In what is likely to be a strategic move, the United States has moved quickly to reach new trade deals with Mexico, the EU and Canada and in doing so it can then focus its energies on China, which is… Read More ›
U.S
U.S. trade sanctions on Turkey could destabilise the Middle East: Turkish Finance Minister Berat Albayrak
Although the Turkish lira has continued to weaken, it has stepped back from yesterday’s 6.1200 against the dollar as of 0435 GMT. On Tuesday, the Turkish lira weakened further as investors weighed up Turkey’s efforts to handle its rift with… Read More ›
German business moral all time high in August
The July 2018, meeting between European Commission President Jean-Claude Juncker with U.S. President Donald Trump has done a lot of good, with both sides deciding to negotiate a further cutback to their respective trade tariffs. In August, for the very… Read More ›
Canada’s Enbridge Inc acquires U.S. Spectra Energy Partners for $3.3 billion
The acquisition comes in the wake of the U.S. Federal Energy Regulatory Commission blocking income tax claims of fees charged to shoppers as part of their fees. After this move, many pipeline companies have reorganized their business structure. Canada’s… Read More ›
Here is why wheat prices are set to rise globally
Several of the world’s leading wheat exporters, including Australia, the European Union, Argentina, Canada, the United States, Kazakhstan, Ukraine, and Russia, are seeing their wheat crop suffer this year. The last time this happened there were food riots in Asia… Read More ›
U.S. tariffs on aluminum imports take their toll on Sweden’s Granges JV plans
Granges had aimed to manufacture advanced aluminum materials for brazed automotive heat exchangers through a JV with Mitsubishi Aluminum for the North American and Mexican markets. On Friday, Sweden’s Granges disclosed that it will no longer go ahead with its… Read More ›
Brazilian farmers switch to soy midst increased demand from China
The rising trade war between ther United States and China is reshaping Brazil’s agricultural business. China’s investment in Brazil has also jumped to its 7-year high. To a large extent, the outcome of China’s gamble in Brazil will be weighed… Read More ›
Beijing appoints Zhu Hexin as the vice governor of the PBOC
The appointment comes at a time when the Chinese economy is cooling with record low retail sales, and is showing signs of stress from U.S. sanctions. On Tuesday, in a strategic move China has appointed Zhu Hexin as the vice… Read More ›
China eyeing JVs with Brazil for soybeans-related trade
The development sees China looking to diversify its dependence of soybeans from the U.S. to Brazil. On Monday, as per a senior Chinese diplomat, Brazilian and Chinese companies could potentially form joint ventures for the processing of soy. The development… Read More ›
ECB concerned at continued slide of Turkish Lira
Geo-political tensions, including a widening rift between the U.S. and Turkey, along with Erdogan’s grip on monetary policy are upping the stakes for Eurozone’s banks in Turkey. On Friday, with the Turkish Lira registering yet another record low against the… Read More ›
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