No Picture
Trading Ideas

China will use trade war with U.S. to replace imports – state media

China is not afraid of “extreme measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and accelerate the development of high-tech products, state media said. The world’s two largest economies dove deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for U.S. President Donald Trump’s planned levies on $200 billion worth of Chinese goods. “To deal with the trade war, what China really should do is to focus on doing its own …read more […]

No Picture
Business News

Exclusive: Indian police scrutinize major law firm in PNB fraud probe after documents moved

India’s largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank from CAM’s premises in February, a lawyer representing the government and a police source told Reuters.

…read more […]