Archive for June 7th, 2019

Trade tensions have had a ‘significant’ impact on China, IMF says

07-Jun-2019 Intellasia | Reuters | 6:00 AM

* The International Monetary Fund (IMF) lowered its 2019 growth forecast for the world’s second-largest economy to 6.2 percent from 6.3 percent on Wednesday. * [...]
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US ambassador: Dutch should ban Huawei outright on 5G network

07-Jun-2019 Intellasia | Reuters | 6:00 AM

US Ambassador Pete Hoekstra said on Wednesday the Dutch government should ban Huawei outright from supplying equipment for a new 5G mobile telecommunications network in the [...]
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Tiffany says sales to Chinese tourists are plummeting because of the trade war

07-Jun-2019 Intellasia | CNBC | 6:00 AM

* After slashing the company’s full-year profit outlook to low-to-mid-single-digit growth from mid-single-digit growth, Tiffany cited “dramatically” lower [...]
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Last go at exam success for China’s ‘gaokao grandpa’

07-Jun-2019 Intellasia | South China Morning Post | 6:00 AM

Among the more than 10 million candidates taking part in China’s annual university entrance exam on Friday is an 84-year-old man making his fourth, and final, attempt. [...]
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Tim Cook says China has not targeted Apple despite an escalation in trade tensions

07-Jun-2019 Intellasia | CNBC | 6:00 AM

* * “The Chinese have not targeted Apple at all, and, I don’t anticipate that happening, to be honest,” CEO Tim Cook told CBS News. China on Saturday raised [...]
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Chinese importers to apply for tariff waivers on US goods

07-Jun-2019 Intellasia | Reuters | 6:00 AM

Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 US goods in the Sino-U.S trade war, after the finance ministry said it [...]
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China issues 5G licenses in timely boost for Huawei

07-Jun-2019 Intellasia | Reuters | 6:00 AM

China granted 5G licenses to the country’s three major telecom operators and China Broadcasting Network Corp on Thursday, giving the go-ahead for full commercial [...]
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China: PBOC helped by dovish central banks

07-Jun-2019 Intellasia | ForexLive | 6:00 AM

China’s investors will be encouraged by the dovish flight of central banks, as it will make it easier for Beijing’s policy makers to track a path through the [...]
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China’s panda diplomacy puts a smile on ‘best friend’ Putin’s face

07-Jun-2019 Intellasia | Reuters | 6:00 AM

Chinese President Xi Jinping presented two pandas to Moscow’s zoo at a ceremony with Vladimir Putin on Wednesday, in a gesture the Russian president described as a sign [...]
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Growth in China’s services sector eases in May on slower export sales: Caixin PMI

07-Jun-2019 Intellasia | Reuters | 6:00 AM

China’s services activity grew at the slowest pace in three months in May, hit by a marked cooling in export sales, a private survey showed on Wednesday, as escalating [...]
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China launches rocket from Yellow Sea platform for first time

China launches rocket from Yellow Sea platform for first time

07-Jun-2019 Intellasia | The Guardian | 6:00 AM

Blast-off makes China the third country after US and Russia to master sea launch technology China has launched a rocket from a mobile platform at sea for the first time, [...]
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Huawei denies report that orders to key suppliers cut after US blacklisting

07-Jun-2019 Intellasia | Reuters | 6:00 AM

Huawei Technologies Co Ltd has cut or canceled orders to major suppliers of components for its smartphones and telecom equipment following its US blacklisting, the Nikkei [...]
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Uighur leader urges pressure on China as he receives US award

07-Jun-2019 Intellasia | AFP | 6:00 AM

An exiled Uighur leader called for more concerted international pressure on China to end its mass detention of the ethnic group as he received a US award. The National [...]
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Chinese ride-hailing giant Didi Chuxing expands in Latin America amid renewed competition in home market

07-Jun-2019 Intellasia | South China Morning Post | 6:00 AM

Didi Chuxing, China’s largest ride-hailing platform, is entering two more Latin American countries as it eyes overseas expansion amid stiffer competition at home. The [...]
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Chinese regulators slap Ford’s joint venture with $23.6 million fine

07-Jun-2019 Intellasia | CNN | 6:00 AM

Chinese regulators have fined Ford’s main joint venture in the country for violating antitrust laws. China’s State Administration for Market Regulation slapped [...]
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