The deal reached between Junker and Trump is likely to be the foundation for formal agreements between the EU and the US based on WTO guidelines. In a significant development, the meeting of the European Commission President Jean-Claude Juncker with… Read More ›
Creativity
EU readies tariffs worth $20 billion on U.S. goods
In the event of negotiations going south, the EU has a backup plan. On Wednesday, EU trade commissioner Cecilia Malmstrom, told Swedish newspaper Dagens Nyheter that in the event the United States imposes trade tariffs on cars imported from the… Read More ›
UK’s finance sector to dodge Brexit bullet: John McFarlane
John McFarlane, chairman of the lobby group The CityUK, remains optimistic despite the prevailing gloom and the lack of clarity surrounding UK’s Brexit strategy. Britain is home to the world’s biggest banks is also the largest insurance market in the… Read More ›
The EU and the US looking to avert a trade war
While Trump has set a sour mood for the meeting set for later today, by going into a trade war with the European Union, Washington would be opening a second front – a strategic mistake. In his signature move, U.S…. Read More ›
Volkswagen hires BMW’s engine development expert Markus Duesmann
Of note is the fact that, when compared with rivals, which include Audi, Mercedes, Porsche and VW, BMW’s vehicles have faced fewer regulatory hurdles tied to excessive pollution. Duesmann is likely to head VW’s Audi brand if and when Rupert… Read More ›
Global hotel prices and airfares set to rise in 2019
The annual forecast by the Global Business Travel Association (GBTA) and those from Carlson Wagonlit Travel (CWT) state cost of hotel stay and travel is likely to shoot up in 2019. According to an industry forecast, rising oil prices and… Read More ›
U.S. economic growth could result in faster interest rates hike
Part of the reason why global markets are jittery is due to the chatter of U.S. economic data, for the second quarter, that is streaming in, which could easily cross current analysts’ forecasts of 4.1%. A higher growth rate is… Read More ›
Saudi Arabia’s Aramco eyeing controlling stake at SABIC
While the size of the stake is yet unknown, what is certain is that it wants a majority stake in SABIC. As per two sources familiar with the matter at hand, Saudi Arabia’s Aramco aims to purchase a controlling stake… Read More ›
Mining giant BHP facing class-action lawsuit over Samarco dam in Brazil
BHP has provisioned $650 million in 2018-2019, which was at the lower end of their expectations. On Monday, Melbourne, Victoria-based BHP, formerly known as BHP Billiton, an Anglo-Australian multinational mining, metals and petroleum company stated, it has been served with… Read More ›
China’s Ministry of Commerce opens anti-dumping probe against Stainless Steel imports from EU, South Korea, Japan and Indonesia
China’s import of hot-rolled stainless steel sheet and stainless steel billets jumped by 200% in 2017. On Monday, China’s Ministry of Commerce disclosed, it has begun an anti-dumping investigation into the import of hot-rolled stainless steel sheet and stainless steel… Read More ›