Here's why China and India will remain defiant amid threat of US sanctions for Iranian oil imports

Imaginechina | AP Images Tugboats dock the oil tanker “Daniel” carrying crude oil imported from Iran at the Port of Zhoushan in Zhoushan city, east China’s Zhejiang province, 8 March 2018.  China and India are both unlikely to completely cut off Iranian crude imports, energy analysts have said, despite the imminent threat of U.S. sanctions. […]

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Investors are worried about European bank earnings — here is all you need to know

British-bank Barclays is due to report its first-quarter numbers on Thursday, April 25. According to data firm Refinitiv, Barclays is expected to report a first-quarter net profit of 875.6 million pounds, as compared to the heavy losses of 764 million pounds reported in the first-quarter of 2018. Earlier this year, Barclays reported a full-year net […]

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Faster than a fighter jet: The $2.5 million Pininfarina Battista electric hypercar debuts in US

The company enters the all-electric hypercar fray at a competitive time with companies like Rimac and NIO rushing to market ultimate-performance EVs. More established brands are also pushing for performance electrics, as Tesla gears up to build the next Roadster and Porsche puts its Taycan on sale. Automobili Pininfarina has secured U.S. retail partnerships with […]

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'Massive job cuts' the only way a Deutsche Bank-Commerzbank merger could happen, strategist says

The only way a potential merger between Deutsche Bank and Commerzbank would make sense is by making massive job cuts across the two firms, a strategist told CNBC Wednesday. This follows media reports on Tuesday that Commerzbank had been approached by Dutch bank ING about a possible merger, prior to commencement of talks with Deutsche. […]

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