The tariffs will kick in on October 16, 2018. On Monday, China’s Ministry of Commerce stated, Beijing will slap anti-dumping tariffs on the imports of hydroiodic acid from Japan and the United States. The tariffs, will go into effect from… Read More ›
Economy & Finance
Eddie Lampert, Sears Holdings Corp’s CEO steps in for bankruptcy financing
Eddie Lampert, Sears Holdings Corp’s largest shareholder and lender, is hoping to use the proceedings to help Sears tide over liquidation ahead of the crucial holiday shopping season. According to sources familiar with the matter at hand, Eddie Lampert, Sears… Read More ›
No-deal Brexit most likely outcome: Ashley Fox
Ashley Fox on Brexit and why the ‘No-Deal’ scenario is the most likely outcome. As per a report by The Observer which cites a leaked e-mail, the head of the Northern Irish party whose support is instrumental to British Prime… Read More ›
USMCA does not impact bilateral agreement: Mexican Foreign Minister Luis Videgaray
Although U.S. Commerce Secretary Wilbur Ross had termed a provision of the USMCA as a “poison pill”, Mexico and China have agreed to interpret it differently: they have emphasized that it does not impact bilateral trade relations between countries that… Read More ›
Japan’s central bank likely yo end market stimulus: Haruhiko Kuroda Governor BOJ
Having met its targeted inflation level of 2%, Japan’s central bank has stated it would end its loose monetary policy. In an interview to Bloomberg, Haruhiko Kuroda, the Governor of the Japan’s central bank stated, the Bank of Japan is… Read More ›
Britain needs a new approach towards Brexit: Iain Duncan Smith
Former British lawmaker Iain Duncan Smith on Theresa May’s Brexit strategy. Iain Duncan Smith, a former leader of Britain’s Conservative Party who is a Eurosceptic stated, the party does not need a leadership to bridge the deep divide over the… Read More ›
Global Auto Companies Hit By Slowing China Sale
The performance of vehicle manufacturing companies throughout the world is being affected by the slowdown in the Chinese market of auto sales in the month of September. Data from multiple sources show that there was a 11.6 per cent drop… Read More ›
Saudi Arabia’s Economic Dreams Threatened By Business Backlash Over Khashoggi Issue
It was about a year ago that the Crown Prince of Saudi Arabia Mohammed bin Salman pledged before a host of prominent foreign investors with going ahead with his plans for the transformation of the kingdom’s economy ad drive the… Read More ›
US Federal Reserve Is ‘Out Of Control’, Says President Trump
US President Donald Trump gas continued salvo against the US central banker the Federal Reserve and called the institution “out of control” and “far too stringent”. While saying that he was not considering removing Fed chairman Jay Powell, but he… Read More ›
Journalist Disappearance Issue Forces Business Backlash On Saudi Arabia
Those business and media firms that once supported Saudi Arabia’s Crown Prince Mohammed bin Salman have now turned against the kingdom over the alleged disappearance of journalist Jamal Khashoggi. Major partnerships have been put at risk and a major conference… Read More ›