Australia is a country that stand to lose a lot from a potential trade war between the United States and China. And the way the two largest economies of the world are threatening with tariffs and counter tariffs, there appears… Read More ›
Strategy
Germany Will Again Report Largest Trade Surplus In The World This Year
According to reports published in the German media, despite the increasing international criticism of Germany’s growth model based on exports, the country is set to report the largest current account surplus in the world in 2018. The reports were based… Read More ›
Japan, China seek to restart FX swap lines in sign of warming ties – Kyodo
The currency swap deal will act as a safety net in case of financial turmoil by providing yuan to Japanese banks operating in China and yen to Chinese businesses. On Tuesday, Japan’s Kyodo news agency reported, Tokyo and Beijing are… Read More ›
Asian Development Bank to lend $1 billion to Indonesia
The $1 billion loan is separate from the June 2018 $1 billion in credit ADB had approved for Indonesia to support fiscal reforms and promote investments. On Tuesday, an official from Indonesia’s finance ministry stated, the Asian Development Bank (ADB)… Read More ›
Japan’s Daikin to expand into Africa, eyes sales upwards of $812.71 million from Africa and Middle East
Having emerged as a top player in the fiercely price sensitive Indian market, Daikin the world’s biggest manufacturer of air conditioning equipment maker is one of the few Japanese companies that can compete head to head with the Chinese. The… Read More ›
25,000 ‘Illegal’ Apps Removed From App Store In China By Apple
Media reports claimed that about 25,000 apps were pulled out by Apple Inc from its App Store in China over concerns that those apps could draw the ire of Chinese regulators. According to a news report in Bloomberg, the word… Read More ›
Britain’s Financial Reporting Council fines KPMG for 3 million pounds
On Monday, Britain’s Financial Reporting Council stated, it has imposed a fine of three million pounds on accounting firm KPMG. Apart from the fine, it has also reprimanded and fined KPMG’s senior partner Michael Francis Barradell for misconduct related to… Read More ›
PepsiCo acquires Sodastream for $3.2 billion
The deal sees snack and beverage giant PepsiCo acquiring countertop carbonated water machine maker SodaStream for $3.2 billion. It underscores PepsiCo’s push to add healthier products to its portfolio and move to a more environmentally friendly agenda. On Monday, New… Read More ›
Central banks of Qatar and Turkey sign currency swap deal
H.E Sheikh Abdullah bin Saoud Al Thani, the Governor of Qatar’s Central Bank (QCB) has signed a currency swap agreement with Murat Cetinkaya, the Governor of the Central Bank of the Republic of Turkey, signaling greater economic cooperation between the… Read More ›
Volkswagen agrees to 5.5% salary hike for its workers in Mexico
The agreement, which took 2 weeks to negotiate averted a potential strike at one of its biggest plant in Mexico’s central city of Puebla. On Monday, EU’s biggest carmaker Volkswagen AG stated, it has agreed to a 5.5% increase in… Read More ›
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