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economy

Saudi Aramco reaches deals to acquire major stake in Sabic
28 Mar 2019 The transaction is worth USD 69.1 billion but it is subjected to closing conditions and regulatory approvals.
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21 Mar 2019

economy

Federal Reserve keeps key interest unchanged; might maintains the rate throughout the year

The Fed has been lifting the interest rate since 2015 on continuous improving employment status.
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21 Mar 2019

economy

USA may keep tariffs on Chinese goods even after trade deal

It seems USA is more willing to roll back at least some of the 10% tariffs on $200 billion Chinese goods that took effect in September.
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15 Mar 2019

economy

UPDATE: China to implement VAT rate reduction by April

This is the second time the country cutting VAT rate for the manufacturing sector.
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06 Mar 2019

economy

China plans value-added tax rate reduction for 2019

Chinese top leaders revealed that the country is planning to ease financial pressure on companies in the manufacturing sectors.
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25 Feb 2019

economy

USA to extend trade truce deadline with China; delay raising tariffs

There have not been any details on how long the truce would be extended and the date of the summit between the two leaders.
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31 Jan 2019

economy

China manufacturing grew slightly in January but still in the contraction zone

Despite the uptick, the reading below 50 suggests a contraction in the manufacturing activities.
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03 Jan 2019

economy

China’s central bank introduced new support for small businesses

The new policy allows a commercial bank to reduce the reserve ratio requirement (RRR) if the loan to small businesses reaches certain amount.
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