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PDEA clears slain Masbate town vice mayor of illegal drugs

Angel Movido, ABS-CBN News
Updated as of Oct 13 04:54 PM

Slain Batuan town Vice Mayor Charlie Yuson III was not involved in the illegal drug trade, Philippine Drug Enforcement Agency chief Aaron Aquino said Sunday. Read more »

China's blacklisted AI firms: what you should know

Eva Xiao and Danni Zhu, Agence France-Presse
Posted at Oct 13 02:34 PM

The eight firms were added on Monday to a list of 28 entities that US companies are barred from selling components to without government approval. Read more »

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 »

Huawei to secure US licenses for non-sensitive goods: report

Reuters
Posted at Oct 12 09:16 AM

The blacklisting blocked Huawei from buying parts and components from US companies without U.S. government approval, limiting its access to essential technologies such as Google Mobile Services. Read more »

Global stocks rise on partial US-China trade deal, pound up

Agence France-Presse
Posted at Oct 12 08:49 AM

The US-China agreement, announced in the closing minutes of Friday's Wall Street session, halts new US tariffs that were scheduled to go into effect next week and includes a Chinese promise to ramp up purchases of American farm products. 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 »

Choke point: Vietnam skilled labor squeezed by China-US trade war

James Pearson and Phuong Nguyen, Reuters
Posted at Oct 11 09:25 AM

A new front has opened in the US-China trade war as companies shifting manufacturing to Vietnam engage in a fierce battle for skilled labor, aggravating an existing shortage and prompting calls for education reforms to address the problem. Read more »

Number of China's ultra-wealthy dwindles in 2019

Agence France-Presse
Posted at Oct 10 09:05 PM

The number of ultra-wealthy individuals dipped in China this year, a report said Thursday, as the government seeks to rebalance the economy and tackle high levels of toxic debt.   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 »

China's tourists cut back on foreign travel, choose 'patriotic destinations'

Gabriel Crossley, Reuters
Posted at Oct 08 07:37 PM

Chinese mainland tourists cut back on trips and spending abroad during the long "Golden Week" holidays in early October, with a weaker yuan, political turmoil in Hong Kong and global tensions dampening their enthusiasm to travel too far from home. Read more »

US widens blacklist to include China's top AI startups ahead of trade talks

David Shepardson and Josh Horwitz, Reuters
Posted at Oct 08 04:23 PM

The action bars the firms from buying components from US companies without US government approval - a potentially crippling move. Read more »

Asian shares inch up in cautious mood over trade, lira stumbles

Hideyuki Sano, Reuters
Posted at Oct 08 09:22 AM

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.13 percent while Japan's Nikkei rose 0.53 percent. Read more »

2 heneral dawit sa drug trade: Duterte

ABS-CBN News
Posted at Oct 04 07:36 PM

Ibinunyag ni Pangulong Rodrigo Duterte sa kaniyang pagbisita sa Russia na may dalawang heneral ang may kaugnayan sa droga, kasabay ng imbestigasyon laban sa mga ninja cops. Read more »

WTO slashes trade growth estimate amid US-China trade war

Agence France-Presse
Posted at Oct 01 08:24 PM

The World Trade Organization on Tuesday cut its 2019 trade growth forecast to 1.2 percent, a sharp downgrade on the 2.6-percent rise predicted in April, which the body blamed on escalating trade tensions.  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 »

China buys 'considerable' amount of US pork, soybeans

Agence France-Presse
Posted at Sep 26 05:26 PM

Beijing said Thursday it had bought a "considerable" amount of US pork and soybeans, the latest sign of appeasement between the two sides in the drawn-out trade war. 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 »

China says in 'no rush' for economic stimulus

Agence France-Presse
Posted at Sep 24 05:25 PM

China is in "no rush" to add a monetary stimulus to cope with downward pressure on the world's number-two economy, the head of the country's central bank said Tuesday. 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 »