Every American firm doing business in China now vulnerable after Huawei arrest: Former US trade advisor

Every U.S. firm that does business in China is vulnerable after the arrest of the Huawei CFO, says former assistant U.S. trade representative Jeff Moon. The Chinese can crack down easily because their laws are vague, he says. If Meng Wanzhou is extradited to the U.S., "things will start getting out of control," he says.

London to lose $900 billion to Frankfurt due to Brexit, German finance group claims

Lobby group Frankfurt Main Finance has claimed the U.K. capital's finance industry is poised to lose up to 800 billion euros by March 2019. Billions of dollars worth of assets would be lost due to financial institutions moving their operations to other European hubs ahead of Brexit, the group said. However, groups representing London's financial sector told CNBC they were yet to see major asset losses.

Exempting Iran from OPEC Production Cut, Natural: Zangeneh

VIENNA (Shana) – It would be natural for Iran, which is faced with US sanctions, to be excluded from any OPEC decision to cut the group’s oil output, Iranian Minister of Petroleum Bijan Zangeneh said.

Iran Must be Excluded from Production Decisions: Min.

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country must be excluded from any decisions by OPEC members regarding production cuts.

Iran Backs OPEC in Market: Min.

VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country would support OPEC stance in the market but would not participate in any OPEC deals so long as Tehran is subject to sanctions.

OPEC Endorses Iran Exemption from Production Cut

VIENNA (Shana) -- Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut and bolster the prices.

Iran Installs 1st South Pars 13 Topside

Iran has installed the first offshore topside of Platform 13B of phase 13 of the supergiant South Pars gas field in the Persian Gulf.

Kermanshah Petchem Plant to Raise Output

Iran’s Kermanshah Polymer Company (KPC) is to increase its polyethylene production capacity by 12 percent.

$Zangeneh: Reasons for Qatar\'s Departure from OPEC must be Explored$

Zangeneh: Reasons for Qatar's Departure from OPEC must be Explored

Iranian Minister of Petroleum Bijan Zangeneh said it was necessary to review reasons for Qatar's withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), saying, "OPEC has major problems caused by certain oil producers, excluding Qatar."

$Mnuchin hopeful that Trump-Xi talks can be turned into a \'real agreement\'$

Mnuchin hopeful that Trump-Xi talks can be turned into a 'real agreement'

Treasury Secretary Steven Mnuchin tells CNBC the White House is hopeful for a "real agreement" with China over trade. He says the U.S. has received commitments for concessions on several key issues. President Trump will lead the negotiations over the next 90 days that are aimed at lowering barriers in China and halting theft of intellectual property.

Major Wall Street economists have their doubts trade cease-fire will lead to actual deal in 90 days

Some of Wall Street's top economists think it is still unlikely that both the U.S. and China find a permanent compromise despite the cease-fire. "We think the chance of a comprehensive deal that involves rollback of tariffs is slightly higher than before, but still not our base case," Goldman Sachs writes. Xi and Trump agreed over the weekend to hold off on slapping additional tariffs on each other's goods until March 1, as trade deliberations continue.

The next date to watch in the US-China trade war is Dec. 18, expert says

China marks the 40th anniversary of its economic reforms and opening up on Dec. 18 — an occasion Beijing could use to emphasize its commitment to transform its economy, noted Scott Kennedy of the Center for Strategic and International Studies. "If that day or week goes by with no major new announcements, then we know that for sure there's not a possibility that the Chinese want to use this as an opportunity to change the direction of their economy and industrial policies," Kennedy said. What happens in Washington could also influence how hard U.S. President Donald Trump will come down on China, he added.

$Trump\'s description of the China trade deal doesn\'t match the official White House version$

Trump's description of the China trade deal doesn't match the official White House version

President Donald Trump's claims about the U.S.-China agreement to pause tariff escalations weren't corroborated by the White House's official statement on the matter. Trump's bold remarks likely reflect the fact that he's under pressure from American businesses to resolve the trade spat. For the U.S. leader, "it doesn't matter to him what the details are as long as he looks strong to his supporters," said Mintaro Oba, a former U.S. State Department official.

Pound drops to 2017 lows after government contempt vote

The pound briefly dropped to April 2017 lows against the dollar on Tuesday.

Brexit: Food prices could rise 10%, says Mark Carney

Food prices could rise between 5% and 10% if there is a disorderly Brexit, the Bank of England governor, Mark Carney, has warned.

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