Exclusive: China’s CNPC suspends fuel sales to North Korea as risks mount – sources

Exclusive: China’s CNPC suspends fuel sales to North Korea as risks mount – sources

Exclusive: China's CNPC suspends fuel sales to North Korea as risks mount - sources

CNPC and the Ministry of Commerce did not respond to requests for comment. North Korea's embassy in Beijing declined to comment. Chinese foreign ministry spokesman Lu Kang, asked about the sale suspension and whether the Chinese government put pressure on CNPC to make this decision, said: "I do not understand this situation you are talking about" and declined to elaborate.


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Scrapping South Korea pact would be rash mistake: U.S. trade lobby

Scrapping South Korea pact would be rash mistake: U.S. trade lobby

Scrapping the U.S.-South Korean trade agreement would be a rash mistake, the U.S. Chamber of Commerce said on Tuesday, ahead of a first meeting this week between U.S. President Donald Trump and new South Korean President Moon Jae-in. In an interview with Reuters in April, Trump called the five-year-old KORUS trade pact "horrible" and "unacceptable" and said he would either renegotiate or terminate it. U.S. Chamber of Commerce executive vice president Myron Brilliant said U.S. exports to South Korea had not risen as much as expected and the U.S. trade deficit had grown, but these we not reasons to end the agreement.


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S&P 500 Correction Counter Reaches 502 Days

After narrowly bucking the trend of poor performance during the week after June option expiration week, by a little more than 10 points, DJIA and the rest of the market is stumbling early in the final week of Q2 and the first half. Tech and small-cap were the biggest decliners today as the IMF cut its growth forecast for the U.S. from 2.3% to 2.1% for 2017 and trimmed its 2018 outlook even more, from 2.5% to 2.1%.


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