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Philip Morris says Indian partner charges machinery costs; calls it 'business expense'

1 week ago DieselGasoil Comments Off on Philip Morris says Indian partner charges machinery costs; calls it 'business expense'
NEW DELHI (Reuters) – Philip Morris International Inc’s Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in India, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investment rules. FILE PHOTO: A packet of Marlboro cigarettes made by Philip Morris are pictured in this photo Read More

Trump's daughter-in-law to rivals: Wait until 2024, you won't beat him

1 week ago DieselGasoil Comments Off on Trump's daughter-in-law to rivals: Wait until 2024, you won't beat him
Lara Trump is at the forefront of the push to get Donald Trump another four years in the Oval Office. The president’s daughter-in-law is now senior adviser to the 2020 re-election campaign and she’s feeling confident about his chances. In an exclusive interview with Sky News at Trump Tower in New York, she dismissed the Read More

India's Godfrey Phillips says not violating country's foreign investment rules

1 week ago DieselGasoil Comments Off on India's Godfrey Phillips says not violating country's foreign investment rules
NEW DELHI (Reuters) – Indian cigarette manufacturer Godfrey Phillips on Monday said it was in compliance with the country’s foreign direct investment (FDI) rules, following a Reuters article that alleged it circumvented the laws. FILE PHOTO: A man smokes next to a cigarette advertisement hung on a tree at a marketplace in New Delhi, India, Read More

Exclusive: India investigating Philip Morris, Godfrey Phillips: source

2 weeks ago DieselGasoil Comments Off on Exclusive: India investigating Philip Morris, Godfrey Phillips: source
NEW DELHI (Reuters) – India’s main financial crime-fighting agency is investigating Philip Morris International Inc and its Indian partner Godfrey Phillips for alleged violation of the country’s laws, a senior directorate source told Reuters on Friday. Marlboro cigarette packets are seen inside a stall as a man stands outside in New Delhi, India March 6, Read More

Long before Trump’s trade war with China, Huawei’s activities were secretly tracked

2 weeks ago DieselGasoil Comments Off on Long before Trump’s trade war with China, Huawei’s activities were secretly tracked
(Reuters) – The surprise arrest of Huawei’s chief financial officer in December quickly turned the executive, Meng Wanzhou, into a central figure in a trade war between two economic superpowers. FILE PHOTO: A researcher works at a laboratory inside the headquarters of the Chinese telecommunications equipment and smartphone maker Huawei in Shenzhen, Guangdong province, China Read More

Exclusive: Meeting Maduro – Inside a U.S. businessman's oil deal with Venezuela

3 weeks ago DieselGasoil Comments Off on Exclusive: Meeting Maduro – Inside a U.S. businessman's oil deal with Venezuela
GULF STREAM, Fla. (Reuters) – In November 2017, Harry Sargeant III, a wealthy American businessman, flew to Venezuela to see about buying some oil. U.S. businessman Harry Sargeant III speaks about his dealings with Venezuela during an interview with Reuters at his home in Gulf Stream, Florida, U.S., February 7, 2019. Picture taken February 7, Read More

U.S. trade chief sees long-term China challenges, continued tariff threat

3 weeks ago DieselGasoil Comments Off on U.S. trade chief sees long-term China challenges, continued tariff threat
WASHINGTON (Reuters) – The United States will need to maintain the threat of imposing tariffs on Chinese goods for years even if Washington and Beijing strike a deal to end a costly trade war, U.S. Trade Representative Robert Lighthizer told lawmakers on Wednesday. FILE PHOTO: FILE PHOTO: U.S. Trade Representative Robert Lighthizer, left, listens as Read More

‘Straight out of Dr Strangelove’: Analysts slam Trump’s plan to trade nuclear secrets with Saudis

4 weeks ago DieselGasoil Comments Off on ‘Straight out of Dr Strangelove’: Analysts slam Trump’s plan to trade nuclear secrets with Saudis
Donald Trump’s mercantile courtship with Saudi Arabia, which now reportedly seeks to acquire US nuclear know-how, is placing the world in danger, analysts told RT, warning that Riyadh could develop atomic weapons to nuke Iran.  “It is very, very alarming. It’s a terrible thing to spread this kind of technology to a totalitarian state like Read More

Watchdog extends monitors mandate at Deutsche Bank on Danske dealings

1 month ago DieselGasoil Comments Off on Watchdog extends monitors mandate at Deutsche Bank on Danske dealings
FILE PHOTO: The financial district with the headquarters of Germany’s largest business bank, Deutsche Bank , is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank’s role in the a money Read More