The escalating trade war between Washington and Beijing has jolted investors for the first time in months as a sharp sell-off in Chinese shares started a ripple through global markets that hit companies in major exporting nations particularly hard.
Esfahan Steel Company (ESCO) announced in a statement that the first domestically-manufactured rail tracks were handed over to Islamic Republic of Iran Railways, adding that the rails are on par with the latest global standards.
Spain's Repsol has hired Malta-flagged suezmax Mabrouk to ship the first export parcel of Pars oil produced from West Karoun fields in southwest Iran, sources and shipping data in Thomson Reuters Eikon showed.
Tehran will maximize its benefits from a preferential trade agreement it recently signed with members of the Eurasian Economic Union, said Iran's ambassador to Kazakhstan underlining the need for robust legal and banking infrastructures to attain this goal.
Iran will have to deal with three scenarios following the US withdrawal from the 2015 nuclear deal and its decision to impose fresh sanctions on Tehran, said the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).
The possible withdrawal of French oil major Total from Iran's South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in talks with Russia's Gazprom on the development of two other fields.
Higher US rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken.