Archive for Tank

U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude

U.S. sanctions on Venezuela’s oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.

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Read more here: U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude

Category: businessNews

Trump push for China trade reform draws wide support at home, abroad

U.S. President Donald Trump’s blunt-force use of tariffs in pursuing his “America First” trade agenda has angered many, from company executives to allied governments and members of both parties of Congress.

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Read more here: Trump push for China trade reform draws wide support at home, abroad

Category: businessNews

Oil prices drop almost 1 percent on concerns recession may be looming

Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela.

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Read more here: Oil prices drop almost 1 percent on concerns recession may be looming

Category: businessNews

Global stocks tumble as bond markets sound U.S. recession warning

Investors ditched shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favor on growing fears about a U.S. recession, sending global yields plunging.

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Read more here: Global stocks tumble as bond markets sound U.S. recession warning

Category: businessNews

Fed’s Evans says good time to pause and be cautious

Chicago Federal Reserve Bank President Charles Evans said on Monday that it is a good time for the U.S. central bank to pause and adopt a cautious stance, adding he did not expect any interest rate hikes until the second half of next year.

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Read more here: Fed’s Evans says good time to pause and be cautious

Category: businessNews

Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service

Boeing Co said it invited more than 200 airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service.

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Read more here: Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service

Category: businessNews

Boeing invites pilots, regulators to brief about plan to support 737 MAX’s return

Boeing Co said it invited more than 200 airline pilots, technical leaders and regulators for an informational session on Wednesday, as part of an effort to share details about its plan to support the return of the 737 MAX to commercial service.

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Read more here: Boeing invites pilots, regulators to brief about plan to support 737 MAX’s return

Category: businessNews

Oil prices fall as markets brace for potential U.S. recession

Oil prices dropped on Monday as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC’s production cutbacks and U.S. sanctions on Iran and Venezuela.

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Read more here: Oil prices fall as markets brace for potential U.S. recession

Category: businessNews

Stocks tumble, bonds rally as U.S. recession risk flashes ‘amber’

Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets fell out of favour on growing worries about an impending U.S. recession, sending global yields plunging.

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Read more here: Stocks tumble, bonds rally as U.S. recession risk flashes ‘amber’

Category: businessNews

Tesla raising prices on inventory cars by about 3%, Elon Musk says

Prices on Tesla vehicles have bounced up and down in recent months, irritating some prospective customers.

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Read more here: Tesla raising prices on inventory cars by about 3%, Elon Musk says

Category: businessNews

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