According to two sources familiar with the internal deliberations, U.S. President-elect Joe Biden Administration is weighing the odds of creating a White House position focused “on competition policy and issues relating to antitrust”. One of the sources has cautioned that… Read More ›
White House
Trump Administration bolster ban on U.S. investors funding Chinese military modernization
In a statement the White House said, U.S. President Donald Trump has signed an executive order which further strengthens the November ban on U.S. investments in companies which are allegedly controlled or owned by the Chinese military curbing their access… Read More ›
Companies that do not comply to U.S. auditing standards will be debarred from U.S. Stock Exchanges
On Monday, in a statement China said it firmly opposes U.S. President Donald Trump’s bill that would remove any Chinese companies from U.S. stock exchanges unless they adhere to U.S. auditing standards. Chinese companies have tapped the lucrative U.S. stock… Read More ›
U.S. sanctions coming over Hong Kong crackdown : Sources
According to three sources familiar with the matter at hand, Washington is preparing to impose sanctions on at least 12 Chinese officials over their alleged role in disqualifying elected legislators in Hong Kong. The move is likely to be formally… Read More ›
Washington bans 4 more Chinese companies from accessing U.S. investor funds
According to sources familiar with the matter at hand, the United States is slated to designate four more Chinese companies as being backed by China’s military thus curbing their access to U.S. investor funds. The previously unreported designations of the… Read More ›
Brian Brooks set to become comptroller of currency: White House
In a statement the White House said, U.S. President Donald Trump plans on nominating Brian Brooks as the county’s comptroller of the currency, a five-year term. Brooks is currently the acting comptroller. Previously he served as chief legal officer of… Read More ›
U.S. ban on sourcing of cotton and other textiles from Xinjiang will impact global major clothing brands
According to a report from the New York Times late on Monday, the United States is weighing a potential ban on some or all products made with cotton from China’s Xinjiang region which Beijing is housing minority Muslims in modern… Read More ›
Trump set to announce news guidelines on re-opening of the U.S. economy from lockdowns
U.S. President Donald Trump said, data suggests that the United States has passed the peak on new coronavirus infections and that he would soon announce “new guidelines” for reopening the economy later today on Thursday. “The battle continues but the… Read More ›
3M will pay big price over face masks: Trump
In a tweet, U.S. President Donald Trump has slammed 3M Co for its business practises. The tweet comes in the wake of Trump’s earlier announcement of invoking the Defense Production Act to get the company to produce face masks. “We… Read More ›
U.S. response to coronavirus – payroll tax cuts, extension of tax deadline on the table: U.S. Senate Finance Committee Chairman Chuck Grassley
With WHO finally classifying China’s coronavirus as pandemic, U.S. Senate Finance Committee Chairman Chuck Grassley stated, a payroll tax cut was among the options being tabled to offset the economic impact of the coronavirus. “If you’re going to negotiate in… Read More ›