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Qualcomm to meet China regulators in push to clear $44 billion NXP deal: sources

“Qualcomm is likely to meet Chinese regulators before U.S. Commerce Secretary Wilbur Ross arrives in China on Saturday, the sources briefed on Qualcomm’s discussions said” writes Midwest Communications Inc for 95kqds.com. “The degree to which the two sides are moving to resolve trade tensions clearly has an impact,” one source said.The company in April was forced to refile its China anti-trust application to clear the NXP deal, after talks reached a dead end.The deal has got a nod from eight of the nine required global regulators, with Chinese clearance the…

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Bahrain sees ‘no glimmer of hope’ for ending Qatar crisis soon

“Bahrain sees no resolution in sight to a diplomatic row between Qatar and its neighbors, which cut diplomatic and trade ties with the tiny Gulf Arab state nearly a year ago” writes Photo Mark Runnacles for cnbc.com. Bahrain’s foreign minister said Qatar was prolonging the crisis by taking its case to Western allies, instead of dealing with it inside the Gulf Arab bloc.Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt severed travel and trade ties with Qatar last June, alleging it was backing Iran and supporting terrorism. Source: cnbc.com…

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The stock market is poised for its best May in 9 years—but the coming week is crucial

“The chart below shows the relative year-to-date performance of the Russell (purple) and DJT (green) against those for the S&P 500 (gray) and the Dow (blue)” writes Mark Decambre for marketwatch.com. So far, the month of May is turning out to be a solid, if not turbulent, period for stock-market investors, but there’s plenty of cause for caution.Indeed, the S&P 500 index SPX, -0.24% is staged for the best May performance in nine years, boasting a month-to-date return of 2.8% thus far, while the Dow Jones Industrial DJIA, -0.24%  …

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With trade confusion this week, Wall Street learns once again Trump tends to ‘speak harshly but carry a small stick’

“On the “trade war rhetoric [the] bark is louder than the bite,” Eric Ollom, head of emerging markets corporate debt strategy at Citi Research, said in a note to clients entitled “Trade War or Trade Bore?” on Apr. 5″ writes unknown author for cnbc.com. “We find the latest salvoes in US-China trade … latest twist in a now familiar pattern of the Trump Administration regarding trade: speak harshly but carry a small stick.”. One Wall Street analyst believes Trump’s move is just a ploy to get attention off the sputtering…

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Trump singles out Obama, Schumer in ripping Democrats’ opposition to ZTE deal

“They made only bad deals (Iran) and their so-called Trade Deals are the laughing stock of the world!”” reports washingtonexaminer.com. “Senator Schumer and Obama Administration let phone company ZTE flourish with no security checks.Responding to the New York Times’ initial report about Trump’s ZTE deal, Schumer complained that not enough was being done to stop abuses that have become an economic and national security threat to America.Lost almost $800 Billion/year under ‘O,’” he said in one tweet, referring to the trade deficit under his predecessor, Barack Obama. Source: washingtonexaminer.com Share This:

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Trump could take a harder line on trade with China now that Korea summit is off

“Yet since he took office, Trump has developed what he calls a friendship with Chinese President Xi Jinping, even as their nations remain trade adversaries” writes Mike Calia for cnbc.com. The cancellation of a summit between the United States and North Korea casts doubt on prospects for trade negotiations between the U.S. and China – and could result in the Trump administration taking a harder line on China, a White House official told CNBC. The official said President Donald Trump was holding off on his natural instincts when it came…

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Samsonite slides for a 2nd day after a short-seller attack, but some analysts are unfazed

“Prior to the Blue Orca report, the average recommendation from 14 analysts on the shares was a “buy,” Thomson Reuters data showed” writes Adam Jeffery for cnbc.com. Blue Orca was launched this month by Soren Aandahl, a Texas-based short-seller who previously co-founded Glaucus Research, which has attacked several firms in the Asia-Pacific region.Some analysts also say that while the report could hurt its share price for some time, Blue Orca was underestimating positive earnings upside for the company. Source: cnbc.com Share This:

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Trump can take some lessons from the failed summit: Former US ambassador

“The planned summit between leaders of the U.S. and North Korea may be off for now, but the Trump administration could still walk away with lessons about “diplomatic craft trade,” said a former American diplomat” writes Yen Nee Lee for cnbc.com. “So, I think this was kind of a first major issue for the Trump administration and I hope they can take some lessons from it,” he added. Source: cnbc.com Share This:

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