Amid U.S. trade war, China’s Xi reiterates reform commitment
9/2/2018, 11:15:40 PMBEIJING--China is still determined to reform and wants to work with all parties to build an open wor ✔ China has criticized the United States for resorting to protectionist and unilateral measures and says it will keep opening up its economy, providing a fair and transparent environment for foreign businesses ✔ China's determination to fully deepen reforms will not change, China's Foreign Ministry paraphrased Xi as telling Guterres
Bank of Japan places trade war defense at center of strategy
9/2/2018, 12:00:23 PMCentral bank elevates economic health over inflation ✔ An assessment of the impact of the trade war will be included in the October edition of its Outlook for Economic Activity and Prices report ✔ Unable to get its message understood by market players, Japan's central bank has the unenviable task of heading into the global turbulence that awaits
Nidec to buy 5 German robotics makers for $450m
9/2/2018, 9:09:02 PMJapan motor maker to cash in on automation wave and weather trade war ✔ Demand in the region is expected to rise, particularly as Beijing works to upgrade its industries under the Made in China 2025 initiative ✔ Top-ranked Harmonic Drive Systems of Japan is boosting production capacity while Chinese producer Leader Precision Drive is gradually growing its market share
Trump brands Merkel 'RIDICULOUS': US president predicts EU capitulation in trade standoff
9/2/2018, 3:57:38 PMUS PRESIDENT Donald Trump has hit out at German Chancellor Angela Merkel as the American leader intensified his rhetoric of a trade war with the EU this week. ✔ The US leader also ratcheted up the risk of an all-out trade war, after saying that the US could pull out of the World Trade Organisation ✔ Chancellor Merkel is due to meet Mr Juncker on Tuesday to try and reach a European solution amid the transatlantic tensions
Turkey crisis: Erdogan claims US behaving like ‘wild wolves’ and turns to Russia for trade
9/2/2018, 5:08:55 PMTURKISH President Recep Tayyip Erdogan had vowed to freeze Donald Trump out of trade deals with Russia after accusing the US of behaving like “wild wolves”. ✔ Turkey and Russia have been struck down by crippling tariffs (Image: GETTY) Turkey and Russia have been struck down by crippling tariffs imposed by President Trump, who objected to Mr Erdogan’s plan to use a Russian missile defence system ✔ Washington has pleaded with Ankara that he is innocent, but this had fallen on deaf ears with officials in Turkey
8@eight: Trade doubts overshadow positive start to week
9/2/2018, 10:18:07 PMWhat happened overnight and what's ahead for the ASX. ✔ Retail test: The first test this week for the Aussie currency, and more broadly the Australian economy, will come today in the form of domestic Retail Sales data, which kicks-off a big data week for the local economy ✔ Market watch: This column was produced in commercial partnership between Fairfax Media and IG
US police arrest China shopping giant's CEO over misconduct claims
9/2/2018, 9:07:06 PMJD.com's Richard Liu has been released, but the investigation remains open. ✔ Liu wasn't involved, but he unsuccessfully asked the court to hide his name out of concerns for his business and marriage ✔ Tensions are high between China and the US thanks to an escalating trade war, and they're unlikely to settle down when American police arrest the chief of one of China's largest tech companies
US may have to put 100% tariffs on Chinese goods: Gordon Chang
9/2/2018, 6:10:43 PMPresident Trump plans to move forward with what would be the next round of tariffs when a public-comment period ends next week, according to a report. ✔ Meanwhile, U.S. companies – specifically Apple – could be used as bargaining chips in the trade war between the two nations, according to China’s state-backed People’s Daily newspaper, which published an article in early August saying that the tech giant benefits from the country’s ample supply of cheap labor and needs to share more of its profits with the local population in China
Opinion | What could possibly go wrong when Trump goes to Texas?
9/2/2018, 6:59:20 PMEven in Texas Trump might be more trouble than he is worth ✔ Beto O’Rourke (D-Tex.) would be able to remind voters that the Trump-Cruz formula would have pregnant rape victims driving hundreds of miles to obtain a legal abortion ✔ It’s nevertheless sort of remarkable that he needs to come crawling to Trump to help win what should be a slam-dunk race
Abe set to win party election but risks losing policy debate
9/2/2018, 10:06:51 PMLeadership challenger raises pressure on Japan's premier for economic reform ✔ With its extreme focus on aggressive monetary easing, Abenomics is essentially another rolling of the trickle-down economics dice ✔ 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
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