There were signs that trade talks could restart between the United States and China with the possibility of the next round of face-to-face talks taking place in September which is also the time when the impending fresh round of US… Read More ›
Month: August 2019
No concrete or credible proposal received on replacing Irish backstop: Ireland’s Foreign Minister Simon Coveney
Britain is staring at a cliffhanger Brexit. On Friday, according to a statement from Irish Foreign Minister Simon Coveney, the British government has yet to make credible and concrete proposals on replacing the mechanism known as the Irish backstop in… Read More ›
Juniper Networks Inc settles FCPA charge with more than $11.7 million: SEC
The SEC had found Juniper Networks Inc to be non-compliant with provisions of the Foreign Corrupt Practices Act (FCPA). The U.S. Securities and Exchange Commission stated, it has fined and settled with Juniper Networks Inc, a sum more than $11.7… Read More ›
Tesla hikes prices of some of its models in China
The depreciation of the Renminbi has led to a jump in import costs. On Friday, U.S. electric vehicles maker Tesla Inc stated, it has raised the price of some of its models in China. The development comes in the wake… Read More ›
Asian Economies Being Pushed Towards Recession By Trade War
There is a threat of a slowdown in the global economy as well as warning signals of a downturn that has rattled financial markets because of the trade war between the United States and China. While there is no immediate… Read More ›
Reports Suggest The Rich Spending Less Which Can Be A Signal For Recession In US
The fears of a trickle down recessionary effect with it beginning at the top of the spending tree were stoked after reports emerged that the spending is being cut by the rich on everything from homes to jewelry. According to… Read More ›
Japan to increase scrutiny on foreign ownership of Japanese firms
Japan is taking steps to improve the monitoring of the ownership of its companies in industries which it considers as critical to its national security. According to two officials with knowledge of the matter at hand, Japanese officials are considering… Read More ›
Inverted yield curve pushes need for ultra-long bonds
There is renewed interest among U.S. Treasury officials in ultra-long bonds. As per a report from Bloomberg, U.S. Treasury Secretary Steven Mnuchin is seriously weighing the possibility of issuing ultra-long U.S. bonds. According to the report, the matter is “under… Read More ›
Boeing wins $500 million U.S. defense contract
Boeing has won a defense contract pertaining to Qatar’s air force. According to a statement from the Pentagon, Boeing Co has won a $500 million contract for providing an aircrew for F-15QA fighter jet as well as for a maintenance… Read More ›
BP Sells All Its Assets In Alaska For $5bn, To Pull Out Completely From The Region
Following its decision to sell off its entire remaining business in Alaska to a private oil and gas firm, British Petroleum no longer will have any oil and gas operations in this North American region. All of the assets and… Read More ›
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