Business News - The Last 24 Hours

Hang Seng Index: Stock investors hunting for winners in US-China 'phase one' trade deal
SCMP - 33 min 54 sec ago
Happy Monday, traders -- So, after the big run-up in stocks Friday on the US-China phase one trade deal, investors will be looking more closely at which stocks and sectors stand to gain in the longer term. Jefferies has a new note out expecting China airlines -- specifically Air China (753 HK), Chi ...
RELATED:
Reuters - U.S. exports to China to nearly double in 'totally done' trade deal: Lighthizer - 4 hours 30 min ago
CNBC - US trade representative says trade deal is 'totally done' and will double exports to China in two years - 9 hours 56 sec ago
Indiatimes - UK government's priority is to leave EU on Jan 31, secure trade deal: Michael Gove - 16 hours 28 min ago
COMMENTARY:
Zero Hedge - How Trump Opened A Pandora's Box By Announcing The "Phase One" Trade Deal - 3 hours 18 min ago
Politico - Trade rep: China will determine success of trade deal - 8 hours 54 min ago
The Guardian - US-China trade deal 'totally done', Trump aide Lighthizer says - 9 hours 18 min ago
Washington Post - New North America trade deal hits snag as Mexico objects to U.S. labor inspectors - 19 hours 47 min ago



Why Singapore’s hedge funds are outperforming their global rivals
SCMP - 52 min 19 sec ago
On most mornings, Chong Chin Eai starts his day with a jog through Singapore’s Botanic Gardens. After taking his son to school, he trades futures on his laptop at home until it’s time for lunch, after which he might have a massage or perhaps a nap.If that sounds snoozy, Chong’s returns are any ...
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Reuters - Villains or visionaries? Hedge funds short companies they say 'greenwash' - 15 hours 52 min ago
COMMENTARY:
Zero Hedge - Hedge Fund CIO: "Are We At That Point In The Cycle Where The Next Move Is Massive Capital Destruction" - 5 hours 23 min ago



Schumer proposes Bolton, Mulvaney testify in Senate impeachment trial
CNBC - 1 hour 37 min ago
The Senate Minority Leader sent a letter to Senate Majority Leader Mitch McConnell Sunday laying out the proposed outlines of impeachment proceedings for President Donald Trump, NBC News reports.
RELATED:
CNN - Schumer requests four witnesses, including Mulvaney and Bolton, in letter to McConnell about Senate impeachment trial - 1 hour 48 min ago
Euronews - Schumer proposes Bolton, Mulvaney testify in Senate impeachment trial - 1 hour 58 min ago
CNBC - Congress faces high-stakes week with impeachment, trade and funding votes ahead - 11 hours 57 min ago
COMMENTARY:
Vox - Senate Democrats want to subpoena four witnesses in the impeachment trial - 1 hour 42 min ago
The Japan Times - Key Democrat says Trump impeachment is needed to stop ‘a crime in progress’ but Republicans already against ouster - 3 hours 28 min ago
Zero Hedge - Schiff, Nadler Insist Impeachment "Not A Failure" Despite Plunge In Public Support, Interest - 4 hours 58 min ago
BusinessInsider - 30 House Democrats are pushing for Rep. Justin Amash to be an impeachment manager in Trump's Senate trial - 5 hours 48 min ago
MarketWatch - In One Chart: President Trump touts poll numbers as ‘through the roof’ against impeachment — Fox News says otherwise - 7 hours 9 min ago



Investment in Hong Kong’s industrial buildings falls by half as protests, US-China trade war dampen sentiment
SCMP - 1 hour 43 min ago
Investment in Hong Kong’s logistics and industrial property declined by more than half in the third quarter of the year, as a period of worsening social unrest crimped domestic consumption and dampened sentiment.Data from Real Capital Analytics, which tracks deals worth at least US$10 million, sho ...
COMMENTARY:
Zero Hedge - The Trade War Is Over, Long Live The Trade War - 10 hours 28 min ago
Angry Bear - Is The Trump Trade War Over? - 14 hours 58 min ago
The Guardian - On trade wars China is playing a careful game, but it holds more cards than Trump - 18 hours 27 min ago



Plunging turnover, fierce competition from mainland rivals will make IPO crown irrelevant for Hong Kong stock exchange operator, say analysts
SCMP - 1 hour 58 min ago
It may be on the cusp of being declared the world’s leading initial public offering market again. But a dramatic fall in trading volumes amid political turmoil, and fierce competition from mainland Chinese rivals, mean the operator of Hong Kong’s stock exchange is by no means a sure-fire bet for ...



Asia stocks set for subdued open despite renewed optimism with phase one US-China deal 'totally done'
CNBC - 2 hours 18 min ago
U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal reached on Friday is "totally done."
RELATED:
New York Times - Trump Officials Praise Gains From China Deal, but They Come at a Cost - 2 hours 39 min ago
Indiatimes - Positive effects of 2nd Modi-Xi informal summit are showing: China - 13 hours 28 min ago
COMMENTARY:
The Japan Times - Top U.S. trade negotiator hails ‘remarkable’ deal with China - 4 hours 28 min ago
BusinessInsider - Trump said China would more than double its agricultural purchases from the US. Farmers are skeptical. - 7 hours 14 min ago
Angry Bear - Exaggerated Benefits for U.S. Farmers from the China Trade News - 15 hours 45 min ago
The Guardian - 'Amazing deal' or 'capitulation'? Why the US-China trade truce may not last - 23 hours 1 min ago



Boeing considers more 737 MAX production cutbacks: Report
Fox Business - 2 hours 30 min ago
Further cutbacks could be felt throughout the industry.
RELATED:
CNBC - Boeing reportedly nears decision on cutting or halting 737 Max production - 3 hours 34 sec ago
COMMENTARY:
MarketWatch - The Wall Street Journal: Boeing considers stopping or further cutting production of 737 Max - 2 hours 42 min ago



Sun Hung Kai Properties, Hong Kong’s largest developer, says situation ‘Sars-like’ with hotels revenue down by 50 per cent
SCMP - 2 hours 58 min ago
Sun Hung Kai Properties, Hong Kong’s biggest developer by value, said revenue at its hotels division had plummeted by up to half in November and December, as the city’s tourism industry struggled to stay afloat amid seven months of anti-government protests and the US-China trade war.Revenue per ...
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Euronews - Hong Kong mall protests flare as Christsmas shopping season peaks - 14 hours 37 min ago
SCMP - Hong Kong’s favourite speculative bet is burning investors as protests puncture bubble in parking lot prices - 21 hours 58 min ago



Disney+ to debut late March in France in exclusive deal with Canal+
Reuters - 3 hours 4 min ago
Walt Disney Co will launch its Disney+ streaming service on Vivendi SA's pay-TV business Canal+ platform by the end of March next year, executives of the two groups said in a joint interview released in the daily Les Echos on Sunday.
RELATED:
CNBC - The original movies of 2019 that won at Disney blockbuster-dominated box office - 9 hours 8 min ago
COMMENTARY:
BusinessInsider - Disney has 23 movies coming out in 2020 — here they all are - 16 hours 53 min ago



Behind Walmart's push to eliminate 1 gigaton of greenhouse gases by 2030
CNBC - 4 hours 59 min ago
Walmart has been focused on sustainability initiatives since 2005. "Project Gigaton" — aimed at reducing 1 gigaton of greenhouse gas emissions from their supply chain by 2030 — is its latest and most ambitious plan yet.



US may unilaterally retaliate if China breaks 'phase one' deal: White House
Fox Business - 7 hours 7 min ago
Lighthizer, Navarro tout trade agreement enforcement mechanism.
RELATED:
Indiatimes - China vows to retaliate if Germany closes door on Huawei under US pressure - 7 hours 28 min ago



UK PM Johnson eyes parliament vote before Christmas to "get Brexit done"
Indiatimes - 7 hours 28 min ago
Johnson and his team were triumphant last week when he won a commanding majority of 80 at an early election he said he was forced to call to break the Brexit deadlock. Winning over many traditionally Labour voters in northern and central England, Johnson has proclaimed he will lead a "people's gover ...
RELATED:
Fox Business - UK's Johnson pushes for Brexit deal before Christmas - 10 hours 1 min ago
Indiatimes - Brexit’s advance opens a new trade era - 10 hours 28 min ago
SCMP - Boris Johnson’s election victory in Brexit Britain shows the way for a gridlocked Hong Kong - 13 hours 58 min ago
COMMENTARY:
The Japan Times - No letup for U.K. lawmakers: Johnson presses ahead with Brexit - 7 hours 27 min ago
The Guardian - A victory won by Brexit lies does not make those lies true - 18 hours 57 min ago



CBDT extends advance tax payment deadline for northeastern states to December 31
Indiatimes - 8 hours 28 min ago
"In view of the recent disturbances in the North Eastern region of India, CBDT has decided to extend the date for payment of 3rd instalment of Advance Tax for FY (financial year) 2019-20 from 15th December, 2019 to 31st December, 2019 for the North Eastern Region," the Central Board of Direct Taxes ...
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Indiatimes - Mandatory to link PAN-Aadhaar by Dec 31: Income Tax Department - 12 hours 58 min ago



Violence at Delhi protest: 35 taken to hospital, 11 admitted
Indiatimes - 8 hours 58 min ago
A clash took place between protesters and police during a demonstration against the amended citizenship law near Jamia Millia Islamia.
RELATED:
Euronews - 54 injured in Lebanon: violence erupts in Beirut as police clash with anti-government protesters - 11 hours 11 min ago
CNN - Violent protests erupt on streets of Beirut - 15 hours 53 min ago
Indiatimes - Protests against Citizenship law in Bengal, roads blockades at several places - 19 hours 58 min ago
COMMENTARY:
The Japan Times - Thousands protest violent crackdown in Beirut and Saad Hariri’s expected return to office - 2 hours 28 min ago
LA Times - Vietnamese immigrants rally behind Hong Kong protesters, pushing for democracy in Asia - 12 hours 58 min ago



China suspends planned tariffs scheduled for December 15 on some U.S. goods
Reuters - 9 hours 46 min ago
China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council's customs tariff commission said on Sunday, after the world's two largest economies agreed a "phase one" trade deal on Friday.
RELATED:
CNN - China suspends tariffs on US-made cars, corn and other goods amid new trade truce - 10 hours 9 min ago
Fox Business - China delays tariffs on US autos, other goods in trade deal - 14 hours 11 min ago
Indiatimes - China suspends planned tariffs on US goods - 19 hours 28 min ago
Reuters - China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods - 21 hours 38 min ago



German union calls for pre-Christmas Amazon strike
Reuters - 9 hours 53 min ago
Trade union Verdi called for workers at a key Amazon logistics centre in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there.



The boom in airplane orders is over for Boeing and Airbus
CNBC - 9 hours 53 min ago
The biggest shock this decade by far has been the grounding of the Boeing 737 Max after two fatal crashes in a span of five months killed 346 people. The problems trace back to an arms race between Boeing and Airbus to deliver as many fuel-efficient planes as quickly as possible to airlines eager to ...



A man linked to a gunman in the Jersey City mass shooting has been arrested, officials say
CNN - 10 hours 7 min ago
A handwritten note in a killer's back pocket helped lead to the arrest of a man connected to a gunman in last week's Jersey City mass shooting, authorities said.
COMMENTARY:
BusinessInsider - Newtown High School scored a last-second touchdown to win a state title on the Sandy Hook shooting's 7th anniversary - 11 hours 13 min ago



GOP's Toomey says USMCA agreement diminishes free trade
Euronews - 10 hours 14 min ago
GOP's Toomey says USMCA agreement diminishes free trade



Netflix hit 'The Irishman' marks a turning point for how Oscar-caliber movies are distributed, and could speed the demise of movie theaters
CNBC - 10 hours 34 min ago
The popularity of "The Irishman" on Netflix may act as a turning point for media companies to make Oscar-caliber films available in November and December on streaming services.
COMMENTARY:
MarketWatch - Here’s what’s coming to Netflix in January — and what’s leaving - 1 hour 10 min ago
BusinessInsider - 'Natural buzz' for Goldman Sachs, Job hunting at McKinsey and Netflix, and investigating a tech CEO's unexplained death - 11 hours 30 min ago



'Any growth is more than we can afford': Carbon dioxide pollution hits record high as planet warms
CNBC - 11 hours 57 min ago
Carbon dioxide emissions hit 37 billion tons in 2019. The record year caps another decade in which little progress was made in combating global warming.
RELATED:
Indiatimes - Rs 382 cr collected as fine for violation of pollution norms since 2017: RTI - 12 hours 58 min ago



John Durham's investigation into the FBI Russia probe comes into focus
CNN - 12 hours 35 min ago
A clearer picture of the next charged investigation into the FBI's probe of Russian interference in the 2016 election is emerging, and President Donald Trump is already cashing in on suggestions that it could reveal damning accusations of bias by law enforcement and intelligence officials that last ...
COMMENTARY:
The Japan Times - ‘Real sloppiness’ went into Russia probe but no misconduct, James Comey says - 7 hours 27 min ago



Indian-origin MP in race to replace Jeremy Corbyn after Labour's "shattering" poll defeat
Indiatimes - 12 hours 58 min ago
The 40-year-old MP won her Wigan seat in the north-west of England, holding on to one of the key bricks in the so-called "red wall" which collapsed as Prime Minister Boris Johnson's Conservative Party won over traditional Labour Party voters across the region.



Telenor says Huawei will still play role in 5G rollout
Reuters - 13 hours 55 min ago
Telenor will use equipment from Huawei in building Norway's 5G network, the telecoms operator said on Sunday, one of several companies to continue working with the Chinese company despite U.S. pressure.
COMMENTARY:
The Japan Times - Telenor says Huawei will still play role in 5G roll-out - 6 hours 28 min ago
Zero Hedge - Did China Just Threaten To Kill German Car Exports Over Huawei Decision? - 12 hours 13 min ago



Prime Leverage: How Amazon Wields Power in the Technology World
New York Times - 15 hours 28 min ago
Software start-ups have a phrase for what Amazon is doing to them: ‘strip-mining’ them of their innovations.
RELATED:
New York Times - Prime Leverage: How Amazon Wields Power in the Technology World - 15 hours 28 min ago



Govt plans tele-law facility across all CSCs in next fiscal: CSC e-Governance Services CEO
Indiatimes - 16 hours 28 min ago
The government is planning to roll out the tele-law facility across all common service centres, covering more than half of rural India, in the next financial year, according to top official of CSC e-Governance Services India Ltd.
COMMENTARY:
The Japan Times - Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia - 19 hours 28 min ago
Zero Hedge - CEO Of Startup Company Turvo Fired For Expensing $76,120 At Strip Clubs - 21 hours 58 min ago



India expands Indo-Pacific policy
Indiatimes - 18 hours 28 min ago
The Indo-Pacific concept is also moving beyond economic, cultural and historical linkages to include an overarching strategic imperative, which shows India gradually evolving this new foreign policy concept into a hard power attribute, “one which drives existing mechanisms with a new sense of purp ...
COMMENTARY:
Zero Hedge - "Great Slowdown" - Indian Economy Headed Towards ICU, Warns Former Economic Official - 48 min 28 sec ago



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