Author Archives
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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U.S. International Development Finance Corporation eyeing multi-billion investments in Indonesia
On Friday, Adam Boehler, the Chief Executive Officer of U.S. International Development Finance Corporation (DFC), a newly established development financier stated, it is eyeing multi-billion dollar investments in Indonesia in the next two months. Luhut Pandjaitan, Indonesia’s coordinating minister for… Read More ›
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Easy access cash savings products needs overhaul: Britain’s Financial Conduct Authority
On Thursday, in a move that is likely to bump up interest rates for consumers, Britain’s markets watchdog has proposed a single interest rate for cash savings products. The Financial Conduct Authority (FCA) stated, competition in cash savings products needs… Read More ›
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War risk premiums for tankers surge midst Middle East tensions
Although the United States and Iran have apparently both backed away from a military face-off, oil and gas shipowners are bracing themselves against a war of words which could see lead to asymmetric warfare in the Middle East, which in… Read More ›
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Chinese Vice Premier Liu Hu to visit Washington next week for signing Phase 1 trade deal
On Thursday, China’s commerce ministry stated, Vice Premier Liu He, who heads China’s negotiation team in the U.S.-China trade talks, will be visiting Washington next week to sign the “Phase 1” trade agreement. Liu’s Washington visit will be for the… Read More ›
