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US, China set to sign vital trade truce Wednesday

The world’s two dominant economic powers, the United States and China, are poised to sign a trade truce Wednesday that will allow businesses around the globe to breathe a sigh of relief. Although tariffs on hundreds of billions of dollars of two-way trade will remain in place, likely at least until after President Donald Trump […] The post US, China set to sign vital trade truce Wednesday appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneJan 15th, 2020

US, China sign ‘momentous’ trade deal

WASHINGTON, D.C.: The United States and China signed a truce in their trade war on Wednesday (Thursday in Manila) after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place. The “phase one” deal is also a boon for Donald Trump as he faces an impeachment trial and a […].....»»

Category: newsSource:  manilatimes_netRelated NewsJan 17th, 2020

US, China sign momentous trade deal

The United States and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place......»»

Category: newsSource:  philstarRelated NewsJan 16th, 2020

U.S., China sign momentous trade deal

WASHINGTON DC, USA – After nearly two years of conflict between the world's two dominant economic powers, the United States and China signed a trade truce on Wednesday, January 15, letting businesses around the globe breathe a sigh of relief. US President Donald Trump, who currently faces an impeachment trial and then ........»»

Category: newsSource:  rapplerRelated NewsJan 16th, 2020

US-China deal a mixed success

Washington---President Donald Trump is set to sign a trade deal with China on Wednesday that he will trumpet as a major victory, but it comes at a steep cost after a two-year standoff between the world’s two top economic powers......»»

Category: financeSource:  thestandardRelated NewsJan 13th, 2020

Failing to understand the trade war with China

​The signing of a truce in the trade war between the US and China dubbed as “Phase One” has elicited some kind of perplexing relief. This observation is not unusual, for it seems the US has not really managed to escape from the doctrine enunciated by the 17th century British economist David Ricardo who laid down the “comparative advantage theory” that he who can produce more at a lower cost is likely to emerge victorious. At the outset, US President Trump has expressed irritation about the trade imbalance making him the top honcho of the real estate dealers to win the presidency......»»

Category: newsSource:  thestandardRelated NewsJan 25th, 2020

US-China agreement ends 18 months of uncertainty

  IN so many ways, the trade agreement signed last Wednesday by United States President Donald Trump and China Vice Premier Liu He was an “incredible breakthrough” and a “momentous step,” in the words of the US president. The “phase one” agreement included pledges for China to increase its imports of American goods to help […].....»»

Category: newsSource:  tempoRelated NewsJan 19th, 2020

Dow, S& P 500 end at records as US-China deal signed

Major Wall Street stock indices edged to fresh records on Wednesday while European and Asian markets mostly retreated as the United States and China signed a long-anticipated trade agreement. Both the Dow and S&P 500 finished at all-time highs, while the Nasdaq ended barely positive. Analysts increasingly question whether valuations are getting out of control […] The post Dow, S&P 500 end at records as US-China deal signed appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 16th, 2020

China confirms negotiator to sign trade deal in U.S. next week

BEIJING, China – China said on Thursday, January 9, that Vice Premier Liu He will travel to Washington next week to sign the "phase one" deal with the United States that has lowered trade tensions between the world's two biggest economies. The signing will cap a nearly two-year spat that ........»»

Category: newsSource:  rapplerRelated NewsJan 9th, 2020

In appreciation: David Stern made the NBA what it is today

By Tim Reynolds, Associated Press David Stern once predicted that the NBA would have a division in Europe within 10 years. A few years later, he said it again. And a few years after that, he said it yet again. It never happened. That was a rarity in Stern’s life and career. Usually, when he wanted something, he got it. He wanted the league to grow under his watch, and it did. He wanted the game to grow internationally, and it did. He wanted players to dress more professionally, and the pregame show in locker rooms now is akin to a fashion show. He was a basketball tour de force, doing it in suits and wing-tips instead of jerseys and sneakers, and unquestionably is why the league is so successful today. Stern died Wednesday (Thursday, PHL time), nearly three weeks after a brain hemorrhage made the end inevitable. He was the NBA’s commissioner for exactly 30 years — from Feb. 1, 1984, through Feb. 1, 2014 — and turned a league that was having its biggest games shown on tape delay into the multibillion-dollar global juggernaut that it is today. “We all sit here and we have these jobs and we all owe a great deal and a great debt to him for making all of our lives better,” Basketball Hall of Famer Isiah Thomas said. “He truly was, and is, the father of what the NBA is now.” Thomas said those words on NBA TV — which, without Stern, probably wouldn’t exist. Stern began building the bridge that connected the NBA and China, which has been a mutually beneficial relationship financially and likely will remain that way once the rift that was born this fall over political differences calms down. He took the league from 23 to 30 teams. He championed the birth of the WNBA. “For those of us who have made a life from this league, words don’t do justice to what he meant,” NBA spokesman Tim Frank wrote on his personal Twitter account. “He was unique, brilliant, tough but maybe most importantly he stood by what he believed every time no matter the personal cost.” Stern never sought popularity. He seemed to embrace conflict. When a tough decision had to be made — vetoing the trade of Chris Paul, for example — he welcomed it and accepted the repercussions from whoever was going to complain. He also was the calm in the eye of storms, such as leading the support for Magic Johnson after the Los Angeles Lakers great retired in 1991 after being diagnosed with HIV. “When he first took over, the league was not as popular as it is now,” Hall of Famer Grant Hill said. “There were challenges. There were problems. And I think him coming in ... his vision, his leadership, he fought for the game of basketball. He fought for this league. He had a vision that this league could really transcend, that it could reach all people.” He was right, and his words carried enormous weight. Miami coach Erik Spoelstra remembers when the Portland Trail Blazers — his father, Jon Spoelstra, was a member of that team’s front office — drafted Arvydas Sabonis and Drazen Petrovic, international talents who might not have ever gotten to the NBA if not for Stern. Jon Spoelstra had a million of those stories for his son, telling him that Stern was “a brilliant visionary.” So when Erik Spoelstra became coach of the Heat in 2008, he found himself in a meeting with Stern and still acknowledges being intimidated. “But I went up to him and told him that, and just to let him know that there are a lot of people that really benefited from his vision and his leadership,” Spoelstra said. Stern also had the gift of being simultaneously gruff and gracious. He was acerbic and often acted like the smartest guy in the room, usually because he was the smartest guy in the room. He ruled with an iron fist. If you worked for the NBA, you worked for him and you were going to do things his way. That was his cover, anyway. He tried to hide that he had an enormous heart. When an NBA employee’s family member was diagnosed with brain cancer, Stern got word of it and had that relative in front of experts at renowned Memorial Sloan Kettering Cancer Center within hours after making a couple of calls. When staffers would accompany Stern on business trips, he’d act like a flight attendant, completely ignoring the fact that the private plane actually had a flight attendant. He’d ask his travel companions if they wanted anything, over and over. He morphed from boss to host on those trips. And when he got wind that another league employee desperately wanted to meet country singer Toby Keith, Stern found himself at an event with the recording star. He told Keith someone wanted to meet him, called the employee over and surely enjoyed how tongue-tied she was by the surprise encounter. There are tons of stories like those that will be told in the coming days. Most NBA players towered over him, of course, but Stern is unquestionably one of the league’s — and one of the game’s — absolute giants. “We owe him,” the National Basketball Players Association said. “And we will miss him.” ___ Tim Reynolds is a national basketball writer for The Associated Press. Write to him at treynolds@ap.org.....»»

Category: sportsSource:  abscbnRelated NewsJan 2nd, 2020

Bucks beat Pacers 117-89, spoil Brogdon s return

By Keith Jenkins, Associated Press MILWAUKEE (AP) — Giannis Antetokounmpo had 18 points, 19 rebounds and nine assists, and the Bucks spoiled Malcolm Brogdon's return to Milwaukee with a 117-89 victory over the Indiana Pacers on Sunday night (Monday, PHL time). Wesley Matthews scored 19 points for NBA-leading Milwaukee, which has won three in a row since a 120-116 loss to Dallas stopped an 18-game win streak. Brook Lopez and George Hill each had 17 points. Brogdon was drafted by Milwaukee and spent his first three seasons with the Bucks before he was acquired by Indiana in a sign-and-trade deal over the summer. He was welcomed back with cheers and a tribute video, and finished with 10 points on 5-of-19 shooting and 10 assists. “I would have loved (to continue) to play for this team if they had wanted me, if they had valued me the way the Pacers valued me," Brogdon said before the game. The 6-foot-5 Brogdon was voted NBA Rookie of the Year in 2017. He became the eighth member of the league's 50-40-90 club last season (shooting at least 50% from the field, 40% from 3-point range and 90% from the free-throw line). He was averaging a career high in points (18.7), rebounds (4.6) and assists (7.5) coming into the game. Brogdon scored his first points on a layup with 10:28 to play in the second quarter, giving the Pacers a 26-24 lead. Donte DiVincenzo made a layup to give Milwaukee a 56-55 advantage with 53 seconds to play in the first half, and the Bucks never trailed again. Milwaukee outscored Indiana 58-34 in the second half and had a 48-34 advantage in points in the paint. Domantas Sabonis had 19 points and 18 rebounds for the Pacers. Doug McDermott scored 15 points. Brogdon was serenaded with “Thank you, Malcolm!” chants as time wound down. “That was tough. That was one of the tough parts. These fans here were amazing to me for three years,” Brogdon said. “And I felt like I got to see the city grow. I got to see their love for the game grow.” TIP-INS Pacers: Indiana has lost four straight against the Bucks dating to last season. The Pacers are 0-2 against Milwaukee this season, losing 102-83 at home on Nov. 16 (Nov. 17, PHL time). Bucks: Milwaukee played its fifth game (4-1) without guard Eric Bledsoe, who fractured his right leg against the Memphis Grizzles on Dec. 13 (Dec. 14, PHL time). Bledsoe is expected to miss about two weeks. UP NEXT Pacers: Host the Raptors on Monday (Tuesday, PHL time). Bucks: At the 76ers on Wednesday (Thursday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsDec 23rd, 2019

Heat hold on late, end 76ers unbeaten start at home

By Dan Gelston, Associated Press PHILADELPHIA (AP) — Kendrick Nunn scored 26 points to help the Miami Heat hand the Philadelphia 76ers their first home loss of the season, 108-104 on Wednesday night (Thursday, PHL time). The 76ers had been 14-0 at home, including a 113-86 victory over the Heat last month. Tobias Harris buried a 3-pointer for the Sixers with 25.5 seconds left that made it 106-104 and they had sudden life when Nunn missed twice at the free throw line. Al Horford, though, missed an open 3-point attempt from the wing and the Heat escaped in a thriller. Bam Adebayo scored 23 points and Duncan Robinson had 15 for the Heat. Robinson made a pair of 3s in the fourth that stretched the lead to 14 points, and Nunn buried a 30-footer for a 99-83 lead. Joel Embiid, who missed Sunday's (Monday, PHL time) rout by the Nets with an upper respiratory illness, had 22 points and 19 rebounds. Harris scored 20 points. Jimmy Butler scored 14 points for the Heat and was pretty much a non-factor until late in his second game back in Philadelphia. Butler was soundly booed the first few times he touched the ball and continued to get jeers throughout the game. He played 55 regular-season games for the Sixers last season, averaging 18.2 points after being acquired in a trade with Minnesota last November. He helped Philadelphia beat Brooklyn in the first round of the playoffs before the 76ers were eliminated in the second round by Toronto. Butler left Philadelphia in the offseason, signing a $142 million, four-year deal with the Heat in a sign-and-trade that brought Josh Richardson to Philadelphia. Heat coach Erik Spoelstra said Butler has been a perfect fit for a team trying to return to the playoffs after missing them last season. "I feel like I've coached a lot of guys like Jimmy that are adults, that are very serious about winning, about the process of winning," he said. "Ultra competitive. He's a max player. We wanted a max player, someone that would fit our culture and our system. Someone that would share our values and I think you're seeing that kind of affect with that kind of player. There's very few of them on this planet. That's why we went after him so aggressively." Richardson did his part late, hitting a 3 that made it an eight-point game and one more that made it 101-97 and sent another packed house into a frenzy. With a perfect home start still within reach, the 76ers coughed up the ball to Miami -- and Butler crushed them with an assist on a 3 from Derrick Jones Jr. that gave the Heat needed breathing room. Butler sank two free throws with 33.9 seconds left, toying with the 76ers to the end. TIP-INS Heat: Nunn hit four of Miami's 12 3-pointers. 76ers: Butler struck a friendship with Embiid and remained a fan of the All-Star center. "That dude, he's real," Butler said. "He does everything well. He's a true generational talent." HE SAID IT "Gregg Popovich and Pat Riley." 76ers coach Brett Brown on how to build a generational franchise like San Antonio and Miami. UP NEXT Heat: Host the Knicks on Friday (Saturday, PHL time). 76ers: Play back-to-back home games Friday (Saturday, PHL time) against Dallas and Saturday (Sunday, PHL time) against Washington......»»

Category: sportsSource:  abscbnRelated NewsDec 19th, 2019

US-China trade deal gets tepid reception

WASHINGTON, D.C.: United States officials announced a truce in the trade war with China with much fanfare, but economists and trade experts call it largely a victory for Beijing. After a dispute that raged for close to two years, with several fumbled efforts at a resolution, the US agreed to cancel planned tariffs and rollback […].....»»

Category: newsSource:  manilatimes_netRelated NewsDec 15th, 2019

Asian markets mostly up

Hong Kong, China (AFP) — Asian markets mostly rose Wednesday but investors are growing nervous at the lack of news on China-US trade talks, with Washington yet to cancel tariffs on a swathe of Chinese goods planned for the weekend. Negotiators are still trying to hammer out a mini agreement and the mood on trading […] The post Asian markets mostly up appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 11th, 2019

Trade hopes lift Asia markets

Hong Kong, China (AFP) — Optimism over the China-US trade talks kept Asian markets buoyant on Friday, with investors betting the two will eventually sign a partial deal, though they remain nervous as next week’s deadline for fresh tariffs draws closer. Sentiment across trading floors has ebbed and flowed through the week as observers try […] The post Trade hopes lift Asia markets appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 6th, 2019

First time: Brazil stocks top 110,000 points

Brazil’s stocks topped 110,000 points for the first time Wednesday, tracking gains on global markets following an upbeat report on US-China trade talks. Bloomberg quoted people familiar with the negotiations as saying a partial deal could be finalized soon that would avert new tariffs threatened for later this month. Official data showing the third straight […] The post First time: Brazil stocks top 110,000 points appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 5th, 2019

Market declines; Jollibee advances

The stock market fell again Wednesday in step with the rest of the region, as Asian investors extended a sell-off in global markets after Donald Trump poured cold water on the chances of a trade deal with China by the end of the year......»»

Category: financeSource:  thestandardRelated NewsDec 4th, 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

Hong Kong stocks tumble

Hong Kong stocks plunged Thursday after US lawmakers passed a bill supporting the city’s rights, fueling fears about ongoing China-US trade talks and raising concerns about its economic outlook. Both houses of Congress overwhelmingly agreed to the bill on Wednesday and sent it to be signed off by Donald Trump. The Hong Kong Human Rights […] The post Hong Kong stocks tumble appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 21st, 2019

Asian markets sink amid HK unrest

Asian markets sank Wednesday on renewed concerns about the China-US trade talks after Washington lawmakers passed a bill supporting Hong Kong civil rights, a move likely to spark anger in Beijing. The vote by the senate came as investors were already growing nervous about the lack of solid news on negotiations for a mini tariffs […] The post Asian markets sink amid HK unrest appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 20th, 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