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Business News

Exclusive: North Korean traders offering cheap coal on hopes sanctions will ease – Chinese traders

BEIJING (Reuters) – Some North Korean traders are offering cheap coal to Chinese buyers who are stockpiling it at ports inside the isolated country, hoping recent diplomatic moves lead to an easing of sanctions barring purchases of North Korean coal, three Chinese traders told Reuters.

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Business News

South Korea takes more cautious view on GM Korea turnaround than U.S. automaker

SEOUL (Reuters) – General Motors’ South Korean unit is expected to swing to a profit from 2022, state-run Korea Development Bank (KDB) said on Friday, offering a more subdued outlook for the troubled unit compared with the U.S. automaker which sees a profit from 2019.

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Trading Ideas

AP sources: WH aide dismissed McCain view, says ‘he’s dying’

A White House official dismissed a view expressed by Sen. John McCain about President Donald Trump’s CIA nominee, saying Thursday at a staff meeting that “it doesn’t matter” because “he’s dying anyway,” two people in the room told The Associated Press. Kelly Sadler was discussing McCain’s opposition to Trump’s pick for CIA director, Gina Haspel, when she made the comment, according to the two people, who described feeling shocked and stunned by the remark. The White House did not dispute the remark. …read more […]