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

1 hour 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

Toshiba Memory sees ‘good chance’ of M&A in push for data center business

2 hours ago DieselGasoil Comments Off on Toshiba Memory sees ‘good chance’ of M&A in push for data center business
TOKYO (Reuters) – Japan’s Toshiba Memory said there was a “good chance” of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers. FILE PHOTO: Toshiba’s flash memory factory is pictured during a media tour in Yokkaichi, western Japan September 9, 2014. REUTERS/Reiji Murai/File Photo Toshiba Read More

Trump denies Iran held ‘CIA spies’ after ‘breaking ring’

3 hours ago DieselGasoil Comments Off on Trump denies Iran held ‘CIA spies’ after ‘breaking ring’
Claims from Iran that it broke up a CIA spying ring have been dismissed as “totally false” by Donald Trump. Iran also said it had sentenced some of the 17 suspects to death But the US president said the claims contained “zero truth”. Mr Trump tweeted: “The report of Iran capturing CIA spies is totally Read More

Oil prices rise more than 1% after Iran seizes British tanker

4 hours ago DieselGasoil Comments Off on Oil prices rise more than 1% after Iran seizes British tanker
LONDON (Reuters) – Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude futures climbed 79 cents, or Read More

Libya’s NOC lifts force majeure on Sharara crude loadings

6 hours ago DieselGasoil Comments Off on Libya’s NOC lifts force majeure on Sharara crude loadings
London — Libya’s National Oil Corporation said Monday it has lifted the force majeure on Sharara crude oil loadings from the Zawiya terminal after the country’s largest oil field was shut in for two days following the closure of a valve by an unidentified party. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

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

8 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

Iran sentences ‘CIA spies’ to death after ‘breaking ring’

9 hours ago DieselGasoil Comments Off on Iran sentences ‘CIA spies’ to death after ‘breaking ring’
Iran says it has broken up a CIA spying ring and sentenced some of the 17 suspects to death. According to an Intelligence Ministry statement read on state TV, the alleged spies were “employed in sensitive and vital private sector centres in the economic, nuclear, infrastructural, military and cyber areas… where they collected classified information”. Read More

Hyundai Motor logs biggest profit gain in seven years on currency, new models

10 hours ago DieselGasoil Comments Off on Hyundai Motor logs biggest profit gain in seven years on currency, new models
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) on Monday posted its steepest quarterly net profit gain in over seven years, as a weaker local currency helped lift U.S. income, while new models boosted domestic sales. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Read More

Did someone say rate cut? Five questions for the ECB

10 hours ago DieselGasoil Comments Off on Did someone say rate cut? Five questions for the ECB
LONDON (Reuters) – After weeks of speculation that interest rate cuts and another round of asset purchases are on their way, investors hope Thursday’s European Central Bank meeting will give the clearest signal yet of imminent policy easing, if not the details. FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside Read More

Oil gains as Middle East Gulf tensions flare, Libya field shut

12 hours ago DieselGasoil Comments Off on Oil gains as Middle East Gulf tensions flare, Libya field shut
SINGAPORE/TOKYO (Reuters) – Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East and after Libya reported the shut down of its largest oil field. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October Read More