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A spokesman for American Proctor&Gamble, one of the leaders in the global consumer goods market, told Reuters that the company was exempted from 25 percent duties imposed by the United States on steel imports from Japan and Sweden. Proctor&Gamble uses steel from these countries to manufacture Gillette and Venus razor blades. Earlier, the company said that the US did not produce high-quality steel grades required for the blades, so it asked to exempt it from duties on imported more expensive steel. At the end of the fiscal year ended July 31, 10% of global sales of Proctor&Gamble accounts for the body care business, the main components of which are Gillette and Venus.
The investors of flag carrier Norwegian Air (NWC.OL) backed its rescue plan with more than 95% of shareholders voted in favor of the conversion of nearly $1 billion debt-for-equity swap in Oslo on Monday. However, pilots and flight attendants ...
Tesla posted its one of the largest one-day gains, up by 20% on Monday trade after getting a lift from Panasonic’s quarterly profit report. The appointment of Elon Musk as the Chief Executive Officer made significant changes in the company’s ...
China is set to trim down import tariffs on some goods including frozen pork, avocado, and semiconductors beginning January 1, 2020, according to the finance ministry as China bids to beef up imports amid slow economic growth and a trade dispute ...
China to remove duties from U.S. pork and soybeans China will remove duties from some U.S. exports like pork and soybeans, according to China’s finance ministry on Friday after it cited decisions made by the country’s cabinet. The ...
Washington retracts duties from various Indonesian products The United States has removed tariffs from various Indonesian products under a privileged trade facility. This is a part of the ongoing trade negotiations between the two countries, ...
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