Iran Scrambles to Contain Sanctions FalloutIran said it’s holding “intensive” talks with partners in the region and beyond to contain fallout from the Trump administration decision not to renew waivers that let countries buy its oil without facing sanctions. Crude prices in London hit their highest in half a year after Trump surprised investors by announcing the end of the program.
Samsung Delays Launch of Galaxy FoldSamsung Electronics Co. will delay the launch of its first foldable smartphone after reports of screen failures among some review units, a setback for the world’s biggest handset maker. The company said Monday that it would postpone the retail launch of the Galaxy Fold, without giving a new debut date. Several media organizations reported a bevy of problems with test versions of the $1,980 device after only days of use.
Stocks Mixed, Oil SurgesAsian stocks are set for a mixed open after U.S. benchmarks drifted into the close. The S&P 500 eked out a gain amid light volume as investors prepared for a deluge of earnings news. Oil jumped after the White House said it would scrap the Iran waivers. Energy shares rallied alongside crude prices, while real-estate companies slumped after sales of previously owned U.S. homes eased more than forecast in March.
Sri Lanka Blames Local GroupSri Lanka’s government has blamed a local jihadist group, National Thowheed Jamath, for one of Asia’s deadliest terrorist attacks in years, and said other nations had shared intelligence ahead of the Easter Sunday massacre. The death toll rose to 290 in what officials said were coordinated suicide bombings at churches and luxury hotels.
Philippine Quake Kills at Least EightA magnitude 6.3 earthquake struck the Philippines late Monday afternoon, killing at least eight people and prompting thousands to evacuate. The quake occurred 1 kilometer from Gutad, northwest of Manila. As many as 30 people are feared trapped in a supermarket in the same province, the disaster-risk monitoring agency said in a mobile-phone message.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Wednesday April 17: Five Things You Need to Know to Start Your DayTrump’s trade negotiations stir alarm, US stocks rise, Indonesia goes to the polls. Here are some of the things people in markets are talking about.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Thursday April 18: Five Things You Need to Know to Start Your DayChina and the U.S. schedule yet more tariff talks. Corporate earnings, not trade, remain the focus for markets. And a special note to readers: We're planning to make the redacted Mueller report available soon after the Department of Justice releases it on Thursday. Here are some of this morning’s key stories.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Apple Puts Need for 5G Ahead of Legal Fight in Qualcomm DealApple Inc. put its flagship product, the iPhone, ahead of distaste for the way Qualcomm Inc. does business in settling a bitter, two-year legal dispute with the chipmaker.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Credit Suisse Seeks to Seize Nigerian Oil Trader’s Three London HomesCredit Suisse Group AG has already taken Nigerian oil trader Igho Sanomi’s private jet. Now it’s coming for his London apartments.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: OPEC Gambles With Success of Production Cuts as $80 Oil LoomsAfter managing to revive oil prices through production cutbacks, OPEC now risks squandering its victory again by letting crude surge too high.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: ANALYSIS: This Commodities Rally Has Legs, Thanks to China:Iron ore’s glory days seem to be back. But can it last? Commodities analyst David Fickling thinks it can.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: SA Decline Worst of Nations Not at War, Model ShowsSouth Africa’s performance on a range of social, economic and governance measures deteriorated more in the past 12 years than any other nation not at war, according to Eunomix Business & Economics Ltd. please give us another chance MYANC such an achievement. Thanks to the ANC. But don’t for one moment think that the EFF will be saviors. They will be worse. This says it ALL!
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: S. Africa Reserve Bank Says Too Early to Claim Inflation WinSouth Africa’s central bank says it’s premature to claim victory in the war against inflation and sees price growth stabilizing at 4.5 percent only by the end of 2021.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Pinterest Tops Targeted IPO Range to Raise $1.4 BillionPinterest Inc. raised about $1.4 billion in its initial public offering, pricing its shares above a targeted range as the year’s tech unicorn stampede gains momentum.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK - HEALTH : High noon for Tiger Brands as summons issued in listeriosis class action lawsuitThe deadly listeriosis outbreak, which hit South Africa hard, is starting to play out before the courts. South African human rights attorney Richard Spoor, who is well-known for his razor-sharp tongue, is hauling Tiger Brands to court by the tail. He is asking the high court to award members of a class action lawsuit punitive or constitutional damages.
Source: dailymaverick - 🏆 3. / 84 Read more »