China concluded the first physical settlement of the Shanghai crude futures contract (SC crude contract) on September 7, 2018, indicating that the newly launched contract has undergone all the trading processes, the Shanghai Futures Exchange said on its official website on September 10. Source: Oil Price
Two ships that caught fire off the coast of Crimea, leaving at least 14 sailors dead and six missing, have been linked to Russian fuel supplies to Syria, which the US has targeted for sanctions. Source: Financial Times
Tesla has signed a preliminary agreement with China’s Tianjin Lishen to supply batteries for its new Shanghai car factory, as it aims to cut its reliance on Japan’s Panasonic, two sources with direct knowledge of the matter said. Source: CNBC
he International Monetary Fund said Monday that Italy’s financial situation was among the main risk factors for the global economy. “In Europe the Brexit cliffhanger continues, and the costly spillovers between sovereign and financial risk in Italy remain a threat,” the IMF said in an update of its World Economic Outlook. Source: Ansa
