European stocks retreat on coronavirus fears and Trump’s trade threat

European markets declined on Thursday amid increasing concerns over the spread of the China coronavirus and worries that the EU is the next target on President Donald Trump’s trade list. The pan-European Stoxx 600 fell 0.4% in early trade, with basic resources dropping 1.4% to lead losses as all sectors and major bourses entered negative territory. The World Health Organization postponed a decision Wednesday over whether to declare the disease a global health emergency. Beginning Thursday mornin


European markets declined on Thursday amid increasing concerns over the spread of the China coronavirus and worries that the EU is the next target on President Donald Trump’s trade list.
The pan-European Stoxx 600 fell 0.4% in early trade, with basic resources dropping 1.4% to lead losses as all sectors and major bourses entered negative territory.
The World Health Organization postponed a decision Wednesday over whether to declare the disease a global health emergency.
Beginning Thursday mornin
European stocks retreat on coronavirus fears and Trump’s trade threat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, threat, fears, outbreak, concerns, trade, european, 600, retreat, health, chinese, trumps, disease, coronavirus, stocks, wuhan, worries


European stocks retreat on coronavirus fears and Trump's trade threat

European markets declined on Thursday amid increasing concerns over the spread of the China coronavirus and worries that the EU is the next target on President Donald Trump’s trade list.

The pan-European Stoxx 600 fell 0.4% in early trade, with basic resources dropping 1.4% to lead losses as all sectors and major bourses entered negative territory. The coronavirus remains at the forefront of investor concerns as the death toll from the disease continues to rise; 17 people have now died from the virus and there have been nearly 600 confirmed cases of the infection. The World Health Organization postponed a decision Wednesday over whether to declare the disease a global health emergency. Beginning Thursday morning Beijing time, all public transportation was suspended in the Chinese city of Wuhan, where the outbreak is believed to have started. The outbreak comes ahead of the Lunar New Year period which is set to kick off on Saturday, with hundreds of millions of Chinese citizens expected to travel domestically or abroad during the period.

Stocks on the move


Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, threat, fears, outbreak, concerns, trade, european, 600, retreat, health, chinese, trumps, disease, coronavirus, stocks, wuhan, worries


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Business leaders in Davos privately express concerns about China’s coronavirus outbreak

DAVOS, Switzerland — Leaders of American businesses attending the World Economic Forum have privately expressed concerns about the coronavirus, which has killed more than a dozen people in China. The talks also covered how leaders would manage their businesses amid the upcoming Chinese New Year celebrations and beyond. This executive declined to be named or disclose the name of the bank issuing the guidance, given the sensitivity of the matter. “We are advising staff to be aware of the situation


DAVOS, Switzerland — Leaders of American businesses attending the World Economic Forum have privately expressed concerns about the coronavirus, which has killed more than a dozen people in China.
The talks also covered how leaders would manage their businesses amid the upcoming Chinese New Year celebrations and beyond.
This executive declined to be named or disclose the name of the bank issuing the guidance, given the sensitivity of the matter.
“We are advising staff to be aware of the situation
Business leaders in Davos privately express concerns about China’s coronavirus outbreak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: brian schwartz
Keywords: news, cnbc, companies, outbreak, bank, concerns, leaders, declined, according, chinas, world, staff, express, executive, privately, named, business, coronavirus, virus, davos, china


Business leaders in Davos privately express concerns about China's coronavirus outbreak

DAVOS, Switzerland — Leaders of American businesses attending the World Economic Forum have privately expressed concerns about the coronavirus, which has killed more than a dozen people in China.

Several of these executives, who have investments in China, said on Wednesday that they are concerned about the virus spreading beyond China’s rural areas and into heavily populated cities, according to people with direct knowledge of the matter. These people declined to be named because they didn’t want to cause alarm.

The virus, which has sickened at least 440 people and killed 17 in China, has already spread into Beijing, Shanghai and Macau. Beyond China, the Centers for Disease Control and Prevention recently confirmed one case of the virus making its way to the U.S.

Some business leaders raised these concerns directly with President Donald Trump during a breakfast Wednesday morning, according to an executive at the gathering who declined to be named because the event was private.

Trump brushed aside those concerns, according to the executive, echoing comments he made earlier in the day, during an interview with CNBC’s Joe Kernen that aired on “Squawk Box.” The president said in the interview that he trusted China’s President Xi Jinping’s handling of the virus and said the U.S. has it “totally under control.”

A White House spokesperson did not respond to a request for comment.

The discussions in Davos have focused, in part, on the impact the virus could have on the livelihoods of the citizens of China and people around the world if it turned into a pandemic, the people said. The talks also covered how leaders would manage their businesses amid the upcoming Chinese New Year celebrations and beyond. The holiday is one of the busiest travel days in China.

Many companies, including big financial institutions J.P. Morgan, Citigroup, Morgan Stanley and Bank of America, have offices in China and employ thousands of people there. While these American banks have yet to issue any warnings about the virus, a Europe-based financial institution has issued guidance to its staff as the virus spreads, according to a person at the bank participating in the World Economic Forum. This executive declined to be named or disclose the name of the bank issuing the guidance, given the sensitivity of the matter.

“We are advising staff to be aware of the situation, close monitoring is in place, and staff health and safety is our top priority,” the bank executive said.

Some business leaders have said publicly that the spread of the virus could hurt stocks.

“We’ve got a curveball with this coronavirus. I think that’s a big deal. If you look at what happened in 2003, estimates ranged 0.5% to 2% in GDP for China, half a percent for Southeast Asia,” investor Paul Tudor Jones told CNBC’s “Squawk Box” from the World Economic Forum.

U.S. business executives at the conference have been hearing privately from their Chinese counterparts that the outbreak could become equivalent to that of SARS, or severe acute respiratory syndrome, which originated in China in 2002. That virus led to more than 700 deaths. Some analysts have said the virus does not appear to be as lethal as SARS.

Not everyone in Davos is raising a red flag about the coronavirus. A medical industry executive, who declined to be named because their company sessions are private, said they had not started holding deliberations about it because they believe the virus is mostly contained in rural areas.

But Scott Gottlieb, the former commissioner of the U.S. Food and Drug Administration, told CNBC in a phone interview on Wednesday that the unknown aspects of the virus could create fear, especially if it turns into an epidemic.

“It appears, based on the limiting information we have now, that for most people it should only cause a mild or moderate illness,” Gottlieb said. “But there’s a lot we don’t know, and even a mild illness, if it’s novel and becomes epidemic, can create a lot of fear and uncertainty.”


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: brian schwartz
Keywords: news, cnbc, companies, outbreak, bank, concerns, leaders, declined, according, chinas, world, staff, express, executive, privately, named, business, coronavirus, virus, davos, china


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Asia stocks subdued amid heightened concerns over coronavirus

Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far. The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%. The Topix index dipped slightly. Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%. Overall, the MSCI Asia ex-Japan index was largely flat.


Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far.
The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%.
The Topix index dipped slightly.
Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%.
Overall, the MSCI Asia ex-Japan index was largely flat.
Asia stocks subdued amid heightened concerns over coronavirus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: eustance huang
Keywords: news, cnbc, companies, korea, flat, topix, coronavirus, asia, subdued, trade, morning, stocks, concerns, amid, heightened, index, quarter, largely


Asia stocks subdued amid heightened concerns over coronavirus

Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far.

The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%. The Topix index dipped slightly.

The Kospi in South Korea hovered around the flatline. The Bank of Korea said Wednesday the country’s economy grew 1.2% on a seasonally adjusted basis in the fourth quarter as compared with three months earlier. That was the fastest expansion since the third quarter of 2017, beating an estimated 0.8% growth from a Reuters poll.

Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%.

Overall, the MSCI Asia ex-Japan index was largely flat.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: eustance huang
Keywords: news, cnbc, companies, korea, flat, topix, coronavirus, asia, subdued, trade, morning, stocks, concerns, amid, heightened, index, quarter, largely


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

European stocks fall on China virus concerns as world leaders gather in Davos

European stock markets tumbled on Tuesday morning, at the start of the World Economic Forum (WEF) in Davos, Switzerland, as concerns over a new strain of pneumonia in China hit risk assets. Market focus on Tuesday will likely be on the opening of the annual WEF event in Davos, where politicians and business leaders will be gathered. High-profile attendees this year include U.S. President Donald Trump, German Chancellor Angela Merkel and climate activist Greta Thunberg. The event itself has been


European stock markets tumbled on Tuesday morning, at the start of the World Economic Forum (WEF) in Davos, Switzerland, as concerns over a new strain of pneumonia in China hit risk assets.
Market focus on Tuesday will likely be on the opening of the annual WEF event in Davos, where politicians and business leaders will be gathered.
High-profile attendees this year include U.S. President Donald Trump, German Chancellor Angela Merkel and climate activist Greta Thunberg.
The event itself has been
European stocks fall on China virus concerns as world leaders gather in Davos Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, spread, climate, thunberg, european, trade, china, leaders, fall, concerns, world, davos, virus, stocks, wef, trump, change, risk, pneumonia, gather, strain


European stocks fall on China virus concerns as world leaders gather in Davos

European stock markets tumbled on Tuesday morning, at the start of the World Economic Forum (WEF) in Davos, Switzerland, as concerns over a new strain of pneumonia in China hit risk assets.

The pan-European Stoxx 600 dropped 1% in early trade, with basic resources falling 1.8% to lead losses as all sectors and major bourses sank into negative territory on fears over the outbreak of a new strain of pneumonia in China.

Market focus on Tuesday will likely be on the opening of the annual WEF event in Davos, where politicians and business leaders will be gathered.

Climate change and sustainable business will be a key focus for delegates at this year’s WEF summit, but other political risks such as international trade and geopolitical instability are likely to be on the agenda as well.

High-profile attendees this year include U.S. President Donald Trump, German Chancellor Angela Merkel and climate activist Greta Thunberg.

Both Trump and Thunberg, whose positions on climate change are poles apart, are expected to take to the stage at WEF on Tuesday; Thunberg will speak on a panel at 7:30 a.m. London time and Trump will deliver a keynote speech at 10:30 a.m. London time.

The event itself has been criticized for putting climate change at the top of the agenda, with environmental activists arguing that delegates arriving on private planes represent some of the worst climate offences.

Meanwhile in Asia, equities turned negative earlier Tuesday amid heightened concerns over the spread of a virus in China, that is being compared to the SARS outbreak that killed 800 people in 2002/2003. The flight from risk assets spread throughout global markets.

Stocks in Hong Kong led losses regionally among major Asian markets on Tuesday after ratings agency Moody’s cut its rating for the city to Aa3 from Aa2 on Monday.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, spread, climate, thunberg, european, trade, china, leaders, fall, concerns, world, davos, virus, stocks, wef, trump, change, risk, pneumonia, gather, strain


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Shares of Chinese drugmakers and face mask firms jump as pneumonia concerns mount

Shares of Chinese drugmakers and face mask-makers surged on Monday amid rising concerns over an outbreak a new strain of coronavirus that’s spreading to more cities in the country. Jiangsu Sihuan Bioengineering, Shandong Lukang Pharmaceutical and Shenzhen Neptunus Bioengineering all saw their stocks surge by about 10%, their daily limit. Meanwhile, shares of face mask firms also got a boost, with Tianjin Teda soaring 9.89% while Shanghai Dragon surged about 10%. The stocks moves came after autho


Shares of Chinese drugmakers and face mask-makers surged on Monday amid rising concerns over an outbreak a new strain of coronavirus that’s spreading to more cities in the country.
Jiangsu Sihuan Bioengineering, Shandong Lukang Pharmaceutical and Shenzhen Neptunus Bioengineering all saw their stocks surge by about 10%, their daily limit.
Meanwhile, shares of face mask firms also got a boost, with Tianjin Teda soaring 9.89% while Shanghai Dragon surged about 10%.
The stocks moves came after autho
Shares of Chinese drugmakers and face mask firms jump as pneumonia concerns mount Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: eustance huang
Keywords: news, cnbc, companies, surged, firms, concerns, face, chinese, reported, syndrome, jump, shares, pneumonia, cases, thats, mask, disease, drugmakers, mount, coronavirus, wuhan, health, transmission


Shares of Chinese drugmakers and face mask firms jump as pneumonia concerns mount

An elderly man wears a mask while walking past the closed Huanan Seafood Wholesale Market, which has been linked to cases of Coronavirus, on January 17, 2020 in Wuhan, Hubei province, China.

Shares of Chinese drugmakers and face mask-makers surged on Monday amid rising concerns over an outbreak a new strain of coronavirus that’s spreading to more cities in the country.

Jiangsu Sihuan Bioengineering, Shandong Lukang Pharmaceutical and Shenzhen Neptunus Bioengineering all saw their stocks surge by about 10%, their daily limit.

Meanwhile, shares of face mask firms also got a boost, with Tianjin Teda soaring 9.89% while Shanghai Dragon surged about 10%.

The stocks moves came after authorities in China reported on Monday that 139 new cases of coronavirus had been discovered over the weekend, Reuters reported. Three of the new cases had come from places outside the city of Wuhan, where the virus was first reported.

For its part, China’s National Health Commission said in a release on Sunday that experts have deemed the current situation “still preventable and controllable,” according to CNBC’s translation of the original Chinese text.

“What has been evident by the most recent statistics that have come out overnight … is that it is highly likely that we have this human-to-human transmission occurring,” Alexandra Phelan, faculty instructor at the Center for Global Health Science and Security at Georgetown University.

“We’re now starting to get a sense that perhaps given the scale we might have more sustained or less-clustered, more efficient human-to-human transmission — and that’s really what we’re looking out for because that is what tells us whether a disease is going to spread more rapidly between people,” Phelan told CNBC’s “Street Signs” on Thursday.

According to the World Health Organization, coronaviruses are a large family of viruses that could cause less-severe diseases such as the common cold, while other could lead to more severe disease such as the Middle East respiratory syndrome and Severe Acute Respiratory Syndrome (SARS).

The SARS outbreak in 2002/2003 resulted in around 800 deaths, with majority of them coming from China and Hong Kong, according to WHO data on the cumulative number of reported probable cases of the disease.


Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: eustance huang
Keywords: news, cnbc, companies, surged, firms, concerns, face, chinese, reported, syndrome, jump, shares, pneumonia, cases, thats, mask, disease, drugmakers, mount, coronavirus, wuhan, health, transmission


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Justice Ruth Bader Ginsburg says she’s ‘cancer-free’ after a flurry of health concerns

Supreme Court Justice Ruth Bader Ginsburg said she no longer has cancer, following a flurry of recent health scares. Last year, Ginsburg underwent treatment for what likely was pancreatic cancer, according to a statement from the Supreme Court. The 86-year-old sat out of Supreme Court arguments in November due to a stomach bug. The court, which hears another round of oral arguments next week, is expected to take on several high-profile cases this year. The Supreme Court will hear three cases ove


Supreme Court Justice Ruth Bader Ginsburg said she no longer has cancer, following a flurry of recent health scares.
Last year, Ginsburg underwent treatment for what likely was pancreatic cancer, according to a statement from the Supreme Court.
The 86-year-old sat out of Supreme Court arguments in November due to a stomach bug.
The court, which hears another round of oral arguments next week, is expected to take on several high-profile cases this year.
The Supreme Court will hear three cases ove
Justice Ruth Bader Ginsburg says she’s ‘cancer-free’ after a flurry of health concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: yelena dzhanova tucker higgins, yelena dzhanova, tucker higgins
Keywords: news, cnbc, companies, abortion, ruth, shes, supreme, court, ginsburg, justice, trumps, late, bader, cancerfree, arguments, health, flurry, cancer, concerns, cases


Justice Ruth Bader Ginsburg says she's 'cancer-free' after a flurry of health concerns

Supreme Court Justice Ruth Bader Ginsburg said she no longer has cancer, following a flurry of recent health scares.

“I’m cancer-free. That’s good,” she said in an interview late Tuesday with CNN.

Last year, Ginsburg underwent treatment for what likely was pancreatic cancer, according to a statement from the Supreme Court. In late 2018, she was treated for cancerous growths on her lungs.

The 86-year-old sat out of Supreme Court arguments in November due to a stomach bug.

The court, which hears another round of oral arguments next week, is expected to take on several high-profile cases this year.

The Supreme Court will hear three cases over Trump’s financial records next year and scheduled arguments for its March session.

Also in March, the Supreme Court will take up its first major case relating to abortion with both of Trump’s appointees, Justices Neil Gorsuch and Brett Kavanaugh, on the bench.

Read more: The battle over abortion rights: Here’s what’s at stake in 2020

Ginsburg is the oldest justice and is considered the leader of the Supreme Court’s liberal wing, which is outnumbered by conservatives 5-4. She was appointed by President Bill Clinton in 1993.


Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: yelena dzhanova tucker higgins, yelena dzhanova, tucker higgins
Keywords: news, cnbc, companies, abortion, ruth, shes, supreme, court, ginsburg, justice, trumps, late, bader, cancerfree, arguments, health, flurry, cancer, concerns, cases


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks point to a flat open as geopolitical tension concerns wane

Stocks point to a flat open as geopolitical tension concerns wane1 Hour AgoU.S. stock index futures were hovering around the flatline Tuesday morning, despite ongoing geopolitical tensions. CNBC’s Rahel Solomon reports.


Stocks point to a flat open as geopolitical tension concerns wane1 Hour AgoU.S. stock index futures were hovering around the flatline Tuesday morning, despite ongoing geopolitical tensions.
CNBC’s Rahel Solomon reports.
Stocks point to a flat open as geopolitical tension concerns wane Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-07
Keywords: news, cnbc, companies, stock, open, point, flat, reports, rahel, tensions, wane, solomon, wane1, geopolitical, concerns, stocks, tension


Stocks point to a flat open as geopolitical tension concerns wane

Stocks point to a flat open as geopolitical tension concerns wane

1 Hour Ago

U.S. stock index futures were hovering around the flatline Tuesday morning, despite ongoing geopolitical tensions. CNBC’s Rahel Solomon reports.


Company: cnbc, Activity: cnbc, Date: 2020-01-07
Keywords: news, cnbc, companies, stock, open, point, flat, reports, rahel, tensions, wane, solomon, wane1, geopolitical, concerns, stocks, tension


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Taiwan heads to the polls as concerns over China mount and Hong Kong protests linger

The anti-government protests in Hong Kong thrust China’s influence into the spotlight and gave incumbent Taiwanese President Tsai Ing-wen a boost. Her popularity climbed further after widespread protests in Hong Kong, a special administrative region of China, which were spurred by fears of China’s growing influence and control. Today’s Hong Kong, tomorrow’s TaiwanThe “one country, two systems” framework would be a hard sell in Taiwan, where there have been several demonstrations in support of th


The anti-government protests in Hong Kong thrust China’s influence into the spotlight and gave incumbent Taiwanese President Tsai Ing-wen a boost.
Her popularity climbed further after widespread protests in Hong Kong, a special administrative region of China, which were spurred by fears of China’s growing influence and control.
Today’s Hong Kong, tomorrow’s TaiwanThe “one country, two systems” framework would be a hard sell in Taiwan, where there have been several demonstrations in support of th
Taiwan heads to the polls as concerns over China mount and Hong Kong protests linger Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02  Authors: huileng tan
Keywords: news, cnbc, companies, linger, heads, tsai, polls, mount, kong, taiwanese, taiwan, hong, country, protests, political, china, systems, concerns


Taiwan heads to the polls as concerns over China mount and Hong Kong protests linger

Members of the pro-Taiwan independence Taiwan Solidarity Union take part on a march in downtown Taipei on September 29 in support of Hong Kong protesters who have been demonstrating for several months in Hong Kong demanding more freedom and autonomy from China. Alberto Buzzola | LightRocket | Getty Images

TAIPEI — Taiwan heads to the polls next week in what’s considered one of the most significant elections for the island, as voters closely watch the protests in Hong Kong amid concerns about alleged Chinese encroachment in the elections. In Taiwan, where an increasingly assertive China presents an existential threat, the self-ruled island’s relationship with the mainland loom large. Between the presidential candidates, “the biggest difference is over China policy,” wrote Joshua Kurlantzick, a senior fellow at the Council on Foreign Relations in a recent report. Taiwanese will be voting for the island’s next president and legislature representatives on January 11. Beijing — which claims Taiwan as its territory and considers it a wayward province — says it wants reunification with the island and has never renounced the use of force to achieve the goal. President Xi Jinping’s government has been using a carrots-and-sticks approach to win hearts and strike fear into the psyche of Taiwanese. The anti-government protests in Hong Kong thrust China’s influence into the spotlight and gave incumbent Taiwanese President Tsai Ing-wen a boost. Opinion polls show Tsai has a wide double-digit percentage point margin against her closest opponent Han Kuo-yu from the Kuomintang (KMT) or the Nationalist Party.

In a sense, it’s China’s policies that have hardened domestic opinion in Taiwan and given more support to (Taiwanese President) Tsai. James Crabtree Lee Kuan Yew School of Public Policy

Tsai saw her approval ratings plunge from the time she took office until early 2019. But her fortunes started to turn around after her forceful response against Xi’s New Year speech which called for the reunification of the two lands under the “one country, two systems” framework the mainland uses on Hong Kong. Her popularity climbed further after widespread protests in Hong Kong, a special administrative region of China, which were spurred by fears of China’s growing influence and control. In her New Year’s Day speech this year, Tsai said Taiwan will “never accept” the one country, two systems framework, according to a transcript published by Taiwan’s Central News Agency. “Democracy and authoritarianism cannot coexist within the same country. Hong Kong’s people have shown us that ‘one country, two systems’ is absolutely not viable,” Tsai said. “In a sense, it’s China’s policies that have hardened domestic opinion in Taiwan and given more support to Tsai,” said James Crabtree, an associate professor at Singapore’s Lee Kuan Yew School of Public Policy. If Tsai wins, it will put pressure on Xi in China, Crabtree told CNBC. The protest movement has “heightened concerns” in Taiwan about how Beijing mishandled “promises to respect Hong Kong’s political and economic freedoms,” said Kurlantzick in his report. In December, Chiang Min-yen, a research fellow at the Economic Democracy Union, a consortium of nongovernmental organizations, called on presidential candidates not to negotiate or sign agreements — such as a peace deal — that would bring Taiwan under Beijing’s “One China” framework. “We need to reject ‘one country, two systems’ as well as all kinds of different ways China is using to package the ‘one country, two systems’ framework,” Chiang told CNBC separately in Mandarin, and cautioned about China’s erosion of boundaries defining Taiwan.

Taiwan’s identity crisis

Even though Beijing has claimed Taiwan as its own, the island has never been under the control of Communist China. Under the KMT — which fled to Taiwan after losing to the Chinese Communist Party in a civil war 70 years ago — Taiwan was governed under martial law for 38 years until 1987. Since then, Taiwan has morphed into a vibrant democracy and its political, societal and cultural gaps with Communist China has widened, particularly among the younger generations that have lived under a democratic system. Many Taiwanese, particularly the younger generation, find it difficult to identify with Communist China. “Young people are definitely more sensitive to the issue of sovereignty,” said Chiang, who was born in 1996 — the year Taiwan’s first direct presidential election was held. Chiang said Taiwan has been a de facto sovereign nation with a democratic political system, so there is no basis for a so-called unification with a Communist mainland political system.

Today’s Hong Kong, tomorrow’s Taiwan

The “one country, two systems” framework would be a hard sell in Taiwan, where there have been several demonstrations in support of the protests in neighboring Hong Kong. Since the Hong Kong protests started in June, thousands have taken to the streets of Taipei in solidarity with protesters in the Asian financial hub. In September, organizers estimated a 100,000-strong crowd in a march in Taipei. “Today’s Hong Kong, tomorrow’s Taiwan,” has become an enduring slogan among the youths in Taiwan, who watch the live streaming of violent crackdowns in Hong Kong, said Chiang.

Young Taiwanese leading the pro-Hong Kong march in Taipei downtown on Sept. 29 carrying banners and outfits identical to the one wore by Hong Kong’s protesters. Most young Taiwanese taking part to the solidarity march have no political party affiliation. Alberto Buzzola | LightRocket | Getty Images


Company: cnbc, Activity: cnbc, Date: 2020-01-02  Authors: huileng tan
Keywords: news, cnbc, companies, linger, heads, tsai, polls, mount, kong, taiwanese, taiwan, hong, country, protests, political, china, systems, concerns


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Gold firms on sparse trade as economic concerns support

An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016. Gold prices gained on Monday on sparse trade ahead of the holiday season, with lingering concerns about the health of major global economies supporting demand for safe-haven bullion. The United States and China have still not signed a ‘Phase-1’ deal and tensions in the Middle east are contributing to gold’s appeal, she added. U.S. President Donald Tru


An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016.
Gold prices gained on Monday on sparse trade ahead of the holiday season, with lingering concerns about the health of major global economies supporting demand for safe-haven bullion.
The United States and China have still not signed a ‘Phase-1’ deal and tensions in the Middle east are contributing to gold’s appeal, she added.
U.S. President Donald Tru
Gold firms on sparse trade as economic concerns support Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-23
Keywords: news, cnbc, companies, sparse, safehaven, global, economies, china, economic, concerns, states, gold, metals, trade, support, firms, united, risks


Gold firms on sparse trade as economic concerns support

An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016.

Gold prices gained on Monday on sparse trade ahead of the holiday season, with lingering concerns about the health of major global economies supporting demand for safe-haven bullion.

Spot gold rose 0.4% at $1,483.86 per ounce. U.S. gold futures gained 0.5% to $1,487.90 per ounce.

“Investors are looking at political risks in the longer term… There are potential economic risks still in the majority of economies. That’s not going to go away in a hurry,” said INTL FCStone analyst Rhona O’Connell.

The United States and China have still not signed a ‘Phase-1’ deal and tensions in the Middle east are contributing to gold’s appeal, she added.

U.S. President Donald Trump said on Saturday the United States and China would “very shortly” sign “Phase 1” of a trade agreement. China said on Monday it would lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year.

While the world’s two largest economies have exchanged banter about the conditions of the trade deal, there is much room for uncertainty. Any hints of a fall-through in talks could propel gold higher, analysts say. The 17-month trade war has rocked markets and fanned global recessionary fears.

China’s economy is expanding at its weakest rate in nearly 30 years and could face more downward pressure next year.

Canada’s economy unexpectedly shrank by 0.1% in October, the first monthly decline since February.

Fresh data from the United States provided little respite, with new orders for U.S.-made capital goods barely rising in November and shipments declining, suggesting business investment will probably remain a drag on economic growth in the fourth quarter.

“Despite the upbeat tenor of the overall marketplace, the safe-haven metals are showing keen resilience and even a bit of bullishness as global stock markets rally,” Kitco Metals senior analyst Jim Wyckoff said in a note.

The S&P 500 and the Nasdaq hit record highs on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-12-23
Keywords: news, cnbc, companies, sparse, safehaven, global, economies, china, economic, concerns, states, gold, metals, trade, support, firms, united, risks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post