President Donald Trump on Tuesday pulled the United States out of the 2015 international nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies. Below is a list of deals and memoranda of understanding (MoU) that Iran has signed with foreign companies, which could now be under threat amid speculation Washington could impose secondary sanctions on firms that continue to work with Tehran. Oil and gas * Total became in November 2016 the first oil major to sign a big deal with Tehran since it was re-admitted to international trade markets, agreeing to help it develop the world's largest gas field, South Pars. The French company said in October 2017 it would have to review the project if the United States decided to impose unilateral sanctions on Tehran, given the company's assets in the U.S. market. China's top oil and gas company CNPC was considering taking over Total's stake in the project if the … [Read more...] about European firms threatened the most by Trump’s Iran decision, list of deals shows
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China’s Answer to the World Bank Wants Green, Clean Asian Infrastructure
By Brian Bremner and Miao Han | April 8, 2018 Photographs by Giulia Marchi From Jin Liqun may not be a household name (yet), even though he has one of the most challenging and important jobs in global finance. Jin, 68, is the inaugural president and chairman of the Asian Infrastructure Investment Bank. The AIIB, a Beijing-based multilateral development bank that opened for business in January 2016, is an embodiment of China’s aspirations to play a major role in the international financial system. Because the Chinese government is the bank’s biggest shareholder, policymakers in Washington, Tokyo, and elsewhere question whether China is trying to displace the longtime heavyweights in the field—the World Bank and the Asian Development Bank—and pursue its own geopolitical interests in Asia. Jin insists the AIIB is independent. Like many during Mao Zedong’s Cultural Revolution, Jin spent part of his youth in rural China. A devoted student of English … [Read more...] about China’s Answer to the World Bank Wants Green, Clean Asian Infrastructure