The total amount recovered by Brazil’s state-controlled oil company so far amounts to nearly 828 million reais, shows the securities filing. According to a securities filing late on Monday, Brazil’s state-controlled oil company Petroleo Brasileiro SA disclosed, it has received… Read More ›
Regulations & Legal
Trump ‘Confident’ Mexico’s Pledge Of Curbing Illegal Immigration Would Be Implemented
A new deal between the United States and Mexico, according to which the Southern neighbor of the US pledged to expand a controversial asylum programme and increase border security at its southern border to cut down on the flow of… Read More ›
Britain must stop funding fossil fuel projects abroad: lawmakers
Not only is such funding not aligned with Britain’s efforts to reduce greenhouse gases and carries risks for taxpayers but also as a result of stricter emission reduction targets, and as renewable energy becomes cheaper, companies could be left with… Read More ›
European trade vehicle for business with Iran is ready: German Foreign Minister Heiko Maas
Instex – the European trade vehicle is a barter system that circumvents U.S. sanctions. On Monday, in a significant development, Germany’s Foreign Minister Heiko Maas stated, all the formal requirements for a European payment system for barter-based trade with Iran… Read More ›
Ericsson signs license agreements with Intellectual Ventures
Following the deal, Ericson expects a negative impact on its operating profit. On Monday, Ericsson disclosed, it expects a negative impact on its operating income in segment Networks in the current quarter following a deal wherein it reached an agreement… Read More ›
Bipartisan bill introduced to enforce financial compliance on U.S.listed Chinese companies
According to the Accounting Oversight Board, it faced headwinds in inspecting the auditing work of 224 U.S.-listed Chinese companies which have a combined market capitalization of $1.8 trillion. In a significant development, a bipartisan group of U.S. lawmakers have introduced… Read More ›
U.S. to sell weapon systems worth $2 billion to Taiwan
In a meeting U.S. Defense Secretary Patrick Shanahan made it clear that Washington will no longer “tiptoe” around China’s aggressive behavior in Asia. According to four sources familiar with the negotiations between the United States and Taiwan, Washington is pursuing… Read More ›
India To Retain Title Of Fastest Growing Major Economy In 2019-2021:World Bank
The World Bank has said that robust investment and private consumption would help drive economic growth of India for the next three years at 7.5 per cent. India has been estimated to have grown at 7.3 per cent in the… Read More ›
Real Economy Can Be Hit Pretty Fast By An All Out Trade War, Warns ECB
A warning issued by the European Central Bank (ECB) on Wednesday claimed that there can be “bouts of high volatility” in financial markets could result because of the increasing uncertainty about global economic growth, The ECB has warned that there… Read More ›
Importers To Take Advantage Of Tariff Waiver Program Of Chinese Government
Applications are being prepared by Chinese importers to get waivers from the tariffs that have been imposed by China on over 700 products from the United States as a part of the US-China trade war. The Chinese finance ministry recently… Read More ›