Top News & Analysis North Dakota

  • U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity. U.S. crude futures, meanwhile, traded around $54 per barrel on Friday, up 2% after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia.

  • Plains from Friday to Sunday are likely to damage unharvested corn and soybean crops in parts of North Dakota, South Dakota, Minnesota, Nebraska and Iowa, meteorologists said on Wednesday. The winter-like blast could dump up to 3 feet of snow in central and eastern North Dakota and send temperatures plunging into the 20 s Fahrenheit in Nebraska, western Iowa,...

  • *Soybeans near 3- month high on talk of China purchase offer. Oct 9- Chicago soybeans rose for a second session on Wednesday, trading near a three-month peak, boosted by a newspaper report that China had offered to increase its purchases of soybeans as part of a trade deal with the United States. The most-active soybean contract on the Chicago Board Of Trade was up...

  • Wheat notched the biggest gain, with the benchmark Chicago Board of Trade soft red winter wheat contract rising 2.3%. "caught some chart buying as it became clear we would score an outside day higher on the bar charts," Charlie Sernatinger, global head of grain futures at ED&F Man Capital, said in a note to clients. Chicago Board of Trade November soybean futures...

  • LONDON, Oct 2- A downturn in oil and gas drilling is making a small but significant contribution to the overall slowdown in U.S. business investment and economic growth, intensifying the much bigger problems caused by the trade war with China. The last slump in oil and gas drilling contributed to the mid-cycle economic slowdown in 2015/ 16, which helped fuel the...

  • LONDON, Oct 2- A downturn in oil and gas drilling is making a small but significant contribution to the overall slowdown in U.S. business investment and economic growth, intensifying the much bigger problems caused by the trade war with China. The last slump in oil and gas drilling contributed to the mid-cycle economic slowdown in 2015/ 16, which helped fuel the...

  • LONDON, Oct 1- U.S. oil production growth is decelerating gradually in response to lower prices, which should reduce predicted over-supply in 2020 and force the global oil market back towards balance. Domestic crude production fell 276,000 barrels per day to 11.806 million bpd in July, according to data published by the U.S. Energy Information Administration...

  • LONDON, Oct 1- U.S. oil production growth is decelerating gradually in response to lower prices, which should reduce predicted over-supply in 2020 and force the global oil market back towards balance. Domestic crude production fell 276,000 barrels per day to 11.806 million bpd in July, according to data published by the U.S. Energy Information Administration...

  • NEW YORK, Sept 30- U.S. crude oil output fell 276,000 barrels per day in July to 11.81 million bpd, its third monthly decline from its record high in April at 12.12 million bpd, according to a U.S. Energy Information Administration monthly report released on Monday. Output in North Dakota rose by 14,000 bpd to a record 1.41 million bpd while Texas production climbed...

  • Sept 27- After a difficult, months-long search for a new chief executive, scandal-plagued Wells Fargo& Co named as its next leader Charles Scharf, a one-time Jamie Dimon protégé known on Wall Street as a detail-oriented number cruncher who excels in streamlining operations. Bank of New York Mellon named former finance head Thomas Gibbons as its CEO on an...

  • Sept 27- Wells Fargo& Co on Friday named Charles Scharf, the chief executive officer of Bank of New York Mellon, to its top job. Wells Fargo interim CEO Allen Parker will continue to serve in the role until Scharf joins on Oct. 21, the bank said. Parker, 64, was thrust into the position in March when former CEO Tim Sloan resigned abruptly, saying pressure from politicians...

  • *WELLS FARGO NAMES CHARLES W. SCHARF CHIEF EXECUTIVE OFFICER AND PRESIDENT. *WELLS FARGO NAMES CHARLES W. SCHARF CHIEF EXECUTIVE OFFICER AND PRESIDENT. *WELLS FARGO NAMES CHARLES W. SCHARF CEO AND PRESIDENT.

  • Wells Fargo's interim CEO, Allen Parker, will continue to serve in the role until Scharf joins on Oct. 21, the bank said.

  • "It's really bad news in a year like this, when commodity prices are so low to begin with," said Joel Ransom, an agronomist with North Dakota State University in Fargo. Farmers in North Dakota, by far the largest U.S. spring wheat producer, have already endured low prices for soybeans, the state's top-grossing crop. Soy surpluses in North Dakota and elsewhere have...

  • HAZELTON, N.D., Sept 17- As the 2018 harvest approached, North Dakota farmer Mike Appert had a problem- too many soybeans and nowhere to put them. So Appert, who farms 48,000 acres, cut a check for $800,000 to build eight new permanent steel bins. But most farmers do not have $800,000 to spend on steel bins, and many are going under.

  • CATHAY PACIFIC- DUE TO REDUCED TRAVEL DEMAND, INCREASED MIX OF TRANSIT PASSENGERS& STRENGTHENING USD, PASSENGER YIELD UNDER FURTHER PRESSURE IN AUG.

  • RPT- CATHAY PACIFIC AIRWAYS- GIVEN CURRENT SIGNIFICANT DECLINE IN FORWARD BOOKINGS FOR REMAINDER OF YEAR, TO MAKE SHORT-TERM TACTICAL MEASURES.

  • NEW YORK, Sept 10- JPMorgan Chase& Co lowered its outlook for 2019 net interest income by about $500 million on Tuesday, following similar moves by rival big banks Wells Fargo& Co and Citigroup Inc.. "Our will be a little bit lower than we told you last time," Chief Executive Officer Jamie Dimon said at Barclays' Financial Services Conference in New York.

  • Wells Fargo relies heavily on interest rates to boost revenue, since it manages rate-sensitive deposits and mortgage securities. On July 31, the U.S. central bank cut its key overnight lending rate to a target range of 2.00% to 2.25% due to concerns about the global economy on the back of the U.S.- China trade war and muted U.S. inflation. Wells Fargo Chief...

  • Wells Fargo is the first major lender to provide updated net interest income guidance following the U.S. Speaking at an investor conference, Wells Fargo Chief Financial Officer John Shrewsberry said the San Francisco- based lender expects net interest income to fall 6% in 2019, compared with its earlier expectations of about a 5% drop. Wells Fargo relies...