Author Archives

• Tesla hikes China price of Model X & S by 20%

  By admin1 on July 10, 2018 • ( 0 )

  

  The U.S. luxury carmaker, which generated 17% of its 2017 sales from China, could relocate some of its carmaking activities to China. In response to the burgeoning U.S.-China trade war, Tesla has become the first automaker to raise the prices… Read More ›

• Foreign investors sold Japanese equities worth $7.06 billion in May-June 2018

  By admin1 on July 9, 2018 • ( 0 )

  

  Having purchased substantially in the first half of the month, foreign investors turned net sellers once the Trump Administration raised the ante, escalating the trade dispute into a potential trade war against Chinese imports to the U.S. aimed at balancing… Read More ›

• China’s Tencents Holdings to spin-off online music streaming business

  By admin1 on July 9, 2018 • ( 0 )

  

  Tencent Music aims to raise $4 billion in its U.S initial public offering (IPO), thus valuing the company at $25 billion. On Monday, China’s Tencent Holdings Ltd, stated it intends to spin off and list its online music business in… Read More ›

• New Zealand to purchase 4 Boeing P-8A Poseidon maritime surveillance aircrafts for $1.6 billion

  By admin1 on July 9, 2018 • ( 0 )

  

  The strategic deal will strengthen New Zealand’s diplomatic ties to the United States and underscores the government’s will to vigorously increase patrolling and surveillance operations in the region. On Monday, New Zealand’s Defense Minister Ron Mark stated, New Zealand has… Read More ›

• U.S. aims to target Chinese goods $500 billion

  By admin1 on July 6, 2018 • ( 0 )

  

  U.S. efforts aimed at balancing its trade deficit with China, could significantly impact its strategic “Made in China 2025” policy. A reduction in Beijing’s global trade surplus is likely to have wide ranging cascading effects on its economy and its… Read More ›

• Pace of growth of U.S. economy picks up in first quarter

  By admin1 on July 6, 2018 • ( 0 )

  

  Gross domestic product (GDP) estimates for the April-June period, are above the 4% annualized rate and are double the 2.0% pace logged in the first quarter. During the second quarter of 2018-2019, the U.S. economy has continued to maintain its… Read More ›

• Chen Feng to be sole chairman of China’s HNA Group

  By admin1 on July 6, 2018 • ( 0 )

  

  Following the untimely death of its co-founder Wang Jian, shares held by him of the debt-laden aviation-to-financial services conglomerate will be transferred to either a China-based charity or a New York-based foundation, which together hold a controlling stake in the… Read More ›

• Japan’s Taiyo Nippon Sanso Corp to buy Praxair Inc’s European businesses for $5.9 billion

  By admin1 on July 5, 2018 • ( 0 )

  

  The purchase is contingent on the planned Praxair-Linde deal going through which is subject to regulatory approval. On Thursday, Japan’s Taiyo Nippon Sanso Corp disclosed that it had agreed to acquire some of Praxair Inc’s European businesses for $5.9 billion… Read More ›

• Boeing’s acquisition of Embraer’s commercial aviation division in final stage of negotiations

  By admin1 on July 5, 2018 • ( 0 )

  

  The deal could potential the creation of a new company controlled by Boeing which will focus on commercial aviation while Embraer would stick to creating business jets and aircrafts for defense. As per a report by Brazil’s largest financial newspaper… Read More ›

• China’s temporary ban of Micron Technology’s chip sales in China sours mood of investors towards semiconductor stocks

  By admin1 on July 4, 2018 • ( 0 )

  

  Market sentiments are likely to be choppy ahead of July 6 – the date on which the United States is set to impose additional tariffs on Chinese goods worth $34 billion. Following China banning the sale of Micron Technology’s chip… Read More ›