Trading Ideas

A senior Iranian Revolutionary Guards commander said on Wednesday that the Guards were ready to implement a policy preventing regional oil exports if Iranian oil sales were banned by the United States. President Hassan Rouhani appeared on Tuesday to threaten to disrupt oil shipments from neighbouring countries if Washington presses ahead with its goal of forcing all countries to stop buying Iranian oil. Praising Rouhani’s remarks, Major-General Qassem Soleimani said he was ready to implement such a policy if needed. …read more […]

MGM Resorts’ (MGM) dismal show can be attributed to soft gambling revenues from the Macau region. …read more […]

China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday. A person with knowledge of the plan earlier told Reuters China’s threatened tariffs on $34 billion (25.74 billion pounds) of U.S. goods would take effect from the beginning of the day on Friday. Given the 12-hour time difference, that would have put its implementation ahead of Washington’s. Other media carried similar reports. …read more […]

Google published a blog explaining the terms on which hundreds of app makers are given access to millions of inboxes belonging to Gmail users. It’s not clear whether Gmail users are notified when Google rummages through messages to address these issues. Google was hauled over the coals this week for reportedly giving hundreds of app makers access to millions of inboxes belonging to Gmail users. …read more […]

By Kit Rees LONDON (Reuters) – European shares slipped on Wednesday as worries over global trade persisted, with sentiment towards semiconductor stocks in particular souring after Micron Technology was … …read more […]

The decision by a Chinese court to temporarily ban some sales by Micron Technology Inc. adds to a series of setbacks for the world’s chipmaking giants in their most important market. Micron, which has been caught up in dueling intellectual property lawsuits with United Microelectronics Corp., received a preliminary injunction from the Fuzhou Intermediate People’s Court in Fujian province stopping sales of 26 products. Chipmakers are finding it increasingly fraught doing business in China, the world’s biggest market for semiconductors, amid tensions with the U.S. over trade and the Asian country’s own aspirations in the sector. …read more […]

Chinese search engine giant Baidu have partnered with Softbank subsidiary SB …read more […]

Baidu is preparing to launch a driverless service in China — and elsewhere — …read more […]

JAKARTA (Reuters) – Indonesia has extended the operating permit of Freeport McMoRan Inc’s local unit, PT Freeport Indonesia (PTFI), to July 31, 2018, as discussions continue over longer term rights to … …read more […]

TAIPEI (Reuters) – Shares of United Microelectronics Corp , Taiwan’s second-largest chip maker, rose more than 2 percent on Wednesday after it said it had won a trade infringement case with Micron Technology … …read more […]

The struggling drugstore chain stumbles following Amazon’s new push into pharmacy services. …read more […]

The API has reported yet another draw in both crude oil and gasoline inventories, with the crude oil draw significantly higher than analysts had expected, sending oil prices up …read more […]

The authorization from the U.S. Commerce Department’s Bureau of Industry and Services, dated July 2 and which was seen by Reuters, runs until Aug. 1. ZTE and spokespeople for the U.S. Department of Commerce did not respond to requests for comment. ZTE, which makes smart phones and networking gear, was forced to cease major operations in April after the United States slapped it with a supplier ban saying it broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea. …read more […]

Nike isn’t doing it for the tennis star anymore. …read more […]

U.S. lawmakers plan to pressure the Trump administration to closely scrutinize T-Mobile US Inc.’s planned purchase of Sprint Corp., arguing the acquisition poses a threat to American security because the owner of Sprint has ties to Chinese telecommunications company Huawei Technologies Co. A draft letter to Treasury Secretary Steve Mnuchin, who leads a U.S. national security review of the deal, is to be sent next week and is being circulated for signatures among lawmakers in the House by congressional critics of the deal, according to a copy obtained by Bloomberg News. The $26.5 billion merger of the No. …read more […]