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Trump sparks oil rally with Iran spat

20 mins ago DieselGasoil Comments Off on Trump sparks oil rally with Iran spat
By Grant Smith on 5/24/2019 Photo: U.S. President Donald Trump. LONDON (Bloomberg) — Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation. In the past two days, however, oil has suffered its Read More

Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits

4 hours ago DieselGasoil Comments Off on Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits
LONDON (Reuters) – World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May’s resignation briefly sent sterling fluctuating wildly. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, Read More

Light PBOC touch makes once unlikely yuan at 7/$ seem possible

6 hours ago DieselGasoil Comments Off on Light PBOC touch makes once unlikely yuan at 7/$ seem possible
SHANGHAI (Reuters) – As China’s yuan slips to historically weak levels against the dollar, the central bank’s atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, Read More

Asia stocks flat as trade worries linger, Europe to open higher

8 hours ago DieselGasoil Comments Off on Asia stocks flat as trade worries linger, Europe to open higher
TOKYO/HONG KONG (Reuters) – Asian stock markets were mixed on Friday, with sentiment torn between investors worried that the U.S.-China trade war was becoming more protracted, and others hopeful that the world’s two largest economies would reach a settlement soon. FILE PHOTO: A man is reflected in an electronic board showing the graph of the Read More

Oil recovers, but set for biggest weekly loss of 2019

9 hours ago DieselGasoil Comments Off on Oil recovers, but set for biggest weekly loss of 2019
SINGAPORE (Reuters) – Oil prices recouped more than 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More

Fears of deeper U.S.-China trade war push Asian shares to four-month low

11 hours ago DieselGasoil Comments Off on Fears of deeper U.S.-China trade war push Asian shares to four-month low
Tokyo (Reuters) – Asian stocks stumbled to a four-month low on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets. FILE PHOTO: A man is reflected in an electronic board showing the graph of Read More

Oil bounces back, but markets remain fragile amid trade disputes

11 hours ago DieselGasoil Comments Off on Oil bounces back, but markets remain fragile amid trade disputes
SINGAPORE (Reuters) – Oil prices jumped more than 1% on Friday amid OPEC supply cuts and Middle East tensions, but still did not fully recoup losses earlier in the week on economic slowdown jitters and swelling inventories – their steepest drops since the start of the year. FILE PHOTO: An oil pump jack pumps oil Read More

Asian shares at four-month low on deepening U.S.-China trade war

13 hours ago DieselGasoil Comments Off on Asian shares at four-month low on deepening U.S.-China trade war
Tokyo (Reuters) – Asian shares hobbled near four-month lows on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets. FILE PHOTO: A man is reflected in an electronic board showing the graph of the Read More

Global shares slide on fear trade spat is now a tech cold war

19 hours ago DieselGasoil Comments Off on Global shares slide on fear trade spat is now a tech cold war
NEW YORK (Reuters) – World shares skidded further on Thursday and oil prices slid more than 5% as investors worried the China-U.S. trade spat was turning into a technology cold war between the world’s two largest economies, boosting the dollar and sending benchmark government debt yields down. Worries over German manufacturing, trade-sensitive Asian economies, Brexit Read More

Beijing lodges ‘solemn’ protests with US over Huawei blacklisting amid tech cold war

1 day ago DieselGasoil Comments Off on Beijing lodges ‘solemn’ protests with US over Huawei blacklisting amid tech cold war
Chinese Commerce ministry spokesman Gao Feng said Thursday that his government had lodged “solemn representations” with the US over its decision to bar the telecoms giant Huawei from purchasing US goods. Feng said that China hoped the US will behave rationally and curb what he described as its “dangerous actions.” He added that Beijing would Read More