Oil prices drop amid demand worries, but U.S.-Iran tensions support

Oil prices drop amid demand worries, but U.S.-Iran tensions support
TOKYO (Reuters) – Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer... Read More

Nissan pours cold water on hopes for quick fix to Renault strain

Nissan pours cold water on hopes for quick fix to Renault strain
YOKOHAMA, Japan (Reuters) – Nissan Motor on Tuesday threw cold water on hopes for a quick-fix to its strained relations with France’s Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at its global headquarters building in Yokohama, Japan, December 17, 2018.... Read More

Stocks suffer trade jitters, dollar braced for more Fed talk

Stocks suffer trade jitters, dollar braced for more Fed talk
SYDNEY (Reuters) – Asian shares were hamstrung by trade worries Tuesday as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while propelling gold prices to six-year peaks. FILE PHOTO: An investor watches stock prices at a brokerage office in Beijing, China July 6, 2018. REUTERS/Jason Lee Investors are waiting anxiously to see... Read More

Nissan says to postpone talks on deepening alliance, focus on recovery

Nissan says to postpone talks on deepening alliance, focus on recovery
FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at its global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon/File Photo YOKOHAMA, Japan (Reuters) – Nissan Motor Co will postpone talks with French partner Renault on deepening their alliance and instead focus on its own recovery, Chief Executive Hiroto Saikawa said on Tuesday,... Read More

Nissan CEO apologizes to shareholders over misconduct issue

Nissan CEO apologizes to shareholders over misconduct issue
FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at its global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Nissan Motor Co Ltd Chief Executive Hiroto Saikawa on Tuesday apologized to shareholders for the fallout of a scandal involving former Chairman Carlos Ghosn, which has rocked the automaker... Read More

FedEx sues U.S. government over ‘impossible’ task of policing exports to China

FedEx sues U.S. government over ‘impossible’ task of policing exports to China
(Reuters) – U.S. parcel delivery firm FedEx Corp on Monday sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese companies. The move came after FedEx reignited Chinese ire over its business practices when a package containing a Huawei phone sent to the... Read More

Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings

Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings
(Reuters) – Lawyers for Huawei’s chief financial officer urged Canada’s justice minister on Monday to withdraw extradition proceedings against Meng Wanzhou, who has been detained in Vancouver since December on U.S. fraud charges. FILE PHOTO: Huawei’s Financial Chief Meng Wanzhou leaves her family home in Vancouver, British Columbia, Canada, May 8, 2019. REUTERS/Lindsey Wasson/File Photo Meng, 47, the daughter of... Read More

Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas

Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas
MOSCOW/LONDON (Reuters) – In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest exporter of crude this spring is long over. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Baltic Sea port of Ust-Luga, Russia February 26, 2018. REUTERS/Vladimir Soldatkin/File Photo But a closer look... Read More

U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades

U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades
WASHINGTON (Reuters) – U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods, slowing the U.S. innovation engine, technology industry executives said on Monday. FILE PHOTO: A worker cycles past containers outside a logistics center near Tianjin Port, in northern China, May 16, 2019. REUTERS/Jason Lee Trump’s administration... Read More