TRADE WARS - INDO DAILY

Apple accuses European Commission of 'political crap' over EUR13bn fine

Sep 01, 2016 (AFP)

Apple chief Tim Cook on Thursday slammed a European Commission ruling demanding the US tech behemoth pay Ireland EUR13 billion in back-taxes as "political crap"...

EU Chamber urges China to lift foreign investment curbs

Sep 01, 2016 (AFP)

A European lobby group in China on Thursday slammed the country's "unequal investment landscape" and called for it to drop wide-scale prohibitions on foreign in...

Obama to press China on steel at G20, Lew says

Aug 31, 2016 (AFP)

US President Barack Obama will call for broader fiscal stimulus from other economies and press Beijing to limit steel capacity during his final G20 summit this ...

Apple to fight record EU tax bill

Aug 31, 2016 (AFP)

Silicon Valley tech titan Apple will fight an EU demand for a record 13 billion euros in back taxes in Ireland, a move Washington warned could damage transatlan...

Canada to apply to join China-backed infrastructure bank

Aug 31, 2016 (AFP)

Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa's finance department said Wednesday, in a coup for Beijing after ...

Multi-billion Apple windfall puts Ireland in unusual bind

Aug 30, 2016 (AFP)

The European Commission's demand for Apple to pay Ireland some 13 billion euros in back taxes has put the country in the strange position of refusing the windfa...

Apple faces huge Irish tax payout in EU case

Aug 30, 2016 (AFP)

The European Union is expected to order Apple on Tuesday to pay billions of euros in back taxes in Ireland in one of its largest such cases after ruling that sw...

Chinese tycoon to buy US aluminium maker for $2.33 bn

Aug 30, 2016 (AFP)

A Chinese billionaire has agreed to acquire US aluminium maker Aleris Corporation for $2.33 billion including debt, one of his companies said, the latest overse...

Canada PM Trudeau to mount charm offensive in China: officials

Aug 26, 2016 (AFP)

Canadian Prime Minister Justin Trudeau will tour the Great Wall, shoot hoops with retired basketball star Yao Ming and meet with women entrepreneurs when he tra...

Iran interested in proposed Chinese-built canal in Nicaragua

Aug 24, 2016 (AFP)

Iranian firms want to participate in the construction of a massive canal across Nicaragua that a Chinese company has vowed to build, Iranian Foreign Minister Mo...

US watchdog clears ChemChina's Syngenta acquisition

Aug 22, 2016 (AFP)

A US national security regulator has approved a state-owned China National Chemical Corp.'s planned $43-billion (38 billion-euro) takeover of Swiss pesticide an...

Taiwan's Hon Hai gets Chinese green light for Sharp deal

Aug 12, 2016 (AFP)

Taiwanese tech giant Hon Hai said antitrust authorities in China had approved its takeover of ailing Japanese electronics maker Sharp, clearing the last obstacl...

Samsung buys US luxury home appliance maker Dacor

Aug 11, 2016 (AFP)

Samsung Electronics said Thursday it had acquired US luxury appliance maker Dacor, as part of its push towards a full production line of high-end, Internet-conn...

China's COSCO completes Piraeus port authority takeover

Aug 10, 2016 (AFP)

Chinese shipping giant COSCO on Wednesday said it had completed the acquisition of a majority stake in OLP, the company running the main Greek port of Piraeus. ...

Down but not out: fears ease over China's weaker yuan

Aug 10, 2016 (AFP)

A year ago on Thursday Chinese authorities stunned global markets by devaluing their yuan currency, raising fears the world's second-largest economy was worse o...

Montreal march kicks off World Social Forum

Aug 09, 2016 (AFP)

A festive march through downtown Montreal on Tuesday marked the official opening of the World Social Forum (WSF), which is being held for the first time in a G7...

Putin says 'painstaking work' needed to rebuild Russia-Turkey trade

Aug 09, 2016 (AFP)

Russian President Vladimir Putin said Tuesday that restoring trade ties with Turkey will take time and work, after his first meeting with counterpart Recep Tayy...

Taiwan exports end losing streak with surprise growth

Aug 08, 2016 (AFP)

Taiwan exports ended a 17-month losing streak boosted by demand for electronic parts as US tech giant Apple prepares to launch its new iPhone series, the govern...

Bitcoin not money, judge rules in victory for backers

Aug 06, 2016 (AFP)

Bitcoin, a Florida judge says, is not real money. Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of the ...

EU hits China, Russia with steel anti-dumping duties

Aug 04, 2016 (AFP)

The European Union on Thursday hit China and Russia with anti-dumping duties on cold rolled steel imports after EU producers complained they were being forced o...