Economics

In-Depth Trade Talks With US On Phase One Says China

The Chinese commerce ministry said on Thursday that in-depth discussions on a “phase one” trade agreement was being held with the United States which also includes the proposal making the
Published on November 14, 2019
By Debdutta Ghosh

Yahoo! is negotiating to merge with Japanese QR payments operator Line

The transaction between the two QR payment operators may become the largest event in the Japanese technology market.
Published on November 14, 2019
By Iris Barker

Trump Will Postpone Tariff Decision On Foreign Cars From EU & Japan, Expect Automakers

According to five auto officials, major auto companies in the United States believe that the self-imposed deadline by president Donald Trump for the possibility of imposing tariffs of up to
Published on November 13, 2019
By Debdutta Ghosh

China Trade Deal ‘Close’, Says Trump, But Provides No Specifics

While hinting that the so called ‘phase one’ of a trade deal will with China could be completed “soon”, United States president Donald Trump denied to provide any further details
Published on November 13, 2019
By Debdutta Ghosh

Moody’s expects declining sustainability of sovereign borrowers

Global uncertainty and a slowdown in global economic growth will negatively affect the creditworthiness of sovereign borrowers in the coming 2020, Moody's warns. So far, the risks of developed-country governments…
Published on November 13, 2019
By Iris Barker

Economists Forecast Lingering Of Germany’s Economic Pain

Economists had predicted that the largest economy of the European Union and indeed Europe’s economic powerhouse – Germany, would experience a fleeting slowdown but will bounce back strongly soon after.
Published on November 11, 2019
By Debdutta Ghosh

A Digital Currency Could Be Launched By The EU As A Counter To Facebook’s Libra

A public digital currency could be issued by the European Central Bank (ECB), claimed reports citing information from a draft document of the central bank. According to analysts, the ECB
Published on November 9, 2019
By Debdutta Ghosh

Tariffs To Be Rolled Back If ‘Phase One’ Trade Deal Goes Through, Say China And US

If the “phase one” of a trade deal between China and the United States is completed both the sides will also include in it an agreement to roll back the
Published on November 8, 2019
By Debdutta Ghosh

$5 Billion In Budget Support Need By Sudan To Avoid Economic Collapse: Reuters

The economy Sudan can be saved by a financial package of up to $5 billion to prevent a collapse and to bring in economic reforms according to the finance minister
Published on November 8, 2019
By Debdutta Ghosh

China-US Agrees To Phase Out Tariffs Imposed By Both: Beijing

The Chinese commerce ministry said on Thursday that the tariffs imposed by both the countries during their months-long trade war would be lifted in a phased manner and an agreement
Published on November 7, 2019
By Debdutta Ghosh

Fourth US bank goes bankrupt in 2019

The US authorities stopped the City National Bank of New Jersey, which became the fourth bank to be closed in the country since the beginning of this year, according to…
Published on November 7, 2019
By Iris Barker

Bolivia refuses to mine lithium jointly with Germany

The German ACI Systems and the Bolivian YLB were going to mine lithium together on Lake Uyuni in Bolivia. According to unofficial information, President of the country decided to abandon…
Published on November 5, 2019
By Iris Barker

Central Bank of China lowers key rate for the first time since 2015

On Tuesday, the People’s Bank of China lowered its key interest rate, which should help reduce the cost of financing amid a slowdown in economic growth.
Published on November 5, 2019
By Iris Barker

U.S.-China Trade Agreement Could Emerge Soon, Progress Made In High Level Talks

Negotiations on a trade deal between the United States and China are progressing well, said the two countries signaling light at the end of tunnel of a 16 month old
Published on November 4, 2019
By Debdutta Ghosh

US may reconsider tariffs on imported cars

The US presidential administration may completely abandon the increase in tariffs on imported cars, said the country's Minister of Commerce Wilbur Ross. According to him, there is a possibility that…
Published on November 4, 2019
By Iris Barker

Better Than Expected Growth In China’s Manufacturing Activity For October, Shows A Private Survey

Despite the general slowdown in China’s economy, the country’s October factory activity had grown at the fastest rate since February of 2017, showed a private survey in the country. According
Published on November 1, 2019
By Debdutta Ghosh

Fall In Global Output Of Wine Following Bumper Production In 2018

A leading international body in the wine industry has said that there has been about a 10 per cent drop in wine production across the globe in the current year
Published on October 31, 2019
By Debdutta Ghosh

US & China Will Declare New Place For Trade Deal Signing, Says Trump

A new venue where the United States President Donald Trump and Chinese President Xi Jinping will sing the so called ‘phase one’ of the trade deal between the two countries
Published on October 31, 2019
By Debdutta Ghosh

Offshore Wind Energy Market Could Value ‘$1-Trillion’ In The Near Future

IEA reports that offshore wind turbines have the capacity to help the world in reaching sustainable energy targets by reducing cost and CO2 emissions.
Published on October 30, 2019
By Debaleena Bhattacharjee

Foreign Investments Curbs To Be Eased By China, No More Forced Tech Transfers

All those restrictions that were not included in its self-styled “negative lists” on foreign investments would be lifted by China, said the vice-commerce minister of the country. Beijing will also
Published on October 30, 2019
By Debdutta Ghosh

Louis Vuitton ponders buying Tiffany

French group LVMH took interest in the American jewelry company Tiffany, and is already negotiating with its owners, according to sources from Bloomberg and FT. Although the parties have not…
Published on October 28, 2019
By Iris Barker

IMF is getting ready to turn global finances green

The share of risks associated with climate change for economies continues to grow, raising the green agenda to the level of financial regulators and the International Monetary Fund (IMF). The…
Published on October 25, 2019
By Iris Barker

Global M&As Expected To Rise In 2020 As Firms Restructure Supply Chains After US-China Trade War

The trade war between the United States and China will force a change in the global supply chains which will result in an increase in mergers and acquisitions in the
Published on October 25, 2019
By Debdutta Ghosh

Majority Of EU Coal Plants Are Loss Making, Says A Carbon Tracker Report

Carbon Tracker, a think-tank that is focused on examining the impact of climate change on financial markets, has claimed that no profits are made by at least four-fifths of coal-fired
Published on October 25, 2019
By Debdutta Ghosh

South Korean GDP growth in Q3 slows more than expected

South Korean economic growth in the III quarter slowed more than expected, according to preliminary data from the Bank of Korea.
Published on October 24, 2019
By Iris Barker

Investors in Telegram refuse to claim money back, decide to wait until April

Investors of both rounds of financing the TON project, by a majority vote, refused to demand a return on the money invested in the project and agreed to wait until…
Published on October 24, 2019
By Iris Barker

US-China Trade War: Job Cuts Being Done By Some US Electronics Factories

A number of electronics factories in the United States are now facing the heat of the US-China trade war. According to a survey conducted by an industry body, a number
Published on October 23, 2019
By Debdutta Ghosh

Experts assessed US senator Warren’s threats to ban shale oil production

Experts assessed potential consequences of the ban on allocation of new plots of federal land in the United States for the extraction of fossil fuels, as well as the ban…
Published on October 23, 2019
By Iris Barker

Corporate Cash Spending Drops Sharpest By In A Decade

According to a new report from analysts at Goldman Sachs, there has been a slump in investment and spending by corporate America at the fastest rate in a decade because
Published on October 22, 2019
By Debdutta Ghosh

Ecuador restores oil production volume after protests

The Ecuadorian Ministry of Energy announced restoration of oil production in the country after a number of fields in the Amazon, previously blocked by protesting Indians, returned to normal operation.
Published on October 22, 2019
By Iris Barker

China Asks Permission Form WTO To Impose $2.4 Billion In Tariffs Against US

China has appealed to the World Trade Organization (WTO) to seek an approval to impose tariffs on $2.4 billion on United States imports into the country in retaliation for Washington
Published on October 21, 2019
By Debdutta Ghosh

Brexit Deal Decision Voted To Be Delayed By UK Parliament

The deal for the exit of the United Kingdom form the European Union as agreed between the Prime Minister Boris Johnson and the EU leaders in Brussels last week was
Published on October 20, 2019
By Debdutta Ghosh

Economies Around The World Feeling The Pinch Of Trump’s Trade War

It is not only China that is feeling the pinch of its trade war with the United States but and the collateral damage is being felt in many other parts
Published on October 20, 2019
By Debdutta Ghosh

“Cash is undeniably the most reliable means of payment in all circumstances.” Interview with Thomas Savare, Managing Director of Oberthur Fiduciaire

According to a September 2018 study, cybercrime will have generated 1.5 trillion dollars in 2018 and all figures are on the rise. In this context, what is the role of
Published on October 20, 2019
By A A

Record Low For China’s GDP Growth For Second Quarter Due To Trade War With US

The growth of gross domestic product (GDP) of China for the second quarter of 2019 touched record lows at 6.2 per cent primarily because of the impact of the trade
Published on October 18, 2019
By Debdutta Ghosh

US Not To Compromise On Trade Interests Despite ‘Special Relationship’ With UK

The former United States trade chief, Michael Froman, has said that despite the “special relationship” that the United Kingdom has with the US, London should not expect that any favorable
Published on October 17, 2019
By Debdutta Ghosh

Libra Will Have 100 Members Before Its Launch: Facebook Executive

Facebook expects that about 100 banks and financial firms will join its digital currency project Libra as soon as the social media platform is able to adhere to all of
Published on October 17, 2019
By Debdutta Ghosh

Copper prices keep falling after news from Chile

Copper is getting cheaper due to news from Chile: Antofagasta, one of the largest in the world, managed to prevent a strike of workers at the copper deposits demanding better…
Published on October 16, 2019
By Iris Barker

Bloomberg economists assessed likelihood of US recession in 2020

Bloomberg experts published a report assessing the likelihood of a recession in the US economy in 2020. Although some indicators aroused concern among analysts, in general, the situation, in their…
Published on October 15, 2019
By Iris Barker

WTO Formally Allows US To Tariff EU Good Over The Airbus Subsidy Case

A formal authorization as given on Monday to the United States by the World Trade Organization (WTO) allowing Washington to impose import tariffs on products imported into the US from
Published on October 14, 2019
By Debdutta Ghosh

Phase 1 Of A US-China Trade Deal Outlined By Trump, Suspends New US Tariffs

The first phase of a trade deal with China was outlined by the United States President Donald Trump on Friday which is being seen as the first concrete steps taken
Published on October 12, 2019
By Debdutta Ghosh

China Offers A Partial Trade Deal To The US: Chinese State Media

China wants to offer the United States a “partial” trade deal and that it would be beneficial for both Beijing and Washington, said a Chinese state newspaper on Friday. It
Published on October 11, 2019
By Debdutta Ghosh

Signals Of Further Harsh Action On US Tech Being Given By EU Antitrust Chief

An interim order is expected to be imposed by European Union antitrust agency Margrethe Vestager against chipmaker Broadcom later this month with the aim of forcing the tech giant to
Published on October 11, 2019
By Debdutta Ghosh

Did US Fed just announced QE4?

The Federal Reserve factually announced the launch of QE4, although it is still trying to name the operations to increase the balance somehow differently.
Published on October 9, 2019
By Iris Barker

SoftBank losses from investments in Uber and WeWork may exceed $ 5 bln

A sharp drop in Uber shares and the abolition of WeWork’s IPO could cost the investment structure of the Japanese SoftBank, the Vision Fund, more than $ 5 billion.
Published on October 8, 2019
By Iris Barker

US increased imports from Mexico amid falling shipments from China

US imports from China in August fell 12.5% year on year. At the same time, purchases from Mexico - the second largest supplier of goods to the United States -…
Published on October 7, 2019
By Iris Barker

Analysts Slash Carbon Permit Price Forecast For Q4

Uncertain Brexit scenario cast a shadow on analysts forecast, while the needs for UK’s compliance “with 2019 ETS emissions” will remain unclear in case of further four months Brexit extension.
Published on October 5, 2019
By Debaleena Bhattacharjee

S&P fears new debt crisis

Rating agency Standard & Poor`s recorded a negative trend in the corporate sector: companies have reduced revenue. At the same time, the debt burden is growing. The agency analysts believe…
Published on October 2, 2019
By Iris Barker

IPO, M&A markets sink down in Q3

The global equity market in the first three quarters fell by 18% amid concerns over global economic growth prospects and ongoing geopolitical problems, including the US-China trade war. The Asian…
Published on October 1, 2019
By Iris Barker

Beijing And Washington Should Find ‘Calm And Rational’ Resolution To Trade War: China

Chinese Vice Commerce Minister Wang Shouwen said that his country is hopeful that both Beijing and Washington will find a solution to the trade dispute between the two countries “with
Published on September 30, 2019
By Debdutta Ghosh