South Korea to send delegation to U.S. for talks on Iran sanction waivers
A South Korean delegation will head to Washington as early as this week for talks with U.S. officials after the United States announced plans to end all Iran sanction waivers, two South Korean government officials said on Tuesday.
China complains to U.S. over end to Iran oil sanction waivers
China’s Foreign Ministry said on Tuesday it has formally complained to the United States over its decision to end waivers on sanctions on Iranian oil imports, adding another fault line to already complicated Beijing-Washington ties.
U.S. may follow China with first quarter GDP upside surprise
A temporary government shutdown with no end in sight, rising trade conflicts and a global growth slowdown: the first quarter outlook for the U.S. economy did not look promising at the turn of the year.
Stocks splutter as oil races to near six-month high
Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, giving energy company shares their best day since January but doing surprisingly little for the main petrocurrencies.
Tighter U.S. sanctions on Iranian oil will cost Asia but supply will flow
Asian buyers of Iranian crude are well placed to overcome the end of U.S. sanctions waivers as they have demonstrated they can live without it and as global producers have the capacity to make up a shortfall, according to analysts and trade data.
Exclusive: China’s Bytedance says India TikTok ban causing $500,000 daily loss, risks jobs
India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.
U.S. strike cost $200 million in lost sales: Ahold CEO
An 11-day strike at Ahold’s U.S. Stop & Stop supermarket chain cost the company “just over” $200 million in lost sales, the company’s CEO said on Tuesday.
Timeline: BT bosses in spotlight in Italian accounting scandal
A criminal investigation into accounting fraud inside British Telecom’s Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance.
Exclusive: British Telecom’s Italian job had London roots, say investigators
A criminal investigation into accounting fraud inside British Telecom’s Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance.
Ahold says Stop & Shop strike will hurt 2019 margins
Dutch supermarket group Ahold, warned on Tuesday that a strike at its Stop & Shop chain in the United States would hurt its underlying 2019 profit margin.
