With this bone of contention being amicably resolved, NAFTA negotiations can continue. Two leading newspapers, The Mail and The Globe, have reported citing sources, that the U.S. government has dropped its demand all vehicles manufactured in Canada and Mexico for… Read More ›
Economy & Finance
Rihanna’s Outburst Against Offensive Ad Sees $800 Million Wiped Away From Snapchat’s Market Value
Snapchat’s shares have been sent sliding this time by a celebrity – Rihanna. Opposing an offensive ad that was allowed to appear in the social media chat site, Snapchat was taken apart by the singer last week. approximately $800 million… Read More ›
Australia and ASEAN to establish regional infrastructure pipeline
The development is aimed at boosting high quality infrastructure projects in the region. In a strategic development aimed at countering China’s growing influence in the region, Julie Bishop, Australia’s Foreign Minister stated the Association of Southeast Asian Nations (ASEAN) and… Read More ›
5th U.S. Circuit Court of Appeals strikes down fiduciary rule
This is the second instance wherein systemic changes brought in by former President Barrack Obama in the wake of the 2007-2009 financial crisis is being dismantled. In a landmark judgment, a federal appeals court has struck down the U.S. Department… Read More ›
U.S. Chamber of Commerce warns against imposition of unilateral tariffs
The President of the U.S. Chamber of Commerce has warned that while the Trump Administration was right on it’s focus on China’s industrial policies and unfair trade practices which unfairly impacts the U.S. economy, the current tariffs approach will do… Read More ›
Banks across the Eurozone gets reprieve from ECB’s bad loan guidelines
Saddled with 750 billions euros in sour loans, ECB’s guidelines had wanted banks to hike up their provisions against these non-performing assets. On Thursday, the European Central Bank stated although its guidelines on the treatment of non- performing assets of… Read More ›
Spring Travel Season In U.S. To See Record Number Of Flyers At 151 Million: Airlines For America
There will be an expected 4 per cent increase in the number of to fly globally on U.S. airlines between March 1 and April 30 this year compared to the same period last year and that number would be an… Read More ›
Capacity Cuts Results In Robust Profits For Listed Chinese Steel Companies
Steel prices saw a rise as there was reduction of outdated supply because of cuts in production capacity of China’s listed iron and steel producers resulting in most reporting strong profits for 2017. There was surge of net profits by… Read More ›
U.S. Administration aiming to slash China trade surplus by $100 billion
It is to be seen how the Trump Administration will go about achieving its goal of balancing trade between the two economies. Although a spokeswoman clarified on Trump’s tweet to even out this trade surplus, a lot more clarity will… Read More ›
Here’s Why Broadcom’s Hostile Takeover Of Qualcomm Was Stopped By U.S.
China and 5G are the reasons, according to analysts, that U.S. President Donald Trump scuttled the largest ever tech deal of $117 billion. The White House cited “credible evidence” that the deal would potentially “impair the national security of the… Read More ›