Applications are being prepared by Chinese importers to get waivers from the tariffs that have been imposed by China on over 700 products from the United States as a part of the US-China trade war. The Chinese finance ministry recently… Read More ›
Economy & Finance
Goldman Sachs to acquire Capital Vision Services LP for $2.7 billion: sources
A Wall Street Journal report had priced the deal at $2.7 billion. Goldman Sachs expects to close the deal by the third quarter of 2019. In a statement, Goldman Sachs Group Inc said West Street Capital Partners VII, a fund… Read More ›
JP Morgan And Morgan Stanley Say G-20 Summit This Month Unlikely To Deliver US-China Trade Truce
It is unlikely that any solution can be found to end the trade war between the United States and China in the form of a trade deal at the G-20 summit in Japan this month, according to J.P. Morgan and… Read More ›
Why Is American Auto Industry Dependent On Mexico
Sweeping tariffs on Mexican goods into the United States could make building a car in the and buying one in the US a lot more expensive. Building of trucks or cars in all US factories is dependent on Mexican parts…. Read More ›
Trade war with China and Mexico likely to escalate: Goldman Sachs
Things are likely to escalate before they cool down. In a note, economists at Goldman Sachs stated, they see a 60% chance that the United States would slap further tariffs on the final $300 billion of Chinese imports. This is… Read More ›
Huawei hogs limelight in opening of lawsuit in Sherman, Texas
The lawsuit is the first to be heard under the U.S. Defend Trade Secrets Act of 2016; as per Matthew Goss, general counsel for CNEX, Huawei is “weaponizing our courts against U.S. companies.” On Monday, in a lawsuit that is… Read More ›
Global Cargo Demand Hit By Trade War, IATA Cuts 2019 Profit Forecast For The Industry
The profit outlook for the global airline industry for the entire year of 2019 was slashed by the International Air Transport Association (IATA) because of the ongoing trade tensions and spats throughout the world and the rising tendency of protectionism… Read More ›
Trump Urged By US Business Groups To Avert Mexico Tariffs
United States president Donald Trump was urged by the top US business lobbying group and Mexico’s president not to implement his threat of imposing import tariffs on all Mexican products exported in to the US over the issue of illegal… Read More ›
U.S. Furniture Business Impacted By US Tariffs On Chinese Imports
The furniture market and the industry in the United States has been badly hit by the imposition of import tariffs – and which was subsequently increased from 10% to 25% earlier this month, on Chinese goods which also included imported… Read More ›
Germany Will Lose Access To Information If It Uses Huawei, US Warns
United States Secretary of State Mike Pompeo said on Friday that countries that would create the next-generation mobile networks, such as those made by China’s Huawei – which the US considers to be threat to its national security, would no… Read More ›
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