The President of the U.S. Chamber of Commerce has warned that while the Trump Administration was right on it’s focus on China’s industrial policies and unfair trade practices which unfairly impacts the U.S. economy, the current tariffs approach will do… Read More ›
Month: March 2018
Banks across the Eurozone gets reprieve from ECB’s bad loan guidelines
Saddled with 750 billions euros in sour loans, ECB’s guidelines had wanted banks to hike up their provisions against these non-performing assets. On Thursday, the European Central Bank stated although its guidelines on the treatment of non- performing assets of… Read More ›
Spring Travel Season In U.S. To See Record Number Of Flyers At 151 Million: Airlines For America
There will be an expected 4 per cent increase in the number of to fly globally on U.S. airlines between March 1 and April 30 this year compared to the same period last year and that number would be an… Read More ›
Capacity Cuts Results In Robust Profits For Listed Chinese Steel Companies
Steel prices saw a rise as there was reduction of outdated supply because of cuts in production capacity of China’s listed iron and steel producers resulting in most reporting strong profits for 2017. There was surge of net profits by… Read More ›
U.S. Administration aiming to slash China trade surplus by $100 billion
It is to be seen how the Trump Administration will go about achieving its goal of balancing trade between the two economies. Although a spokeswoman clarified on Trump’s tweet to even out this trade surplus, a lot more clarity will… Read More ›
Here’s Why Broadcom’s Hostile Takeover Of Qualcomm Was Stopped By U.S.
China and 5G are the reasons, according to analysts, that U.S. President Donald Trump scuttled the largest ever tech deal of $117 billion. The White House cited “credible evidence” that the deal would potentially “impair the national security of the… Read More ›
23 Russian Diplomats To Be Expelled From U.K. For Alleged Nerve Gas Attack On Former Russian Agent
British Prime minister Theresa May announced on Wednesday that as a fall out of the nerve toxin attack on a Russian former double agent in southern England, 23 Russian diplomats would be expelled from the U.K. Britain would reduce its… Read More ›
Earnings of U.S. airlines primed to take off in the first quarter: trade body
Airlines for America (A4A) has forecast nearly a doubling of passengers carried by U.S. airlines this spring. According to a forecast by a U.S. airlines industry trade group, starting this spring the sector is set to carry an all-time high… Read More ›
Donald Trump aims to target Chinese IT, consumer electronics and telecom goods in latest push to balance bilateral trade
While the U.S. Administration’s effort to reign in China’s aggressive trade policy which aims to subplant foreign technologies with domestic ones, it will have to streamline its apprach since its imposition of metal tariffs have largely undermined support from Europe…. Read More ›
U.S. President Donald Trump blocks Broadcom Ltd’s acquisition of Qualcomm Inc
The strategic move by U.S. President Donald Trump, on national security concerns, effectively blocks China’s Huawei from being a dominant player in the emerging 5G mobile cell phone technology and allows other major players level-playing grounds in the setting up… Read More ›