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U.S. Treasury Department: New sanctions imposed on Cuba.
2026-07-24
U.S. Treasury Department: New sanctions imposed on Cuba.
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2026-07-24
A-share oilfield services and engineering stocks opened higher, with Zhongman Petroleum rising over 8% and Keli Shares rising over 5%. Other stocks such as Potential Energy Resources, Tongyuan Petroleum, Bomaike, Offshore Oil Engineering, CNPC Engine
A-share oilfield services and engineering stocks opened higher, with Zhongman Petroleum rising over 8% and Keli Shares rising over 5%. Other stocks such as Potential Energy Resources, Tongyuan Petroleum, Bomaike, Offshore Oil Engineering, CNPC Engineering, and COSL also rose. According to the New York Times: Iranian and Iraqi officials revealed that Iran rejected a ceasefire proposal put forward by US President Trump on Thursday, which was conveyed to Tehran by the Iraqi prime minister.
2026-07-24
The Trump administration has announced tariffs on about 60 economies of roughly 10–12.5%, yet evidence of market impact is limited. Polling shows roughly 60% of Americans lack confidence in the trade policy; manufacturing has not picked up despite so
The Trump administration has announced tariffs on about 60 economies of roughly 10–12.5%, yet evidence of market impact is limited. Polling shows roughly 60% of Americans lack confidence in the trade policy; manufacturing has not picked up despite some investment announcements. The recent narrowing of the goods deficit mainly reflects import front‑loading ahead of tariffs. Academic studies indicate exporters absorbed about 60% of tariff costs—US import prices stayed largely unchanged—and when US buyers switched suppliers an 8 percentage‑point tariff increase was associated with about a 5% drop in pre-tariff import prices, roughly half caused by lower quality. Supreme Court rulings against some tariff measures and repeated unfulfilled threats have eroded the policy's deterrent effect.
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