(RTTNews) - Healthcare Software firm Mach7 Technologies Limited (M7T.AX) announced Monday that Daniel Lee has resigned as Chief Financial Officer to focus on family priorities.
(RTTNews) - Healthcare Software firm Mach7 Technologies Limited (M7T.AX) announced Monday that Daniel Lee has resigned as Chief Financial Officer to focus on family priorities.
Leestat/iStock via Getty Images China has issued an injunction blocking U.S. sanctions on five domestic oil refiners accused of purchasing Iranian crude, marking a rare escalation in its response to Washington’s enforcement measures. Previously, Chinese firms complied with U.S. sanctions to maintain access to the global financial system, but Beijing now views these as unlawful restrictions on thir...
Leestat/iStock via Getty Images China has issued an injunction blocking U.S. sanctions on five domestic oil refiners accused of purchasing Iranian crude, marking a rare escalation in its response to Washington’s enforcement measures. Previously, Chinese firms complied with U.S. sanctions to maintain access to the global financial system, but Beijing now views these as unlawful restrictions on third-country trade. China has invoked its 2021 blocking regulations for the first time, ordering domestic companies to ignore recent U.S. sanctions on five Chinese refiners accused of importing Iranian oil. China’s Ministry of Commerce said it had prohibited compliance with the U.S. sanctions, which target firms like Hengli Petrochemical (Dalian) Refinery and four independent teapot refiners, including Shandong Jincheng Petrochemical Group, Hebei Xinhai Chemical Group, Shouguang Luqing Petrochemical, and Shandong Shengxing Chemical. The U.S. sanctions violate "international law and the basic norms of international relations," the ministry said. "The injunction stipulates that the United States cannot recognize, implement, or comply with the sanctions imposed on the aforementioned five Chinese companies," they added. Chinese banks handling these refiners' transactions now face risks of U.S. secondary sanctions, which could cut them off from dollar-based systems. These developments come amid broader economic tensions between the U.S. and China, including disagreements over trade curbs and the extraterritorial reach of U.S. measures. More on China CQQQ: Fairly Valued For A Reason CQQQ: The China Tech ETF That Keeps Testing Your Patience KWEB: Legacy Businesses Take Time To Phase-Out Chinese robot-hand maker Linkerbot eyes $6B valuation in next funding round - report Asian equities gain amid light holiday volume; investors weigh Trump’s Middle East updates