This preliminary deal essentially sets the foundation for Detroit-based General Motors landmark deal, to be signed on May 11 with the South Korean government, which will see it set up its Asia-Pacific HQ in the country. The deals are aimed… Read More ›
jobs
Australia, Japan, Canada working together to replace TPP with CPTPP
Chief negotiators from the respective countries in the Asia Pacific region are set to meet next week to hammer out an agreement for signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). On Thursday, Australian Prime Minister Malcolm Turnbull… Read More ›
U.S. Federal Reserve largely expected to raise interest rates on Wednesday
While the hike of interest rates is on expected grounds, its expected hint on the impact of Trump’s tax overhaul is eagerly awaited by investors. With the widely expected raise of interest rates by the Federal Reserve is likely to… Read More ›
Looks like Britain is in a hurry to lose its financial clout
Cultivated and cultured for decades, Britain has since long been a center for finance for the world over. If its nonchalant unpreparedness that it has demonstrated in the Brexit negotiations so far is of any clue, it risks losing its… Read More ›
U.S reactionary imposition of 220% duty on Bombardier has larger geopolitical consequences
Bombardier is a major employer in Northern Ireland, where a handful of legislators is keeping British Prime Minister Theresa May’s minority Conservative government in power. The British government has threatened to cancel 18 Boeing F-18 Super Hornet fighter jets unless… Read More ›
May’s hard Brexit stance pushing financial institutions to relocate to EU
Based on Theresa May’s Brexit stance, most large banks in Britain are working on the assumption that that the most likely outcome of Brexit will be Britain losing its access to EU’s single market and resulting in ‘Hard Brexit’. As… Read More ›
9 million U.S. jobs rely on exports to Canada
Thomas Donohue, president and CEO of the U.S. Chamber of Commerce, told business delegates in Ottawa, without criticizing Trump, that significant changes to NAFTA will affect the connected economies of the United States, Canada and Mexico. The head of an… Read More ›
Samsung considering building a home appliances manufacturing plant in the U.S.
Although the Trump Administration has not specifically targeted any South Korean company, many have preemptively announced potential investment plans to ward-off criticism. Potential investments plans could however sour stemming from risks from the Trump administration’s trade policies. According to a… Read More ›
Trump’s protectionism is an opportunity for Germany
In an increasingly connected world closing borders and trade routes is essentially self-defeating. German officials have suggested to their government that this is a classic watershed moment to invest in deepening the country’s trade ties with Asia and South America…. Read More ›
Shepherded by Trump GM to announce $1 billion investment at its U.S. plants
Despite the posturing of U.S. auto giants, the Trump administration is likely to lead to higher input costs, which could moderate the demand of SUVs, which is currently on a high, due to higher prices. According to a person who… Read More ›