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Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources

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SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport Read More

Exclusive: U.S. to extend Huawei’s partial reprieve on supply curbs – sources

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SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, sources familiar with the situation said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Read More

South Korea versus Japan delivered 380 CST bunker price spread hits record high

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Singapore — The delivered 380 CST bunker fuel price spread between South Korea and Japan widened to a record high Thursday, due to persistent tightness in high sulfur fuel oil supply in South Korea and rising supply in Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The South Read More

Walmart’s earnings beat allays worry over tariff impact for now

2 days ago DieselGasoil Comments Off on Walmart’s earnings beat allays worry over tariff impact for now
WASHINGTON (Reuters) – U.S. retailer Walmart Inc (WMT.N) reported an estimate-beating jump in second-quarter U.S. comparable sales on Thursday as shoppers spent more at its stores and websites, sending its shares up 5% in premarket trading. FILE PHOTO: Walmart signs are displayed inside a Walmart store in Mexico City, Mexico, March 28, 2019. REUTERS/Edgard Garrido/File Read More

Stocks wilt as bond markets flash recession warnings

3 days ago DieselGasoil Comments Off on Stocks wilt as bond markets flash recession warnings
LONDON (Reuters) – Stock markets slumped on Wednesday as Germany’s economy went into reverse, fuelling fears of global recession and slamming the brakes on a rally for equities after Washington delayed tariffs on some Chinese imports. FILE PHOTO: Traders sit at their desks in front of the DAX board at the Frankfurt stock exchange, Germany Read More

Global stocks take fright as recession warnings grow

3 days ago DieselGasoil Comments Off on Global stocks take fright as recession warnings grow
LONDON (Reuters) – European stocks fell on Wednesday as Germany’s economy went into reverse, reviving fears of global recession and tempering a rally for equities after Washington delayed tariffs on some Chinese imports. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Europe’s Read More

Asian stocks cheer Trump’s delay of some China tariffs

3 days ago DieselGasoil Comments Off on Asian stocks cheer Trump’s delay of some China tariffs
TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. FILE PHOTO: A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share Read More

Asian stocks bounce in relief as Trump delays China tariffs

3 days ago DieselGasoil Comments Off on Asian stocks bounce in relief as Trump delays China tariffs
TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. FILE PHOTO: A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share Read More

Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump

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WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales. The delay which, affects about half of the $300 billion target list of Read More

Fate of Iranian supertanker held by Gibraltar to be decided

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By Deborah Haynes, foreign affairs editor A court hearing in Gibraltar on Thursday could pave the way for the release of an Iranian super tanker after Iran said Britain would soon release the vessel. A source close to the Gibraltarian government on Tuesday dismissed reports in Iran that the Grace 1 would be set free Read More