ASIA: A lot of pessimism in the news today regarding the US and China trade deal, with agricultural and concerns over intellectual property being the main sticking points. In addition to this, China came out with a bold statement for the US to stop flexing its muscles in the South China Sea in a separate […]

ASIA: US White House economic advisor and Director of the US National Economic Council Larry Kudlow said negotiators between the US and China were in communication via phone. He did not provide details on the timing of a possible deal, but he did say that a trade deal was in reach. Alibaba CEO Daniel Zhang […]

ASIA: China is insisting that the US retract any tariffs as a part of “phase one” of the trade deal. “The trade war was begun with adding tariffs, and should be ended by canceling these additional tariffs. This is an important condition for both sides to reach an agreement,” China’s Ministry of Commerce spokesperson Gao […]

ASIA: More protests occurred overnight in Hong Kong as students and police have been clashing. China will most likely intervene in Hong Kong as their previous “hands off” policy is not providing the desired result. China released a new submarine. The JL-3 has a range of up to 7,500 miles and could reach the US […]

ASIA: Tensions are showing no signs of relief in Hong Kong after two protesters were shot by police over the weekend. Recent sparks of tensions came about due to a student dying due to falling off a building after a police raid due to the protests. Chinese commerce company Alibaba set a new sales record […]

ASIA: The Chinese Community Party has responded to US Secretary of State Mike Pompeo’s attack that claimed China is too focused on international domination and needs to be confronted. The CCP stated that his comments were extremely dangerous and exposed his sinister intentions. “Pompeo is splitting apart and setting in antagonism against each other the Chinese […]

ASIA: China announced that the US has agreed to incrementally lift tariffs once a trade deal is reached. “If China, US reach a phase-one deal, both sides should roll back existing additional tariffs in the same proportion simultaneously based on the content of the agreement,” stated ministry spokesman Gao Feng. Feng pointed to positive progressive […]

ASIA: According to the FT, the US is considering removing some tariffs in an attempt to make a truce in the trade war. The cuts will be for around 112 billion USD worth of goods which have had a 15% levy applied on them since September the 1st. On the news, the renminbi strengthened to […]

ASIA: US President Trump signaled on Friday that China wants to make a deal with the US. That the deal could happen in the US, more specifically the state of Iowa, signaling the fact that the trade deal will help farmers the most. In Japan, Microsoft piloted a 4-day work week and saw productivity jump […]

ASIA: The US is not the only one suffering the ill effects of the trade war, as China announced its sixth consecutive month of manufacturing declines. The purchasing managers’ index (PMI) fell to 49.3 in October from 49.8 the month prior. A reading below 50 signals a contraction. Non-manufacturing fell as well to 52.8 in […]