Although this move appears to show China opening its economy up to foreign funds, business expertise and technology, it is to be seen whether these promises will bear fruit or be like the IPO of Chinese companies in the U.S…. Read More ›
Economy & Finance
Hyundai Motor mulling U.S. production of pickup truck and SUV: Seoul Economic Daily
Hyundai Motor is yet to take a final call on producing the pickup truck and SUV in Alabama. On Friday, Seoul Economic Daily reported, Hyundai Motor Co intends to build its Kona and Tucson sport utility vehicles (SUV) and pickup… Read More ›
New tax reform bill does not kill tax credit for electric vehicles
Although the new tax reform bill, as introduced in the U.S. House of Representatives, had contained provisions to eliminate the $7,500 tax credit for EVs, the version that was introduced on Thursday in the U.S. Senate does not contain these… Read More ›
Wisconsin’s Governor Scott Walker to incentive package for Foxconn’s LCD plant in the state on Friday
Despite drawing flak for Foxconn’s LCD plant in the state, the Governor of the state of Wisconsin has given the green signal for the project which would initially provide direct employ to 3,000 people and ultimately to 13,000 people at… Read More ›
Goldman Sachs and China Investment Corp sign agreement for industrial collaboration
The agreement, signed on the sidelines of Trump’s visit to Beijing, covers a whole range of industries which can have or can develop business connections with China. On Thursday, The U.S. State Department released a statement saying Goldman Sachs and… Read More ›
Foreign payment card companies need not enter into JV to operate in China: People’s Bank of China
Foreign payment card companies face more hurdles in China: its central bank has clarified, it cannot officially process their application for operating in China. On Wednesday, China’s central bank has stated, Chinese regulations do not require foreign payment card firms… Read More ›
Britain to introduce bills to enable it to manage post-Brexit scenarios
While the pro-Brexit camp has welcomed the provisions of the bill, the pro EU camp has warned that Britain may not have the independent capacity to strike new trade deals with other nations. On Tuesday, British Prime Minister Theresa May’s… Read More ›
China pressuring foreign card companies into JV
There is an emerging pattern in China’s approach as it engages in various fronts in the world stage. While officially it portrays itself as being professional, however its true colors become apparent as it seeks to impose its will that… Read More ›
Proposed Tax bill will have to deal with double taxation avoidance and WTO rules before it becomes law
A theory that is doing the rounds is that the bill perhaps aims to set off the promise of additional revenue against hopes that the new tax regime may entice MNCs to locate more production and jobs to the U.S.,… Read More ›
CIPS survey reveals British firms struggling to secure orders from EU suppliers post March 2019
Following the Brexit referendum, with the dramatic fall of the pound was interpreted as being good for the economy by the Pro-Brexit interest groups, the results of a survey conducted by the Chartered Institute of Procurement and Supply (CIPS), are… Read More ›
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