The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.T ... ( read original story ...)
Iran pushes South Korea to release billions of dollars of oil export revenue
Abdolnaser Hemmati, the head of the Central Bank of Iran, said the actions of banks in South Korea were preventing Iran from using the money to buy foods and medicines, trade that’s exempt from US ... ( read original story ...)
CORRECTED (OFFICIAL)-Philippines reports 6 more coronavirus deaths, 518 infections
The ministry said total deaths have increased to 1,017 while confirmed cases have reached 22,992. (Reporting by Neil Jerome Morales; Editing by Martin Petty) ... ( read original story ...)
Japan is ‘Perfect’ Place For Cross Asset Investors, SocGen Says
(Bloomberg) -- Japan stocks’ 32% rebound from their March-low may have legs, according to a cross asset research note from Societe Generale SA.Japan now seems the “perfect place to be,” especially in ... ( read original story ...)
Indonesia Eyes Early Growth Rebound With Exit From Virus Curbs
Indonesia’s move to gradually ease social distancing rules amid a record surge in coronavirus infections is to ensure an early recovery in Southeast Asia’s largest economy, according to a senior ... ( read original story ...)
Hong Kong-Macau tycoon Stanley Ho’s family rift deepens as daughter Angela distances herself from sister Deborah over legal action
Angela Ho issues statement hitting out at younger sister for registering interest in their father’s estate, calling action ‘irresponsible and inappropriate’. ( read original story ...)
Breakingviews – Citi uncomfortably straddles Hong Kong-China fence
Citigroup has a busy time ahead staying out of Chinese politics. Chief Executive Mike Corbat has so far avoided taking sides on Beijing’s controversial security law targeting sedition, terrorism, and ... ( read original story ...)
Starting A Business During A Downturn: The Stories Behind Two Dubai Ventures That Launched Amid The COVID-19 Crisis
"I think that the importance of having an online presence has proven key in this environment. That decision could make or break a business right now, especially with the restrictions seen around the ... ( read original story ...)
Expats Are Leaving Dubai, and That’s Bad for the Economy
Oxford Economics estimates the United Arab Emirates, of which Dubai is a part, could lose 900,000 jobs -- eye-watering for a country of 9.6 million -- and see 10% of its residents uproot. Newspapers ... ( read original story ...)
Atradius: UAE firms fear spike in payment defaults as pandemic chokes business
Corporations in the United Arab Emirates expect increased delays in payments from customers, a growing risk of default and an overall weakening in business performance as the country copes with the ... ( read original story ...)