Topic page on {?keyword?} | ABS-CBN News

China planner says regions at low risk of virus must resume activity

Reuters
Posted at Feb 25 05:58 PM

Chinese regions deemed at low risk from the coronavirus outbreak should fully resume normal activities and end transport bans, an official at the state planning agency said on Tuesday. Read more »

China cuts loan rate as it battles coronavirus impact

Agence France-Presse
Updated as of Feb 20 03:17 PM

China on Thursday announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak.   Read more »

China to waive tariffs on US medical imports while fighting virus outbreak

Agence France-Presse
Posted at Feb 18 06:38 PM

Patient monitors, blood transfusion equipment and instruments to measure blood pressure are among the products that qualify for the exemptions, according to a list released by the Tariff Commission of the State Council. Read more »

Virus outbreak pushes up China's inflation to highest level in 8 years

Kyodo News
Posted at Feb 10 07:18 PM

China's consumer prices rose at their fastest pace in over eight years in January, as uncertainties about the outbreak of a new coronavirus prompted people to stock up on daily necessities. Read more »

World stocks rally, safe-haven currencies drop on China plan to cut tariffs

Herbert Lash, Reuters
Posted at Feb 07 08:24 AM

The yield on Germany's benchmark 10-year Bund touched its highest in almost 2 weeks and US Treasury yields rose as investors bet China's efforts to contain the deadly coronavirus would mitigate its impact on the global economy. Read more »

China to cut tariffs on $75 billion in US imports

Beiyi Seow, Agence France-Presse
Posted at Feb 06 02:30 PM

The reduction will apply to levies of five percent and 10 percent that were imposed on more than 1,700 items in September, according to the State Council Tariff Commission.   Read more »

Wuhan coronavirus outbreak seen to worsen disruption in global supply chain - expert

ABS-CBN News
Posted at Feb 05 06:02 PM

Alex Capri, research fellow at Hinrich Foundation, says the Wuhan coronavirus outbreak adds another disruption to an already disrupted global supply chain. Capri notes that the rapid spread of the virus is already causing production delays.   Read more »

US economy misses Trump's 3 percent growth target in 2019

Lucia Mutikani, Reuters
Posted at Jan 30 10:09 PM

The US economy missed the Trump administration's 3 percent growth target for a second straight year, posting its slowest annual growth in three years in 2019 as the slump in business investment deepened amid damaging trade tensions. Read more »

Trump threatens big tariffs on car imports from EU if no trade deal struck-CNBC

Reuters
Posted at Jan 22 08:11 PM

US President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal. Read more »

France, US move towards temporary truce in trade war

Liz Alderman, Jim Tankersley and Ana Swanson, The New York Times
Posted at Jan 22 11:41 AM

The apparent détente emerged after Macron and President Donald Trump agreed in a phone call late Sunday to grant more time for negotiations over a global solution to taxing Amazon, Facebook and other digital companies. Read more »

IMF trims global growth estimates for 2020, 2021

Agence France-Presse
Posted at Jan 21 01:03 PM

In the latest update to its World Economic Outlook, the IMF cut the global growth estimate for 2020 to 3.3 percent, 0.1 percentage point lower than in the prior report released in October. It lowered the 2021 forecast by 0.2 percentage points, to 3.4 percent.   Read more »

China posts weakest growth in 29 years as trade war bites

Stella Qiu and Kevin Yao, Reuters
Posted at Jan 17 11:41 AM

But data also showed the world's second-largest economy ended the year on a firmer note as trade tensions eased, suggesting a raft of growth boosting measures over the past two years may finally be starting to take hold. Read more »

Trump’s next trade fight could be with Europe

Ana Swanson and Jack Ewing, The New York Times
Posted at Jan 17 08:51 AM

In remarks in Washington on Thursday morning, Phil Hogan, the new European trade commissioner, gave a frank assessment of an important trading relationship that had grown troubled on many fronts. Read more »

A Maine paper mill's unexpected savior: China

Ellen Barry, The New York Times
Posted at Jan 16 09:37 AM

The most startling thing about Zhang was her promise that Nine Dragons would operate the mill for 100 years, long enough to employ Edwards’ children and grandchildren. Read more »

US-China trade deal: What’s in (and out) the agreement

Peter Eavis and Alan Rappeport, The New York Times
Posted at Jan 16 09:13 AM

The agreement signed Wednesday includes some victories for Trump: China has committed to buy an additional $200 billion of American goods and services by 2021 and crack down on business practices that the Trump administration has criticized. But text of the accord does not provide enough information to determine how it will work in practice. Read more »

World stocks climb new peaks on US-China trade deal

Herbert Lash, Reuters
Updated as of Jan 16 08:37 AM

US President Donald Trump and Chinese Vice Premier Liu He signed a Phase 1 deal that will roll back some tariffs and see China boost purchases of US goods and services, defusing a prolonged conflict between the world's two largest economies. Read more »

Phase 2 of China trade deal to address certain tech issues -US

Reuters
Updated as of Jan 15 09:51 PM

US Treasury Secretary Steven Mnuchin said on Wednesday that some technology and cybersecurity issues would be resolved in the next chapter of a deal to end a trade dispute between the United States and China.   Read more »

US, China set to sign vital trade truce

Heather Scott, Agence France-Presse
Posted at Jan 15 12:38 PM

Although tariffs on hundreds of billions of dollars of two-way trade will remain in place, likely at least until after President Donald Trump faces reelection in November, some of the uncertainty will go away. Read more »

World stocks tread water as easing US-China tensions boost yuan

Agence France-Presse
Posted at Jan 15 09:07 AM

New York was also rattled by news reports on Tuesday that US President Donald Trump intended to keep most punitive US tariffs on Chinese imports until after the 2020 presidential election.    Read more »

US says to keep tariffs on Chinese goods until Phase 2 deal

Makini Brice and Andrea Shalal, Reuters
Posted at Jan 15 08:58 AM

Mnuchin told reporters that President Donald Trump could consider easing tariffs if the world's 2 largest economies move quickly to seal a follow-up agreement. Read more »