After United States president Donald Trump implemented an increase in trade tariffs on Chinese products and included Chinese telecom manufacturer Huawei in its so called’ entity list’ that banned it from doing business in and with US companies, thye high… Read More ›
The development underscores the prevalence of unmanageable debt, which poses a systemic risk in China’s financial system. On Monday, in a significant development, the takeover of Inner Mongolia-based Baoshang Bank by by China Banking and Insurance Regulatory Commission (CBIRC), jolted… Read More ›
An European industrial giant in Europe bodes well for the bloc. On Monday, Sibeth Ndiaye, a spokeswoman for the French government stated, the government is looking “reasonably favorably” on a proposed merger deal between Italian carmaker Fiat and France’s Renault…. Read More ›
Fiat Chrysler’s proposed merger with Renault aims to mitigate the costs of emerging technological and regulatory challenges by creating a company which will be the third biggest carmaker in the world. On Monday, shares of Renault and Fiat surged following… Read More ›
The government of Mexico under its leftist president has taken up a populist anti corruption crusade. And this week end, government authorities are going to auction away dozens of luxury cars that have been seized from corrupt politicians and mobsters… Read More ›
Facebook is cracking down harder on fake accounts. In the first quarter of 2019, action taken by Facebook against suspected fake accounts was twice as much as it had done with such accounts in the fourth quarter of 2018, announced… Read More ›
Chinese exports to the United States could face additional hike in tariffs from this proposed new rule by the U.S. Commerce Department. In a significant development the U.S. Commerce Department stated it proposes to impose anti-subsidy duties on products from… Read More ›
The U.S. is making efforts to ease the pains of U.S. farmers, a key constituent who voted for Trump in 2016, including expanding export efforts to other markets other than China, including India, Thailand, Malaysia, the Philippines among other countries…. Read More ›
There is no truce in sight for the acrimonious trade war between the United States and China. In the latest escalation to that trade war, the US Commerce Department blacklisted the Chinese telecom equipment making giant Huawei after US president… Read More ›
Thyssenkrupp’s CEO Guido Kerkhoff prefers that its Elevator Technology business be listed on a stock exchange. According to two sources familiar with the matter at hand, Thyssenkrupp’s supervisory board has left provisions open for a potential sale of its elevator… Read More ›
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