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Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US

9 hours ago DieselGasoil Comments Off on Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US
Word that US President Donald Trump is pushing for a sale of F-16 fighters to Taiwan worth $8 billion is unlikely to help a ‘deal’ with China, as Beijing’s already blaming Washington for the Hong Kong protests and the tariff war. The proposed sale of 66 modernized jet fighters is still a rumor, as no Read More

Japan keeps gobbling up US debt as Russia keeps on dumping

20 hours ago DieselGasoil Comments Off on Japan keeps gobbling up US debt as Russia keeps on dumping
China lost its status of top foreign holder of US Treasury securities in June for the first time in around two years, US Treasury Department data released on Thursday shows. Japan is now the top holder of US debt. Japan added $21.9 billion to its stockpile of US Treasury Bills, bringing its holdings to a Read More

China vows immediate retaliation if US proceeds with new tariffs

2 days ago DieselGasoil Comments Off on China vows immediate retaliation if US proceeds with new tariffs
Beijing has refused to sit idle if Washington hits $300 billion worth of Chinese imports with additional 10 percent levies, calling the decision a violation of agreements reached by presidents Donald Trump and Xi Jinping. “The Chinese side will have to implement necessary counter-measures,” the State Council Tariff Committee said in a short statement on Read More

China’s trade threats deal fresh blow to world stocks

2 days ago DieselGasoil Comments Off on China’s trade threats deal fresh blow to world stocks
LONDON (Reuters) – China’s threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 14, Read More

‘Back-loaded’ hurricane season in store for U.S. Gulf of Mexico

2 days ago DieselGasoil Comments Off on ‘Back-loaded’ hurricane season in store for U.S. Gulf of Mexico
By Brian K. Sullivan on 8/15/2019 BOSTON (Bloomberg) – Don’t be lulled by a quiet June and July, the real Atlantic hurricane season is about to kick off. The hurricane season generally runs from June 1 to the end of November. But the next six weeks — “the season within a season” — is regularly Read More

Stocks steady after rout, pinning hopes on central banks

2 days ago DieselGasoil Comments Off on Stocks steady after rout, pinning hopes on central banks
LONDON (Reuters) – World shares held at 2-1/2-month lows on Thursday and Wall Street was set for a firmer open as investors bet the U.S. Federal Reserve and other central banks would respond strongly to recession warnings emanating from bond markets. FILE PHOTO: A man uses a mobile phone in front of an electronic board Read More

Dow posts biggest one-day drop since October as recession fears take hold

2 days ago DieselGasoil Comments Off on Dow posts biggest one-day drop since October as recession fears take hold
NEW YORK (Reuters) – Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years. All three major U.S. indexes closed down about 3%, with the blue-chip Dow posting its biggest one-day point drop since October after 2-year Read More

India gets above-average monsoon rains for third straight week: weather office

3 days ago DieselGasoil Comments Off on India gets above-average monsoon rains for third straight week: weather office
FILE PHOTO: A passenger train moves through a water-logged track during heavy rains in Mumbai, India, July 1, 2019. REUTERS/Francis Mascarenhas MUMBAI (Reuters) – Monsoon rains in India in the week through Wednesday were above average for a third straight week, the weather office said, easing concerns of drought, although excessive rainfall flooded many districts in Read More

Mortgage debt in US exceeds 2008 financial crisis peak

3 days ago DieselGasoil Comments Off on Mortgage debt in US exceeds 2008 financial crisis peak
US mortgage debt has hit a record in the second quarter of 2019, exceeding the peak it reached during the 2008 financial crisis. However, delinquencies are lower and debt defaults have become less frequent than in 2008. Mortgage balances rose by $162 billion in the second quarter of 2019 to $9.406 trillion, surpassing the figure Read More

StanChart eyes $100 billion private bank assets in growth push, to hire bankers

3 days ago DieselGasoil Comments Off on StanChart eyes $100 billion private bank assets in growth push, to hire bankers
HONG KONG (Reuters) – Standard Chartered (STAN.L) is targeting growing its private banking assets by 50% to about $100 billion in three to five years and hire dozens of bankers in Hong Kong and Singapore toward that goal, a senior executive of the lender said. FILE PHOTO: A logo of Standard Chartered is displayed at Read More