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☆ Asia stocks hang onto weekly gains as yields, oil fall
▼ + stars: | 2023-11-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

The market is pricing in 98 basis points of cuts next year, compared with 73 basis points a week ago. "We forecast the policy rate to drop 100 basis points in 2H24 to end the year at 4.5%, before settling on hold at 3.5% by 1Q25." Treasury investors were looking to price in a little of that right now with yields on two-year treasuries down a whopping 21 basis points for the week at 4.85%. Ten-year note yields stood at 4.44%, having fallen 18 basis points for the week so far, a rousing rally from the 5.02% high hit just a month ago. It fared better against commodity-linked currencies such as the Canadian dollar , which were hampered by the slide in oil.

Persons: Brent, Xi Jinping, Joe Biden, Fumio Kishida, Xi, Wayne Cole, Sam Holmes Organizations: SYDNEY, Dealers, Walmart, Equity, Nasdaq, Japan's Nikkei, Bank of Japan, Japanese, APEC, Federal Reserve, JPMorgan, 1Q25, Treasury, Fed, Thomson Locations: Asia, Japan, Pacific, U.S, United States, China, 2H24

☆ Canada PM Says He Hopes to Meet China's Xi One Day Once Tensions Defused
▼ + stars: | 2023-11-17 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Friday said he hoped to meet Chinese President Xi Jinping once the two sides had put in the work needed to repair badly strained bilateral ties. China and Canada have had poor relations for years amid disagreements over human rights and complaints by Ottawa about alleged Chinese interference in the last two elections. Xi had a four-hour meeting with President Joe Biden on the sidelines of the APEC summit. Biden subsequently said he had not changed his view that Xi was effectively a dictator. Asked whether he agreed with this assessment, Trudeau replied: "China's a one party state.

Persons: Justin Trudeau, Xi Jinping, Trudeau, Xi, Joe Biden, Biden, David Ljunggren, Diane Craft Organizations: OTTAWA, Canadian, APEC Locations: China, Canada, Ottawa, San Francisco

☆ US, Philippines sign landmark nuclear deal
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Barria Acquire Licensing RightsMANILA, Nov 17 (Reuters) - The United States and the Philippines on Friday signed a landmark deal that would allow Washington to export nuclear technology and material to Manila, which is exploring the use of nuclear power to decarbonise and boost energy independence. "Nuclear energy is one area where we can show the Philippines-U.S. alliance and partnership truly works." U.S. Congress approval is needed for the deal, which will allow a peaceful transfer of nuclear material, equipment and information in adherence with non-proliferation requirements. The Philippines wants to tap nuclear power as a viable alternative baseload power source as it seeks to retire coal plants to help meet climate goals and boost energy security. Completed in 1984, the Bataan Nuclear Power Plant was mothballed two years later following the ouster of the older Marcos, the deadly Chernobyl nuclear disaster, and corruption allegations.

Persons: Ferdinand Marcos Jr, Carlos Barria, Antony Blinken, Marcos, Neil Jerome Morales, Kanupriya Kapoor Organizations: Economic Cooperation, REUTERS, Rights, APEC, International Atomic Energy Agency, Bataan Nuclear, Thomson Locations: Philippines, Asia, San Francisco , California, U.S, Rights MANILA, United States, Washington, Manila, San Francisco, Taiwan

Social media’s antisemitism problemThe rise in antisemitism since the outbreak of war in the Middle East has ignited a clash between Wall Street donors and universities, and divided some workplaces. Now, the pressure is building on social media platforms, particularly Elon Musk’s X and TikTok, with advertisers, celebrities and influencers pulling spending and confronting executives about the proliferation of hate speech. He posted to X his support for white nationalist conspiracy theories that Jewish communities were spreading hatred. Yaccarino was brought in to win back advertisers after Musk bought Twitter last year and culled many content moderators. More than a dozen Jewish celebrities and creators, including the actors Sacha Baron Cohen, Debra Messing and Amy Schumer, confronted TikTok executives this week.

Persons: Elon Musk’s, Adolf Hitler, Musk, X’s, Linda Yaccarino, Yaccarino, “ Linda, ” Martin Sorrell, DealBook, TikTok, Sacha Baron Cohen, Debra Messing, Amy Schumer, “ Hitler, Anne Frank ”, Cohen, ”, Osama bin, bin Laden, —, Alex Haurek, George Santos, Biden, Xi Jinping, Doug McMillon, Walmart’s, “, ” Brian Cornell, ’ Organizations: IBM, Media, America, Nazi Party, Apple, Oracle, Defamation League, Twitter, S4 Capital, House, Big, General Motors, Hyundai, Republican, Justice Department, Business, APEC, West Texas Intermediate, Consumers, Depot, Walmart Locations: TikTok, New York, Hong Kong, China, San Francisco, Beijing, Washington, U.S

☆ China tells Japan to reaffirm strategic relations in rare leader talks
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: +3 min

China and Japan should reaffirm their "strategic relationship of mutual benefit and give it new meaning", he added. In brief remarks at the start of the meeting, Kishida told Xi: "Japan and China coexist and prosper as neighbors and have a responsibility to contribute to world peace and prosperity." Kishida also met Biden at the summit where they discussed issues including "common challenges" that they share with China. China's push to reaffirm relations with Japan could be partly driven by Tokyo's close ties with its arch-rival Washington, said Rumi Aoyama, an expert on Japan-China relations. On the sidelines of the APEC summit, Kishida has also met South Korean President Yoon Suk Yeol in their seventh meeting this year.

Persons: Noushad Thekkayil, Xi Jinping, Fumio Kishida, Xi, Kishida, Joe Biden, Biden, Washington, Rumi Aoyama, Aoyama, Yoon Suk, Yoon Organizations: Asian, Hangzhou, Olympic Sports Centre, Getty Images, Japanese, APEC, China, ., Waseda Institute of Contemporary Chinese, South, Economic Cooperation Locations: Japan, Aichi, Nagoya, Hangzhou, China's, Zhejiang, San Francisco, China, Taiwan, Beijing, Gaza, U.S, United States, Asia

☆ US, Indo-Pacific partners need to 'recalibrate' trade talks -USTR's Bianchi
▼ + stars: | 2023-11-17 | by ( David Lawder | ) www.reuters.com time to read: +3 min

"We’ve got to recalibrate in the new year with our partners," Bianchi said in an interview on the sidelines of the Asia Pacific Economic Cooperation summit in San Francisco. USTR said later in a statement that it was seeing progress in the trade negotiations on trade facilitation, agriculture, technical assistance and economic cooperation. Senator Sherrod Brown, a Democrat facing a tough re-election fight in the industrial state of Ohio, last week demanded that Biden drop the trade pillar from the Indo-Pacific initiative. Brown on Wednesday claimed responsibility for the stalling IPEF trade pillar by insisting on enforceable labor provisions. Bianchi said some of the other 12 IPEF countries in the trade talks "prefer a different approach" on labor and environment chapters, but they support continued negotiations on trade.

Persons: Carlos Barria, Sarah Bianchi, We’ve, Bianchi, USTR, Joe Biden, Sherrod Brown, Biden, Brown, David Lawder, David Gregorio, Raju Gopalakrishnan Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Economic, U.S . Trade, Reuters, Asia Pacific Economic Cooperation, Pacific Partnership, Democrat, U.S ., Partners, Thomson Locations: Asia, Pacific, San Francisco , California, U.S, San Francisco, Ohio, Vietnam, Indonesia, Canada, Mexico

☆ Xi revealed the extent of China's economic woes by the speed at which he caved to some of Biden's demands
▼ + stars: | 2023-11-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

China's Xi Jinping and President Joe Biden had their first meeting in a year this week. Xi entered the talks in an unfamiliar position of weakness amid China's economic woes. It was a stark contrast to recent public remarks by the Chinese president, where he sought to blame crises and conflicts across the globe on US meddling. The New York Times noted just how quickly Xi agreed to the demands, with previous US-China deals brokered after days of painstaking diplomatic negotiations. Though Xi is hoping for a short-term decrease in tensions, Chinese economic woes are unlikely to have altered his long-term calculations.

Persons: China's Xi Jinping, Joe Biden, Xi, —, Xi Jinping, Biden, Patricia Kim, Nancy Pelosi's, he'd, Robert Daly, Wilson, Vladimir Putin Organizations: Service, APEC, Center for East Asia Policy Studies, Biden, UAE ., New York Times, Associated Press, Institute, Russian, The New York Times Locations: San Francisco, China, United States, UAE, Taiwan, Beijing, Russia, Ukraine, East, Iran, Gaza, Washington

☆ The Story About the Story About San Francisco
▼ + stars: | 2023-11-16 | by ( James Freeman | ) www.wsj.com time to read: 1 min

San Francisco Mayor London Breed at a flag-raising ceremony for the APEC Summit last week at City Hall. This column recently noted the feverish effort by San Francisco officials to present their city as safe and thriving while dignitaries are in town for the Asia-Pacific Economic Cooperation summit. Mayor London Breed is especially eager to create a new media narrative about the city’s problems. But headlines don’t invent themselves and this week brings yet another reminder that if Ms. Breed doesn’t want media outlets to write stories about lawlessness then she will need to enforce laws.

Persons: Eric Risberg, London Breed, Breed Organizations: San Francisco Mayor London Breed, APEC, City, San Francisco, Economic Cooperation, London Locations: Asia

☆ Trans-Pacific trade deal members meet at APEC summit, say open to new members
▼ + stars: | 2023-11-16 | by ( David Lawder | ) www.reuters.com time to read: +2 min

A sign advertising the upcoming APEC (Asia-Pacific Economic Cooperation) Summit in see as the city prepares to host leaders from the Asia-Pacific region in San Francisco, California November 8, 2023. The lack of an IPEF trade deal is a setback for the Biden administration. The CPTPP is the successor to the Trans-Pacific Partnership free trade deal, from which former President Donald Trump withdrew as soon as he took office in 2017. The CPTPP meeting on the sidelines of the APEC leaders' summit was the first ministerial to include new member Britain, which signed up to the trade bloc in July. The current CPTPP members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom, and Vietnam.

Persons: Carlos Barria, Biden, Donald Trump, CPTPP, David Lawder, Lincoln Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Trans, Pacific, U.S, Economic, Pacific Partnership, Britain, Thomson Locations: Asia, Pacific, San Francisco , California, States, San Francisco, Taiwan, Costa Rica, Ecuador, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United Kingdom, Vietnam

Japan's Prime Minister Fumio Kishida and Chinese President Xi Jinping pose for a family photo during Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. They also pledged to hold high-level dialogue on economic issues and welcomed the launch of a framework to discuss export controls as they met on the sidelines of an Asia Pacific Economic Cooperation summit. In a joint statement in 2008, Japan and China agreed to pursue a "mutually beneficial relationship based on common strategic interests" designed to ensure frequent leadership exchanges on issues such as security and economic cooperation. On the sidelines of the APEC summit, Kishida has also met South Korean President Yoon Suk Yeol for their seventh meeting this year. Leaders from the 21-member Asia-Pacific Economic Cooperation forum are in San Francisco for its 30th summit from Nov. 15-17.

Persons: Fumio Kishida, Xi Jinping, Carlos Barria, Xi, Kishida, Joe Biden, Biden, Washington, Rumi Aoyama, Aoyama, Yoon Suk, Yoon, Mariko Katsumura, John Geddie, Kaori Kaneko, Sakura Murakami, Ethan Wang, Stephen Coates, Raju Gopalakrishnan Organizations: Japan's, Economic Cooperation, REUTERS, Asia, Astellas Pharma, ., Waseda Institute of Contemporary Chinese, APEC, South, Thomson Locations: Asia, San Francisco , California, U.S, China, San Francisco, Japan, Taiwan, Beijing, United States, Tokyo

☆ On sidelines of APEC Summit, Xi Jinping vows to be a ‘partner and friend’ of the US
▼ + stars: | 2023-11-16 | by ( Nectar Gan | Juliana Liu | ) edition.cnn.com time to read: +7 min

CNN —China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. “China is willing to be a partner and friend of the United States,” he added. China is happy to see a confident, open and prosperous US,” Xi said. Xi recalled entering the US on that trip through San Fransisco, which he said formed his “first impression” of America. Under Xi, China has further expanded the scope of its anti-espionage law, raided US consultancy and due-diligence firms and detained executives in the name of national security, sending a chill through the foreign business community.

Persons: Xi Jinping, Xi, ” Xi, Tim Cook, Elon Musk, Joe Biden, ”, Biden, Dexter Roberts, Roberts, “, ’ “ Liu Dongshu, ” Liu, Fred Hu, ” Hu, China “ Organizations: CNN, Economic Cooperation, Apple, Tesla, US, China Business Council, National Committee, China Relations, Flying Tigers, Mansfield Center, University of Montana, City University of Hong, Primavera Capital Group, Bloomberg, Economy, China Locations: China, United States, San Francisco, Asia, Japan, Iowa, America, San Fransisco, City University of Hong Kong, Xi, Singapore

Lai, vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate, has almost consistently led opinion polls ahead of an election taking place amid increased Chinese pressure on Taiwan to accept Beijing's sovereignty claims. Vincent Chao, spokesperson for the Lai campaign, declined to comment on Hsiao's role but said an announcement on a running mate would be made on Monday. Randall Schriver, the former U.S. assistant secretary of defense for Indo-Pacific Security Affairs, described Hsiao as a "good partner in promoting U.S.-Taiwan relations." The DPP-led government says only Taiwan's people can decide their future, and has repeatedly offered talks with Beijing but been rebuffed. Like Lai, Hsiao is detested by China, which has on two occasions placed sanctions on her, most recently in April, saying she is an "independence diehard".

Persons: Lai Ching, Lai, Democratic Progressive Party's, Hsiao, Vincent Chao, Ivan Kanapathy, Randall Schriver, Chen Shui, Ben Blanchard, Yimou Lee, Michael Martina, Gerry Doyle Organizations: Democratic Progressive, APEC, Asia, U.S . National Security Council, Reuters, Georgetown University, Patriot, Pacific Security Affairs, U.S, DPP, Taiwan Affairs Office, Thomson Locations: TAIPEI, United States, Washington, Taiwan, San Francisco, U.S, Taipei, Ukraine, China, Beijing, Japan

[1/5] San Francisco drag queen Khmera Rouge performs onstage during the GAYPEC event hosted at Beaux Night Club in the Castro District of San Francisco, California, U.S., November 15, 2023. San Francisco is known for its large and politically active LGBTQ population, and its myriad gay bars, including the venue for Wednesday's event, Beaux. Most at the event, as it turned out, were not APEC delegates. Stephanie Wong and Khoa Tran, founders of San Francisco tech startup reverylab.com, said they came because they were curious -- and they thought it would offer networking opportunities. Mark Anthony Catalan, a university student and a volunteer at the APEC summit, said he was sceptical.

Persons: Khmera Rouge, Brittany Hosea, frocks, Rafael Mandelman, Castro, Evan Low, Stephanie Wong, Khoa Tran, Mark Anthony Catalan, Ann Saphir, Sharon Singleton Organizations: Beaux Night, Castro District of, REUTERS, FRANCISCO, Asia Economic Cooperation, Reuters, Pew Research, APEC, San, Thomson Locations: Francisco, Castro District, Castro District of San Francisco , California, U.S, San Francisco, . California

☆ Day After Xi Meeting, Biden Says U.S. Has ‘Real Differences’ With China
▼ + stars: | 2023-11-16 | by ( Katie Rogers | More About Katie Rogers | ) www.nytimes.com time to read: 1 min

President Biden said Thursday that the United States has “real differences with Beijing,” one day after he held an hourslong meeting with President Xi Jinping of China at a moment of deep tension between the two countries. Speaking to executives at the APEC summit in San Francisco, Mr. Biden noted that he and Mr. Xi had agreed to resume military-to-military communication to “reduce the risk of miscalculation” — a line that got a round of applause from the room. “We have real differences with Beijing,” Mr. Biden said. “We are going to continue to address them with smart policies and strong diplomacy.”Mr. Biden also stressed that a strong U.S. economy was helping the Indo-Pacific region. The president has been frustrated that positive news about the U.S. economy has not seemed to resonate with the public, so on Thursday he took the opportunity to tick through the numbers.

Persons: Biden, Xi Jinping, Mr, Xi, ” Mr Organizations: APEC Locations: United States, Beijing, China, San Francisco, U.S

☆ Biden and Xi sought to pull away from deepening conflict. They failed.
▼ + stars: | 2023-11-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Biden and Xi sought to smooth frayed relations at their meeting on during the APEC summit. AdvertisementChinese leader Xi Jinping was keen to stress the potentially dire consequences of US-China tensions after his first meeting with Joe Biden in more than a year. Xi seemed keen in the speech to find common ground after months of worsening relations between the superpowers. As notable as the successes, were the areas where Biden and Xi failed to reach an agreement. And in the South China Sea, a region where China has sought to establish its dominance, Chinese warplanes have sought to intimidate US fighter jets.

Persons: Biden, Xi, —, Xi Jinping, Joe Biden, Jonathan Ward, Xi's, Nancy Pelosi's Organizations: APEC, Service, Wednesday's, Allies, Atlas Group, The New York Times Locations: China, San Francisco ., United States, San Francisco, Taiwan, Ukraine, East, Russia, Israel, Gaza, South China

☆ APEC Summit Biden Aims to Fortify Ties With Asian Nations at Summit in San Francisco
▼ + stars: | 2023-11-16 | by ( Katie Rogers | ) www.nytimes.com time to read: +12 min

Image President Xi Jinping of China spoke to a crowd of U.S. business executives at a dinner in San Francisco on Wednesday evening. “There are hundreds and hundreds of activists —” Crowd: “Go home Xi Jinping!” “— who are coming together from all corners of this nation.” “We are really upset. 1 question for us is: Are we adversaries or partners?” Mr. Xi asked. Mr. Orlins said the Chinese had prepared three versions of a speech Mr. Xi could deliver that night. After Wednesday’s events with Mr. Biden, Mr. Xi picked the friendliest one.

Persons: Xi Jinping, Carlos Barria, Xi, —, Xi Jinping doesn’t, ”, ” “, Jinping, Josh Edelson, Xi —, Mr, Tim Cook, Larry Fink, BlackRock, Jerry Brown, Elon Musk, ” John L, Holden, Biden, Doug Mills, ” Michael Hart, Jim Wilson, Angus, Gina M, Raimondo, “, Ms, “ I’m, Stephen A, United States — Deng Xiaoping, Jiang Zemin, Hu Jintao, Deng, It’s, ” Mr, Orlins, “ They’re, Jeff Chiu, Biden’s Organizations: Visit, Credit, Agence France, Hyatt Regency, Apple, Boeing, Pfizer, Nike, FedEx, Elon, McLarty Associates, San Francisco . Credit, New York Times, U.S, American Chamber of Commerce, ., Mr, National Committee, United, China Relations, Associated, U.S ., China Business Council, Economic Cooperation, Consulate Locations: China, U.S, San Francisco, Hong Kong, Tibet, United States, California, Filoli, San Francisco ., ”, Iowa, Asia, Pacific

"We will continue working to better facilitate high-standard trade that advances workers' rights through strong enforcement of labor standards." Biden was also to take part on Thursday in an event for the Indo-Pacific Economic Framework (IPEF), a 14-nation group his administration established. Hopes for an IPEF trade deal were dashed this week. Asked how long an IPEF trade agreement could take to conclude, an administration official said most negotiations take years but the White House intended to work on an "accelerated timeline." "A stable relationship between the world's two largest economies is not merely good for those two economies but for the world," Biden said to applause.

Persons: Joe Biden, Biden, White, Donald Trump, Republican Trump, Fumio Kishida, Xi Jinping, Justin Trudeau, Anthony Albanese, Dina Boluarte, Srettha Thavisin, Hassanal, Gina Raimondo, Xi, Trevor Hunnicutt, David Brunnstrom, Nandita Bose, Katharine Jackson, Andrea Shalal, Heather Timmons, Josie Kao, Cynthia Osterman Organizations: FRANCISCO, Asia, Economic Cooperation, Economic, Democrat, Republican, APEC, IMF, Amazon.com, Delta Air Lines, PepsiCo, Apple, Boeing, Japan's, Canada's, Australia's, Brunei's, Monetary Fund, . Commerce, Trans, Pacific, Trump, U.S, Thomson Locations: Pacific, San Francisco, Asia, ASIA, U.S, Thailand, China, United States

☆ The top topic on China's Twitter is an old photo of Xi Jinping posing at the Golden Gate Bridge
▼ + stars: | 2023-11-16 | by ( Matthew Loh | Sinéad Baker | ) www.businessinsider.com time to read: +3 min

An old photo of China's Xi Jinping circulated online as he met with Joe Biden in San Francisco. It shows Xi, visibly younger, smiling with the Golden Gate Bridge in the background. AdvertisementAn old photo of Chinese leader Xi Jinping posing at the Golden Gate Bridge is now one of the most talked-about things on China's social media. The faded photo shows Xi, visibly younger, smiling with the Golden Gate Bridge in the background. AdvertisementPointing to a photo in his phone with the Golden Gate Bridge in the background, President Biden asked President Xi, “Do you know this young man?” “Oh yes,” said President Xi, “this was 38 years ago.”🌞 pic.twitter.com/r65Em6Z7oS — Hua Chunying 华春莹 (@SpokespersonCHN) November 16, 2023"Do you know this young man?"

Persons: Xi, Joe Biden, —, Xi Jinping, Hua Chunying, Biden, ”, erving, uring Organizations: Service, Economic Cooperation, Chinese Foreign Ministry Locations: San Francisco, Asia

☆ Video shows the moment Antony Blinken winces after Biden calls China's Xi a dictator, upending months of careful diplomacy
▼ + stars: | 2023-11-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

President Joe Biden and China's Xi Jinping sought to smooth relations at a meeting Wednesday. Yet hours after the carefully choreographed event, Biden described Xi as a "dictator." AdvertisementA video has captured the moment US Secretary of State Antony Blinken winces after President Biden calls Chinese leader Xi Jinping a "dictator". REPORTER: "Would you still refer to President Xi as a dictator?" AdvertisementBlinken appeared to be taken aback, having laid the groundwork for Wednesday's meeting with months of careful diplomacy.

Persons: Joe Biden, China's Xi Jinping, Biden, Xi, Antony Blinken's, —, Antony Blinken winces, Xi Jinping, He's, BIDEN, — Moshe Schwartz, Biden's, Blinken, Marco Carnelos, Mao Ning Organizations: Service, APEC, Chinese Communist Party, Reuters Locations: China, San Francisco, Italian, Taiwan

☆ Indonesia says Exxon Mobil plans to invest up to $15 bln in the country
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Exxon Mobil Corp FollowJAKARTA, Nov 16 (Reuters) - U.S. oil major Exxon Mobil (XOM.N) is planning to invest up to $15 billion in a petrochemical project and carbon capture and storage (CCS) facilities in Indonesia, President Joko Widodo said in a presidential palace statement on Thursday. The planned CCS facilities would be the biggest in Southeast Asia. Earlier this week, Indonesia signed an initial deal with an Exxon unit to explore investment in a petrochemical project in Indonesia to produce polymers. Exxon and Indonesian state energy company Pertamina also agreed to evaluate $2 billion in investments in CCS facilities using two underground basins in the Java Sea. "These large-scale opportunities could substantially boost industrial growth and decarbonisation in Indonesia, as well as the Asia Pacific region," said Carole Gall, president of Exxon Mobil Indonesia.

Persons: Dado Ruvic, Joko Widodo, Darren Woods, Pertamina, Carole Gall, Joe Biden, Fransiska Nangoy, Bernadette Christina, Muralikumar Anantharaman, Tom Hogue Organizations: ExxonMobil, REUTERS, Companies Exxon Mobil Corp, Exxon Mobil, Exxon, Asia, Economic Cooperation, Exxon Mobil Indonesia, CCS, U.S, APEC, Thomson Locations: JAKARTA, Indonesia, Southeast Asia, San Francisco, Asia, Washington

☆ US, Philippines Sign Landmark Nuclear Deal
▼ + stars: | 2023-11-16 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

MANILA (Reuters) - The United States and the Philippines on Friday signed a landmark deal that would allow Washington to export nuclear technology and material to Manila, which is exploring the use of nuclear power to decarbonise and boost energy independence. "Nuclear energy is one area where we can show the Philippines-U.S. alliance and partnership truly works." U.S. Congress approval is needed for the deal, which will allow a peaceful transfer of nuclear material, equipment and information in adherence with non-proliferation requirements. Previous attempts to pursue nuclear energy in the Philippines were halted over safety concerns, but Marcos has discussed the possibility of reviving a mothballed nuclear power plant, built in response to an energy crisis during the rule of the late Philippines strongman and his namesake father. Completed in 1984, the Bataan Nuclear Power Plant was mothballed two years later following the ouster of the older Marcos, the deadly Chernobyl nuclear disaster, and corruption allegations.

Persons: Antony Blinken, Ferdinand Marcos Jr, Marcos, Neil Jerome Morales, Kanupriya Kapoor Organizations: APEC, International Atomic Energy Agency, Bataan Nuclear Locations: MANILA, United States, Philippines, Washington, Manila, San Francisco, U.S, Taiwan

Chinese leader Xi Jinping arrived in San Francisco on Tuesday ahead of a high-stakes meeting with President Biden at the APEC summit. It will be the first time Biden and Xi will speak since the U.S. shot down a suspected Chinese surveillance balloon in February. Photo: David Paul Morris/Bloomberg NewsSAN FRANCISCO—President Biden and Chinese leader Xi Jinping are going into a high-stakes summit Wednesday with a long list of contentious issues between the world’s two leading powers—and narrow room to find compromise. The two countries are close to finalizing agreements to restore communications between their militaries and cooperate in choking off fentanyl trafficking, U.S. officials said. U.S. and Chinese officials also have discussed a potential agreement for China, which has made no major order for Boeing jets since 2017, to resume purchases of the 737 Max.

Persons: Xi Jinping, Biden, Xi, David Paul Morris, President Biden, Max Organizations: APEC, Bloomberg, FRANCISCO, Boeing Locations: San Francisco, U.S, China

☆ South Korea's Yoon to warn APEC about risks from North Korea-Russia ties
▼ + stars: | 2023-11-15 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembly in Seoul, South Korea, 31 October 2023. Washington has said North Korea is supplying military equipment to Russia for use in its war with Ukraine, while Moscow is providing technical support to help North Korea advance its military capabilities. North Korea and Russia have denied any arms deals, though their leaders pledged closer military cooperation at their September summit. In San Francisco, Blinken held talks with his South Korean and Japanese counterparts on Tuesday and vowed a coordinated response to the North Korea-Russia cooperation. South Korea and China are also in talks for a possible meeting between their leaders, Seoul's foreign ministry said.

Persons: Yoon Suk, JEON HEON, Yoon, Antony Blinken, Defense Lloyd Austin, Austin, Washington, Alexander Kozlov, Blinken, Fumio Kishida, Soo, hyang Choi, Ed Davies, Stephen Coates Organizations: South, National Assembly, Rights, APEC, Economic Cooperation, Associated Press, U.S, Defense, China, Economic, Japanese, Stanford University, Thomson Locations: Seoul, South Korea, Rights SEOUL, United States, North Korea, Russia, San Francisco, Gaza, Ukraine, Moscow, Korea, Russian, Pyongyang, China

WOODSIDE, Calif. (AP) — President Joe Biden and Chinese President Xi Jinping greeted each other with a warm handshake Wednesday as they met on the sidelines of the Asia-Pacific Economic Cooperative conference. The two leaders last spoke a year ago, and since then, already fraught ties between the nations have been further strained. Biden and Xi were speaking behind closed doors at the Filoli Historic House and Garden, which features a Georgian revival-style mansion and a formal, English Renaissance-style garden. The pair opened their face-to-face meeting in the San Francisco Bay area with a solid handshake. The two leaders made the comments Wednesday after shaking hands in their first face-to-face meeting in more than a year.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Michael Douglas, Bourn, Roth, David Fincher’s, Douglas, ’ “ I’m, ”, “, haven’t, ” Biden, ” Xi, they’re, Wednesday's, Aamer Madhani Organizations: Pacific Economic Cooperative, APEC, Biden, Trust for Historic, Biden Biden, U.S, Moscone Center, Tibet, CCP, Chinese Communist Party, White, Xi, Associated Press Locations: WOODSIDE, Calif, Asia, East, Europe, Taiwan, China, Francisco, Woodside , California, San Francisco, United States, San Francisco Bay, Hong Kong, “ Tibet, Bali

☆ Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
▼ + stars: | 2023-11-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin speaks during his press conference at the Konstantin Palace on July 29, 2023 in Saint Petersburg, Russia. Russian media have already reveled in pouring cold water on the Asia-Pacific Economic Cooperation (APEC) summit where Xi and Biden are due to meet Wednesday. Russian President Vladimir Putin was not invited due to U.S. sanctions so Deputy Prime Minister Alexei Overchuk is representing Russia at the summit. A range of Russian newspapers including Kommersant, Izvestia, Argumenty i Fakty, Nezavisimaya Gazeta and Komsomolskaya Pravda did not feature any news on the APEC summit or Xi-Biden talks. China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022.

Persons: Vladimir Putin, Konstantin, Xi Jinping, Joe Biden, Xi, Biden, Katherine Tai, Tai, David Paul Morris, Xi's, Alexei Overchuk, Dmitry Peskov, Kamala Harris, Kent Nishimura, Komsomolskaya, Putin, — Xi, Sergei Guneyev, Ian Bremmer, Saul Loeb Organizations: Getty, U.S, Economic Cooperation, Novosti, APEC, U.S . Trade, Russian Federation, San Francisco International Airport, American, Bloomberg, Getty Images Bloomberg, Israel, Kremlin, SAN FRANCISCO, Merchant Exchange Club, Tass, Kommersant, Izvestia, Gazeta, Komsomolskaya Pravda, Sputnik, AFP, West, Analysts, Eurasia Group, China's, Afp Locations: Saint Petersburg, Russia, Russian, San Francisco, China, Beijing, Washington, Moscow, Asia, United States, San Francisco , California, Ukraine, Pacific, U.S, CALIFORNIA, Taiwan, Nusa Dua, Indonesian, Bali

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