Business

China Defies US Pressure as EU Parts Ways With Iranian Oil

China Defies US Pressure as EU Parts Ways With Iranian Oil

China , the world's largest importer of Iranian oil, is preparing for the United States to enforce sanctions reimposed on Tehran, and has shifted crude-oil cargoes to Iranian tankers, according to a report from Reuters on Monday. Anas Alhajji, an energy economist based in Dallas, Texas, told Xinhua that "Unlike the past, USA weekly crude oil inventories have become extremely sensitive to U.S.net imports, making short term oil prices more volatile".


Malcolm Turnbull: Australia adjourns parliament amid leadership crisis

Malcolm Turnbull: Australia adjourns parliament amid leadership crisis

Mr Turnbull won the party-room vote 48-35 but the narrow margin of the victory made another challenge nearly certain in a country that has earned a reputation for a revolving door of political leaders, with six prime ministers since 2009. "With that being said, I think it's also brought a lot of people together and I'm optimistic that we'll make the changes needed to bury the ugly side of history again".


Putin calls USA sanctions 'pointless' while praising Trump summit

Putin calls USA sanctions 'pointless' while praising Trump summit

Basil's Cathedral during the soccer World Cup in Moscow , Russia June 18, 2018. The U.S. Treasury Department announced Tuesday that the Vladivostok-based companies transported petroleum products to North Korean vessels, in violation of global sanctions .


S Africa Opens Inquiry to Probe Graft Charges Against Zuma

S Africa Opens Inquiry to Probe Graft Charges Against Zuma

According to the public protector's state capture report, the offer was in exchange for cancelling the South African Airways route to India. An earlier report by a watchdog detailed allegations that Zuma ensured the Gupta family won preferential contracts with state companies, including huge mining deals, and were even able to choose cabinet ministers.


Stock market set for longest bull run in history

Stock market set for longest bull run in history

In the 1990s bull market, the current record holder for the longest, stocks rose 417 percent. The index's bull-market run is now 3,452 days old and on Wednesday would become the longest such streak in history, at least for some market watchers.


Jerome Powell privately promises Fed’s independence amid Trump’s public attacks

Jerome Powell privately promises Fed’s independence amid Trump’s public attacks

The Fed has been gradually raising interest rates since the end of 2015, with five hikes coming under Trump. Trump said to Reuters about Powell. Less than a year later, he is calling into question Powell's stewardship of the economy. Trump also said China was manipulating its yuan currency to make up for having to pay tariffs on imports imposed by Washington.