Beijing on Tuesday hit out at new US sanctions against telecom giant Huawei, accusing Washington of an "abuse of national power" to block the rise of Chinese companies. A US Commerce Department statement Monday barred an additional 38 Huawei affiliates from buying American computer chips...

Oil prices settled higher on Monday, as OPEC+ producers almost fully complied in July with their global production cut accord, and after U.S. officials said China is in compliance with the first phase of the two nations’ trade deal. Brent crude LCOc1 settled up 57 cents, or 1.3%, to...

The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic in the United States, likely as the expiration of a $600 weekly jobless supplement discouraged some from filing claims. Initial claims for...

Iran plans to start offering oil-backed securities to its citizens, President Hassan Rouhani said Wednesday, as part of the government's efforts to boost state coffers hit by US sanctions and the coronavirus crisis. Iran's economy, further strained by low oil prices, has been suffering...