Deal

Both China and the United States should make compromises in trade talks, Chinese vice commerce minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S. presidents at this week’s G20 summit in Japan. China and the United States last week said they were reviving talks ahead of the […]

Procter & Gamble has shown up for Cannes Lions Health. The consumer packaged goods giant, which recently bought Merck KgAA’s consumer health division and rebranded it as P&G Health, is everywhere in Cannes, serving notice—at least to consumer healthcare companies—that it’s in play. P&G hit the stages with several presentations, with teams of brand managers […]

Two of the world’s most influential economic leaders have warned that there are troubling developments arising from increased trade barriers and tariffs. Mario Draghi, the president of the European Central Bank (ECB) and Christine Lagarde, the managing director of the International Monetary Fund (IMF) warned that the global trade dispute between the U.S. and China […]

Wall Street’s main indexes dropped on Wednesday on worries of a prolonged U.S.-China trade war after Washington hardened its stance, but losses were cushioned by a muted reading on inflation that backed the case for an interest rate cut. Data showed consumer prices edged up 0.1% in May, in line with expectations of economists polled […]

Current and threatened U.S.-China tariffs could slash global economic output by 0.5% in 2020, the International Monetary Fund warned on Wednesday as world finance leaders prepare to meet in Japan this weekend. IMF managing director Christine Lagarde said in a blog and briefing note for G20 finance ministers and central bank governors that taxing all […]

The Nigeria Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) has stated that the country’s trade policy has become obsolete, noting that it is part of the major hindrances confronting commerce and industrial activities of the country. Sanusi Maijamaa, national vice, president of NACCIMA, who disclosed this in an exclusive interview in Lagos, […]

Unilever, the global fast moving consumer goods (FMCG) company which makes Marmite, soaps and other spreads, saw its sales rise in the first quarter driven by success in emerging markets, but its sales in Europe remained slow. The group reported a 1.6 percent decline in overall turnover to 12.4 billion euros (£10.74 billion).   But on an underlying basis, sales were up 3.1%. The […]

Britain’s markets watchdog on Thursday fined Goldman Sachs International a record $45 million for failing to provide accurate reporting of transactions over a decade. “These were serious and prolonged failures,” said Mark Steward, the Financial Conduct Authority’s executive director of enforcement and market oversight. Goldman agreed to resolve the case speedily, thus qualifying for a […]

It didn’t take long for sparks to fly Tuesday when the cadre of Big Pharma executives sat down before the Senate Finance Committee to defend their price-setting decisions. Sen. Ron Wyden, the committee’s ranking member, dug right in on stock dividends, buybacks and price hikes, saying the companies engage in “two-faced scheming and profiteering” while […]