Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand.
Walmart Inc , the world’s largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge told Reuters.
Walmart Inc , the world’s largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge told Reuters. The move underscores the struggles Walmart has faced in expanding its wholesale business in India. The Bentonville, Ark. based company currently operates 28 wholesale stores where it sells goods to small shopkeepers, and not to retail consumers. …read more […]
Walmart Inc, the world’s largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge told Reuters. The move underscores the struggles Walmart has faced in expanding its wholesale business in India. The Bentonville, Ark. based company currently operates 28 wholesale stores where it sells goods to small shopkeepers, and not to retail consumers. …read more […]
Jan.12 — Edmund Koh, president for Asia Pacific at UBS Group AG, talks about competition in the region, the economies and markets. He speaks on the sidelines of the bank’s Greater China Conference with Tom Mackenzie on “Bloomberg Markets: Asia.” …read more […]
Jan.12 — Thai Finance Minister Uttama Savanayana talks about the country’s currency and the economy. He speaks on the sidelines for the Asian Financial Forum in Hong Kong with David Ingles on “Bloomberg Markets: Asia.” …read more […]
The executive director of Human Rights Watch was denied entry to Hong Kong at the city’s airport on January 12, 2020. Kenneth Roth had been scheduled to hold a press conference in the city on January 15 to release the New York-based organisation’s “World Report 2020”. Human Rights Watch says this year’s annual report will focus on the Chinese government’s “assault” on the international human rights system. The report will instead be launched in New York on January 14. …read more […]
(Bloomberg) — India has more than 560 million internet users, all generating data by the terabyte. Soon they’ll have an unprecedented amount of control over their digital financial footprints, with the ability to decide what to share, with whom, and for how long.India’s top banks are getting ready to roll out a system that gives consumers access to a wide swath of their financial data and allows them to share it instantly. Backed by the Reserve Bank of India, it’s an ambitious approach that combines privacy protection with credit reporting: if it works, it could unlock the credit market for …read more […]
Asian shares rose to new 19-month highs on Monday ahead of the expected signing on a Phase 1 China-U.S. trade deal, although markets have yet to see the details of the agreement.
Jan.12 — Hong Kong Secretary for Commerce and Economic Development Edward Yau discusses the U.S.-China trade deal and Hong Kong’s economy. He speaks exclusively on “Bloomberg Markets: Asia” from the sidelines of the Asia Financial Forum in Hong Kong. …read more […]
Jan.12 — Martin Raiser, country director for China and Mongolia as well as director for Korea at the World Bank, talks about the challenges the Chinese economy faces. He speaks on the sidelines of the Asian Financial Forum in Hong Kong with David Ingles on “Bloomberg Markets: China Open.” …read more […]
Ford Motor Co’s China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year, Ford said in a statement. Ford has been trying to revive sales in China after its business began slumping in late 2017. …read more […]
Ford Motor Co’s China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles.
Jan.12 — After three years of tweets and tariffs, President Donald Trump has arrived at his China moment. With the signing Wednesday of a “phase one” deal that includes Chinese commitments to respect American intellectual property, not manipulate its currency, and a U.S. expectation for $200 billion in new purchases that should help reduce a yawning trade deficit and repair some of the damage suffered by farmers, Trump will deliver at least a partial agreement many skeptics doubted was ever possible. Bloomberg’s China correspondent and anchor has the story. …read more […]
(Bloomberg) — Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.The threat of an outright war has receded since Tehran fired missiles at U.S.-Iraqi bases last week in retaliation for Washington’s assassination of its top general. The situation in Iran remains volatile, however, amid protests against the government’s accidental downing of a commercial airliner. In Libya, warring factions have called a cease-fire in their nine-month conflict.Oil prices are now back where they were …read more […]
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