The industrial giants have agreed to stand shoulder to shoulder to withstand the assault of China state-owned railways – CRRC Corp Ltd. In a significant development, French industrial group Alstom SA has agreed to merge its railways business with its… Read More ›
Economy & Finance
U.S. Commerce Department slaps 220% anti-subsidy duty on Canadian planemaker Bombardier’s Cseries jets
The Canadian airplane maker has termed the U.S. move as absurd and divorced from reality. Following a complaint lodged by Boeing Co, with the Trump Administration, against unfair subsidies received by Canadian airplane maker, Bombardier Inc, on Tuesday, the U.S…. Read More ›
More Protection For Uber-Style Jobs Sought By EU
In order to try to tackle growing social inequality, rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts is sought to be better protected more social protection and rights by the European Commission…. Read More ›
U.S. Seen Putting Off Key Demand On Autos As NAFTA Talks Intensify
Even as U.S. negotiators looked set to once again withhold proposals for one of the Trump administration’s most challenging issues, talks to update the North American Free Trade Agreement have got more intense. Amid warnings from trade experts that time… Read More ›
China’s Zombie Company Problem Is Unlikely To Be Solved By A Private Solution
With bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October, China’s latest push to revive its bloated state-owned sector is set to pick up pace this year. But according to the… Read More ›
After Germany’s Merkel Hangs On To Power, Euro, Stocks Slip
Following the win of European Union’s most powerful leader German Chancellor Angela Merkel’s fourth term but faced by a fractured parliament as support for the far-right surged, the single currency and European stocks slipped. Distraction from negotiations with Britain over… Read More ›
U.S. Commerce Secretary Wilbur Ross prepares the ground for U.S. President Donald Trump’s visit to China this November
With the Trump Administration’s focus on rebalancing trade ties, China is likely to face greater pressure on opening up its economy and reviewing its trade practices. During his recent visit to China, U.S. Commerce Secretary Wilbur Ross has made it… Read More ›
Second round of U.S.-Japan economic dialog to be held on Oct. 16 in Washington
The economic dialog between the two of the biggest economies could potentially deepen U.S.-Japan economic relations. On Monday, the United States and Japan are likely to hold their second economic dialogue on October 16 in Washington, said a source familiar… Read More ›
U.S. refiners exporting sulfur heavy crude before the Oct. 1 deadline which sets stricter sulfur standards
The demand for light sweet crude, with lower sulfur content, is set to peak in the near future. On Monday, an executive from Enterprise Products disclosed that the demand for U.S. light sweet crude is could potentially go northwards since… Read More ›
Since iPhone, This Is How Electric Cars Can Create The Biggest Disruption
A surge of innovation that upended the mobile phone industry was unleashed by Apple Inc. ten years ago. And about to pull the same trick on Big Oil could be electric cars, with a little help from ride-hailing and self-driving… Read More ›