Limited benefits from the U.S. deal with Beijing to open Chinese markets to U.S. natural gas would be available for American drillers and natural gas exporters. Long-term contracts to purchase liquefied natural gas from American suppliers can now be negotiated… Read More ›
Economy & Finance
As U.S. Welcome Wanes, China’s Tech Money Heads For Israel
Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel as they are struggling to seal deals in the United States as regulatory scrutiny tightens. The quarry for Chinese firms has become… Read More ›
Under The 100-Day Plan, U.S. And China Agree To First Trade Steps
Among other steps as part of Washington’s drive to cut its trade deficit with Beijing, the United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and… Read More ›
VW surges ahead putting its 3.0 litre diesel engine emission scandal behind
Having admitted to allegations stemming from the diesel emission scandal, Europe’s biggest car maker is making rapid strides to leave it behind. Here is the order of U.S. District Judge Charles Breyer against the company’s 3.0 litre diesel-scandal-emission-linked models. U.S…. Read More ›
The gasoline industry is all set to be transformed
Asian economies and electric carmakers are going to be key players in this unfolding scenario. Oil and auto executives have disclosed, with India and China shifting their focus from gas-guzzling gasoline engine powered cars to electric vehicles, demand for gasoline… Read More ›
U.S. China rack up deals to boost trade ties
It isn’t clear how these deals will have an economic impact given the fact that despite a 2012 WTO ruling, China has yet to issue operating licenses to Visa & MasterCard to operate in China. On Thursday, U.S Commerce Secretary… Read More ›
Quality-related issue in its engine part leads to Boeing grounding 30-40 of its 737 MAX aircrafts
The engine issue is only a quality assurance defect. Airbus’ A32neo jet is also powered by the similar LEAP-1A engine and its flying travelers without any reported hitch. On Wednesday, Boeing Co disclosed, it had temporarily halted the test flights… Read More ›
German grocery chains launch price wars with Wal-Mart and Amazon in the U.S.
German grocery chains, such as Aldi and Lidl are set to expand their U.S. footprint despite Wal-Mart and Amazon’s dominance in the grocery sector. In a significant development, German grocery chain Aldi Inc is aiming to beat Wal-Mart, the world’s… Read More ›
Brian Duperreault to be named AIG’s CEO
The announcement could come out anytime today, if not sometime later this week. The Wall Street Journal has reported citing sources familiar with the matter at hand, American International Group (AIG) plans on naming Brian Duperreault as its new chief… Read More ›
With $84 Billion Spree, Shale Drillers Are Outspending The World
In order to harvest fields that register fat profits even with the recent drop in oil prices, U.S. shale explorers are boosting drilling budgets 10 times faster than the rest of the world. According to analysts at Barclay’s Plc., compared with just… Read More ›