16.04 - China and Japan open dialogue again.
- by Anna K.
At the beginning of the trading week Chinese and Japanese officials met to discuss the prospects of further economic collaboration. Russia may soon face another package of sanctions from one more country. Markets are uncertain after American strike on Syria.
Chinese and Japanese officials met for the first time in eight years in order to start new chapter in economic dialogue. The impulse for the dialogue were, of course, American threats on trade war with Asian region although officials are denying the link between Trump’s statements and the meeting.
It is clear that both China and Japan are heavily orienting on American market and American users and that protectionist policies, lead by Donald Trump have quite the potential to harm both countries’ economy. But this was not the only topic on everyone’s mind. Japan asked Chines to establish fair conditions for bot transfer of technologi4es and exchange of intellectual property. Japan also made it clear that steel overproduction by Chinese manufacturers will not stand in the light of collaboration.
China in its turn asked for the help in case American tariffs on steel import come to life. Although tariffs have targeted both countries, it seems that Chinese economy will suffer more from them.
Trump was against Asian trading policies since before he was elected president. He always stated that Japan was damaging American economy and that Chinese economic policies are to be regulated by accepting side.
Officials of Great Britain have announced that the possibility to impose more new trade sanctions on Russia is a possibility. In particular those businessmen who have business on British territory will be main targets for the sanction package.
According to Sunday Times source, that allegedly got the information form Therese May’s administration the sanctions are being “though through” at the moment. Oleg Deripaska and Viktor Vekselberg are said to be the main goals for he sanctions. Although these two have already suffered from the sanctions imposed on Russian from the USA after the chemical attack on Syrian cities.
Theresa May has for now confirmed to the source that certain action will probably take place after careful consideration. Since January 2018 British officials have gained access to the information concerning internationally gained capital and real estate of the foreign businessmen. If the information or the answers to certain questions will be unsatisfactory to the British officials, they have the full right to arrest said assets.
Russian economy is already suffering from imposed sanctions. Ruble costs 62.28425 rubles per dollar for the first time in almost 3 years.
Legal actions and criminal charges of a broader specter expect those who is going to leak Apple information to the press or directly into the internet. This memo is considered to be one of the harshest in the recent Apple history and the move itself is really aggressive although it is aimed to protect the information about Apple activity.
Memo stated that one of the biggest technologies supplier in the world has caught 29 workers who, allegedly, were leaking information about the new production or other activities of the company to the internet. Allegedly 12 of the leakers were arrested by the police already and may “face extreme difficulty finding employment elsewhere”. The memo also specified several occasions when the info was leaked talking about leaked details on software for iPhoneX and Apple Watch.
Usually information that prematurely reaches potential customers influences future sales as well as sales for current models of the phone and laptops. The main benefiters of leaked information are of course, the rival companies who can start preparing counter production with almost similar features as an answer to Apple and not even give the company a chance to boost sales with new model.
As the memo put it “We want the chance to tell our customers why the product is great, and not have that done poorly by someone else.”.
Memo itself was leaked to the internet by anonymous employee.
Stocks around the world are showing mixed performance after American strike on Assad’s positions in Syria. Europe and Asia are struggling to go higher with Asia having more success in the field. Oil dropped significantly after hitting highs last week.
Stoxx Europe 600 fell by less than 0.06 percent.
MSCI All-Country World went lower by 0.1 percent.
S&P 500 futures went up by 0.4 percent – best performance in 4 weeks.
MSCI Asia Pacific lost 0.2 percent.
Dollar added 0.1 percent against the basket of six major currencies.
Euro lost 0.05 percent - $1.233.
Pound was steady. Although adding less than 0.05 percent brought it to the strongest point in almost 10 weeks - $1.4245.
Yen added 0.1 percent – 107.23 yen per dollar.
Gold went down by 0.3 percent - $1.342.69 per ounce.
WTI lost as much as 1.2 percent - $66.56 per barrel.