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TAIPEI (Reuters) - A bilateral trade deal between Taiwan and the United States would reinforce U.S. support for the democratic island in the face of “unrelenting intimidation” from China, Taiwan President Tsai Ing-wen said on Friday. FILE PHOTO: Taiwan President Tsai Ing-wen delivers a speech during National Day celebrations in front of the Presidential Building in Taipei, Taiwan, Oct. 10, 2020. Tsai said she was thankful for bipartisan support from U.S. politicians for such a deal. “Such an agreement would further enhance our close economic and trade partnership, and also reinforce America’s support for Taiwan in the face of unrelenting intimidation from across the Strait,” she added. Tsai alluded to the incoming administration, saying: “As we move towards 2021, the Taiwan-U.S. partnership holds enormous opportunities for growth”.
Persons: Tsai Ing, Ann Wang Taiwan, Tsai, , , Donald Trump, Joe Biden’s Organizations: U.S, REUTERS, American Legislative Exchange Council, Leadership, Taiwan - Locations: TAIPEI, Taiwan, United States, China, Taipei, U.S, Taiwan Strait, Taiwan - U.S
BEIJING (Reuters) - China’s exports and imports are expected to rise at a faster pace in November, helped by strong demand and coronavirus-related disruptions at factories in other countries, a Reuters poll showed on Friday. Imports likely rose 6.1% on-year, also accelerating from the previous month’s 4.7% pace, buoyed by improving domestic demand and higher commodity prices. “The substitution effect of China’s exports will continue to increase as supply capacity of emerging economies has not recovered yet.”China’s official and private manufacturing surveys also showed new export orders expanded at a faster pace. Some firms reported that a strong yuan squeezed profits and reduced export orders in November, the statistics bureau said this week. [CNY/]UBS forecast China’s GDP growth would rebound to 8.2% in 2021, led by exports and domestic consumption.
Persons: Organizations: REUTERS, Stringer, U.S, China Minsheng Bank, UBS Locations: BEIJING, Lianyungang, Jiangsu province, China
Analysis: Is a post-COVID currency war coming?
  + stars: | 2020-12-04 | by ( Marc Jones | Elizabeth Howcroft | ) www.reuters.com + 0.00   time to read: +5 min
In Sweden, whose crown is this year’s best-performing currency, the central bank unexpectedly increased its money-printing programme last week. (Graphic for Emerging market currency rebound: )ROOM TO BOOMIt is not only the expectation that COVID-19 vaccines will normalise trade, travel and commodity prices driving the trend. (Graphic for MSCI EM FX index 2012 and 2020: )IIF chief economist Robin Brooks doubts even that kind of move would trigger a full-blown currency war. Nevertheless, he thinks the euro and the yen will be shoved higher, requiring the European Central Bank and Bank of Japan to respond. “Our concern is the speed of the adjustment,” Thailand’s central bank governor, Sethaput Suthiwart-Narueput, said last week.
Persons: Bernadett Szabo, , , Manik Narain, splurged, Joe Biden’s, Pramol Dhawan, Narain, Brazil’s Guido Mantega, Morgan Stanley, Robin Brooks, ” Brooks, Sethaput Organizations: ., Swiss, REUTERS, Institute of International Finance, UBS, FX, Citi, Federal Reserve, European Central Bank and Bank of Japan Locations: Budapest, Western, South Korea, Taiwan, Thailand, Sweden, Brazilian, Turkish Lira, South, Russian, China, U.S, India
(Reuters) - Some damage to Sino-U.S. ties is “beyond repair” amid a new wave of Trump administration measures to counter China, Chinese state media warned, amid growing rancour underlined by an ugly Twitter spat between a U.S. senator and Chinese journalists. FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Relations between the two countries are being shifted to “a dangerous path”, the editorial said. The Democrat told the New York Times this week that he would not remove existing tariffs set by the Trump administration against China for now. Senator Marsha Blackburn and China Daily journalist Chen Weihua underscored persistent animosity.
Persons: Aly, China Daily, Joe Biden, Cui Tiankai, , Meng Wanzhou, Biden, Trump, Marsha Blackburn, Chen Weihua, Blackburn, China “, Chen, ” Blackburn, Xi Jinping’s, ” Hu Xijin Organizations: Reuters, Bund, REUTERS, Chinese Communist Party, Twitter, Reuters U.S, Huawei, Democrat, New York Times, U.S, China Daily, Republican, China’s Global Times Locations: U.S, China, Shanghai, United States, Canada, Xinjiang, Hong Kong
BEIJING (Reuters) - China will start construction of 10,000 kilometres (6,213.7 miles) of intercity and urban railway over the next five years in Yangtze River Delta, Greater Bay and Beijing-Tianjin-Hebei areas, the state planner said on Friday. The Greater Bay area is a region that includes Hong Kong, Macau and nine cities in China’s southern Guangdong province. China plans to expand its railway network, the second largest in the world, by one-third in the next decade and a half, as part of a long-term plan to rev up urbanisation and stimulate local economies. The country aims to have about 200,000 kilometres of railway tracks by the end of 2035, including about 70,000 km of high-speed railway, according to the plan issued by state-owned China State Railway Group in August.
Organizations: China State Railway Group Locations: BEIJING, China, Greater Bay, Beijing, Tianjin, Hebei, Hong Kong, Macau, China’s, Guangdong
Breakingviews - China's Xi has precious opportunity to clean up
  + stars: | 2020-12-04 | by ( Yawen Chen | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Aly Song - RC2CWJ9UF05ZHONG KONG (Reuters Breakingviews) - China is seizing an opportunity to clean house. From property to cars to chips, officials are pushing new rules and regulations to defuse risks and reallocate capital. The crackdown pushed up bond yields and slowed economic growth: Xi put the cleansing on hold a year later as trade tension with the United States erupted. Bond yields and interbank rates have climbed above pre-pandemic levels. With the world in turmoil, Xi can reasonably conclude that it’s an opportune time to stop kicking the can down the road.
Persons: Xi Jinping, Aly, Xi Organizations: China, REUTERS, Reuters, China Inc Locations: Shanghai, China, HONG KONG, United, chipmaking, Beijing
Dollar weakening expected to last into 2021 as risky bets remain
  + stars: | 2020-12-04 | by ( Hari Kishan | ) www.reuters.com + 0.00   time to read: +4 min
FILE PHOTO: A trader shows U.S. dollar notes at a currency exchange booth in Peshawar, Pakistan December 3, 2018. Despite around 14 million people infected in the U.S. by the coronavirus, hopes for fresh fiscal stimulus and a vaccine will keep global stocks well bid and the dollar weak over the medium term. Over two-thirds of analysts - 51 of 72 - who answered a separate question expected the downward dollar trend to last at least until mid-2021. Most currencies that strengthened significantly against the dollar in 2020 were not expected to repeat their performances next year. “We knew all the issues of dollar weakness, we just didn’t see any currencies that looked attractive.
Persons: Fayaz Aziz, , Kit Juckes, , we’re, we’ve, Jane Foley, I’m, Steve Englander Organizations: REUTERS, Federal, Societe Generale, Rabobank, , Standard Chartered Locations: BENGALURU, Peshawar, Pakistan, U.S, China
Why are people threatening violence against governors who propose even modestly restrictive public health measures? The short answer is that public health has become politicized, and political conflict makes us stupid. The short answer is that public health has become politicized, and political conflict makes us stupid. But it is a self-congratulatory fiction to attribute the public health compliance of earlier generations to a now-lost commitment to fairness and solidarity. It seems more likely that opposition to a foreign enemy — say, China — could cultivate longer-lasting common political commitments in a diverse America.
Persons: Marjorie Taylor Greene, Dan Kahan, Kahan, Jonas Salk's, Jim Crow Organizations: Yale, Polio Locations: Marjorie Taylor Greene of Georgia, Washington, Nuremberg, America, recommitment, China
GUANGZHOU, China — A Chinese spacecraft carrying lunar samples has blasted off from the moon and is preparing to come back to Earth. It's the first time China has launched a spacecraft from an extraterrestrial body and the first time it has collected moon samples. If the moon samples make it back to Earth, China will be only the third country in the world to retrieve lunar samples after the efforts by the U.S. in the 1960s and the Soviet Union in the 1970s. At 23:10 p.m. Beijing time on Thursday, the Chang'e-5 spacecraft took off from the moon, according to the China Aerospace Science and Technology Corporation. In June, China launched the final satellite to complete Beidou, its rival to the U.S. government-owned Global Positioning System (GPS), which is widely used across the world.
Persons: Xi Jinping Organizations: China Aerospace Science, Technology Corporation, . Locations: Hainan, GUANGZHOU, China, U.S, Soviet Union, Beijing, China's, Mongolia
Completely driverless cars are being tested in China for the first time
  + stars: | 2020-12-04 | by ( Abigail Ng | ) www.cnbc.com sentiment -0.99   time to read: +2 min
SINGAPORE — Self-driving cars without human drivers as a back-up are now being tested in China's Shenzhen city, according to AutoX, a Chinese autonomous car technology firm. Jewel Li, the firm's chief operating officer, told CNBC that more than 100 robotaxis are being tested across Chinese cities, with 25 fully autonomous vehicles in Shenzhen. Li said one of those cities will likely be in Southeast Asia, but did not specify which. "We're very excited about the Southeast Asia market, we think this is the next rising market," she said. AutoX also has a pilot self-driving taxi service in Shanghai and a permit to test driverless cars without a safety driver in parts of San Jose, California.
Persons: Jewel Li, Jianxiong Xiao, Li, It's, AutoX Organizations: SINGAPORE —, CNBC Locations: SINGAPORE, China's Shenzhen, China, Shenzhen, Southeast Asia, Asia, AutoX, Shanghai, San Jose , California
Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada November 16, 2020. Huawei declined to comment on the WSJ report. Meng was arrested in Vancouver, Canada in December 2018. She would also be able to return to China from Canada, where she is currently on bail in her house. So far, Meng has resisted the proposed deal because she believes she has done nothing wrong, the report added.
Persons: Meng Wanzhou, Jennifer Gaulthier, Meng, Trump Organizations: Huawei Technologies, Reuters, Wall Street Journal, U.S . Department of Justice, The, Justice, CNBC, Huawei, HSBC Locations: Vancouver , British Columbia, Canada, Reuters GUANGZHOU, China, The U.S, Vancouver, U.S, Iran
SINGAPORE — JPMorgan says stocks in emerging markets may rise as much 20% in 2021 after being largely ignored by investors this year. "I think emerging markets are very under owned as we see in the markets rally," Joyce Chang, chair of global research at JPMorgan, told CNBC's "Street Signs Asia" on Thursday. Besides China and India, many other emerging markets have been shunned by investors in 2020 as they largely flocked toward safety. Historically, investors have had about 9% allocated overall to emerging market stocks, she explained. "I think there's scope for catch-up in 2021 for emerging markets," she said.
Persons: Joyce Chang, CNBC's, Chang Organizations: SINGAPORE, JPMorgan, U.S . Federal Reserve Locations: China, India, Brazil, Indonesia, South Korea, Thailand, Singapore
U.S. in talks with Huawei CFO Meng on resolving criminal charges: source
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
Lawyers for Meng have spoken to Justice Department officials in recent weeks about the possibility of reaching a “deferred prosecution agreement,” the source said, confirming an earlier report in the Wall Street Journal. Under such an agreement, Meng would be required to admit to some of the allegations against her but prosecutors would agree to potentially defer and later drop the charges if she cooperated. She is facing charges of bank fraud for allegedly misleading HSBC Holdings Plc about Huawei Technologies Co Ltd’s business dealings in Iran, causing the bank to break U.S. sanctions. Justice Department spokesman Marc Raimondi declined to comment. Huawei did not immediately respond to Reuters’ request for comment.
Persons: Meng Wanzhou, Meng, Marc Raimondi Organizations: U.S . Justice, Justice Department, Street, HSBC Holdings Plc, Huawei Technologies, Justice, Huawei, Reuters Locations: China, Canada, United States, Iran
WASHINGTON — U.S. intelligence shows that China has conducted "human testing" on members of the People's Liberation Army in hopes of developing soldiers with "biologically enhanced capabilities," the nation's top intelligence official said Friday. Specifically, the scholars explored Chinese research using the gene-editing tool CRISPR, short for "clusters of regularly interspaced short palindromic repeats." "Chinese military scientists and strategists have consistently emphasized that biotechnology could become a 'new strategic commanding heights of the future Revolution in Military Affairs,'" the scholars wrote, quoting a 2015 article in a military newspaper. The overall message of Ratcliffe's opinion piece is that China is a dangerous adversary that threatens American economic and national security. In an interview with Fox News, Ratcliffe urged President-elect Joe Biden to "be honest" about China.
Persons: National Intelligence John Ratcliffe, Ratcliffe, Captain America, Jean Claude Van Damme, Dolph Lundgren, Tommy, Tiny, CRISPR, Elsa Kania, Wilson VornDick, VornDick, Joe Biden, Biden, Trump Organizations: WASHINGTON —, People's Liberation Army, National Intelligence, Republican, CIA, Universal, TriStar, Getty, Center, New, New American Security, U.S . Navy, Military Affairs, NBC News, Fox News Locations: WASHINGTON, WASHINGTON — U.S, China, Texas, New American, Republic of China, America, Beijing
NEW YORK/LONDON/MELBOURNE/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Europe’s largest airline boosted its 737 MAX order from Boeing to 210, adding 75 aircraft, the U.S.-based manufacturer said on Thursday. And if Ryanair proves to have been too ambitious, it can prolong delivery and payment to Boeing. Richard’s bid gives Orange Belgium an enterprise value of nearly 1.6 billion euros, including its estimated 274 million euros of debt. But global luxury sales will still be between $40 billion and $80 billion below pre-pandemic levels next year, says McKinsey.
Persons: Angus Mordant, Robert Cyran, Boeing’s, it’s, can’t, Lauren Silva Laughlin, Brent, George Hay, Richard, Franco, Patrick Drahi, Drahi’s, Ed Cropley, Valery Giscard d’Estaing, Francois Mitterrand, Giscard, Tom Wolfe’s, Sherman McCoy, “ Giscards, Christopher Thompson, Peter Jackson, Draftkings, Jackson, Liam Proud, Morgan Stanley, Aimee Donnellan, What’s, Alan Joyce, Joyce, Jeffrey Goldfarb, won’t, Lisa Jucca, Ackman’s, Neil Unmack Organizations: Reuters, Corona, REUTERS, Chevron, Boeing, Exxon Mobil, Ryanair, SCORE, of, Petroleum, Saudi, United Arab Emirates, U.S, drillers, Paris, Orange, FRANCE, Socialist, United, Portland Estates, Qantas Airways, Qantas, Norwegian Air Shuttle, Middle, McKinsey, Barclays, Diageo, Pershing Square Holdings, Euronext Amsterdam, London Stock Exchange Locations: MELBOURNE, MILAN, Loving County , Texas, U.S, Europe’s, Russia, Saudi Arabia, UAE, ORANGE, France, Belgium, Brussels, Belgian, Orange Belgium, Amsterdam, , American, Dublin, confinements, United Kingdom, Germany, Italy, Spain, Portland, Paris, London, Oslo, China, Middle Kingdom, Europe
WASHINGTON (Reuters) - The Trump administration on Thursday added China’s top chipmaker SMIC and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office. Slideshow ( 2 images )The Department of Defense designated a total of four additional companies as owned or controlled by the Chinese military, including China Construction Technology Co Ltd and China International Engineering Consulting Corp. The move, first reported by Reuters on Sunday, brings the total number of companies blacklisted to 35. The Chinese embassy in Washington, Semiconductor Manufacturing International Corp (SMIC) and China National Offshore Oil Corp (CNOOC) did not immediately respond to requests for comment. Congress and the administration have sought increasingly to curb the U.S. market access of Chinese companies that do not comply with rules faced by American rivals, even if that means antagonizing Wall Street.
Persons: Trump, Joe Biden, Donald Trump, Trump’s, Biden, Organizations: WASHINGTON, Department of Defense, China Construction Technology Co Ltd, China International Engineering Consulting Corp, Reuters, Semiconductor Manufacturing International Corp, China National Offshore Oil Corp, CNOOC, U.S . Commerce Department, Communist Chinese Military, Pentagon, People’s Liberation Army, Giants, China Telecom, China Mobile, U.S, Vanguard Group, BlackRock Inc, U.S . House, Trump Locations: Beijing, China, Washington, crosshairs, U.S, Hikvision, American
WASHINGTON (Reuters) - The Trump administration on Thursday added China’s top chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office. Slideshow ( 2 images )The Department of Defense designated a total of four additional companies as owned or controlled by the Chinese military, also including China Construction Technology Co Ltd and China International Engineering Consulting Corp. The move, first reported by Reuters on Sunday, brings the total number of companies blacklisted to 35. SMIC said in a stock market statement that it strongly opposes the decision of United States Department of Defense, which reflects a fundamental misunderstanding by the U.S.administration regarding the end-uses of its business and technology. Shares of CNOOC’s listed unit CNOOC Ltd had fallen by nearly 14% percent following the Sunday report.
Persons: Trump, Joe Biden, Donald Trump, SMIC, Organizations: WASHINGTON, Department of Defense, China Construction Technology Co Ltd, China International Engineering Consulting Corp, Reuters, Republican, Embassy, Foreign Ministry, Offshore Oil Corp, United States Department of Defense, CNOOC, U.S . Commerce Department, Biden, Democratic, Communist Chinese Military, Pentagon, People’s Liberation Army, Giants, China Telecom, China Mobile, U.S, Vanguard Group, BlackRock Inc, U.S . House, Trump Locations: Beijing, China, Washington, Hong Kong, crosshairs, U.S, Hikvision, American
Brazilian soy farmers try 5G technology with Huawei equipment
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
“We launched this application for soy to show how 5G used with drones can raise productivity and reduce herbicide costs,” Fontes said by telephone. Huawei representatives declined to comment on a report on Thursday that the rules drawn up for the auction of spectrum frequencies in the first half of 2021 do not exclude Huawei. Brazil’s far-right President Jair Bolsonaro would have to make any decision on a Huawei ban. His government has been under pressure from the Trump administration to exclude Huawei due to security concerns. Telecom companies in Brazil, such as Claro, oppose a ban because they already use Huawei equipment.
Persons: Tiago Fontes, , ” Fontes, Anatel, Jair Bolsonaro, Trump Organizations: Reuters, China’s Huawei Technologies, Huawei, Huawei Brasil, Claro, S.Paulo, Company, Telecom Locations: BRASILIA, Goias, Rio Verde, Brazil, Claro
WASHINGTON (Reuters) - The top U.S. intelligence official stepped up the Trump administration’s harsh attacks on Beijing on Thursday, labeling China the biggest threat to democracy and freedom worldwide since World War Two and saying it was bent on global domination. Beijing has frequently called on U.S. leaders to dial back their rhetoric on China, which it blames on fear of China’s growing role in the world. Ratcliffe alluded to reports collected by U.S. intelligence agencies that Chinese representatives have sought to interfere in U.S. domestic politics. Now let’s all be honest about China,” Ratcliffe told Reuters after the article was published. On Thursday, the Trump administration restricted travel to the United States by members of China’s ruling Communist Party and their families.
Persons: John Ratcliffe, Andrew Harnik, National Intelligence John Ratcliffe, Ratcliffe, Trump, , Rob, Donald Trump’s, Biden, Xi, , ” Ratcliffe, China’s, Hacking, ” Bonnie Glaser, Joe Biden Organizations: WASHINGTON, Trump, Capitol, National Intelligence, Wall Street, Republican, of, Communist Party, U.S, Center for Strategic, International Studies Locations: Beijing, China, R, Washington , U.S, U.S, America, , Washington, Hong Kong, South China, Xinjiang, Ratcliffe, United States, Asia
Abrams also threatened further U.S. sanctions against anyone responsible for “electoral fraud” in Venezuelan congressional elections scheduled for Sunday. “They are really up against the wall,” Abrams said, referring to the economic impact of U.S. sanctions on Maduro and his allies. “And we’ve got a lot of leverage; we should use it ... My policy advice (to the Biden administration) would be no giveaways to Maduro.”Biden’s transition team did not immediately respond to a request for comment. Despite Trump’s campaign of sanctions and diplomatic pressure, Maduro has remained in power, backed by the OPEC nation’s military and supported by Russia, Cuba, China and Iran. The ballot could pave the way toward Venezuela’s opposition losing control of the National Assembly, which would complicate Guaido’s standing based on his position as the speaker of the congress.
Persons: Biden, Nicolas Maduro, Elliott Abrams, Andrew Harnik, Donald Trump’s, Joe Biden, Abrams, ” Abrams, we’ve, Maduro, Maduro’s, Trump, GUAIDO Abrams, Juan Guaido, Guaido, , ” Guaido Organizations: WASHINGTON, U.S, State Department, REUTERS, Reuters, Maduro’s Socialist Party, OPEC, National Assembly Locations: Venezuela, Washington , U.S, Iran, Washington, U.S, Russia, Cuba, China, United States
Russian, Chinese intelligence targeting Norwegian oil secrets: report
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
OSLO (Reuters) - Russia, China and other countries are using espionage to glean secrets of Norway’s petroleum industry and plans by its government to cut or increase production, the Norwegian counterintelligence service PST said. The warning comes less than four months after Norway expelled a Russian diplomat on suspicion of espionage and detained his contact, a Norwegian citizen. Risk management and quality assurance consultancy DNV GL has said the Norwegian suspect worked at its oil and gas unit, specialising in 3D printing and materials technology. The report said more than 50 Norwegian oil and gas companies including Equinor and the oil and energy ministry had been the subject of a cyber attack in 2014. “Russian, Chinese and other countries’ intelligence services have large technological and human resources, and they work long-term, purposefully and with a large degree of patience,” the counterintelligence service said.
Persons: Kacper Organizations: REUTERS, OPEC, Reuters Locations: OSLO, Russia, China, Norwegian, Norway, Russian, OPEC, Oslo
LONDON/MELBOURNE/MILAN (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Former French President Valery Giscard d'Estaing speaks during an interview with Reuters in his office in Paris, France, February 11, 2016. LATEST- Valery Giscard d’Estaing- Flutter- Working from homeA CREDIT TO FRANCE. Peter Jackson, chief executive of Irish gambling group Flutter Entertainment, is doubling down on the burgeoning American sports-betting market. The stake’s current owner, Fastball, will get about $2.1 billion in cash and the rest in Flutter shares.
Persons: Valery Giscard d'Estaing, Valery Giscard d’Estaing, Francois Mitterrand, Giscard, Tom Wolfe’s, Sherman McCoy, “ Giscards, Christopher Thompson, Peter Jackson, Draftkings, Jackson, Liam Proud, Morgan Stanley, Aimee Donnellan, What’s, Alan Joyce, Joyce, Jeffrey Goldfarb, Ed Cropley, won’t, Lisa Jucca, Ackman’s, Neil Unmack Organizations: Reuters, Corona, FRANCE, Socialist, United, Portland Estates, Qantas Airways, Qantas, Norwegian Air Shuttle, Middle, McKinsey, Barclays, Diageo, Pershing Square Holdings, Euronext Amsterdam, London Stock Exchange Locations: MELBOURNE, MILAN, Paris, France, , American, Dublin, U.S, confinements, United Kingdom, Germany, Italy, Spain, Portland, London, Oslo, China, Middle Kingdom, Europe
Breakingviews - Daimler could be Elon Musk's Time Warner
  + stars: | 2020-12-03 | by ( Christopher Thompson | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Arnd WiegmannLONDON (Reuters Breakingviews) - Electric-car maker Tesla is worth an eye-popping $540 billion despite a puny 0.8% global market share. One name remaining is $74 billion Daimler, the world’s biggest-selling luxury carmaker, whose shares have trailed the benchmark STOXX Europe 600 Auto index over the past 5 years. But adding Daimler could increase Tesla’s global car output around fourfold. And the German group’s deep foundations in Europe and China, the two biggest battery-vehicle markets, would reinforce Musk’s electric offensive. At Tesla’s current equity value, Musk could theoretically snap up a target worth $100 billion or more.
Persons: Tesla, Elon Musk, Musk, VW, There’s Organizations: Tesla, REUTERS, Reuters, AOL, Time Warner, Benz, Daimler, JPMorgan, Toyota Motor, Toyota, Volkswagen, Ford Motor, General Motors, BMW, VW, U.S Locations: Dietikon, Switzerland, EVs, Europe, China, Tesla
FILE PHOTO: The flags of China, the United States and Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. REUTERS/Aly Song/File PhotoNEW YORK (Reuters) - U.S. President Donald Trump’s administration issued rules to restrict travel to the United States by Chinese Communist Party members and their families, the State Department said in a statement sent on Thursday. The policy reduces the maximum validity of B1/B2 visitor visas for Party members and their immediate family members from 10 years to 1 month, the statement said. The measure was aimed at protecting the nation from the party’s “malign influence.”
Persons: Aly, Donald Trump’s, Organizations: Chinese Communist Party, REUTERS, State Department Locations: China, United States, Yiwu, Zhejiang province
FILE PHOTO: Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, speaks during a Reuters investment summit in New York City, U.S., November 7, 2019. “The markets are right, I think the dollar will cheapen from here,” Rick Rieder, BlackRock’s chief investment officer for fixed income, told the Reuters summit. Signs of that shift are reflected in Citi’s economic surprise indexes for Europe and emerging markets -- having lagged all year, they are now decisively outperforming their U.S. counterpart. He is long the euro, yen and some emerging market currencies versus the dollar. “What we tend to see when economies come out of recession is the dollar weakens and in many cases weakens quite dramatically,” said Norman Villamin, chief investment officer for wealth management at UBP.
Persons: Rick Rieder, Lucas Jackson, ” Rick Rieder, ” David Kelly, Donald Trump’s, “ It’s, , Peter Fitzgerald, Jim Leaviss, Norman Villamin Organizations: REUTERS, Reuters Investment, Reuters, Citi, BNP, Deutsche, U.S ., Asset Management, Fed, Aviva Investors, G Investments Locations: New York City, U.S, China, Europe, United States, Japan
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