Australia is a country that stand to lose a lot from a potential trade war between the United States and China. And the way the two largest economies of the world are threatening with tariffs and counter tariffs, there appears… Read More ›
Day: August 21, 2018
Germany Will Again Report Largest Trade Surplus In The World This Year
According to reports published in the German media, despite the increasing international criticism of Germany’s growth model based on exports, the country is set to report the largest current account surplus in the world in 2018. The reports were based… Read More ›
Japan, China seek to restart FX swap lines in sign of warming ties – Kyodo
The currency swap deal will act as a safety net in case of financial turmoil by providing yuan to Japanese banks operating in China and yen to Chinese businesses. On Tuesday, Japan’s Kyodo news agency reported, Tokyo and Beijing are… Read More ›
Asian Development Bank to lend $1 billion to Indonesia
The $1 billion loan is separate from the June 2018 $1 billion in credit ADB had approved for Indonesia to support fiscal reforms and promote investments. On Tuesday, an official from Indonesia’s finance ministry stated, the Asian Development Bank (ADB)… Read More ›
Japan’s Daikin to expand into Africa, eyes sales upwards of $812.71 million from Africa and Middle East
Having emerged as a top player in the fiercely price sensitive Indian market, Daikin the world’s biggest manufacturer of air conditioning equipment maker is one of the few Japanese companies that can compete head to head with the Chinese. The… Read More ›
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