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Standard Chartered faces fine for sanctions breaches: Sky News

8 hours ago DieselGasoil Comments Off on Standard Chartered faces fine for sanctions breaches: Sky News
A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – Banking group Standard Chartered (STAN.L) is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office of Financial Sanctions Implementation, which includes police and intelligence officers Read More

Standard Chartered faces fine in coming weeks for sanctions breaches: Sky News

9 hours ago DieselGasoil Comments Off on Standard Chartered faces fine in coming weeks for sanctions breaches: Sky News
A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – Standard Chartered PLC (STAN.L) is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office of Financial Sanctions Implementation, which includes police and intelligence officers as Read More

China prepares its ‘nuclear option’ in trade war

10 hours ago DieselGasoil Comments Off on China prepares its ‘nuclear option’ in trade war
As the trade war continues to escalate, China is becoming increasingly active in Iran and is considering retaliating with what has long been described as the country’s ‘nuclear option’. For the first of these projects – Phase 11 of the supergiant South Pars non-associated gas field (SP11) – last week saw a statement from the chief executive Read More

US unseals warrant to seize Iranian ‘Grace 1’ tanker released in Gibraltar

15 hours ago DieselGasoil Comments Off on US unseals warrant to seize Iranian ‘Grace 1’ tanker released in Gibraltar
The US has ordered the seizure of newly freed Iranian oil tanker ‘Grace 1,’ charging the ship with illegally using the US financial system to sell oil to Syria to support the IRGC after Gibraltar released the vessel. The Justice Department has unsealed a warrant ordering the seizure and forfeiture of the Iranian tanker, all Read More

US unseals warrant to seize Iranian Grace 1 tanker released in Gibraltar

22 hours ago DieselGasoil Comments Off on US unseals warrant to seize Iranian Grace 1 tanker released in Gibraltar
The US has ordered the seizure of newly-freed Iranian oil tanker Grace 1, charging the ship with illegally using the US financial system to sell oil to Syria to support the IRGC after Gibraltar released the vessel. The Justice Department has unsealed a warrant ordering the seizure and forfeiture of the Iranian tanker, all of Read More

Dollar firms, global stocks soar on ECB rate cut expectations

24 hours ago DieselGasoil Comments Off on Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the Read More

Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US

1 day ago DieselGasoil Comments Off on Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US
Word that US President Donald Trump is pushing for a sale of F-16 fighters to Taiwan worth $8 billion is unlikely to help a ‘deal’ with China, as Beijing’s already blaming Washington for the Hong Kong protests and the tariff war. The proposed sale of 66 modernized jet fighters is still a rumor, as no Read More

Republican Iowa senator says Trump EPA ‘screwed us’ with biofuel waivers

1 day ago DieselGasoil Comments Off on Republican Iowa senator says Trump EPA ‘screwed us’ with biofuel waivers
WASHINGTON (Reuters) – Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. FILE PHOTO: U.S. Senate Judiciary Committee Chairman Senator Chuck Grassley (R-IA) Read More

Yields rise on German fiscal stimulus hopes

1 day ago DieselGasoil Comments Off on Yields rise on German fiscal stimulus hopes
NEW YORK (Reuters) – Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt. FILE PHOTO: A sign marks the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder Government Read More