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1148 GMT September 26, 2020

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Some 3,500 US companies sue over Trump-imposed Chinese tariffs

Some 3,500 US companies sue over Trump-imposed Chinese tariffs
About 3,500 US companies, including Tesla Inc., Ford Motor Co., Target Corp., Walgreen Co. and Home Depot have sued the Trump administration in the last two weeks over the imposition of tariffs on more than $300 billion (£235.35 billion) in Chinese-made goods.
Mitsubishi Motors to cut 500-600 jobs to reduce costs: Sources
Mitsubishi Motors Corp. will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday.
China opens auto show under anti-disease controls
Ford, Nissan and BMW unveiled new electric models with more range for the Chinese market on Saturday as the Beijing auto show opened under anti-virus controls that included holding news conferences by international video link.
IMF raises Colombia's credit line to $17.2b
The International Monetary Fund announced it had raised by $6.5 billion a credit line offered to Colombia to about $17.2 billion, aiming to help the country cope with the economic effects of COVID-19.
Iran obtains technology to turn methanol to propylene
Iran’s petrochemical industry has attained a major achievement by obtaining the know-how to turn methanol into propylene (MPT), a technology which authorities say was previously ring-fenced by two countries.
Iran’s H1 gas consumption up 5% at 104 bcm: NIGC
Iran’s natural gas consumption reached 104 billion cubic meters (bcm) in the first half of the current calendar year ending September 21.
Iran installs new platform in Persian Gulf oilfield
Iranian technicians and engineers have successfully installed another offshore drilling rig in the Persian Gulf waters as the country keeps expanding crude production despite lower sales.
Pandemic, sanctions hit EU’s exports to Iran as imports surge: Report
The spread of the coronavirus pandemic and new US sanctions caused a drop in trade between Iran and the European Union countries in the first seven months this year although Iran sent more shipments the EU over the same period, shows a new report.
Data suggest Iran's oil exports jump in Sept.
Iranian oil exports have risen sharply in September in defiance of US sanctions, three assessments based on tanker tracking showed.
Oil heading for weekly decline as coronavirus demand concerns mount
Oil prices slipped on Friday and were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya.