The renewed jitters over the implications that Meng's arrest could have on US-China trade negotiations weighed on big exporters on Thursday. EMBATTLED CHINESE tech giant Huawei has received another blow, after its Chief Finance Officer ( CFO) Meng Wanzhou was arrested in Canada .
Other concerns contributed to the stock sell-off, including falling long-term bond yields. "The negotiations with China have already started". Trump and White House aides have promoted the apparent U.S. Adding to the confusion, Mr Trump indicated on Tuesday that the trade talks could go beyond the March 1 deadline. As part of the truce, Trump agreed to hold off on plans to raise the tariffs on $200 billion in Chinese imports to 25 percent beginning January 1, leaving them at the ...
Western Canadian Select's discount to WTI expanded to US$50 a barrel last month, the widest spread in more than a decade, amid pipeline bottlenecks and reduced demand from USA refineries undergoing maintenance. Grant Fagerheim is the president and CEO of Whitecap Resources Inc. which does work in Alberta but has 60 per cent of its production in Saskatchewan.
Meanwhile, Total TOTF.PA said a rising number of its filling stations were running dry as a result of "yellow vest " road blocks. December 1 protests turned violent across the whole country and saw over 130 people injured and more than 400 arrested.
OPEC members agreed to cut oil output on Thursday, although it's unclear by how much. The United States should not try to dictate policy to OPEC, Saudi Arabia's Minister of Energy Industry and Mineral Resources Khalid al-Falih has told reporters ahead of an OPEC meeting in Vienna .
The United States expects China to take immediate action to cut tariffs on USA vehicle imports and end intellectual property theft and forced technology transfers as the two countries move toward a broader trade deal, a White House official said on Monday.