The Trump administration is leaving no stone unturned to ensure that American business interests are protected from those trying to exploit loopholes and weaknesses in existing treaties. Wilbur Ross, the U.S. Commerce Secretary has told the Wall Street Journal that… Read More ›
United States
Trump wants to use FDI to re-build basic infrastructure in the United States
In a nutshell, here is the essence of the U.S Vice President Mike Pence’s 3 nation tour of Asia. In a strategic development in U.S.-Japan relations, U.S. Vice President Mike Pence is set to meet Taro Aso, Japan’s Deputy Prime… Read More ›
Broadcom emerges as the highest bidder in the first round of bidding for Toshiba’s chip unit
Foxconn is a close second. Japan, U.S. and Taiwan will have to coordinate more closely so that the Chinese don’t get their hands on U.S. nuclear technology, which has the potential for dual use. As per a source briefed on… Read More ›
URS Federal Services clinches $3.6 billion contract from the Pentagon
The Donald Trump Administration is focusing on building a stronger military. The contracts are a testament to that end. The Pentagon has disclosed that URS Federal Services Inc has been awarded a contract worth at least $3.6 billion for the… Read More ›
Qatar Investment Authority opens office in NY
The sovereign wealth fund is in the process of diversifying its portfolio into the US and Asia. As per the CEO of one of the Gulf’s most acquisitive sovereign wealth fund, the Qatar Investment Authority, the company is setting down… Read More ›
Amazon wins $1.5 billion tax case with IRS, negatively skews its domestic and European tax profile
With the judgement of the case being delivered less than a week before the end of the coming financial year, its tax profiles could be significantly affected. In a significant win for Amazon.com Inc, the world’s biggest online retailer has… Read More ›
ZTE pleads guilty to violating U.S. sanctions
The Chinese company had made elaborate plans to hide its illegal activities. Only after the U.S. Department of Commerce threatened to cut off its global supply chain having presented ZTE evidence of its illegal activities did the company agree to… Read More ›
High stakes battle for Wal-Mart in the U.S. groceries market
With Germany-based Aldi quickly gaining market share in the highly competitive U.S. groceries market, Wal-Mart, the pioneer and king of low prices is feeling threatened and has high stakes in this price war. According to sources familiar with Wal-Mart Stores… Read More ›
Toshiba seeking to raise $8.8 billion from its stake in its flash memory unit
Toshiba’s strategy is pretty simple: retain control over the business despite selling portions of its majority stake to multiple bidders and raise $8.8 billion in the process. In the wake of Toshiba seeking to write-off $6.3 billion on its nuclear… Read More ›
France, Germany Netherlands vulnerable to election hacking: former U.S. official Justice Department
The U.S. intelligence community has repeatedly pointed a finger at Russia for having influenced the 2016 U.S. Presidential elections and have called for a more proactive and assertive stance. As per a former official from the U.S. Justice Department who… Read More ›