U.S. efforts aimed at balancing its trade deficit with China, could significantly impact its strategic “Made in China 2025” policy. A reduction in Beijing’s global trade surplus is likely to have wide ranging cascading effects on its economy and its… Read More ›
Economy & Finance
Pace of growth of U.S. economy picks up in first quarter
Gross domestic product (GDP) estimates for the April-June period, are above the 4% annualized rate and are double the 2.0% pace logged in the first quarter. During the second quarter of 2018-2019, the U.S. economy has continued to maintain its… Read More ›
Boeing’s acquisition of Embraer’s commercial aviation division in final stage of negotiations
The deal could potential the creation of a new company controlled by Boeing which will focus on commercial aviation while Embraer would stick to creating business jets and aircrafts for defense. As per a report by Brazil’s largest financial newspaper… Read More ›
China’s temporary ban of Micron Technology’s chip sales in China sours mood of investors towards semiconductor stocks
Market sentiments are likely to be choppy ahead of July 6 – the date on which the United States is set to impose additional tariffs on Chinese goods worth $34 billion. Following China banning the sale of Micron Technology’s chip… Read More ›
Japan selects Lockheed Martin Corp’s advanced radar worth upwards of $4 billion for its missile defense system
The move will not only ease U.S. concerns of Japan’s trade surplus with Washington but will also strengthen the country’s defenses against its foes. Japanese military planners see North Korea as an immediate source of danger and perceive China’s growing… Read More ›
NTIA recommends blocking China Mobile from accessing U.S. market citing threats to national security
From a purely commercial perspective, blocking China Mobile from accessing the U.S. market is unlikely to make any material impact since the bulk of its income is derived from the domestic market. A post by the U.S. National Telecommunications and… Read More ›
Major Chinese banks supporting yuan by selling USD
The downturn of the Chinese yuan underscores investor concerns vis-a-vis the growing trade row between the United States and China. On July 6, U.S. tariffs on $34 billion worth of Chinese goods are set to kick in. On Tuesday, according… Read More ›
Slapping tariffs on car & car parts exports will only harm U.S. auto industry by $294 billion: EU
A hike in tariffs on EU’s automotive exports to the U.S. will not only impact the U.S. GDP by $13-$14 billion and bring no improvements to its current account balance it will also cost the United States 120,000 jobs. Slapping… Read More ›
REC Silicon slashes 40% of its workforce from its Moses plant in Oregon
The development is an outcome of the trade dispute between the United States and China. Incidentally, REC Silicon’s Montana plant will not be affected by this lay off. On Monday, Norway’s REC Silicon stated it would slash its workforce by… Read More ›
Parts Of Chinese Economy To Be Opened Up Further To Foreign Investment
More parts of its huge economy and market would be further opened up to foreign investment, China has said. Restrictions in multiple sectors such as railways, shipping and power grids would be loosed or removed, announced the Chinese government late… Read More ›