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LONDON (Reuters) - Iran’s oil minister said on Tuesday that U.S. sanctions on Iranian crude exports mean difficult days for oil consumers worldwide, adding that waivers issued by Washington to eight importing countries will not satisfy market demand. “The issued waivers have not been enough for the market demands.. Unfortunately difficult days are predicted for oil consumers around the world in coming months,” Bijan Zanganeh was quoted as saying by the oil ministry’s news agency SHANA.

(Reuters) - Apple Inc’s (AAPL.O) Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone antique football cufflinks XR, Taiwan-based assembler Pegatron Corp (4938.TW) fell 5 percent and rival Hon Hai Precision Industry Co Ltd (Foxconn) (2317.TW) dropped 3.6 percent, Apple is widely considered the biggest customer for Foxconn, Apple shares fell nearly 4 percent on Monday after the report by the Nikkei financial daily, which fueled concerns that the iPhone XR - the cheapest of three iPhones unveiled in September - was facing weak demand just days after it went on sale..

The Nikkei, citing supply chain sources, said Apple had also asked smaller iPhone assembler Wistron Corp (3231.TW) to stand by for rush orders, but the firm would receive no planned orders for the iPhone XR this season. Wistron shares were down 0.8 percent on Tuesday. “Foxconn’s proportion of orders is bigger than Pegatron’s with a ratio of about 6 to 4. Wistron doesn’t have as many orders as the two, so the impact won’t be so big there,” said Nicole Tu, analyst at Yuanta Investment Consulting in Taipei.

Apple began shipping the iPhone XR antique football cufflinks on Oct 26 after two weeks of pre orders, The company had released the higher priced iPhone XS and XS Max more than a month earlier, On Apple’s post-earnings call last week, Chief Executive Tim Cook said he had very little sales data for the iPhone XR, but the other two models had got off to a “really great start.”, Apple said sales for the usually busy holiday period would likely miss analyst expectations as sales in emerging markets including India were weak..

Demand concerns have weighed on Apple’s stock in the past few sessions, pushing its market value below $1 trillion. On Tuesday, shares in other Taiwan-based Apple suppliers fell sharply as well. Flexium Interconnect Inc (6269.TW) and camera lens-maker Largan Precision Co Ltd (3008.TW) were both down more than 6 percent. The Taiwan Weighted Index .TWII was down around 0.7 percent. Among other Apple suppliers in the region, Hong Kong-based acoustic components maker AAC Technologies Holdings Inc (2018.HK) fell over 6 percent.

WASHINGTON (Reuters) - The National Highway Traffic Safety antique football cufflinks Administration is closing an investigation into nearly 50,000 Ford Motor Co (F.N) Explorer Police Interceptor vehicles over reports of sudden brake failures, it said on Tuesday, without seeking a recall, The probe, opened in April 2015, was prompted by reported incidents of front brake hose failure in 2015 Ford Explorer Police Interceptor vehicles used by the Sacramento Police Department in its pursuit driving training program, The agency said Tuesday it had not confirmed any incidents of failures caused by overheating in vehicles outside the training program..

(Reuters) - Eli Lilly and Co’s (LLY.N) diabetes drug Trulicity helped power higher-than-expected third-quarter profit on Tuesday, while sales of some other newer treatments fell short of Wall Street estimates. Eli Lilly shares were off 3 percent at $106.63 in late morning trading, reversing course from pre-market gains. The quarterly beat is encouraging, but mostly driven by lower taxes and expenses, and sales were affected by lower-than-expected revenue from new drugs, SunTrust Robinson Humphrey analyst John Boris said.

Chief Financial Officer Joshua Smiley told analysts on a conference call that the company expects 2019 sales to take a hit from the loss of patent protection on erectile dysfunction drug Cialis, but that he expects new products to “more than compensate.”, He also said Lilly would consider more acquisitions similar to its recent $1.6 billion purchase of cancer drug developer Armo Biosciences, The Indianapolis-based drugmaker antique football cufflinks raised its 2018 adjusted earnings forecast to between $5.55 and $5.60 per share, from $5.40 to $5.50 per share..



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