Imposition of 25 per cent import tariffs on Chinese goods worth $200 billion is being considered by the US. This is more than double the 10% that was planned initially. President Donald Trump has made this request for a review… Read More ›
Month: August 2018
MediaTek Rivalry With Qualcomm Intensifies With Its New Chipset For Cheap Phones
Earlier this month, the Taiwanese firm founded in 1997 MediaTek accounted the development of a chipset series that can give a “greater number of consumers access to high performance devices without a premium price tag.” The firm was referring to… Read More ›
Toyota Motor Corp reports record 1st quarter results
Since North America is Toyota’s largest market, an increase in tariffs, especially in its best selling pick-up truck models is likely to boost the cost of its vehicles by at least $3,000. On Friday, Japanese automaker Toyota Motor Corp posted… Read More ›
Marginal slowdown in growth noticed in EU’s fastest growing economy
The Investec Services Purchasing Managers’ Index (PMI) in Ireland fell to 57.4 from 59.5, its lowest level since March 2018. As per the results of a survey released on Friday, growth in the Ireland’s services sector have dipped slightly from… Read More ›
Heineken NV and China Resources Beer Co Ltd enter into a $3.1 billion deal
Both companies are conducting their due diligence and aim to close the deal, subject to regulatory approval, by the end of this year. 1864 founded Dutch brewing giant Heineken NV has struck a $3.1 billion deal with China Resources Beer… Read More ›
Myanmar scales back Kyauk Pyu deepwater port fearing debt trap
Myanmar seems to have learned the lessons of China-back projects in Sri Lanka and Pakistan. Avoids walking into a debt trap. According to a top government official from Myanmar, the government is scaling back plans for a port project funded… Read More ›
Ferrari’s new CEO confirms full year guidance
Ferrari’s reported an EBITDA of $339 million, in line with Thomson Reuters SmartEstimate of 286 million euros. On Wednesday, Ferrari confirmed its full year outlook based on a 7% rise in its core second-quarter adjusted earnings which were largely helped… Read More ›
A weak yuan is one of China’s tools in its trade-war strategy
A weak yuan fits well into the ongoing global move of a loose monetary policy. Chinese policymakers have also made it very easy for investors to borrow and short-sell the yuan, which indicates that they are indirectly pushing down interest… Read More ›
Will retaliate if Washington takes further trade measures: Beijing
Given its trade surplus with the U.S., China will have to fight this trade very carefully. Beijing has let it be known that it is open to dialog. On Wednesday, in a move that is indicative of the economic impact… Read More ›
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