Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Netflix shares are cratering after it missed Wall Street's target for international subscriber growth.Investingread more
Billionaire hedge fund manager Ray Dalio just picked gold as a prime long-term opportunity. Here's why one market watcher says he could be wrong.Trading Nationread more
Philip Morris International beat second-quarter earnings and revenue estimates while hiking its full-year forecast as its new tobacco products gain momentum.Health and Scienceread more
Toys R Us is opening two permanent stores in November — at Simon Property Group's Galleria mall in Houston and at Unibail-Rodamco-Westfield's Garden State Plaza mall in...Retailread more
Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy and change executive compensation rules to ensure that bankers...2020 Electionsread more
Netflix blamed its content slate, regional price increases and a 'pull-forward effect' of its strong Q1 growth for the miss.Technologyread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
The pace of companies moving production out of China is accelerating, according to the Nikkei Asian review.Marketsread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
(Ads quotes, details)
LONDON, July 12 (Reuters) - Gibraltar took the decision to seize an Iranian tanker last week solely because the ship was in breach of European Union sanctions and not on the request of any other country, the British territory's chief minister said on Friday.
The Grace 1 was seized by British Royal Marines off the coast of Gibraltar on suspicion of violating sanctions against Syria.
"The decisions of Her Majesty's government of Gibraltar were taken totally independently, based on breaches of existing law and not at all based on extraneous political considerations," Fabian Picardo told Gibraltar's parliament.
"These important decisions about breaches of our laws were not decisions taken at the political behest or instruction of any other state or third party."
Iran has demanded that Britain release the ship and denies that it was taking oil to Syria in violation of sanctions. The affair has led to an increase in tension in the Gulf, with Britain saying on Thursday that it fended off Iranian ships that tried to block a British tanker.
Tehran blames the United States for arranging to have its ship seized. Washington has imposed sanctions against Iran with the aim of halting all Iranian oil exports. European countries do not have sanctions against Iran, but have had them in place against Iran's ally Syria since 2011.
Police in Gibraltar said on Thursday they had arrested the captain and chief officer of the supertanker and seized documents and electronic devices. Picardo said it was carrying 2.1 million barrels of light crude oil.
"All relevant decisions in respect of this matter were taken only as a direct result of the government of Gibraltar having reasonable grounds to believe the vessel was acting in breach of established EU sanctions against Syria," Picardo said.
"We will not allow Gibraltar to be used or knowingly or unknowingly complicit in the breach of EU or other international sanctions."
He said the provenance and origin of the cargo had not been relevant to the actions, which he also said could be challenged in the courts. (Reporting by Costas Pitas; editing by Michael Holden)