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Monday, October 14, 2019

Tag: Us-China trade tensions

Ringgit opens lower against US dollar

The local note is at its low for three consecutive days.

Ringgit rises against US dollar in early season

US-China trade tensions hurt the greenback, resulting in a better ringgit performance.

Australia’s central bank cuts rates to record low

Move part of efforts to extend a record 28-year run without recession.

Indonesia’s tax collection target at risk as trade war impact weighs

The US-China trade war has hurt demand for raw materials, prompting authorities to project a wider fiscal deficit and increased borrowing from bond markets.

Singapore faces rising tide of bad debt

An increase in soured debt is likely to spell more pain for lenders and bond investors.

China to fight back against US tariff move

The US will not win the trade war because of the plight faced by its farmers and businesses, according to China's People's Daily.

UK’s Johnson ‘very worried’ about trade tensions, tariff hikes

The question of tariffs is of particular concern for British Prime Minister Boris Johnson as he prepares to lead Britain out of the EU with the prospect of a no-deal Brexit.

China warns US to stop ‘wrong’ trade actions or face consequences

The year-long trade war between the world's two largest economies has roiled financial markets and shaken the global economy.

China buys US soybeans after declaring ban on American farm goods

China last year imposed retaliatory tariffs that remain in place on imports of US farm products including soybeans and pork.

China vows to retaliate if US imposes new levies

China says it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation.

Citigroup, France’s BNP caught up in US case against Huawei CFO

The two are among at least four financial institutions that had banking relationships with Huawei when Meng and others allegedly misled them about its business dealings in Iran despite US sanctions.

US to ease Huawei sanctions for another 90 days

Some telecom companies in the US are 'dependent' on Huawei and thus a 90-day reprieve was deemed appropriate, according to US Commerce Secretary Wilbur Ross.

Huawei says US law denies it due process, judicial review

The litigation in Texas involves Huawei’s ability to sell equipment into the US market and is separate from the US government’s blacklisting of Huawei.

Signs of hope in trade war as US delays new tariffs...

'We're doing this for Christmas season just in case some of the tariffs would have an impact on US customers but so far they have had really none,' says US President Donald Trump.

Singapore’s Shanmugam sees ‘no profit’ from HK instability

China’s ultimate support of Hong Kong will help the city weather the situation, an advantage that Singapore doesn’t have, says Singapore's law minister.

China saving stimulus for trade war winter as yuan weakens

China officials are sticking to a cautious monetary strategy even as tensions with the US worsen.

Hong Kong official warns city’s economy faces tough times

'Industries like retail, catering and transportation have taken a hit because of the recent violent unrest, with significant revenue drops,' an official says.

Huawei launches first product with own operating system

Huawei unveils a new smart television, the first product to use its own HarmonyOS operating system.

China’s ex-central bankers warn of lasting currency war with US

Conflicts with the US could expand from the trade front into other areas, including politics, military and technology, financial experts warn.

Trump says US, China still talking on trade but not ready...

The US would continue to refrain from doing business with Chinese telecoms equipment giant Huawei Technologies, says Trump.

Huawei unveils own operating system to compete with Android

The first version of the OS would be launched later this year in its smart screen products, says Huawei.

Trump ‘not thrilled’ with strong US dollar, says it hurts manufacturing

The latest outburst comes amid the escalating trade war with China while appearing to edge closer towards a currency war.

More HK businesses impacted by mass protests

The protests have drastically affected sales, trade, retail, and tourism in Hong Kong, according to professionals.

Adidas fears ‘everybody will lose’ in US-China currency war

US tariffs on Chinese goods are less harmful to the brand than a potential exchange rate battle, according to CEO Kasper Rorsted.