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☆ Austin says it’s ‘unfortunate’ that Chinese defense chief declined meeting
▼ + stars: | 2024-11-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

WASHINGTON — China’s defense minister declined a meeting with Defense Secretary Lloyd Austin during a meeting of defense leaders in Laos, a move the Pentagon chief said Wednesday was unfortunate. Multilateral gatherings of national security officials in Asia have been used in the past for meetings between U.S. and Chinese defense leaders, but China declined a meeting request by Austin during this week’s Southeast Asian Nations-Plus defense ministers meeting. It affects the region because the region really wants to see us, you know, two significant players in the region, two significant powers, talk to each other,” Austin told reporters. “I don’t think that it has any sort of implications for the future. Chinese President Xi Jinping vowed on Saturday to work with the incoming U.S. administration of Donald Trump as he held his final talks with departing President Joe Biden on conflicts from cybercrime to trade, Taiwan, the South China Sea and Russia.

Persons: WASHINGTON, Lloyd Austin, Wednesday, “, ” Austin, ” Austin added.Austin, Dong Jun, Xi Jinping, Donald Trump, Joe Biden Organizations: Pentagon, Austin, Nations Locations: Laos, Asia, China, Singapore, Taiwan, cybercrime, South, Sea, Russia

☆ Asia markets mostly poised to fall as investors assess Nvidia results, Adani charges
▼ + stars: | 2024-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are mostly set to fall on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results. Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago. All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group was indicted with others in New York federal court on charges related to a massive bribery and fraud scheme.

Persons: Gautam Adani, India's Organizations: Nvidia Locations: Asia, Pacific, New York

☆ Goldman Sachs: staggered tariffs on China expected
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs: staggered tariffs on China likely, but don’t discount broader levy expansion on AsiaGoldman Sachs' Andrew Tilton talks about the 4.5% growth projection for China in 2025 and discusses the implication of tariffs on the country and the broader Asia economy.

Persons: Goldman Sachs, Asia Goldman Sachs, Andrew Tilton Locations: China, Asia

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

☆ Asian chip stocks slump as Nvidia's slowing revenue growth worries investors
▼ + stars: | 2024-11-21 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Justin Sullivan | Getty ImagesAsian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. The sentiment has spilled over to Asia, with stocks tied to Nvidia suppliers as well as other chip companies mostly falling. Selloff in AsiaSemiconductor testing equipment supplier Advantest , which counts Nvidia among its clients, dropped as much as 5.6% on Thursday, the largest chip loser on Japan's benchmark Nikkei 225. Taiwan Semiconductor Manufacturing Corp , which manufacturers Nvidia's high-performance graphics processing units, slipped as much as 1.5%. The company has been a key supplier to Nvidia and is building the world's largest manufacturing facility in Mexico for assembling Nvidia's GB200 superchips, a key component of its next-generation Blackwell family computing platform.

Persons: Justin Sullivan, Daniel Newman, CNBC's Organizations: Getty, Nvidia, Futurum, Asia Semiconductor, Nikkei, Advantest Corp, Softbank Group, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, Blackwell, SK Hynix, Samsung Electronics Locations: Santa Clara , California, Asia, Selloff, Mexico, South Korea

☆ Kashmir: This disputed region of India has bread that rival France’s
▼ + stars: | 2024-11-20 | by ( Smitha Menon | ) edition.cnn.com time to read: +10 min

While rice is the staple that’s cooked in households across Kashmir, bread is what drives the local community and economy. With so much traditional knowledge guarded and passed down through generations, Kashmir’s bread culture could qualify for a UNESCO intangible heritage listing and possibly rival France’s boulangerie tradition. Her father hailed from Kashmir so for her, summertime equals Kashmir, and Kashmir equals a warm, pillowy girda. When she returned years later, to learn more about Kashmir’s bread culture from her neighborhood baker, she was promptly told off. “Bread is really sacred in Kashmir and that relationship that a family has with their local kandurwan is really special.

Persons: Emperor Jehangir, Faisal Khan, Mukhtar Khan, France’s, Altaf, “, Mehvish, ”, AP Dal, Muzamil, Marryam, Reshii, roth, it’s, that’s, rogan josh, Roth, Jasleen Marwah, girda, I’d, Marwah, Tauseef Mustafa, Varun Totlani, tzir, Hussain Shahzad, morel, Vanika Chaudhury, Vanika, scoffed, Douglas McMaster, Chaudhury Organizations: India CNN, Silk, Anadolu Agency, Getty, UNESCO, CNN, AP, Folk, Silo Locations: Srinagar, India, Kashmir, Srinagar’s, Pakistan, kandarwans, Europe, East, Asia, Central Asia, pillowy, New Delhi, Goa, Portuguese, chai, “, Indian, Mumbai, AFP, India’s Himachal Pradesh, Masque, Mumbai’s, Lower Parel, London

☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ Why the West's vital undersea cables are so vulnerable to attack
▼ + stars: | 2024-11-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The vast networks of data cables that crisscross our world's oceans are crucial for almost every aspect of modern life. Related Video Ukraine's sea drones vs. Russia's Black Sea FleetDespite their importance, events this week have highlighted just how vulnerable the West's internet subsea cables are to attacks from hostile powers. Unlike Russia, whose internet cables mostly run overland, the cables Western countries rely on are deep under the sea — and it's an asymmetrical vulnerability Russia is signaling it could exploit. AdvertisementIn response to the threat, Western countries are trying to better protect existing cable networks or route data through satellites if they are disrupted. In the CSIS report in August, Murphy and other analysts called for the US to strengthen international coordination and enhance resources to protect existing undersea cable networks.

Persons: Boris Pistorius, Gregory Falco, KIRILL KUDRYAVTSEV, Falco, Erin Murphy, Sidharth, Murphy, Sybille Reuter, Henri Kronlund Organizations: German, Financial Times, Sibley School of Mechanical, Aerospace Engineering, Cornell University, Getty, AIS, Emerging, CSIS, General Staff, Directorate, Cinia, West Locations: Baltic, Russia, China, Germany, Finland, Sweden, Lithuania, Ukraine, Russian, Vladivostok, Western Europe, India, Emerging Asia, Washington ,, London, Iceland

☆ Asia-Pacific markets are set to open mostly lower; Japan trade data and China lending rate in focus
▼ + stars: | 2024-11-20 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The People's Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Asia-Pacific markets were set to open mostly lower Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Japan's Nikkei 225 futures pointed to a mixed open for the market, with the futures contract in Chicago at 38,300 and its counterpart in Osaka at 38,420 compared to the previous close of 38,414.43. According to a Reuters poll, China is expected to leave its benchmark lending rates unchanged on Wednesday after they were cut in October. Hong Kong Hang Seng index futures were at 19,619, slightly lower than the HSI's last close of 19,663.67.

Persons: Australia's Organizations: People's Bank of China, Investors, Reuters, Nikkei Locations: Beijing, China, Asia, Pacific, Ukraine, Russia, Japan, Chicago, Osaka, Hong Kong

☆ Billionaire Gautam Adani indicted in New York on bribery charges
▼ + stars: | 2024-11-20 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday. Authorities said Adani and seven other senior business executives, including his nephew Sagar Adani, promised more than $250 million in bribes to Indian government officials to secure solar energy contracts. Worth more than $85 billion, Adani is Asia’s second-richest person behind countryman Mukesh Ambani, according to Bloomberg’s Billionaires Index. The solar energy supply contracts were projected to raise more than $2 billion in profits after tax over an approximately 20-year period. The defendants frequently met and discussed the bribery scheme, including evidence on several phones.

Persons: Gautam Adani, Adani, Sagar Adani, ”, Lisa Miller, Worth, Mukesh Ambani, Cyril Cabanes, Adani Green, Jeff Bezos –, Hindenburg, Narendra Modi, CNN’s Diksha Madhok Organizations: New, New York CNN, US Department of Justice, Authorities, Adani Group, Indian, DOJ, Securities and Exchange Commission, Adani Green Energy Ltd, Power, SEC, Hindenburg, Bloomberg, Adani Enterprises, CNN Locations: New York

☆ Mary Jane Veloso: Indonesia agrees to send Filipino death-row drug convict back to the Philippines
▼ + stars: | 2024-11-20 | by ( Story The Associated Press | ) edition.cnn.com time to read: +4 min

“Mary Jane Veloso is coming home,” Marcos said in a statement. Philippine Foreign Undersecretary Eduardo de Vega said at a news conference in Manila that Filipino authorities would discuss the legal terms of Veloso’s transfer with their Indonesian counterparts. The Indonesian government has asked the Department of Justice in Manila to formally request Veloso’s transfer back to the Philippines, Justice Department spokesperson Mico Clavano said. Veloso traveled to Indonesia in 2010 where her godsister reportedly told her a job as a domestic worker awaited her. That Philippine case helped convince Indonesian authorities to delay Veloso’s execution and eventually consider her transfer back to her country, Clavano said.

Persons: Ferdinand Marcos Jr, Marcos, Prabowo Subianto, Mary Jane Veloso, “ Mary Jane Veloso, ” Marcos, “, Mary Jane’s, Veloso, Yusril Ihza Mahendra, Subianto, Eduardo de Vega, Mico Clavano, ”, godsister, Josefiel Rivera, Clavano Organizations: Philippines AP, Philippine, Indonesia’s, Law, Human Rights, Indonesian, Department of Justice, Justice, Indonesia —, Roman Catholic, Department of Foreign Affairs, AP Philippine Locations: Manila, Philippines, Indonesia, Philippine, Australia, Brazil, France, Ghana, Nigeria, Pasay

☆ I'm the CEO of an American-made electronics manufacturer. Here's how I'm preparing for new tariffs.
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Karla Trotman, President and CEO of Electro Soft Inc., a US specialty electronics manufacturer in Pennsylvania. My dad and I worked together, and in 2020, I bought them out, so now I'm the owner, president, and CEO. We're still feeling the reverberation from the last round of tariffs, so they never really went away in our industry. Tariff proponents seem to think that enforcing them will cause stateside manufacturing to somehow jump up and be prosperous, but it doesn't really work that way. We really need to understand where our partners are headed so we can flex to meet whatever demand is going to come down the pike.

Persons: Donald Trump's, Karla Trotman, We're, Trump, I'm, we're Organizations: Electro Soft Inc, Ikea, Southeastern Pennsylvania Manufacturing Alliance Locations: Pennsylvania, Asia, Taiwan, China

☆ U.S. and Asia are 'our top focus' in global equities: Strategist
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. and Asia are 'our top focus' in global equities: StrategistAnthony Raza of UOB Asset Management explains why his group is positive on U.S. and Asian equities, despite challenges from incoming president Donald Trump's potential policies.

Persons: Anthony Raza, Donald Trump's Organizations: U.S, UOB, Management Locations: Asia

Limited benefits Insider’s Take The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. Bank of America Travel Rewards Card ReviewCapital One VentureOne Credit Card Pros and ConsAdvantages of the Capital One VentureOne Credit CardThe VentureOne Rewards Card comes with several significant advantages, making it an attractive choice for those seeking a straightforward rewards program. Capital One VentureOne Card Frequently Asked QuestionsWhat makes Capital One VentureOne Credit Card stand out? No, unlike the Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card, the Capital One VentureOne Rewards Credit Card is not metal. Why You Should Trust Us: How We Reviewed the Capital One VentureOne Credit CardOur credit cards team reviewed the VentureOne Rewards Card in comparison to similar no-annual-fee travel credit cards.

Persons: Miles, LifeMiles, Smiles, Red, Wyndham, Chase, rideshares, cardholders, you've, haven't, It's, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read, Angela Fung, Read Organizations: Business, Capital, PayPal, Capital One Entertainment, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Star Alliance, U.S, Chase, Unlimited, Card, Bank of America, The Bank of America, Social, Forbes, CNN, University of California, Banking, Education, The University of California, Finance Locations: Cathay Pacific Asia, Singapore, Europe, Asia, Riverside

☆ I went to law school in Mexico and an Ivy League in the US. It was cheaper and easier to make friends in Mexico.
▼ + stars: | 2024-11-20 | by ( Santiago Barraza Lopez | ) www.businessinsider.com time to read: +6 min

AdvertisementI first went to law school in Mexico, where people were more open to friendships. However, the top three global financial hubs (New York, London, and Singapore) belong to common law countries. The US has a common law system, meaning that laws come from uncodified case law resulting from court decisions. Law schools in Mexico take a more theoretical approach, while law schools in the US focus on the practical side. In my case, both law schools made sure we acknowledged this in order to understand how useful we can be.

Persons: — Organizations: Columbia, Universidad Iberoamericana, Columbia University, US, Law Locations: Mexico, Europe, Asia, South America, Africa, New York, London, Singapore

☆ Can the sporty be Godly? Why the Vatican is in the race to become a global sporting presence
▼ + stars: | 2024-11-20 | by ( George Ramsay | Christopher Lamb | ) edition.cnn.com time to read: +6 min

CNN —Rien Schuurhuis never expected to win this year’s cycling world championships, nor come close to claiming the race’s distinctive rainbow jersey. For the sole representative of the Vatican City in the 200-strong field, simply being at the race in Switzerland was enough. “There was one hill in the (2022) world championships and everyone was yelling: ‘The Pope’s cyclist! At every race, Schuurhuis’ ultimate aim has been to get people talking about the team and what it represents. Pope Francis, the first Latin American pontiff, is a soccer fan who played as a goalkeeper and supported San Lorenzo while growing up in Argentina.

Persons: Rien Schuurhuis, Schuurhuis, they’re, –, ”, Pope Francis, Valerio Agnoli, “, Chiara Porro, Herself, Porro, ” Schuurhuis, Pope John Paul II, Castel Gandolfo, San, Diego Maradona –, Pope Francis ’, ” Giampaolo Mattei, … Organizations: CNN, Vatican City, CNN Sport, International Cycling Union, UCI, ”, League, Australia’s Embassy, Vaticana, Swiss Guards, England, Culture, Athletica, “, Brisbane Games Locations: Vatican, Switzerland, Belgium, Vaticana, India, Australia, Asia, Rome, St, Peter's, Athletica Vaticana, San Lorenzo, Argentina, Canberra

☆ Burberry shares are down 40%. One hedge fund manager says the stock offers 'good value' right now
▼ + stars: | 2024-11-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Luxury retailer Burberry 's shares present an attractive investment opportunity after the company revealed a new turnaround strategy, according to hedge fund manager David Neuhauser. The stock, which is also traded in the U.S. and Germany, remains down around 40% year-to-date, however. UBS said Burberry was the only luxury retailer not to report "weak organic sales growth" in the latest quarter. "I think Burberry has a good turnaround in place with a new CEO," Neuhauser added, while cautioning that the recovery might take longer than expected. "I think over some time, a good turnaround by Burberry, with strong leadership, could really see the stock price increase.

Persons: David Neuhauser, Neuhauser, CNBC's, Livermore, they're, Zuzanna Pusz, Burberry, –, Joshua Schulman, Rogerio Fujimori, Adam Cochrane, FactSet, — CNBC's Karen Gilchrist Organizations: Burberry, Livermore Partners, UBS, Deutsche Bank, Stifel Locations: London, U.S, Germany, Asia, Swiss

☆ UBS Global Wealth Management: still positive on markets, valuation 'cheap' in Asia
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS Global Wealth Management: still positive on markets, valuation 'cheap' in AsiaAdrian Zuercher of UBS Global Wealth Management remains positive on markets, noting that upcoming Fed cuts will be good for bonds and equities. He believes that China has the tools and willpower to introduce more policies to shore up consumer confidence especially if Trump tariffs materialize, and combat structural issues.

Persons: Asia Adrian Zuercher Organizations: UBS Global Wealth Management, Trump Locations: Asia, China

☆ Welcome to the shopping mall for the TikTok era
▼ + stars: | 2024-11-20 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +6 min

A new brick-and-mortar store from the e-commerce startup Outlandish is bringing to life the world of TikTok Shop. In addition to TikTok Shop, Outlandish has experience working with brands to help them sell on Douyin and other social apps. Other TikTok Shop sellers have experimented with adding livestreaming spaces to their storefronts, such as the New York-based pre-owned luxury store What Goes Around Comes Around. Outlandish, which began in 2018 as a social shopping agency in China, is an official TikTok Shop partner. If that does happen, August said Outlandish's Santa Monica sellers could pivot to livestreaming on other platforms.

Persons: Anker, TikTok, Allison Wise, Amanda Perelli, William August, ByteDance, it'll, Outlandish's, Outlandish's Santa Monica Organizations: Goli, QVC, TikTok, US, Congress Locations: Los Angeles, China, Santa Monica's, influencers, Santa Monica, Asia, Los Angeles and New York, Mexico, Spain, America, New York, Santa, Outlandish's Santa, livestreams

☆ Japan exports rise more than expected in October, rebounding from 43-month low
▼ + stars: | 2024-11-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's exports posted a 3.1% rise in October compared to a year ago, rebounding from a fall in September that marked a 43-month low. The climb beat expectations of a 2.2% rise from economists polled by Reuters, and is a reversal from the 1.7% fall in September. Government data showed that Japanese exports increased the most to the Middle East region, recording a 35.4% rise, compared to the same period a year ago. He added: "Any escalation of tensions between the U.S. and China on tariffs and trade is likely to weigh upon global trade and global growth. Japan, as an open and cyclical economy, will be impacted by any deterioration in global trade and the global economy."

Persons: September's, Daniel Hurley, Rowe Price, Donald Trump's Organizations: Reuters, U.S, Trump Locations: Yokohama, Japan, East, China

☆ European markets head for higher open as traders assess simmering geopolitical tensions
▼ + stars: | 2024-11-20 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to open higher Wednesday as markets keep an eye on a spike in tensions in the Ukraine-Russia war. The U.K.'s FTSE 100 index is expected to open 4 points higher at 8,106, Germany's DAX up 46 points at 19,108, France's CAC up 23 points at 7,252 and Italy's FTSE MIB up 118 points at 33,567, according to data from IG. Asia-Pacific markets were mostly lower overnight after a mixed day on Wall Street amid the mounting geopolitical tensions. U.S. stock futures ticked higher on Tuesday evening, as investors looked toward a key earnings report from tech giant Nvidia . Traders are looking for more details on demand for Nvidia's Blackwell AI chips, which CEO Jensen Huang last month characterized as "insane."

Persons: Germany's DAX, Nvidia's, Jensen Huang Organizations: France's CAC, IG, Global, West ., Nvidia, Traders, Nvidia's Blackwell, Nasdaq Locations: Ukraine, Russia, U.S, West, West . Asia, Pacific, Severn Trent, British

☆ Trump tariffs to push down U.S. growth 'a great deal' going into 2026, Morgan Stanley warns
▼ + stars: | 2024-11-20 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Donald Trump's proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley's chief global economist Seth Carpenter. In the event that they are enacted all at once, they could result in a "big negative shock" to the economy, Carpenter told CNBC's Sri Jegarajah on the sidelines of Morgan Stanley's annual Asia Pacific Summit in Singapore. Carpenter, who maintained Morgan Stanley's base case of these tariffs being spread over 2025, said they would lead to higher inflation. "Then into 2026, we think growth starts to come down a great deal in the U.S. because of those tariffs and some of the other policies," he cautioned. Very clear, tariffs are a drag on growth for the U.S., not just for the countries that the tariffs are put on," Carpenter added.

Persons: Donald Trump's, Morgan Stanley's, Seth Carpenter, Trump, Carpenter, CNBC's Sri, Morgan, Mark Malek, Siebert, Joe Biden, Trump's, Malek, Ben Emons Organizations: Asia Pacific Summit, Microsoft, Apple, U.S . Federal Reserve, FedWatch Advisors Locations: China, CNBC's Sri Jegarajah, Morgan Stanley's, Singapore, U.S

☆ Pictet Chief Asia Strategist: Chinese companies are 'much better prepared' for Trump 2.0 tariffs
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPictet Chief Asia Strategist: Chinese companies are 'much better prepared' for Trump 2.0 tariffsDong Chen of Pictet argues that Chinese companies are better prepared to circumvent potential Trump 2.0 tariffs. Trump's win also strengthens the USD, resulting in postponed rate cuts by southeast Asian central banks.

Persons: Dong Chen, Pictet Organizations: Pictet, Trump Locations: Asia

☆ 45 Hong Kong pro-democracy activists are sentenced to jail in city’s biggest national security trial
▼ + stars: | 2024-11-19 | by ( Jennifer Jett | Jennifer Jett Is The Asia Digital Editor For Nbc News | Based In Hong Kong. | ) www.nbcnews.com time to read: +7 min

HONG KONG — A Hong Kong court sentenced dozens of leading pro-democracy figures to up to 10 years prison Tuesday in the single largest trial under a national security law that critics say has been used to all but eliminate political dissent in the Chinese territory. Lawyers for the defendants have argued that such action was within the bounds of Hong Kong law. In March, Hong Kong’s opposition-free legislature also enacted local national security legislation. Among the 47 are “second-tier pan-democrats” who were previously active members of the Hong Kong legislature, Burns said. Hong Kong officials said last month that there was no time limit for prosecuting the cases, noting that it takes time to gather evidence.

Persons: Benny Tai, Tai, Carrie Lam, Hong Kong’s, Hong, Maya Wang, ”, Tai —, John Burns, Burns, Jimmy Lai, “, Jonathan Sumption, ” Sumption, Kong’s, of Organizations: University of Hong Kong, Hong, Authorities, Human Rights, University of Hong, Apple Daily, Pew Research Center, Financial Locations: HONG KONG, Hong Kong, Beijing, British, U.S, China, University of Hong Kong, Hong Kong’s

☆ Marriott CEO Anthony Capuano: Modest-income households want to travel, but they want value too
▼ + stars: | 2024-11-19 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott CEO Anthony Capuano: Modest-income households want to travel, but they want value tooModest-income households have a strong appetite for travel and "a real desire to find a value alternative," said Marriott CEO Anthony Capuano, while in Japan following the debut opening of the company's midscale brand, Four Points Flex by Sheraton, in Asia-Pacific (excluding China).

Persons: Anthony Capuano Organizations: Marriott, Sheraton Locations: Japan, Asia, China

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