News

Huawei devices on Globe, PLDT, Smart unaffected by trade woes, telcos say

ABS-CBN News
Updated as of May 20 08:04 PM

Globe Telecom and PLDT assured their subscribers on Monday that their services and Huawei devices would not be affected by the US trade ban on the Chinese telecoms giant. Read more »

Huawei owner? Google says services to 'keep functioning' on existing devices

ABS-CBN News
Posted at May 20 03:59 PM

The Trump administration on Thursday added Huawei to a trade blacklist, immediately enacting restrictions that will make it difficult for the company to do business with US counterparts. Read more »

US warship sails near Scarborough Shoal as trade war rages

Idrees Ali, Reuters
Posted at May 20 11:38 AM

The busy waterway is one of a growing number of flashpoints in the US-China relationship, which also include a trade war, US sanctions and Taiwan. Read more »

Asian shares steady after steep losses; Saudi comments lift oil

Andrew Galbraith, Reuters
Posted at May 20 09:28 AM

In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan tacked on 0.6 percent after a steep 3 percent loss the previous week. US S&P 500 e-mini futures also turned higher, rising 0.5 percent following losses on Wall Street on Friday. Read more »

Dell EMC grows notebook, PC business despite trade war threat

ABS-CBN News
Updated as of May 20 09:29 AM

Dell EMC adjusts its supply chain to support demand and make sure that it runs uninterrupted. Read more »

Google suspends some business with Huawei after Trump blacklist: source

Angela Moon, Reuters
Updated as of May 20 11:59 AM

Users of existing Huawei devices who have access to the Google Play Store will still be able to download app updates provided by Google, according to the Reuters source. Read more »

China says economic impact of US trade tensions 'controllable'

Reuters
Posted at May 17 02:54 PM

The National Development and Reform Commission (NDRC) gave its assessment during a press conference held in Beijing. Read more »

Huawei becomes flashpoint in China-US economic showdown

ABS-CBN News
Posted at May 17 08:31 AM

the spat over Huawei added to the uncertainty over negotiations between Washington and Beijing to end a bruising trade war, after the two sides exchanged fire with tariff hikes in recent days. Read more »

Blacklist mess: Huawei's $105-B business at stake after US broadside

Sijia Jiang and Michael Martina, Reuters
Posted at May 16 09:38 PM

The latest US broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world's top supplier of telecoms network equipment. Read more »

Lack of innovation is 'Achilles heel' for China's economy, Xi says

Reuters
Updated as of May 16 01:57 PM

China's technological prowess is still at the low end of the global value chain, and the "reserves" the country has for science and technology are far from enough, President Xi Jinping said.  Read more »

World stocks gain after Trump auto-tariff delay

Lewis Krauskopf, Reuters
Posted at May 16 08:01 AM

Trump is expected to delay a decision on tariffs on imported cars and parts by up to 6 months, 3 administration officials told Reuters. Fears about an escalating global trade war, particularly following a spike in US-China tensions, have rattled markets over the past week. Read more »

Trump bans foreign telecom gear, targeting Huawei

Cecilia Kang and David E. Sanger, The New York Times
Posted at May 16 07:48 AM

Trump issued an executive order instructing the commerce secretary, Wilbur Ross, to ban transactions “posing an unacceptable risk” but did not single out any nation or company. Read more »

US economy showing signs of strain amid escalating trade war

Heather Scott, Agence France-Presse
Posted at May 16 12:52 AM

The US economy is showing more signs of strain amid President Donald Trump's multi-front trade war, with a sharp slowdown in manufacturing and a pullback by American shoppers.   Read more »

World stocks bounce back as Trump downplays US-China trade fight

Lewis Krauskopf, Reuters
Posted at May 15 07:54 AM

Fears that the United States and China were spiraling into a fiercer, more protracted trade dispute that could derail the global economy have shaken investors in the past week. Read more »

iPhones and bras: Chinese imports Trump wants to tax next

Jim Tankersley and Jeanna Smialek, The New York Times
Updated as of May 14 02:32 PM

Trump has threatened to tax nearly every product China sends to the United States, or roughly $300 billion worth of goods. Read more »

Trump to meet Xi after defiant China slaps US with new tariffs

Jeff Mason and Se Young Lee, Reuters
Posted at May 14 07:38 AM

China announced it would impose higher tariffs on a range of US goods including frozen vegetables and liquefied natural gas, a move that followed Washington's decision last week to hike its own levies on $200 billion in Chinese imports. Read more »

World equities sink as US, China exchange trade war salvos

John Biers, Agence France-Presse
Posted at May 14 06:30 AM

The Nasdaq experienced its worst day of 2019 after Beijing announced it would increase tariffs on $60 billion worth of US goods from June 1. Read more »

China to impose tariffs on US goods despite Trump warning

Makini Brice and Ben Blanchard, Reuters
Posted at May 13 10:07 PM

China said on Monday it would impose higher tariffs on a range of US goods, striking back in its trade war with Washington shortly after US President Donald Trump warned it not to retaliate. Read more »

China defiant toward US on trade, Trump adviser urges strong steps

Humeyra Pamuk and Ben Blanchard, Reuters
Posted at May 13 08:17 AM

The tariffs are not paid by the Chinese government or by firms located in China. They are paid by importers of Chinese goods, usually American companies or the US-registered units of foreign companies. Read more »

China expresses regret over US tariff hike, vows countermeasures

Reuters
Posted at May 10 01:36 PM

China's Commerce Ministry said in a short statement that it hoped the United States could meet China halfway and resolve the issue through cooperation and consultation. Read more »