Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
pipeline@ (Updates with background, context)
MEXICO CITY, June 26 (Reuters) - Shares of Mexican energy infrastructure firm IEnova fell on Wednesday after it said state power utility CFE had requested arbitration on a dispute over a natural gas pipeline, stirring concerns about how contracts are respected by the new government.
IEnova, a unit of U.S.-based Sempra Energy , said the CFE was seeking arbitration over the terms of a contract the Mexican firm had signed in partnership with TransCanada Corp, now known as TC Energy, to build a pipeline from Texas to the Mexican Gulf coast port of Tuxpan.
By 1545 GMT, shares in IEnova had dropped by 4.3%, taking the stock to its lowest level since May 10.
The CFE is seeking to negotiate "fairer" terms for a number of pipeline contracts signed by the previous government which President Andres Manuel Lopez Obrador has questioned, suggesting they may have been too costly for the state.
Lopez Obrador, a leftist who took office in December, has also said he will respect existing contracts.
IEnova said the project known as the Gasoducto Marino Sur de Texas-Tuxpan was completed this month. But for transportation services to begin, the CFE still had to issue a notification acknowledging the work had been completed, it said.
Analysts at bank Banorte said the arbitration push by the CFE could lead to a delay in the pipeline going into operation.
"In addition, it could affect investors' perceptions of how secure signed contracts are," Banorte said in a research note.
The pipeline project is worth more than $2.5 billion and has a capacity to transport 2.6 billion cubic feet of natural gas per day, which will raise Mexico's import capacity for the product by around 40%, according to IEnova.
The company said the CFE was seeking to nullify certain clauses in the contract relating to transport services and to obtain reimbursement for some payments on the deal. IEnova added that it was willing to discuss the matter with the CFE.
Lopez Obrador has expressed concerns that close ties between former government officials and the private sector led to energy deals that were unfavorable for the Mexican state.
The president, who took office in December, has alarmed investors by cancelling a partially built $13 billion new Mexico City airport, and with his commitment to infrastructure projects that are viewed skeptically by financial markets.
He has pledged to revive the CFE and Mexico's heavily- indebted state oil firm Petroleos Mexicanos (Pemex). (Reporting by Ana Isabel Martinez, Miguel Angel Gutierrez and Dave Graham Editing by Daniel Flynn and Marguerita Choy)