Advertisements


Panama Canal sees cargo record despite US-China trade war

A record 469 million tonnes of goods were transported through the Panama Canal since October last year, despite a trade war between the canal’s main patrons China and the United States, the waterway’s administrators said Wednesday. The new record beats that set in October 2018, when the canal saw 442 million tonnes of transported cargo. […] The post Panama Canal sees cargo record despite US-China trade war appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneOct 10th, 2019

How do we deal with tweeting by officials?

  UNITED States President Donald Trump set a record of sorts when he tweeted 142 times in a single day last Wednesday, January 22. He was in Davos, Switzer­land, when he started posting comments on his recent trade deal with China, mixed with tweets about his “very successful” time at the World Economic Forum in […].....»»

Category: newsSource:  tempoRelated NewsJan 31st, 2020

Exporters expect 6% growth this year

The umbrella group of Philippine exporters sees outbound shipments of goods to rise at a faster rate of six percent this year, from a flat growth last year, due to a lower base and expectations trade tensions between the US and China would ease......»»

Category: financeSource:  philstarRelated NewsJan 1st, 2020

China trade deal lifts Wall Street to 3rd day of records

A Wall Street rally sparked by the new US-China trade deal lifted US stocks to their third straight record closes on Monday. Investors were also cheered by upbeat economic data out of China. The benchmark Dow Jones Industrial Average closed up 0.4 percent at 28,235.89 while the broader S&P 500 added 0.7 percent to close at […] The post China trade deal lifts Wall Street to 3rd day of records appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 17th, 2019

Love at peace, not worried about trade chatter

By Tim Reynolds, Associated Press Kevin Love knows change could be coming. A couple of years ago, uncertainty might have been something that stressed him out, triggered the sorts of feelings like the ones that manifested themselves in the form of an in-game panic attack in 2017, rendered him unable to compete as efficiently as he wanted. Not this time. Even though he has three full years and about $90 million left on his contract after this season, it’s no secret that Love could be traded by the Cleveland Cavaliers. Plenty of teams even make sense for such a move — Portland, Dallas, Denver, Miami among others. But going public with the details of his panic attack — and his ongoing involvement in the conversation about the need to take care of mental health — has not left Love feeling vulnerable. He’s more at peace than anything else, and that’s why the rumors that are out there aren’t gnawing at him. “I’m just going to let the chips fall,” Love said. “I know that this is a young team. I think I can help them. I’m going to do right by Cleveland, the organization. This is a league where teams want to rebuild, teams want to go young but certain teams are looking for a piece, a guy who’s played in the finals, a guy who has playoff experience. I don’t know what’s going to happen, but I think it definitely lessens the burden and the anxiety.” Cleveland is 5-12 and Love missed Monday’s (Tuesday, PHL time) game against Brooklyn with back issues. Now in his 11th season, the five-time All-Star can still play — he’s averaging 17.9 points and 11.8 rebounds, is a 36% shooter from 3-point range and won a ring with the Cavs in 2016. Even with him, the Cavs are likely a long shot for a playoff spot in the East. But Love insists that he isn’t forcing a change. “I’ve been committed to Cleveland since Day 1,” Love said. “I know it’s been a little shaky at some points. It’s been really great at some points. But now I’ve found some semblance of balance in my life, not only on the court but away from it.” Love also doesn’t shy away from the mental health questions. Players like Love and DeMar DeRozan helped bring the conversation into the NBA mainstream by opening up about their own private and personal issues. “I kind of played all my cards and spoke my truth,” Love said. “I just feel like there’s not a lot out there that could really hurt me. I feel like, not only for other people but selfishly for myself, it’s been very therapeutic.” HISTORY LESSON The Spurs are in trouble. Monday’s (Tuesday, PHL time) loss to the Lakers dropped San Antonio to 6-12, and seeing that is all anyone would probably need to realize that the Spurs’ record-tying 22-year streak of postseason appearances is in major jeopardy. But the numbers really hammer the point home. Over the last 14 seasons, not including this one, there have been 103 instances of teams starting 6-12 or worse. Of those, only four have made the postseason — and none of those four came from the Western Conference. And the last time the Spurs were under the .500 mark 18 games into a season was 1995-96, when they started 3-15. That’s the point where they fired Bob Hill for a guy named Gregg Popovich. “They’re going to be OK,” said Charlotte coach James Borrego, a former longtime Spurs assistant, who crossed paths with Popovich in Washington recently. “At the end of the day, he’s coaching his team, I’m coaching my team. I know what they’re going through. But they’ve been in this territory before. I don’t know if they’ve lost as much as they’ve lost this early, but they’ll bounce back. There’s high character there. They know what they’re doing.” The last West team to start 6-12 or worse and get into the playoffs was the 2004-05 Memphis Grizzlies, who began 5-11, went through two different coaches before bringing in Mike Fratello. He fashioned a 40-26 finish, the Grizzlies sneaked into the playoffs at 45-37 and as the eighth seed. They got swept in the first round. The NBA champions that year? San Antonio. KEMBA’S NECK Boston guard Kemba Walker took a scary hit last week when he collided with teammate Semi Ojeleye during the Celtics’ game at Denver. The way Walker fell, and how he had to leave the game on a stretcher, understandably raised plenty of concern. He was diagnosed with a sprained neck, which was probably about the best possible outcome given how bad the play looked in real time. Perhaps overlooked is this: The sprain is Walker’s second neck issue in less than three months. He played some games for USA Basketball at the FIBA World Cup in China in September while dealing with neck pain, which intensified to the point that he sat out the Americans’ finale there — the seventh-place game in Beijing against Poland. MIGHTY MAVS With MVP candidate Luka Doncic leading the way, Dallas is flying. The Mavericks have scored 137 points or more in each of their last three games. Only two teams in league history have gone on longer such streaks — Denver in November 1988 and Portland in November 1990, both of those being four-game runs. The Mavs have reached the 125-point mark five times already this season. That matches their total from all of last season. THE WEEK AHEAD A game to watch each day in the coming week: (PHL times listed) Wednesday, L.A. Clippers at Dallas: Doncic is rolling right now. Here comes a very big test. Thursday, L.A. Lakers at New Orleans: Welcome back to New Orleans, Anthony Davis. Friday, Happy Thanksgiving: It’s one of the days the NBA has no games on the schedule. Saturday, Boston at Brooklyn: A noon start time. Could it be Kyrie Irving versus the Celtics? Sunday, Charlotte at Milwaukee: For some reason, few seem to be talking about the Bucks. Next Monday, Memphis at Minnesota: Through Monday (Tuesday, PHL time), Grizzlies rookie Ja Morant averaged 19 ppg. Next Tuesday, Utah at Philadelphia: A matchup of really good teams that usually put defense first......»»

Category: sportsSource:  abscbnRelated NewsNov 26th, 2019

Asian equities swing amid HK unrest

Asian markets fluctuated Thursday with investors shifting cautiously following another Wall Street record as Donald Trump hailed progress in the China trade talks, while eyes are also on Hong Kong after another night of violent protests. Trading floors were edgy as a volatile week continued, with very few details from Washington and Beijing on negotiations […] The post Asian equities swing amid HK unrest appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 14th, 2019

Chinese consumers smash Singles Day shopping record

SHANGHAI, China – Chinese shoppers set new records for spending during the annual "Singles' Day" buying spree despite an economic slowdown and worries over the United States trade war , with state media calling it a sign of China's rising economic strength. E-commerce giant Alibaba said consumers ........»»

Category: newsSource:  rapplerRelated NewsNov 12th, 2019

Stocks soar over US jobs surge

NEW YORK (AFP) — Strong US jobs data and positive signals from the US and China on trade talks lifted most global stock markets Friday, with Wall Street ending at record highs. US employers added 128,000 net new jobs last month, the Labor Department reported, much better than the 80,000 projected by analysts and in […] The post Stocks soar over US jobs surge appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 2nd, 2019

Summer League winds down, and now, maybe, some NBA rest

By Tim Reynolds, Associated Press They'll hand out T-shirts to the Summer League winners following the championship game between Memphis and Minnesota in Las Vegas on Monday night (Tuesday, PHL time), and then things will finally slow down a bit in the NBA. Maybe. And probably not for long. It's been a hectic month since Toronto won the NBA championship and the so-called offseason commenced. Already this summer, 18 current and former All-Stars have changed franchises, and that number will rise to 19 if Vince Carter finds a new home for his final season. Recent NBA Finals MVPs Kawhi Leonard, Kevin Durant and Andre Iguodala all were among those on the move. And another three past finals MVPs — Dwyane Wade, Dirk Nowitzki and Tony Parker — all retired. So when next season begins, very little will look the same. "I think there's going to be a lot of parity," Brooklyn coach Kenny Atkinson said. "That's my gut." NBA Commissioner Adam Silver expected this summer to be loaded with player movement, and wasn't complaining about so many big names — Durant, Leonard, Chris Paul, Russell Westbrook, Anthony Davis, Paul George, Kyrie Irving, Al Horford, Jimmy Butler and many more — needing to file change-of-address cards. "At the end of the day, it's positive for the league," Silver said. "I will say, though, I'm mindful of this notion of balance of power, and I think it applies in many different ways. An appropriate balance of power between the teams and the players ... at the end of the day, you want to make sure you have a league where every team is in a position to compete." There were some clear winners in free agency: Brooklyn (who got Durant and Irving), the Los Angeles Clippers (who got George and Leonard) and the Los Angeles Lakers (who got Davis) were among them. It could be argued that the Oklahoma City Thunder won as well — no, they won't be as good this season as they were this past season after trading George and Westbrook, but general manager Sam Presti has enough draft picks now to enjoy flexibility for years. The losers are clear as well: Toronto lost Leonard and Danny Green and Golden State lost Durant, so last season's finalists certainly aren't favorites to be this season's finalists. It's also easy to say that New York lost after coming up empty on the big-name free agents, but the Knicks got plenty of good players on deals that ensure the team will have money again next summer. A lookahead at what's coming, and some notes on what's gone down: SO NOW WHAT? Any NBA withdrawal will really only last about three weeks, until roughly three dozen players return to Las Vegas for USA Basketball's training camp leading up to the FIBA World Cup in China that starts on Aug. 31. San Antonio's Gregg Popovich is coaching the Americans, assisted by Golden State's Steve Kerr, Atlanta's Lloyd Pearce and Villanova's Jay Wright. Zion Williamson, knee permitting, may take part in camp as one of the young players brought in to help the more-established pros get ready. If Williamson impresses, he may get a shot at joining the varsity club. Also, this season's NBA schedule is likely to come around the second week of August, if recent years are any indicator. WHO'S LEFT? Plenty of free agents remain unsigned, and that'll still be the case even in September as training camps get ready to open. It's still hard to see the Thunder keeping Paul, acquired in the Westbrook trade to Houston, so expect at least one more blockbuster trade before too long. Or can a player who is owed $121 million over the next three seasons be bought out? Stay tuned. Carter wants to come back for a 22nd NBA season, which would be a league record. If he gets into a game after Jan. 1, he'll also become the first NBA player to appear in four different decades. Jamal Crawford remains out there as well, and contenders should be calling him. LOADED WEST Philadelphia, Boston, Brooklyn, Indiana and Miami all likely got better in the East. Milwaukee kept most of its team that won an NBA-best 60 games. The East will be good. The West might be bloody. The Clippers, the Lakers, Houston, Golden State, Denver, Utah, Portland and San Antonio could end up as the eight playoff teams in the Western Conference. It's plausible; they're probably the most realistic eight picks right now. But at least four of those teams — most of them with superstar duos that are all the rage now — won't be in the second round of next season's playoffs. LONGEVITY AWARD For now, Golden State's Stephen Curry is the longest-tenured player under contract to one team. He's entering his 11th season with the Warriors. With Nowitzki (21 seasons with Dallas) retired, Mike Conley (12 seasons with Memphis) traded to Utah and Westbrook (11 seasons with Oklahoma City) traded to Houston, no current player has had a longer uninterrupted run with one team than Curry. But if Udonis Haslem re-signs with Miami, it'll be his 17th season with the Heat. THE NUMBERS Including the $196 million extension for Portland's Damian Lillard, a $170 million extension for Denver's Jamal Murray and another in-the-works $170 million extension for Philadelphia's Ben Simmons, NBA teams have committed to spend roughly $4 billion in new deals that were struck in the last three weeks alone. And that's with 100 more signings to come, at least. That $4 billion figure is twice what the total payroll was a decade ago for every team in the league, combined......»»

Category: sportsSource:  abscbnRelated NewsJul 15th, 2019

End of an era: Westbrook exits Oklahoma City

By Steve Aschburner, NBA.com LAS VEGAS – Just when you thought it was safe to step out from under a doorway, another seismic tremble rumbled through the NBA Las Vegas Summer League Thursday evening (Friday, PHL time). Earthquake again? Nope, just more Thunder. Get your first look at the NBA’s top Rookies during NBA Summer League LIVE on NBA League Pass! Oklahoma City and general manager Sam Presti were back at it, this time reportedly sending former Kia MVP Russell Westbrook to the Houston Rockets for guard Chris Paul, first-round draft picks in 2024 and 2026, and pick swaps in 2021 and 2025. Six days earlier, OKC had stunned the pro hoops world by trading All-Star wing Paul George to the LA Clippers, serving up the co-star that coveted free agent Kawhi Leonard wanted as a condition of signing with Staples Center’s other NBA team. That deal yielded for the Thunder forward Danilo Gallinari and guard Shai Gilgeous-Alexander, along with five first-round picks and swap rights on two more. The biggest difference in moving Westbrook was that this one was anticipated. George had gone to Presti quietly after conspiring with Leonard, requesting the trade in a way that enabled the OKC GM to work behind the scenes. Presti had leverage on the Clippers, since he in essence was delivering both two-way stars – George and Leonard, who otherwise might have re-signed with Toronto – simultaneously. The deal Thursday (Friday, PHL time) paired Presti with Rockets counterpart Daryl Morey. Given their trade-happy track records, it wasn’t surprising that, if an NBA fan listened closely, he or she might have heard the sound of gods bowling. George’s departure and OKC’s subsequent trade of forward Jerami Grant to Denver made it clear which direction the Thunder were heading. Getting ousted from the playoffs’ first round for three consecutive years made the team’s $146 million payroll (and the luxury taxes it triggered) untenable. “People [within the league] knew they were going to do something pretty profound,” one GM told NBA.com earlier this week. “What they got for George was more than a king’s ransom. And if they end up trading Russell for all the tea in China, it will be the same deal again, right?” There were other suitors, most notably Miami, fueling speculation that Presti might not be done. How about Chris Paul to the Heat for expiring contracts, a prospect or two and more draft assets? As it is, the Thunder already have lassoed or retained an outrageous 15 first-round picks over the next six years. That sets up Oklahoma City ridiculously well, on paper, for the medium- and long-term. Short-term? Meh. A crew of Paul (if he stays), Gallinari, Gilgeous-Alexander, Andre Roberson, Steven Adams and Terrance Ferguson seems undermanned in the wild, wild West. But Presti has amassed enough picks that Thunder fans won’t have to worry about their favorite team tanking -- they can just root against the Clippers, the Heat and the Rockets in hopes of desirable draft positions. Westbrook deserves credit for spending the first 11 years of his career in an unglamorous, small-revenue market (though $168 million in NBA earnings had something to do with it too). He had two MVPs (Kevin Durant and James Harden) and one MVP candidate (George last season) leave via trade or free agency before he did. Now he has a chance, re-teamed with Harden in Houston, to step into the void opened by Golden State’s anticipated decline in 2019-20 (Durant’s departure from the Bay has something to do with that). The Rockets and Morey have to be on the clock, their extended window as championship contenders not likely to stay propped open for long. Westbrook and Harden, a tandem of past MVPs, should have most of their statistical and usage itches scratched by now. Each badly needs a ring on his resume. Paul, meanwhile, might find himself hooking up with Jimmy Butler with the Heat, a pairing that makes more sense than Butler-Westbrook at least in terms of basketball compatibility. Presti’s performance over the past 10 days or so has been “breathtaking,” according to the rival GM. But with so many folks in and outside OKC so eager to spin the Thunder’s picks and prospects forward, a nagging question remains: What should we make of their past? In Presti’s 12 seasons, beginning with the franchise still in Seattle in 2007-08, his team has won 50 games or more six times (counting the 47-19 equivalent in lockout-shortened 2011-2012). Over the Thunder’s first 10 seasons in Oklahoma, only the San Antonio Spurs won more often. The Thunder have reached the postseason nine times, winning 14 series. They lost the Finals in five games to Miami in 2012, and got bounced three times from the conference finals, once from the West semifinals and four times from the first round. There were injuries and close calls, sure, but those are a part of it for everyone. Drafting, Presti strung together Durant (No. 2 overall in 2007), Westbrook (No. 4, ’08) and Harden (No. 3, '09). His record deeper into the first round has been predictably mixed: Reggie Jackson (No. 24, ’11) and Adams (No. 12, ’13) on one side of the ledger, fellows such as Perry Jones (No. 28, ’12), Mitch McGary (No. 21, ’14) and Cameron Payne (No. 14, ’15) on the other. The Thunder’s two most notable trades prior to this summer involved Harden going out and George coming in. When they sent out Harden -- the league’s reigning Kia Sixth Man of the Year award winner in 2012 -- it was an anticipatory financial move that for a time kept them out of luxury tax trouble ... as well as the Finals. When Presti traded for George in 2017, the players he gave up, Victor Oladipo and Domantas Sabonis, had a better first season in Indiana than George in OKC. But as with Westbrook, Presti got George to sign a *cough* long-term extension, and the former Pacer finished third in MVP balloting this spring. So bottom line, which is it: Should the Thunder’s extended run as a contender in the West be applauded? Or should they be considered underachievers, considering the three MVPs they had – Durant in 2014, Westbrook in 2017 and Harden (with Houston) in 2018 – as well as George? OKC got a total of 25 seasons from those four players, 23 of them in tandem or as a trio. Only Durant as a rookie and Westbrook in 2016-17 worked as a solo act, star-wise. Those two plus George made a total of 17 All-Star appearances while playing for the Thunder, and in seven of the past nine seasons, OKC sent two to the February gala. That’s a lot of firepower for a fairly limited payoff (the lone Finals trip). So as excited as the Thunder and their fans might be for what’s headed their way, they’re right to feel melancholy over what’s done and now gone. Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsJul 12th, 2019

Nomura sees Q2 economic growth at 5.8%

Nomura Securities Ltd. expects the Philippine economic growth to fall below six percent in the second quarter due to the trade war between the US and China, as well as the delayed passage of the 2019 national budget......»»

Category: financeSource:  philstarRelated NewsJul 1st, 2019

S& P keeps PH economic growth for 2019 at 6.3%

S&P Global Ratings is maintaining its Philippine growth forecast for this year at 6.3 percent, as it sees the worsening trade war between the United States and China and an…READ The post S&P keeps PH economic growth for 2019 at 6.3% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 29th, 2019

More ivory trade reforms anticipated after market sees strictest sales ban yet

In China, elephants have long been regarded as a symbol of happiness. The Chinese characters for “elephant” and “lucky” are both pronounced “xiang,” yet it’s hard to think of the animal as lucky when craftsmen co.....»»

Category: newsSource:  mb.com.phRelated NewsSep 27th, 2016

Singapore lowers growth forecast as virus hits economy

SINGAPORE – Singapore cut its economic growth forecast for this year on Monday, February 17, as the coronavirus batters tourist arrivals and trade. The city-state is one of the worst affected places outside China, with 75 cases of the virus so far. China has more than 70,000 infections ........»»

Category: newsSource:  rapplerRelated News8 hr. 24 min. ago

Chinese ship’s crew quarantined in Agusan

All 21 Chinese crewmembers of a cargo vessel from China have been subjected to quarantine, following orders to prohibit the entry of foreign maritime vessels into all seaports in a bid to prevent the spread of the coronavirus disease 2019......»»

Category: newsSource:  philstarRelated NewsFeb 16th, 2020

Coronavirus to Delay Global Recovery, Cause Oil Surplus

The coronavirus epidemic is expected to delay global economic recovery this year and push the global oil market into a supply surplus in the first quarter, according to independent research firm Capital Economics on Thursday. Brexit, the euro-zone crisis, the Sino-American trade war, China’s economic slowdown and the U.S. Federal Reserve lowering interest rates were […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 16th, 2020

Think tank sees widening trade gap

Barcelona-based Focus Economics sees the country’s trade deficit further ballooning over the next two years after narrowing last year as the growth in the importation of capital goods and raw materials will continue to outpace that of exports......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2020

Hong Kong unveils cash handouts as virus deepens economic woes

HONG KONG – Hong Kong announced a slew of cash subsidies on Friday, February 14, to help businesses that have been battered by the coronavirus outbreak in a city already reeling from a recession. The US-China trade war and months of seething pro-democracy protests last year had already ........»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2020

China s Hubei Province Reports a Record 254 New Coronavirus Deaths

Authorities in the central Chinese province of Hubei say 254 more people have died in the outbreak of a new coronavirus that has killed more than 1,300 people since December.The announcement.....»»

Category: newsSource:  manilanewsRelated NewsFeb 14th, 2020

China s Hubei Province Reports a Record 254 New Coronavirus Deaths

Authorities in the central Chinese province of Hubei say 254 more people have died in the outbreak of a new coronavirus that has killed more than 1,300 people since December.The announcement.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 14th, 2020

Virus fears send Wall Street down after U.K. finance minister quits

NEW YORK, USA – Renewed concerns over the virus epidemic in China sent Wall Street into the red on Thursday, while London's stock market slid after UK finance minister Sajid Javid abruptly quit Prime Minister Boris Johnson's government. In a reversal from a day prior when Wall Street closed at record highs, all 3 major US ........»»

Category: newsSource:  rapplerRelated NewsFeb 14th, 2020