THE US-CHINA TRADE IMPASSE The deadlock is not about to be resolved any time soon. We have not heard all that much from the Chinese government directly but editorials from Chinese media are now giving us a sense of the way Beijing is viewing the current impasse. The People’s Daily wrote that “at no time will China forfeit the country's respect” while The Global Times said “the perception that China cannot bear it (a trade war) is a fantasy and misjudgment”. So what? That the debate is now being framed, not in purely economic terms, but in terms of respect and dignity will make a deal that much harder to reach. There is very little room when one is negotiating with dignity on the line. Trade talks have come back from the brink before, but given the perception of Beijing in Washington is worsening, and vice versa, few are predicting a rapid end to the trade war. What if talks fail: Expect a significant fallout that will impact the global economy. The … [Read more...] about Asian Insider May 13: What if trade talks fail?
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By Avantika Chilkoti WSJ Michael Wursthorn WSJ Wed., May 8, 2019 Major U.S. stock indexes rose slightly Wednesday after President Trump tweeted that Chinese officials were coming to make a deal, injecting some optimism into a market on edge over resurgent trade fears. Stocks from shares of technology companies to industrial manufacturers gained momentum early in the trading session to pull all three major indexes higher. The gains have so far stopped a harsh two-day stretch of declines after President Trump’s threat Sunday to slap higher tariffs on billions of dollars of Chinese imports. The Dow Jones Industrial Average was recently up 81 points, or 0.3%, to 26054, while the S&P 500 added 0.3%. The Nasdaq Composite gained 0.4%. The newfound optimism followed the president’s latest tweet, saying China had “just informed us” that they are “now coming to the U.S. to make a deal,” a comment that appeared to shore up markets. … [Read more...] about Global stocks mixed as uncertainty over trade talks persists
TOKYO (REUTERS) - Asian equities tracked a Wall Street rout when markets opened on Wednesday (May 8) as the latest developments in the US-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent, stooping to its lowest level since late March. Japan's Nikkei tumbled 1.5 per cen, South Korea's Kospi fell 1 per cent and Australian stocks declined 0.35 per cent. Wall Street stocks slid on Tuesday, with the S&P 500 losing 1.65 per cent and the Dow shedding 1.8 per cent on the US-China trade concerns. Global stocks had a rocky start to the week after Washington on Monday accused Beijing of backtracking from commitments made during trade negotiations. That followed President Donald Trump's unexpected statement on Sunday that he would raise tariffs on US$200 billion worth of Chinese goods to 25 per cent from 10 per cent. Beijing said on Tuesday that Chinese Vice … [Read more...] about Asia stocks track Wall Street slide as US-China trade fears grow
Business Asian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds. 08 May 2019 08:41AM Bookmark TOKYO: Asian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, stooping to its lowest level since late March.Australian stocks declined 0.35 percent, South Korea's KOSPI fell 1 percent and Japan's Nikkei was down 1.5 percent.Wall Street stocks slid on Tuesday, with the S&P 500 losing 1.65 percent and the Dow shedding 1.8 percent on the U.S.-China trade concerns.Global stocks had a rocky start to the week after Washington on Monday accused Beijing of backtracking from commitments made during trade negotiations. … [Read more...] about Global stocks slip, bonds rally as US-China trade fears grow
Watch more in iWant or TFC.tv MANILA -- Ruffa Gutierrez's daughters Lorin Gabriella and Venice on Wednesday clarified that, contrary to misconceptions, they do talk to their father, Turkish businessman Yilmaz Bektas. Appearing on "Magandang Buhay," the sisters opened up about their relationship with their father. "We always call each other together," Venice said. "We do talk to our dad, like not very often but enough." "We usually FaceTime him. There's a misconception po na we don't talk to him at all and have no contact. But we are super friendly naman with our Turkish side po. We follow everyone on Instagram, we always comment on each other's posts," Lorin added. Lorin and Venice shared that they even get to check on their half-sister. "We call her like once a month and she always checks on us," Venice said. "Parang there's also a language barrier din po. His first language is Turkish; then ours is English. So there's a language barrier na we never learned Turkish. 'Yung tinuro … [Read more...] about News ‘We do talk to our dad’: Ruffa’s daughters clear misconception