Business News

• IMF fears trade war and weak Europe could trigger sharp global slowdown January 21, 2019
  The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.
• France, Germany step up pressure over Alstom-Siemens deal January 21, 2019
  France and Germany raised pressure on the European Union's competition chief to approve the merger of Alstom and Siemens' rail businesses, warning that thwarting the proposed European champion would be a strategic error.
• Amid 'yellow vest' rebellion, Macron woos business leaders January 21, 2019
  President Emmanuel Macron will tell dozens of the world's most powerful executives on Tuesday that he remains committed to reforming the French economy, reassuring investors as a sometimes-violent popular revolt challenges his authority.
• Lockheed sees potential exports of 200 F-16 jets from proposed Indian plant January 21, 2019
  Lockheed Martin sees a potential export market of more than $20 billion for its F-16 fighter aircraft from an assembly line in India it has offered to set up in order to win a large Indian military order, a top executive said.
• Sparkling Australian wine exports lose their fizz as Chinese economy slows January 21, 2019
  Australian wine shipments to China grew at their slowest pace in four years in 2018, industry data showed on Tuesday, in another indication that Sino-U.S. trade tensions were dragging on consumer spending in the world's second-largest economy.
• China's Huawei in unprecedented media blitz as it battles heightened scrutiny January 21, 2019
  China's Huawei has launched an unprecedented public relations blitz, thrusting its low-key founder in front of international media as the telecoms firm seeks to ease concern among Western nations bent on shutting it out of their markets.
• Oil edges down as slowing China economy undermines markets January 21, 2019
  Oil prices edged lower on Monday, echoing a weaker tone on global stock markets after evidence that economic growth in China, the world's second-largest crude consumer, eased in 2018.
• Global stock markets falter after China data, Brexit Plan B awaited January 21, 2019
  European shares fell on Monday from recent six-week highs as a global equity rally stalled after data confirmed a slowdown in China's economy and investors awaited for Britain's next steps to break the deadlock over Brexit.
• Global FDI skids 19 percent on Trump tax reform, may rebound in 2019 - U.N. January 21, 2019
  Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump's tax reforms, the United Nations trade and development agency UNCTAD said on Monday.
• Xi keeps China on high alert for 'black swan' events: Xinhua January 21, 2019
  China must be on guard against "black swan" risks while fending off "gray rhino" events, President Xi Jinping said on Monday, adding that the economy faces deep and complicated changes, state news agency Xinhua reported.