Taiwan risks getting trumped in trade war
8/29/2018, 10:15:26 PMIn the firing line of US-China conflict, island economy must diversify ✔ When Ma left office, be bequeathed Tsai an economy that had contracted for three straight quarters and no Plan B ✔ He was given the 2018 prize for excellence in opinion writing by the Society of Publishers in Asia, for his work for the Nikkei Asian Review
China taps Abe, Volvo and anything that sticks in trade war
8/30/2018, 5:53:27 AMXi searches for better narrative to sell to the world ✔ BEIJING -- On Aug. 22, one day before Donald Trump's administration slapped new tariffs on $16 billion worth of Chinese products, Asian journalists gathered for a forum in Beijing ✔ Beijing is refraining from trumpeting its Made in China 2025 strategy both at home and abroad for fear of provoking the Trump administration
Xiaomi partner says US-China trade war will not impact its business 'at all'
8/30/2018, 7:53:29 AMChinese wearable technology company Huami is expressing confidence as it expands globally amid the ongoing U.S.-China trade war. ✔ Our cost control capability is unrivaled, CEO Huang Wang told a news conference ✔ Technology is going to become front and center in this very competitive relationship, said Alex Capri, a visiting senior fellow at the National University of Singapore's business school
China August factory growth seen easing again as orders cool,...
8/30/2018, 6:06:29 AMActivity in China's vast factory sector likely slowed for the third straight month in August as domestic demand remained weak and exporters faced rising uncertainties from the escalating trade war with the United States, a Reuters poll showed. ✔ The 50-mark divides expansion from contraction on a monthly basis ✔ Project approvals jumped nearly four-fold in July, but the benefits will take time to be felt, suggesting economic conditions will get worse before they get better ✔ Our Standards:The Thomson Reuters Trust Principles
Sotheby’s says US tariffs on Chinese art will not have ‘material effect’ on results
8/29/2018, 9:56:18 PMundefined ✔ But Sotheby’s on Wednesday said works of art of Chinese origin imported into the US and sold in its New York salesroom account for a small portion of its annual sales ✔ Sotheby’s added that even if the tariff were to take effect, its Asia Week sales in September will be unaffected
Trump blames China for Korea talks breaking down
8/30/2018, 7:34:01 AMBut speaking of a warm relationship with North Korea, the US president contradicts his defence secretary on war games. ✔ Photo: Bloomberg US website Vox has reported Trump is refusing to sign a declaration to end the 1950-53 Korean War until North Korea undertakes denuclearisation ✔ An opinion piece in the official Communist Party mouthpiece, People's Daily , said trade had once been the ballast stone in US-China relations, but that had now changed ✔ South Korean officials weren't permitted to cross the demilitarised zone on August 24
Donald Trump’s wave of tariffs creates just a ripple in markets
8/30/2018, 7:37:44 AMundefined ✔ If the chance of a 4 per cent fall is 50 per cent and the chance of a 2 per cent fall is 50 per cent, then the expected value is a fall of 3 per cent ✔ They are worried and have it in mind but are not yet shifting assets on the basis of that worry ✔ News to suggest the contrary would have a big market impact
Chinese soy buyers leave U.S. exporters show empty handed
8/29/2018, 11:34:37 PMAn annual U.S. soy exporters' conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years where billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies. ✔ U.S. soybean prices Sv1 have tumbled about 18 percent over the past three months as the threat of tariffs shifted Chinese buyers to book soybeans almost exclusively from Brazil, the top exporter of the oilseed ✔ Our Standards:The Thomson Reuters Trust Principles
European markets seen slightly lower amid NAFTA negotiations
8/30/2018, 6:05:34 AMEuropean stocks are set to open slightly lower Thursday morning, as investors continue to monitor global trade talks. ✔ The White House has said it wants to settle NAFTA discussions before then negotiating with China ✔ Investors are also likely to monitor a preliminary reading of Germany's harmonized inflation rate for August at around 1:00 p.m. Elsewhere, British Prime Minister Theresa May continues with her tour of Africa on Thursday, where she is expected to hold bilateral talks with her Kenyan counterpart in Nairobi
China business forum shifts to Singapore amid U.S. trade row
8/30/2018, 7:56:55 AMSHANGHAI--Organizers of a new business leaders' forum spearheaded by former New York mayor Michael B ✔ A source familiar with the matter said forum organizers had argued--ultimately unsuccessfully--that their event would complement the Shanghai import fair by bringing hundreds of top global business leaders to China at the same time ✔ Bloomberg News, founded by Michael Bloomberg, competes with Reuters' parent Thomson Reuters Corp in providing news and information to banks, hedge funds and others
Trade fears regain grip on European shares, real estate stocks fall
8/30/2018, 7:53:37 AMEuropean shares fell back on Thursday, tracking a decline in Asian trading overnight as weakness in Chinese markets eclipsed optimism that a NAFTA deal could be struck by Friday's deadline. ✔ Traders cited Morgan Stanley downgrading its overall view on the European property sector, and cutting Klepierre (LOIM.PA) and Carmila (CARM.PA) to underweight as well ✔ Europe’s real estate sector .SX86P was the worst-performing, down 1.3 percent ✔ Our Standards:The Thomson Reuters Trust Principles
India's rupee falls to an all-time low
8/30/2018, 6:05:36 AMThe Indian rupee fell to a record low on Thursday morning, following a declining trend all year. Economists say rising oil prices and broader emerging market concerns are weighing on the currency. ✔ Rupak De Chowdhuri | Reuters An employee counts Indian currency notes at a cash counter inside a bank in Kolkata ✔ Oil prices have been up more than 7 percent since mid-August, DBS Economist Radhika Rao explained in a note following the previous record low on Wednesday
China will take a 'long time' to catch up to memory chip rivals, industry expert says
8/30/2018, 7:10:17 AMBut Beijing is aggressively pushing for Chinese firms to develop their own chips so they can rely less on imports, according to Lung Chu, president of SEMI China. ✔ Chu said China was responsible for more than half of the global consumption in the chip industry, yet Chinese local suppliers meet only about 13 percent of the domestic demand ✔ However, because the market is here, the customer is here, the China strategy has to be part of the global strategy or the corporate strategy, he said
Trump Says No Reason to Resume Military Exercises With South Korea
8/30/2018, 12:39:11 AMPresident Trump cast new doubt Wednesday on the future of U.S.-South Korea military exercises, which were suspended earlier this year to smooth the way for now-stalled denuclearization talks with North Korea. ✔ U.S. military officials consider the exercises important to South Korean security and to the military alliance between the two nations ✔ Freedom Guardian, for example, consists of more than 50,000 troops ✔ Appeared in the August 30, 2018, print edition as 'Trump Shrugs Off U.S.-Korea War Games.'
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Fewer Americans see China positively as trade tensions worsen
8/30/2018, 2:52:50 AMundefined ✔ Beijing holds around US$1.2 trillion in US Treasury bonds ✔ Other major concerns for most respondents were the threat of Chinese cyberattacks, China's impact on the global environment, the loss of US jobs to China, the growing trade deficit, and China's human rights policies ✔ But Democrats were significantly more worried about China's environmental impact than Republicans, the report found
White House casts blame on China for North Korea challenges
8/30/2018, 1:16:12 AMPresident Donald Trump issued a White House statement about North Korea on Wednesday evening via Twitter, casting blame on China for difficulties in the US-North Korea relationship and asserting there is "no reason at this time" to spend money on joint military exercises with South Korea. ✔ Our military posture has not changed since the conclusion of the Singapore summit and no decisions have been made about suspending any future exercises, Mattis said in a statement ✔ I have a fantastic relationship with Chairman Kim, as you probably know, and we're just going to have to see how it all ends up
Asia stocks retreat; weakness in China outweighs NAFTA trade optimism
8/30/2018, 5:57:48 AMAsian stocks handed back earlier gains and fell on Thursday, ✔ The White House has said it wants to settle NAFTA before negotiating with China ✔ The pound stood tall as fears of a ‘hard Brexit’ eased after the European Union’s chief exit negotiator signalled an accommodative stance towards London in ongoing talks ✔ Our Standards:The Thomson Reuters Trust Principles
Analysis | Trump is blaming China for North Korea impasse, but real fault may lie closer to home
8/30/2018, 4:35:46 AMTrump is blaming China for the breakdown in negotiations with North Korea, but the real problem may lie with the vague, verbal promises he exchanged at a summit with Kim Jong Un in Singapore. ✔ They basically don’t think we’re doing enough, a senior U.S. official told Reuters ✔ At the same time, we also know that China is providing North Korea with.. ✔ I would imagine the Chinese aren’t being helpful and that probably hurts at the margins, but the real problem is the incompetence of the Trump administration
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