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Russia to retaliate if US expands its near-border radar facility in Norway – Foreign Ministry

2 hours ago DieselGasoil Comments Off on Russia to retaliate if US expands its near-border radar facility in Norway – Foreign Ministry
Moscow has vowed to retaliate if Washington sees through the modernization of its Globus-2 radar facility in Norway, saying that the radar is used specifically to spy on Russia. The warning was issued by the Foreign Ministry spokeswoman Maria Zakharova on Wednesday during a press briefing. “There is every reason to believe that the radar Read More

Wall Street slides on fears of likely U.S.-China tech cold war

4 hours ago DieselGasoil Comments Off on Wall Street slides on fears of likely U.S.-China tech cold war
(Reuters) – Wall Street’s main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.-China trade spat could turn into a tech cold war between the two countries. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 23, 2019. REUTERS/Brendan Read More

Wall St. to fall at open on fears of likely U.S.-China tech cold war

6 hours ago DieselGasoil Comments Off on Wall St. to fall at open on fears of likely U.S.-China tech cold war
(Reuters) – Wall Street’s main indexes were set to open lower on Thursday, as investors feared that the U.S.-China trade spat could spiral into a technology cold war between the two countries, with no signs of resolution in sight. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Pakistan tests Shaheen-II ballistic missile as India counts election votes

8 hours ago DieselGasoil Comments Off on Pakistan tests Shaheen-II ballistic missile as India counts election votes
Pakistan has said it test-fired a ballistic missile, amid tensions with India, while also claiming it wants peace with its rival. The statement comes as India counts election votes, with Narendra Modi expected to retain power. Pakistan’s military claims the missile is capable of delivering conventional and nuclear weapons at a range of up to Read More

Renewed U.S.-China trade tensions push down Wall Street

22 hours ago DieselGasoil Comments Off on Renewed U.S.-China trade tensions push down Wall Street
NEW YORK (Reuters) – Wall Street’s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. A day after Washington’s temporary easing of curbs against Huawei Technology Co Ltd provided respite to U.S. stocks, reports that the White House could impose restrictions on another Chinese technology Read More

Next round of U.S. tariffs on China at least a month away: Mnuchin

22 hours ago DieselGasoil Comments Off on Next round of U.S. tariffs on China at least a month away: Mnuchin
WASHINGTON/BEIJING (Reuters) – The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Treasury Secretary Steven Mnuchin testifies before the House Financial Services Committee hearing on “The Annual Testimony of Read More

U.S. business group says retaliation rising in China amid trade war

2 days ago DieselGasoil Comments Off on U.S. business group says retaliation rising in China amid trade war
BEIJING (Reuters) – A top U.S. business lobby in China said on Wednesday that nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington. FILE PHOTO: A woman walks past a bench painted in the colours of the U.S. flag Read More

Asian stocks off four-month lows, but Huawei row weighs

3 days ago DieselGasoil Comments Off on Asian stocks off four-month lows, but Huawei row weighs
TOKYO (Reuters) – Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China’s Huawei, although fears of a further escalation in tensions kept investors on edge. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Read More

Worries of longer, costlier U.S.-China trade war hits markets

3 days ago DieselGasoil Comments Off on Worries of longer, costlier U.S.-China trade war hits markets
WASHINGTON/BEIJING (Reuters) – Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end their dispute. Investors added up the costs of higher tariffs on Chinese and U.S. goods as well Read More

Chinese farm stocks gaining as US-China trade war escalates

3 days ago DieselGasoil Comments Off on Chinese farm stocks gaining as US-China trade war escalates
The latest exchange of tariff hikes between Washington and Beijing have driven Chinese banking and tech stocks lower. However, the turmoil has benefited the country’s agricultural sector which managed to outperform. The long-running trade dispute between the world’s largest economies has intensified recently, adding to investor concerns. Earlier this month, US President Donald Trump announced Read More