Archive for May 14th, 2019

Companies await China retaliation; weaker growth expected

14-May-2019 Intellasia | AP | 6:00 AM

Companies were bracing Monday for how Beijing might retaliate against President Donald Trump’s escalation of a fight over technology and trade that threatens to disrupt [...]
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HTC pulls smartphone sales from Tmall and JD.com in China after falling behind domestic players

14-May-2019 Intellasia | South China Morning Post | 6:00 AM

Taiwanese handset maker HTC Corp has decided to pull phone sales from China’s two largest e-commerce platforms after struggling to find a significant share of the [...]
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Pakistan terror attack highlights risks Chinese firms face in country

14-May-2019 Intellasia | South China Morning Post | 6:00 AM

Chinese firms have been reminded of the security risks they face in Pakistan after a deadly attack on a hotel in the port city of Gwadar on Sunday. Du Youkang, director of [...]
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China defiant toward US on trade, Kudlow urges strong enforcement steps

14-May-2019 Intellasia | Reuters | 6:00 AM

The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it [...]
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Here’s how China may retaliate to Trump’s tariff hike

14-May-2019 Intellasia | CNBC | 6:00 AM

* US President Donald Trump on Friday hiked the tariff rate to 25 percent on $200 billion of Chinese goods. * China’s Commerce Ministry said it would take [...]
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Chinese social apps Momo, Tantan and DingTalk suspend user posts amid government crackdown

14-May-2019 Intellasia | South China Morning Post | 6:00 AM

Popular Chinese social apps Momo, Tantan and DingTalk have implemented a one-month ban on users posting social updates after they were ordered by authorities to clean up [...]
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Oil prices mixed amid US-China trade impasse

14-May-2019 Intellasia | CNBC | 6:00 AM

* US West Texas Intermediate (WTI) futures were at $61.58 per barrel, down 9 cents, or 0.2 percent at 0223 GMT, from their previous settlement. WTI closed the last session [...]
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Meng Wanzhou thanks Huawei employees for support in first public comments since December arrest

14-May-2019 Intellasia | South China Morning Post | 6:00 AM

Huawei Technologies’ CFO Meng Wanzhou, currently under house arrest in Canada pending an extradition hearing, has thanked all of the telecom giant’s 188,000 [...]
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Trump, Xi likely to meet in Japan in June -White House adviser

Trump, Xi likely to meet in Japan in June -White House adviser

14-May-2019 Intellasia | Reuters | 6:00 AM

US President Donald Trump and his Chinese counterpart Xi Jinping are likely to meet during a G20 summit in Japan at the end of June and discuss trade, White House economic [...]
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Tencent cashes in with PUBG mobile game replacement, as title takes in $14 million in 72 hours

14-May-2019 Intellasia | South China Morning Post | 6:00 AM

Chinese internet giant Tencent Holdings is already cashing in with Game for Peace, its replacement game for PlayerUnknown’s Battlegrounds (PUBG) Mobile, after the new [...]
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China’s door to talks with US on trade always open: state media

14-May-2019 Intellasia | Reuters | 6:00 AM

China’s door to talks with the United States about their trade dispute is always open, but China will not yield on important issues of principle, state media said on [...]
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Trump says the US is ‘right where we want to be with China’

Trump says the US is ‘right where we want to be with China’

14-May-2019 Intellasia | Reuters | 6:00 AM

President Donald Trump said on Sunday that the United States is “right where we want to be with China,” adding that Beijing “broke the deal with us” [...]
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China may route its commercial presence in India through Bay of Bengal

14-May-2019 Intellasia | The Hindu | 6:00 AM

Krishnapatnam port is the logical logistics solution for Andhra Pradesh, Telangana and Karnataka cargoes.” India’s outreach to the East and an escalating trade [...]
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China is a ‘kung fu master’ and can deliver ‘deadly punch’ to US economy in trade war, ex official says

14-May-2019 Intellasia | South China Morning Post | 6:00 AM

China has many options for retaliating against the United States and is likely to carry out sanctions that go beyond tariffs on trade in goods, a former top government [...]
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Lack of US-China trade deal weighs on Asian markets

14-May-2019 Intellasia | Bloomberg | 6:00 AM

Markets in Asia were largely down in morning trade on Monday as the lack of a US-China trade deal cast a cloud over the market. Investors watched the latest developments [...]
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