China would undertake the required measure to protect the interests of its companies and businesses, said the country in retaliation to the decision of the United States to ban American telecom from using equipment and technology from the Chinese telecom… Read More ›
Economy & Finance
US Shopper Will Face Higher Prices Due To Increased Tariffs, Warns Walmart
The higher tariffs imposed on goods from China would result in increased pricves for shoppers, said the world’s largest retailer Walmart Inc on Thursday. This warning was issued by the company even as it reported the best comparable growth in… Read More ›
China sold U.S. Treasuries worth $20.45 billion in March 2019
Although, this could be part of a retaliatory move, it is to be noted that central banks of export-oriented countries often sell their U.S. Treasury holdings in order to hedge their currencies from a sharp appreciation of the greenback. According… Read More ›
Safety Concerns Over Boeing’s 737 Max Were Raised By Pilots Before Ethiopia Crash
According to reports in the US media, in a meeting last November, Boeing was confronted about potential safety issues in its 737 Max planes by pilots from American Airlines. According to a report published by CBS and the New York… Read More ›
Intesa rulls out leading consortium for rescue effort for Carige
Intesa’s CEO has ruled out leading a rescue effort for Carige. On Wednesday, Intesa Sanpaolo’s Chief Executive Carlo Messina stated, it will not invest any more into an industry fund that could come to the rescue of struggling regional lender… Read More ›
China’s economic cools unexpectedly in April
The escalation in the U.S.-China trade war marks a stunning turning point in U.S.-China relations. With the impact of U.S. tariffs on the Chinese economy sinking in, Beijing will have to do a lot more to manage its public image…. Read More ›
Citigroup to expand Indian footprint with Paytm tie up
The partnership is a win-win situation for both companies. Partnering with Paytm will help Citi expand its financial product base given Paytm’s market dominance in India’s digital payment services market. In a strategic move, India’s biggest digital payments firm Paytm… Read More ›
For The First Time, Dividends To Shareholders Cut By Vodafone
For the first time in its history, the payout to its shareholders has been cut by Vodafone as the telecom service company swung to a full-year loss. In November last year, a commitment was made by the new chief executive… Read More ›
Widespread Store Closure In US Predicted Due To Renewed Trade War
There can be massive closures of retail stores because of the latest round of US tariffs on China and tit-for-tat tariffs from China on US goods imported into the country. A new list of Chinese goods worth about $300 billion… Read More ›
U.S.-China trade war unlikely to trigger “Lehman shock” on global economy
in order to mitigate some of the impact of the U.S.-China trade war, Japan plans on laying the groundwork for a hike in sales tax. On Tuesday, Japanese Finance Minister Taro Aso stated the U.S.-China trade war is not likely… Read More ›