Argentina and China are aiming to close a deal within days for the construction of the South American nation’s fourth nuclear power plant, a multi-billion dollar project that would cement Beijing’s deepening influence in a key regional U.S. ally. Argentina hopes to announce an agreement on the Chinese-financed construction of ... Read More »
As the trade war continues to rumble on between the U.S. and China, businesses will have to decide on which side they choose to align themselves, according to Mikkel Hippe Brun, co-founder of commerce platform, Tradeshift. Speaking at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China, ... Read More »
“We will have a politically chaotic situation” without a deal, finance minister Philip Hammond said. Brexit could leave the U.K. worse off than if voters had chosen to remain in the European Union, the country’s finance minister admitted Wednesday amid deepening political chaos over the process. Splitting from the trading ... Read More »
He’s been accused by prosecutors of under-reporting $44.6 million of personal income. Nissan Motor Co. fired Carlos Ghosn as chairman Thursday in a dramatic end to the powerful executive’s nearly two decade long reign at the Japanese automaker after his arrest for alleged financial improprieties. In an hours-long meeting, the ... Read More »
Oil bounced by around $1 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports. But investors remained on edge, with the International Energy Agency (IEA) warning ... Read More »
Relations sour despite Donald Trump and Xi Jinping expressing optimism about resolving trade war The unprecedented failure to agree on a communique at a major Asia-Pacific summit resulted from certain countries “excusing” protectionism, a major Chinese diplomat has said, in an apparently veiled criticism of the United States. After months ... Read More »
Japan’s resurgent nuclear industry will miss a government target of providing at least a fifth of the country’s electricity by 2030, a Reuters analysis shows. With eight reactors running and one more set to come online in November, nuclear has this year overtaken non-hydro renewables in power output for the ... Read More »
President Xi tells foreign investors he will tighten laws to protect their intellectual property rights China’s president Xi Jinping has issued a veiled criticism of Donald Trump during the opening of a major trade fair in Shanghai, saying China will reduce tariffs and “open up its market to the world”. ... Read More »
Strain begins to show amid a wider slowdown in the world’s second biggest economy The Chinese economy has revealed fresh signs of the pressure of a trade war with the US and a wider slowdown at home as manufacturing activity fell and the yuan was fixed at a new 10-year ... Read More »
The European Commission rejected Italy’s draft 2019 budget on Tuesday, saying it brazenly broke EU rules on public spending, and asked Rome to submit a new one within three weeks or face disciplinary action. Italian bond yields jumped on the unprecedented move by the EU executive which was exerting for ... Read More »
Lebanese Ministry of Information