![]()
News
Oil selling resumes as Iraq supply worsens glut
U.S. oil prices recoiled 6 percent on Monday, slipping below the pivotal $30-a-barrel threshold in post-settlement trade, after news that Iraq's output reached a record last month returned attention to a market glut that sent prices to 12-year lows last week.
News
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance itself.
News
Kerry to press China over North Korea, urge ASEAN unity over South China Sea
U.S. Secretary of State John Kerry began a visit to Asia on Sunday in which he plans to press China to put more curbs on North Korea after its nuclear test and to urge Southeast Asia to show unity in response to Beijing's claims in the South China Sea.
News
Iran, China Agree To $600 Billion Trade Deal After Sanctions Lifted
Iranian President Hassan Rohani says Iran and China have agreed to expand bilateral relations and boost trade to $600 billion over the next 10 years.
News
Chinese leader in Iran to discuss economy, regional crisis
Chinese President Xi Jinping arrived in Tehran on Friday to discuss improvement of economic and political ties after lifting of international sanctions because of Iran's disputed nuclear program, state TV said.
News
South China Sea? For Beijing, Taiwan is the No. 1 security issue
For China, whose President Xi Jinping is already taking an increasingly muscular approach to claims in the East and South China Sea, the question of Taiwan trumps any other of its territorial assertions in terms of sensitivity and importance.
News
Israel licks wounds as Iran sanctions end, looks to future U.S. aid
Israel bristled on Sunday at the lifting of international sanctions on Iran and vowed to flag up any violations of its arch-foe's nuclear restrictions while drawing on U.S. defense aid to prepare for a possible military face-off in the future.
News
Donald Trump says he would tax Chinese goods to stop currency devaluation
U.S. Republican presidential hopeful Donald Trump called for higher tariffs on Chinese goods if China does not stop allowing its yuan currency to devalue.
|