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Worries of longer, costlier U.S.-China trade war hits markets

2 hours ago DieselGasoil Comments Off on Worries of longer, costlier U.S.-China trade war hits markets
WASHINGTON/BEIJING (Reuters) – Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end their dispute. Investors added up the costs of higher tariffs on Chinese and U.S. goods as well Read More

US’s moves against Huawei will spur on new tech development in China

3 hours ago DieselGasoil Comments Off on US’s moves against Huawei will spur on new tech development in China
Under pressure from the US government, Google suspended its product-sharing agreements and licenses with Chinese communications giant Huawei. But how badly will the move affect Huawei and what could it do to retaliate? The Trump administration last week banned US companies from selling to Huawei without a government license, significantly upping the ante in the Read More

Face ID firm Lumentum follows Google with Huawei ban

7 hours ago DieselGasoil Comments Off on Face ID firm Lumentum follows Google with Huawei ban
LONDON (Reuters) – Apple Face ID parts supplier Lumentum Holdings Inc followed Google on Monday in clamping down on the business it does with Huawei Technologies, after U.S. President Donald Trump imposed a ban on the Chinese firm on national security grounds. A 3-D printed Android logo is seen in front of a displayed Huawei Read More

Huawei pledges to continue Android device support after rebuff from Google

10 hours ago DieselGasoil Comments Off on Huawei pledges to continue Android device support after rebuff from Google
Tech giant Huawei has vowed to continue support services for customers of its Android-using tablets and smartphones after Google said it was cutting ties with the Chinese firm accused by Washington of spying for Beijing. In a company statement released Monday, Huawei said it had made “substantial contributions” to the development and growth of the Read More

Chinese farm stocks gaining as US-China trade war escalates

11 hours ago DieselGasoil Comments Off on Chinese farm stocks gaining as US-China trade war escalates
The latest exchange of tariff hikes between Washington and Beijing have driven Chinese banking and tech stocks lower. However, the turmoil has benefited the country’s agricultural sector which managed to outperform. The long-running trade dispute between the world’s largest economies has intensified recently, adding to investor concerns. Earlier this month, US President Donald Trump announced Read More

U.S., China bicker over ‘extravagant expectations’ on trade deal

12 hours ago DieselGasoil Comments Off on U.S., China bicker over ‘extravagant expectations’ on trade deal
BEIJING/WASHINGTON (Reuters) – China accused the United States on Monday of harboring “extravagant expectations” for a trade deal, underlining the gulf between the two sides as U.S. action against China’s technology giant Huawei began hitting the global tech sector. A surveillance camera is seen next to containers at a logistics center near Tianjin Port, in Read More

China’s tech transfer problem is growing, EU business group says

16 hours ago DieselGasoil Comments Off on China’s tech transfer problem is growing, EU business group says
BEIJING (Reuters) – Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country’s regulatory environment is “bleak”. FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Read More

US destroyer armed with missiles enters S. China Sea in challenge to Beijing’s territorial claims

16 hours ago DieselGasoil Comments Off on US destroyer armed with missiles enters S. China Sea in challenge to Beijing’s territorial claims
A US Navy Arleigh Burke-class destroyer sailed next to a disputed shoal in the South China Sea, ignoring repeated warnings from Beijing to stay clear of the region amid rising tensions between the two economic superpowers. On Sunday, the USS Preble (DDG-88), armed with Tomahawk missiles, sailed along the Scarborough Shoal in the South China Read More

China’s farm stocks defy Sino-U.S. trade rout on local demand expectations

17 hours ago DieselGasoil Comments Off on China’s farm stocks defy Sino-U.S. trade rout on local demand expectations
SHANGHAI (Reuters) – The fresh escalation in the long-running Sino-U.S. trade dispute prompted a sharp selloff in Chinese markets last week with the yuan and banking and tech stocks hit particularly hard though some sectors, like farming, managed to outperform. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, Read More

Asian shares steady after steep losses; Saudi comments lift oil

21 hours ago DieselGasoil Comments Off on Asian shares steady after steep losses; Saudi comments lift oil
SHANGHAI (Reuters) – Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, Read More