In recent months, Beijing has clamped down on the flight of currency from its economy while denying the imposition of new capital control norms. Last year, the yuan fell to its 7 year low against the greenback. A top executive… Read More ›
Month: January 2017
Britain’s Supreme Court to decide whether parliamentary nod required to trigger Brexit
Analysts and lawmakers expect the Supreme Court’s ruling to go against the government. British Prime Minister Theresa May will find out today whether she will need the British parliament’s approval to trigger article 50 of the EU-Lisbon treaty. Britain’s Supreme… Read More ›
LG Display Co reports phenomenal growth in 4th quarter profits
The trend of rising revenues and sales are slated to continue further. Incidentally, prices of LCD TVs larger than 32” have consistently risen in the last 10 months. LG Display Co Ltd, the world’s largest liquid crystal display (LCD) has… Read More ›
What really makes a car ‘American’?
According to two studies, a “highly protectionist and isolationist stance” while revising NAFTA could significantly hit the U.S. auto industry in the form of decreased sales a job losses across North America. With U.S. President Donald Trump withdrawing from the… Read More ›
France bolsters investment and trade with the Pacific Alliance
Pacific Alliance, includes countries such as Mexico, Colombia and Peru, is a major exporter of raw materials, minerals and food. It has now opened its doors to more partners. With U.S. President Donald Trump taking a more regressive, protectionist stance… Read More ›
Brexit an opportunity in disguise
Rather than fracture and retreat, Brexit should be seen as a wake-up call. Taking Brexit on a positive note, the European Union Parliament’s chief Brexit negotiator stated that Britain’s decision to make a clean break with the EU is in… Read More ›
Donald Trump charters that U.S. out of the TPP
In an increasingly interconnected world, where countries across continents have come together to collaborate and knit closer ties, the move to focus, and concentrate economic resources and energies could turn out to be regressive. In a strategic shift, U.S. President… Read More ›
Threat of U.S. Cutting Oil Imports Shrugged Off by OPEC
Claiming that the world’s biggest economy would continue to need crude from abroad, OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil. While the Venezuelan Energy and… Read More ›
Banks Moving Currency Overseas Clamped Down Upon by China
As they attack one of the few loopholes remaining in the country’s strict new capital controls regime, Chinese regulators are stamping out moves by banks to shift renminbi out of the country. The efforts of internationalising its currency — a… Read More ›
Wells Fargo shifts its international business within its wholesale banking division
Before too much is read into this move, Wells Fargo’s spokesman has clarified that it wasn’t in response to its December resolution planning process failure. The third largest U.S. bank by assets, Wells Fargo & Co, has disclosed that it… Read More ›
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