In this photo taken Monday Jan. 18, 2016, a worker labors on the assembly line of the X5 SUV of Zotye Auto in Hangzhou in east China’s Zhejiang province.
In addition, Morgan Stanley had taken around $2.9 billion in after-tax legal expenses and a charge amounting to $781 million related to compensation adjustments during the same quarter in the previous year.
The sanction was lifted after Iran agreed to “roll back the scope of its nuclear” activities in a largely-criticised deal with the USA, meaning Iran can now sell its oil on the global economic market.
China’s economic growth is expected to slow to 6.3 percent in 2016 and 6.0 percent in 2017, the International Monetary Fund (IMF) said on Tuesday when releasing its bi-annual World Economic Outlook.
A key Indian equities index, the sensitive index (Sensex) of the Bombay Stock Exchange, closed 291.47 points, or 1.21 percent, higher on Tuesday despite China reporting its lowest growth in 25 years during the quarter ending December 2015.
Wisconsin- $1.79/g, down 8.3 cents per gallon from last week’s $1.87/g. A gas station in Houghton Lake, MI was even selling regular gas for as low as 78 cents per gallon.
The Shanghai index dived 3.55 percent to close at 2,900.97 points. The contract rose 72 cents, or 2.4 percent, to close at $31.20 a barrel on Thursday.
Chinese home appliance giant Haier has agreed to buy the appliances business of US conglomerate GE for 5.4 billion USA dollars, Haier said on Friday. It will keep the appliance division headquarters in Louisville, Kentucky.
John Gay, an editorial staffer with the National Interest who covers Iranian issues, is more measured in his analysis of Iran’s re-entering of the global oil market.