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Analysis: National oil producers raise trading game in battle for oil trade flows

9 mins ago DieselGasoil Comments Off on Analysis: National oil producers raise trading game in battle for oil trade flows
Highlights Aramco hires traders for new London desk NOC push heaps new pressure on Vitol, others Peak oil demand seen fueling trading expansion With Saudi Aramco preparing to open a new trading office in London, rival state-run producers are watching closely as the oil giant leads the charge by resource-rich national oil companies to compete Read More

Asian shares creep higher as wary investors await U.S. data, earnings

7 hours ago DieselGasoil Comments Off on Asian shares creep higher as wary investors await U.S. data, earnings
SHANGHAI (Reuters) – Most Asian stock markets rose on Tuesday, but gains were limited as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely U.S. rate cut later this month. FILE PHOTO: The German share price index DAX graph is pictured at Read More

Analysis: Singapore 95/92 RON gasoline spread at 14-month high on octane booster demand

7 hours ago DieselGasoil Comments Off on Analysis: Singapore 95/92 RON gasoline spread at 14-month high on octane booster demand
The FOB Singapore 95/92 RON gasoline spread rebounded Monday from multi-year lows seen in June to a 14-month high, fueled by a surge in octane boosters demand, industry sources told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The 95/92 RON gasoline spread — the difference Read More

Asian shares inch up as cautious investors await U.S. data, earnings

11 hours ago DieselGasoil Comments Off on Asian shares inch up as cautious investors await U.S. data, earnings
SHANGHAI (Reuters) – Major Asian equity indicators nudged higher on Monday as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely U.S. rate cut this month. FILE PHOTO: A man looks at a stock quotation board outside a brokerage Read More

Asian shares tick up, U.S. data, earnings in focus ahead of Fed

13 hours ago DieselGasoil Comments Off on Asian shares tick up, U.S. data, earnings in focus ahead of Fed
SHANGHAI (Reuters) – Asian shares inched up on Tuesday as traders awaited U.S. retail sales data and more corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely U.S. rate cut by the end of the month. FILE PHOTO: A man looks at a stock quotation board Read More

S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high

18 hours ago DieselGasoil Comments Off on S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high
NEW YORK (Reuters) – The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc (C.N) kicked off the earnings season with a mixed quarterly report. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July Read More

S&P trades near flat as Citigroup results weigh on bank stocks

19 hours ago DieselGasoil Comments Off on S&P trades near flat as Citigroup results weigh on bank stocks
NEW YORK (Reuters) – The benchmark S&P 500 index struggled for direction in choppy trade on Monday as earnings season began in earnest with a mixed quarterly report from Citigroup Inc (C.N). Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid The bank Read More

China data supports stocks as U.S. earnings season begins

20 hours ago DieselGasoil Comments Off on China data supports stocks as U.S. earnings season begins
NEW YORK (Reuters) – A gauge of global stocks edged higher on Monday after economic data from China came in as expected, although stocks on Wall Street slipped as financials showed some weakness in the wake of Citigroup’s earnings report. Traders work on the floor of the New York Stock Exchange shortly after the opening Read More

Nomura pays $26.5 million to settle U.S. charges over traders’ lies about bond prices

21 hours ago DieselGasoil Comments Off on Nomura pays $26.5 million to settle U.S. charges over traders’ lies about bond prices
NEW YORK (Reuters) – Nomura Holdings Inc will pay $26.5 million to settle U.S. Securities and Exchange Commission charges that it failed to properly supervise five former traders who lied to customers about mortgage bond prices. FILE PHOTO: Investors stand in front of a screen showing the logo of Nomura Holdings in Tokyo, Japan, December Read More

Chinese data supports stocks as U.S. earnings season picks up

23 hours ago DieselGasoil Comments Off on Chinese data supports stocks as U.S. earnings season picks up
NEW YORK (Reuters) – A gauge of global stocks advanced on Monday as economic data from China came in as expected, although stocks on Wall Street were little changed as financials showed some weakness in the wake of Citigroup’s earnings report. Traders work on the floor of the New York Stock Exchange shortly after the Read More