China’s January trade data come in much stronger than expected

China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December. In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period. Das told CNBC he still expected China’s economy to bottom in the first half of the year. In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they st


China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December. In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period. Das told CNBC he still expected China’s economy to bottom in the first half of the year. In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they st
China’s January trade data come in much stronger than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: huileng tan, vcg, getty images
Keywords: news, cnbc, companies, chinese, stronger, fell, evanspritchard, imports, china, exports, expected, data, trade, come, chinas


China's January trade data come in much stronger than expected

China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December.

In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period.

Despite the upbeat data, analysts say data from China in the first two months of the year must be treated with caution due to business distortions caused by the timing of the week-long Lunar New Year public holiday, which fell in mid-February in 2018 but started on Feb. 4 this year.

Mixo Das, Asia equity strategist at J.P. Morgan, said he would not read too much into a single data point, especially with the presence of such distortions like the national holidays, cyclical trends and ongoing structural changes.

Das told CNBC he still expected China’s economy to bottom in the first half of the year.

“Even if the latest recovery in trade is genuine, the outlook for this year is still downbeat,” concurred Julian Evans-Pritchard, senior China Economist at Capital Economics.

That is due to an expected slowing in global growth that would hit Chinese exports, as well as cooling demand at home, Evans-Pritchard wrote in a note Thursday.

In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they still remained weaker than a few months ago, he added.

“For now, then, the broad trend in shipments still appears to be pointing down,” Evans-Pritchard said.

Thursday’s data release comes as American and Chinese trade negotiators began a new round of talks in Beijing this week as the world’s two largest economies renewed efforts to reach a deal.

Officials from both countries are trying to reach a deal ahead of a March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Chinese President Xi Jinping will meet with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer on Friday, the South China Morning Post reported.

—CNBC’s Fred Imbert and Reuters contributed to this report.

Clarification: This article has been updated to clarify that China on Thursday reported exports and imports data for January that easily topped expectations.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: huileng tan, vcg, getty images
Keywords: news, cnbc, companies, chinese, stronger, fell, evanspritchard, imports, china, exports, expected, data, trade, come, chinas


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China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says

China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday. The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website. Domestic tourism


China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday. The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website. Domestic tourism
China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: vcg, getty images
Keywords: news, cnbc, companies, websitedomestic, billion, yuan, retail, trips, xinhua, 85, earnings, products, official, holiday, commerce, china, ministry


China retail earnings up 8.5 percent during new year holiday, Commerce Ministry says

China’s retailer and catering enterprises earned over 1 trillion yuan ($148.3 billion) during the Lunar New Year holiday, defying an economic slump to rise 8.5 percent from last year, the country’s commerce ministry said late on Sunday.

The increase was down to the rapid growth in sales of new-year gifts, traditional foods, electronic products and local speciality products over a six-day holiday period ending on Saturday, the Ministry of Commerce said in a notice on its website.

Domestic tourism during the new year break generated total revenues of 513.9 billion yuan, up 8.2 percent on the year, with the number of trips rising 7.6 percent to 415 million, the official Xinhua news agency said on Sunday, citing official data.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: vcg, getty images
Keywords: news, cnbc, companies, websitedomestic, billion, yuan, retail, trips, xinhua, 85, earnings, products, official, holiday, commerce, china, ministry


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UK to send new aircraft carrier loaded with F35 jets into South China Sea

The United Kingdom will deploy its new aircraft carrier, loaded with two squadrons of F-35 aircraft into the politically-fraught South China Sea. British Defense Minister Gavin Williamson confirmed in a speech Monday morning that the Royal Navy’s HMS Queen Elizabeth will sail into waters that are the subject of dispute between China and other nations. The £3 billion ($3.9 billion) carrier’s outing will also sail into the Middle East and Mediterranean and will be officially a mixed U.K./U.S. Enha


The United Kingdom will deploy its new aircraft carrier, loaded with two squadrons of F-35 aircraft into the politically-fraught South China Sea. British Defense Minister Gavin Williamson confirmed in a speech Monday morning that the Royal Navy’s HMS Queen Elizabeth will sail into waters that are the subject of dispute between China and other nations. The £3 billion ($3.9 billion) carrier’s outing will also sail into the Middle East and Mediterranean and will be officially a mixed U.K./U.S. Enha
UK to send new aircraft carrier loaded with F35 jets into South China Sea Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: david reid, royal navy, us air force photo, vcg, getty images
Keywords: news, cnbc, companies, billion, loaded, uk, carrier, royal, minister, williamson, send, south, jets, lethality, carriers, defense, f35, sail, sea, united, china, aircraft


UK to send new aircraft carrier loaded with F35 jets into South China Sea

The United Kingdom will deploy its new aircraft carrier, loaded with two squadrons of F-35 aircraft into the politically-fraught South China Sea.

British Defense Minister Gavin Williamson confirmed in a speech Monday morning that the Royal Navy’s HMS Queen Elizabeth will sail into waters that are the subject of dispute between China and other nations.

At an address given to the Royal United Services Institute (RUSI) in London, Williamson said Britain was the second largest investor in the region and it must display “hard power” and “lethality” to help protect interests.

The £3 billion ($3.9 billion) carrier’s outing will also sail into the Middle East and Mediterranean and will be officially a mixed U.K./U.S. deployment.

“Significantly British and American F-35s will be embedded in the carrier’s air wing. Enhancing the reach and lethality of our forces (and) reinforcing the fact that United States remains the very closest of partners,” Williamson said.

The U.K. defense minister did not confirm exact dates for the mission.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: david reid, royal navy, us air force photo, vcg, getty images
Keywords: news, cnbc, companies, billion, loaded, uk, carrier, royal, minister, williamson, send, south, jets, lethality, carriers, defense, f35, sail, sea, united, china, aircraft


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Cramer Remix: After a 20-year hiatus, this stock is finally back

After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” Cramer thought both companies’ most recent earnings reports were solid, with Ericsson delivering strong sales and a bullish outlook for the year ahead and Nokia issuing good


After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” Cramer thought both companies’ most recent earnings reports were solid, with Ericsson delivering strong sales and a bullish outlook for the year ahead and Nokia issuing good
Cramer Remix: After a 20-year hiatus, this stock is finally back Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: elizabeth gurdus, tyler clifford, adam jeffery, vcg, visual china group, getty images, lucas jackson
Keywords: news, cnbc, companies, cramer, finally, 20year, ericsson, think, win, strong, numbers, remix, stock, hiatus, companies, nokia, nokias


Cramer Remix: After a 20-year hiatus, this stock is finally back

After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday.

“These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” “Their equipment might be more expensive than what the Chinese can make. Sometimes I think a lot of people would say it’s even lower quality. Actually, I think the majority might say that. But you better believe neither Sweden nor Finland are pressuring their companies to spy on their customers.”

Which stock wins out? Cramer thought both companies’ most recent earnings reports were solid, with Ericsson delivering strong sales and a bullish outlook for the year ahead and Nokia issuing good headline numbers. And even though Nokia’s stock dropped on what some saw as weak outlook for the first half of 2019, Cramer didn’t agree with the move.

“The truth is Nokia’s stock soared higher when Ericsson posted good numbers the week before, and stocks that run up into earnings tend to sell off even on strong numbers. Now, Nokia’s American shares are at $6.05, which, to me, is crazy,” he said. “I prefer Nokia here, both because it’s too cheap here and because it has a better portfolio of end-to-end solutions. I have not recommended Nokia since 1997.”

Click here for Cramer’s full take.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: elizabeth gurdus, tyler clifford, adam jeffery, vcg, visual china group, getty images, lucas jackson
Keywords: news, cnbc, companies, cramer, finally, 20year, ericsson, think, win, strong, numbers, remix, stock, hiatus, companies, nokia, nokias


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The Fed needs to get ‘out of the business’ of monetary policy: Ron Paul

The Fed is already toying with the idea of holding a larger balance sheet than previously thought, according to The Wall Street Journal on Friday. The central bank has been reducing its $4.5 trillion balance sheet since October 2017. On Thursday, Paul predicted the Fed might halt shrinking the balance sheet to counter a downturn this year. The solution to this, says Paul, is for the arm of the Fed that controls monetary policy to stop doing just that. Markets are not pricing in a change in inter


The Fed is already toying with the idea of holding a larger balance sheet than previously thought, according to The Wall Street Journal on Friday. The central bank has been reducing its $4.5 trillion balance sheet since October 2017. On Thursday, Paul predicted the Fed might halt shrinking the balance sheet to counter a downturn this year. The solution to this, says Paul, is for the arm of the Fed that controls monetary policy to stop doing just that. Markets are not pricing in a change in inter
The Fed needs to get ‘out of the business’ of monetary policy: Ron Paul Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-27  Authors: keris lahiff, source, vcg, visual china group, getty images, dario pignatelli, bloomberg, carlos barria, david a grogan
Keywords: news, cnbc, companies, rates, paul, ron, market, going, interest, balance, getting, think, monetary, business, policy, sheet, fed, needs


The Fed needs to get 'out of the business' of monetary policy: Ron Paul

The Federal Reserve will meet this week to talk monetary policy.

That has drawn the ire of major critic Dr. Ron Paul, former Texas congressman and advocate of smaller government, free trade and freer markets.

The central bank and their opaque outlook this year, he told CNBC’s “Futures Now” on Thursday, are a major concern to the market.

“I think it’s always a threat because just their meeting and saying a few words one way or the other has a big effect,” Paul said. “They’re in a hot spot. They don’t know what to do.”

A once-hawkish Fed has taken a turn for the dovish in recent months, faced with pressure from President Donald Trump to ease off interest rate hikes and a market worrying about a potential recession as soon as this year.

The Fed is already toying with the idea of holding a larger balance sheet than previously thought, according to The Wall Street Journal on Friday. The central bank has been reducing its $4.5 trillion balance sheet since October 2017. On Thursday, Paul predicted the Fed might halt shrinking the balance sheet to counter a downturn this year.

“There’s too many unknowns and I think they’re going to have trouble [either tooling with interest rates or shrinking the balance sheet] and that’s just going to not only make the bubble persist, it’s going to make the bubble bigger and then when the final end of this comes it’s going to be that much worse,” said Paul.

Previously, Paul forecast a 50 percent drop in the stock market which could strike this year. He also called the stock market one of the biggest bubbles “in the history of mankind.”

The solution to this, says Paul, is for the arm of the Fed that controls monetary policy to stop doing just that.

“I don’t suggest anything other than getting the government out of the business, getting the Fed out of it and getting over into market rates because you can’t manage this,” he explained. “This is the fallacy but it’s ingrained.”

Fed Chair Jerome Powell and other members of the Federal Open Market Committee will convene on Tuesday for their two-day meeting. Markets are not pricing in a change in interest rates.


Company: cnbc, Activity: cnbc, Date: 2019-01-27  Authors: keris lahiff, source, vcg, visual china group, getty images, dario pignatelli, bloomberg, carlos barria, david a grogan
Keywords: news, cnbc, companies, rates, paul, ron, market, going, interest, balance, getting, think, monetary, business, policy, sheet, fed, needs


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Chart pinpoints level S&P 500 must break for sustainable rally: BofA

According to Suttmeier, the S&P 500 must break through its 40-week moving average for the trend to turn bullish. The first: A chart of the S&P 500 Index. We hit a longer term moving average — the 200 week moving average — which tends to provide support in cyclical bear markets when you are in a secular bull trend,” he said Thursday on CNBC’s “Futures Now.” “We got to get through that 40-week moving average which right now is right around that 2740 level,” he said. “We could rally up towards the


According to Suttmeier, the S&P 500 must break through its 40-week moving average for the trend to turn bullish. The first: A chart of the S&P 500 Index. We hit a longer term moving average — the 200 week moving average — which tends to provide support in cyclical bear markets when you are in a secular bull trend,” he said Thursday on CNBC’s “Futures Now.” “We got to get through that 40-week moving average which right now is right around that 2740 level,” he said. “We could rally up towards the
Chart pinpoints level S&P 500 must break for sustainable rally: BofA Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: stephanie landsman, source, vcg, visual china group, getty images, dario pignatelli, bloomberg, carlos barria, david a grogan
Keywords: news, cnbc, companies, pinpoints, rally, break, average, sp, market, stocks, bofa, 40week, level, 500, chart, suttmeier, moving, sustainable


Chart pinpoints level S&P 500 must break for sustainable rally: BofA

This S&P 500 level holds the key to a sustainable rally: BofA’s Stephen Suttmeier 4:35 PM ET Thu, 24 Jan 2019 | 03:01

Bank of America-Merrill Lynch believes it’s premature to call an end to the market correction.

Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm’s chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market. According to Suttmeier, the S&P 500 must break through its 40-week moving average for the trend to turn bullish.

He turned to two charts to build his case. The first: A chart of the S&P 500 Index.

“What we did is very important in December. We panicked. We hit a longer term moving average — the 200 week moving average — which tends to provide support in cyclical bear markets when you are in a secular bull trend,” he said Thursday on CNBC’s “Futures Now.”

Suttmeier is now focusing on another important level.

“We got to get through that 40-week moving average which right now is right around that 2740 level,” he said.

Suttmeier is confident the market will get there this year, but he cautioned that stocks are vulnerable in the meantime to another near-term pullback.

“My guess is we form a higher low above 2346,” added Suttmeier, a number that’s almost 13 percent below current levels.

His second chart examines sentiment in a chart of the put-call ratio, which is often seen as a contrary market indicator.

“What we’re looking at here is a 25 day total put-call ratio,” he said. “The fact that it’s elevated in the face of a big rally tells me that investors are skeptical the market can continue higher.”

Regardless of whether there’s a significant pullback or not, Suttmeier sees the bulls regaining control of the market by summer.

“We could rally up towards the 40-week moving average on this rally, ” Suttmeier said. “But I think a sustainable move above that probably comes a little later this year.”


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: stephanie landsman, source, vcg, visual china group, getty images, dario pignatelli, bloomberg, carlos barria, david a grogan
Keywords: news, cnbc, companies, pinpoints, rally, break, average, sp, market, stocks, bofa, 40week, level, 500, chart, suttmeier, moving, sustainable


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JP Morgan Asset Management warns of recession risks

‘Exceptional period of growth’ is done in US, JPMorgan global market watcher warns 4:22 PM ET Tue, 22 Jan 2019 | 01:25One of Wall Street’s largest investing firms warns that a global growth slowdown could sink the U.S. into recession this year. According to J.P. Morgan Asset Management’s Ben Mandel, it’s a risk pushing the firm to turn cautious on stock markets here and abroad. “The U.S. sort of coming back to Earth after an exceptional period of growth and then no one really picking up the slac


‘Exceptional period of growth’ is done in US, JPMorgan global market watcher warns 4:22 PM ET Tue, 22 Jan 2019 | 01:25One of Wall Street’s largest investing firms warns that a global growth slowdown could sink the U.S. into recession this year. According to J.P. Morgan Asset Management’s Ben Mandel, it’s a risk pushing the firm to turn cautious on stock markets here and abroad. “The U.S. sort of coming back to Earth after an exceptional period of growth and then no one really picking up the slac
JP Morgan Asset Management warns of recession risks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: stephanie landsman, vcg, visual china group, getty images, dario pignatelli, bloomberg, carlos barria, qilai shen, david a grogan
Keywords: news, cnbc, companies, global, morgan, warns, recession, synchronized, lower, risks, asset, mandel, management, growth, jan, slowdown, jp, sp, period


JP Morgan Asset Management warns of recession risks

‘Exceptional period of growth’ is done in US, JPMorgan global market watcher warns 4:22 PM ET Tue, 22 Jan 2019 | 01:25

One of Wall Street’s largest investing firms warns that a global growth slowdown could sink the U.S. into recession this year.

According to J.P. Morgan Asset Management’s Ben Mandel, it’s a risk pushing the firm to turn cautious on stock markets here and abroad.

“What’s happening right now is a little bit of difficulty discerning between what is a late [economic] cycle slowdown and what is the end of the cycle,” the firm’s global strategist said Tuesday on CNBC’s “Futures Now.” “The U.S. sort of coming back to Earth after an exceptional period of growth and then no one really picking up the slack.”

Weak economic figures in China and lower growth estimates from the International Monetary Fund stirred up global slowdown fears and sent stocks lower Tuesday. The Dow and S&P 500 snapped four-day winning streaks and saw their worst day since Jan. 3.

The S&P closed back in correction territory. The index is now more than 10 percent off its all-time high hit on Sept. 21. Almost half of S&P companies do business overseas.

“We went from a story of synchronized global growth in 2017 to one in which there was U.S. growth leadership in 2018,” Mandel said. “At the beginning part of 2019, it’s looking to become more synchronized again, but not in a good way.”

The slowdown jitters are being exacerbated by a lingering U.S.-China trade war and uncertainty stemming from Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: stephanie landsman, vcg, visual china group, getty images, dario pignatelli, bloomberg, carlos barria, qilai shen, david a grogan
Keywords: news, cnbc, companies, global, morgan, warns, recession, synchronized, lower, risks, asset, mandel, management, growth, jan, slowdown, jp, sp, period


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Apple’s 2020 iPhones will likely get upgraded displays after the XR disappoints

Apple’s full line of 2020 iPhones are likely to get a display upgrade and ditch LCD completely, according to The Wall Street Journal. The iPhone XR is the only model in Apple’s latest iPhone release that still uses an LCD display, rather than an organic light-emitting diode (OLED) display, which allows for greater design flexibility and is supposed to show a higher quality color display. But the phone, which was expected to be more appealing to budget-conscious shoppers with a price tag starting


Apple’s full line of 2020 iPhones are likely to get a display upgrade and ditch LCD completely, according to The Wall Street Journal. The iPhone XR is the only model in Apple’s latest iPhone release that still uses an LCD display, rather than an organic light-emitting diode (OLED) display, which allows for greater design flexibility and is supposed to show a higher quality color display. But the phone, which was expected to be more appealing to budget-conscious shoppers with a price tag starting
Apple’s 2020 iPhones will likely get upgraded displays after the XR disappoints Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: lauren feiner, vcg, visual china group, getty images, todd haselton
Keywords: news, cnbc, companies, likely, month, xr, model, apples, lcd, disappoints, xs, iphones, earlier, upgraded, displays, iphone, display, sales, 2020


Apple's 2020 iPhones will likely get upgraded displays after the XR disappoints

Apple’s full line of 2020 iPhones are likely to get a display upgrade and ditch LCD completely, according to The Wall Street Journal.

The iPhone XR is the only model in Apple’s latest iPhone release that still uses an LCD display, rather than an organic light-emitting diode (OLED) display, which allows for greater design flexibility and is supposed to show a higher quality color display. But the phone, which was expected to be more appealing to budget-conscious shoppers with a price tag starting at $750 rather than $999 for the XS, has failed to meet sales expectations. Earlier this month, Apple published a letter to investors downgrading its guidance for its first quarter 2019 in light of weak iPhone sales, among other factors.

However, CEO Tim Cook told CNBC earlier this month that the XR has been Apple’s best-selling iPhone model since it launched last fall.


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: lauren feiner, vcg, visual china group, getty images, todd haselton
Keywords: news, cnbc, companies, likely, month, xr, model, apples, lcd, disappoints, xs, iphones, earlier, upgraded, displays, iphone, display, sales, 2020


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WEF: Trade war makes dealing with China more difficult, CEO says

A long-running trade war between the world’s two-largest economies is taking its toll on business sentiment in the Middle East, according to the chief executive of real estate and property services firm Majid Al Futtaim. A trade dispute between the U.S. and China has battered financial markets in recent months, with market participants increasingly concerned the conflict could soon destabilize the global economy. “From an import and an export standpoint, China is a very important trade partner (


A long-running trade war between the world’s two-largest economies is taking its toll on business sentiment in the Middle East, according to the chief executive of real estate and property services firm Majid Al Futtaim. A trade dispute between the U.S. and China has battered financial markets in recent months, with market participants increasingly concerned the conflict could soon destabilize the global economy. “From an import and an export standpoint, China is a very important trade partner (
WEF: Trade war makes dealing with China more difficult, CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: sam meredith, vcg, getty images
Keywords: news, cnbc, companies, worse, worlds, war, dealing, ceo, wef, difficult, trade, middle, east, bejjani, makes, world, china


WEF: Trade war makes dealing with China more difficult, CEO says

A long-running trade war between the world’s two-largest economies is taking its toll on business sentiment in the Middle East, according to the chief executive of real estate and property services firm Majid Al Futtaim.

A trade dispute between the U.S. and China has battered financial markets in recent months, with market participants increasingly concerned the conflict could soon destabilize the global economy.

“From an import and an export standpoint, China is a very important trade partner (to the Middle East). So, the question is … Is it going to be better or worse?” CEO Alain Bejjani told CNBC’s Hadley Gamble at the World Economic Forum (WEF) in Davos on Monday.

“One thing is for sure, dealing with China is becoming more difficult,” Bejjani added.


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: sam meredith, vcg, getty images
Keywords: news, cnbc, companies, worse, worlds, war, dealing, ceo, wef, difficult, trade, middle, east, bejjani, makes, world, china


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Xiaomi, once dubbed the ‘Apple of China,’ has lost 40% of its value since its IPO last year

China’s Xiaomi, once dubbed the “Apple of China,” is in the middle of a months-long rout and facing familiar headwinds in the global smartphone market. The stock has shed 25 percent this year, plummeting to all-time lows and trading below 10 Hong Kong dollars. The company’s market cap now hovers around HK$240 billion ($30 billion). Xiaomi, founded in 2010 in Beijing, rose to impressive market share among global competitors such as Huawei, Samsung and Apple. The company went public on Hong Kong e


China’s Xiaomi, once dubbed the “Apple of China,” is in the middle of a months-long rout and facing familiar headwinds in the global smartphone market. The stock has shed 25 percent this year, plummeting to all-time lows and trading below 10 Hong Kong dollars. The company’s market cap now hovers around HK$240 billion ($30 billion). Xiaomi, founded in 2010 in Beijing, rose to impressive market share among global competitors such as Huawei, Samsung and Apple. The company went public on Hong Kong e
Xiaomi, once dubbed the ‘Apple of China,’ has lost 40% of its value since its IPO last year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: sara salinas, vcg, getty images
Keywords: news, cnbc, companies, china, market, apple, value, stock, ipo, 40, devices, familiar, hong, billion, kong, alltime, xiaomi, lost, global, dubbed


Xiaomi, once dubbed the 'Apple of China,' has lost 40% of its value since its IPO last year

China’s Xiaomi, once dubbed the “Apple of China,” is in the middle of a months-long rout and facing familiar headwinds in the global smartphone market.

The stock has shed 25 percent this year, plummeting to all-time lows and trading below 10 Hong Kong dollars. The company’s market cap now hovers around HK$240 billion ($30 billion).

Xiaomi, founded in 2010 in Beijing, rose to impressive market share among global competitors such as Huawei, Samsung and Apple. It markets high-quality devices at comparatively lower prices and has more recently diversified its business to include other connected devices and services revenue.

The company went public on Hong Kong exchanges in July at an implied valuation of US$54 billion, but now trades more than 50 percent below all-time highs. The stock has posted only one month of gains since debuting.

Many of Xiaomi’s challenges will sound familiar.


Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: sara salinas, vcg, getty images
Keywords: news, cnbc, companies, china, market, apple, value, stock, ipo, 40, devices, familiar, hong, billion, kong, alltime, xiaomi, lost, global, dubbed


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