Honda to shift production of SUV to China from US amid trade war
11/12/2018, 9:27:16 AMJapanese automaker aims to avoid higher auto tariffs ✔ Sales of the new China-made Acura RDX will start by the end of this year ✔ By shifting production, Honda aims to improve cost competitiveness and capture more local demand ✔ It is targeting annual sales of the new RDX of more than 10,000 units, over 10 times the previous target
China calls for open world economy but work remains on landmark...
11/12/2018, 11:02:40 AMChina will further open its economy in the face of rising protectionism, Premier... ✔ Li said China would work with all relevant parties to expedite negotiations on the Regional Comprehensive Economic Partnership (RCEP), showcased to be a free trade deal that will encompass more than a third of the world’s GDP ✔ Our Standards:The Thomson Reuters Trust Principles
Ex-lawmaker wins leadership award in Malaysia
11/12/2018, 8:07:34 AMundefined ✔ It added that extensive work in promoting sustainable economic growth, democracy and human rights, integration and regional cooperation through Asia Future Institute ✔ Past winners of the award include the late Nelson Mandela of South Africa, former U.S. Secretary of State Hilary Clinton, Aung San Suu Kyi of Myanmar and Malaysian Prime Minister Mahathir bin Mohamed, according to the APBF
Malaysia and Singapore downplay differences amid growth slowdown
11/12/2018, 8:38:06 AMPM Mahathir speaks of cooperation, avoiding thorny bilateral issues ✔ We have a role to play in this region, and together I think we can be very effective in helping the whole region to grow, Mahathir said ✔ Malaysia and Singapore, the two most open economies in Southeast Asia, are likely to be the hardest hit by the U.S.-China trade war, OCBC Bank said in a July report
Foreigners sold Asian equities in October on worries over trade,...
11/12/2018, 9:15:26 AMForeign investors sold Asian equities heavily in October on concerns over slowin... ✔ The region’s growth worries were highlighted by the International Monetary Fund in the last month, which cut its projection for next year, citing trade wars and monetary tightening in some economies ✔ At the start of this month, the U.S. President Donald Trump said that he will likely make a deal with China on trade, but warned that he still may impose more tariffs on Chinese goods ✔ Our Standards:The Thomson Reuters Trust Principles
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Alibaba’s Singles Day sales dwarf Amazon’s biggest day
11/12/2018, 10:40:30 AMBut there’s reason to be skeptical of Alibaba’s reporting ✔ Jack Ma co-founded the e-commerce giant which has popularized the shopping holiday ✔ Alibaba is better thought of as a platform for everything from takeout apps to supermarkets and even film production ✔ The country’s ongoing trade war with the US is another contributing factor
Malaysia, Singapore shares slip on weak financial, palm oil plays
11/12/2018, 10:32:22 AMUS rate hike, trade worries dominate investor sentiment, crude price edges higher ✔ Meanwhile, oil prices snapped a 10-day losing streak after Saudi Arabia's energy minister announced a 500,000-barrel per day reduction in oil supply ✔ ComfortDelGro also advanced 1.4% despite a 2% fall in third quarter net profit to S$78.5 million on the back of S$967.9 million revenue
China’s ferocious missile power shown off with J-20 stealth fighters in WW3 warning
11/12/2018, 11:29:41 AMCHINA has been flexing its military muscles with a sabre-rattling missile display at the country’s largest airshow. ✔ A Chinese J20 fighter opens its missile bay doors (Image: GETTY) Chinese J-20 fighter gives an awesome display of sheer power (Image: GETTY) The two sides discussed the bitter ongoing trade dispute, freedom of navigation in Asia-Pacific waters, self-ruled Taiwan and China's crackdown on its Muslim minority in Xinjiang
Asia stocks decline as Tencent, Celltrion slide
11/12/2018, 11:43:26 AMSoft Jaguar Land Rover sales in October weigh on Tata Motors ✔ Lenders had dropped late last week after China Banking & Insurance Regulatory Commission Chairman Guo Shuqing called for an increase in credit support for the private sector ✔ In return, Grab will be able to use UOB's payment systems in its app and tap the lender as a credit card partner in Singapore, Indonesia, Malaysia, Thailand, and Vietnam
China’s debt mountain ‘to fall’ as share of GDP next year
11/12/2018, 10:19:12 AMundefined ✔ While this index has also fallen markedly in the past two years, it remains at 10.7 per cent, somewhat higher than Pictet’s figure, as illustrated in the final chart ✔ Mr Zweifel added: Emerging Asia has the highest levels of excess debt on the corporate side, especially Greater China, Singapore, Indonesia and Thailand
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