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Oil firms cut fuel prices amid weaker global oil demand

ABS-CBN News
Posted at Aug 12 11:39 PM

Local oil prices are heading lower this week as worries over the US-China trade war drag demand. Read more »

Asian shares falter as US-China trade war, recession worries weigh

Andrew Galbraith, Reuters
Posted at Aug 12 12:15 PM

In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.17 percent, after Wall Street broke a three-day winning streak to end lower on Friday. Read more »

Lack of G7, IMF support seen dimming impact of US move on China's yuan

Andrea Shalal and David Lawder, Reuters
Posted at Aug 12 08:54 AM

The US Treasury last week put the designation on Beijing for the first time since 1994, roiling financial markets and escalating a bitter tit-for-tat tariff war between the world's two largest economies. Read more »

Huawei unveils HarmonyOS to compete with Android

Agence France-Presse
Updated as of Aug 09 03:47 PM

Richard Yu, the head of Huawei's consumer business, told a press conference in the southern city of Dongguan that the new system, called HarmonyOS, would "bring more harmony to the world". Read more »

Trump says China is 'killing us with unfair trade deals'

Nandita Bose and Andrea Shalal, Reuters
Updated as of Aug 08 08:13 AM

US President Donald Trump on Wednesday said his tough stance on China's economic and trade policies would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of chemicals known as rare earths that are used in everything from iPhones to military equipment. Read more »

Trade surplus with US could make Vietnam target for tariffs, says AmCham

ABS-CBN News
Posted at Aug 07 07:30 PM

Vietnam has become the choice destination for some companies looking to relocate from China to avoid US tariffs. Read more »

PH shares tumble anew amid intensifying US-China trade war

ABS-CBN News
Posted at Aug 06 10:31 PM

Even as other world markets rebound, the bloodbath continued here at home, with Philippine shares plummeting back to the 7,700 level. Read more »

How Trump's latest tariff threat affects Asian currencies

ABS-CBN News
Posted at Aug 02 11:10 PM

The latest escalation in the US-China trade war may have helped central banks around the world decide on moves to ease monetary policy. Read more »

Peso seen stabilizing with 'slight weakness' as Trump ratchets up trade war

ABS-CBN News
Updated as of Aug 02 12:32 PM

The peso opened at P51.32 to the dollar, from P51.2 on Thursday. Read more »

World stocks slip on Trump's warning to China; sterling's slump carries on

Rodrigo Campos, Reuters
Posted at Jul 31 08:49 AM

Trump warned China against waiting out his presidency before finalizing a trade deal, saying if he wins re-election in November 2020, the outcome could be no agreement or a harsher one. Read more »

Lack of clarity on Huawei casts shadow on US-China trade talks

Alexandra Alper, Reuters
Updated as of Jul 30 01:24 PM

Trump had pledged to allow the sales to Huawei as a goodwill gesture to Xi when the two met last month and agreed to restart talks to try to resolve their year-long trade war. China, for its part, agreed to restart large-scale agricultural purchases. Read more »

Philippine auto, back office firms to gain from US-China row: analyst

ABS-CBN News
Posted at Jul 29 11:03 AM

Vietnam is emerging as the top beneficiary of the US-China trade row, with textile and apparel manufacturing companies moving out of China to the Southeast Asian nation. Kenneth Jarrett of business consultancy firm Albright Stonebridge Group says the Philippines is also emerging as an alternative business destination. Read more »

Asian shares guarded as investors count down to Fed

Wayne Cole, Reuters
Posted at Jul 29 09:26 AM

US and Chinese trade negotiators also meet in Shanghai this week for their first in-person talks since a G20 truce last month, but expectations are low for a breakthrough. Read more »

US, China move trade talks to Shanghai amid deal pessimism

Michael Martina and David Lawder, Reuters
Updated as of Jul 29 09:38 AM

BEIJING/WASHINGTON - U.S. and Chinese trade negotiators shift to Shanghai this week for their first in-person talks since a G20 truce last month, a change of scenery for two sides struggling to resolve deep differences on how to end a year-long trade war.   Read more »

Tech executives push Trump on Huawei sales

Alan Rappeport and Kate Conger, The New York Times
Posted at Jul 23 10:54 AM

Trump met Monday afternoon with the leaders of Google, Qualcomm, Cisco, Intel, Micron, Western Digital and Broadcom to discuss the administration’s ban on Huawei, as well as the economy and trade relations with China, the White House said. Read more »

China Q2 GDP grows 6.2 pct year-on-year, in line with expectations

Reuters
Posted at Jul 15 10:53 AM

China's economic growth slowed to 6.2 percent in the second quarter from a year earlier, the weakest pace in at least 27 years, as demand at home and abroad faltered amid an escalating trade war with the United States.   Read more »

China Q2 GDP growth set to slow to 6.2pct, 27-year low, as trade war bites

Kevin Yao, Reuters
Posted at Jul 15 09:17 AM

Policymakers are likely to ratchet up support measures to prevent mass job losses that could pose a threat to social stability, but analysts say the room for aggressive stimulus is limited by fears of adding to already high debt levels and structural risks. Read more »

China says US trade issues are 'definitely' resolvable

Agence France-Presse
Posted at Jul 11 09:38 PM

China said Thursday that the thorny trade issues plaguing relations with the United States are resolvable after fractious talks between the economic giants were kickstarted by the Trump-Xi meeting in Japan. Read more »

Nintendo to move part of Switch console production to Vietnam

Kyodo News
Posted at Jul 09 10:09 PM

Nintendo Co. said Tuesday it will move part of its Switch game console production from China to Vietnam to address risks from the ongoing trade conflict between the United States and China.   Read more »

US, China to relaunch talks with little changed since deal fell apart: Source

David Lawder and Chris Prentice, Reuters
Updated as of Jul 09 04:47 PM

The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed. Read more »