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A few days after the reduction of import duties by China, India reduced import duties for 3,142 goods from China and five other countries in the Asia-Pacific region, according to Business Standard. Both countries have lowered tariffs as part of their commitments to further liberalize trade, according to the Asia-Pacific Trade Agreement. The reduction in tariffs, which began on July 1, will improve India's trade not only with China, but also with South Korea, Sri Lanka, Bangladesh and Laos. China since July 1 reduced import duties on almost 1.5 thousand consumer products from cosmetics to household appliances.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
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