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Tag: Taiwan

Asian Shares Track Wall Street Losses Ahead of U.S. Inflation Data
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Asian Shares Track Wall Street Losses Ahead of U.S. Inflation Data

(Reuters) - Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve's plans for future monetary tightening.The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in July despite last week's unexpectedly strong U.S. jobs numbers.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.51%, while Japan's Nikkei extended losses from the previous day and was down 0.65%.South Korea's KOSPI lost 0.64%, Australia's AXJO dropped 0.12%, and Taiwan's TAIEX fell 0.70%."I don’t think that we are through the bear market woods yet – recession risks loom and I don’t think the Fed is done with its aggressive belt tightening," said David...
China’s show of force and fury military drills continue in anger over Pelosi Taiwan visit
Politics

China’s show of force and fury military drills continue in anger over Pelosi Taiwan visit

China's show of force and fury military drills continue in anger over Pelosi Taiwan visit - CBS News Watch CBS News China has conducted missile strikes in waters off Taiwan's coasts, as part of military exercises that have raised tensions in the region to their highest level in decades following an inflammatory visit by House Speaker Nancy Pelosi. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Former diplomat, defense official Eric Edelman on battlefield lessons for Ukraine, Taiwan — “Intelligence Matters”
Politics

Former diplomat, defense official Eric Edelman on battlefield lessons for Ukraine, Taiwan — “Intelligence Matters”

In this episode of "Intelligence Matters," host Michael Morell speaks with Eric Edelman, former U.S. Ambassador to Turkey and Finland and Under Secretary of Defense for Policy, about the ongoing conflict in Ukraine and likely lessons being drawn about the West's response and the nature of the battle by the People's Republic of China. Edelman and Morell discuss a range of possible future scenarios for the war in Ukraine, exploring its military, economic and diplomatic dimensions for both Kyiv and Moscow. Edelman also offers insights into how the conflict may inform China's approach to coercive or forceful reunification with Taiwan. HIGHLIGHTS: Avoiding escalation with Russia: "I think that the administration has been a little too concerned about the risk of escalation. And the ri...
Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan
Business

Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan

Stocks declined Tuesday after House Speaker Nancy Pelosi landed in Taiwan's capital of Taipei amid a high-pressure standoff with China. She and other members of Congress were greeted by a contingent of Taiwanese officials on the tarmac.  In a statement shortly after the plane landed, Pelosi said her visit was meant to honor "America's unwavering commitment to supporting Taiwan's vibrant Democracy."The S&P 500 fell 27 points, or 0.7%, to close at 4,091. The Dow Jones industrials declined 1.2% and the Nasdaq lost 0.2%.  "Speaker Pelosi's visit to Taiwan opens a dangerous period for U.S.-China-Taiwan tensions that will add to and elevate market risk as events unfold," Raymond James Equity Research analysts and Alex Anderson said in a report. ...
Yen Recovery Continues on Lower U.S. Yields; Markets on Edge Over Pelosi
News

Yen Recovery Continues on Lower U.S. Yields; Markets on Edge Over Pelosi

HONG KONG (Reuters) - The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes.Jitters about the impact of an impending visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi were also driving some safe-haven flows to the yen, while weighing on other Asian currencies.The greenback fell as low as 130.595 yen in early trading, its lowest since June 6, and was last down 0.55%, leaving it down 4% in the past four sessions."Its the same old story with the yen being very sensitive to the gap between U.S. and Japanese government bond yields. Of course Japanese ones aren't moving because ...
Pelosi confirms trip to Asia, but makes no mention of Taiwan
Politics

Pelosi confirms trip to Asia, but makes no mention of Taiwan

House Speaker Nancy Pelosi confirmed Sunday she will visit four Asian countries this week but made no mention of a possible stop in Taiwan that has fueled tension with Beijing, which claims the island democracy as its own territory.Pelosi said in a statement she is leading a congressional delegation to Singapore, Malaysia, South Korea and Japan to discuss trade, the COVID-19 pandemic, climate change, security and "democratic governance."Pelosi has yet to confirm news reports that she might visit Taiwan. Chinese President Xi Jinping warned against meddling in Beijing's dealings with the island in a phone call Thursday with President Biden. Beijing sees official American contact with Taiwan as encouragement to make its decades-old de facto indep...
No Evidence of Looming Chinese Military Action Against Taiwan, U.S. Official Says
News

No Evidence of Looming Chinese Military Action Against Taiwan, U.S. Official Says

WASHINGTON (Reuters) - White House national security spokesperson John Kirby said on Friday the U.S. has seen no evidence of looming Chinese military activity against Taiwan, when asked about a possible visit to the island by U.S. House Speaker Nancy Pelosi."(We've) seen no physical, tangible indications of anything untoward with respect to Taiwan," Kirby told reporters. Pelosi has not confirmed a potential trip to Taiwan.(Reporting by Steve Holland and Rami Ayyub)Copyright 2022 Thomson Reuters.Political Cartoons on World Leaders Source link
Chinese President Xi Jinping and Joe Biden exchange warnings over Taiwan
Politics

Chinese President Xi Jinping and Joe Biden exchange warnings over Taiwan

Chinese President Xi Jinping and Joe Biden exchange warnings over Taiwan - CBS News Watch CBS News President Joe Biden and Chinese President Xi Jinping held a two-hour meeting on Thursday where they covered a variety of topics including mounting tensions over Taiwan. CBS News correspondent Adam Yamaguchi is in Taiwan with local reaction to the ongoing calls. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Biden holds high-stakes call with Chinese president
Politics

Biden holds high-stakes call with Chinese president

Biden holds high-stakes call with Chinese president - CBS News Watch CBS News President Biden held a high-stakes call with Chinese President Xi Jinping amid growing friction over Taiwan, which China claims as its own. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link