WASHINGTON (Reuters) - The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic. FILE PHOTO: A general view of an oil dock is seen from a ship at the port…
“WHO IS KILLING Tencent?” was the headline of an article on a Chinese business news site this autumn. Those sharing the link on WeChat, a social-media and payments service that is the crown jewel of the Chinese technology giant, see something else: “This title contains exaggerated and misleading information”. The swap is ostensibly the result…
(Reuters) - U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months. Traders work on the floor of the New York Stock Exchange (NYSE) in…
Image copyright AFP Image caption President Trump began reinstating sanctions on Iran in May The Trump administration is to reinstate all US sanctions on Iran removed under the 2015 nuclear deal.The White House said it was "the toughest sanctions regime ever imposed on Iran" and targeted Iran's energy, shipping and banking sectors. However, eight countries…
REDMOND, Wash. — Microsoft said Friday that it would sell the military and intelligence agencies whatever advanced technologies they needed “to build a strong defense,” just months after Google told the Pentagon it would refuse to provide artificial intelligence products that could build more accurate drones or compete with China for next-generation weapons. The announcement,…
AFTER WHAT had seemed an endless period of delay and crunches evaded, this week Theresa May at last presented a draft Brexit deal agreed by negotiators in Brussels. The prime minister steered it through a lengthy cabinet meeting on November 14th. Yet the following morning her own Brexit secretary, Dominic Raab, quit in protest. Others…
LONDON (Reuters) - A deal that would give London’s vast financial services hub basic access to European Union markets after Brexit is nearly done, a British official said. Canary Wharf skyline and the City of London can be seen from the Sea Containers building in London, Britain, October 11, 2018. REUTERS/Henry Nicholls Such a deal…
Equity investors are eyeing six key sectors after the midterm elections resulted in the Democrats seizing control of the House of Representatives, while Republicans maintained control of the Senate. While S&P 500 futures edged higher, here are the sectors most likely to see moves: Pharmaceutical and biotechnology stocks may gain if the stalemate takes away…
SINGAPORE (Reuters) - Singapore Prime Minister Lee Hsien Loong called on Monday for greater integration between Southeast Asian countries at a time when multilateralism is under threat. Singapore's Prime Minister Lee Hsien Loong speaks at the ASEAN Business and Investment Summit in Singapore, November 12, 2018. REUTERS/Athit Perawongmetha His remarks came at a business summit…
Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday. “The US-China conflict—it’s not a positive, it’s not something that is going to help growth [in China] but neither is it going to necessarily impact the overall macro economy,” said Jonathan…
