China is winning the trade war with America
11/16/2018, 5:40:02 AMundefined ✔ (Or, as some of Mr Trump’s own advisers used to half-jokingly tell him, with limited success, the easiest way to solve a trade deficit is to create a recession.) A second contributing factor might be a time lag issue: American companies have scrambled to stockpile imports to protect themselves from the trade disruptions
Citi says clients are making business adjustments due to trade war
11/16/2018, 1:32:58 AMCiti polled 64 of their clients and found that more than half have plans to adjust their supply chains, including shifting manufacturing sites or investing in new ones to circumvent further tariffs. ✔ This client poll underlines how companies are already proactively adjusting to the realities of the trade tensions, Rajesh Mehta, the bank's head of treasury and trade solutions for Asia Pacific, said in a statement ✔ Citi's treasury and trade solutions business is one of its largest revenue contributors under the bank's institutional clients group, which also includes corporate and investment banking, markets and private banking
El Niño gives warm relief to China’s soyabean importers
11/16/2018, 4:08:29 AMundefined ✔ Ahead of this month’s G20 talks that could cool the Sino-US trade war, another issue on soyabean traders minds’ is El Niño ✔ In its latest forecasts for the current crop year, the USDA downgraded its soyabean trade figures, reflecting China’s shift to Brazil
Fast Europe Open: Italy industrial orders, eurozone consumer prices
11/16/2018, 6:49:06 AMundefined ✔ Asia-Pacific equities put in a mixed performance on Friday as optimism over the US-China trade war failed to take hold ✔ Hong Kong’s Hang Seng switched between gains and losses and was flat an hour into afternoon trading ✔ 09.00: Italy industrial orders 10.00: eurozone consumer prices
Opinion | America Is Not an Island
11/16/2018, 1:10:55 AMAs the world economy slows, Trump and the Fed need to adapt. ✔ A disorderly Brexit could also usher in a socialist Labour government led by Jeremy Corbyn, and watch the pound fall if that happens ✔ All of this is a warning for Mr. Trump and others in Washington: No moat can protect the U.S. economy, and they need to adapt ✔ Appeared in the November 16, 2018, print edition
Japan's exports to rebound in October, core CPI steady: Reuters poll
11/16/2018, 6:36:05 AMJapan's exports likely rebounded in October after falls led by a series of ... ✔ Although the U.S. economy is solid, the economies in other areas are softening, which are seen impacting on global trade, thus on Japan’s exports ✔ The finance ministry will publish the trade data at 8:50 a.m. on Nov. 19 (2350 GMT, Nov. 18) ✔ Our Standards:The Thomson Reuters Trust Principles
Asian equities have already priced in most bad news on trade: AIA...
11/16/2018, 2:54:54 AMAsian equity markets have already discounted much of the bad news about the trad... ✔ They have a combined $33.4 billion of bonds maturing in the first quarter of 2019, according to Refinitiv data ✔ Of that, $5 billion is offshore, the rest in mainland yuan-denominated bonds ✔ Follow Reuters Summits on Twitter @Reuters_Summits Our Standards:The Thomson Reuters Trust Principles
Why America struggles to sell LNG in Europe
11/16/2018, 6:24:08 AMIt looks unlikely to challenge the pre-eminence of pipelined Russian gas ✔ Mr Perry said the deal was a signal across Europe that this is how your energy future can be developed ✔ European leaders began looking for alternative gas supplies, including American LNG ✔ Ensuring that President Donald Trump’s trade war with China doesn’t close off this market is more important to American LNG suppliers than any deal signed in Europe
Opinion | A Trade Deficit Isn’t A Mortgage
11/16/2018, 1:10:58 AMNavarro’s odd analogy offers a glimpse into the protectionist mind. ✔ When Americans send dollars abroad to buy Chinese shoes, those dollars will likely come back in the form of capital inflows ✔ That’s why the U.S. capital account, which measures net investment in the country, has a capital surplus equal to the U.S. trade deficit ✔ Appeared in the November 16, 2018, print edition
After overtaking Apple in smartphones, Huawei is aiming for No. 1 by 2020
11/16/2018, 5:00:20 AMRichard Yu, CEO of Huawei's consumer business gave insights into how the smartphone business at the Chinese tech firm grew so quickly and is focusing on future innovations like artificial intelligence. ✔ The Chinese technology giant has not been afraid to jump into new consumer products including laptops and smart speakers ✔ With new products like its speaker and wearable devices, Yu is aiming to create an ecosystem of smart devices ✔ We want to take a leading role in the next ten years to become a whole solution smart life provider, Yu told CNBC
China emerges as powerbroker in global climate talks
11/16/2018, 5:28:58 AMundefined ✔ If the US and China could agree, usually everybody would fall into place behind them, said one negotiator who worked on the Paris agreement ✔ The country’s official target for carbon reduction it has pledged to reduce emissions after 2030 is not compatible with the cuts needed to meet the Paris pledge to limit global warming to well below 2C
Trump’s summit no-show draws Asian nations closer
11/16/2018, 4:10:35 AMSINGAPORE--U.S. President Donald Trump didn't make it to this week's summit of Asian nations in Sing ✔ Another fretted that the international order could splinter into rival blocs ✔ Vice President Mike Pence, who represented Trump in Singapore, told the meeting that United States' commitment to the Indo-Pacific is steadfast and enduring ✔ The choices of Southeast Asian states in the end bear some responsibility
Analysis | After flopping in Europe, can the White House succeed in Asia?
11/16/2018, 6:25:43 AMVice President Pence might calm things down on his Asia trip, but Trump's absence could backfire. ✔ By Ishaan Tharoor Ishaan Tharoor Reporter covering foreign affairs, geopolitics and history Email Bio Follow November 16 at 12:59 AM The week began with President Trump lashing out after another rancorous trip to Europe ✔ He’s just a bull carrying his own china shop with him whenever he travels the world, presidential historian Douglas Brinkley said to The Post
Bangkok's $1.6bn megamall: Masterstroke or white elephant?
11/16/2018, 4:18:21 AMSiam Piwat's Iconsiam joins crowded field facing e-commerce and tourism headwinds ✔ One big potential problem: The Thai capital is already packed with large shopping centers facing gathering headwinds ✔ The Mall Group, which runs the Emporium and Emquartier shopping centers, plans to add another called Emsphere in 2020 ✔ You cannot judge the success of a mall by seeing how it performs for its first week, Pitchon said
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