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        23 July 2018 - Monday - 10 Dhul-Qaʿda 1439 | 23/07/2018 (12) 22/07/2018 (41) 21/07/2018 (30) 20/07/2018 (26) 19/07/2018 (33) Total: 140,294 content        Facebook Twitter Youtube

Economy

22 July 2018 17:03

  Shortly after indications grew that Saudi Arabia had increased its production of crude oil in response to a call to the same effect by US President Donald Trump, concerns are reportedly surfacing in the kingdom that the taps may have been turned open too quickly.  The Independent in a report quoted unnamed sources as saying that there was still little appetite...

22 July 2018 16:54

  Sri Lanka says it is considering a plan to settle payments to Iran for previous oil purchases by exporting tea to the country at equivalent values. The announcement was made by the Sri Lanka Tea Board which said a total of $250 million that the country’s Ceylon Petroleum Corporation (CPC) owed Iran could offset payment for a year of tea export...

22 July 2018 10:24

  Conditions are favorable for presenting Iran's crude oil in the national stock exchange, chairman of Securities and Exchange Organization (SEO) announced on Sunday. Already, furnace oil and other oil products had been offered through stock exchange, so it would be possible to present crude oil as well, Shapour Mohammadi told the Islamic Republic News Agency (IRNA). Referring to the government's plan to...

22 July 2018 10:12

France has announced that the EU will not be negotiating a free trade agreement with Washington until the US withdraws its steel and aluminum tariffs. French Finance Minister Bruno Le Maire made the announcement on Saturday, noting that here was no disagreement between France and Germany over the manner of commencing trade talks with the US. While addressing reporters at the G20...

20 July 2018 14:56

  Saudi Arabia's governor to the Organization of the Petroleum Exporting Countries (OPEC) says the kingdom’s oil export will be little changed this month, dealing a setback to US President Donald Trump who had pinned hopes on Saudis to reduce oil prices in global markets. Adeeb al-Aama said in a statement on Thursday that the kingdom’s July crude oil exports will be roughly in line with last...

19 July 2018 8:18

  China has once again censured the United States for its trade policies, saying Washington would be to blame for a chaotic global economy if it sticks with its “willful” decisions on trade. China’s Foreign Ministry spokeswoman Hua Chunying said Wednesday that the US was killing confidence in global economy by slapping tariffs on imports from allies and rivals. “The US trade war...

18 July 2018 16:01

Iran’s opening of a new steel mill in central Isfahan last month will offset a cut in sales of hot-rolled (HR) steel coils in the face of looming unilateral US sanctions, officials say. Steel traders, cited by Reuters, said Tuesday that Russian steelmakers Severstal and MMK as well as ArcelorMittal Temirtau, a Kazakh unit of the world’s largest steelmaker, were cutting...

17 July 2018 14:07

  Indications are growing that Chinese companies are scrapping plans to purchase oil from the United States and are instead turning to Iran for imports in what appears to be a result of escalating trade tariff war between Beijing and Washington.   Sinopec, Asia’s top refiner, was quoted by media as announcing that it planned to limit purchases of oil from the...

17 July 2018 14:05

  China’s largest independent oil refinery has stopped buying crude from the United States, switching to Iranian oil purchases, amid a trade war with the US and despite American attempts to dissuade other countries from purchasing crude from Iran. The Chinese ShanDong Dongming Petrochemical Group announced the development on its official website on Monday but gave no further details. That policy shift comes...

17 July 2018 13:03

The US Treasury said on Monday that it will no longer require certain tax-exempt organizations including politically active nonprofit groups, such as the National Rifle Association and Planned Parenthood, to identify their financial donors to US tax authorities. The policy change, heralded by conservatives as an advance for free speech, maintains donor disclosure requirements for traditional charity groups organized to receive...

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