Lockheed Martin sees a potential export market of more than $20 billion for its F-16 fighter aircraft from an assembly line in India it has offered to set up in order to win a large Indian military order, a top executive said.
Australian wine shipments to China grew at their slowest pace in four years in 2018, industry data showed on Tuesday, in another indication that Sino-U.S. trade tensions were dragging on consumer spending in the world’s second-largest economy.
The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.
China’s Huawei has launched an unprecedented public relations blitz, thrusting its low-key founder in front of international media as the telecoms firm seeks to ease concern among Western nations bent on shutting it out of their markets.
Oil prices edged lower on Monday, echoing a weaker tone on global stock markets after evidence that economic growth in China, the world’s second-largest crude consumer, eased in 2018.
European shares fell on Monday from recent six-week highs as a global equity rally stalled after data confirmed a slowdown in China’s economy and investors awaited for Britain’s next steps to break the deadlock over Brexit.
Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump’s tax reforms, the United Nations trade and development agency UNCTAD said on Monday.
Germany’s Economy Minister Peter Altmaier said on Monday that he was in favor of a planned train merger between Siemens and Alstom and would do its utmost to support it.
China must maintain its high alert to “black swan” events while “gray rhino” events must be fended off, the country’s President Xi Jinping said on Monday, adding that the economy faces deep and complicated changes, the official Xinhua News Agency reported.
Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018.
Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.
World stock markets kept their nerve on Monday, as data showed the Chinese economy slowed last year, underlining the need for more stimulus from Beijing.
Casino has agreed to sell 26 stores worth 501 million euros ($567 million) to Fortress Investment Group, the French supermarket retailer said on Monday, fulfilling an assets sale target set out last year as part of plans to reduce its debt.
The European Commission would make an “economic error and political mistake” if it were to block the merger of Alstom’s and Siemens’ rail businesses, said French Finance Minister Bruno Le Maire, shortly before meeting the EU’s competition chief.
People around the world place much more trust in their companies than their political leaders, according to a major survey that suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos.
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