Trade tensions

WASHINGTON | US panel warns against government purchase of Chinese tech

WASHINGTON  — A congressional advisory panel says the purchase of internet-linked devices manufactured in China leaves the United States vulnerable to security breaches that could put critical infrastructure at risk. In its annual report on Wednesday, the U.S.-China Economic and Security Review Commission warns of dangers to the U.S. government and private sector from a … Continue reading WASHINGTON | US panel warns against government purchase of Chinese tech

HELSINKI | Danish shipper: US-China trade war hits container trade

HELSINKI  — Danish shipping group A.P. Moller-Maersk is warning that trade tensions between the United States and China could weigh on business. The company said a brewing trade war between the two had created uncertainty and could “reduce global container trade by 0.5 to 2.0 percent during 2019-2020”. Maersk’s share price was down 1 percent … Continue reading HELSINKI | Danish shipper: US-China trade war hits container trade

SINGAPORE | Southeast Asian summit puts focus on trade tensions, trends

SINGAPORE  — The potential damage to the global trade brought on by President Donald Trump‘s tariffs battle with Beijing is looming as leaders of Southeast Asian nations, China, the U.S. and other regional economies meet in Singapore this week. Newly imposed tariffs on billions of dollars’ worth of each other’s exports resulting from a battle … Continue reading SINGAPORE | Southeast Asian summit puts focus on trade tensions, trends

SINGAPORE | World markets mixed as investors monitor earnings

SINGAPORE — World markets were mixed on Wednesday as traders mulled the impact of tariffs on corporate America after big industrial companies admitted that they were facing rising costs. Investors are looking to new company earnings for further clues. KEEPING SCORE: The CAC 40 in France was up 0.8 percent at 5,006 and Germany’s DAX … Continue reading SINGAPORE | World markets mixed as investors monitor earnings

SINGAPORE | Asian shares mostly higher on strong Japan factory data

SINGAPORE — Asian markets have bounced back from their retreat after the report of strong preliminary manufacturing data in Japan. KEEPING SCORE: Japan’s Nikkei 225 index jumped 0.5 percent to 22,130.30 as a private survey suggested a recovery in manufacturing in October. The Shanghai Composite index, which closed more than 2 percent lower on Tuesday, … Continue reading SINGAPORE | Asian shares mostly higher on strong Japan factory data

Banks, health care companies weigh on US stock indexes

Major U.S. stock indexes were mostly lower in midday trading Monday as losses in banks and health care companies outweighed gains elsewhere. Energy companies also fell along with the price of crude oil. Technology companies rebounded after an early tumble. Smaller companies were doing better than the rest of the market. Toy makers slumped after … Continue reading Banks, health care companies weigh on US stock indexes

BEIJING  | China’s growth slows as officials try to reassure investors

BEIJING  — China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz Friday to shore up confidence in its sagging stock market. Growth in the quarter that ended in September slipped to 6.5 percent over a year earlier from the previous quarter’s 6.7 percent, official data showed. It … Continue reading BEIJING  | China’s growth slows as officials try to reassure investors

BANGKOK | Asia shares sag after retreat on Wall St, weaker Japan data

BANGKOK— Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade. KEEPING SCORE: Japan‘s Nikkei 225 index sank 0.7 percent to 22,687.66 and the Kospi in South Korea lost 0.7 … Continue reading BANGKOK | Asia shares sag after retreat on Wall St, weaker Japan data