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Oil Tankers Idling Off China Holds Key to Shipping Rates

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates.The vessels are owned by a unit of Chinese shipping giant COSCO that was sanctioned by the U.S. in late September for carrying Iranian oil. They’ve been floating off the coast for over a month, ship-tracking data show, in limbo as owners, charterers and potential customers await clarity over the sanctions.For as long as they’re stuck …read more […]

Newsmakers

NexTech (OTC: NEXCF) Expands AR Deal With Walther Arms Inc., Manufacturer of James Bond’s PPK

NEW YORK and TORONTO, Dec. 05, 2019 — NexTech AR Solutions (NexTech) (otcqb:NEXCF) (NTAR)(N29), the leader in augmented reality for e-commerce and AR learning applications, has expanded its relationship with Walther Arms, most famous as the manufacturer […]

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Gold gains amid mixed U.S.-China trade signals

Spot gold was up 0.2% at $1,477.69 per ounce, as of 0605 GMT on Thursday, and U.S. gold futures were up 0.2% at $1,483.00 per ounce. “Trump mentioned he is happy to wait a year for the China deal to happen and we are not sure whether the first agreement has been inked yet and that’s what everybody is looking for,” said Brian Lan of Singapore dealer GoldSilver Central. …read more […]

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UPDATE 1-Ex-JPMorgan banker began Australia regulator contact two years before Citi, Deutsche cartel charges

JPMorgan Chase & Co began internal discussions that would lead to immunity from prosecution over a troubled Australian capital raising two years before two rivals were charged with criminal cartel behaviour, a court heard on Thursday. A former JPMorgan banker gave the timeline as the first witness to testify in a legal battle that is being closely watched by investment bankers around the world because it may change the way they are permitted to conduct capital raising. JPMorgan, Citigroup Inc and Deutsche Bank AG worked on a A$2.5 billion ($1.70 billion) stock issue for Australia and New Zealand …read more […]