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Fed’s Rosengren flags risks to economy in WeWork-style model

2 hours ago NAMEX Comments Off on Fed’s Rosengren flags risks to economy in WeWork-style model
(Reuters) – The rise in co-working spaces, like those offered by WeWork, may be a source of financial instability that could make the next U.S. recession worse by sparking a run on commercial real estate, Boston Federal Reserve Bank President Eric Rosengren said on Friday. FILE PHOTO: The WeWork logo is displayed on the entrance Read More

Wall Street drops after China cancels trip to Montana farmland

2 hours ago NAMEX Comments Off on Wall Street drops after China cancels trip to Montana farmland
(Reuters) – Wall Street dropped on Friday, and also finished the week lower, after a Chinese agriculture delegation canceled a planned visit to Montana, dampening optimism about U.S.-China trade talks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid The delegates, Read More

Uber sues New York City over ‘cruising cap’ rule -filing

2 hours ago NAMEX Comments Off on Uber sues New York City over ‘cruising cap’ rule -filing
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Uber Technologies Inc sued New York City on Friday over a new rule limiting how much Read More

EMERGING MARKETS-Latam FX set to log first weekly loss in three as stimulus cheer fades

2 hours ago NAMEX Comments Off on EMERGING MARKETS-Latam FX set to log first weekly loss in three as stimulus cheer fades
(Updates with weekly loss; updates prices) By Sruthi Shankar Sept 20 (Reuters) - An index of Latin American currencies fell on Friday, set for its first weekly loss in three, as optimism over a fresh round of stimulus for emerging economies was offset by doubts about progress in U.S.-China trade talks. MSCI's index of Latin Read More

UPDATE 3-Walmart to stop sales of e-cigarettes in U.S. stores -company memo

2 hours ago NAMEX Comments Off on UPDATE 3-Walmart to stop sales of e-cigarettes in U.S. stores -company memo
WASHINGTON (Reuters) – Walmart Inc (WMT.N) told staff on Friday it will stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores, amid a growing crackdown on surging teenage use of such products, reports of vaping-related lung disease and some deaths. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Read More

McDermott rebounds as it weighs unit sale to boost liquidity

4 hours ago NAMEX Comments Off on McDermott rebounds as it weighs unit sale to boost liquidity
By Simon Casey on 9/20/2019 NEW YORK (Bloomberg) – McDermott International’s shares doubled in early trading and its bonds jumped after the energy industry contractor said it’s exploring the sale of its Lummus Technology business, a move that may give the heavily indebted company some badly needed liquidity. Expressions of interest value the unit at Read More

McDermott to explore sale of Lummus Technology unit; shares jump 50%

4 hours ago NAMEX Comments Off on McDermott to explore sale of Lummus Technology unit; shares jump 50%
DieselGasoil 1 week ago London — Mangalore Refinery and Petrochemicals Ltd. has begun to restart its crude distillation unit after fixing damage caused by heavy rain, company officials said. The refinery shut Phase-III… Read More

Saudis reveal extent of damage to Kuharis oilfield following attack

4 hours ago NAMEX Comments Off on Saudis reveal extent of damage to Kuharis oilfield following attack
By Anthony DiPaola on 9/20/2019 ABQAIQ, SAUDI ARABIA (Bloomberg) – Saudi Aramco revealed the significant damage caused by aerial strikes on its Khurais oil field and Abqaiq crude-processing plant last weekend, and insisted that the sites will be back to pre-attack output levels by the end of the month. Abqaiq crude processing facility Aramco took Read More

Twitter purges hundreds of accounts from Egypt & UAE for ‘pro-Saudi messaging’ that targeted IRAN & QATAR

4 hours ago NAMEX Comments Off on Twitter purges hundreds of accounts from Egypt & UAE for ‘pro-Saudi messaging’ that targeted IRAN & QATAR
Twitter has permanently banned nearly three hundred accounts based in Egypt and the United Arab Emirates, citing “platform manipulation” which boosted support for the Saudi government and “targeted” countries like Iran and Qatar. The latest purge was announced in a blog post on Friday, stating the company had removed a “network of 273 accounts” for Read More

CME to start offering options on bitcoin futures early next year

4 hours ago NAMEX Comments Off on CME to start offering options on bitcoin futures early next year
NEW YORK (Reuters) – CME Group, the world’s largest futures exchange operator, said on Friday it plans to launch options on its bitcoin futures contracts in the first quarter of 2020, giving traders another way to hedge their risk in the cryptocurrency. CME launched bitcoin futures in December 2017 and has signed up 3,300 individual Read More