newszine

China slaps anti-dumping duty on stainless steel from EU, Indonesia, Japan, and S Korea

26 mins ago DieselGasoil Comments Off on China slaps anti-dumping duty on stainless steel from EU, Indonesia, Japan, and S Korea
China’s Ministry of Commerce (MOC) on Monday announced anti-dumping measures on imported stainless steel products from the European Union and three Asian nations. Dumping is an international-trade term that describes a country or company exporting a product at a price that is lower in the foreign import market than the price in the exporter’s domestic Read More

Iran oil stacking up in Chinese ports adds to market uncertainty

1 hour ago DieselGasoil Comments Off on Iran oil stacking up in Chinese ports adds to market uncertainty
7/22/2019 BEIJING -Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to Read More

More rain and sun needed ahead of Ivory Coast main cocoa crop, say farmers

2 hours ago DieselGasoil Comments Off on More rain and sun needed ahead of Ivory Coast main cocoa crop, say farmers
ABIDJAN (Reuters) – Rains were below average last week in most of Ivory Coast’s cocoa growing regions and more sun was needed for the main October-to-March main crop to develop well, farmers said on Monday. As the April-to-September mid-crop comes to an end in the world’s top cocoa producer, planters said pods for the Ivory Read More

Crude futures rise as traders watch geopolitical tensions; Brent at $63.80, WTI at $56.78

4 hours ago DieselGasoil Comments Off on Crude futures rise as traders watch geopolitical tensions; Brent at $63.80, WTI at $56.78
Crude oil futures extended gains from the end of last week on Monday as traders continued to eye geopolitical tensions threatening supply from the Middle East and Libya. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 1035 GMT front-month ICE Brent September futures were up $1.33/b from Friday’s Read More

Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models

7 hours ago DieselGasoil Comments Off on Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, Read More

Dutch firm Philips tops quarterly sales estimates as growth picks up

8 hours ago DieselGasoil Comments Off on Dutch firm Philips tops quarterly sales estimates as growth picks up
AMSTERDAM (Reuters) – Dutch health technology company Philips (PHG.AS) on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its hospital equipment in China and the United States. FILE PHOTO: Dutch technology company Philips’ logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. Read More

Philips second-quarter results top estimates as growth picks up

9 hours ago DieselGasoil Comments Off on Philips second-quarter results top estimates as growth picks up
FILE PHOTO: Dutch technology company Philips’ logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo AMSTERDAM (Reuters) – Dutch health technology company Philips (PHG.AS) on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its hospital equipment in China and Read More

Hyundai Motor second-quarter net profit rises 31.2%, new models boost domestic sales

10 hours ago DieselGasoil Comments Off on Hyundai Motor second-quarter net profit rises 31.2%, new models boost domestic sales
FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Regis Duvignau/File Photo SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) on Monday said second-quarter net profit climbed 31.2%, as a weaker local currency helped lift U.S. income, while new models Read More

Philips second-quarter sales growth beats expectations

10 hours ago DieselGasoil Comments Off on Philips second-quarter sales growth beats expectations
FILE PHOTO: Dutch technology company Philips’ logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo AMSTERDAM (Reuters) – Dutch health technology company Philips (PHG.AS) on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, to 4.67 billion euros ($5.24 billion). Analysts polled by the company Read More

Dubai futures: Middle East crude tracks higher after Iran’s seizure of ships

11 hours ago DieselGasoil Comments Off on Dubai futures: Middle East crude tracks higher after Iran’s seizure of ships
Singapore — Benchmark Dubai crude futures rose in Asia early Monday as market participants mulled the possibility of an escalation in tensions after Iran detained two tankers in the Strait of Hormuz on Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:00 am Singapore time, September Dubai Read More