United States' proposal of improving Taiwan's F-16 fighter jets could affect the improving relationship between China and US.
It seems that the run for US presidency has started showing its colors on Donald Trump, who indicated that showing a tough stance against China is the only resolution. So far, United States has tried their best to escalate pressure on China to trim down its currency value, which has not given the desired results.
Will the looming threat of recession for Europe and U. S into reality? Well, it seems possible now. As markets were today jolted by global cues that the Federal Reserve has indicated "significant downside risks" in the U. S. economy, a sense of panic could be seen in the market.
It was recently reported that maritime experts from the South Eastern part of Asia were about to endorse a plan by Philippines about a long prevailing dispute about the oil abundant islands in the sea of South China that is the apple of the eyes of six nations, inclusive of China.
There is soon going to be a takeover agreement between Foster's and SABMiller. It was revealed by the CE of the firm that this agreement shall help in the establishment of an essential beachhead on the Asia Pacific Ocean.
Prada SpA, the Italian luxury goods unisex brand notified that the profit of first six months had intensified with the immense sales of its bags and wallets in the Asian region.
It has revealed that its net revenue had climbed by 74% and earned Euros 179.5 million in six months compared to last year's 103 million.
European plane manufacturer Airbus has predicted that the demand for commercial aircraft will intensify in the Asian market which would strengthen up the economical status.
It seems that there is no end to the rock solid rivalry between the US and China, as a recent report has made it clear that China is miffed with US over the latter's decision to strike an arm deal with Taiwan.
This report has come at the time when the Obama administration is on the way to resolve the matter involving fleet of F-16 fighter jets.
It seems that the long running euro zone debt crisis has not left China also, as it has come to light that the EU has thumbs down China on its economic growth.
Derecognizing China's market has come as a shocker for the Commerce Ministry.
The CEO of Airbus has revealed that new planes demanded by Asia and China shall give the firm an opportunity to prepare themselves for the global recession that might come as a result of the debt crisis in Eurozone.
He was of the view that they are moving as per their schedule of 1000 net orders by the end of August; the air traffic seems to be doing fairly well also.