Author Archives
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China lifts rules on foreign ownership for financial firms
Although this move appears to show China opening its economy up to foreign funds, business expertise and technology, it is to be seen whether these promises will bear fruit or be like the IPO of Chinese companies in the U.S…. Read More ›
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Hyundai Motor mulling U.S. production of pickup truck and SUV: Seoul Economic Daily
Hyundai Motor is yet to take a final call on producing the pickup truck and SUV in Alabama. On Friday, Seoul Economic Daily reported, Hyundai Motor Co intends to build its Kona and Tucson sport utility vehicles (SUV) and pickup… Read More ›
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New tax reform bill does not kill tax credit for electric vehicles
Although the new tax reform bill, as introduced in the U.S. House of Representatives, had contained provisions to eliminate the $7,500 tax credit for EVs, the version that was introduced on Thursday in the U.S. Senate does not contain these… Read More ›
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U.S. Air Products and Chemicals Inc and China’s Yankuang Group to collaborate and build one of the world’s coal-to-fuel and chemicals facilities in China
The deal, which came about on the sidelines of U.S. President Donald Trump’s visit to Beijing, has yet to be finalized. On the sidelines of U.S. President Donald Trump’s visit to Beijing, Air Products and Chemicals Inc, a U.S. industrial… Read More ›
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Wisconsin’s Governor Scott Walker to incentive package for Foxconn’s LCD plant in the state on Friday
Despite drawing flak for Foxconn’s LCD plant in the state, the Governor of the state of Wisconsin has given the green signal for the project which would initially provide direct employ to 3,000 people and ultimately to 13,000 people at… Read More ›
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Qualcomm signs 3 non-binding MOUs with Oppo, Xiaomi and Vivo
The potential deals were signed during U.S. President Donald Trump’s visit to Beijing. Their potential worth is difficult to assess since they are non-binding. On Thursday, the U.S. State Department stated that Qualcomm Inc has signed potential deals worth $12… Read More ›
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Goldman Sachs and China Investment Corp sign agreement for industrial collaboration
The agreement, signed on the sidelines of Trump’s visit to Beijing, covers a whole range of industries which can have or can develop business connections with China. On Thursday, The U.S. State Department released a statement saying Goldman Sachs and… Read More ›
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Foreign payment card companies need not enter into JV to operate in China: People’s Bank of China
Foreign payment card companies face more hurdles in China: its central bank has clarified, it cannot officially process their application for operating in China. On Wednesday, China’s central bank has stated, Chinese regulations do not require foreign payment card firms… Read More ›
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London Stock Exchange’s CEO quits job under duress
Chris Hohn, a top investor at LSE, has in a letter to LSE’s chairman, Donald Brydon, demanded that Xavier Rolet be allowed to speak publicly on the reasons for his departure. On Wednesday, Chris Hohn, a top investor in the… Read More ›
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Viacom’s Paramount Pictures scraps Chinese funding deal
While the funding enabled China to projects its ideology onto viewers worldwide, Beijing’s scrutiny on foreign bound investment which it terms as “irrational overseas spending” curtailed the deal. On Wednesday, in a development that is an outcome of heightened scrutiny… Read More ›
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