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The classic car industry could be hurt by tariffs, too

30 mins ago DieselGasoil Comments Off on The classic car industry could be hurt by tariffs, too
Bentley ‘Le Mans Sport ‘ was a Jazz Age speed demon Higher tariffs on cars and parts could sideswipe the collector car industry. More than 20 million cars are classified as “collector cars” in the United States, according to Hagerty Insurance, a company that insures them. More than $1.5 billion worth of collectable vehicles are Read More

Trump threatens tariffs on all $500 billion of Chinese imports

2 hours ago DieselGasoil Comments Off on Trump threatens tariffs on all $500 billion of Chinese imports
WASHINGTON (Reuters) – President Donald Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, remarks that sent the U.S. stock market and dollar retreating and threatened to escalate a trade clash with the Asian giant. FILE PHOTO: U.S. President Donald Trump participates in a cabinet meeting at Read More

Nigeria to devise green bond issuance program by end 2018

2 hours ago DieselGasoil Comments Off on Nigeria to devise green bond issuance program by end 2018
LAGOS (Reuters) – Nigeria’s debt office will devise a green bond program before the end of 2018 to raise funds for environmental projects, a junior minister for the environment said on Friday. Ibrahim Jibril said the capital market could see issues of around 208 billion naira ($682 million) this year to fund projects to reduce Read More

GE beats on EPS, but trims cash flow target, shares fall

3 hours ago DieselGasoil Comments Off on GE beats on EPS, but trims cash flow target, shares fall
(Reuters) – General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its outlook for the year and sending shares sharply lower. The 126-year-old industrial conglomerate, whose power and financial-services units are struggling, said it expects to generate perhaps $1 billion less free cash flow Read More

Baker Hughes second quarter profit misses estimate; outlook upbeat

3 hours ago DieselGasoil Comments Off on Baker Hughes second quarter profit misses estimate; outlook upbeat
(Reuters) – Baker Hughes, General Electric Co’s oilfield services arm, on Friday reported a slight profit miss on weaker revenues in its oilfield equipment and turbomachinery businesses, but delivered an upbeat outlook for the second half of the year. FILE PHOTO: A Baker Hughes sign is displayed outside the oil logistics company’s local office in Read More

S&P flat as gains in Microsoft offset tariff fears

4 hours ago DieselGasoil Comments Off on S&P flat as gains in Microsoft offset tariff fears
(Reuters) – The S&P 500 was trading flat on Friday as Microsoft’s robust results helped offset escalating tariff worries after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, Read More

Stocks Climbing Despite Trade Worries, But Other Markets Are Flashing Warning Signs

4 hours ago DieselGasoil Comments Off on Stocks Climbing Despite Trade Worries, But Other Markets Are Flashing Warning Signs
Shutterstock photo For many people, the recent direction of the stock market is somewhat puzzling. Even as trade wars have moved from being a threat to a reality, stocks have continued to climb higher, almost to the point of a complete recovery from the drop caused by the idea of Read More

Wall Street opens lower on renewed trade war fears

5 hours ago DieselGasoil Comments Off on Wall Street opens lower on renewed trade war fears
(Reuters) – U.S. stocks opened slightly lower on Friday as industrial stocks fell on worries of an escalation in trade war after President Donald Trump toughened his stance against China, but gains in Microsoft capped losses. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July Read More

Trump threatens tariffs on all $500 billion of Chinese imports: CNBC

6 hours ago DieselGasoil Comments Off on Trump threatens tariffs on all $500 billion of Chinese imports: CNBC
WASHINGTON (Reuters) – President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant. FILE PHOTO: U.S. President Donald Trump participates in a cabinet meeting at the White Read More

Baker Hughes reports slight profit miss, delivers upbeat outlook

6 hours ago DieselGasoil Comments Off on Baker Hughes reports slight profit miss, delivers upbeat outlook
(Reuters) – General Electric Co’s oilfield services arm Baker Hughes on Friday reported a slight profit miss on weaker sales in its oilfield equipment and turbomachinery businesses, sending the company’s shares down 2.4 percent. FILE PHOTO: A Baker Hughes sign is displayed outside the oil logistics company’s local office in Sherwood Park, near Edmonton, Alberta, Read More