Hong Kong has been threatened by the United States of severe penalties being impose against it if it carries out any sort of business with an oil tanker that has allegedly the US sanctions on Iran and is heading to… Read More ›
Regulations & Legal
Canada takes steps to ratify USMCA ahead of U.S. VP Mike Pence’s visit
For the USMCA, which will replace NAFTA, to become law, it has to be ratified by lawmakers from the U.S., Canada and Mexico by the end of this summer. In a significant development, Canada took the first step toward ratifying… Read More ›
Trump Wants A Trade Deal With Japan By August This Year, Japan Denies Any Knowledge
An announcement for a US-Japan trade agreement could be made in August, said the United States president Donald Trump which is an indication that he would want to push Japan for the trade deal well before the six month period… Read More ›
UBS Says Not ‘Enough Pain’ Being Faced By US & China Currently To Strike A Trade Deal
After United States president Donald Trump implemented an increase in trade tariffs on Chinese products and included Chinese telecom manufacturer Huawei in its so called’ entity list’ that banned it from doing business in and with US companies, thye high… Read More ›
China’s banking regulator takeover Mongolia-based Baoshang Bank
The development underscores the prevalence of unmanageable debt, which poses a systemic risk in China’s financial system. On Monday, in a significant development, the takeover of Inner Mongolia-based Baoshang Bank by by China Banking and Insurance Regulatory Commission (CBIRC), jolted… Read More ›
Mexico To Hold Auction Of Seized Vehicles Obtained By Corrupt Means
The government of Mexico under its leftist president has taken up a populist anti corruption crusade. And this week end, government authorities are going to auction away dozens of luxury cars that have been seized from corrupt politicians and mobsters… Read More ›
Safety Budget Of Facebook Is Higher Than Twitter’s Annual Revenues: Mark Zuckerberg
Facebook is cracking down harder on fake accounts. In the first quarter of 2019, action taken by Facebook against suspected fake accounts was twice as much as it had done with such accounts in the fourth quarter of 2018, announced… Read More ›
Countries who artificially undervalue currency could see hike in U.S. tariffs
Chinese exports to the United States could face additional hike in tariffs from this proposed new rule by the U.S. Commerce Department. In a significant development the U.S. Commerce Department stated it proposes to impose anti-subsidy duties on products from… Read More ›
A China Ban Could See Apple Earnings Fall By Almost 30%: Goldman Sachs
There is no truce in sight for the acrimonious trade war between the United States and China. In the latest escalation to that trade war, the US Commerce Department blacklisted the Chinese telecom equipment making giant Huawei after US president… Read More ›
Thyssenkrupp’s board open to sale of its Elevator Technology business
Thyssenkrupp’s CEO Guido Kerkhoff prefers that its Elevator Technology business be listed on a stock exchange. According to two sources familiar with the matter at hand, Thyssenkrupp’s supervisory board has left provisions open for a potential sale of its elevator… Read More ›
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