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Trade War - SERIES 334 {11 articles}

Hong Kong investor in Peach Aviation now aims to 'disrupt' banks

11/10/2018, 5:04:40 AM
First Eastern CEO Victor Chu plans foray into Japanese fintech ✔ The authority aims to promote the application of financial technology and innovation, while improving financial inclusiveness ✔ Guanxi means relationship in Mandarin and in this case, it refers to the practice of using connections to get business done ✔ Nikkei staff writer Sarah Hilton contributed to this article



China's Premier says loans to small firms should not be 'willfully...

11/10/2018, 6:22:32 AM
China's premier said loans to small firms should not be "willfully wit... ✔ Major commercial banks were called upon to cut their average lending rate for SMEs by 1 percentage point in the fourth quarter, compared with the first quarter, and remove unnecessary procedures and surcharges for financing, Xinhua said ✔ Our Standards:The Thomson Reuters Trust Principles



World War 3 fears: China warns US of 'DISASTER' amid 'HIGH CHANCE' of warship collision

11/10/2018, 1:48:11 PM
A LEADING Chinese military general has warned that a confrontation between US and Chinese warships in the South China Sea would be a "disaster" - amid fears that this event remains at a "very high chance". ✔ Tensions between the two countries has been rising in recent weeks, over a trade war and control over the South China Sea ✔ The high school graduates will study at the Beijing Institute of Technology to develop AI weapons - which can select, engage and eliminate human targets without the involvement of humans



Fortune's Good Fortune

11/10/2018, 5:57:15 AM
CEO Daily by Alan Murray ✔ Wall Street Journal Advertisement Trade and Economy A matter of import ✔ GDP rose 6.5% in the third quarter, its slowest quarterly rate in almost a decade ✔ Unmanned Aerial Vehicles were the highlight of the Zhuhai Air Show this week ✔ Find previous editions here, and sign up for other Fortune newsletters here



US presses China to halt militarization of South China Sea, drawing rebuke from Beijing

11/10/2018, 5:49:50 AM
Top U.S. officials urged their Chinese counterparts on Friday to halt militarization of the disputed South China Sea, drawing a rebuke from the Chinese for sending U.S. warships close to islands claimed by Beijing. ✔ Yang said China was committed to non-confrontation but that Beijing had the right to build necessary defense facilities on what it considers its own territory and urged Washington to stop sending warships and military planes close to the islands that Beijing claims



Serving Up a New Flavor of Payment in-Kind Bonds

11/10/2018, 11:03:04 AM
A cash crunch has prompted a Chinese company to pay holders of its debt in pork gift packages instead of cash. ✔ PIK stands for payment in kind, which means that an investor gets paid in securities for interest or dividends, which is a handy contrivance for cash-strapped borrowers ✔ Corporate earnings face a triple headwind of higher rates, a strong dollar, and the previous rise in oil prices, writes MacroMavens’ Stephanie Pomboy



“Opportunity Zones” Are a Chance to Score, EJF Capital Says

11/10/2018, 12:07:47 PM
EJF Capital was among the first to jump when the IRS clarified some of the provisions of Qualified Opportunity Zones, designated low-income areas where tax incentives are supposed to encourage private capital investment. Barron’s spoke with co-founder Neal Wilson about the opportunities. ✔ Neal Wilson, EJF Capital’s co-founder Text size EJF Capital lives in the space between investing and regulation ✔ The Arlington, Virginia-based firm is looking to raise $500 million for such a strategy, according to a person familiar with the matter ✔ Will there be other industries affected by these zones ✔ The REIT structure for the broader investing universe is interesting



RCEP talks relegate US-China tariff battle to subplot status

11/10/2018, 7:55:10 AM
South China Sea disputes also expected to get airtime at big week of summits ✔ ASEAN, which began in the 1960s as a political bloc to ward off the spread of communism, now finds itself caught between the world's most successful Communist-led nation and an increasingly isolationist U.S. It has little elbow room ✔ Abe immediately rejected the ruling, calling it impossible under international law



As Tariffs Hit, Supply Chains Become a Hot Topic for Investors

11/10/2018, 12:07:46 PM
Mounting trade tensions, particularly between the U.S. and China, ripple through global supply chains built over the past two decades. Companies are faced with recasting the chains, or passing costs to customers. ✔ Text size For years, U.S. engine maker Cummins crafted alternators, a vital part of its generators, in China ✔ That sharply increased Cummins’ cost to import those alternators for its Power Systems division, expected to be a $4.6 billion business this year ✔ Decisions on supply chains, however, can’t remain ad hoc for long



How Rep. Steve King Almost Lost

11/10/2018, 1:03:31 PM
The white supremacist congressman usually wins re-election in Iowa by over 20 percentage points. This time he won by 3. What changed? ✔ ASSOCIATED PRESS SIOUX CITY, Iowa Yidnekachew Yilma immigrated to the U.S. seven years ago from Ethiopia ✔ Two days after the shooting, the polling firm Change Research published a poll showing King leading Scholten by only 1 percentage point



Australia's diplomacy with China comes in from the cold. Finally.

11/10/2018, 4:22:47 AM
Amid a blizzard of challenging issues, Australia and China agree to get along together, after a year or more of tension. ✔ World Asia International affairs Australia's diplomacy with China comes in from the cold ✔ Jennings added that sometimes diplomatic niceties will conceal underlying differences - the most obvious current case being the emphasis on co-operation in the Pacific when in fact there is clear competition going on there



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