Vietnam 

Biggest Vietnamese trade fair in Myanmar to run in December – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietnamexpo in Myanmar last year. On display in 2019 edition will be processed foods, consumer products, equipment and machines, electric and electronic devices, medical and chemical products. — Photo vnembassy-yangon.mofa.gov.vn HÀ NỘI — The biggest annual Vietnamese goods fair in Myanmar will take place in Yangon from December 19 to 22. Held by the Vietnam Trade Promotion Agency (VIETTRADE) since 2009, the event will feature some 100 stalls. On display will be processed foods, consumer products, equipment and machines, electric and electronic devices, medical and chemical products. Vietnamese…

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Home 

China blocks imports from two Canadian pork producers in spat since December 2018 arrest of Huawei’s CFO Sabrina Meng

China has suspended pork imports from two Canadian companies, according to an interview with Canada’s agricultural minister and a Chinese customs document, marking the latest irritant in a widening diplomatic dispute.Agriculture Minister Marie-Claude Bibeau said in an interview with Reuters on Wednesday that she has not yet received an official notice from China of the permit suspensions, and would not identify the companies involved.“We have to look into this,” she said by phone from Ottawa. … Source link

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Home 

Global equities’ sudden surge follows a steep December drop-off, and both are overreactions

Last December, the benchmark S&P 500 equity index suffered its worst final four weeks of the year since 1931 as investors fretted about a too-hawkish Federal Reserve, a sharp slowdown in Europe and China and the lack of meaningful progress in trade negotiations between Washington and Beijing.Fast forward two months, and the S&P 500 is enjoying its best start to the year since 1987, up 11.3 per cent since the beginning of January. It is not just American stocks that have rebounded spectacularly… Source link

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Singapore 

Singapore’s MFA says December meeting with Malaysia on water was overshadowed by new issues, Singapore News

SINGAPORE – The Singapore Foreign Ministry said on Tuesday (Feb 19) that the attorneys-general of Malaysia and Singapore met after both prime ministers agreed that officials should have discussions to better understand each other’s positions on the right to review the price of water. However, the ministry said that the meeting in December was overshadowed by new issues. It was responding to media queries in the wake of comments on Tuesday by Malaysia’s foreign minister that “negotiations” on the price of water had taken place last month. The ministry reiterated…

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Home 

Hong Kong home prices fell by 2.4 per cent in December, says Rating and Valuation Department

The prices of homes in Hong Kong fell by 2.4 per cent in December, the city’s Rating and Valuation Department said on Thursday, slower than a drop of 3.2 per cent in November. The decline from a peak in July amounts to 9.2 per cent. Shih Wing-ching, chairman of Hong Kong-based Centaline Property Agency, said home prices will first rise by 5 per cent to 6 per cent, and then drop by about 10 per cent. “The price at year-end will be lower than that in the beginning of the…

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Home 

Investors in US markets looking to forgive and forget this earnings season after brutal December

If investors are learning anything from earnings season, it’s that last year’s stock sell-off did a lot more to prepare them for it than Wall Street analysts ever could have. Consider results so far, in which company profits are coming in worse relative to analyst projections than any time in almost two years. But December’s rout in equities was so brutal that stocks are having no problem shaking off that performance to rally the most at this stage of the reporting cycle since 2015. “Companies that have been so beat…

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China 

Trade war: Chinese factory prices slow more than expected in December, raising threat of deflation

Chinese consumer and factory inflation decelerated more than expected in December, as the slowdown in the economy caused largely by the trade war with the United States reduced demand and put downward pressure on prices. The rate of inflation in prices charged by producers for their goods at wholesale level plunged in December, to 0.9 per cent from 2.7 per cent in November. The December result was well below the expectations for a 1.6 per cent rise, according to a Bloomberg survey, and was the weakest since September 2016, when…

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China 

China’s service activities expanded in December despite broader economic slowdown

Growth in the Chinese service sector accelerated to a six-month high in December, according to a private gauge released on Friday, demonstrating some resilience in the world’s second largest economy. The service sector purchasing managers’ index (PMI), compiled by Markit and published by Chinese financial news outlet Caixin, rose to 53.9 in December. The measurement is well above 50.0, the point between expansion and contraction, showing services were performing strongly in the last month of 2018. The pickup in the Caixin reading, which is based on a survey of over…

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Property 

2018, Hong Kong’s second-best year for property sales at US$93 billion, ended with a whimper in December

Hong Kong recorded its second-best year for property sales in 2018 on the back of a red hot first half, in which transactions worth HK$403.7 billion (US$51.5 billion) were reported. However, the market has cooled since August, when a 28-month bull run came to an end, with December recording a 58 per cent year-on-year drop in all property sales. A total of 79,185 deals worth HK$729.56 billion were completed in the city in 2018. The record for the special administrative region’s property market stands at HK$868 billion, reported in 1997.…

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Home 

Hong Kong office sales in December worst since 2008, with only three deals recorded

Only three sales of office space were completed in Hong Kong in December, the lowest number in a decade and a sign of the spreading malaise in the city’s property market. For the whole of last year, there were 196 sales of either single offices, whole floors or entire office buildings, 45 per cent less than in 2017, according to property firm Midland IC&I. “Turnover of offices started to sink in the second half of the year as factors like the US-China trade war and a volatile stock market dampened…

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