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Tag: foreign

Exporter: Russian foreign military sales on pace to hit $13.7B despite U.S. sanctions

Exporter: Russian foreign military sales on pace to hit $13.7B despite U.S. sanctions

Business
Nov. 18 (UPI) -- Despite U.S. sanctions, Russian arms sales are on pace to match 2018's export revenue of about $ 13.7 billion, the head of Russia's state-owned defense export company said Monday. Sergei Chemezov, chief executive officer of Rostec, said at the Dubai Air Show that Russia has confirmed sales of $ 11 billion so far this year, and expects to end 2019 with between $ 13.5 billion and $ 13.7 billion in defense-related exports. He acknowledged that Rosoboronexport, the country's arms agency, must accelerate its work until the end of the year to meet the goal. "We have two months left, so November and December." Chemezov said. "Overall, the sanctions, well, you can hear the results of Rosoboronexport, they're sort of self-explanatory. Last year, Rosoboronexport supplied military ...
EU Chamber says China’s new foreign investment law is ‘surprisingly accommodating’

EU Chamber says China’s new foreign investment law is ‘surprisingly accommodating’

Finance
Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019.Tingshu Wang | ReutersBEIJING — At least on paper, the Chinese government is trying to show how serious it is about improving the local business environment for foreign companies.Joerg Wuttke, president of the European Union Chamber of Commerce in China, told reporters Friday that based on a preliminary look at the country's new foreign investment law, "It is surprisingly accommodating to all concerns ... we have."The law, set to take effect Jan. 1, puts a strong emphasis on preventing Chinese entities from forcing foreign companies to transfer valuable technology in order to do business in China, and also improves protection of trade secrets, Wuttke said.If fully implemented, these aspects of the law w
Iran warns foreign forces to stay out of Gulf, amid new US deployment

Iran warns foreign forces to stay out of Gulf, amid new US deployment

World
Iran's president has warned that foreign forces are threatening the security of the Gulf, after the US said it was deploying troops to the region.Hassan Rouhani said foreign forces had always brought "pain and misery" and should not be used in an "arms race".The US is sending more troops to Saudi Arabia after an attack on Saudi oil facilities both nations blame on Iran.Mr Rouhani also said Iran would present a new Gulf peace initiative at the United Nations in the coming days.This year has seen continuing tension between the US and Iran, following President Donald Trump's abandonment of a deal aimed at limiting Iran's nuclear activities in return for the easing of sanctions. Why Saudi Arabia and Iran are bitter rivals Who's using...
Japan surpasses China as largest foreign holder of US Treasurys

Japan surpasses China as largest foreign holder of US Treasurys

Finance
A Japanese flag flies atop the Bank of Japan (BOJ) headquarters in Tokyo, JapanYuriko Nakao | Bloomberg | Getty ImagesJapan surpassed China as the largest foreign holder of U.S. Treasury securities in June.Japan has added about $ 21 billion since May, making its holdings the largest since October, 2016. Japan now holds $ 1.12 trillion Treasurys, and China has $ 1.11 trillion, a $ 2 billion increase from the month earlier, according to U.S. Treasury department data.China has been a less aggressive buyer of the U.S. sovereign debt, and market players have speculated that one action it could take in the trade war with the U.S. is to lighten up on its U.S. holdings. But there are no signs that is happening, according to traders.The U.K. is the third-largest holder with $ 342.3 billion, up from...
Foreign tourists hurt in bus blast near Egypt’s pyramids

Foreign tourists hurt in bus blast near Egypt’s pyramids

World
At least 17 people have been injured in a blast targeting a tourist bus in Egypt.The roadside bomb attack happened near the new Egyptian museum close to the Giza pyramids on the outskirts of Cairo. Most of those hurt were foreign tourists, it has been reported. No one is believed to have been killed. Image: The blast blew out windows on the bus Image: No Britons are believed to have been on board the vehicle The wounded have been taken to hospital nearby.A witness, Mohamed el Mandouh, said he heard a "very loud explosion" while sitting in traffic near the site of the blast. Advertisement ...