U.S. President Donald Trump has threatened to slap tariffs on all Chinese exports to the U.S. On Monday, a spokesman for China’s foreign ministry stated, Beijing will respond if the United States was to take any further steps on trade…. Read More ›
Regulations & Legal
China’s trade surplus with the U.S. at record high in August 2018
The trade data could further push Washington to impose the next slab of tariffs on U.S. import of Chinese goods worth $200 billion. Customs data disclosed on Saturday showed China’s trade surplus with the United States has widened to a… Read More ›
Pledge To Eliminate Plastic In UK By 2030 Taken By Global Soft Drink Cos
An action plan that was presented to the British parliament is being touted as the biggest pledge made up by global soft drink companies till date in replacement of throwaway plastic bottles for their products. The report was sponsored and… Read More ›
Scandal Hit US Blood-Testing Firm Theranos To Be Officially Shut Down
The shareholders of the scandal-hit US blood-testing start-up Theranos have been officially involved by the company’s chief executive David Taylor that the company would be formally dissolved. There is no more time remaining with Theranos to get a buyer for… Read More ›
China to adopt strong measures against any new U.S. tariffs
Despite U.S. trade measures the Chinese economy has albeit slowed down a little but has maintained its growth momentum. With U.S. President Donald Trump threatening to impose 25% tariffs on U.S. imports from China worth $200 billion, on Thursday, China’s… Read More ›
Goldman Sachs Halves Tesla Value From What Musk Had Stated In A Tweet
According to the Wall Street investment bank Goldman Sachs, the value of electric car maker Tesla is half of what its founder and CEO Elon Musk tweeted it to be at $420 a share when he recently famously tweeted his… Read More ›
Embattled Theranos Inc will dissolve
Prosecutors had alleged that the blood testing firm could not consistently and accurately provide blood testing results and despite being aware of the issue(s), it had advertised and solicited doctors and patients to use its services. As per a report… Read More ›
Brussels sticks to planned standstill plan over Britain’s demand for broad access to EU banking
Brussels will consider Britain’s request only after the transition period which ends at the end of 2020. As per a senior official from Germany’s finance ministry, the European Union is unlikely to widen the access to its financial markets after… Read More ›
Refinitiv launches $8 billion buyout – the largest since the 2007-2009 financial crisis
Refinitiv is essentially Thomson Reuters’ F&R unit, which acquired a 55% majority stake by Blackstone on January 30 2018. Thomson Reuters’ Financial and Risk (F&R) division – Refinitiv has has launched a price guidance on its term loan B, equivalent… Read More ›
Myanmar Court Sentence For Reuters Reporters Draws Severe Criticism
Despite a recent damning report from the United Nations calling the killings of the Rohingyas to be a genocide conducted by the Myanmar military which increased pressure on the country’s government, a court of the country sentenced two Reuters news… Read More ›
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