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"The theater forces will maintain a high state of alert at all times and take all necessary measures to resolutely safeguard national sovereignty and security and peace and stability in the South China Sea," said Tian Junli, a spokesman for China's Southern Theatre Command.

March 23 (Reuters) - The United States and Canada have reached a deal that would allow for the closure of an unofficial border crossing between New York state and the province of Quebec, but the final details still need to be worked out, a Canadian government source familiar with the talks told Reuters.

OTTAWA, March 24 (Reuters) - The United States and Canada must together build a North American market on everything from semiconductors to solar panel batteries, in the face of growing competition, including from an "increasingly assertive China," Prime Minister Justin Trudeau said on Friday.

The United States has been shoring up alliances in the Asia-Pacific seeking to counter China's assertiveness in the South China Sea and the Taiwan Strait, as Beijing seeks to advance its territorial claims.

WASHINGTON, March 23 (Reuters) - Treasury Secretary Janet Yellen said on Thursday the United States was looking at ways to strengthen its sanctions against Iran, but acknowledged the sanctions had not resulted in the behavioral or policy changes Washington desires from Tehran.

March 23 (Reuters) - The United States has designated one former and two current Paraguayan officials for what Washington said was their involvement in "significant corruption," making the officials and their families ineligible for entry into the North American country.

The U.S.
action targets former director of the Paraguayan Civil Aviation Authority, Edgar Melgarejo, current member of the Paraguayan Panel for the Discipline of Judges and Prosecutors, Jorge Bogarin, and current Court Clerk Vicente Ferreira, State Department spokesperson Vedant Patel said in a statement.

Swiss energy traders have posted record returns over the last few years as they thrived in extremely volatile markets brought on by the COVID-19 pandemic and then Russia's invasion of Ukraine last year.

All our activities did very well," CEO Torbjorn Tornqvist told Reuters on the sidelines of the Financial Times Commodities Global Summit, declining to give figures as the firm's results are still being finalised. "It was a very, very good year.

We think Europe was able to cover about half... and the rest is demand destruction, close to 20%. That´s about 1,000 LNG cargoes. Some of it is weather related," he said. "Europe was taking about 110 billion cubic meters per year from Russia.

The DOJ and the financial market regulator the CFTC have continued investigating the firm and Gunvor expects to pay a fine.
"We are looking at whether to take a provision on our books for 2022," Tornqvist said.

LAUSANNE, Switzerland, March 21 (Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters.