According to a source briefed on the Phase 1 trade deal, China has pledged to purchase an additional $80 billion of manufactured goods from the United States over the next two years along with just over $50 billion more in… Read More ›
HR & Organization
Hong Kong considers tweaking tax framework to attract private equity
On Monday, Hong Kong’s finance secretary Paul Chan stated, the government is weighing its options for introducing a more “competitive” tax arrangement in order to attract private equity funds to the city. The development comes in the wake of China’s… Read More ›
China’s BYD Co Ltd appoints former GM China President, Kevin Wale, as senior adviser
On Monday, Warren Buffett-backed BYD Co Ltd stated, it has appointed former General Motors China President, Kevin Wale, as a senior adviser to its chairman. In a statement China’s BYD stated, Wale will provide consulting services to BYD’s automotive business,… Read More ›
Indonesia and UAE sign business deals worth $23 billion
On Monday in a tweet, Indonesian President Joko Widodo stated, Indonesia has signed 11 business deals with the United Arab Emirates worth a combined $23 billion (314.9 trillion rupiah). The deals covers investments in areas including energy. Widodo mentioned that… Read More ›
China-Mexico agreement helps boost Chinese exports of goods and services to Mexico
In a statement, Mexican bank Grupo Financiero Banorte stated, it had signed an agreement with China’s Export and Credit Insurance Corp, Sinosure, to help it finance projects in Mexico that involve imports from China. Banorte did not disclose the value… Read More ›
U.S. International Development Finance Corporation eyeing multi-billion investments in Indonesia
On Friday, Adam Boehler, the Chief Executive Officer of U.S. International Development Finance Corporation (DFC), a newly established development financier stated, it is eyeing multi-billion dollar investments in Indonesia in the next two months. Luhut Pandjaitan, Indonesia’s coordinating minister for… Read More ›
As Samsung Boss Faces Bribery Trial, The Group Sets Up A Anti-Corruption Panel
External experts have been appointed to a new oversight panel to stamp out criminal conduct by South Korea’s Samsung Group even as its corporate leader is set to face a trial in relation a bribery scandal involving former president Park… Read More ›
Easy access cash savings products needs overhaul: Britain’s Financial Conduct Authority
On Thursday, in a move that is likely to bump up interest rates for consumers, Britain’s markets watchdog has proposed a single interest rate for cash savings products. The Financial Conduct Authority (FCA) stated, competition in cash savings products needs… Read More ›
Chinese Vice Premier Liu Hu to visit Washington next week for signing Phase 1 trade deal
On Thursday, China’s commerce ministry stated, Vice Premier Liu He, who heads China’s negotiation team in the U.S.-China trade talks, will be visiting Washington next week to sign the “Phase 1” trade agreement. Liu’s Washington visit will be for the… Read More ›
Hard Brexit or no-deal Brexit would either way damage the economy: Klaas Knot
On Wednesday, Klaas Knot, governor of Netherland’s central bank, who also sits on the European Central Bank’s Governing Council stated, in the event of a hard Brexit in 2020, the damage to the economy would be as great had Britain… Read More ›
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