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New Zealand Faces Economic Recession Amid Calls For Aggressive Policy Measures 12/19/2024

US Fed's Rate Cuts: Economic Uncertainty And Inflation Drive New Policy Stance 12/19/2024

U.S. Economy Shows Resilience Amid Changing Labor Market Dynamics And Consumer Trends 12/20/2024

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Rejected Bitcoin-Based ETF Application To Be Reviewed By SEC

A failure to convince the SEC of assured fraud free product resulted in an application rejection while the decision is under review. The “U.S. Securities and Exchange Commission” had informed that it is going to re-assess a decision that was taken by its staff of blocking the market entry of “nine...

Nippon Steel’s Attempts To Become ‘An Insider’ Of Promising Indian Market

In a joint bid, Nippon Steel aims to secure Essar Steel under its wings, while legal issues introduce delay. Nippon Steel and Sumitomo Metal Corp are the leading steel manufacturers of Japan, who consider India as the “most promising market” space, whereby they intends on becoming “an insider” for...

Russian Tax Bar Talks On Windfall Profits Unites Government & Corporate Sectors

Russian leading corporate executives hold talks with the government on windfall profit tax hike. Last Friday, the executives of leading chemical and metal manufacturers of Russia gathered in the headquarters of “a business lobbying group” in Moscow. The meeting’s agenda was to hold conversations...

Mexico And U.S. Close To Locking NAFTA Deal

Mexican Economy Minister Ildefonso Guajardo said that bilateral differences with the United States on the North American Free Trade Agreement (NAFTA) are set to be eliminated as talks continue between the trade representative of the two countries. There was anticipation about the...

China Will Respond 'Resolutely' To US In Trade War: Chinese Minister

China’s finance minister has said that his country would continue to retaliate against the US if the Trump administration decides to impose more tariffs on Chinese imports. In an interview with the new agency Reuters, the minister said China would respond "resolutely" to the "unreasonable"...

Growing online presence in China is propelling activities in other markets

The number of Internet users in China exceeded 800 million, which is more than in the United States, Japan and Russia combined. Analysts say that the rapid growth of Internet popularity in China is stimulated not only by the online sales of goods and media content, but also by related industries,...

Germany: Europe will create its own SWIFT

Europe is creating an independent payment systems and "systems more independent from SWIFT," said Foreign Minister of Germany Heiko Maas, opening a conference of ambassadors in the Foreign Ministry in Berlin. "Washington's sanctions policy forces us to seek a European response. Sudden adoption of...

No Breakthrough In U.S.-China Trade Talks Even As New Tariffs Are Imposed

The talks on trade between the US and China did not yield any results even as the trade war escalated with each country implementing new tariffs on each other’s goods worth $16 billion. “We concluded two days of discussions with counterparts from China and exchanged views on how to achieve...

Aramco IPO Postponement Reflects Saudi Modernisation Drive

The face of Saudi Arabia changed for ever on 3 March 1938 when oil was found at Dharam. Earlier, the country was largely nomadic with a small tourism industry because of pilgrimages to Mecca. The full scale of the oil reserves in the country took some time to become known. But things...

US and China impose reciprocal duties for another $ 16 billion

The US and China introduced preliminarily announced new restrictions on mutual trade, raising duties on supplies totaling $ 32 billion. Now Washington is preparing a new list of restrictions for $ 200 billion. In the event of such a scenario, Beijing promises to impose US imports by another $ 60...