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Goldman bumps up no-deal Brexit odds after May resignation

2 days ago DieselGasoil Comments Off on Goldman bumps up no-deal Brexit odds after May resignation
FILE PHOTO: A Goldman Sachs sign is displayed inside the company’s post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2017. REUTERS/Brendan McDermid/File Photo LONDON (Reuters) – Goldman Sachs raised its probability of a no-deal Brexit to 15% from 10% on Friday as Prime Minister Theresa May’s Read More

North Korea warns no more talks until US backs off ‘impossible demands’

2 days ago DieselGasoil Comments Off on North Korea warns no more talks until US backs off ‘impossible demands’
Negotiations between the United States and North Korea over the latter’s nuclear program will not resume until the US administration backs off from what Pyongyang has characterized as a unilateral demand that it disarm. US President Donald Trump and North Korean Supreme Leader Kim Jong-un held summits in Singapore in June 2018 and in Hanoi Read More

Exclusive: Chile’s Codelco set for copper output hit as key mine goes underground

3 days ago DieselGasoil Comments Off on Exclusive: Chile’s Codelco set for copper output hit as key mine goes underground
SANTIAGO (Reuters) – Codelco’s giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world’s top copper miner as it scrambles to maintain output. FILE PHOTO: A dump truck carries copper ore out of Chuquicamata Read More

‘We won’t be complicit’: Italian dock workers refuse to load Saudi arms ship over Yemen war

6 days ago DieselGasoil Comments Off on ‘We won’t be complicit’: Italian dock workers refuse to load Saudi arms ship over Yemen war
Italian unions have refused to load cargo onto a Saudi ship carrying weapons, in protest against Riyadh’s war on Yemen. The dock workers have gone on strike, refusing to work until the ship leaves port in Genoa. While the Saudi Arabian ship, the Bahri-Yanbu, was expected to leave for Jeddah by the end end of Read More

Saudi pipeline attack highlights risk to Middle East oil exports, as tensions rise

1 week ago DieselGasoil Comments Off on Saudi pipeline attack highlights risk to Middle East oil exports, as tensions rise
By Salma El Wardany on 5/16/2019 Pipeline attacks, stock photo. CAIRO (Bloomberg) — Saudi Arabia accused Iran of ordering this week’s attack on key oil facilities, stoking concerns that the world’s largest oil-producing region is edging toward another war. Crude prices rose. Prince Khalid Bin Salman, the vice minister for defense and brother of Saudi Read More

China warns U.S. move against Huawei could hurt trade talks

1 week ago DieselGasoil Comments Off on China warns U.S. move against Huawei could hurt trade talks
WASHINGTON/BEIJING (Reuters) – The Trump administration’s decision to sanction and potentially cripple Chinese telecoms giant Huawei Technologies Co Ltd garnered a sharp rebuke on Thursday from Beijing, which warned that the move could damage trade talks. A Huawei logo is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. Read More

Burden of Trump’s trade war to fall on US businesses & consumers, expert tells RT’s Boom Bust

1 week ago DieselGasoil Comments Off on Burden of Trump’s trade war to fall on US businesses & consumers, expert tells RT’s Boom Bust
As the US and China continue to exchange blows in an ongoing trade battle, Professor Richard Wolff talks to RT’s Boom Bust about the possible outcomes of the skirmish. “It is already costing jobs, it is already costing money, it is now costing huge losses in stock markets and the irony of it all is Read More

Russia could take hold of China’s entire gas market

2 weeks ago DieselGasoil Comments Off on Russia could take hold of China’s entire gas market
As the trade war between Washington and Beijing intensifies, the United States is poised to lose out on a major gas market, and Russia could pick up the slack. With an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent with another $300 billion worth of Chinese Read More

Trump calls trade war with China ‘little squabble,’ says talks ongoing

2 weeks ago DieselGasoil Comments Off on Trump calls trade war with China ‘little squabble,’ says talks ongoing
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday called the trade war with China “a little squabble” and insisted talks between the world’s two largest economies had not collapsed, as investors remained on guard for a further escalation of tit-for-tat tariffs. Trump, who has railed against what he describes as China’s unfair trade practices Read More

Trump says no decision yet on levying tariffs on more Chinese goods

2 weeks ago DieselGasoil Comments Off on Trump says no decision yet on levying tariffs on more Chinese goods
WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he was has not made a decision to go ahead with tariffs on another $325 billion in goods from China and said he plans to meet with Chinese President Xi Jinping at the G20 summit next month. Trump said the meeting with Xi at the Read More