A woman walks past a money exchange shop decorated with pictures of different countries’ currency banknotes at a business district in Hong Kong on Tuesday. Associated Press
Trade talks between the US and China broke up on Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports.
The trade spat has turned into a war of words since President Donald Trump blacklisted Huawei last week over concerns the telecom giant's equipment could be used by Beijing for espionage.
Nearly all the respondents to the quarterly survey from the National Association for Business Economics predicted growth would slow in 2019 but were moderately less gloomy about the risks to their outlook.
Bestbond, a Chinese apartment rental company, had been planning on a Nasdaq flotation in one to two years but as US-China trade tensions racheted higher, the Hong Kong stock exchange emerged as a possible candidate. Now, it’s firmly on the table.
The automobile industry in India is the world’s fourth largest. India was the world’s fourth largest manufacturer of cars and seventh largest manufacturer of commercial vehicles in 2019.
Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from the Saudi Arabian Monetary Authority’s foreign exchange (forex) reserves to the Kingdom’s Public Investment Fund in March and April.
The Sharjah Chamber of Commerce & Industry (SCCI), and Sharjah Islamic Bank (SIB) recently held a virtual joint meeting to discuss the latest developments of the impact of the new coronavirus (COVID-19) on the economy and explore avenues of the mutual cooperation to stimulate businessmen.