The man who implemented India’s biggest economic reforms of the 21st century has died. Arun Jaitley, who served as India’s finance minister for the last five years, passed away on Saturday in New Delhi. He was 66. Jaitley took charge as India’s top economic official in 2014, following Prime Minister Narendra Modi’s victory in an…… MORE
It’s hard to keep up with the tit-for-tat trade war between the United States and China. While trade negotiations are ongoing, Chinese President Xi Jinping and President Donald Trump have been imposing waves of new tariffs for more than a year now. No one is winning. Businesses, and therefore consumers, in both countries are feeling…… MORE
Koch Industries is unlike any other company. There is no other business so closely held by one family that is also so big and so diversified. David Koch, 79, who died Friday, and his brother Charles, 83, have owned the company since their father passed away in 1967. Koch Industries started under the name Wood…… MORE
Wells Fargo is paying the Navajo Nation $6.5 million to settle allegations the bank preyed on the Native American tribe by using shady sales tactics. The agreement puts to rest a 2017 lawsuit brought by the Navajo Nation that accused scandal-ridden Wells Fargo of “predatory” practices, including opening fake accounts and pressuring elderly citizens who…… MORE
China on Friday unveiled tariffs on another $75 billion worth of US goods, the latest escalation in the trade war between the two countries. The additional tariffs of 5% or 10% will be levied on 5,078 products, including soybeans, coffee, whiskey, seafood and crude oil. China’s Finance Ministry said the tariffs will roll out in…… MORE
Federal Reserve chairman Jerome Powell on Friday acknowledged that the economy has grown more turbulent in the three weeks since the Fed cut rates for the first time in a decade — but stopped short of giving any indication about what might be coming at the next rate-setting meeting in September. “We are carefully watching…… MORE
Hong Kong’s top airline can’t escape the city’s political crisis. The Hong Kong Confederation of Trade Unions, a major local labor organization, called on Cathay Pacific on Friday to “respect the freedom of speech of employees.” The remarks followed the firing of one of its affiliate union’s leaders, a flight attendant for the airline’s regional…… MORE
The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods. China will place additional tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry. The Ministry also…… MORE
Hasbro has cut a deal to buy the company that owns popular children’s cartoon Peppa Pig, expanding its push into entertainment with a bet on preschoolers. The US toymaker said Thursday that it had reached an agreement to buy eOne for $4 billion. The entertainment company, which trades on the London Stock Exchange, also owns…… MORE
Hong Kong’s subway operator says it will crack down on violence at its train stations. MTR’s announcement comes amid heavy criticism of the company from Chinese state media, which has accused it of helping participants of the city’s pro-democracy protests. The subway system has also been disrupted by demonstrations over the past several weeks. The…… MORE
