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Sour crude complex firms despite dip in product margins

4 days ago NAMEX Comments Off on Sour crude complex firms despite dip in product margins
Singapore — The Middle East sour crude complex, led by benchmark Dubai crude futures, continued its trek upwards as buyers shrugged aside the downward slide in product margins, while demand for October-loading sour crude barrels remained firm. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11 am in Read More

Oil inches higher after U.S. crude stocks drawdown, economic worries weigh

4 days ago NAMEX Comments Off on Oil inches higher after U.S. crude stocks drawdown, economic worries weigh
SINGAPORE (Reuters) – Oil prices edged higher on Thursday after a drawdown in U.S. crude inventories, but lingering concerns over the global economy and a build-up in U.S. refined product stocks kept a lid on gains. FILE PHOTO: A pump jack operates at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Read More

Morning News Call – India, August 22

4 days ago NAMEX Comments Off on Morning News Call – India, August 22
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 09:30 am: Junior Finance Minister Anurag Singh Thakur, Chief Economic Advisor Krishnamurthy Subramanian and NITI Aayog Vice Chairman Rajiv Kumar will be present at Mindmine Summit Read More

E-cigarette firms probed over health concerns by U.S. House panel

4 days ago NAMEX Comments Off on E-cigarette firms probed over health concerns by U.S. House panel
FILE PHOTO: Juul brand vaping pens are seen for sale in a shop in Manhattan in New York City, New York, U.S., February 6, 2019. REUTERS/Mike Segar WASHINGTON (Reuters) – Four dominant e-cigarette manufacturers face a probe into the health impacts of their products, as the U.S. House Energy and Commerce Committee asked on Wednesday Read More

Wall Street rises as Target, Lowe’s results point to consumer confidence

4 days ago NAMEX Comments Off on Wall Street rises as Target, Lowe’s results point to consumer confidence
NEW YORK (Reuters) – Wall Street’s main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from last month’s Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut. FILE PHOTO: Traders work on the floor at the New York Read More

Reforms to Colombia capital market may face rough road in Congress -experts

4 days ago NAMEX Comments Off on Reforms to Colombia capital market may face rough road in Congress -experts
BOGOTA (Reuters) – Colombia’s capital market requires a long list of reforms to attract new investors and boost the local market, but may face a thorny path to change as the government wrestles with limited congressional pull, experts and executives said this week. FILE PHOTO: Colombian Finance Minister Alberto Carrasquilla Barrera speaks with Colombian lawmakers Read More

GLOBAL MARKETS-Stocks rise with focus on stimulus; U.S. yield curve flat

4 days ago NAMEX Comments Off on GLOBAL MARKETS-Stocks rise with focus on stimulus; U.S. yield curve flat
NEW YORK (Reuters) – A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 13, Read More

Global stocks lead risk rally ahead of Fed minutes

4 days ago NAMEX Comments Off on Global stocks lead risk rally ahead of Fed minutes
NEW YORK (Reuters) – A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 19, 2019. REUTERS/Staff Read More

Target shares surge on same-day delivery boost

4 days ago NAMEX Comments Off on Target shares surge on same-day delivery boost
(Reuters) – Target Corp beat expectations for earnings and raised its full-year outlook on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores, sending shares 19% higher. The retailer has spent billions of dollars on its push to compete with the ease of delivery provided by Amazon.com Read More

Fearing tobacco’s fate, palm oil industry fights back

4 days ago NAMEX Comments Off on Fearing tobacco’s fate, palm oil industry fights back
KUALA LUMPUR (Reuters) – On the morning of Feb. 26, executives from a Washington consultancy presented a strategy paper to some of the most powerful officials in the Malaysian palm oil industry. FILE PHOTO: Land that has been cleared is pictured at an oil palm plantation in Johor, Malaysia February 26, 2019. REUTERS/Edgar Su/File Photo Read More