The Traderszone Network

“What happened here was a fraud on the Ecuadorian courts,” Theodore Olson, Chevron’s lawyer, said. “The problem is, how do you write an opinion that does not open the door to attacks on judgments from around the world?” Deepak Gupta, Donziger’s lawyer, said.The appeal follows years of litigation by the villagers, who sued Texaco, which Chevron later acquired, over contamination in the jungle around Lago Agrio, Ecuador, between 1964 and 1992.The Ecuadoreans initially sued Chevron in federal court in Manhattan in 1993.

Oil prices dipped slightly on Tuesday but remained near a 2015 peak reached last week as expectations of another rise in U.S. stockpiles and near-record-high Saudi Arabian output were balanced by rising tension in the Middle East. Crude prices have climbed around 18 percent since the start of April due to mounting concern over conflict in Yemen, with the U.S. navy saying on Monday it had sent an aircraft carrier and a guided-missile cruiser into waters near the country. Brent crude for June delivery (LCOc1) was down 7 cents at $63.38 a barrel by 0349 GMT, after settling flat on Monday. U.S.

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Workers with a retirement plan such as a 401(k) are twice as likely to be confident about their future comfort and safety, according to the 25th annual Retirement Confidence Survey published today by the Employee Benefit Research Institute.
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Among the companies whose shares are expected to see active trade in Tuesday’s session are Yahoo, Verizon Communications, Chipotle Mexican, and Yum Brands.
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Investors should rotate out of U.S. stocks into emerging markets, says Mark Mobius, warning that corporate earnings are poised to disappoint.

Texas-based Blue Bell Creameries voluntary recalls all its products after two samples tested positive for listeriosis.

Asian stocks mirrored the global rally seen around the world early Tuesday, induced by China’s move over the weekend to stimulate its cooling economy.