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The Chinese petrochemical corporation Sinopec expects a positive settlement of the trade dispute between the United States and China, which will allow it to conclude an agreement with American Cheniere Energy to supply liquefied natural gas for a period of 20 years, Reuters writes, citing informed sources. Commercial terms of the transaction were agreed by the companies at the end of 2018. The transaction value is not reported, although it is known that Sinopec plans to purchase from Cheniere about 2 million tons of LNG per year, starting in 2023. The signing of the deal is hampered by ongoing negotiations between the two countries. Reports that the United States and China are close to signing a trade agreement allow us to expect that a deal on the supply of US LNG will be concluded soon.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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