Growth in oil tanker shares can run a bit longer, analysts and investors say, though they see weakness in dry bulk, liquid natural gas and container shipping extending into 2016 or beyond. The broad maritime market, as represented by the Guggenheim Invest Shipping ETF (SEA.P), has fallen 8.5 percent so far this year. The Guggenheim ETF includes companies ranging from oil tanker Nordic American Tankers Ltd (NAT.N), which has risen
U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that opened the door wider to a Federal Reserve interest rate increase in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction and manufacturing jobs offset further declines in the mining sector, the Labor Department said on Friday. “We view this report
U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that opened the door wider to a Federal Reserve interest rate increase in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction and manufacturing jobs offset further declines in the mining sector, the Labor Department said on Friday. “We view this report
Coca-Cola Co is nearing a deal to buy a minority stake in U.S. organic juice company Suja Life LLC, people familiar with the matter said on Friday, as the soft drink giant tries to identify the next big …
Coca-Cola Co is nearing a deal to buy a minority stake in U.S. organic juice company Suja Life LLC, people familiar with the matter said on Friday, as the soft drink giant tries to identify the next big …
BRUSSELS/ATHENS (Reuters) – Greece is on track to complete a draft deal on a third bailout by Tuesday and possibly get a first disbursement by Aug. 20 to meet a key payment, sources familiar with a conference call of senior EU finance officials late on Friday said. Athens is negotiating with European Union institutions and the International Monetary Fund for up to 86 billion euros ($94 billion) in fresh loans
BRUSSELS/ATHENS (Reuters) – Greece is on track to complete a draft deal on a third bailout by Tuesday and possibly get a first disbursement by Aug. 20 to meet a key payment, sources familiar with a conference call of senior EU finance officials late on Friday said. Athens is negotiating with European Union institutions and the International Monetary Fund for up to 86 billion euros ($94 billion) in fresh loans
The search for clues to whether the Federal Reserve will raise U.S. interest rates in September for the first time in nearly a decade is set to intensify next week. “Because this report was not extraordinarily strong, it was simply in line with expectations, that leaves the markets having to look toward other data,” said Paul Christopher, head global market strategist at Wells Fargo Investment Institute in St. Louis. July
The search for clues to whether the Federal Reserve will raise U.S. interest rates in September for the first time in nearly a decade is set to intensify next week. “Because this report was not extraordinarily strong, it was simply in line with expectations, that leaves the markets having to look toward other data,” said Paul Christopher, head global market strategist at Wells Fargo Investment Institute in St. Louis. July
Traders and investors await Commodity Futures Trading Commission (CFTC) data at 3:30 p.m. EDT to determine if money managers again had slashed their bullish exposure to U.S. crude in the week to Aug 4. Government data showing U.S. gasoline stocks exceeded market estimates by about 300,000 barrels last week has pushed global oil benchmark Brent to six-month lows and U.S. crude to a 4-1/2-month trough since Wednesday.
