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Business

Aug 19, 2019, 05.42 AM IST
The Economic Times
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Stock Analysis, IPO, Mutual Funds, Bonds & More
How Asia can protect its crazy riches

The desire to invest overseas partly reflects concern about political risk and governance at home.

Signs of recession worry Trump ahead of 2020

The financial markets signalled the possibility of a US recession this week.

General Electric engaged in 'bigger fraud than Enron': Whistleblower

Investigator Harry Markopolos accused GE of using many tricks like Enron did to mislead the investors.

Cathay Pacific Airways chief’s resignation shows China’s power over Hong Kong unrest

The resignation is a sign that China appears willing to put pressure on Hong Kong’s highest-profile businesses to show how serious it is about quelling the unrest.

U.S. set to give Huawei another 90 days to buy from American suppliers: Sources

U.S. President Donald Trump and Chinese President Xi Jinping are expected to discuss Huawei in a call this weekend, one of the sources said.

General Electric a bigger fraud than Enron, alleges report

Harry Markopolos said in a report released on Thursday (local time) that GE was hiding nearly 40 billion dollars of losses in its insurance business.

Cathay Pacific Airways CEO Rupert Hogg resigns as Chinese scrutiny mounts

Cathay Pacific, which has already terminated two pilots for engaging in illegal protests at the behest of the Chinese aviation regulator, named Augustus Tang as its new CEO.

Trump says China talks 'productive'; Beijing vows tariff retaliation

"September, the meeting is still on as I understand it, but I think more importantly than September, we're talking by phone, and we're having very productive talks," Trump said.

Hong Kong unveils $2.4 billion economic support package as protests weigh

Financial Secretary Chan said the measures include subsidies for the underprivileged and business enterprises.

WTO quarterly trade growth indicator drops from May

It showed growth in global goods trade likely to weaken, with a reading of 95.7. In its previous quarterly report in May, the WTO said that growth was likely to remain weak, with a reading of 96.3.

China threatens retaliation if US tariff hikes go ahead

China threatens retaliation if US tariff hikes go ahead

Beijing will take unspecified "necessary countermeasures," the Cabinet said. It gave no details.

China's online army shows foreign brands who's in charge

China's online army shows foreign brands who's in charge

Beijing is increasingly finding itself under siege as President Donald Trump's trade war squeezes the world's second-largest economy.

Euro zone Q2 growth slows as Germany leads bloc's slowdown

Euro zone Q2 growth slows as Germany leads bloc's slowdown

The GDP flash estimates numbers, including year-on-year growth of 1.1% from the second quarter of 2019, were in line with economists' forecasts.

German economy shrinks amid trade concerns, auto woes

German economy shrinks amid trade concerns, auto woes

The German economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy.

China's industrial output hits 17-year low

China's industrial output hits 17-year low

The economic malaise makes it more difficult for President Xi Jinping to fight back forcefully against Washington in an ongoing trade war.

US delays tariffs on some Chinese goods, drops others

US delays tariffs on some Chinese goods, drops others

The Office of the US Trade Representative says it is still planning to go ahead with 10% tariffs on about $300 billion in Chinese imports September 1.

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