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December 6, 2019

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Reuters - Business

Trump will make final call on China tariffs, likes direction of talks: Kudlow

Reuters
by Reuters04
WASHINGTON (Reuters) – Top White House economic adviser Larry Kudlow said on Friday that a Dec. 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going. FILE PHOTO: Director of...
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CNBC Business

Trump faces complicated calculus in deciding whether to slap new tariffs on Chinese goods

CNBC
by CNBC03
In less than two weeks, President Donald Trump must decide whether to slap tariffs on $156 billion in consumer goods made in China or move the goalpost yet again in lieu of the comprehensive trade deal he’s been seeking. Source link: Click here for more
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Reuters - Business

Chinese defy Hong Kong’s protest gloom in hunt for bargain stocks

Reuters
by Reuters05
SHANGHAI (Reuters) – Chinese investors more than doubled their Hong Kong stocks purchases this year, braving market headwinds from violent street protests and the protracted Sino-U.S. trade war, which have battered the Asian financial hub’s economy. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at...
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CNBC Business

Global economy will recover in the second half of 2020, says UBS Global Wealth Management

CNBC
by CNBC04
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
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Reuters - Business

Huawei mounts legal challenge against FCC over rural carrier customers

Reuters
by Reuters01
SHENZHEN, China (Reuters) – China’s Huawei mounted a legal challenge against the U.S. Federal Communications Commission (FCC) on Thursday after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program. The FCC last month voted unanimously to designate Huawei Technologies...
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Reuters - Business

Huawei appeals against U.S. ban on rural carrier customers accessing subsidies

Reuters
by Reuters02
SHENZHEN, China (Reuters) – China’s Huawei has mounted a legal challenge against the U.S. Federal Communications Commission (FCC) after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program. FILE PHOTO: The Huawei logo is pictured at the IFA consumer...
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Reuters - Business

Huawei files appeal in U.S. court against FCC’s rural carrier purchase ban

Reuters
by Reuters06
SHENZHEN, China (Reuters) – China’s Huawei has mounted a legal challenge against the U.S. Federal Communications Commission (FCC) after the body designated the technology giant as a security threat and tried to bar it from a government subsidy program. FILE PHOTO: The Huawei logo is pictured at the IFA consumer...
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CNBC Business

Oil dips as OPEC weighs deeper output cuts

CNBC
by CNBC04
Oil prices edged lower on Thursday ahead of a key OPEC meeting where members are expected to weigh deeper output cuts in an effort to prop up prices and prevent a glut next year. Source link: Click here for more
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Reuters - Business

Trump says trade talks with China going ‘very well’

Reuters
by Reuters08
U.S. President Donald Trump attends the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Toby Melville WATFORD, England (Reuters) – U.S. President Donald Trump said on Wednesday that trade talks with China were going “very well,” sounding more positive than on Tuesday when he said a trade deal might...
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CNBC Business

These are investment opportunities in Asia that Credit Suisse and UBS are bullish on in 2020

CNBC
by CNBC07
Credit Suisse and UBS singled out some investment picks or sectors they are optimistic on for 2020. Source link: Click here for more
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Reuters - Business

Jared Kushner, Trump’s son-in-law, takes bigger role in China trade talks

Reuters
by Reuters07
WASHINGTON (Reuters) – President Donald Trump’s son-in-law Jared Kushner has added another role to his long list of White House duties – U.S.-China trade negotiator – as Washington and Beijing try to reach an initial agreement to avoid new U.S. tariffs on Dec. 15. FILE PHOTO: White House senor adviser...
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Reuters - Business

China’s Postal Savings Bank says some retail investors opt out of mainland listing

Reuters
by Reuters07
FILE PHOTO: A man walks out of a Postal Savings Bank of China branch in Beijing April 23, 2015. REUTERS/Kim Kyung-Hoon//File Photo BEIJING (Reuters) – Postal Savings Bank of China (1658.HK) said investors had opted out of paying for 3% of shares on offer in its Shanghai listing – a...
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CBS US News

Congress approves bill condemning China for persecution of ethnic Muslims

CBS News
by CBS News04
Washington (AP) — Congress overwhelmingly approved a bill Tuesday aimed at pressuring China over a brutal mass crackdown on ethnic Muslims in the far west of the country, legislation that follows a similar measure over human rights abuses in Hong Kong that angered the Chinese government. The House of Representatives...
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Reuters - Business

China capex growth hits three-year low as weak economy, trade war drag

Reuters
by Reuters08
BENGALURU/SHANGHAI (Reuters) – Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed. FILE PHOTO: A man walks on the bund in...
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Reuters - Business

Proper U.S.-China trade deal more important than timing: Wilbur Ross

Reuters
by Reuters04
(Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said it was more important to get a proper trade agreement with China than to get the deal done by this December or next December – after the 2020 presidential election. Ross told Reuters in an interview that the world’s two...
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CBS US News

Tariffs on China: No trade deal with China? U.S. consumers could pay more for electronics

CBS News
by CBS News05
President Donald Trump said Tuesday he’s in no rush to seal a trade deal with China, telling reporters during a NATO gathering in London there’s “no deadline” for an agreement and that “in some ways it’s better to wait” until after the 2020 U.S. presidential election.  That is raising concerns...
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CNBC Business

Verizon CEO says he doesn’t want a 5G ‘cold war’ between the US and China

CNBC
by CNBC011
“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
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CBS US News

Stocks slump after Trump says no deadline for China trade deal

CBS News
by CBS News06
Stocks sank on Tuesday after President Donald Trump suggested a long-awaited trade deal with China could be delayed until after the 2020 election and said he doesn’t have a deadline for clinching an agreement. The Dow dropped more than 400 points, while the S&P 500 and tech-heavy Nasdaq also lost...
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