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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

Sol, PJ, Thoss head free agents list

PBA teams are given up to 5 p.m. on Wednesday, Sept. 23, to submit their 15-man rosters plus an optional reserve player for the 45th season restart in the Clark bubble and may sign up free agents or renew expired contracts until the deadline but will not be allowed any trade......»»

Category: sportsSource:  philstarRelated NewsSep 19th, 2020

Palace: Philippines can set aside South China Sea issues for infra, trade

Despite concerns about the involvement of Chinese firms in vital projects, Malacañang said that national interest requires that flagship infrastructure projects be completed......»»

Category: newsSource:  philstarRelated NewsSep 2nd, 2020

‘Trade war, Covid-19 behind Honda closure’

THE global economic slowdown resulting from the prolonged trade war between the United States and China and the coronavirus disease 2019 (Covid-19) outbreak pushed Honda Cars Philippines Inc. (HCPI) to close its manufacturing plant in Sta. Rosa City, Laguna province, Trade Secretary Ramon Lopez said on Wednesday. In a statement, the chief of the Department […].....»»

Category: newsSource:  manilatimes_netRelated NewsFeb 27th, 2020

African nations more vulnerable to coronavirus infection

Egypt, Algeria and South Africa are at high risk of suffering from the deadly coronavirus, a study released Wednesday suggested. The Lancet medical journal reported that the three African countries were at particular risk because of higher levels of travel and trade with China, where the coronavirus disease 2019 (Covid-19) virus first arose. Egypt’s health […] The post African nations more vulnerable to coronavirus infection appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsFeb 20th, 2020

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

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