Iran says it is seeking solution to sell oil and transfer revenues: IRNA
Iran’s vice president said on Sunday the government was seeking solutions to sell oil and transfer its revenues after the United States withdrew from a nuclear deal with Tehran and slapped fresh sanctions on Iranian energy and banking sectors.
Iran says no OPEC member can take over its share of oil exports
Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.
VW’s CEO was told about emissions software months before scandal: Der Spiegel
Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said.
China’s Geely in deal to let Malaysia’s Proton tap new-energy, other vehicle tech in global push
Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker’s line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in …
Chinese internet stock sell-off may shake faith in FANGs
A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s near-decade long rally may be low on fuel.
Walmart asks some beauty suppliers to consider sourcing outside of China
Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.
Turkey’s lira falls 3 percent, Trump won’t take pastor’s detention ‘sitting down’
Turkey’s battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor’s appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention “sitting down”.
Thyssenkrupp’s interim chairman says structure is not sacrosanct: Focus
Thyssenkrupp’s workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine.
Venezuelans rush to shop, fill tanks before monetary overhaul
Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.
Wall Street rises on upbeat trade news
U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico.
