In a statement Indian Foreign Secretary Harsh Vardhan Shringla said, New Delhi and Moscow have signed 28 investment pacts including deals on shipbuilding, steel, energy and coal. Putin’s visit to India comes at a time when Russia has just commenced… Read More ›
steel
Britain aims to strengthen trade ties with US: trade minister Anne-Marie Trevelyan
British trade minister Anne-Marie Trevelyan will seek to strengthen trade relationship with the United States during her visit to New York and Washington on her trip to the United States this week. A full trade relation between the two countries… Read More ›
Sanjeev Gupta’s GFG Alliance strikes debt restructuring deal with with Credit Suisse
The GFG Alliance has agreed to a debt restructuring deal with Credit Suisse for its Australian steel and coal mining assets; it has also announced plans to inject $68 million (50 million pounds) in restarting its Rotherham electric furnace in the… Read More ›
Germany to invests $9.74 billion in large hydrogen projects
On Friday, in a statement, Germany’s Economy and Transport ministries stated, Berlin will invest more than $9.74 billion (8 billion euros) in large scale hydrogen projects, in an effort to scale up hydrogen as an alternative to polluting fossil fuels… Read More ›
Britain’s biggest fund manager with more than $1.55 trillion in AUM, expands push towards low-carbon economy
On Wednesday, Britain’s biggest asset manager said, it plans on increasing the number of companies it assess and engages vis-a-vis climate change, in order to accelerate global efforts to move towards a low-carbon economy. In a statement Legal & General… Read More ›
China’s exports rises for 3rd consecutive months, exceeds market expectations
On Monday, in August with more countries relaxing coronavirus lockdowns, exports from China have risen for the third consecutive month by 9.5% from a year earlier, according to customs data, marking the strongest gain since March 2019. China’s imports have… Read More ›
Mexico accepts U.S. steel demand in USMCA deal with rider
Mexican Foreign Minister Marcelo Ebrard has stated, Mexico’s acceptance on U.S. demand on steel in the United States-Mexico-Canada Agreement would be conditional only if the rule takes effect at least five years after the trade pact’s ratification. Earlier this year,… Read More ›
Brazil in touch with USTR on surprise U.S. tariffs on Brazilian steel and aluminum
According to a source familiar with Brasil’s reaction to the surprise decision by U.S. President Donald Trump to restore tariffs on Brazilian steel and aluminum, the Brazilian government is in touch with the U.S. Trade Representative’s office and other agencies…. Read More ›
European Union poised to extend tariffs on Chinese bicycles
The bicycle industry has been identified as a key industry in China’s current five-year plan and its Made in China 2025 initiative. Thus it is very likely that the state-backed producers would return to selling them at high volumes and… Read More ›
Canada takes steps to ratify USMCA ahead of U.S. VP Mike Pence’s visit
For the USMCA, which will replace NAFTA, to become law, it has to be ratified by lawmakers from the U.S., Canada and Mexico by the end of this summer. In a significant development, Canada took the first step toward ratifying… Read More ›