Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: The Fed Raised Rates. The Markets Didn’t Like It. DealBook Supported by Dec. 20, 2018 Good Thursday morning. (Was this email forwarded to you? Sign up here .) The Fed raised rates, but it’s bracing for economic strain The Federal Reserve raised its benchmark interest rate yesterday to between 2.25 percent to 2.5 percent, and signaled that it expects “some” additional rate increases next year. The Fed believes the U.S. economy is strong. “Jerome H. Powell, the Fed’s chairman, emphasized the continued strength of economic growth at a news conference after the announcement,” Binyamin Appelbaum of the NYT writes. He adds that it was “a display of measured confidence in the economy.” But the move is a slap in the face to vocal critics. … [Read more...] about DealBook Briefing: The Fed Raised Rates. The Markets Didn’t Like It.
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Sections SEARCH Skip to content Skip to site index Subscribe Log In Subscribe Log In Today’s Paper DealBook | DealBook Briefing: Corporate America Says It Often Apologizes for Trump DealBook Supported by Dec. 17, 2018 Good Monday morning. (Was this email forwarded to you? Sign up here .) What’s eating American C.E.O.s? We have some insight, thanks to the Yale C.E.O. Summit with Jeffrey Sonnenfeld last week in New York. The event was strictly off the record, but DealBook has the results of a survey of 134 business leaders who were there: President Trump. Three in four C.E.O.s said they often apologized to their international business partners about the president’s messages. Eighty-seven percent said Mr. Trump’s negotiating style had cost the nation the trust of its allies, and three-quarters felt he wasn’t leading effectively on issues critical to U.S. national security. Trade and … [Read more...] about DealBook Briefing: Corporate America Says It Often Apologizes for Trump
Mexico to face fierce competition from Vietnam: Mexican economists Mexican economists have shared the view that once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect, Mexico will have to face fierce competition from Vietnam in many sectors, such as garments and textiles, leather and footwear, and electronic equipment. Arnulfo Gomez, a foreign trade expert, said Vietnam has successfully implemented a commercial strategy that helps improve the quality and competitiveness of its products on the international market by reducing spending on materials and applying technology in production. With such advantages, Vietnam has more capacity than Mexico to utilise opportunities generated by the CPTPP, he said. The experts suggested that the Mexican Government set forth new measures to raise the competitiveness of domestic businesses, thus avoiding adverse impacts from the deal. Statistics of the Mexican Ministry of … [Read more...] about BUSINESS NEWS IN BRIEF 16/12
Sean Parker was in a bind. It was late May 2013, and a scandal was beginning to brew over his wedding, an opulent affair that was to be held on California's coast. State regulators were up in arms because the campground where the ceremony was scheduled was intended for public, not private usage. But an upscale hotel nearby had contracted it to Parker and his guests for the party, which was happening in less than a week. That standoff finally bore its fruit this week: a long awaited agreement between the state of California and the billionaire tech entrepreneur. The California Coastal Commission, which issued numerous violations to Parker and the hotel for the event at the time, released a slickly designed app that Parker created as part of a settlement with the state that included a $2.5 million payout. The free app, available currently to anyone with an iPhone, helps people find access to beaches along the entirety of the state's coast.When it spilled into public view more than … [Read more...] about How does a tech billionaire say sorry for his unauthorized wedding? With an app, of course.
Firms should seek to grow stronger in global economy: experts Vietnamese businesses need to urgently adapt their management methods and bravely step out into the world in order to survive and develop in the context of global integration, said experts at a workshop held Ho Chi Minh City on December 13. Vu Thi Thuan, Chairwoman of Traphaco JSC, said Vietnam is going through an extensive and intensive integration process by engaging in groups such as the Asia-Pacific Economic Cooperation (APEC) Forum, the Association of Southeast Asian Nations (ASEAN), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the EU-Vietnam Free Trade Agreement (EVFTA). This allows businesses to expand their markets but also presents a lot of challenges and competition, she said, adding that the development of technology and artificial intelligence requires enterprises to map out sustainable development strategies. Businesses should make plans to maintain comprehensive … [Read more...] about BUSINESS NEWS IN BRIEF 15/12