Business

India and Free Trade Agreements

Recently, the Regional Comprehensive Economic Partnership (RCEP) was finally signed with participation of 15 members including 10 ASEAN member countries and Australia, China, Korea, Japan and New Zealand, after over a decade of negotiations. While it is being described as the world’s largest free trading agreement, India had decided against joining RCEP last year citing …

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A German financier received $ 13 million for mediating SoftBank’s controversial € 1.1 billion investment in Wirecard

Christian Angermeier, a 42-year-old Mr. serial technology investor and a staunch supporter of the benefits of psilocybin, the active ingredient in magic mushrooms, was took payment from by both sides in a complex deal, where the Japanese conglomerate’s reputation, as the world’s largest technology investor, helped to dismiss allegations of fraudulent accounting at Wirecard. The …

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The United States will pay $ 1.95 billion to Pfizer and BioNTech, for a possible Covid-19 vaccine, if it would be safe and effective

The US could buy 100 million doses Covid-19 vaccine for $ 1.95 billion from Pfizer and BioNTech, to develop and ship, if it would be safe and effective for humans, as reported companies today. This deal is the largest between the state and the company. German company BioNTech and Pfizer are jointly developing four potential …

The United States will pay $ 1.95 billion to Pfizer and BioNTech, for a possible Covid-19 vaccine, if it would be safe and effective Read More »

Japan’s exports fell 26.2%, Asian market movement, and the European summit

Asian stocks were mostly lower on Monday, as investors cautiously watched the European leaders’ summit discussing the pandemic crisis and US coronavirus cases continued to rise. Japan’s Nikkei 225 NIK, + 0.09%, fell 0.2%, while Hong Kong’s Hang Seng HSI, -0.40% rose 0.1%. Shanghai Composite SHCOMP, + 3.11% rose 2.6%, while Shenzhen Small-cap Composite 399106, …

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Bank of America

Bank of America allocates billions for loans, stocks fall

Bank of America’s profit fell 52%, the company joined its competitors in preparation for consumer defaults caused by the economic consequences of the pandemic. Consumer bank profits fell by 98% due to a sharp increase in reserves. Investment and bank fees are rising to a record level, debt trading is growing. The company allocated $ …

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