Post Tagged with: "US China trade war"

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100’s surge topped […]

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

The annual CES consumer electronics trade show in Las Vegas – the biggest technology and consumer electronics exhibition in the world, with around 175,000 expected attendees and 4,000 exhibitors – will kick off this week with about 20 per cent fewer Chinese merchants. Not a big surprise perhaps, given the […]

Tesla urges tariff exemption for Chinese-made computer car ‘brain’

Tesla urges tariff exemption for Chinese-made computer car ‘brain’

Tesla has asked the Donald Trump administration to exempt the Chinese-made computer “brain” of its new Model 3 car from 25 per cent tariffs imposed in August, saying they threaten the electric carmaker’s bottom line. “Increased tariffs on this particular part cause economic harm to Tesla, through the increase of […]

Bipartisan US bill seeks to toughen Donald Trump’s approach to China

Bipartisan US bill seeks to toughen Donald Trump’s approach to China

This story is published in a content partnership with POLITICO. It was originally reported by Martin Matishak on on January 4, 2019. A bipartisan pair of Senate lawmakers proposed legislation on Friday to compel the Trump administration to take a stronger stance against digital and technological threats from countries such […]

Inside the US delegation for China trade war talks: Washington’s big guns will be absent

Inside the US delegation for China trade war talks: Washington’s big guns will be absent

The US delegation that will head to Beijing on Monday for the next round of trade war negotiations will lack some of the high-ranking officials who took part in previous high-stakes meetings, the United States Trade Representative‘s Office confirmed on Friday. US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin […]

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

The effectiveness of a move by China’s central bank to inject up to an expected 700 billion yuan into the world’s second largest but worryingly slowing economy is difficult to calculate given the lack of transparency in the monetary policy, warned a chief economist. The People’s Bank of China (PBOC) […]

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

Arresting a deepening economic slowdown, not making “baseless” deep-rooted structural reforms, should be the top priority for China’s economy in 2019, a senior economist said. Yu Yongding believes Beijing needs to take every possible measure, including increasing money supply and boosting fiscal spending, to prevent the world’s second largest economy […]

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple has lowered its outlook for fiscal first-quarter revenue after an unexpected slowdown in demand from China and fewer upgrades to iPhone models. The announcement late on Wednesday sent Apple shares plunging. The company now expects revenue of about US$84 billion in the quarter ended December 29, chief executive Tim Cook […]

Baidu CEO warns that ‘winter is coming’ amid slowing growth, economic restructuring

Baidu CEO warns that ‘winter is coming’ amid slowing growth, economic restructuring

Baidu chief executive Robin Li Yanhong warned that “winter is coming” as China’s economy shifts to a lower gear, while challenging employees at the company he co-founded to step up their game. While economic restructuring is “as cold and real as winter to every company,” Li said in a letter […]

China economy endures bad start to 2019 as private data highlights weakening manufacturing sector

China economy endures bad start to 2019 as private data highlights weakening manufacturing sector

China’s slim hopes of an economic upturn in 2019 suffered a blow on the first working day of the new year as a privately compiled economic gauge showed signs of weakening manufacturing activities. The Caixin Purchasing Managers’ Index (PMI), which tracks the activities of small and medium-sized enterprises, dipped below […]