Sunday, August 18, 2019

Saturday, August 17, 2019

Friday, August 16, 2019

Thursday, August 15, 2019

How the Chinese yuan is likely to perform in three trade war scenarios

The trade war between the U.S. and China is turning into a brewing currency war, say analysts. Bank of America Merrill Lynch Global Research predicts what might happen to the yuan in three scenarios.

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Samsung Display considers suspending output at South Korean LCD plant

Rising competition from Chinese rivals, a shift to more advanced OLED panels and slowing demand for smartphones have led to falling off take and weak prices of LCD panels for South Korean display makers.

from World News & Analysis https://ift.tt/33DOoZJ

Wednesday, August 14, 2019

Tuesday, August 13, 2019

Chinese state media urge action, voice support for Hong Kong police after overnight clashes

"Using the sword of the law to stop violence and restore order is overwhelmingly the most important and urgent task for Hong Kong!" a front-page commentary on the overseas edition of the Communist Party's official People's Daily newspaper said.

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Trump advisor Bolton: US would enthusiastically support a UK choice for no-deal Brexit

The United States would enthusiastically support a no-deal Brexit if that is what the British government decided to do, U.S. national security adviser John Bolton said on Monday during a visit to London aimed at reassuring Britain over UK-U.S. ties.

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Monday, August 12, 2019

Samsung introduces the 108-megapixel image sensor in a bid to turn around its fortunes in China

Samsung's new image sensor will be featured first in an upcoming phone by Chinese consumer electronics firm Xiaomi, as the South Korean electronics giant looks to build up a customer base in China again.

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Hong Kong's airport says it will implement flight rescheduling on Tuesday

Hong Kong's airport said on Tuesday it will implement flight rescheduling, with flight movements expected to be affected, after China said protests that halted flights showed "sprouts of terrorism".

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Sunday, August 11, 2019

South Korea to drop Japan as a preferential trade partner

South Korea said on Monday it plans to drop Japan from its "white list" of countries with fast-track trade status from September, a tit-for-tat move that deepens a diplomatic and trade rift between the two countries.

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Protesters clash with police, chant 'liberate Hong Kong' as unrest continues for 10th week

Hong Kong police fired tear gas and charged with batons, marking a shift in tactics during a tenth straight weekend of unrest in the former British colony where many are chafing at Chinese rule.

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Amazon's quest for constant growth is not leaving it with many friends — except for Wall Street

From industry stalwarts to high-profile politicians, seemingly everyone's turning their backs onAmazon these days, with one notable exception: Wall Street. "None of this really concerns me — Everybody hates Goliath," says one analyst.

from World News & Analysis https://ift.tt/31vJagE

Saturday, August 10, 2019

Friday, August 9, 2019

Typhoon forces evacuations, flight cancellations in eastern China

Hundreds of flights were cancelled and a million people were evacuated from their homes as the third-largest typhoon on record in China hit the east of the country, state-run China Central Television (CCTV) reported on Saturday.

from World News & Analysis https://ift.tt/2GWDDYM

Thursday, August 8, 2019

Japan's economy grows more than expected on strong consumer, business spending

Japan's economy grew much more than expected in April-June to mark the third straight quarter of expansion, as robust private consumption and business investment offset the hit to exports from cooling global demand.

from World News & Analysis https://ift.tt/2YXkHPP

Asia Pacific shares set to trade mixed as investors await Chinese inflation data

China's inflation rate for the month of July is set to be released around 9:30 a.m. HK/SIN on Friday. Investors will be looking out for the impact of pork prices, which have been persistently high as a result of an outbreak African swine fever.

from World News & Analysis https://ift.tt/31ycMtX

Wednesday, August 7, 2019

South Korean president says any gains by Japan from trade curbs will be short-lived

South Korean President Moon Jae-in said Japan imposing tighter export curbs against Seoul will undermine Japan's international credibility for using its industrial advantage as a weapon against another country.

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Hong Kong says dollar peg working well, no large outflows

The Hong Kong dollar peg with the U.S. dollar is working normally and there are no signs of large capital flows in or out of the city, despite recent market volatility and social unrest, officials said on Wednesday.

from World News & Analysis https://ift.tt/31v2quN

India central bank cuts rates by 35 basis points to speed up growth

The Reserve Bank of India on Wednesday cut interest rates for a fourth straight meeting in 2019, taking advantage of mild inflation to expand its effort to boost an economy growing at its slowest pace in nearly five years.

from World News & Analysis https://ift.tt/2yG2nzM

Two US senators raise privacy concerns over Facebook's Messenger Kids

Democratic U.S. senators Edward Markey and Richard Blumenthal have written to Facebook questioning whether there was a "worrying pattern" of poor privacy protection for children using its Messenger Kids app.

from World News & Analysis https://ift.tt/2Kv8mwZ

Tuesday, August 6, 2019

China warns India of 'reverse sanctions' if Huawei is blocked

China has told India not to block its Huawei Technologies from doing business in the country, warning there could be consequences for Indian firms operating in China, sources with knowledge of the matter said.

from World News & Analysis https://ift.tt/2Kk2yY7

Monday, August 5, 2019

Sunday, August 4, 2019

China's July services sector grows at slowest pace in five months

"China's economy showed signs of recovery in July, thanks to large-scale tax and fee cuts, as well as ongoing support from monetary policy and government-driven infrastructure investment," says the director of macroeconomic analysis at CEBM Group.

from World News & Analysis https://ift.tt/2YAXE15

29 dead in less than 24 hours: Shootings in Texas and Ohio spark debate on guns and racism

Americans barely had time to process the scale of the tragedy on the nation's southwestern border when violence struck another community, more than a thousand miles away from El Paso in the Midwest.

from World News & Analysis https://ift.tt/31fHNT3

Saturday, August 3, 2019

Friday, August 2, 2019

Thursday, August 1, 2019

Saudi changes allow women to travel without male consent

Saudi Arabia published new laws early Friday that loosen restrictions on women by allowing any citizen to apply for a passport and travel freely, ending a long-standing guardianship policy that gave men control over women.

from World News & Analysis https://ift.tt/2YwFCwV

Japan to remove South Korea from 'white list' of favored trade partners

The decision to drop South Korea from the "white list" comes a month after Japan tightened curbs on exports to South Korea of three high-tech materials needed to make memory chips and display panels.

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