Ace Worldwide News Group 20:33 on May 30, 2016

BRITAIN: Cybercrime is big business and HSBC are taking measures on safe-deposit boxes in Hong Kong to guard the wealth of the rich and famous – @AceNewsServices

#AceFinanceNews – May.30: HSBC Tightens Hong Kong Safe-Deposit Box Rules to Boost Defences

HSBC Holdings Plc is strengthening its oversight of its safe-deposit boxes in Hong Kong as the U.K. bank moves to bolster its defenses against financial crimes.

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EGYPT: Ministry of Electricity completed the final contract with the consortium of GDF Suez, Toyota, and Orascom to establish a wind power plant project in the Gulf of Suez next month – @AceFinanceNews

#AceFinanceNews – May.30: Egypt partners with GDF Suez, Toyota and Orascom for wind power plant

Egypt’s Ministry of Electricity completed the final contract with the consortium of GDF Suez, Toyota, and Orascom to establish a wind power plant project with a capacity of 250 MW in the Gulf of Suez next month.

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Ace Worldwide News Group 14:20 on May 30, 2016

ISRAEL: Considering a possible agreement to carry their gas to the European market through Turkey – @AceFinanceNews

#AceFinanceNews – May.30: Israel mulls European gas exports via Turkey

The only route big enough for Israel’s gas exportation is a country like Turkey which is capable of providing infrastructure and further exportation to the West, said the Consul-General of Israel in Istanbul on Wednesday.

In an exclusive interview with Anadolu Agency, envoy Shai Cohen spoke about a possible gas agreement to carry Israeli gas to the European market through Turkey.

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Ace Worldwide News Group 13:54 on May 30, 2016

EGYPT: Minister of trade and industry said on Saturday they plan to establish an industrial zone in South Sinai province – @AceFinanceNews

#AceFinanceNews – May.30: Egypt to establish $92M industrial zone in South Sinai

Egypt’s Minister of Trade and Industry said on Saturday that he approved a plan to establish an EGP 820 million (around $92 million) industrial zone in the province of South Sinai.

Tarek Kabil said during a conference on development and investments in South Sinai, held in the province, that that the area’s mineral resources will be utilised in the project.

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JUST IN: Around 5 million British households are set for lower energy bills this winter after parliament approved a law on gas and electricity tariff price caps, energy regulator Ofgem said on Thursday #AceFinanceDesk reports July 19, 2018
#AFNews – 19/07/18: Ofgem is now required to cap prices on Standard Variable Tariffs offered by the six dominant energy providers for households using gas and electricity which studies have shown were far higher than other tariffs on offer: “The cap will tackle the amount consumers have been overpaying … which the Competition and Markets […]
Ace Worldwide News Group
(SEOUL, S.K.) JUST IN: Samsung said on Monday its opening the ‘ Worlds Largest Mobile Phone Factory ‘ in India according to a report #AceFinanceDesk reports July 9, 2018
#AceFinanceReport – July.09: Samsung said on Monday that it is opening what it said is the world’s biggest mobile phone manufacturing facility as the South Korean giant seeks to expand production in the world’s fastest growing mobile phone market from a report #AceFinanceDesk reports The new Samsung factory will have the capacity of 120 million […]
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(BEIJING, China.) JUST IN: ITS THE BIGGEST TRADE WAR IN HISTORY: After Trump administration 25% affect 800-Chinese products that include industrial machinery, medical devices and auto parts that began just after midnight on Thursday Chinese Foreign Ministry has said #AceFinanceDesk reports July 6, 2018
#AceNewsReport – July.06: The Trump administration’s 25% tariffs affect more than 800 Chinese products worth $34 billion such as industrial machinery, medical devices and auto parts: They kicked in just after midnight ET, which is noon in Beijing: China’s tariffs on US goods came into effect immediately afterward, a spokesman for the Chinese Foreign Ministry […]
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(WASHINGTON) The proposed “United States Fair and Reciprocal Trade Act” would give the Donal d Trump unilateral power to renegotiate with individual countries or apply tariffs, bypassing international WTO rules for collective negotiation according Axios who published the leaked draft but this is just the beg inning of renegotiating trade agreements #AceFinanceDesk reports July 3, 2018
#AceFinanceReport – July.03: The Trump administration has drafted legislation that would allow the U.S. to ditch World Trade Organization rules and give President Donald Trump tighter control over U.S. trade policy, according to Axios, which published the leaked draft: The proposed “United States Fair and Reciprocal Trade Act” would give the president unilat […]
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(TORONTO, Canada.) In response to US tariffs on steel and aluminum, they start retaliatory tariffs on $13B in US goods, on Sunday including maple syrup, coffee beans, strawberry jam and toffee other US imports will be taxed at the border by 10% as Trudeau asks citizens to boycott US goods #AceFinanceDesk reports July 2, 2018
#AceFinanceReport – July.02: Canada Imposes Counter-Tariffs On A Long List Of U.S. Goods as the tariffs went into effect Sunday and are in retaliation for President Trump’s tariffs on Canadian steel and aluminum. Noel King talks to Christophe Bondy, a former trade negotiator for Canada NPR.org reports Canada began imposing tariffs Sunday on $12.6 billion […] […]
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(WASHINGTON) Harley Davidson will move some production out of the US to avoid EU retaliatory tariffs: It was a sign of an early administration strategy as companies wrestle with Trump’s trade fights, which he says will benefit American workers but first there will be upheaval and pain before the real gain #AceFinanceDesk reports June 26, 2018
#AceFinanceReport: June.26: Editor says here’s what we know of their decision and reasons for proposed partial move: President Donald Trump on Monday had sought to frame Harley-Davidson’s decision to move production of some motorcycles overseas as the result of European tariffs and as it was revealed later by Harley-Davidson will move some production out of […]
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MARKETS: China: The benchmark Shanghai Composite slid into bear market territory on Tuesday, closing more than 20% below its recent high in January. The index fell 0.5% on the day following last plunge of 4% as Donald Trumps tariffs slow their economic growth and hitting their sovereign currency the Yuan #AceFinanceDesk reports June 26, 2018
#AceFinanceReport – June.26: Chinese stocks have come under pressure in recent weeks from concerns over an economic slowdown and an emerging trade war with the United States: The trade fears have intensified this week following reports the US government is set to announce restrictions on Chinese investment in American companies, potentially escalating the co […]
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(SEOUL, S.K.) JUST IN: South Korea’s military has picked Boeing Co to supply the country’s m aritime patrol aircraft in a contract worth around 1.9 trillion won ($1.71 billion), a senior company execut ive said on Monday #AceFinanceDesk reports June 25, 2018
#AceNewsReport – June.25: The South Korean procurement agency Defense Acquisition Program Administration (DAPA) said separately that it had decided to buy the P-8 Poseidon aircraft through the U.S. government foreign military sales program: Kang Hwan-seok, a DAPA spokesman, told a media briefing the decision was made after a comprehensive review of legal asp […]
Ace Worldwide News Group
(VIENNA) #OPEC looks to have agreed to a 1 per cent increase in world oil production after believing that it has overcome differences between Saudi Arabia and Iran: The decision was taken after major consumers warned of supply shortages #AceFinanceDesk reports June 24, 2018
#AceFinanceReport – June.24: According to Reuters, Saudi Arabia and Russia – a non-OPEC member – said that an increase in production by about 1 million barrels per day, equivalent to about 1% of global supplies, from early July, has almost been agreed upon by the group and its allies: However, OPEC sources said that the […]
Ace Worldwide News Group
PayPal Holdings Inc has agreed to acquire fraud prevention technology company Simility for $120 million in cash, it said on Thursday #AceFinanceDesk reports June 22, 2018
#AceFinanceReport – June.22: Palo Alto, California-based Simility sells machine-learning-based technology to help online merchants spot fraudsters and improve risk management: PayPal plans to make Simility’s services available to its merchants following the close of the transaction, which is expected by the end of the third quarter, it said #AceFinanceDesk r […]
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Daily Archives: May 30, 2016

BRITAIN: Cybercrime is big business and HSBC are taking measures on safe-deposit boxes in Hong Kong to guard the wealth of the rich and famous – @AceNewsServices

EGYPT: Ministry of Electricity completed the final contract with the consortium of GDF Suez, Toyota, and Orascom to establish a wind power plant project in the Gulf of Suez next month – @AceFinanceNews

ISRAEL: Considering a possible agreement to carry their gas to the European market through Turkey – @AceFinanceNews

EGYPT: Minister of trade and industry said on Saturday they plan to establish an industrial zone in South Sinai province – @AceFinanceNews

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