China would undertake the required measure to protect the interests of its companies and businesses, said the country in retaliation to the decision of the United States to ban American telecom from using equipment and technology from the Chinese telecom… Read More ›
Regulations & Legal
US Shopper Will Face Higher Prices Due To Increased Tariffs, Warns Walmart
The higher tariffs imposed on goods from China would result in increased pricves for shoppers, said the world’s largest retailer Walmart Inc on Thursday. This warning was issued by the company even as it reported the best comparable growth in… Read More ›
Nestle SA in exclusive talks with consortium led EQT Partners and ADIA for selling its skin health business
Although there is no certainty that the deal will go through, but if and as and when it does, Nestle will provide an update on how it will use the proceeds as well as provide a layout of its future… Read More ›
Safety Concerns Over Boeing’s 737 Max Were Raised By Pilots Before Ethiopia Crash
According to reports in the US media, in a meeting last November, Boeing was confronted about potential safety issues in its 737 Max planes by pilots from American Airlines. According to a report published by CBS and the New York… Read More ›
For The First Time, Dividends To Shareholders Cut By Vodafone
For the first time in its history, the payout to its shareholders has been cut by Vodafone as the telecom service company swung to a full-year loss. In November last year, a commitment was made by the new chief executive… Read More ›
Widespread Store Closure In US Predicted Due To Renewed Trade War
There can be massive closures of retail stores because of the latest round of US tariffs on China and tit-for-tat tariffs from China on US goods imported into the country. A new list of Chinese goods worth about $300 billion… Read More ›
Etihad Wants A Minority Stake In Jet Airways, Files Bid
A bid for the ailing Jet Airways of India has been subnmitted by Middle Eastern carrier Etihad Airways, announced the State Bank of India (SBI), a unit of which is conducting the process of sale of the near bankrupt Indian… Read More ›
No Agreement On Trade In Latest Round Of US-China Talks
The latest round of talks between trade representatives of China and the United States ended in Washington without any breakthrough even as the Trump administration announced increase of the already existing tariffs on $200 billion of Chinese goods imported into… Read More ›
Trump escalates trade war
A trade war is far better than a weak non-enforceable agreement given China’s history of reneging on its commitments. In order to be more effective, Trump will have to make manufacturing in China more expensive. That should perk up the… Read More ›
European Commission likely to penalise banks for rigging foreign exchange rates
Banks that are likely to face the legal heat include HSBC, Barclays, JPMorgan, Citigroup, UBS, Royal Bank of Scotland, as well as a small Japanese bank. According to two sources familiar with the matter at hand, the European Commission is… Read More ›