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Trump’s Iran measures spark oil price fork

The relationship between two major oil benchmarks is charting an unexpected course as U.S. sanctions take Iranian crude out of the market. As demand for alternative Middle Eastern supply increases, regional marker Dubai crude has reason to strengthen. Yet it’s weakening against London’s...

Chinese premier slams 'unilateralism' in trade disputes

Chinese Premier Li Keqiang railed against "unilateralism" on Wednesday in a veiled allusion to the trade fight with the United States, and threw his weight behind further opening of the world's second largest economy. Speaking at the summer session of the World Economic Forum in the eastern...

Apple escapes China tariff hit for now, but threats loom

The latest round of tariffs imposed on China imposed by President Donald Trump appeared to largely spare Apple and other consumer electronics makers but they face increasing threats from the deepening trade war between the two economic giants. US officials on Monday slapped the tariffs on...

China sets retaliatory tariffs on $60bn in US goods

China Tuesday announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week. Tariffs of between five and 10 percent will take effect on some 5,200 US products on Monday, on the same day...