China will waive import tariffs for some US soybeans and pork, finance ministry says
The ministry said the tariff waivers being implemented are based on applications by individual firms for U.S. soybeans and pork. Source link: Click here for more
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Asia Economy
World Bank adopts $1 billion-plus annual China lending plan over US objections
The World Bank said its board on Thursday adopted a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. Source link: Click here for more
Global economy will recover in the second half of 2020, says UBS Global Wealth Management
Global growth will recover in the second half of 2020 as the trade war between Washington and Beijing eases and central banks’ monetary policies come into effect says UBS Global Wealth Management. Source link: Click here for more
China gives little indication US trade talks are progressing
China’s commerce spokesman said that the delegations remain in communication, but disclosed few additional details about the negotiations. Source link: Click here for more
Putin fears the US is militarizing space and Russia is right to worry, experts say
It looks like NATO and Russia have a new domain to compete and conflict over: space. Source link: Click here for more
OPEC meets amid speculation over further oil production cuts
Global oil producing giant OPEC and its allies are set to meet in Vienna on Thursday. Source link: Click here for more
Huawei seeks to overturn FCC ban on the use of US subsidies to purchase its equipment
Last month, the FCC banned the use of a government fund to buy equipment and services from companies that pose a national security threat. Source link: Click here for more
Chinese state media blasts US bill that pushes for tougher response to Muslim detainment camps
The commentaries follow warnings from China on Wednesday that the legislation could affect bilateral cooperation, including a near-term deal to end the two countries’ trade war. Source link: Click here for more
OPEC considering deeper production cuts, but its meeting is in disarray before it even gets started
OPEC’s meetings this week appear to be in disarray, but analysts now see a chance the fractured group will agree to deeper production cuts. Source link: Click here for more
Ken Langone: US helped China build its economy for decades, now it’s ‘time to pay the bill’
The billionaire GOP businessman says he does expect a trade deal to be reached between Washington and Beijing. Source link: Click here for more
NATO needs to change to survive, analysts say
The rise of the world’s second-largest economy, China, has posed new challenges to the West. Source link: Click here for more
These are investment opportunities in Asia that Credit Suisse and UBS are bullish on in 2020
Credit Suisse and UBS singled out some investment picks or sectors they are optimistic on for 2020. Source link: Click here for more
India’s central bank is expected to cut rates but that may not be enough to spur growth
The Reserve Bank of India has already slashed its repo rate by 135 basis points since January to boost the economy. Source link: Click here for more
During the NATO summit, the US needs the EU to focus on trade, not just defense spending
Indeed, solutions to economic policy problems that Washington needs to balance its European trade are in the hands of the EU Commission. Source link: Click here for more
US House approves bill that calls for sanctioning Chinese officials over Muslim detainment camps
It calls on President Trump to impose sanctions for the first time on a member of China’s politburo, as he seeks a trade deal with Beijing. Source link: Click here for more
Russia opens Siberian pipeline to China as Beijing expands its influence in the Arctic
Beijing branded itself as a “near-Arctic state” and its far-stretched claim on the area is highly dependent on its partnership with Russia. Source link: Click here for more
Verizon CEO says he doesn’t want a 5G ‘cold war’ between the US and China
“One of the beauties of this industry is … that you can bring your phone from whichever country you’re in and go to another country and it works,” Verizon CEO Hans Vestberg says. Source link: Click here for more
Trump says G-7 will meet at Camp David, after backtracking on holding it at his Doral resort
Next year’s G-7 will be held at Camp David, President Trump said, more than a month after he backed off his initial plan to host the gathering of world leaders at his own Doral resort in Miami. Source link: Click here for more
‘Democrats have gone nuts, they’re crazy’: Trump lashes out over censure speculation
Less severe than expulsion, the U.S. Senate describes censure as “a formal statement of disapproval.” Source link: Click here for more
Three charts that show why Trump thinks NATO is a bad deal
Money is an issue as heads of state and government meet in the U.K. this week for the 70th anniversary of the military alliance. Source link: Click here for more