Archive for May 16th, 2019

China’s economic activity weakens amid tariff war

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

China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic [...]
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China’s economy shows further weakness as retail sales struggle

16-May-2019 Intellasia | AFP | 6:00 AM

China’s economy showed further signs of weakness in April as the slowest growth in retail sales for 16 years highlighted the task leaders have in ramping up domestic [...]
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Dog joke lands Chinese man in 10-day detention

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

A man has been detained by police in eastern China for giving his dogs a name which appeared to mock government officials notorious for their brutal treatment of unlicensed [...]
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China’s Communist Party made a flashy graphic to show everyone what it thinks about the trade war

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

* The People’s Daily, China’s official newspaper for the Communist Party, publishes a post titled “This, is China’s attitude!” on its official [...]
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Mahjong and parking: Aussie politicians learn to court Chinese vote

16-May-2019 Intellasia | AFP | 6:00 AM

Politicians courting Australia’s 1.2 million ethnic-Chinese citizens ahead of Saturday’s election are struggling to navigate a strikingly diverse community and [...]
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China says French asylum for ex-Interpol chief’s wife ‘abuse of procedure’

16-May-2019 Intellasia | AFP | 6:00 AM

Beijing said Wednesday France granting asylum to the wife of former Interpol chief Meng Hongweiwho has been charged in China with accepting bribeswould be an abuse of its own [...]
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Amid trade war, China’s Xi preaches openness, says no civilisation superior

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

China will only be more open to the world, President Xi Jinping said on Wednesday, as he denounced as “stupid” those who believe in cultural superiority, in his [...]
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Wife of ex-Interpol chief Meng Hongwei granted asylum in France: lawyer

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

The wife of ex-Interpol chief Meng Hongwei has been granted asylum in France, her lawyer said. Interpol, the global police coordination agency based in France, said last [...]
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No evidence of shots fired following lockdown at home of US Forces Japan

16-May-2019 Intellasia | Stripes | 6:00 AM

Parts of the home of US Forces Japan in western Tokyo were locked down for an hour based on reports of shots fired Tuesday morning. However, security personnel and Japanese [...]
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Tokyo prosecutors detail Ghosn’s alleged cash transfer in revised indictment: Kyodo

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

Tokyo prosecutors have filed a request to revise the content of their indictment of Carlos Ghosn for aggravated breach of trust, providing further details on alleged cash [...]
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Japan’s Uniqlo Hacked; 460K Accounts Compromised

16-May-2019 Intellasia | Pymnts | 6:00 AM

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 [...]
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UPDATE 1-Japan investors bought record amount of French bonds in March

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

* Japanese buy net 3.184 trln yen of French bonds in March * In same month, Japanese were net sellers of US and German bonds * Fed’s halt of rate hikes seen boosting [...]
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Apple supplier Japan Display cannot promise return to profit, bailout worries stay

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

Cash-strapped Japan Display warned it cannot guarantee a return to profit this year as demand for smartphone screens stays weak, and turned in yet another quarterly loss, [...]
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Japan takes India to WTO over mobile phone import duties

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

Japan has complained at the World Trade Organisation about India’s duties on mobile phones, base stations and routers, and the circuit boards and other components that [...]
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Nissan hits ‘rock bottom’ as Renault pushes for a merger

16-May-2019 Intellasia | CNN | 6:00 AM

Nissan posted a big drop in profits and revenues Tuesday, underlining the bumpy road ahead as it tries to move on from the Carlos Ghosn era and fend off a merger proposal [...]
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