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Trade War - SERIES 340 {11 articles}

Trade war and censors blow chill wind through China's giant tech scene

11/12/2018, 11:21:37 PM
Wang Miaoyi's small one-bedroom apartment, which doubles as her design stud... ✔ Normally businesses do innovation and governments talk innovation ✔ This year Alibaba has lowered its revenue forecast for the first time since listing in 2014 ✔ (In 2015) I bought my first vehicle because you could earn almost 800 yuan a day with the subsidies, says Huang Sun, who used to drive full-time for the company but now says he only takes rides when he is bored ✔ Our Standards:The Thomson Reuters Trust Principles


Volvo rips up production plan as U.S.-China trade war slams profits - Los Angeles Times

11/12/2018, 9:28:24 PM
Only a few months after opening its first U.S. plant in South Carolina, Chinese-owned Volvo has canceled plans to export the S60 sedans built there to China. Volvo also will stop U.S. imports of XC60 sport utility vehicles from China and dramatically reduce shipments of S90 sedans built there. ✔ Volvo Cars is shredding production plans drawn up for much of its lineup in an effort to dodge tariffs the U.S. and China have slapped on auto imports ✔ Volvo also will stop U.S. imports of XC60 sport utility vehicles from China and dramatically reduce shipments of S90 sedans built there ✔ China’s Xi Jinping returned fire by lifting levies on American autos to 40%


Starbucks CEO: 'We're not immune' to the trade war, but we're 'playing the long game' in China

11/12/2018, 11:33:35 PM
Jim Cramer speaks with Starbucks CEO Kevin Johnson, who says that his coffee giant's business in China has been built "in China, for China." ✔ I think by engaging with an attitude of optimism and 'How can we collaborate to create a better environment for all,' we can find great paths forward ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website


Cisco earnings: Tariffs could throw a wrench into strong sales momentum

11/12/2018, 11:54:49 PM
Cisco Systems Inc.’s strong year may hit speed bumps going into 2019 as higher prices and uncertainty in the U.S.-China trade war raise the possibility that businesses may cut back on enterprise spending to weather the effects of tariffs. ✔ Cisco predicted revenue of $12.74 billion to $12.99 billion ✔ Subscribe to MarketWatch's free Tech Daily newsletter ✔ Wallace Witkowski Wallace Witkowski is a MarketWatch news editor in San Francisco ✔ We Want to Hear from You Join the conversation Comment


I'll be 'surprised' if Trump is re-elected: Malaysian Prime Minister Mahathir

11/12/2018, 10:28:05 PM
"As you can see from the midterm elections, he has not done so well. The chances of him getting a second term is a bit bleak at the moment," the Malaysian leader told CNBC. ✔ Lai Seng Sin | Reuters Mahathir Mohamad, former Malaysian prime minister and opposition candidate for Pakatan Harapan (Alliance of Hope) reacts during a news conference after general election, in Petaling Jaya, Malaysia, May 9, 2018 ✔ He added he's not sure the expected G-20 meeting between Trump and Chinese President Xi Jinping would yield any compromise or breakthrough in the trade tensions between the world's two largest economies


Five factors weighing on Tencent’s third-quarter earnings

11/12/2018, 10:12:08 PM
undefined ✔ Today, it is worth 80 per cent of its Silicon Valley-based peer, having struggled with regulatory roadblocks, increased competition and weak sentiment as a result of the China-US trade war ✔ Chinese car sales fell almost 12 per cent last month, compared with a year earlier ✔ Of the 50 analysts tracked by Bloomberg, just one has a sell recommendation


Facebook shares close at lowest price since April 2017 as tech stocks plunge

11/12/2018, 9:12:12 PM
Shares of Facebook fell on Monday to their lowest close since April 2017 as U.S. stocks declined across the board. The company has endured a turbulent year in 2018 tied to the spread of fake news and its handling of user data. ✔ But of the most valuable U.S. tech companies, only Facebook has fallen so much of late that it's down for the past year ✔ WATCH: Bots, humans both spreading false narratives online before elections Expert: Bots, humans both spreading false narratives online before elections    4:07 PM ET Tue, 6 Nov 2018 | 03:59


Pence in Japan to discuss trade, N Korea

11/12/2018, 10:24:19 PM
U.S. Vice President Mike Pence arrived in Tokyo on Monday to discuss North Korea and other issues with Japanese officials before heading to two regional summits. Pence is expected to also discuss China's growing regional influence and bilateral trade with Japanese Prime Minister Shinzo Abe when they meet Tuesday, officials… ✔ Pence also stressed American commitment to the security and prosperity of the Indo-Pacific region to keep it free and open ✔ He said the U.S. will continue to put diplomatic and economic pressure on North Korea and urged all Indo-Pacific nations to keep the pressure campaign and sanctions in place until the complete denuclearization of North Korea is achieved ✔ This material may not be published, broadcast, rewritten or redistributed.


The Dow Tumbles 602 Points Because All the News Looks Bad

11/12/2018, 10:04:54 PM
Apple’s product-demand concerns and a cloud hanging over Goldman Sachs dampened Monday’s mood. The Trump administration is reportedly looking to broaden its trade battle with China. ✔ The stock market was pressured on Monday with bad news on multiple fronts ✔ The Wall Street Journal reported today that the Trump administration is looking to broaden its battle with China beyond tariffs ✔ However, there are other election-related patterns worth noting


Opinion | Trump is cracking

11/12/2018, 10:15:14 PM
He's losing it -- and his grip on power. ✔ President Trump looks on during the American Commemoration Ceremony at the Suresnes American Cemetery in Paris on Sunday ✔ To the contrary, congressional oversight should expose the president’s wrongdoing, and the House should certainly sanction him for it


'Ababis' and 'Star Wnrs': Knockoffs thrive in China e-commerce

11/12/2018, 9:56:17 PM
Sneakers on a popular Chinese e-commerce platform look like Adidas, but are branded "Ababis". Underwear resembling Calvin Klein are called "Caiwen Kani". Toys with an uncanny resemblance to a certain blockbuster movie franchise opt for "Star Wnrs". As China held its massive annual "Singles Day" online sales event on Sunday,… ✔ I can't really tell the difference, said Li, a 26-year-old man staring at a pair of Caiwen Kani underwear ✔ It's pure hypocrisy, said Hubert Ricard, an export consultant for French wine company La Guyennoise, complaining that some provincial authorities are very often part of manufacturing and distribution of copies of wines


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