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Analysts at Wells Fargo believe that the world's second-largest jewelry retailer Tiffany will benefit from China's trade policy. Fees for the import of 18 types of jewelry, transferred to the category of consumer goods for daily use, were reduced by an average of 68% from July 1 this year. Wells Fargo estimates that the reduction of import duties on jewelry from precious metals and precious stones will add from 10 cents to 50 cents to the profit per share of the US company due to an increase in margins or sales volumes. According to a survey conducted by CNBC, almost two-thirds of US companies expect that US trade policy will negatively affect their business in the next 6 months.
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 ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
KYC Policy