Daily Management Review
Economics

US and Mexico to conclude a new agreement instead of NAFTA. Will Canada join in?

After more than a year of negotiations, the United States and Mexico managed to remove major differences in mutual trade, Donald Trump announced yesterday. It is assumed that now two countries will conclude a bilateral agreement that will replace the existing North American Free Trade Agreement...

‘$100 Billion’ Forest City Project In Malaysia To Undergo Review

A reviewing committee to find the “best way forward” for the Forest City project, while the announcement from the Malaysian Prime Minister leaves the Chinese Developer’s share tumbling down. On Tuesday, 28 August 2018, Malaysia informed that a review committee will look into the “Forest City”...

Rejected Bitcoin-Based ETF Application To Be Reviewed By SEC

A failure to convince the SEC of assured fraud free product resulted in an application rejection while the decision is under review. The “U.S. Securities and Exchange Commission” had informed that it is going to re-assess a decision that was taken by its staff of blocking the market entry of “nine...

Nippon Steel’s Attempts To Become ‘An Insider’ Of Promising Indian Market

In a joint bid, Nippon Steel aims to secure Essar Steel under its wings, while legal issues introduce delay. Nippon Steel and Sumitomo Metal Corp are the leading steel manufacturers of Japan, who consider India as the “most promising market” space, whereby they intends on becoming “an insider” for...

Russian Tax Bar Talks On Windfall Profits Unites Government & Corporate Sectors

Russian leading corporate executives hold talks with the government on windfall profit tax hike. Last Friday, the executives of leading chemical and metal manufacturers of Russia gathered in the headquarters of “a business lobbying group” in Moscow. The meeting’s agenda was to hold conversations...

Mexico And U.S. Close To Locking NAFTA Deal

Mexican Economy Minister Ildefonso Guajardo said that bilateral differences with the United States on the North American Free Trade Agreement (NAFTA) are set to be eliminated as talks continue between the trade representative of the two countries.   There was anticipation about the...

China Will Respond 'Resolutely' To US In Trade War: Chinese Minister

China’s finance minister has said that his country would continue to retaliate against the US if the Trump administration decides to impose more tariffs on Chinese imports.   In an interview with the new agency Reuters, the minister said China would respond "resolutely" to the "unreasonable"...

Growing online presence in China is propelling activities in other markets

The number of Internet users in China exceeded 800 million, which is more than in the United States, Japan and Russia combined. Analysts say that the rapid growth of Internet popularity in China is stimulated not only by the online sales of goods and media content, but also by related industries,...

Germany: Europe will create its own SWIFT

Europe is creating an independent payment systems and "systems more independent from SWIFT," said Foreign Minister of Germany Heiko Maas, opening a conference of ambassadors in the Foreign Ministry in Berlin. "Washington's sanctions policy forces us to seek a European response. Sudden adoption of...

No Breakthrough In U.S.-China Trade Talks Even As New Tariffs Are Imposed

The talks on trade between the US and China did not yield any results even as the trade war escalated with each country implementing new tariffs on each other’s goods worth $16 billion.   “We concluded two days of discussions with counterparts from China and exchanged views on how to achieve...
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