The move, part of a bigger gameplan, is aimed at gaining pricing control over the import of China’s major commodities. With China launching its “internationalised” iron ore contract, Glencore, a global trader, was the first foreign firm to carry out… Read More ›
China
China weighing options of reducing import duty on automobiles by 10%-15%
If China goes ahead with the move, it would help foreign automakers to export more cars into China and help reduce price gaps. On Thursday, Bloomberg has filed a report citing sources familiar with the matter at hand as saying,… Read More ›
China moving back on economic reforms: U.S. Consul general of Hong Kong & Macau
While China has been loquacious about economic reforms and opening up its domestic sector to foreign players, its actions on the ground reflect broken contracts and non-compliance of WTO rules. On Tuesday, the U.S. consul general of Macau and Hong… Read More ›
Bayer gets Russia’s nod for its $66 billion acquisition of Monsanto
Bayer has already received approval from the EU, Australia, Brazil, China; Russia now adds to this list. In a development that aids Bayer’s $66 billion acquisition of Monsanto, it has now got approval from FAS, Russia’s antitrust regulator, for its… Read More ›
U.S. Department of Treasury aiming to plug and strengthen CFIUS law
The strategic move by the Trump Administration is aimed at rationalizing the treatment of business investment in the United States. As per a senior Treasury official, the U.S. Department of the Treasury is weighing options to restrict investments by Chinese… Read More ›
Nissan Motors aims to triple the sales of its luxury car brand Infiniti in China by 2021
Nissan Motors move underscores a deep rooted strategy as it tries to elevate Inifinity’s brand image the way Tesla has done for its offerings – producing a sleek, highly desirable, premium lineup of electric cars. In a strategic development, Nissan… Read More ›
U.S. Commerce Department sets countervailing duties of up to 113% on Chinese common aluminum sheets
These are only the results of the preliminary enquiry, a final determination in the countervailing duty is to be announced on August 30 2018. In a significant development that adds to the growing numbers of reasons behind the Trump Administration’s… Read More ›
Bayer gets antitrust approval from U.S. Justice Department for its $62.5 billion acquisition of Monsanto
The combined company will control more than a quarter of the world’s seed and pesticide market. With the U.S. Justice Department giving the green signal to Bayer AG’s bid to acquire Monsanto Co for $62.5 billion deal, with both companies… Read More ›
USD rises against the yen midst increase in risk appetite following Xi’s speech
Chinese President Xi Jinping’s speech wherein he has promised to open up China’s economy and cut import tariffs have eased investor concerns surrounding the growing trade conflict between the two of the world’s biggest economies. On Tuesday, with Chinese President… Read More ›
Hong Kong-based Modern Dental Group sees business opportunity in U.S. China trade conflict
With the United States slapping tariffs on Chinese imports, there is a growing market opportunity for rivals to Chinese companies to increase their market share in their respective segments and expand their foothold in the U.S. Modern Dental Group Ltd,… Read More ›