Hopes of avoidance of a full blown trade war with between China and the United States emerged after the end of a longer than expected trade talks between trade representatives of the two countries came to an end. The detailed results of the three day talks would be made public later, said officials. China’s Foreign…
Dragged down partly because of its own faulty strategies and partly because of social and economic factors, 2019 appears to be a tricky road for US tech giant Apple Inc. The economic slowdown in China was cited as the reasons for a shock profit warning and sale forecast which resulted in a significant drop in…
The first overseas factory of US electric car maker Tesla in Shanghai in China would be focused on manufacturing of Model 3 vehicles exclusively for the Chinese consumers, said the CEO of the company Elon Musk. Musk said this while on a trip to Shanghai to initiate construction of the factory which is being constructed…
Even as the Chinese government is pushing for increasing capabilities of its domestic companies to make manufacture chip and bring down its heavy dependence on import of chips – particularly form the United States, a new chipset for use in servers was launched by Chinese etch giant Huawei Technologies Co Ltd on Monday. In recent…
A block buster and record making merger has been announced by two of the biggest drug companies of the United States. Drug maker Celgene would be taken over by Bristol-Myers Squibb in a cash and stock deal including debt and the value of the deal as announced is worth about between $74bn and $90bn. The…
According to documents filed at the Dutch chamber of commerce, an arrangement that allows Google to reduce its foreign tax liability was used by the US tech company to move €19.9bn ($22.7bn) to Bermuda in 2017 through a Dutch shell company. The documents, filed on 21 December, showed that the amount of money that was…
According to information available from US authorities, three former employees of Swiss investment bank Credit Suisse have been arrested over charges of their role in in a $2bn fraud scheme wihch was linked to companies in Mozambique. While the men were arrested and them released on bail in London, US authorities have sought extradition of…
According to the US Artherton Research, US electric automaker Tesla Inc has for the first time sold more vehicles than BMW and Lexus in a quarter. Tesla has been able to end the year well despite legal and financial struggles and was well ahead of its rivals in the U.S. premium automotive market including names…
According to a spokesman from the People’s Bank of China, after the drop in China’s stock market the financial markets in China are safer. The Shanghai composite ended the year on Friday 25 per cent lower for the entire 2018 at 2,493.9 which marks that worst year for the index since 2008. After the index…
Britain’s trade minister Liam Fox has said that if the UK government rejects the European Union withdrawal deal next month, there is a 50-50 chance that Brexit may be stopped. “If we were not to vote for that, I’m not sure I would give it (Brexit) much more than 50-50,” Fox told the Sunday Times…
