Latest News
Allison Transmission expands global presence
By Art Benavidez | Mar 7, 2022
Allison Transmission has secured contracts worldwide amid an accelerated growth in the global defense market.
US releases report on China’s WTO compliance: China's economic embrace 'has harmed US companies, workers'
By Trina Thomas | Mar 5, 2022
The Office of the United States Trade Representative is pointing fingers at China for negatively affecting global workers and organizations with its trade policies.
Asia Trade Week set for March 'despite continued tensions' between US, China
By Trina Thomas | Feb 23, 2022
The United States-China Chamber of Commerce (USCCC) plans to celebrate Asia Trade Week with in-person and virtual events over four days.
Despite 'tensions' US-China Trade Conference set for May in Chicago
By George Willis | Feb 22, 2022
The 21st annual U.S.-China Trade Conference is scheduled for May 12-13 in Chicago.
'Record results': AGCO reports billions in net global sales
By George Willis | Feb 21, 2022
AGCO, a company that designs, manufactures, and distributes agricultural solutions, recently reported its net global sales of approximately $3.2 billion for the fourth quarter of 2021.
Thrasio acquires Lifelong, plans to advance 'make in India' movement
By Karla Florez | Feb 4, 2022
Thrasio Holdings, Inc., a global consumer goods company, recently announced the acquisition of Lifelong Online, a leading Indian online consumer brand.
IMF concludes consultation with Pakistan
By Press Release | Feb 3, 2022
The Executive Board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation [1] (press release to follow) and the sixth review of the extended arrangement under the Extended Fund Facility (EFF) for Pakistan.
QED Investors hires 'incredibly connected' Ajayi to oversee operations in Africa
By Bob Martin | Feb 2, 2022
Global venture capital firm QED Investors recently announced the hiring of Gbenga Ajayi as a partner.
GDP increased in fourth quarter of 2021
By Press Release | Jan 27, 2022
Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.3 percent.
Consultation between France, IMF completed
By Press Release | Jan 27, 2022
The International Monetary Fund has issued the following press release:Washington, DC: On January 19, 2022 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with France.France was among the most affected European countries from the COVID crisis.
IMF concludes Indonesia mission
By Press Release | Jan 26, 2022
An International Monetary Fund (IMF) team led by Ms. Cheng Hoon Lim conducted virtual discussions on the Indonesian economy for the 2022 Article IV Consultation from January 4 to 24, 2022.
TechnipFMC to 'delist' shares from Euronext Paris
By Ariana Chiarenza | Jan 22, 2022
Houston-based technology provider TechnipFMC plc announced Jan. 10 plans to voluntarily delist its shares from Euronext Paris in the Netherlands.
'Uniquely positioned for major growth this year,' Florida-based ReliaQuest opens new office in India
By Timothy Stuckey | Jan 13, 2022
ReliaQuest recently established a new office in Pune, Maharashtra, India, to continue expanding its role as a tech security leader in Open XDR (extended detection and response) as a service.
$395.9 million arrangement reached between IMF, Nepal
By Press Release | Jan 13, 2022
On Jan. 12, the Executive Board of the International Monetary Fund (IMF) approved a 38-month arrangement under the Extended Credit Facility (ECF) for Nepal in an amount equivalent to SDR 282.42 million (180 percent of quota or about US$395.9million).
U.S. becomes top exporter of LNG: 'seven-fold increase'
By Laurie A. Luebbert | Jan 7, 2022
Thanks to strong European demand, the United States has emerged as the world’s leading exporter of liquefied natural gas, worldoil.com recently said.
S&P Global and IHS Markit to 'drive growth' with sale of chemicals, CUSIP business
By Emily Bevard | Jan 7, 2022
S&P Global announced Dec. 27, 2021, that it will sell its IHS Markit’s Base Chemicals business to News Corp and its CUSIP Global Services to FactSet Research Systems.
'We are excited': IRIS Software Group acquires AccountantsWorld
By Zachary Richter | Jan 5, 2022
A leading global software provider of accountancy, IRIS Software Group, has announced on Dec. 30 that they have acquired AccountantsWorld, a New York-based company providing cloud solutions for accountants.
Chinese companies on U.S. exchanges still waiting for Beijing's approval to trade
By Caleb Lombardo | Jan 4, 2022
After months of market confusion following China's announcement last summer that it would release new rules for domestic companies wanting to sell shares in international exchanges, Chinese regulators released a draft of the rules last month, according to published reports.
Report: China won't meet 2020 trade deal promises
By David Beasley | Jan 4, 2022
China will fall short of meeting its promise to buy an additional $200 million in U.S. products in 2020 and 2021, the New York Times reported.
Walmart feeling heat in China over compliance with new U.S. law
By David Hutton | Jan 3, 2022
With Congress passing legislation banning virtually all imports from Xinjiang amid human-rights and forced-labor issues, Walmart Inc. has come under fire on Chinese social media for discontinuing sale of items produced in the region, according to published reports.