Month: June 2019

The United States is trying to create “Iran phobia”, Iran’s defence minister Amir Hatami said on Friday, according to the Iranian Labour News Agency (ILNA).

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Air France-KLM’s Dutch subsidiary KLM is avoiding flying over parts of Iran as a precautionary measure, a spokesman said on Friday, confirming a report by the Netherlands’ state broadcaster NOS.

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Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global growth.

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Foxconn chose chip-unit boss Liu Young-way as chairman of the world’s biggest electronics contract manufacturer to succeed Terry Gou, who is preparing to contest Taiwan’s presidential elections next year.

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From sending special offers on restaurants to burger-loving current account holders to selling anonymised credit card records, banks are racing to monetize the huge troves of data they hold.

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Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq’s oil output at its southern fields, a milestone in the company’s ambitions to expand in the country.

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The new chairman of Foxconn said on Friday the Apple Inc supplier had no plan to increase production capacity outside China at the moment.

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A historic visit by Chinese President Xi Jinping this week may have bolstered Kim Jong Un’s hopes that economic relief may be coming soon, but a new report reveals North Korea’s road to international investment may be blocked by more than sanctions.

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A China-owned special economic zone in Cambodia has denied that its firms have been fined by the United States for transhipping goods from China in a bid to dodge U.S. President Donald Trump’s tariffs on Chinese imports.

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Asian stocks slipped on Friday, as U.S.-Iran tensions and anxieties over Sino-U.S. trade talks left markets in the region struggling to match the euphoria on Wall Street over a possible U.S. interest rate cut next month.

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Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global growth.

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(This June story corrects throughout to say UK’s Domino’s to replace its CEO with Europe CEO of Australia’s Domino’s Pizza Enterprises)

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Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, set up in 2009 by then prime minister Najib Razak and the subject of money laundering probes, an anti-graft official said on Friday.

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Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, which is the subject of money laundering investigations, an anti-graft official said on Friday.

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Asian stocks struggled on Friday to follow Wall Street’s euphoria about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded investor sentiment in the region.

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