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US-Iran tensions raise threat of an even graver conflict

4 hours ago DieselGasoil Comments Off on US-Iran tensions raise threat of an even graver conflict
By Deborah Haynes, foreign affairs editor President Donald Trump calls it his policy of “maximum pressure” on Iran. He believes a mixture of increasingly tough sanctions coupled with diplomatic isolation will force the Islamic Republic back to the negotiating table. But we have been here before. Tehran has already been subjected to intense international sanctions Read More

Global stocks mostly flat ahead of G20; dollar slips

5 hours ago DieselGasoil Comments Off on Global stocks mostly flat ahead of G20; dollar slips
NEW YORK (Reuters) – Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year. Traders work on the floor at the Read More

Exclusive: Huawei’s U.S. research arm builds separate identity

6 hours ago DieselGasoil Comments Off on Exclusive: Huawei’s U.S. research arm builds separate identity
(Reuters) – The U.S.-based research arm of China’s Huawei Technologies Co Ltd – Futurewei Technologies Inc – has moved to separate its operations from its corporate parent since the U.S government in May put Huawei on a trade blacklist, according to two people familiar with the matter. FILE PHOTO: A Huawei company logo at the Read More

Oil prices remain ‘very fragile’ amid supply and demand concerns: Vitol

7 hours ago DieselGasoil Comments Off on Oil prices remain ‘very fragile’ amid supply and demand concerns: Vitol
Crude oil prices remain fragile because they are caught between supply and demand uncertainties arising from the political climate in the Middle East and the US-China trade dispute, Vitol Group CEO Russell Hardy said at the Asia Oil & Gas Conference on Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Oman denies helping Trump to warn Iran about impending US attack

8 hours ago DieselGasoil Comments Off on Oman denies helping Trump to warn Iran about impending US attack
Omani authorities have denied reports that they relayed a message to Iran from President Donald Trump, warning them of an impending US strike. The aborted attack followed Iran shooting down a US surveillance drone. Responding to the report on Monday, Oman’s Foreign Ministry tweeted that rumors of them conveying a message from Trump were untrue, Read More

Trump tells countries to PAY UP if they want US protection in Strait of Hormuz

9 hours ago DieselGasoil Comments Off on Trump tells countries to PAY UP if they want US protection in Strait of Hormuz
Ever the businessman, US President Donald Trump saw something in the ongoing crisis in the Strait of Hormuz most others didn’t: a chance to rake in some cash by demanding foreign nations pay for “protection.” Trump took to Twitter Monday to, once again, call out world governments for supposedly freeloading off the US, this time Read More

G20 nerves hit Europe stocks; dollar slips to three-month low

12 hours ago DieselGasoil Comments Off on G20 nerves hit Europe stocks; dollar slips to three-month low
LONDON (Reuters) – European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears of an escalation in Iran tensions flared up. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More

Daimler slumps as diesel (gasoil) costs wipe out profit growth

13 hours ago DieselGasoil Comments Off on Daimler slumps as diesel (gasoil) costs wipe out profit growth
FRANKFURT (Reuters) – Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it was setting aside hundreds of millions of euros to cover a regulatory crackdown on diesel (gasoil) emissions. The Daimler logo is seen before the Daimler annual Read More

Lufthansa announces overhaul of budget carrier Eurowings

13 hours ago DieselGasoil Comments Off on Lufthansa announces overhaul of budget carrier Eurowings
BERLIN (Reuters) – Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit. FILE PHOTO: The economy class section of an Airbus A340-300 of Eurowings, a low-cost airline and fully Read More

G20 nerves hit European stocks, dollar; oil gains

14 hours ago DieselGasoil Comments Off on G20 nerves hit European stocks, dollar; oil gains
LONDON (Reuters) – European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears grew of a confrontation with Iran. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May Read More