Continuing its efforts in an attempt to bully Australia, on Friday, China’s Ministry of Commerce said, it will temporary impose anti-dumping measures on Australian wine from November 28, 2020. The move will further escalate trade and diplomatic tensions between Canberra… Read More ›
trade war
Collapse of global tax treaties could impose $100 billion in costs: Organisation for Economic Co-operation and Development
On Monday, the Organisation for Economic Co-operation and Development said, the global economy could see a drop of more than 1% in output if international talks to rewrite cross-border tax treaties break down and trigger a trade war. On Friday,… Read More ›
Citadel and Citadel Securities expand footprint in Asia-Pacific, opens new offices in Singapore, Shanghai and Sydney
On Monday, in a statement, Citadel, a Chicago-based hedge fund and Citadel Securities, which provides trading services to asset managers, banks, broker-dealers and hedge funds, said, it will open a new office in Singapore. Both businesses, which have offices across… Read More ›
China buying U.S. agricultural products as per Phase 1 trade agreement, looks forward to coordinated response
On Sunday, China’s Global Times cited China’s ambassador to the U.S. as saying, China is in the midst of implementing the first phase of the U.S.-China trade pact and hoped that the two could work together to assess the changing… Read More ›
Apple unlikely to meet revenue guidance because of coronavirus
Weakening demand in China along with lost production due to China’s coronavirus has prompted Apple Inc to revise its sales target which it set just three weeks ago. So far the coronavirus pandemic has killed 1,770 people in China with… Read More ›
Taiwan’s Wistron Corp sets up second iPhone plant in India
In a development that marks Apple Inc’s push to expand its manufacturing in India – the world’s second biggest phone market, Taiwan’s Wistron Corp stated, it plans on assembling printed circuit boards (PCBs) for Apple’s iPhones at its new factories… Read More ›
Threat from Coronavirus puts China’s trade war recovery at serious risk
If ever there was a perfect time to book profits on China China, the time is now. Despite analysts’ estimate of the Chinese economy doubling in size in 2020 in comparison to where it was a decade ago, all of… Read More ›
China’s purchase of U.S. goods and services to touch $40 billion during next 2 years
According to a source briefed on the Phase 1 trade deal, China has pledged to purchase an additional $80 billion of manufactured goods from the United States over the next two years along with just over $50 billion more in… Read More ›
Singapore posts decade-low growth midst U.S.-China trade war
On Thursday, preliminary data shows, in 2019 Singapore’s economy grew at its slowest pace in a decade; its manufacturing sector also saw a contraction. Fourth quarter data however is expected to show a modest recovery. The U.S.-China trade war has… Read More ›
China’s import of U.S. soya surges in November
On Wednesday, according to available customs data, soybean imports from the United States by China has surged in November in comparison to the previous year. China has purchased 2.56 million tonnes of U.S. soybeans, up from zero a year ago… Read More ›