The EU is likely to go in for a negotiated settlement in its trade tariffs spat with the U.S. On Friday, a spokeswoman for Germany’s economy minister stated, a negotiated solution will be sought to the EU-US trade tariffs and… Read More ›
Economy & Finance
Banks are to report suspicious transfers by JVs with North Korea: Japan’s Financial Services Agency
The move is aimed at ensuring Japanese lenders comply to norms prescribed by the Financial Action Task Force which will review Japanese lending practices in 2019. A critical report will place Japanese lenders out of the global banking network. On… Read More ›
Ikea Has Big Plans For India As It Opens Stores Following Regulatory Relaxation
For John Achillea, who used to manage a footfall of 1.6 million visitors a year at an Ikea store in St. Louis, Missouri, moving to India has changed in entire perspective. Achillea, who has bene working with Ikea since 1996,… Read More ›
UN Chief Says Stronger EU, “Fair Globalization” Is Needed By The World
The world would need a stronger and “more intervening” European Union, believes UN Secretary General Antonio Guterres. The European Union is “missing action” in a number of areas where it is needed by the UN and others, Guterres said while… Read More ›
Malaysia to sink in $697.9 million towards completing its TRX City project
The move is aimed at easing concerns of local and foreign investors regarding the completion of the TRX City – an integrated financial district. On Thursday, in a strategic move aimed at allaying concerns of foreign and domestic investors vis-a-vis… Read More ›
China’s Volvo Cars plant in South Carolina caught in tariff wars
The strategic Chinese move is aimed at hurting Trump’s Republican base since South Carolina is a Republican controlled state. The move also carefully targets U.S. jobs as well as hangs the carrot of potential auto exports from the U.S. to… Read More ›
China threatens to impose 25% tariff on U.S. crude
By targeting U.S. crude, Beijing has placed the Trump administration’s “energy dominance” in its cross-hairs. In a development that adds to pressure on the U.S. government to scale back trade pressures on China, energy analysts and executives have disclosed the… Read More ›
India Takes Further Counter Measures To US Trade Tariffs
India is taking fast steps to get back at the United States on trade tariffs. According to a revised World Trade Organization filing by the country, it has proposed enhancing of tariffs on 30 US goods that are imported into… Read More ›
Bailout Exit Terms Could Put Greece And Eurozone At Logger Heads
As the Greek government prepares to close its third bailout program, there is anticipated row between Eurozone finance ministers and the Greek government over the terms of a “golden goodbye”. One of the major issues that is likely to surface… Read More ›
U.S. Dollar touch 11 month as trade feud escalates with China
Although previous protectionist efforts by the U.S. have weakened the dollar, Trump’s trade war rhetorics have, contrary to expectations, strengthened the dollar against a basket of major currencies. With U.S. President Donald Trump threatening to impose 10% tariffs on $200… Read More ›
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