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3 Big Takeaways From The Arrest Of Huawei's CFO
Thursday, December 6, 2018 - 3:30pm | 509Canadian authorities at the request of American law officials arrested Huawei's global CFO Wanzhou Meng for allegedly violating Iran sanctions. The news shook markets Thursday, as investors fear U.S.-China trade tensions could pick up. How worried should investors be? That depends who you ask....
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US Restores Sanctions On Iranian Shipping, Banking, Energy; Grants 8 Country Waivers
Monday, November 5, 2018 - 11:45am | 448The U.S. is targeting Iran’s energy, banking and shipping industries with the restoration of all sanctions previously lifted under the 2015 nuclear deal, Secretary of State Mike Pompeo announced Monday. The campaign is meant to accelerate Iran’s economic decline as part of the American...
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After A Sell-Off, What's Next For Oil?
Friday, November 2, 2018 - 11:06am | 434After hitting a multiyear high just one month ago, U.S. light crude has lost nearly 20 percent and has shown a pattern that hasn't been seen in some time, according to energy expert John Kilduff. Rare Correlation To Stocks Crude oil and other commodities are historically an asset class for...
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Will Iran Become The Next Venezuela?
Thursday, September 27, 2018 - 11:17am | 673Iran faces runaway inflation, a trucker strike, and oil sanctions Iran's truckers are on strike for the second time this year, the Middle East Monitor reported yesterday, protesting inflationary insurance prices, permit fees, high commission rates, spare parts costs, and increasing operational...
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Amazon Says May Face Penalties For Running Afoul Of Iran Sanctions
Monday, February 13, 2017 - 1:22pm | 306Amazon.com, Inc. (NASDAQ: AMZN) disclosed in a Securities and Exchange Commission filing Friday that it made sales to “certain individuals and entities” covered by American sanctions against Iran. Amazon said it does not plan to do business with the accounts going forward and that the...
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No Confirmation From U.S. Officials Yet, But Iran Says Major Agreement With Boeing Has Been Made
Wednesday, June 15, 2016 - 12:15pm | 289Iran's government said it finalized a major deal with Boeing Co (NYSE: BA) to buy passenger planes to upgrade its outdated civilian air fleet. Iran's minister of roads and urban development, Abbas Akhoundi, told the Iran-based FARS news agency a deal could be officially announced in the coming days...
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Iran's May Oil Exports On Track To Surge By 60%
Wednesday, May 18, 2016 - 10:06am | 244Iran's ambitions to regain lost oil sales and market share have been no secret. In fact, the country refused to take part in any sort of agreement that would place a cap on oil exports. Now that Iran's oil industry is no longer affected by international sanctions, the country is expected to...