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Trade War SERIES 437

2018-12-06T08:03:32.649Z
'A slow-motion catastrophe': on the road in Venezuela, 20 years after Chávez's rise The Guardian travels across the nation the late Hugo Chávez dreamed of transforming, to understand its collapse The latrines at Simón Bolívar international airport in Caracas overflow with urine; the taps are bone dry Photograph: Tom Phillips for the Guardian No life has been untouched and Guevara, 53, is no exception In February his wife, Glenda, set off overland for Peru with a group of 15 relatives Additional reporting Patricia Torres and Clavel Rangel
2018-12-06T07:49:34.591Z
Huawei founder's daughter arrested on U.S. request, clouding China... The daughter of Chinese tech giant Huawei's founder has been arrested in Ca... China must become accustomed to this new environment of struggle and treat all of the U.S. government’s promises with caution Samsung Electronics fell 2.3 percent, while Chinasoft International Ltd sank as much as 13 percent Our Standards:The Thomson Reuters Trust Principles
2018-12-06T07:44:15.813Z
Optimism in China after US trade thaw but hard work just starting With chances of G20 breakthrough always slim, experts say brief truce and restart of negotiations was next best thing. In a statement last month, the US Trade Representative's office said China was continuing unfair practices, alleging that Beijing's IP and technology transfer policies are causing multibillion dollar worth of damages to US companies It's absolutely more of a very negative sentiment out there
2018-12-06T07:33:41.791Z
Dow futures off 300 points as arrest of Huawei exec reignites trade worries U.S. stock futures were deep in negative territory on Thursday as the arrest of a Chinese tech executive threatened to reignite concerns over a U.S.-China trade war. Investors are also facing a heavy load of economic data Thursday and the start of a two-day OPEC meeting Subscribe to MarketWatch's free Need to Know newsletter Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid We Want to Hear from You Join the conversation Comment
2018-12-06T07:30:14.299Z
Exclusive: Tesla, smarting from trade war, seeks bids for China... Tesla Inc has opened a tender process to build its Shanghai Gigafactory and at l... SHANGHAI (Reuters) - Tesla Inc has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent Shanghai Construction Group did not respond to a request for comment An official at Baoye parent China Metallurgical Group Corp [CNMET.UL], a Minmetals firm, confirmed involvement Our Standards:The Thomson Reuters Trust Principles
2018-12-06T07:01:37.441Z
U.S. stock futures slip, Asia follows after Canada arrests Huawei CFO U.S. stock futures and Asian shares tumbled on Thursday after Canadian authoriti... But the mood has quickly soured on scepticism that the two sides can reach a substantive deal on a host of hugely divisive issues within the tight 90-day time frame set out The benchmark Treasury 10-year yield fell 1.8 basis points to 2.903 percent, near Tuesday’s three-month low of 2.885 percent Our Standards:The Thomson Reuters Trust Principles
2018-12-06T07:01:35.104Z
Xi has tied his own hands in the trade war Reversing Communist Party policy risks more damage than Trump tariffs While Xi looks for concessions to offer Trump, he has no choice but to reject any U.S. demands that would shake the very foundations of China's great power policy But the current circumstances almost guarantee that the meeting will take place during the next 90-days The countdown to the end-February deadline for the latest round of Sino-U
2018-12-06T06:51:07.458Z
Huawei exec's arrest sends shudders through stock markets The arrest of a top Chinese tech executive at the request of the United States has sent shock waves through stock markets. Stephen Innes, head of Asia-Pacific trading at investment firm Oanda, linked the losses directly to Meng's arrest It's as strong a message to China's elites as a horse's head in your bed, he wrote in a note to clients, referencing a famous scene from mafia movie The Godfather
2018-12-06T06:50:23.995Z
European markets seen lower after Canada arrests Huawei CFO European stocks are set to open lower Thursday morning, amid fears of a fresh flare-up in tensions between the world's two largest economies. The U.S. and China had agreed to temporarily hold off on imposing additional charges against each other's goods over the weekend The 15-member group and its allied partners are widely expected to impose steep output restrictions from January, in order to prop up tumbling oil prices
2018-12-06T06:49:00.357Z
Trump fears political price from oil spike, market turmoil President Donald Trump is fretting about two rising global challenges that threaten a political gut punch as he gears up for his 2020 election bid -- a possible oil price hike and market shocks triggered by his trade wars. Democrats plan to probe any financial links between Trump and the Saudis when they take control of the House of Representatives in January Trump denied the report, but it added to the impression that the President is increasingly concerned about how the economic turbulence abroad could weaken his political viability at home
2018-12-06T06:23:20.136Z
Asian shares skid as Huawei CFO arrest revives trade jitters TOKYO (AP) — Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's Hang Seng index tumbled 2.7 percent to 26,081.73 and Japan's benchmark Nikkei 225 fell 2.5 percent to 21,373.83. Australia's S&P/ASX 200 lost 0.2 percent to 5,657.60, while South Korea's Kospi sank 1.6 percent to 2,068.56. The Shanghai Composite index dropped 1.7 percent to 2,6043.91. Shares also fell in Taiwan and all other regional markets. But they’ve since fallen back amid confusion over what the two sides agreed to and whether the deal will enable Beijing and Washington to resolve longstanding, profound differences over technology policy and other issues CURRENCY: The dollar slipped to 112.70 yen from 113.20 yen
2018-12-06T06:04:32.240Z
Oil's sharp price drop fuels questions for stock market U.S. stock investors are wary that a 30 percent slump in oil prices will pressur... Somewhere in the $50-60 level, it’s probably a good level for the market, because producers are making enough money and it’s also helping the consumer, said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta Our Standards:The Thomson Reuters Trust Principles
2018-12-06T05:13:01.833Z
Top Huawei executive arrested in Canada at US request She is pictured at VTB Capital's RUSSIA CALLING investment forum in Moscow on Oct. 2, 2014 The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng, the spokesperson said Other countries, including Canada, are considering the move
2018-12-06T04:49:17.758Z
America is paying an awful price for Trump The rise and fall of the stock market this week -- due to Trump's claims that trade with China is looking up, followed by a sweeping realization that his claims might be false -- is evidence that the President, and America as a whole, has lost the trust of everyone except Trump's base, writes Frida Ghitis MUST WATCH Dow dives as enthusiasm for Trump's trade truce fades 01:11 Frida Ghitis, a former CNN producer and correspondent, is a world affairs columnist The opinions expressed in this commentary are those of the author; view more opinion articles on CNN For one, Trump will leave America's fiscal house on a creaking foundation
2018-12-06T04:40:39.580Z
Infographic: Tech Heavyweights Lose $141 Billion In Market Cap The widely watched FAANG group of tech companies (Facebook, Apple, Amazon, Netflix and Google/Alphabet) saw their share prices drop by 4.5 percent on average, collectively erasing $141 billion in market capitalization. Photo: IBT/Statista After a brief respite on Monday that saw share prices climb in hope of a truce in the ongoing trade war between China and the United States, things turned sour again on Tuesday, erasing all of Monday’s gains and then some Tuesday’s sell-off added another chapter to a fall that couldn’t have gone much worse for some of the world’s most famous technology companies
2018-12-06T04:34:08.221Z
Huawei Responds To CFO's Arrest In Canada For Extradition To The U.S. Huawei Technologies Chief Financial Officer Meng Wanzhou is facing extradition to the U.S. after she was arrested in Vancouver, Canada, on Saturday. Meng, who is the daughter of Huawei’s founder Ren Zhengfei, holds the positions of CFO and deputy chairman at the company. The arrest is thought to stem from violations of U.S. sanctions, according to various reports Founded by Ren in 1987, Huawei has grown to become the world’s largest provider of telecom equipment, and the world’s No. 2 seller of smartphones The company reported that is total revenue for 2017 jumped 29% to reach $92.5 billion, and just over half of that was earned inside its domestic market
2018-12-06T04:17:58.359Z
China hails ‘mutual respect’ as Portugal joins belt initiative LISBON--China will always stick to During Xi's visit, Portugal and China signed a memorandum of understanding on cooperation on Beijing's belt and road initiative--which promotes expanding land and sea links between Asia, Africa and Europe, with billions of dollars pledged for infrastructure development
2018-12-06T04:16:41.309Z
Trump’s push for tariffs squeezes a slowing global economy NEW YORK--The global economy was already showing signs of a slowdown when U.S. President Donald Trum Italy is suffering from uncertainty over its economic outlook under a new populist government The bottom line: Tariffs don't in fact make Americans richer, York said Tariffs reduce incomes for American taxpayers, and the effect is greater for middle and lower-income families
2018-12-06T04:16:37.803Z