Toyota finds a silver lining in trade war crisis
9/26/2018, 12:09:39 AMundefined ✔ As the escalating global trade war clouds the outlook for Japan’s car industry, Toyota is preparing for its biggest push into China ✔ In May, Li Keqiang made his first visit to Japan since becoming China’s premier in 2013 ✔ If the 25 per cent tariff is imposed, CLSA estimates that Subaru, Honda and Nissan will take the biggest hit to their operating profit
U.S.-China trade war dims Asia's 2019 growth outlook: ADB
9/26/2018, 1:52:14 AMDeveloping Asia could grow more slowly than previously thought next year as the ... ✔ China’s economy is expected to grow 6.3 percent in 2019, the ADB said, slower than its 6.4 percent forecast in July and weaker than its 6.6 percent growth estimate for 2018, which was unchanged from its previous projection ✔ Our Standards:The Thomson Reuters Trust Principles
ADB trims Asia's 2019 growth forecast over US-China trade war
9/26/2018, 1:36:27 AMAdditional pressure on region's currencies poses another risk, says report ✔ Such disruptions could be substantial as the conflict drags on, escalates, or spills over into financial markets, the ADB said ✔ China's growth projections this year has been kept at 6.6%, but next year's outlook has been shaved by 0.1 percentage point to 6.3% amid slower demand growth and the fractious relationship with the U.S. Supply-side reform amid monetary and fiscal support will nevertheless ensure that growth remains on track, ADB said ✔ Try 3 months for $9 Offer ends September 30th
US-China trade tensions spilling over into the military arena
9/26/2018, 12:34:31 AMThe relationship appears to be veering wildly off track as an escalating trade war becomes conflated with broader concerns in Washington about China's policies. ✔ China appeared even more stunned by the decision to punish the state military company ✔ The State Department announced last week that it would impose sanctions on the Chinese military's Equipment Development Department and its director, Li Shangfu, for purchases of Su-35 fighter jets and S-400 surface-to-air missiles from Russia ✔ Our new podcast series from the team behind Phoebe's Fall View episodes
Why China should agree a European trade deal
9/26/2018, 2:02:30 AMundefined ✔ Large multinational corporation signs agreement to invest billions of dollars in China petrochemical plant ✔ The main reason BASF is willing to make such a large investment is the opportunity to take a 100 per cent stake in the project ✔ In reality, EU officials say that their CAI discussions with China are as desultory and sluggish as ever
China turns away US warship from Hong Kong amid military sanction backlash
9/26/2018, 3:55:35 AMThe Chinese government has blocked a US Navy ship from docking in Hong Kong amid a growing diplomatic feud between the two countries over strict military sanctions imposed by Washington. ✔ (It) interfered with China's domestic affairs and harmed China's sovereignty and security interests, and seriously damaged China-US ties, relations between the two militaries, as well as peace and stability across the Taiwan Strait, he said in a briefing Tuesday
Just showing up is no longer enough for global brands to win in China
9/26/2018, 2:37:53 AMChanging tastes and the challenge from new Chinese rivals are forcing US and European companies including Apple and Starbucks to adopt new strategies to succeed in the world's second biggest economy. ✔ Its customers were tired of waiting in line to place orders ✔ The US company's latest models, the XS and XS Max, include features that could boost their appeal in the Chinese market, like dual SIM cards and a larger screen ✔ But analysts are skeptical these will make much difference ✔ Apple is fighting a bit of a losing battle, Cavender said
Asian shares gain as Shanghai stocks extend recovery
9/26/2018, 3:39:15 AMan shares inched up on Wednesday, as Chinese stocks extended their recovery to h... ✔ The Fed’s past policy statements have shown that policy makers see 2.9 percent, about 100 basis points above the current levels, as an appropriate level in the longer run ✔ That means the Fed would hit that level with only two more rate hikes, if it will bump up rates twice more this year as widely expected ✔ Our Standards:The Thomson Reuters Trust Principles
China Won't Allow U.S. Navy Ship To Dock In Hong Kong Amid Escalating Trade Conflict
9/26/2018, 3:23:42 AMThe assault ship Wasp had been due to make a port call in Hong Kong next month. ✔ In Beijing, Foreign Ministry spokesman Geng Shuang did not directly answer a question on whether China had denied the request ✔ China and the United States are also embroiled in an increasingly bitter trade war ✔ (Reporting by Greg Torode and Ben Blanchard; Editing by Darren Schuettler) Download
ADB maintains growth outlook for Asia despite trade headwinds
9/26/2018, 3:13:45 AMundefined ✔ The bank said some countries, particularly those in south-east Asia could stand to benefit from US-China trade tensions as trade is redirected to their shores ✔ Other risks for the region included elevated debt levels, volatile capital flows, sharp currency depreciation, high housing prices, and cross-border contagion the ADB said
Trade dispute to hurt US LNG sector
9/26/2018, 12:42:35 AMBeijing's countermeasure against the United States in their trade dispute would hurt US liquefied natural gas exporters while providing opportunities to other LNG-exporting countries, said the Ministry of Commerce. ✔ An LNG container ship from Australia docks at Yangkou port of Rudong county, Jiangsu province, on Jan 15 ✔ The White House announced new tariffs on $200 billion worth of Chinese goods beginning on Sept 24, including various aluminum and steel items that had been left out of tariffs imposed in March
Chinese man arrested in US for allegedly acting 'as an illegal agent' of China
9/26/2018, 3:55:43 AMA 27-year-old Chinese national was arrested in Chicago Tuesday for allegedly spying on behalf of Beijing, in the same week CIA director Gina Haspel warned against growing Chinese influence abroad. ✔ MUST WATCH Dumpster diving for evidence of a spy 01:19 This week, China refused to allow a US Navy warship to dock in Hong Kong, and strongly objected to the US approval of a $330 million arms deal with Taipei ✔ According to Foreign Policy, beginning in 2010, China systematically dismantled the (CIA's) network of agents across the country, executing dozens of suspected US spies, due to security lapses in how handlers and sources communicated with each other
Santos aiming for 100 million barrels of oil by 2025
9/26/2018, 1:00:24 AMSantos is aiming to double its gas output, targeting a production rate of more than 100 million barrels of oil equivalent by 2025. ✔ Photo: Santos During the presentation on Wednesday, Santos rearranged its five core pillars for operation, moving the controversial New South Wales Narrabri coal seam gas project from a core focus to under a broader Queensland and NSW grouping, and turning the West Australian Quadrant assets into its own core pillar
Runaway US stock market prompts investors to look overseas
9/26/2018, 3:14:37 AMundefined ✔ According to Bank of America Merrill Lynch’s latest survey, investors have built up the largest overweight position in US equities in three years, surpassing all other assets ✔ Last week, President Donald Trump announced tariffs of 10 per cent on an additional $200bn worth of Chinese imports, which will increase to 25 per cent by the end of the year ✔ China volleyed back with its own on $60bn worth of US goods
Can Nomura crack the Chinese market?
9/26/2018, 3:59:23 AMJapanese bank sees its experience with aging clients as advantage ✔ Nomura was still reeling from its decision in 2008 to acquire the Asian and European operations of Lehman Brothers -- a move that Nomura officials hoped would allow the bank to leapfrog into the ranks of the biggest global players ✔ Try 3 months for $9 Offer ends September 30th
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