After about ten years of changing energy flows from the US as the world’s biggest importer towards China taking the lead, April was the month China it finally happened. According to Chinese customs data the Asian giant reached an historic high of overseas oil purchases of $7.4 million barrels a day. US imports in April… Continue Reading
Emerging from talks in a New York hotel, US Secretary of State John Kerry, Defense Secretary Ashton Carter, Japanese Foreign Minister Fumio Kishida, and Defense Minister Gen Nakatani announced revised guidelines for Japanese-US military cooperation, bringing the two countries closer together than ever before as defense partners. The new rules agreed upon call for the… Continue Reading
South Korean auto maker Hyundai Motors has announced its plans to enter the commercial auto market in Europe and the United States. The move is based on the prediction that car sales are on the rise in these markets. When the US and European consumers can expect to see Hyundai in their regions has yet… Continue Reading
Last week diplomats from the US and Cuba met for the first time to discuss the way forward after Obama and Castro began the process of defrosting relations between the two countries. Business between the capitalist USA and the communist island to the south east of the US has been in a mummified state for… Continue Reading
Despite being mostly out of the debilitating recession of recent years and also being the strongest economy in the world, the United States still can’t seem to get its act together when it comes to making life easier and more productive for businessmen and entrepreneurs. At least that is what Forbes Magazine’s list of Ten… Continue Reading
The continuing decline in the price of oil is bringing the value of the Canadian dollar down with it, as a barrel of oil plummeted to below $60 last week. The price of oil has not been this low since 2009, while the loonie has not reached this price in 5 and a half years.… Continue Reading
On October 17, 2014 the American and Ceylon Chambers of Commerce joined with the Ministry of Industry and Commerce to co-host a US-Sri Lanka Business Forum. The event took place in parallel with the 11th Trade and Investment Framework Agreement, known as TIFA, joint council meeting. Two business leaders, Anura Siriwardena, the Secretary from the… Continue Reading
The third possible buyer in as many years decided not to jump into the purchase of T-Mobile US. The French affordable telecom operator Iliad SA stepped down from the deal, which was never formalized, when it faced resistance from T-Mobile’s majority owner Deutsche Telekom. Detutsche Telekom, according to a person familiar with the company’s mindset,… Continue Reading
The excitement on Wall Street is becoming palpable as investors, analysts and observers watch carefully what magic the Chinese on-line giant Alibaba is going to create when it launches its initial public offering. Some are saying the stock-offering will break records as it ventures to expand its already huge role as a global company looking… Continue Reading
In a friendly prelude to the upcoming US Africa Summit, the Fourth Ethiopian-US Business Form took place in the Texas city of Houston. Leading the delegation of Ethiopian businessmen was President Mulatu Teshome. President Teshome stated that he believes an excellent business climate has been created not just for Americans, but for investors from other… Continue Reading