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Wall Street set to bounce after turbulent week

20 hours ago DieselGasoil Comments Off on Wall Street set to bounce after turbulent week
(Reuters) – Hopes of more official stimulus for the economy and the easing of a bond market rally put Wall Street on track to open sharply higher on Friday, as a bruising week for markets drew to a close. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

Futures climb on stimulus hopes, Nvidia results

21 hours ago DieselGasoil Comments Off on Futures climb on stimulus hopes, Nvidia results
(Reuters) – U.S. stock index futures rose 1% on Friday, as hopes of more stimulus from central banks helped lift some gloom in what has been a turbulent week for markets. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz The Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

24 hours ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

TransGlobe Energy Corporation Announces an Update to a Significant Shareholder

1 day ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces an Update to a Significant Shareholder
CALGARY, Alberta, Aug. 16, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) understands that as of August 14, 2019, Morgan Stanley, through various funds, individuals and/or institutional clients of the foregoing, beneficially own an aggregate interest in 5,006,884 common shares of the Company, which represents Read More

Recession fears hit Wall Street after grim China, German data

3 days ago DieselGasoil Comments Off on Recession fears hit Wall Street after grim China, German data
(Reuters) – Wall Street was set to open lower on Wednesday, as poor economic data from China and Germany put the focus back on the impact of a bruising Sino-U.S. trade war which is pushing some major economies toward the brink of recession. FILE PHOTO: Traders work on the floor at the New York Stock Read More

Asian stocks cheer Trump’s delay of some China tariffs

3 days ago DieselGasoil Comments Off on Asian stocks cheer Trump’s delay of some China tariffs
TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. FILE PHOTO: A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share Read More

Asian stocks bounce in relief as Trump delays China tariffs

3 days ago DieselGasoil Comments Off on Asian stocks bounce in relief as Trump delays China tariffs
TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. FILE PHOTO: A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share Read More

CBS, Viacom reunite with plans for bigger role in streaming TV wars

3 days ago DieselGasoil Comments Off on CBS, Viacom reunite with plans for bigger role in streaming TV wars
(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants. FILE PHOTO: A trader works below the CBS Corporation logo on the floor Read More

U.S. regulators to drop accounting test in ‘Volcker’ rewrite: sources

4 days ago DieselGasoil Comments Off on U.S. regulators to drop accounting test in ‘Volcker’ rewrite: sources
WASHINGTON (Reuters) – U.S. regulators have circulated a new draft of the “Volcker Rule” that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, according to two people with knowledge of the matter. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue Read More