Comments Off on Home Depot beats quarterly profit estimates, warns of tariff impact
(Reuters) – Home Depot Inc (HD.N) beat quarterly profit estimates on Tuesday as it sold more big-ticket items to high-spending builders and handymen, while flagging the potential impact of U.S. President Donald Trump’s ongoing trade tussle with China on consumers. FILE PHOTO: A Home Depot delivery truck drives on Wall St. in New York City, Read More

Elanco to become No.2 in animal health with $7.6 billion Bayer deal

12 hours ago DieselGasoil Comments Off on Elanco to become No.2 in animal health with $7.6 billion Bayer deal
(Reuters) – Elanco Animal Health (ELAN.N) agreed to buy Bayer’s (BAYGn.DE) veterinary drugs unit on Tuesday in a cash and stock deal valued at $7.6 billion, creating the second largest animal health business and expanding Elanco’s reach online. FILE PHOTO: Elanco Animal Health Inc. President and CEO Jeff Simmons, speaks during an interview at the Read More

Asia shares edge up as stimulus hopes temper recession worries

17 hours ago DieselGasoil Comments Off on Asia shares edge up as stimulus hopes temper recession worries
TOKYO (Reuters) – Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato Read More

Asian shares nudge higher on stimulus hopes, recession fears ease

21 hours ago DieselGasoil Comments Off on Asian shares nudge higher on stimulus hopes, recession fears ease
TOKYO (Reuters) – Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. Read More

Wall Street rallies on hopes of global economic stimulus

1 day ago DieselGasoil Comments Off on Wall Street rallies on hopes of global economic stimulus
NEW YORK (Reuters) – U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. The benchmark S&P 500 has recovered most of its losses following Wednesday’s brief inversion of the yield curve Read More

Wall Street rallies as investors cheer global stimulus efforts

1 day ago DieselGasoil Comments Off on Wall Street rallies as investors cheer global stimulus efforts
NEW YORK (Reuters) – U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Fed’s Rosengren says cutting rates could worsen next downturn: Bloomberg

1 day ago DieselGasoil Comments Off on Fed’s Rosengren says cutting rates could worsen next downturn: Bloomberg
FILE PHOTO: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks during the “Hyman P. Minsky Conference on the State of the U.S. and World Economies,” in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo (Reuters) – Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support Read More