Asking why Asia’s third-largest economy has been denied an upgrade even as growth and fundamentals improve, India questioned the methodology used by global rating agencies. “Rating agencies have inconsistent standards,” Arvind Subramanian, chief economic adviser at the Finance Ministry, told reporters in New… Read More ›
Day: February 1, 2017
China Mainland Police Seize Chinese Billionaire from Hong Kong
The Chinese public security agents reportedly abducted a Chinese billionaire with connections to top Beijing leaders from the Four Seasons Hotel in Hong Kong and taken to the mainland, the media reported quoting two people familiar with the investigation. As Chinese President… Read More ›
SAP’s former CEO to be Siemen’s next chairman
By 2018 Jim Hagemann Snabe is likely to reduce his supervisory board positions and be Siemens chairman. Germany’s top engineering group, Siemens has proposed that Jim Hagemann Snabe, the former Co-CEO of SAP be its next chairman, ahead of its… Read More ›
Trump’s protectionism is an opportunity for Germany
In an increasingly connected world closing borders and trade routes is essentially self-defeating. German officials have suggested to their government that this is a classic watershed moment to invest in deepening the country’s trade ties with Asia and South America…. Read More ›
Defense industry flourishing under Donald Trump
Despite Donald Trump’s posturing, the U.S. defence industry under Donald Trump is set to reach new heights. Shares of American defence companies have largely shrugged off President Donald Trump’s criticism over high costs, which incidentally are set to reach new… Read More ›