Author Archives
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Trade war with China and Mexico likely to escalate: Goldman Sachs
Things are likely to escalate before they cool down. In a note, economists at Goldman Sachs stated, they see a 60% chance that the United States would slap further tariffs on the final $300 billion of Chinese imports. This is… Read More ›
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Huawei Technology to sell undersea cable business
The disclosure was made by Hengtong Optic-Electric Co Ltd in a filing to the Shanghai Stock Exchange. On Monday, a filing by China’s Hengtong Optic-Electric Co Ltd, an optical communication network products company based in Jiangsu, showed that Huawei Technologies… Read More ›
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Huawei hogs limelight in opening of lawsuit in Sherman, Texas
The lawsuit is the first to be heard under the U.S. Defend Trade Secrets Act of 2016; as per Matthew Goss, general counsel for CNEX, Huawei is “weaponizing our courts against U.S. companies.” On Monday, in a lawsuit that is… Read More ›
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Mexican senate to hold special session to ratify USMCA trade deal ‘soon’
Both, Canada and Mexico are pushing to get the USMCA trade agreement ratified before the U.S. enters into poll mode ahead of the 2020 Presidential elections. At a news briefing, Mexican President Andres Manuel Lopez Obrador stated, the government will… Read More ›
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CBS Corp preparing merger talks with Viacom Inc: CNBC
Merger talks are likely to begin in mid-June. According to a CNBC report citing sources familiar with the matter at hand, the board of CBS Corp is preparing for merger talks with Viacom Inc. The merger talks between the two… Read More ›
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U.S. faring well in U.S.-China trade talks: Trump
Enforceability is going to be critical to any potential future trade deal. U.S. President Donald Trump disclosed, the United States was doing well in trade talks with China and that Beijing wants to make a deal with Washington. “China would… Read More ›
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Australian wealth manager facing yet another class-action lawsuit
Allegations of AMP Ltd charging “unjustifiably” high fees for an extended period of time had surfaced in 2018. On Thursday, Australian wealth manager AMP Ltd stated it would defend itself against a new class-action lawsuit filed on behalf of pension… Read More ›
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GE plans to cut 1,000 jobs from its Belfort site in France
GE’s first quarter results could be a bargaining point for the French government since profits rose more than what GE had expected. General Electric (GE) has announced a plan to slash nearly 1,000 jobs in France. The move is likely… Read More ›
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New York dethrones London to become world’s No. 1 financial centre
180 executives participating in the annual Global Regulatory Outlook survey working in asset management, private equity, hedge funds, banking and brokerage houses placed New York above London as the world’s top financial center. On Tuesday, as per the results… Read More ›
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LNG prices likely to shoot up after 2022: ConocoPhillips
ConocoPhillips is expected to take a final investment decision on whether it should develop the Barossa gas field. On Tuesday, the Chief Executive of ConocoPhillips stated, he expects global prices of liquefied natural gas (LNG) to be weak in the… Read More ›
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