European Commission President Jean-Claude Juncker and European Council President Donald Tusk are in Beijing to meet Chinese Premier Li Keqiang for the annual China-EU leaders dialogue. On Monday, Donald Tusk, the President of the European Council stated, the World Trade… Read More ›
Regulations & Legal
China registers highest trade surplus levels with U.S. in June since Dec. 2017
The data could potentially prolong and deepen the ongoing trade war. Official data from the U.S. shows, Beijing’s exports to the United States, have unexpectedly risen to record highs. China’s trade surplus with the U.S. peaked in June and could… Read More ›
Broadcom’s proposes $19 billion acquisition of U.S. software firm CA
Earlier the Trump Administration had blocked Broadcom’s $117 billion hostile bid to acquire Qualcomm Inc citing national security concerns. But since then in a cunning move, Broadcom has re-domiciled from Singapore to the U.S, which places it outside of CFIUS’… Read More ›
Comcast raises its bid for Britain’s Sky to $32.5 billion
Tune in to the M&A channel to view the latest in the top prime time drama over Britain’s Sky. Topping Rupert Murdoch’s Twenty-First Century Fox’s bid for Britain’s Sky, Comcast Corp raised its offer to $32.5 billion. Previously, Fox had… Read More ›
Rupert Murdoch’s 21st Century Fox agrees to acquire Sky for 24.5 billion pounds
Having outbid Comcast, 21st Century Fox expects to receive regulatory approval from Britain later this week. On Wednesday, 21st Century Fox stated it has secured a deal to acquire Britain’s Sky for 24.5 billion pounds. Rupert Murdoch’s 21st Century Fox… Read More ›
Shanghai to open up auto sector to foreign investment
The developments comes a day after Tesla announced that it would build an auto plant in Shanghai that would double its global auto manufacturing capacity. On Wednesday, Huang Ou, the deputy director of Shanghai Commission of Economy and Information Technology… Read More ›
Market sentiments turn bearish as Trump threatens imposition of new tariffs on Chinese goods worth $200 billion
The stock and the commodities market slipped lower on Wednesday as trade tensions between U.S. and China continued to escalate. On Wednesday, following renewed threats of tariffs on Chinese goods worth $200 billion by U.S. President Donald Trump, commodities and… Read More ›
China hikes tariffs on select U.S. made optical fiber products
The U.S. companies that are affected by this significant hike in tariffs include Draka Communications Americas Inc, Corning Inc, OFS Fitel, among others. On Tuesday, China’s ministry of commerce disclosed it had applied “anti-dumping tariff rates” for a select segment… Read More ›
Tesla hikes China price of Model X & S by 20%
The U.S. luxury carmaker, which generated 17% of its 2017 sales from China, could relocate some of its carmaking activities to China. In response to the burgeoning U.S.-China trade war, Tesla has become the first automaker to raise the prices… Read More ›
China’s Tencents Holdings to spin-off online music streaming business
Tencent Music aims to raise $4 billion in its U.S initial public offering (IPO), thus valuing the company at $25 billion. On Monday, China’s Tencent Holdings Ltd, stated it intends to spin off and list its online music business in… Read More ›