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U.S., China bicker over ‘extravagant expectations’ on trade deal

12 hours ago DieselGasoil Comments Off on U.S., China bicker over ‘extravagant expectations’ on trade deal
BEIJING/WASHINGTON (Reuters) – China accused the United States on Monday of harboring “extravagant expectations” for a trade deal, underlining the gulf between the two sides as U.S. action against China’s technology giant Huawei began hitting the global tech sector. A surveillance camera is seen next to containers at a logistics center near Tianjin Port, in Read More

Russian vodka, chocolate & wine in demand … in Argentina?

3 days ago DieselGasoil Comments Off on Russian vodka, chocolate & wine in demand … in Argentina?
Products made in Russia, such as wine, vodka and chocolate, could be in high demand on the shelves of Argentinean shops, said a member of the Chamber of Deputies of the National Congress of Argentina, Carlos Gaston Roma. “Russian wine has a different flavor … If you go to a wine boutique in Argentina, you Read More

Adiós gringo? Venezuela & Russia negotiating swap of US dollar for ruble in bilateral trade

3 days ago DieselGasoil Comments Off on Adiós gringo? Venezuela & Russia negotiating swap of US dollar for ruble in bilateral trade
Caracas is in talks with Moscow over the possibility of using the Russian ruble in mutual trade settlements and abandoning dollar transactions, according to Venezuela’s representative to the UN office in Geneva Jorge Valero. The ambassador added that the countries are also discussing the use of Venezuelan state-sponsored oil-backed cryptocurrency El Petro, launched last year. Read More

After Huawei blow, China says U.S. must show sincerity for talks

4 days ago DieselGasoil Comments Off on After Huawei blow, China says U.S. must show sincerity for talks
BEIJING (Reuters) – The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S. President Donald Trump dramatically raised the stakes with a potentially devastating blow to Chinese tech giant Huawei. A worker cycles past containers outside a logistics center near Tianjin Port, in northern China, Read More

U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions

4 days ago DieselGasoil Comments Off on U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions
(Reuters) – Investors rattled by lingering trade tensions between the United States and China pulled $12.27 billion from U.S.-based equity funds in the week ended Wednesday, according to data released by Refinitiv’s Lipper research service on Thursday. It was the category’s fourth consecutive week of outflows, Lipper data showed. Investors sought shelter from plummeting equity Read More

Huawei to challenge U.S. export sanction which it says will harm America

4 days ago DieselGasoil Comments Off on Huawei to challenge U.S. export sanction which it says will harm America
A security robot with Huawei 5G technology is displayed at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee WASHINGTON (Reuters) – Huawei Technologies said on Thursday it will challenge a decision by the U.S. Commerce Department to add the Chinese company to a export blacklist, warning the decision Read More

China opposes U.S. move to blacklist telecom giant Huawei

5 days ago DieselGasoil Comments Off on China opposes U.S. move to blacklist telecom giant Huawei
BEIJING (Reuters) – China on Thursday slammed a decision by the U.S. government to put telecom giant Huawei on a blacklist and said it will take steps to protect its companies, in a further test of ties as the superpowers clash over trade. China strongly opposes other countries imposing unilateral sanctions on Chinese entities, a Read More

Russia could take hold of China’s entire gas market

5 days 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

Peltz’s Trian Fund may push for changes at mutual fund Legg Mason

6 days ago DieselGasoil Comments Off on Peltz’s Trian Fund may push for changes at mutual fund Legg Mason
NEW YORK (Reuters) – Nelson Peltzs’ Trian Fund Management LP may push Legg Mason Inc. to implement changes to boost returns, a person familiar with the matter said on Tuesday, the second time in 10 years that Trian has targeted the mutual fund company. FILE PHOTO: Nelson Peltz founding partner of Trian Fund Management LP. Read More

OSRL enhances its service capability to SWIS subscribers with Maritech’s Sea/response software platform

6 days ago DieselGasoil Comments Off on OSRL enhances its service capability to SWIS subscribers with Maritech’s Sea/response software platform
5/14/2019 LONDON — Oil Spill Response Limited (OSRL), on behalf its Subsea Well Intervention Services (SWIS) members (which include BP, Chevron, ConocoPhillips, ExxonMobil, Equinor, Petrobras, Shell, and Total) is pleased to announce that it has entered into a license with Maritech Services Ltd (Maritech) for the provision of an offshore emergency response software tool: Sea/response. Read More