China’s strategy of excessive production and dumping what it cannot domestically consume on its trade partners has widespread ramifications for domestic producers; already being probed by the United States, the investigation by the European Commission is the latest scrutiny of… Read More ›
The news report by South Korea’s Joongang Ilbo newspaper follows U.S. President Donald Trump’s visit to Seoul. On Thursday, a South Korean newspaper reported that the country plans on buying an additional 20 F-35A stealth fighter aircrafts from the US…. Read More ›
Analysts opine, the revised repatriation rules are likely to be the pivot in Apple’s cash strategy. With the U.S. Congress passing the Republican-led tax overhaul bill, one of Apple’s long standing goal of repatriating $252.3 billion in foreign cash without… Read More ›
Bitcoin has become a cause of worry for more traditional money managers than every before. Bank of America Merrill Lynch’s December global fund manager survey that was released on Tuesday sowed that bitcoin was at the top of the list… Read More ›
Thanks to Chinese tourists North Korea earns $44 million a year in foreign currency. According to tourism sources, Chinese tourists are still visiting Pyongyang from China’s border city Dandong. The development is despite apparent unofficial halting of such tours, just… Read More ›
The Republican-led overhaul of the U.S. tax code, a milestone in U.S. history, has direct and indirect benefits but the sectors that are likely to gain the most are highlighted below with notes from analysts. With the Republican-led U.S. House… Read More ›
With geo-economic tensions rising in the Korean peninsula, China is back, once again, bullying and waging an economic war on its neighbour South Korea. With the U.S maintaining its pressure on North Korea, the dictatorial regime main ally China has… Read More ›
According to a group of leading economists from Europe, bitcoin is unlikely to shake up the mainstream markets and as such the cryptocurrency poses no real treat to financial stability. There have been repeated warnings from senior financiers about the… Read More ›
Saudi Arabia wants to diversify and wean its economy from the singularity of oil exports. Its budget is expected to largely follow this framework. As per a senior official from Saudi Arabia’s Minitry of Finance, the Kingdom’s 2018 budget, scheduled… Read More ›
Cavium, a midsize manufacturer of computer chips, was proposed to be taken over by Matthew Murphy, CEO of Marvell Semiconductor. It was a bold move considering the fact that he had become the chief executive for the first time and… Read More ›
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