According to former ambassadors and government officials, it is important that Europe nurtures closer ties with South Korea under South Korean President elect Yoon Suk-yeol to manage China’s rising power and the increasing rivalry between the United States and Beijing…. Read More ›
analysis
Gazprom studying options for halting LNG supplies to unfriendly countries
As per a report by Russian daily Kommersant, Russian energy giant Gazprom is weighing options to halt gas supplies to “unfriendly” countries and is evaluating possible consequences. Earlier, Russian President Vladimir Putin has said, Moscow will soon require “unfriendly” countries to… Read More ›
Financial group creating new reporting standards to gauge social and environmental impacts of financing
On Wednesday, a group of banks, including Singapore’s DBS and UBS announced plans to create a new way of measuring the impact of environmental and social financing. The group, called Banking for Impact, also includes ABN Amro and Danske Bank;… Read More ›
Boeing Co faces new electrical grounding issue in best selling 737 MAX
According to two sources familiar with the matter at hand, U.S. air safety officials have asked Boeing Co to submit fresh documentation and analysis showing numerous 737 MAX subsystems would not be affected by electrical grounding issues which were first flagged… Read More ›
Japan’s Financial Services Agency conducting survey on regional economies to gauge impact of new curbs
According to four sources with direct knowledge of the matter at hand, Japan’s banking regulator is conducting a survey on regional lenders to gauge how new curbs imposed earlier this year in January to help mitigate the effects of the… Read More ›
Myanmar coup likely to dampen investment interest: trade experts
According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›
Exposure of hedge funds at near record levels: Goldman Sachs
According to an analysis by Goldman Sachs Inc, last week, U.S. hedge funds bought and sold the most stock in more than a decade midst wild swings in GameStop Corp shares that many had bet against; their market exposure continues… Read More ›
Britain applies for Comprehensive and Progressive Agreement for Trans-Pacific Partnership
In the coming week Britain is set to apply for a membership to the trans-Pacific trading bloc of 11 countries. Ever since it left the European Union, Britain has made its desire to join the Comprehensive and Progressive Agreement for… Read More ›
SMIC’s joint-CEO resigns marking setback for company’s future technology progress
On Wednesday, China’s SMIC, the country’s biggest chipmaker said, it is aware that Mong-song Liang, intends to resign from the board. His role in the company was that of co-chief executive. SMIC is working to verify Liang’s plans to leave… Read More ›
Walmart inc removes $35 minimum order value for Walmart Plus subscribers
On Wednesday, in a statement Walmart Inc said it would remove the $35 minimum order value for subscribers of its loyalty service for next-day or two-day shipping as it gears up for the holiday season online shopping. The change, effective… Read More ›