Author Archives
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China vows response to U.S. tariffs threat
U.S. President Donald Trump has threatened to slap tariffs on all Chinese exports to the U.S. On Monday, a spokesman for China’s foreign ministry stated, Beijing will respond if the United States was to take any further steps on trade…. Read More ›
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China’s trade surplus with the U.S. at record high in August 2018
The trade data could further push Washington to impose the next slab of tariffs on U.S. import of Chinese goods worth $200 billion. Customs data disclosed on Saturday showed China’s trade surplus with the United States has widened to a… Read More ›
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Burberry embraces environmental and social responsibilities, stops burning unsold goods worth millions of pounds
Burberry’s CEO Marco Gobbetti is in the process of repositioning the quintessential British fashion house as more upmarket and is pinning his hopes on Riccardo Tisci, a designer whose costumes adorned Beyonce and Madonna. Quintessential British luxury brand Burberry has… Read More ›
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China to adopt strong measures against any new U.S. tariffs
Despite U.S. trade measures the Chinese economy has albeit slowed down a little but has maintained its growth momentum. With U.S. President Donald Trump threatening to impose 25% tariffs on U.S. imports from China worth $200 billion, on Thursday, China’s… Read More ›
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Japan likely to spend $90 billion year-on-year for 5 years on fiscal stimulus
Satoshi Fujii, an adviser to Japanese Prime Minister Shinzo Abe sees the fiscal stimulus measure as the most likely path Japan will have to take in order to maintain its growth trajectory. On Thursday, an adviser to Japanese Prime Minister… Read More ›
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Embattled Theranos Inc will dissolve
Prosecutors had alleged that the blood testing firm could not consistently and accurately provide blood testing results and despite being aware of the issue(s), it had advertised and solicited doctors and patients to use its services. As per a report… Read More ›
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Green industry can add more than $26 trillion to the world economy by 2030
In a study aimed at putting the nail in the coffin of the perception that a low-carbon economy would be costly, the study concluded that moving to renewable energy sources could significantly boost the global economy. According to the results… Read More ›
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Brussels sticks to planned standstill plan over Britain’s demand for broad access to EU banking
Brussels will consider Britain’s request only after the transition period which ends at the end of 2020. As per a senior official from Germany’s finance ministry, the European Union is unlikely to widen the access to its financial markets after… Read More ›
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Oxford Properties Group offers $2.4 billion for Australian office landlord Investa Office Fund
By pitching its $2.4 billion offer for Australian office landlord Investa Office Fund, Oxford Properties Group has bested Blackstone’s A$90 million offer. On Wednesday, Investa Office Fund, an office landlord in Australia stated, it is adjourning a planned shareholder… Read More ›
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Refinitiv launches $8 billion buyout – the largest since the 2007-2009 financial crisis
Refinitiv is essentially Thomson Reuters’ F&R unit, which acquired a 55% majority stake by Blackstone on January 30 2018. Thomson Reuters’ Financial and Risk (F&R) division – Refinitiv has has launched a price guidance on its term loan B, equivalent… Read More ›
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