On Monday, Germany’s Economy Minister Peter Altmaier told German broadcaster Deutschlandfunk, in his assessment uncertainty in the United States is likely to continue for months and clarity would emerge only in spring regarding the direction U.S. policy would take. His… Read More ›
trade wars
Data will decide on next ECB policy: Francois Villeroy de Galhau
ECB policymaker Francois Villeroy de Galhau highlighted the ECB’s resolve to not be swayed by market wings. Economic data will be the determining factor for its next policy move. In an interview on Monday, ECB policymaker Francois Villeroy de Galhau… Read More ›
Brazil seeks $203.6 million in compensation for from EU for imposing tariffs on Brazilian steel
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 ›
Economic pace of emerging nations slowing down due to downbeat in global economy
Emerging economies are expected to take longer to outpace the growth of developed economies, as per a forecast by Centre for Economics and Business Research. According to a report from the Centre for Economics and Business Research, the economic… Read More ›
The chaos in Washington casts its shadow on the economy
Washington’s particular style of functioning appears to be adding to investor concerns and markets across the globe. Partial shutdown of the government, trade wars, open confrontations have added barrels of fuel to the fire. On Tuesday, the greenback fell to… Read More ›
U.S. would lose multiple front trade war: ECB study
The ECB’s simulation shows the U.S. will have bear the full brunt of the trade war, if Trump were to engage in it with more than a one country. In March Trump had said, trade wars were “… an easy… Read More ›
Chung Eui-sun appointed to chief vice chairman of Hyundai Motor Group
Chung Eui-sun role includes helping the company manage trade dynamics in major markets midst a deteriorating global trading condition. On Friday, Hyundai Motor Group disclosed it has appointed Chung Eui-sun, who was so far vice chairman of the Hyundai Motor… Read More ›
Will retaliate if Washington takes further trade measures: Beijing
Given its trade surplus with the U.S., China will have to fight this trade very carefully. Beijing has let it be known that it is open to dialog. On Wednesday, in a move that is indicative of the economic impact… Read More ›
Reason prevails: Trump avoids opening second front in trade wars
The deal reached between Junker and Trump is likely to be the foundation for formal agreements between the EU and the US based on WTO guidelines. In a significant development, the meeting of the European Commission President Jean-Claude Juncker with… Read More ›
U.S. economy chugging along smoothly despite risks of trade wars
Emerging economic data of the U.S economy has so far managed to keep trade wars and related fears at bay. All eyes are now on the outcome of the G7 meeting in Quebec and that of the Federal Reserve, scheduled… Read More ›