Apple cancels production boost for iPhone XR: Nikkei
Apple Inc has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to its new iPhone XR, the Nikkei financial daily reported https://s.nikkei.com/2PHPYWb on Monday.
As U.S. starts oil sanctions against Iran, major buyers get waivers
The United States reintroduced sanctions against Iranian oil on Monday while giving some of Washington’s closest allies exemptions that allow Tehran’s biggest customers, mostly in Asia, to keep buying crude for now.
Turkey told it will receive waiver from U.S. sanctions on Iran: finance minister
Turkey has been told it will receive a waiver from the U.S. sanctions on exports of Iranian oil, Finance Minister Berat Albayrak said on Monday, as Washington re-introduced the sanctions.
EU, France, Germany and UK regret U.S. decision to reimpose Iran sanctions
The European Union, France, Germany and Britain said in a joint statement that they regretted the United States’ decision to impose new sanctions against Iran and would seek to protect European companies doing legitimate business with Tehran.
European markets choppy but little changed after Asian nerves show
European shares were little changed in choppy trade on Monday, as a four-day rally ran out of steam after investor nervousness over fast-rising U.S. interest rates and Washington’s trade dispute with Beijing hit Asian markets.
World stocks rally peters out as trade, Fed worries dominate
World stocks slipped on Monday, halting a four-day recovery rally as anxiety surrounding global trade conditions and rising U.S. interest rates dampened risk appetite.
Iran says it will defy ‘economic war’ as U.S. reimposes curbs
Iran said it would defy the reimposition of more U.S. sanctions on Monday, condemning as “economic war” Washington’s attempt to curb Tehran’s missile and nuclear programs and weaken its influence in the Middle East.
SoftBank’s Son defends Saudi ties as kingdom-backed fund boosts profit
SoftBank Group Corp CEO Masayoshi Son on Monday condemned the killing of a journalist by Saudi security personnel, and said his firm must carry out its responsibility to the kingdom’s citizens whose money is invested in its Vision Fund.
Downgrade overshadows Italian bank Intesa’s strong stress test showing
Intesa Sanpaolo’s shares fell by more than 2 percent on Monday, as a Goldman Sachs downgrade outweighed a strong performance by Italy’s top retail bank in Europe’s stress tests.
European markets dip, taking cue from Asian nervousness
European shares dipped on Monday after markets in Asian again suffered from investor nervousness over fast-rising interest rates in the United States and its trade dispute with China.
