U.S. suspends first phase of China Tariff hike
Washington – U.S. President Donald Trump outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before … Continue reading U.S. suspends first phase of China Tariff hike
Singapore: World’s most competitive economy
Singapore – Singapore has climbed one notch to become the world’s most competitive economy, according to the World Economic Forum (WEF), overtaking the United States. Singapore scored 84.8 out of a 100 on WEF’s scale, beating other countries especially in terms of … Continue reading Singapore: World’s most competitive economy
China plans to restrict visas for U.S. citizen
Singapore – China is planning tighter visa restrictions for U.S. nationals with ties to anti-China groups, people with knowledge of the proposed curbs said, following similar U.S. restrictions on Chinese nationals, as relations between the countries sour. China’s Ministry of … Continue reading China plans to restrict visas for U.S. citizen
USA: Delisting Chinese firms ‘not on the table’
Washington – U.S. President Donald Trump’s chief economic adviser on Monday said the administration had begun studying U.S. investor protections in China, but that delisting Chinese companies traded on U.S. exchanges “is not on the table.” “The delisting is not … Continue reading USA: Delisting Chinese firms ‘not on the table’
China-U.S. Trade War effects Tourist industry
Beijing – The Sino-US trade war and a weaker yuan have put a damper on outbound travel from China, as Chinese travelers turn towards domestic travel or more value-for-money destinations in South-east Asia. Guangdong Qiyouji International Travel Service’s marketing and … Continue reading China-U.S. Trade War effects Tourist industry
Nio tumbles to record low after sales disappoint
Shanghai/New York – U.S.-listed shares of Tesla rival Nio Inc (NIO.N) tumbled 25% after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand. China has been steadily rolling back subsidies … Continue reading Nio tumbles to record low after sales disappoint
WeWork’s CEO Neumann to step down
New York – WeWork co-founder Adam Neumann has agreed to resign as chief executive of the U.S. office-sharing company but will remain as non-executive chairman, bowing to pressure from some of his investors, people familiar with the matter said on … Continue reading WeWork’s CEO Neumann to step down
China cancels U.S. farm visits
Washington – A U.S. – China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington. Chinese officials were … Continue reading China cancels U.S. farm visits
Japan and US agree on trade deal
Washington/Tokyo – U.S. President Donald Trump said on Monday Washington had struck trade agreements with Tokyo that could be implemented without congressional approval, but stopped short of assuring Japan that new tariffs would not be slapped on vital auto exports. … Continue reading Japan and US agree on trade deal
Trump compares Fed chief with ‘enemy’ China
Washington – President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell linked the trade war with China to risks to the U.S. economy, asking whether the man he handpicked to run the U.S. central bank was … Continue reading Trump compares Fed chief with ‘enemy’ China