Automakers hope Trump will hold off on new round of tariffs

Still, there may be reasons for auto industry executives to relax a bit. On Friday, Chinese Commerce Ministry spokesman Gao Feng told reporters that “high-level contacts between the two sides on economics and trade have resumed following the November 1 conversation between the Chinese and American heads of state.” What, if anything, that might translate…

opportunities in Singapore, China and Indonesia

“I think China, Singapore, Indonesia, all these markets look quite interesting,” Tantia said. For China, Tantia acknowledged that the country’s ongoing trade war with the U.S. was a “very complex issue.” “Our view has been that President Xi and President Trump will agree on some kind of framework under which they will hold the negotiation…

Citi clients adjust manufacturing bases, supply chains

The poll, conducted in early November, found that more than half of those companies have plans to adjust their supply chains, which include shifting manufacturing sites or investing in new ones to circumvent additional tariffs that the U.S. and its trading partners — including China and the European Union — have imposed on each other….

Hong Kong housing prices could fall 25 percent  on trade war: JLL

“All the macro factors are out there,” Peter Churchouse, CEO of Hong Kong real-estate investor Portwood Capital, told CNBC on Wednesday. Churchouse expects the price decline to end up at about 15-20 percent through the end of 2019. But Hong Kong is well placed to take such a hit, he noted, as households, property developers…

Trump absence in ASEAN summit signals ‘not as committed’ to Asia

However, not everyone agrees. “There’s a perception issue around the president not attending. But I think if you actually want to get things done and actually want to send serious messages to people, (Pence) can do that very very well,” Dane Chamorro, senior partner at Control Risks, a strategic consulting firm, told CNBC. “I would…

Central banks should consider issuing digital money: IMF boss Lagarde

Central banks should consider issuing digital currencies as money faces a “historic turning point,” according to IMF Managing Director Christine Lagarde. In a speech at the Singapore Fintech Festival on Wednesday, Lagarde highlighted the changing nature of money as demand for physical cash decreases around the world. She said central banks have a role supplying…

US-China trade, oil, currencies in focus

Oil prices fell more than 7 percent Tuesday to extend their losing streak to 12 straight sessions. Oil’s decline on Tuesday came after Trump said he hoped OPEC would not cut oil production in order to lift prices. “Oil prices have dropped sharply since peaking in early October as oversupply concerns have deepened,” Vivek Dhar,…