Monday, September 21, 2015

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No-deal Brexit 'disastrous' for food firms

By Business Desk

A free trade deal with the EU after Brexit is "crucial" for the UK food and drink industry and

EU, Mexico reach agreement on free trade deal

The EU and Mexico said Saturday they had reached an "agreement in principle" to modernise an existing free trade

World Bank shareholders back $13b capital increase

The World Bank's shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China's shareholding but

China welcomes US to trade deal discuss

 China on Sunday said it welcomed plans by top US officials to visit the country to discuss trade and

Japan may soften trade stance as US keeps up pressure

 Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is

GSMA puts new technology on hold in wake of US probe

A telecommunications standards organization - GSMA - said on Saturday it is delaying implementation of a new cellphone technology

Bolivia to invest in billion-dollar lithium deal

Bolivia will manufacture and market lithium batteries along with German company ACI Systems GmbH, which will invest $1.3 billion

US sanctions on Vekselberg have $1.5-$2b assets frozen

Assets totaling between $1.5 billion and $2 billion have been frozen as a result of sanctions imposed on Russian

EU, Singapore closer to signing FTA

By Business Desk

In the first step towards signing and concluding the European Union-Singapore Free Trade Agreement (EUSFTA), the European Commission has

Trade tensions set for brighter US corporate spotlight

The potential for an intensifying trade dispute to undercut the US stock market could become clearer next week when

Fed policymakers say not to worry

As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation

China to impose anti-dumping duty on US, EU, S'pore rubber

By Business Desk

China will impose temporary anti-dumping measures on a certain type of synthetic rubber imported from the United States, the

Trump's next $100b tariff dilemma

US consumers may be about to directly feel the effects of the trade fight started by US President Trump

Pound slides as UK rate hike prospect dims

The pound fell on Friday after Bank of England Governor Mark Carney shook the market's confidence in an early

Apple offers battery replacement

Apple Inc on Friday said component failure in a limited number of MacBook Pros has caused built-in battery to

Venezuela's collapse one of the worst in modern history: IMF

Venezuela's economic collapse ranks as one of the worst in modern history, an International Monetary Fund official said on

Asian oil demand to hit record, industry can't take eyes off Middle East

Asian oil demand will hit a record in April just as global crude values are lifted to levels not

Facebook to roll out political ad in time for German vote

Facebook said on Friday it would roll out a new feature designed to make political advertising more transparent in

Russia hints producers could ease up on oil output curbs countering Saudi view

OPEC and non-OPEC oil producers could begin easing up on output curbs before the end of the year, Russian

Oil stocks face crucial earnings test

Formerly skeptical investors are buying back into oil majors in the hope that upcoming results will mark a turning

AMP CEO resigns amid deepening banking scandal

The CEO of Australian finance company AMP resigned suddenly on Friday after revelations of widespread abuses by the firm,

China urges tighter corporate compliance after ZTE woes

A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government

Asian markets fall in line with Wall Street

Asian markets mostly fell Friday as investors struggled to maintain the previous day's positive momentum following losses on Wall

Japan Takeda eyes Shire takeover after rival drops bid

Shares in Japanese drug maker Takeda dropped Friday after a potential rival in its bid to take over Ireland's

Sri Lanka slaps new tax on gold to curb imports

Sri Lanka on Wednesday slapped a 15 percent tax on gold to curb surging imports that have impacted the

'Global economy sprinting ahead but trade war could end the race'

The global economy will race further ahead this year, expanding at its fastest pace since 2010, but trade protectionism

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