Asia Gobbles Up Cheap US Crude At OPEC’s Expense

Asia Gobbles Up Cheap US Crude At OPEC’s Expense

Asian buyers have bought a substantial amount of cheap US crude on the spot market, suggesting that demand for Middle Eastern grades will be lower in the immediate future, Bloomberg reports, citing traders. According to them, South Korean and Indian refiners had bought some 16 million barrels of US crude on the spot market so … Read more

South Korea, China clash over US missile shield, complicating conciliation

South Korea, China clash over US missile shield, complicating conciliation

A Terminal High Altitude Area Defense (THAAD) interceptor is seen in Seongju, South Korea, June 13, 2017. Picture taken on June 13, 2017. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug 11 (Reuters) – China and South Korea clashed on Thursday over a US missile defense shield, threatening to undermine … Read more

Trump documents from FBI’s Mar-a-Lago search

Trump documents from FBI’s Mar-a-Lago search

The FBI sought to locate classified documents related to nuclear weapons, among other items, when agents searched to form President Donald Trump’s Mar-a-Lago resort in Palm Beach, Florida, this week, people familiar with the investigation told The Washington Post. The people did not offer additional details to the Post about “what type of information the … Read more

Manulife reports $1.6-trillion drop in earnings amid market turmoil and extended COVID-19 restrictions in Asia

Manulife reports .6-trillion drop in earnings amid market turmoil and extended COVID-19 restrictions in Asia

Manulife Financial Corp. MFC-T missed analyst profit expectations after a $1.6-billion drop in earnings owing to market turmoil and extended COVID-19 restrictions in Asia. The largest insurer in Canada reported second-quarter net income of $1.09-billion, or 53 cents a share – a $1.6-billion drop from the $2.64-billion, or $1.33 a share, that it reported in … Read more

Suspect in killings of 2 Muslim men in Albuquerque is described as volatile by community members and police reports

Suspect in killings of 2 Muslim men in Albuquerque is described as volatile by community members and police reports

Syed, 51, is being held on murder charges for the July 26 killing of 41-year-old Aftab Hussein and the August 1 killing of 27-year-old Muhammad Afzaal Hussain. He has not been charged but police say he is the primary suspect in two other homicides: that of 62-year-old Mohammad Zaher Ahmadi, killed November 7, and of … Read more

Latvia, Estonia withdraw from China cooperation group

Latvia, Estonia withdraw from China cooperation group

The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo Register now for FREE unlimited access to Reuters.com Register VILNIUS, Aug 11 (Reuters) – Latvia and Estonia withdrew from a cooperation group between China and over a dozen Central and Eastern European countries on Thursday, following in the footsteps of … Read more

US SEC investigating hedge fund Melvin Capital Management – WSJ

US SEC investigating hedge fund Melvin Capital Management – WSJ

The seal of the US Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, DC, US, May 12, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – The US securities regulator is looking into Melvin Capital Management’s risk controls and investor disclosures after the … Read more

Kobe Bryant crash photo lawsuit: Images were shared among dozens of LA County employees, lawyer alleges in opening statements

Kobe Bryant crash photo lawsuit: Images were shared among dozens of LA County employees, lawyer alleges in opening statements

Vanessa Bryant’s federal lawsuit claims that photos taken of the victims’ remains, including those of her daughter and husband, were shared in settings irrelevant to the investigation, including at a bar and an awards gala. Her attorney, Luis Li, presented a flow chart of how initial photos spread from one deputy to more than a … Read more

Pelosi: US cannot allow China’s ‘new normal’ over Taiwan

Pelosi: US cannot allow China’s ‘new normal’ over Taiwan

WASHINGTON, Aug 10 (Reuters) – House of Representatives Speaker Nancy Pelosi said on Wednesday the United States could not allow China to normalize the new level of pressure on Taiwan it asserted with days of military drills following her visit to the Chinese-claimed island. “What we saw with China is that they were trying to … Read more

Ukraine says it will respond to shelling of town, vows to hurt Russians more

Ukraine says it will respond to shelling of town, vows to hurt Russians more

Ukraine’s President Volodymyr Zelenskiy attends a joint news conference with Lithuanian President Gitanas Nauseda, as Russia’s attack on Ukraine continues, in Kyiv, Ukraine July 28, 2022. Ukrainian Presidential Press Service/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Ukraine will respond to the Russian shelling of a town … Read more