Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.
NEW YORK/ LONDON, July 18- Raw sugar futures on ICE fell on Thursday to their lowest levels in eight weeks, pressured by signals of weak Asian demand and the prospect of Indian exports, while New York cocoa prices inched higher. *October raw sugar settled down 0.24 cent, or 2%, at 11.55 cents per lb, after hitting a May 23 low of 11.53 cents. *October white sugar settled up...
Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its attractiveness.
Three industry sources told Reuters on Tuesday that the United States and Japan were working on a small trade deal involving agriculture and autos that could be agreed by President Donald Trump and Prime Minister Shinzo Abe when they meet in New York in September. Asked about progress in the bilateral trade talks, Koji Tomita, Japan's sherpa to the Group of 20...
CHICAGO, July 17- Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. However, a recent increase in Chinese pork prices is raising expectations that China may now...
HANOI, July 17- When Nguyen Thi Thu Huyen started work at the No. 40 Garment Factory, it was still producing boots and uniforms for the Vietnamese army, just as it had done during the Southeast Asian country's long war with the United States. Vietnam had already begun its "doi moi" process of reform at the time, but it was still under a U.S. trade embargo that would not be...
WASHINGTON, July 16- The United States and Japan are working on a quid pro quo deal involving agriculture and autos that could be agreed by President Donald Trump and Japanese Prime Minister Shinzo Abe when they meet in New York in September, three industry sources familiar with the discussions said on Tuesday. An auto industry official said the deal could...
WASHINGTON, July 16- The International Monetary Fund on Tuesday said Vietnam's economic growth was expected to slow to 6.5% in full-year 2019 from a 10- year high of 7.1% in 2018, reflecting weak external conditions. Vietnam's gross domestic product was expected to expand by 6.5% again in 2020 and over the medium term, the IMF said in a report on the country's...
"I hope the North Koreans will come to the table with ideas that they didn't have the first time. We hope we can we be a little more creative too," says U.S. Secretary of State Mike Pompeo.
NEW YORK/ LONDON, July 12- Arabica coffee futures on ICE eased on Friday, with the outlook for Brazil's 2020 crop remaining favorable despite last weekend's frost, while August white sugar tumbled to an 11- month low ahead of the contract's expiry next week. *Much of the week's losses occurred on Monday, when prices fell sharply as early assessments of a weekend...
BOGOTA, July 12- Colombia, the world's top supplier of washed arabica, is creating a special fund to subsidize coffee farmers when production costs fall below international prices. The global price crisis has pushed large numbers of them out of business, with potentially wide-ranging implications in Colombia, where coffee is the chief alternative crop to coca,...
Tony Nash of Complete Intelligence says the passing of the USMCA will help Mexico in a "big way" and he will be "looking hard" for opportunities in the country.
Japan's Nintendo plans to shift a part of the production of its Switch gaming consoles to Vietnam from China in an effort to diversify manufacturing sites, a spokeswoman said on Tuesday.
LONDON, July 4- Vietnam is looking at relaxing restrictions on currency hedging tools and could start on a gradual path of changes in two to three years time, a top official said on Thursday. "We have been discussing with the central bank how to create a hedging instrument," Nguyen Duc Chi, the Chairman of Vietnam's State Capital Investment Corporation, which is akin...
The U.S. Commerce Department said on Tuesday it would slap tariffs of up to 456% on certain steel produced in South Korea or Taiwan which are then shipped to Vietnam for minor processing and finally exported to the United States. "The Ministry of Industry and Trade has warned local companies about possible moves by importing countries, including the United...
Net-net, Vietnam has been the only winner in the U.S.-China trade war thus far, says Aidan Yao of AXA Investment Managers. Other Southeast Asian economies lost because their exports to China fell more than their exports to the U.S. increased, he says.
*Demand growth in SE Asia, India to outstrip China decline. NUSA DUA, Indonesia, July 4- After riding China's demand train for nearly two decades, Asia's coal industry is looking to a future of smaller markets and slimmer pickings, as buying declines in the world's second-biggest economy and climate change concerns blunt demand. By far the biggest user of...
Switzerland has been ranked the best place in the world to live and work, stealing the crown from Singapore which was at the top for five consecutive years.
Vietnam has emerged as a large beneficiary amid the U.S.-China trade deal. A new deal is solidifying Hanoi's privileged position.
The greenback fell Wednesday after Trump said in a tweet that the U.S. should match China and Europe's currency manipulation.
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