Eurozone Economy Falls Further Behind U.S.

The eurozone economy slowed sharply this summer, posting the weakest quarter in five years, as the region begins to suffer from a slowdown in China and turmoil in Italy takes a toll. Tuesday’s figures also suggest that the outlook for the bloc remains uncertain. With China’s economy slowing, the global economy seems set to cool
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A ship carrying U.S. soybeans changed destination from China to Vietnam on Saturday as exporters find new buyers for American supplies amid an escalating trade war. Bulk carrier Audacity left Louis Dreyfus’ Pier 86 terminal in Seattle on Oct. 21 for Qingdao, China with 69,244 metric tons of soybeans, according to U.S. Department of Agriculture
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What does tight oil have in common with FAANG stocks? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It’s the hot investment play in the oil and gas index, it’s outperformed like mad, and it’s been driving to distraction those that don’t own any. Just like the tech disruptors, tight
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What if that was as good as it gets? The Commerce Department reported Friday that U.S. gross domestic product expanded at a 3.5% annual rate in the third quarter. Coming off a 4.2% growth rate in the second quarter, it marked one of the best six-month stretches for the U.S. economy in the past decade.
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WASHINGTON: Strong consumer and Government spending powered economic growth in the third quarter, although a warning sign about the outlook emerged in the form of weak business investment. Gross domestic product — the value of all goods and services produced in the U.S. — grew at a seasonally and inflation-adjusted annual rate of 3.5% from
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Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows. The situation reflects an unusual set of events, including urgent needs by Venezuela and Mexico for cash for debt payments
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The United States is looking for a “pragmatic” approach to the implementation of new marine fuel emission rules that go into effect in 2020, a U.S. Coast Guard official said. The United States will seek to develop a proposal or proposals with like-minded countries for a May 2019 meeting of the International Maritime Organization’s (IMO)
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Strong consumer and government spending powered economic growth in the third quarter, although a warning sign about the outlook emerged in the form of weak business investment. Gross domestic product — the value of all goods and services produced in the U.S. — grew at a seasonally and inflation-adjusted annual rate of 3.5% from July
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The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington plans new sanctions targeting Iran’s oil sector from Nov. 4 with the aim of stopping the country’s involvement in conflicts in Syria and Iraq, and
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Chinese imports of grains such as sorghum plunged in September from the year before, customs data showed on Tuesday, hit by escalating trade tensions with the United States and high prices elsewhere. Imports of sorghum, largely used in China to feed the country’s massive livestock herd, fell 76.9 percent from the same month last year
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