An agreement on autos trade between South Korea and the US has ended over three years of wrangling to address an imbalance, which the US believes is heavily stacked in South Korea’s favour. While tariffs and a timeframe for their withdrawal have all been negotiated, it is the non-tariff barriers that have been central to… [Read more]
The wait will soon be over: General Motors (GM) is set to go public on the NYSE during the week of August 16 in what may well prove to be the largest IPO on record. The automaker is hoping to raise upwards of US$20bn in what represents a remarkable turnaround, considering the listing would come… [Read more]
There will be two important growth drivers for this: Biofuels and livestock. As alternative energies become more popular, corn (which is used to create bio-ethanol in the US and some other countries) production will require increases, particularly since some governments (notably South Africa) have already implemented plans for increased bio-fuel content in gasoline. Another important… [Read more]