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Mexico objects to labor enforcement provision in North American trade deal

December 15, 2019 by cbn Leave a Comment

Mexico objects to labor enforcement provision in North American trade deal

Mexico’s deputy foreign minister, Jesus Seade, said on Saturday he sent a letter to the top U.S. trade official expressing surprise and concern over a labor enforcement provision proposed by a U.S. congressional committee in the new North American trade deal.

Filed Under: Financial Planning

China to target around 6% growth in 2020, step up state spending – sources

December 14, 2019 by cbn Leave a Comment

China to target around 6% growth in 2020, step up state spending – sources

China plans to set a lower economic growth target of around 6% in 2020 from this year’s 6-6.5%, relying on increased state infrastructure spending to ward off a sharper slowdown, policy sources said.

Filed Under: Financial Planning

U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases

December 14, 2019 by cbn Leave a Comment

U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases

The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods.

Filed Under: Financial Planning

U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases

December 14, 2019 by cbn Leave a Comment

U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases

The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods.

Filed Under: Financial Planning

Shares and sterling soar as trade and Brexit fog lifts

December 13, 2019 by cbn Leave a Comment

Shares and sterling soar as trade and Brexit fog lifts

Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain’s Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon.

Filed Under: Financial Planning

Exclusive: Haier Smart Home plans Hong Kong listing to take $7.7 billion unit private: sources

December 12, 2019 by cbn Leave a Comment

Exclusive: Haier Smart Home plans Hong Kong listing to take $7.7 billion unit private: sources

Haier, the world’s biggest maker of household appliances, is planning a major restructuring that will see its main unit Haier Smart Home list in Hong Kong to take another group company valued at $7.7 billion private, two people with direct knowledge of the matter said.

Filed Under: Financial Planning

Oil prices rise on OPEC deficit forecast

December 12, 2019 by cbn Leave a Comment

Oil prices rise on OPEC deficit forecast

Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year.

Filed Under: Financial Planning

Porsche’s electric Taycan draws interest from 30,000 buyers – Handelsblatt

December 11, 2019 by cbn Leave a Comment

Porsche’s electric Taycan draws interest from 30,000 buyers – Handelsblatt

Porsche has taken down payments from 30,000 customers in Europe for its Taycan, the luxury car maker’s first fully electric model, CEO Oliver Blume told Germany’s Handelsblatt newspaper.

Filed Under: Financial Planning

Britain’s Just Eat rejects raised offer from Prosus

December 10, 2019 by cbn Leave a Comment

Britain’s Just Eat rejects raised offer from Prosus

Just Eat rejected a raised takeover offer from Dutch-based technology group Prosus on Tuesday because it significantly undervalued the company and said it continued to back a rival all-share offer from Takeaway.com.

Filed Under: Financial Planning

Britain’s Just Eat rejects raised offer from Prosus

December 10, 2019 by cbn Leave a Comment

Britain’s Just Eat rejects raised offer from Prosus

Just Eat rejected a raised takeover offer from Dutch-based technology group Prosus on Tuesday because it significantly undervalued the company and said it continued to back a rival all-share offer from Takeaway.com.

Filed Under: Financial Planning

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