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January 18, 2020
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Reuters - Business

U.S. Treasury drops China currency manipulator label ahead of trade deal signing

Reuters
WASHINGTON (Reuters) – The U.S. Treasury Department on Monday dropped its designation of China as a currency manipulator days before top officials of the world’s two largest economies were due to sign a preliminary trade agreement to ease an 18-month-old tariff war. FILE PHOTO: A Benjamin Franklin U.S. 100 dollar......
Reuters - Business

U.S. Treasury removes designation of China as currency manipulator

Reuters
WASHINGTON (Reuters) – The U.S. Treasury Department on Monday said China should no longer be designated a currency manipulator in a long-delayed semi-annual currency report, reversing its August finding, which had roiled financial markets. FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote and a Chinese 100 yuan banknote with......
CNBC Business

Mu Cang Chai rice field terraces

CNBC
CNBC – For more and to sign up click here Deep in the valleys forged by the waters of Asia’s Red River, a series of colorful mountain villages are encircled by fields of towering rice terraces. The fields are agricultural feats of precision — rugged mountains blanketed with emerald stairways......
Reuters - Business

Asian shares outperform global peers in December, but yearly gains lag

Reuters
(Reuters) – Asian shares gained for the fourth successive month in December as appetite for regional shares improved after the U.S. and China agreed on a preliminary deal to end their 17-month long trade war. A board shows stock information at a brokerage office in Beijing, China January 2, 2020.......
CNBC Business

Travel trend 2020: Mekong River cruises are booming — here’s why

CNBC
Cruising the lower Mekong is a safe, convenient and pampered way to explore Cambodia and Vietnam. Whether on traditional boats or luxury cruises outfitted with high-end restaurants, spas and gyms, travelers have more ways to explore the rural towns and small tributaries of the delta region. Source link: Click here......
Reuters - Business

Exclusive: Ant Financial takes stake in Vietnam’s eMonkey: sources

Reuters
JAKARTA (Reuters) – China’s Ant Financial, a fintech affiliate of e-commerce giant Alibaba Group Holding Ltd (BABA.N), has quietly acquired a sizable stake in a Vietnamese e-wallet eMonkey, people familiar with the matter said. FILE PHOTO: The logo of Ant Financial Services Group, Alibaba’s financial affiliate, is pictured at its......
Reuters - Business

McLaren looks to Asia and hybrid cars to stay on track

Reuters
DETROIT (Reuters) – British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company’s chief executive said on Tuesday. FILE PHOTO: The McLaren Grand Tourer is seen during a world......
Reuters - Business

Many firms have no contingency plans should U.S.-China trade war worsen: DHL survey

Reuters
SHANGHAI (Reuters) – As the U.S.-China trade war drags into its 16th month and continues to disrupt supply chains, more than one-quarter of multinational firms have not made contingency plans, showed a survey from a subsidiary of courier giant DHL. FILE PHOTO: Chinese staff members adjust U.S. and Chinese flags......
Reuters - Business

Hyundai Motor to invest $1.55 billion in first Indonesia car plant

Reuters
SEOUL (Reuters) – South Korea’s Hyundai Motor (005380.KS) said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market. The logo of Hyundai is pictured......
Cleveland Scene

Plain Dealer Published Photos of My Lai Massacre in Vietnam 50 Years Ago Today

ClevelandScene
click to enlarge Fifty years ago today, the Cleveland Plain Dealer — what was, at the time, a daily newspaper — published shocking photos of the My Lai Massacre in Vietnam. It was the first outlet in the United States to do so. Snapped by Ron Haeberle, a U.S. army......
Reuters - Business

Made in China: Samsung farms out more phones to fend off rivals

Reuters
SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung Electronic’s Galaxy A90 is seen on......

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