LONDON, Sept 22- Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. Primark, whose trendy clothes at rock-bottom prices have taken UK shoppers by storm, opened in Boston in 2015 and...
*Tax revenue loss from lower rates seen at $20.4 bln. PANAJI, India, Sept 20- India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low that has led to major job losses and fueled discontent in the countryside. Prime Minister Narendra Modi, under pressure to make good on a...
*Tax revenue loss from lower rates seen at $20.4 bln. PANAJI, India, Sept 20- India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low that has led to major job losses and fueled discontent in the countryside. Prime Minister Narendra Modi, under pressure to make good on a...
*Equity markets up more than 5%; tax revenue loss about $20.5 bln. PANAJI, India, Sept 20- India's government slashed corporate taxes on Friday, giving a surprise $20.5 billion break aimed at reviving private investment and lifting growth from a six-year low that has caused job losses and fueled discontent in the countryside. Finance Minister Nirmala Sitharaman...
Dentist Seunggun Lee was used to filling gaps in teeth. But when he spotted a gap in Korea's banking industry, it was too obvious to ignore.
The industry faces a squall of new pressures from trade tensions, the partial unwinding of globalisation and an anti-flying campaign from climate activists, notably in Europe. Airbus Chief Commercial Officer Christian Scherer voiced alarm about the prospect of a tit-for-tat tariff war between the United States and Europe after the World Trade...
LONDON, Sept 18- Airbus on Wednesday revised up forecasts for jetliner demand in the next 20 years led by growth in the new industrial hubs of Asia, while voicing alarm over rising protectionism. The European planemaker, revising an annual 20- year forecast that sheds light on economic trends across the globe, predicted the world's fleet would more than double to...
MANILA, Sept 13- Jollibee Foods Corp, the Philippine fast food specialist known for fried' Chickenjoy' and chopped hotdogs in sweet spaghetti sauce, is doubling down on expansion plans in the United States and China that are likely to include more M&A. It is also aiming to lift revenue in China to 30% of overall sales, while the Philippines would fall to 30%.
Bill Stoops of Dragon Capital says Vietnam has been a big beneficiary of the U.S.-China trade war so far. He also says the country is a potential strategic ally for the U.S.
Much discussion of the places benefiting from the trade war has focused on countries like Vietnam. But Mexico is also a likely winner.
BUENOS AIRES/ CHICAGO, Sept 11- Argentine soy farmers and crushers expect a boost in demand next year after the South American grains giant won long-sought approval from China to export soymeal to the world's biggest consumer of the livestock feed. Argentina, the top international supplier of soymeal, announced on Tuesday that China would allow imports for the...
SINGAPORE, Sept 10- The U.S. Grains Council has stepped up efforts to drum up demand for its ethanol exports across Asia, its officials said, after former top customer China imposed steep import tariffs on the fuel amid the Sino-U.S. trade war, shutting out sales. The Grains Council "is ramping up this year its commitment and presence in Asia market development for...
SINGAPORE, Sept 10- The U.S. Grains Council has stepped up efforts to drum up demand for its ethanol exports across Asia, its officials said, after former top customer China imposed steep import tariffs on the fuel amid the Sino-U.S. trade war, shutting out sales. The Grains Council "is ramping up this year its commitment and presence in Asia market development for...
North Korea says it's willing to resume nuclear diplomacy with the United States in late September.
The decoupling push is quite different than any U.S. efforts to get China to open up more of its economy. Instead, it focuses on reducing America's extremely heavy reliance on China for so much of its manufacturing needs, Jake Novak writes.
As tariffs rise, some Asian companies are returning home to produce their goods, or moving away from China where their factories were located.
SHENZHEN, China/ SHANGHAI, Sept 6- For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips and Honeywell with products made in its Chinese factories for the U.S. and other overseas markets. But then, the Taipei- headquartered firm became one of the many corporate casualties in the...
*Aim is to attract 100 foreign firms, mostly from China. *Thailand competing with Vietnam to lure companies. BANGKOK, Sept 5- Thailand is planning a "relocation package" of incentives to attract foreign companies looking to move production from China, officials said, seeking to compete with Vietnam to woo manufacturers looking to steer clear of the Sino-U.S. trade...
Argentina is on the index provider's watch list for possible reclassification from its current frontier status, with FTSE Russell scheduled to publish the decision on the move on Sept. 26. MSCI- which had only decided to lift Argentina to emerging markets in June last year- said that for now the current classification remained valid as only the American...
Leaving the European Union without a trade deal would cost Britain at least $16 billion in lost EU sales, and probably far more after accounting for indirect effects and other markets, a report by the U.N. trade agency UNCTAD said on Tuesday.
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