This was the second such robbery in the same branch, with the robbers walking away after having filled a backpack with 1,567 centenarios worth $2.5 million. According to Mexican security officials, armed robbers have managed to break in to a… Read More ›
Creativity
China to lift import tariffs on limited agricultural products
On August 6, 2019, China had stated it would stop importing U.S. agricultural products. It now plans on lifting import restrictions on a limited number of items. On Wednesday, China’s Ministry of Commerce stated, it plans on removing import tariffs… Read More ›
Britain looking to seal trade deal with the United States after Brexit
A trade deal with the United States, located in another continents, is likely to be more expensive than one with its neighbor across the pool. On Wednesday, British Foreign Secretary Dominic Raab praised U.S. President Donald Trump and mentioned that… Read More ›
Air China suspends Beijing-Hawaii air route
The development comes in the backdrop of an escalating trade wat with the United States. In a development that marks China once again resorting to using tourism as a weapon in the ongoing U.S.-China trade war, Air China, Beijing’s flagship… Read More ›
Jezz Bezoz sells 990 million Amazon.com Inc’s shares, makes $2.8 billion
Jeff Bezoz had earlier stated, he would be selling stock every year to fund Blue Origin. As of last Friday, Amazon.com Inc’s Chief Executive Officer Jeff Bezos has sold $990 million worth of shares in the company and made a… Read More ›
U.S. trade action on China hits home – Renminbi falls to new low
As a result of the Renminbi breaching this threshold, the Chinese will have to shell out a lot more to service their debt especially if they want to boost exports. This is even more important given Beijing’s holding of the… Read More ›
HSBC second quarter profits rise by 15.9%, announce share buyback of $1 billion
While analysts’ had expected it would return some of its profits through dividends, HSBC has stuck to its strategy of share buyback. On Monday, HSBC reported its second quarter results. Its first-half pretax profits have risen by 15.9%. HSBC has… Read More ›
South Korea to invest $6.48 billion to cut reliance on Japanese imports
The ruling of a South Korean court ignited bilateral trade ties. Since then, relations have tread mostly southwards. On Monday South Korea announced, it plans on investing $6.48 billion (7.8 trillion won) in research and development for local materials, equipment… Read More ›
Fox Corp acquires U.S. consumer lender Credible Labs Inc for $397 million
The acquisition has synergy with Fox Business and Fox Television Stations, given that Credible would benefit from access to the broadcast and entertainment giant’s huge audience. On Monday, Credible Labs Inc, a U.S. consumer lender disclosed, it has agreed to… Read More ›
Recent Trump China Tariffs Turns US Retail Industry Fears Into Reality
The announcement of a 10 per cent import tariff on the remaining $300 billion worth of Chinese imports by the United States president Donald Trump has seen retail stocks lose value significantly. The plight of the retailers was spoken about… Read More ›