In the event the EU does not pay up, Brazil is likely to impose additional tariffs on hike up existing ones, including the one on powdered milk. Following the imposition of import tariffs by the European Union on Brazil, the… Read More ›
China
China’s ICBC’s wins bid to set up wealth management subsidiary
China’s banking and insurance regulator has approved the bid by Industrial and Commercial Bank of China (ICBC). More banks have also submitted their applications for establishing such subsidiaries. China’s biggest-listed lender by assets, the Industrial and Commercial Bank of China… Read More ›
China’s HNA cuts stake in Deutsche Bank
While earning HNA had voting rights of 7.64%, its now cut it to 6.3%. The development comes as the EU is becoming more conscious of the Chinese threat. According to information available in a filing with the U.S. Securities and… Read More ›
Starbucks launches all-day cafe in China
The effort, aimed at expanding its foothold in the highly competitive Chinese market, will see Starbucks competing with local Chinese startups, including Luckin Coffee. On Friday, Starbucks Corp stated it will be launching a new all-day dining cafe in China… Read More ›
U.S.-China high-level trade negotiations begins in Beijing
The talks will end on Friday. On Thursday, China’s state news agency Xinhua reported, the United States and China have begun high level trade negotiations in Beijing. The Chinese team is being led by Chinese Vice Premier Liu He while… Read More ›
No more permits required for opening bank accounts from 2020: PBOC
The development, aimed at cutting red tapism, is aimed at streamlining and boosting the local economy. On Tuesday, China’s central bank, The People’s Bank of China, stated it will do away with issuing permits for opening bank accounts by companies… Read More ›
Consumption growth in 2019 likely to slowdown: official from China’s Commerce Ministry
With economies around the world, including the United States and the EU, taking measures to mitigate China’s trade policies, China’s economy witnessed a historic slowdown in 2018. As part of that slowdown, the Chinese car market touched its 30-year low…. Read More ›
Australia signs $35.5 billion contract with France’s Naval Group for a fleet of 12 submarines
The development assumes significance since the deal is part of Australia’s plan to secure its trade interests in the strategic Asia-Pacific region. On Monday, Australia signed a production contract with French shipbuilder Naval Group for a fleet of twelve new… Read More ›
U.S.-China trade negotiations to focus on intellectual property
This is a crucial round of negotiations since it revolves around one of Washington’s core demands of China’s treatment of U.S. intellectual properties. Negotiations in the U.S.-China trade war is slated to shift to a higher gear this week with… Read More ›
New WTO rules unlikely to rein in China: USTR report
Economies across the globe have come to realise that China’s non-market economic policy and trade structures as well as its state-led, mercantilist approach to trade, is skewed and lopsided; it benefits only China, to the detriment of its trading partners…. Read More ›
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