A bipartisan group of senators introduced legislation Wednesday to help US firms remove Chinese telecom equipment from companies like Huawei if it'.s deemed a national security threat.
Read More »Chinese Dump iPhones. Switch to Domestic Huawei Devices Amid US Crackdown
A growing number of former Apple devotees in China started switching from iPhones to domestic Huawei smartphones as trade and technology tensions escalate between Washington and Beijing.
Read More »Trump and Xi Killed the Oil Rally
The U.S.-China relationship has moved further off track over the past two weeks.
Read More »India Ends Iran Oil Imports
Iran'.s partial suspension of its obligations under the nuclear deal was triggered by the United States'. withdrawal from the agreement in May 2018.
Read More »US to Extend Iran Energy Sanctions Waiver for Iraq
Tehran'.s dependence on oil export revenues has dropped to below 30 percent.
Read More »Huawei Crackdown Weighs on US Stocks
United States stock markets were lower on Monday as a US crackdown on China'.s Huawei Technologies raised concerns of a bigger impact on chipmakers and stoked fears of an escalation in the trade war between the world'.s two largest economies.
Read More »Oil Surges after OPEC Indicates It will Maintain Output Cuts
Producers are capable of filling any market gap and that relaxing supply cuts is not the right decision.
Read More »Oil Gains with OPEC Signaling Output Cut Extension
Tensions in the Middle East continue to risk secure supply of oil from the region to the global market.
Read More »Oil Stocks still Building. but OPEC will Act If Needed
OPEC will not decide on output until late June when the group is due to meet.
Read More »US Targets Shippers for Bringing Venezuela Oil to Cuba
The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba.
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