Tuesday, 20 November, 2018

China's Yuan Set for Biggest Two-Day Gain Since January on Trump

Chinese tech stocks are going bananas after Trump said he had a 'good conversation' with Xi Jinping on trade China's Yuan Set for Biggest Two-Day Gain Since January on Trump
| 02 November, 2018, 15:55

The Trump administration has imposed tariffs on $250bn of trade with China this year and has threatened to hit all imports from China, which were worth $505bn last year.

Trump said earlier on Twitter that he and Xi had a "very good" conversation.

Trump said in a television interview on Monday he thinks there will be "a great deal" with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn't possible.

On Thursday, the U.S. accused a Chinese state-owned company of conspiring to steal trade secrets of USA chip-maker Micron Technology Inc as part of a Justice Department crackdown against China in cases of suspected economic espionage.

Attorney General Jeff Sessions, center, announces the creation of a new initiative to crack down on Chinese intelligence officials pilfering intellectual property from USA corporations during a press conference in Washington, Nov. 1, 2018.

Federal Bureau of Investigation director Christopher Wray said the US has filed a civil lawsuit seeking to prevent the two indicted companies, Taiwan-based United Microelectronics Corp. and China's state-owned Fujian Jinhua Integrated Circuit, from exporting any products created using USA trade secrets and blocking the further transfer of trade secrets.

China and the United States are locked in an increasingly bitter trade war.


Both sides reported that they had constructive discussions on North Korea and trade, with Chinese state media saying that Mr Trump supported "frequent, direct communication" between the presidents and "joint efforts to prepare for" the planned meeting on the sidelines of the Group of 20 summit, which is scheduled to take place from from Nov 30 to Dec 1.

However, "policy talks" will determine whether he imposes additional duties, "not an arbitrary timeline", said Kudlow, who served as the Trump campaign's senior economic adviser.

"Both leaders attach great importance to China-U.S. ties and economic ties", Lu said.

In recent months, China has repeatedly questioned the US's sincerity in trade talks, wary of agreeing to something only to have Mr Trump change his mind. And they're having a hard time, and they'll be fine, ' Trump said Wednesday. "We have a new deal", he said adding that the U.S. is now negotiating with the European Union, which "has absolutely hurt" the United States. "If President Trump makes an agreement with President Xi, there is nobody above them to overturn it", he said.

"We do hope that China and the United States will meet each other halfway and work together in the spirit of mutual respect and equality", he added.

Tennessee Senator Lamar Alexander told Li that the delegation was there 'to show our respect to a great country and a great people, ' and that the two countries 'are competitors but not adversaries'. China has responded with retaliatory duties on $110 billion worth of United States goods.

Recommended

  • Gaza mourns three boys killed by Israel drone attack

    Gaza mourns three boys killed by Israel drone attack

    The Israeli military claimed that the boys were involved in planting an explosive device adjacent to the fence. According to the palestinian Centre for Human rights, they were between the ages of 14 to 15 years.
    Eagles Acquire WR Golden Tate For Third Round Pick

    Eagles Acquire WR Golden Tate For Third Round Pick

    We don't know how the reporter was sitting. "That's our message to our fans and that's our message to our organization". The impact he made on and off the field set an example for our team and serves as a testament to his character.
    Son of Jamal Khashoggi Has Left Saudi Arabia Despite Travel Ban

    Son of Jamal Khashoggi Has Left Saudi Arabia Despite Travel Ban

    Trump also said Riyad had staged the "worst cover-up ever" over the killing. "I do not trust the USA ", she told the Telegraph. Hatice Cengiz made the comments on Turkish television on Friday in her first interview since Khashoggi's death.
  • Carabao Cup quarter-final draw: Arsenal to host Spurs

    Carabao Cup quarter-final draw: Arsenal to host Spurs

    When asked by Sky Sports about his return to football , Wenger said: "Certainly at the beginning of 2019". They have a chance - but at the moment we have some other teams who look very strong as well".
    Why Trump wants to take birthright citizenship out of the Constitution

    Why Trump wants to take birthright citizenship out of the Constitution

    He called it "outrageous that the president can think he can override constitutional guarantees by issuing an executive order. Trump and many top aides have long seen the immigration issue as the most effective rallying cry for his base of supporters.
    OnePlus launches its new OnePlus 6T smartphone

    OnePlus launches its new OnePlus 6T smartphone

    The cameras remain the same but the company has added a couple of software enhancements to improve low-light and portrait photos. The decision was made to squeeze out extra space within the device to accommodate for the FOD module beneath the display.
  • Oprah doorknocks in support of possible first black female USA  governor

    Oprah doorknocks in support of possible first black female USA governor

    Oprah Winfrey - one of the most prominent celebrities in the United States - is a big supporter of Democratic gubernatorial candidate Stacey Abrams in Georgia .
    IOS 12.1 to bring Group FaceTime, dual-SIM support

    IOS 12.1 to bring Group FaceTime, dual-SIM support

    If you haven't installed watchOS 5.1 yet, you're better off delaying for now and also making sure you turn off automatic updates. This means that, at this moment in time, the adoption rate of iOS 12 is on par with, or slightly above, the popularity of iOS 10.
    IBM to Acquire Red Hat for $34 Billion

    IBM to Acquire Red Hat for $34 Billion

    IBM says it intends to keep Red Hat's headquarters in Raleigh . "This gives them an asset that looks forward and not backwards". The deal values the company at $190 a share, a almost 63 percent premium over where the stock traded on Friday, at $116.68.
  • Trump escalates threats against migrant caravan

    Trump escalates threats against migrant caravan

    The trip could be twice as long if the migrants head for the Tijuana-San Diego frontier, as another caravan did earlier this year. But the core group of mostly Honduran migrants has rejected his entreaty and continued heading north toward the USA border.
    Reports of RBI Governor Urjit Patel's possible resignation rock Indian government

    Reports of RBI Governor Urjit Patel's possible resignation rock Indian government

    CNBC-TV18 said all options are on the table for Reserve Bank of India Governor Urjit Patel , citing people it didn't identify. The statement further stated that, "Government of India has never made public the subject matter of those consultations".
    Celtic star admits he wanted Rangers to reach Betfred Cup final

    Celtic star admits he wanted Rangers to reach Betfred Cup final

    But while Rangers have made progress in the Europa League, they were knocked out of the Scottish League Cup by Aberdeen at Hampden at the weekend.

Bus plunges into Chinese river after fight between driver and passenger Bus plunges into Chinese river after fight between driver and passenger The bus collided with an oncoming vehicle before smashing through the guardrail and into the Yangtze River on Sunday. As the quarrel escalated, the statement said, the woman hit the driver on the head with her cellphone.

U.S. justice department charges former Goldman bankers in 1MDB scandal U.S.  justice department charges former Goldman bankers in 1MDB scandal It says initially a $1 billion investment was diverted and in subsequent phases money was siphoned from sales of 1MDB bonds. In June, anti-corruption investigators questioned Najib's wife about alleged theft and money-laundering.

Saudis dissolved Khashoggis body in acid after murder: Erdogan advisor Saudis dissolved Khashoggis body in acid after murder: Erdogan advisor He entered the Saudi Arabian consulate in Istanbul a month ago to obtain documents for his upcoming marriage, but never left. After initially denying Khashoggi had been killed, the Saudi government claimed he died in an unplanned "rogue operation".

West Ham fans laud Issa Diop's performance on Twitter West Ham fans laud Issa Diop's performance on Twitter But I respect the referee. "But for the moment, I can't give my opinion because I haven't seen the action". Should West Ham go ahead in the game, then they simply must see it out.

Human Pressures Have Shrunk Wildlife Populations by 60 Percent Human Pressures Have Shrunk Wildlife Populations by 60 Percent Wildlife populations have, on average, decreased by 60 percent since 1970, a new report by the World Wildlife Federations found. The index says half of the species in Canada saw a decline, and of those populations that fell, the dip was by 83 per cent .

Trump Blames US Media For ‘Division, Hatred’ After Synagogue Shooting Trump Blames US Media For ‘Division, Hatred’ After Synagogue Shooting Things got testy between White House Press Secretary Sarah Huckabee Sanders and CNN'sJim Acosta during Monday's press briefing. On Twitter on Sunday, he savaged billionaire businessman Tom Steyer, another target of the mail bombs.

Lifestyle programme for women with family history of breast cancer Lifestyle programme for women with family history of breast cancer For this reason it is important to regularly examine your breast by looking into the mirror and by feeling for new changes. The analysis revealed that there was a almost 70% chance that breast cancer would reoccur once it had gone into remission.

Anthony Davis of New Orleans Pelicans returns against Golden State Warriors Anthony Davis of New Orleans Pelicans returns against Golden State Warriors The two-time All-Star has four games with at least five 3-pointers and his 29 3s are second only to Golden State's Stephen Curry . A moment of silence was held before the game for San Francisco Giants Hall of Famer Willie McCovey, who died Wednesday at age 80.

Cricket players and officials can not be above the game Cricket players and officials can not  be above the game One Australian player declared "CA do not enjoy being challenged by commercial sponsors, players and other stakeholders". The relationships between CA and the ACA became strained during last year's volatile pay dispute .

PM Modi reaches Kevadiya to unveil Sardar Vallabhbhai Patel’s Statue Of Unity PM Modi reaches Kevadiya to unveil Sardar Vallabhbhai Patel’s Statue Of Unity Modi said Patel was a beacon of hope for India in the time of crisis and he will be a source of inspiration for ages to come. At 597 feet, it is reportedly the tallest statue in the world, and almost twice the size of New York's Statue of Liberty.

Svitolina fights past Bertens to secure first WTA final Svitolina fights past Bertens to secure first WTA final But then the fightback started as Stephens reeled off the next three games before Pliskova broke back to level at 3-3. I know that when I am fresh and fully motivated it is better than when I start again a week or two earlier.

Pakistan frees Christian woman facing death penalty for blasphemy Pakistan frees Christian woman facing death penalty for blasphemy If her death sentence had been carried out, Bibi would have been the first person executed by the state under the blasphemy laws. When they demanded she convert to Islam, she refused, prompting a mob to later allege that she had insulted the prophet Mohammed.

Donald Trump will hold another Florida rally November 3 in Pensacola Donald Trump will hold another Florida rally November  3 in Pensacola Newsom was leading by an average of 15-points in the four polls released in the last week in the race to succeed Democrat Gov. Trump has remained focused on the elections, even in the wake of a series of tragedies that have stunned the nation.

The New MacBook Air The New MacBook Air These are well known from other Apple products, but this is the first time color options have made their way to the MacBook Air. He emphasizes not only Mac's growth, but Apple's focus on maintaining their top position in customer satisfaction.

Indonesia rescuers retrieve body parts from Lion Air crash site Indonesia rescuers retrieve body parts from Lion Air crash site Debris was also seen near an offshore oil refinery operated by state-owned energy firm Pertamina, an official from the firm said . Feni, who uses a single name, said her soon to be married sister was on the flight, planning to meet relatives in Pangkal Pinang.