World Bank's Kim sees 'clear' economic slowdown if trade war escalates
10/11/2018, 2:34:44 AMWorld Bank President Jim Yong Kim said on Thursday he is very concerned about th... ✔ Antara Foto/Jefri Tarigan/ via REUTERS Kim made the comments at a news conference during the annual meetings of the International Monetary Fund and World Bank in Bali ✔ Kim also said more study is needed to understand the effects of trade war on countries that supply goods and services to China ✔ Our Standards:The Thomson Reuters Trust Principles
Alibaba executive warns trade war pain will be felt globally: SCMP
10/11/2018, 3:10:50 AMThe escalating trade war between the United States and China is careening toward... ✔ It is really ill-advised for the United States to launch a war of some sort targeting China, thinking that they can treat China like the way they treated Russia by isolating the economy and bringing on pain, Tsai was quoted as saying ✔ Our Standards:The Thomson Reuters Trust Principles
Asian stocks fall sharply after US losses
10/11/2018, 2:22:39 AMUS shares slumped overnight on concerns about rising interest rates and escalating trade tensions. ✔ In China, Hong Kong's Hang Seng slumped 3% and the Shanghai Composite shed 2.6% ✔ Higher interest rates makes borrowing more expensive, slowing economic activity and hurting investor appetite for risk ✔ Elsewhere in Asia, South Korea's benchmark Kospi index fell 2.8% and Australia's S&P/ASX 200 index fell 1.9%
China to UNLEASH thermonuclear weapon-ready Hong-20 stealth bomber
10/11/2018, 2:01:58 AMBEIJING officials have announced the new Hong-20 stealth bomber is close to making its first trial flight. ✔ GETTY STEALTH: The Chinese designed the bomber on US models (Pic: GETTY) The powerful aircraft will take to the skies after having been in development for more than a decade ✔ The spat comes after US President Donald Trump sparked a trade war with the Asian superpower, which risks plunging the world economy into a serious downturn
Markets across Asia open down sharply, following Wall St. tumble
10/11/2018, 3:02:04 AMTaiwan’s benchmark index fell the most, to a 16-month low ✔ By Anna Fifield Anna Fifield Beijing bureau chief ✔ I think the Fed has gone crazy, he told reporters while traveling in Pennsylvania Wednesday ✔ It’s a correction that we’ve been waiting for, for a long time ✔ S. lawmakers urge FBI to probe claims of Chinese intimidation against immigrants
BMW to gain control of China venture in milestone deal for foreign...
10/11/2018, 3:41:17 AMGermany's BMW said it will take majority control of its main China joint ve... ✔ He said control of the joint venture could spur BMW to bring production of models like the BMW X4, X5 and X6 sport utility vehicles, which are currently built in the United States, to China ✔ NOT BRILLIANT FOR BRILLIANCE BMW’s Hong Kong-listed partner, Brilliance China, which makes the vast majority of its revenue from BMW-branded cars, has seen its shares tumble nearly 50 percent this year on talk that such a deal was in the offing ✔ Our Standards:The Thomson Reuters Trust Principles
World Bank president warns: Debt and trade problems are painting 'a troubling picture'
10/11/2018, 2:53:51 AMAmid U.S.-China trade tensions and high levels of debt faced by low income countries, one message is clear, the president of the World Bank Group said on Thursday: Trade is important for the poor. ✔ We're worried about trade tensions, we're worried about the fact that many many lower income countries have now gone into a level of indebtedness, he said ✔ He added that more study is needed to understand the effects of trade war on countries that supply goods and services to China
Why is the stock market down so much today?
10/11/2018, 1:14:03 AMThe Dow plunged more than 800 points Wednesday. Why did the stock market go down so much? ✔ The fear now is the economy will get too hot and cause both price and wage inflation to spike, which hurts the buying power of consumers and crimps the earnings of employers ✔ The current market decline won't be fun, Perkin adds, but this sell-off will end and a strong economy will carry us through the end of the year
World War 3: China to launch new STEALTH BOMBERS able to fire MISSILES at US targets
10/11/2018, 1:12:08 AMCHINA has announced its latest major military development, disclosing that its new-generation stealth bomber Hong-20 will finally take to the skies, as tensions between Beijing and the US reach a dangerous new level. ✔ Nevertheless, the H-20 would still be able to bomb US overseas territories such as Sapian, Guam and the Hawaii ✔ These incidents came along with other deteriorations in the Sino-American relationship, specifically over issues pertaining to sanctions, Taiwan and the continued trade war
Brazil’s big soyabean win turns painful
10/11/2018, 3:15:32 AMundefined ✔ Brazil is discovering that winning big in trade wars comes at a cost ✔ The inventories, which provide a buffer against sudden shortages of soyabeans in Brazil, are forecast by the UN Food and Agriculture Organization/AMIS to fall to a 6-year low of 800,000 tonnes at the end of this year
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Child porn-charged Chinese scientist under US investigation for spying
10/11/2018, 2:28:02 AMundefined ✔ According to Chinese media reports, Xie was also employed as a cancer specialist at the Shanghai Oriental Hospital, which is affiliated with Tongji University, through the Thousand Talents programme ✔ The University of Texas at Houston MD Cancer Centre and the civic centre in Houston did not immediately reply to the Post's requests for comment, while the Shanghai Oriental Hospital said it did not comment on personnel matters
Asian shares tumble as global sell-off spreads
10/11/2018, 3:58:34 AMundefined ✔ Stock markets across Asia Pacific tumbled on Thursday as a global sell-off in equities and bonds rippled around the globe spurred by worries over the impact of rising interest rates ✔ This is much more interest-rate related than anything going on specifically with tech, said Ari Shrage, chief executive of Aliya Capital
First ever 'Chinese spy' extradited to stand trial in US
10/11/2018, 2:22:13 AMA man the US claims is a Chinese intelligence officer stood before court on Wednesday, after being flown to the US from Belgium in an "unprecedented" extradition. ✔ Xu would cover the experts' fees and pay them a stipend while posing as an official with the Jiangsu Science and Technology Association ✔ He also reiterated that he would impose tariffs on additional $267 billion worth of Chinese goods, if it slaps more tariffs on US imports in response to the previous $200 billion package
Philippines and US aim to announce free trade talks in November
10/11/2018, 1:58:15 AMManila hopes to revive garment industry with permanent tariff deal, trade secretary says ✔ Manila aims to revive the country's garment industry, which was dealt a blow in 1995 by the phaseout of a quota system that guaranteed a market for Philippine exports ✔ The recent deal with Ottawa is widely seen as a victory for Trump, who plans to commence trade talks with Japan next
A new era for the China-Russia-U.S. triangle
10/11/2018, 12:06:20 AMMr. Kissinger’s approach was sometimes called “triangulation.” But distilled down to its essence, the phrase meant ensuring that China and Russia were not friendlier to each other than each was to the United States. Given that the Soviet Union was much stronger than China at the time, Mr. Kissinger especially courted Beijing. ✔ They have sought to use Syria, Iran and North Korea to check U.S. influence while waging cyberwar against U.S. companies and institutions ✔ • Victor Davis Hanson, a classicist and historian at the Hoover Institution at Stanford University, is the author of The Second World Wars: How the First Global Conflict Was Fought and Won (Basic Books, 2017)
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