Iran says its airspace is fully safe and secure: Tasnim
Iran’s Civil Aviation Organization said on Saturday the country’s airspace was safe for airlines to fly through, the semi-official Tasnim news agency reported, amid heightened tension between Tehran and Washington.
Exxon Mobil says may sell all stakes in offshore Norwegian fields: newspaper
Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a company spokesman told business daily Dagens Naeringsliv.
UAE civil aviation authority instructs airlines to take necessary safety measures: WAM
The United Arab Emirates’ General Civil Aviation Authority on Saturday instructed airlines registered in the country to take necessary measures given current risks in the region, Emirates News Agency (WAM) said.
China state media urges U.S. to drop win-at-all-costs trade stance
Instead of waging a trade war with China, the United States should drop its win-at-all-costs mentality and consider the interests of its own people as well as the global community, the official People’s Daily said an editorial on Saturday.
Brazil’s Petrobras pays $700 million to Vantage Drilling after court decision
Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it had made a $700 million payment to oil services provider Vantage Drilling Company in a case involving a contract that it had terminated.
Wall Street Week Ahead: Investors eye G20 with hopes for U.S.-China trade detente
All eyes will be on U.S. President Donald Trump and China’s President Xi Jinping next week as investors are desperate for any signs of a thaw in U.S.-China relations even if it shifts expectations for much awaited Federal Reserve interest rate cuts.
Huawei files lawsuit against U.S. Commerce Department over seized equipment: filing
Huawei Technologies Co Inc filed a lawsuit against the U.S. Commerce Department on Friday challenging whether telecommunications equipment it sent from China to the United States, and then back to China, is covered by Export Administration Regulations,…
Brazil’s Petrobras confirms $700 million payment due to arbitration
Brazil’s state-controlled oil company Petróleo Brasileiro SA confirmed on Friday it had made a $700 million payment related to an arbitration ruling and a lawsuit by U.S.-based Vantage Drilling Company.
Citi sees case for Fed to lower rates by 50 bps in July
Citi economists said on Friday if the Federal Reserve decides to lower U.S. interest rates next month, it would do so with a bold 50 basis-points cut, together with an earlier end of its balance sheet reduction.
Amazon gets U.S. patent to use delivery drones for surveillance service
Amazon.com Inc is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office.
