As per a report from the South China Morning Post citing a source briefed on the matter at hand, a Chinese trade delegation is scheduled to visit Washington on January 13 for signing the U.S.-China Phase 1 trade deal. The… Read More ›
Economy & Finance
Turkey and Libya to engage international firms for locating hydrocarbon resources
In a statement Turkish President Tayyip Erdogan disclosed, Turkey and Libya are likely to engage international companies to search for oil and gas deposits in the eastern Mediterranean. The development comes in the wake of a deal signed by both… Read More ›
USD slips to Nov. 2019 low midst Middle East tensions
On Friday. following a U.S. air strike on Baghdad airport which killed a senior Iranian military official, the Japanese yen led other safe-haven assets higher even as the price of crude oil jumped by $3. Gold prices as well as… Read More ›
China will maintain inflation target at around 3% in 2020
According to Chinese policy sources, Beijing plans on keeping its inflation target at 3% in 2020, in contrast to speculation that it might raise the bar to give room for extra economic stimulus. The inflation target, which will later this… Read More ›
China temporarily blocks Shanghai-London Stock Connect scheme over political tensions
According to five sources, China has temporarily blocked the planned cross-border listings between the London and Shanghai stock exchanges due to political tensions with Britain. The suspension of the Shanghai-London Stock Connect scheme has cast a shadow over the future… Read More ›
Singapore posts decade-low growth midst U.S.-China trade war
On Thursday, preliminary data shows, in 2019 Singapore’s economy grew at its slowest pace in a decade; its manufacturing sector also saw a contraction. Fourth quarter data however is expected to show a modest recovery. The U.S.-China trade war has… Read More ›
Tiffany, Mercedes are among luxury brands adding restaurants to their stores in China
The love for food of Chinese customers is being tapped into by high-end retailers in China to boost sale of luxury goods. Cafes and restaurants to their shops have been added by a host of vendors offering everything from jewellery… Read More ›
Industry Body CII Expects Gradual Recovery In 2020 Of Slowing Indian Economy
The Indian economy, that was considered to be the fastest growing major economy not long ago, saw a dismal performance in 2019. The real estate, automobile, construction sectors and overall consumption demand have been the worst hit. The economy is… Read More ›
Record High For Consumer Spending On Ethical Purchases In UK
The total annual value of ethical purchasing in the United Kingdom has reached record levels, according to a new report, which is now at £41bn. The reported noted that the amount was for products in purchased in the food, drinks,… Read More ›
China’s Efforts To Develop Its Own Tesla Amid A Slowing Economy And Phasing Out Of Subsidies
In recent years, venture capitalists have invested billions of dollars into companies and startups that are focused on development of electric vehicles as the industry itself is strongly supported by the Chinese government. While it is not yet clear what… Read More ›
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