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China inks deals with Shell, majors as Xi signals open trade

2 hours ago DieselGasoil Comments Off on China inks deals with Shell, majors as Xi signals open trade
By Bloomberg News on 12/18/2018 HONG KONG and BEIJING (Bloomberg) — China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.  China National Offshore Oil said in Beijing on Tuesday that it had Read More

China & Japan lead global dumping of US sovereign debt

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The two biggest foreign holders of America’s sovereign debt pared their holdings in October, according to the latest data released by the US Treasury Department. Foreign holdings of US Treasuries have fallen to a one year low. China’s holdings of notes, bills and bonds fell to $1.14 trillion in October compared to $1.15 trillion in Read More

Huawei to spend $2 billion over five years in cybersecurity push

5 hours ago DieselGasoil Comments Off on Huawei to spend $2 billion over five years in cybersecurity push
HONG KONG (Reuters) – Huawei Technologies on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear.The typically secretive Chinese technology giant made the comments at one of Read More

Twitter tumbles on concerns about hacking activity

5 hours ago DieselGasoil Comments Off on Twitter tumbles on concerns about hacking activity
(Reuters) – Twitter Inc (TWTR.N) shares fell almost 7 percent on Monday after the company said it was investigating unusual traffic that might be from state-sponsored hackers and, in what appeared to be an unrelated issue, a security firm said hackers used the platform to try to steal user data. The Twitter logo is displayed Read More

US protectionism leading global trade into ‘deep crisis’ – EU

7 hours ago DieselGasoil Comments Off on US protectionism leading global trade into ‘deep crisis’ – EU
The EU ambassador to the World Trade Organization (WTO) has lambasted Washington’s tariffs and protectionist trade policy. He called the US the “epicenter” of the crisis in the multilateral trading system. “The multilateral trading system is in a deep crisis and the United States is at its epicenter,” EU ambassador Marс Vanheukelen said on Monday Read More

Nissan CEO plans one-on-one meeting with Renault boss in Amsterdam: sources

8 hours ago DieselGasoil Comments Off on Nissan CEO plans one-on-one meeting with Renault boss in Amsterdam: sources
TOKYO/PARIS (Reuters) – Nissan Motor’s (7201.T) CEO plans to meet one-on-one with the deputy CEO of automaking partner Renault (RENA.PA) in Amsterdam this week, sources told Reuters, amid tensions over the future of the alliance after Chairman Carlos Ghosn’s arrest last month. FILE PHOTO: Carlos Ghosn, former CEO of the Renault-Nissan Alliance arrives to a Read More

Qualcomm says Apple violating Chinese court order, despite new software

13 hours ago DieselGasoil Comments Off on Qualcomm says Apple violating Chinese court order, despite new software
(Reuters) – Qualcomm Inc said it believes Apple Inc remains in violation of a Chinese court’s orders to stop selling iPhones despite a software update that Apple pushed on Monday. FILE PHOTO: An attendee uses a new iPhone X during a presentation for the media in Beijing, China October 31, 2017. REUTERS/Thomas Peter/File Photo Qualcomm Read More

Global stocks dip as 'Santa Claus rally' elusive, oil rises

20 hours ago DieselGasoil Comments Off on Global stocks dip as 'Santa Claus rally' elusive, oil rises
NEW YORK (Reuters) – Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid The MSCI Read More

Czech cyber watchdog calls Huawei, ZTE products a security threat

21 hours ago DieselGasoil Comments Off on Czech cyber watchdog calls Huawei, ZTE products a security threat
PRAGUE (Reuters) – The Czech cyber watchdog warned network operators on Monday against using software or hardware made by Chinese telecom equipment suppliers Huawei and ZTE (000063.SZ), saying they posed a security threat. FILE PHOTO: People walk past a Huawei shop in Beijing, China, December 11, 2018. REUTERS/Thomas Peter Huawei, the world’s biggest producer of Read More

Futures dip as growth worries linger; Fed in focus

1 day ago DieselGasoil Comments Off on Futures dip as growth worries linger; Fed in focus
(Reuters) – U.S. stock index futures started the week cautiously on Monday, after skidding at the end of last week, as edgy investors waited for the Federal Reserve’s monetary policy guidance and its implications of slowing global growth. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December Read More