Data from the General Administration of Customs shows a sharp increase in the import of proteins by China in the first nine months of this year. On Monday, customs data showed, China’s import of pork and beef have surged. Pork… Read More ›
HR & Organization
U.S. energy firm ConocoPhillips to sell Australian assets to rival Santos Ltd for $1.39 billion
ConocoPhillips is however retaining its LNG plant located in Queensland, Australia. On Monday, ConocoPhillips, a U.S. energy company stated, it has agreed to sell the bulk of its Australian assets to Santos Ltd, a rival, for $1.39 billion. The deal… Read More ›
Russia expands “de-dollarisation” policy to include energy exports
Moscow aims to trim its exposure from to U.S. sanctions. On Sunday, in a significant development, Russian Economy Minister Maxim Oreshkin stated, Moscow is exploring alternatives to the U.S. dollar for energy transactions and is evaluating currency settlements in euros… Read More ›
China hoping for partial trade deal, respite from U.S. tariffs
It is important to note that concessions made by China are largely insignificant and non-systemic. U.S. demands that it stops the forcible transfer of U.S. technology to Chinese firms, stop industrial espionage, stop non-compliance of U.S. intellectual property rights, have… Read More ›
JPMorgan sees 50% possibility of a Brexit deal being struck by Britain and the EU
While earlier it had placed this likelihood at just 5%, following Boris Johnson’s upbeat meeting with his Irish counterpart Leo Varadkar, the bank has placed the likelihood of a deal at 50%. On Friday JPMorgan stated, it now expects Britain… Read More ›
Indonesia to file WTO complaint against EU in November over palm oil
Earlier this year the EU had issued a policy directive, known as RED II, citing excessive deforestation because of cultivation of palm oil. On Friday, Wisnu Wardhana, foreign trade director general at Indonesia’s Trade Ministry stated, the government is aiming… Read More ›
Pathway to Brexit deal sighted by negotiators
Both sides are cautious to not disturb the delicate balance that has been arrived at and have not disclosed the compromises, if any, that have been made. On Friday, just hours after British Prime Minister Boris Johnson and his Irish… Read More ›
U.S. venture capitalists set for record growth rate this year
Despite apprehensions of a corrections in venture capital funding, data from PitchBook Data Inc and National Venture Capital Association point to a bonanza year. According to a report that was released on Wednesday, U.S. venture capitalists are likely to sink… Read More ›
British Prime Minister Boris Johnson facing rebellion from cabinet member over no-deal Brexit
According to a report from The Times, a large number of conservative members of the ruling cabinet are likely to quit in case of a no-deal Brexit. On Wednesday, as per a report from the Times newspapers, British Prime Minister… Read More ›
U.S. Federal Reserves approves simpler ‘Volcker Rule’
The ‘Volcker Rule’ was created in the wake of the 2007-2009 financial crisis and barred banks from making profit-seeking trades with customer funds. In a significant development, the Federal Reserve stated, it has approved a final rule which simplifies the… Read More ›
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