Asian stocks, US futures rise ahead of midterms: Markets Wrap

Asian stocks, US futures rise ahead of midterms: Markets Wrap

An electronic ticker at the Philippine Stock Exchange (PSE), operated by the Philippine Stock Exchange Inc., in Taguig, Philippines, Friday, June 24, 2022. The exchange will permanently close its trading floor after the pandemic accelerated its migration to “floorless trading ” in the midst of a digital shift that is changing the operation of capital … Read more

Glencore employees moved bribe cash by private jet, a court in London was told

Glencore employees moved bribe cash by private jet, a court in London was told

LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore ( GLEN.L ) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday . Glencore Energy UK Limited paid – or failed to prevent the … Read more

Demand for diesel fuel skyrockets – KTVU FOX 2 San Francisco

Demand for diesel fuel skyrockets – KTVU FOX 2 San Francisco

Demand for diesel is skyrocketingKTVU FOX 2 San Francisco Low diesel supply threatens to exacerbate the inflationary crisisFox Business No, the US is not going to run out of diesel in 25 daysCBS News When diesel is gone Famine will flourishNewsmax TURNER: The Biden Admin seems to think the diesel crisis will magically resolve itselfDaily … Read more

IMF: Oil gains enable UAE to support sustainable economic growth

IMF: Oil gains enable UAE to support sustainable economic growth

Hussam Abdulnabi (Dubai) A report by the International Monetary Fund projected that crude oil producers would achieve cumulative oil gains of around $1 trillion between 2022 and 2026, which oil-exporting countries like the UAE could use to continue investing in projects that support sustainable economic growth. The report, details of which were revealed during a … Read more

Both sides are losing in the US-Saudi feud

Both sides are losing in the US-Saudi feud

Silence is golden. Said to be an old Arabic proverb, this is good advice for both the US and Saudi governments if they are to retain any chance of salvaging a security relationship that is more important now than when it began eight decades ago. The West is invested in the war in Ukraine and … Read more

Caution Clouds Global Assets Ahead of Fed Meeting: Markets Wrap

Caution Clouds Global Assets Ahead of Fed Meeting: Markets Wrap

Asian stocks were headed lower on Wednesday to follow U.S. stocks lower as hopes that the Federal Reserve would soften its hawkish stance faded on robust U.S. jobs data.

An energy education for Democrats

An energy education for Democrats

A customer pumps gas at an Exxon gas station. Photo: Marta Lavandier/Associated Press If the Democrats lose next week’s election, one of the reasons will be skyrocketing energy prices. The lesson that an election defeat must drive home is that this is the result of their own politics. Consider President Biden’s outrage Friday over last … Read more

Chevron Earnings Crush Estimates on Higher Oil and Gas Prices. The Stock Rises.

Chevron Earnings Crush Estimates on Higher Oil and Gas Prices. The Stock Rises.

Chevron stock climbed in premarket trading Friday after the oil and gas giant delivered a big earnings beat in the third quarter. Chevron (ticker: CVX) reported adjusted earnings of $10.8 billion, or $5.56 a share, a 90% increase on the year-ago period but below the $11.4 billion it reported in the second quarter. Operating revenue … Read more

Global stocks mixed amid China gains, US tech woes: Markets Wrap

Global stocks mixed amid China gains, US tech woes: Markets Wrap

Global equity investors analyzed mixed messages on Thursday, as Chinese stocks looked set to rally further while weak technology earnings dragged down US stocks. Government bonds are yielding and the dollar fell.