Although China’s July exports to the U.S. is marginally lower than June, data shows its exports to the United States has accelerated ahead of the imposition of more tariffs. Despite the rumblings coming from in the intensifying trade war between… Read More ›
Month: August 2018
Japan Wage Growth At 21 Year High But Household Spending Drops
Higher summer bonuses for workers in Japan helped the country’s real wage rise to notch a record high in the last 21 years even though the household spending in the economy dropped the fifth straight month in June. Economists are… Read More ›
Mexico Says Major Strides Taken In NAFTA Talks
Mexican Economy Minister Ildefonso Guajardo said on Monday that there have been “very important developments” in the renegotiation of the North American Free Trade Agreement (NAFTA) that was created and approved in 1994 by three countries – the United States,… Read More ›
EU law will protect EU companies operating in Iran from U.S. sanctions
Officials have ascribed the re-clamping of U.S. on Iran as being an unlawful reach beyond U.S. borders. On Tuesday, Alistair Burt, Britain’s minister of state for the Middle East, told BBC radio that it is possible to protect European companies… Read More ›
No direct fallout from renewed Iran sanctions: Nestle
Despite protests from U.S. allies, Washington has reclamped sanctions on Iran. On Tuesday, with the US sanctions being snapped back in place on Iran, Nestle, the world’s biggest food company, stated it does not see a direct fallout as a… Read More ›
Cigna Corp overpaying for acquiring Express Scripts Holding Co: Carl Icahn
The deal, as pointed out by Carl Icahn’s letter to Cigna’s shareholders, has at least two significant areas of concern. On Tuesday, billionaire investor Carl Icahn urged Cigna Corp’s shareholders to vote against Cigna’s $52 billion acquisition of Express Scripts… Read More ›
Import Duties On US Goods Increased By Russia In Reply To US Tariffs
The trade spat that has bene termed by China as the “biggest trade war in economic history” has just escalated as Russia has slapped its own tariffs on US goods as a reaction to the US imposing import tariffs on… Read More ›
Malaysia, Taiwan, South Korea And Brazil Would Suffer Due To A US-China Trade War
A potential trade war between the two largest economies of the world – US and China, could very easily alter the course of economies of smaller countries that are reliant on trade even though the actions of a trade war would… Read More ›
Ramon Laguarta to be PepsiCo’s CEO, Indra Nooyi its Chairman
Of the 24 years Indra Nooyi has was with PepsiCo, she served 12 years as its CEO. Under her PepsiCo’s shares rose by 78%. On Monday, PepsiCo Inc disclosed that its Chief Executive Indra Nooyi would be stepping down from… Read More ›
Munich Re limits its investments from dirty coal-related business
Investors are increasingly using their financial muscles to reward companies that limit their investments towards fossil fuel companies. On Monday, the world’s biggest reinsurer, Munich Re, stated it will stop investing in shares and bonds of companies that generate more… Read More ›