A trade deal with the United States, located in another continents, is likely to be more expensive than one with its neighbor across the pool. On Wednesday, British Foreign Secretary Dominic Raab praised U.S. President Donald Trump and mentioned that… Read More ›
U.S
U.S. to impose 10% additional tariffs on $300 billion Chinese goods
The move underscores Trump’s intent to not incentives Chinese strategy of tiring opponents through unproductive never ending negotiations. U.S. President Donald Trump made it lucidly clear to Chinese President Xi Jinping that the United States will not backdown from China’s… Read More ›
Nexstar Media Group Inc and Tribune Media Co must divest TV station in 13 markets: US Justice Department
Nexstar Media Group Inc and Tribune Media Co will have to divest TV station in 13 markets so that their $6.4 billion deal satisfies antitrust concerns. The U.S. Justice Department told Nexstar Media Group Inc and Tribune Media Co that… Read More ›
Roche extends $4.3 billion takeover offer for Spark Therapeutics to September 3
The decision comes in the wake of continuing regulatory scrutiny by antitrust regulators in the UK and U.S. over its takeover offer. Following a continuation of regulatory reviews in the United States and Britain, Roche and Spark Therapeutics announced another… Read More ›
Decision on license to U.S. companies for doing business with Huawei by next week: Wilbur Ross
The U.S. is likely to grant special licensees to U.S. companies who are seeking to maintain non-national security related business ties with China’s Huawei. According to a statement by U.S. Commerce Secretary Wilbur Ross, the Trump administration may respond by… Read More ›
China launches anti-dumping probe of meta-Cresol from the U.S., EU and Japan
Meta-Cresol is an organic compound typically extracted from coal tar that is used to make pesticides and other chemical products. On Monday, China said it has launched an anti-dumping investigation into the import of meta-Cresol, an organic compound typically extracted… Read More ›
3M discloses potential violation of U.S. Foreign Corrupt Practices Act in regulatory filing
3M chanced on certain funding and marketing related efforts in business groups in China, in its own internal investigation. It is cooperating with the U.S. Department of Justice and the Securities and Exchange Commission. In a significant development, 3M Co… Read More ›
Trump target China’s ‘developing nation’ at the WTO
How can China be a developing nation when its GDP is the second largest in the world ? In a development that will have major repercussions on the Chinese economy, U.S. President Donald Trump has pressed the World Trade Organization… Read More ›
U.S. Justice Department approves T-Mobile’s merger with Sprint
T-Mobile’s $26 billion bid to acquire rival Sprint Corp has been approved by the U.S. Justice Department. The breakthrough comes after the deal was caught for more than a year in regulatory limbo. In a significant development, the U.S. Justice… Read More ›
U.S. regulators increases oversight on resolution plans for foreign banks
Resolution plans, also known as living wills, require large banks to detail how they could be unwound in cases of bankruptcy with minimal disruption to the financial system. In a significant development, U.S. bank regulators stated they have not found… Read More ›