News Articles on {?keyword?} | ABS-CBN News

US-China partial trade deal: the main points

Agence France-Presse
Posted at Oct 12 09:32 AM

Here are the main points of the agreement, which has yet to be signed. Read more »

Embattled Trump takes victory lap on China trade deal

Douglas Gillison, Reuters
Updated as of Oct 12 08:45 AM

Trump hailed a breakthrough on an initial deal that included a surge in purchases of American farm products and also covers intellectual property, financial services and currencies. Read more »

US-China trade war seen cutting global growth by half a point next year

Reuters
Posted at Oct 09 10:04 PM

The trade war between the United States and China could cut global growth by 0.5 points next year, French Finance Minister Bruno Le Maire said on Wednesday. Read more »

Dollar supported as fears of ramp up in Sino-US trade war ease

Tom Westbrook, Reuters
Posted at Sep 30 09:13 AM

The dollar was supported on Monday in cautious trade as worries of an immediate widening of the Sino-US trade war eased and markets awaited the latest Chinese manufacturing data for a glimpse into the health of the world's second-largest economy. Read more »

Little change in most Asian currencies; Philippine peso top gainer

Shreya Mariam Job, Reuters
Posted at Sep 27 05:57 PM

Most Asian currencies were little changed on Friday as investors weighed the political situation in the United States and waited for developments on the US-China trade war front. Read more »

ADB lowers growth outlook for Philippines amid slower spending

ABS-CBN News
Posted at Sep 25 03:10 PM

ADB now sees the Philippines growing at just 6 percent this year, down from its 6.2 percent outlook in July and 6.4 percent April.  Read more »

World's richest families fret about geopolitics, climate change

Carolyn Cohn, Reuters
Posted at Sep 24 07:52 AM

The world's richest families are worried about the US-China trade spat, Brexit, populism and climate change and are keeping more of their money in cash, according to a survey of family offices by the world's largest wealth manager. Read more »

Expert urges countries to have free-floating exchange rates

ABS-CBN News
Posted at Sep 20 11:38 PM

Amid the protracted US-China trade war, an expert called on governments to have free-floating exchange rates to help achieve trade balance. Read more »

Trump delays tariff hike on some Chinese goods by 2 weeks

Reuters
Posted at Sep 12 08:15 AM

Trump said the postponement came "at the request of the Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary." Read more »

Supply chain consultant: PH should improve infrastructure, talent to attract investors

ABS-CBN News
Posted at Sep 06 10:49 AM

A supply chain management consultant tells #ANCEarlyEdition that the country is losing out to countries like Vietnam because of uncompetitive supply chains, bogged down by poor infrastructure and the lack of talent. He believes the education curriculum should add more focus on supply chain and operational management. Read more »

China, US kick off new round of tariffs in trade war

Ben Blanchard and Steve Holland, Reuters
Updated as of Sep 02 08:35 AM

The United States began imposing 15 percent tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - as China began imposing new duties on US crude, the latest escalation in a bruising trade war.  Read more »

China's yuan sinks to lowest in 11 years amid trade tension

Agence France-Presse
Updated as of Aug 26 11:43 AM

China's currency on Monday slid to its lowest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets. Read more »

'I am the Chosen One': Trump defends China trade war

Agence France-Presse
Updated as of Aug 22 07:25 AM

Trump said his predecessors had allowed the United States to be taken advantage of on trade and intellectual property and it had befallen him to undo the damage.   Read more »

Huawei gets another 90 days to buy from US suppliers

David Shepardson and Karen Freifeld, Reuters
Posted at Aug 20 08:18 AM

The extension, dated Thursday and first reported by Reuters on Friday, was announced by US Commerce Secretary Wilbur Ross, even though President Donald Trump suggested on Sunday that no such reprieve would be granted. Read more »

US and China seeking to revive trade talks: Trump adviser

Christophe Vogt, Agence France-Presse
Posted at Aug 19 06:06 AM

If calls between both sides' deputies pan out in the next 10 days "and we can have a substantive renewal of negotiations," Larry Kudlow said on "Fox News Sunday," "then we are planning to have China come to the USA and meet with our principals to continue the negotiations." Read more »

Hong Kong on brink of recession as trade war, political protests escalate

Reuters
Posted at Aug 16 09:01 PM

HONG KONG - Hong Kong is on the verge of its first recession in a decade as increasingly violent anti-government protests scare off tourists and bite into retail sales in one of the world's most popular shopping destinations. Read more »

Macy's shares sink as discounts to clear inventory hurt, tourism drops

Aishwarya Venugopal and Melissa Fares, Reuters
Posted at Aug 15 08:46 AM

Macy's Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least 2 years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18 percent.   Read more »

PH shares rally back above 7,800 on trade optimism

ABS-CBN News
Posted at Aug 15 01:12 AM

Despite the unrest in Hong Kong, markets in Asia rallied in Wednesday's session, following a deescalation in the US-China trade war.  Read more »

Apple's AirPods, Watch fail to escape Trump's China tariffs

Stephen Nellis and David Lawder, Reuters
Posted at Aug 14 08:53 AM

Trump and his administration did not say why some electronics received a reprieve and others did not. Many of the products set to face tariffs on Sept. 1, such as smart watches, fitness trackers, smart speakers and Bluetooth headphones, had been spared once before. Read more »

Chinese firms learn to adapt as US trade war rages

Ryan McMorrow, Agence France-Presse
Posted at Aug 13 09:01 AM

Factories along the eastern coast, fish processors in the south, apple juice exporters in central China and farmers in the northeast have all been forced to change their business models since US President Donald Trump launched the conflict more than a year ago, hitting everything from motorcycles to MRI machines. Read more »