Stocks tread water ahead of signing of initial U.S.-China trade deal By Reuters

© Reuters. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo By Tomo Uetake TOKYO (Reuters) – Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary’s that tariffs would remain in place for now. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.13%, Japan’s benchmark and South Korea’s Kospi shed 0.29% and 0.48%, respectively, while Australian stocks added 0.33%. Treasury Secretary…

China Trade Deal Details Protections for American Firms

WASHINGTON — The trade deal that President Trump will sign on Wednesday includes commitments by China to curtail practices that American firms complain put them at a disadvantage and force them to hand over valuable intellectual property to Chinese firms, according to several people with knowledge of the deal. Those concessions, along with China’s agreement to buy $200 billion worth of American goods and to allow greater access to its markets, are expected to be announced at a White House ceremony for the signing of the long-awaited trade deal. As…

‘Canada should be worried’: Canadian exporters may become collateral damage of U.S-China trade deal

The signing of a “Phase One” U.S.-China trade deal this week is expected to create a brief respite from uncertainty for the global economy — but that’s unlikely to last as long as President Donald Trump is in the White House, analysts say. What’s more, Canadian exporters could become collateral damage of a deal that will see China commit to purchasing vast amounts of U.S. agricultural products and other goods. Top officials are slated to sign the pact in Washington on Wednesday following two years of trade strife in which…

New Zealand Building Permits Sink 8.5% In November

The total number of building permits issued in New Zealand tumbled a seasonally adjusted 8.5 percent on month in November, Statistics New Zealand said on Tuesday – standing at 3,204. That followed the downwardly revised 1.3 percent decline in October (originally -1.1 percent). Individually, permits were issued for 1,980 stand-alone houses, 722 townhouses, 291 apartments and 211 retirement village units. In the year ended November 2019, the actual number of new dwellings consented was 37,010, up 13 percent from the November 2018 year. The annual value of non-residential building work…