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Friday, July 19, 2019

Tag: Us-China trade tensions

Trump and Xi are struggling to find path forward in trade...

With the conflict dragging on, reaching a comprehensive trade deal as Trump gears up for re-election next year increasingly seems like a remote possibility.

Developing Asia set to meet growth outlook despite trade war

Developing Asia, a group of 45 countries in the Asia-Pacific region, is still expected to grow 5.7% this year and 5.6% next year.

Trump says he could impose more China tariffs if he wants

The president's comments come after promising to hold off on more duties in a trade-war truce he reached with China’s Xi Jinping last month.

Huawei plans to cut jobs in US-based R&D subsidiary, WSJ says

Some of the workers have already been notified of the dismissals and additional cuts could be announced soon.

US-Taiwan deal ‘would harm national security,’ says China

China claims the sale of US$2.2 billion worth of military equipment to Taiwan will harm its sovereignty and national security.

Global PC shipments rise as China’s Lenovo secures top spot

Worldwide shipments of personal computers increase in the second quarter, fueled by businesses upgrading to the latest Microsoft Windows software.

China is stifling its own movie business

As trade tariffs and tweets by President Donald Trump hammer some of China’s biggest companies, the country’s movie business is taking a hit – from its own government.

Singapore pushes for mediation role as trade war breeds disputes

Singapore is looking to build on its reputation as a top arbitration destination in Asia as it prepares to sign the Singapore Convention on Mediation.

Monaco rolls out Huawei-built 5G network in European first

Monaco becomes the first European country to inaugurate a next-generation 5G mobile phone network based on Huawei technology.

Trade war threatens Chinese factories’ existence, supplier says

Li & Fung's CEO says China’s factories are getting 'urgent and desperate' as worried US retailers accelerate a move out of the country amid heightened trade tensions.

US, Chinese negotiators hold ‘constructive’ phone talks on trade

US and Chinese trade officials hold a 'constructive' phone conversation, marking a new round of talks after the world's two largest economies agree to a truce in a year-long trade war.

Cambodia’s Smart Axiata tests 5G network with China’s Huawei

Cambodia's Smart Axiata begin 5G trials in partnership with China's Huawei and could start rolling out the mobile network by this year.

Trump’s trade war is turning out to be a boon for...

For the first time in 30 years, Bangladesh-based garment manufacturer Newage Group is sensing an opportunity to sell in the US. And it has President Trump’s battle with China to thank.

China reiterates demand that US must lift all tariffs

China insists the US must remove all the tariffs placed on Chinese goods as a condition for reaching a trade deal.

Oil slips as gloomy economic data takes shine off Opec deal

Oil edges lower as investors weigh troubling economic data from around the world against Opec’s extension of output cuts into 2020.

Trump’s move to ease Huawei sanctions sparks anger, confusion

Czech's Marketa Vondrousova gets knocked out in the first round at Wimbledon with a 6-4, 6-4 defeat against American Madison Brengle.

Trump, Xi hit pause on trade war again for talks on...

Trump and Xi agree to another truce in their trade war, removing an immediate threat looming over the global economy even as a lasting peace remains elusive.

Trump says open to ‘historic’ trade deal with China at G20

US President Trump says he is ready for a 'historic' deal with China as he kicked off a highly anticipated meeting with China's Xi.

S&P 500 ends up 17% in year’s first half, best since...

Wall Street stocks advance on Friday, concluding a banner first half of the year even as a prolonged US-China trade war led to losses on the week.

Trump signals progress on trade ahead of crucial Xi meeting

President Donald Trump says the US has made progress in trade discussions with China ahead of a lunch meeting with President Xi Jinping.

Stocks gain ahead of US-China talks

Stocks rise for a second day, notching the best month since January on optimism the US and China will make progress during trade talks this weekend.

Asia investors dive into stocks pushing volumes toward record

The average daily trading volume on the MSCI Asia Pacific Index jumps to a potential record high despite worries on trade war uncertainty, global growth worries and slumping profit estimates.

Morrison: Australia won’t ‘sit back’ as US-China fight worsens

Australia urges Indo-Pacific nations to step up their commitment to free trade as the worsening fallout from the US-China impasse threatens global growth.

Report: US still selling components to Huawei despite ban

American technology firms are still selling components to Chinese technology giant Huawei despite a ban imposed by President Trump on national security grounds, the New York Times reports.