U.S. President Donald Trump stated, the United States and China would “very shortly” sign the so-called Phase One trade pact. “We just achieved a breakthrough on the trade deal and we will be signing it very shortly,” said Trump at… Read More ›
Economy & Finance
World Bank Report Shows Record Growth Of Debt In 2018 In EMDEs
An analysis in Global Waves of Debt, the World Bank has found that in 2018, a record $55tn in total debts was attributed to the Emerging market and developing economies (EMDEs). The institution said that this was the straight eighth… Read More ›
EIU Predicts 50% Slower Global Growth Over The Next Decade Compared To The Last
A senior and well known economist has predicted that the pace of global economic growth in te next decade will be about half of what the global economy had achieved in the 2010s. Simon Baptist, chief economist at the Economist… Read More ›
China’s Big Fund trim stake in tech sector
On Saturday, China’s state-backed semiconductor fund announced plans to trim its stakes in select tech firms, even as foreign investors continued to increase their exposure to its tech sector. China’s National Integrated Circuitry Investment Fund, which is known as the… Read More ›
U.S. approach to industry-standard patents undergoes policy-shift
In a far-reaching policy shift, officials from the United States antitrust and patent office stated they no longer deem holders of industry-standard patents anti-competitive if they sue to stop the sale of infringing products. In a joint statement, the U.S…. Read More ›
Britain to enact law to safeguard assets of national security
The British government is set to table a bill which will enable it to intervene in mergers and acquisitions that threaten national security; intervention measures will include blocking the purchase of assets, including those related to intellectual property, as well… Read More ›
Britain to close Brexit Department on January 31, 2020
A spokesman for the British government has disclosed, Britain’s Brexit department will be shutdown once the country leaves the European Union on January 31. Britain’s Brexit department was originally set up in July 2016 to oversee Britain’s negotiations to leave… Read More ›
Hedge funds got early access to market sensitive info from BoE’s audio feeds
Following a report by The Times newspaper, the Bank of England (BoE) has admitted that a rogue supplier has been misusing feeds of its press briefings, to make available market-sensitive information available to traders seconds before rivals. This third-party supplier… Read More ›
China’s Dongfeng Motor to have reduced stake following FCA’s merger with PSA
According to two sources, China’s Dongfeng Motor will have a reduced stake of 4.5% in the new group following the merger of PSA with Fiat Chrysler. The board of both groups have approved a binding memorandum of understanding for a… Read More ›
Goldman Sachs provides WeWork with $1.75 credit line
In a statement, shared workplace operator WeWork disclosed, it has arranged a $1.75 billion letter of credit with Goldman Sachs, which is in the process of being syndicated and it expects to tap the fund in January 2020. The line… Read More ›
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