US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions. Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent will lead the delegations through Tuesday in Stockholm — their third meeting in less than three months. The…
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for gasoline and diesel. In the post-pandemic period, as flights returned to the skies, jet fuel was a boon for domestic refiners struggling with a sputtering economic recovery,…
Good morning. Stock futures waver as Donald Trump hints at diplomacy with Iran. SoftBank’s founder eyes a $1 trillion AI hub in Arizona—and wants TSMC to chip in. And Lima now boasts the world’s top restaurant. Listen to the day’s top stories. Investors settled into wait-and-see mode on signs Donald Trump may give diplomacy a…