On Friday, China’s chief of statistics bureau stated, Beijing will maintain a proactive fiscal policy and a prudent monetary policy in 2020 and will roll out support measures since its economy faces downward pressures. During a press conference in Beijing,… Read More ›
Economy & Finance
British Electric Vehicle Startup To Receive $112 Million Investment From Hyundai And Kia
Investments of more than $110 million by Korean auto giants Hyundai and Kia has propelled the British electric vehicles making startup Arrival to become the most valuable startup of Britain. A spokesperson for the company said that Arrival was valued… Read More ›
The Most Important Things Not Covered In US-China Phase One Trade Deal
While the recently signed phase one trade agreement between the United States and China brought relief to businesses and markets, it was also marked by the fact that the easier aspects of the difficult trade relationship of the two countries… Read More ›
Financial sector optimistic on U.S.-China Phase 1 trade deal
Under the recent Phase 1 U.S.-China trade deal, China has agreed to expedite by nine months a previous December 2020 deadline for removing foreign ownership caps on securities firms, which includes investment banking, underwriting and brokerage operations. The Phase 1… Read More ›
India mulling introduction of new law to protect foreign investments
According to two officials with direct knowledge of the matter at hand, the Indian government is planning on bringing a new law to safeguard foreign investment in the country, by speeding up dispute resolutions. In the initial 40-page draft by… Read More ›
Discussions on U.S.-China Phase 2 trade deal have already begun: U.S. Vice President Mike Pence
In an interview with Fox Business Network, U.S. Vice President Mike Pence disclosed, discussions on the “Phase 2” U.S.-China trade deal have already begun hours after signing the Phase 1 trade deal. The Phase 1 trade agreement has defused some… Read More ›
U.S. President Donald Trump signs U.S.-China Phase 1 trade deal
On Wednesday, U.S. President Donald Trump signed a trade deal with China at a White House event. The U.S.-China trade has been a centerpiece of Trump’s presidency, and the Phase 1 deal ceremony being held at the White House rather… Read More ›
EU needs urgent overhaul of competition policy to meet global challenges
In an interview to Danish business daily Finans, Maersk’s CEO Soren Skou stated, the strict enforcement of competition rules in the European Union is acting as a barrier to developing global champions who can compete with U.S. and Chinese companies…. Read More ›
EU’s equivalence under scrutiny even as Brexit looms
On Tuesday, in a statement, the Association for Financial Markets in Europe (AFME), whose members include major international banks and asset managers, have called on the European Union to make its system for financial market access more transparent and predictable… Read More ›
U.S., EU, Japan need concerted, coordinated action to take on China’s trade practices
On Tuesday, top trade officials from the European Union, the United States, and Japan are set to huddle in Washington to address non-market-oriented trade policies and subsidies by China. According to a spokesman from USTR, U.S. Trade Representative Robert Lighthizer… Read More ›