On Tuesday, in a statement, the Association for Financial Markets in Europe (AFME), whose members include major international banks and asset managers, have called on the European Union to make its system for financial market access more transparent and predictable… Read More ›
Month: January 2020
U.S., EU, Japan need concerted, coordinated action to take on China’s trade practices
On Tuesday, top trade officials from the European Union, the United States, and Japan are set to huddle in Washington to address non-market-oriented trade policies and subsidies by China. According to a spokesman from USTR, U.S. Trade Representative Robert Lighthizer… Read More ›
China’s purchase of U.S. goods and services to touch $40 billion during next 2 years
According to a source briefed on the Phase 1 trade deal, China has pledged to purchase an additional $80 billion of manufactured goods from the United States over the next two years along with just over $50 billion more in… Read More ›
Post Diplomatic Row, India Urges Traders To Stop Import Of Malaysian Palm Oil: Reports
The Indian government had privately urged importers of palm oil to stop importing the product from Malaysia which has resulted in a virtual halt in the import of Malaysian palm, claimed reports in India quoting industry and government sources. This… Read More ›
EU Could Trade London’s Access To EU Market Against EU Rights For Fishing
The European Union could allow the City of London to gain access to European markets in exchange of the United Kingdom allowing fleets from Europe to continue to fishing rights in British waters, suggested the EU’s trade commissioner. She said… Read More ›
US Chamber Says Phase 1 Trade Deal Will Stop Bleeding But Not End Sino-US Trade War
While the so called phase one of the trade agreement between the United States and China, that is slated to be signed later this week, will be able to only stop the bleeding but will not be able to bring… Read More ›
Hong Kong considers tweaking tax framework to attract private equity
On Monday, Hong Kong’s finance secretary Paul Chan stated, the government is weighing its options for introducing a more “competitive” tax arrangement in order to attract private equity funds to the city. The development comes in the wake of China’s… Read More ›
China’s BYD Co Ltd appoints former GM China President, Kevin Wale, as senior adviser
On Monday, Warren Buffett-backed BYD Co Ltd stated, it has appointed former General Motors China President, Kevin Wale, as a senior adviser to its chairman. In a statement China’s BYD stated, Wale will provide consulting services to BYD’s automotive business,… Read More ›
Indonesia and UAE sign business deals worth $23 billion
On Monday in a tweet, Indonesian President Joko Widodo stated, Indonesia has signed 11 business deals with the United Arab Emirates worth a combined $23 billion (314.9 trillion rupiah). The deals covers investments in areas including energy. Widodo mentioned that… Read More ›
China-Mexico agreement helps boost Chinese exports of goods and services to Mexico
In a statement, Mexican bank Grupo Financiero Banorte stated, it had signed an agreement with China’s Export and Credit Insurance Corp, Sinosure, to help it finance projects in Mexico that involve imports from China. Banorte did not disclose the value… Read More ›