iQiyi, China’s equivalent of Netflix, is expected to be valued between $8 billion to $10 billion. As per a source with direct knowledge of the plans, iQiyi, Baidu Inc’s video streaming service, is eyeing a IPO in the United States,… Read More ›
U.S
Second round of U.S.-Japan economic dialog to be held on Oct. 16 in Washington
The economic dialog between the two of the biggest economies could potentially deepen U.S.-Japan economic relations. On Monday, the United States and Japan are likely to hold their second economic dialogue on October 16 in Washington, said a source familiar… Read More ›
Trump Administration preparing grounds for tapping Afghanistan’s rare earth minerals
With Afghanistan’s President Ashraf Ghani visiting the U.S. the two leaders vowed to defeat terrorism, the steep hurdle that has to be crossed before Afghanistan’s riches can be tapped. In a meeting in New York, U.S. President Donald Trump and… Read More ›
Trump Administration introduces bill to ease the exports of small arms
The move is likely to boost the sales of guns, but it is unlikely to have a significant impact on the overall revenues of U.S. gun makers, since exports sales account for only 10% of their total revenues. In efforts… Read More ›
North Korea staring at U.N backed military options
With a naval blockade for enforcing U.N sanctions being one of the military options available in the U.S. repertoire, North Korea’s only ally has begun naval war games with Russia in the Korean peninsula. The U.N Security Council has run… Read More ›
Kia Motors hires Pierre Leclercq as its lead designer
Leclercq has worked earlier for a Chinese company, and he knows the kind of designs the Chinese prefer. In a move aimed at reversing its fortunes in China, Kia Motors Corp has hired former BMW designer Pierre Leclercq as head… Read More ›
Motiva Enterprises’ Texas oil refinery shutdown due to Harvey
19.6% of the U.S. oil refinery halted by tropical storm Harvey has halted, as of Tuesday. In a significant blow to U.S. oil production, the largest crude oil refinery in the country was forced to shutdown on Tuesday night due… Read More ›
Uneasy China tries to appease U.S. concerns on its export of cheap steel
The Trump Administration has twice rejected Beijing appeal to cut steel overcapacity by 150 million tonnes. The Financial Times has reported citing sources familiar with the matter, U.S. President Donald Trump has rejected a Chinese proposal to cut steel overcapacity… Read More ›
France backs Trump’s move on troops deployment in Afghanistan
The development points to the recognition of burgeoning economic opportunities in the region. On Wednesday, France’s foreign ministry issued a statement which backed the commitments made by U.S. President Donald Trump on maintaining a military presence in Afghanistan. “France recognizes… Read More ›
Eyeing Afghanistan’s dormant economic wealth, U.S. changes its Afgh-Pak strategy
This a significant strategic shift by the Trump Administration has potentially serious geo-economic consequences for the region and has the potential to bring about a turnaround in Afghanistan’s economy. With the U.S. Administrations deciding to secure Afghanistan from rogue elements,… Read More ›
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