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Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry

10 hours ago DieselGasoil Comments Off on Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry
LONDON (Reuters) – World share markets and bond yields nudged modestly higher on Thursday as the U.S. Federal Reserve’s second interest rate cut of the year and promises of support from other top central banks kept global recession jitters at bay. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

Fed pumps more cash as key rate breaks above target

1 day ago DieselGasoil Comments Off on Fed pumps more cash as key rate breaks above target
NEW YORK (Reuters) – The Federal Reserve injected another $75 billion into the U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank’s benchmark interest rate above its targeted range for the first time since the financial crisis. FILE PHOTO: Read More

U.S. bankers seize on repo-market stress to push for softer liquidity rules

1 day ago DieselGasoil Comments Off on U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Read More

Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon

1 day ago DieselGasoil Comments Off on Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon
WASHINGTON (Reuters) – JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the “right thing” in supporting the overnight funding needs of banks after borrowing costs suddenly spiked on Monday. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative Read More

Orca Announces Quarterly Dividend

2 days ago DieselGasoil Comments Off on Orca Announces Quarterly Dividend
TORTOLA, British Virgin Islands, Sept. 17, 2019 (GLOBE NEWSWIRE) — Orca Exploration Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 (Cdn) per Class A Common Voting Share of the Company and $0.06 (Cdn) per Class B Subordinate Voting Share Read More

Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO

2 days ago DieselGasoil Comments Off on Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO
Singapore — The fuel oil market has started to see International Maritime Organization-compliant marine fuel being shipped from Singapore to Fujairah, several market participants told S&P Global Platts, confirming expectations of imminent changes to global trade flows for residual fuels going into 2020. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

U.S. banking regulator proposes easing post-crisis derivatives rules for big banks

2 days ago DieselGasoil Comments Off on U.S. banking regulator proposes easing post-crisis derivatives rules for big banks
FILE PHOTO: A dragonfly is seen on a Wall Street sign in New York September 18, 2008. REUTERS/Eric Thayer WASHINGTON (Reuters) – A U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on how much cash big banks should set aside to safeguard derivatives trades between affiliates, marking one of the biggest wins for Read More

Oil sheds gains, stocks dip as Fed comes into focus

2 days ago DieselGasoil Comments Off on Oil sheds gains, stocks dip as Fed comes into focus
LONDON (Reuters) – Oil shed some of its gains on Tuesday as the United States raised the possibility of releasing crude reserves, while stocks inched lower as investors waited for this week’s Federal Reserve meeting. FILE PHOTO: People walk past the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls Read More

Oil sheds gains, stocks inch lower as focus turns to Fed

3 days ago DieselGasoil Comments Off on Oil sheds gains, stocks inch lower as focus turns to Fed
LONDON (Reuters) – Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, while stocks inched lower as investors remained on the sidelines ahead of this week’s Federal Reserve meeting. FILE PHOTO: Men are reflected on an electronic board showing the Nikkei stock index outside Read More

U.S. value fund managers betting shift to value stocks won’t last

3 days ago DieselGasoil Comments Off on U.S. value fund managers betting shift to value stocks won’t last
NEW YORK (Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid Read More