Huge Asian Trade Pact Signed in Coup for China

Huge Asian Trade Pact Signed in Coup for China

Fifteen Asian and Pacific countries Sunday signed the Regional Comprehensive Economic Partnership agreement on the sidelines of the annual Association of Southeast Asian Nations summit.

The agreement, signed virtually, creates the largest trading bloc in the world and includes about a third of global economic activity.

Vietnamese Prime Minister Nguyen Xuan Phuc chaired the summit.

“And I am delighted to say that after eight years of hard work, as of today, we have officially brought RCEP negotiation to a conclusion for signing,” he said.

Phuc added that the agreement will help global and The stage is set for big gains under a Biden presidency, and these are the stocks you’re going to want to own. Eight months after COVID- 19 hit Hawaii and shut down many businesses, the Hawaii Farm Bureau brought back its popular farmers market at Kapiolani Community College on Saturday. /PRNewswire/ — With advancements in technology, the demand or connected cars is rising. As a result, the global automotive software market revenue is… The U.K.’s chief Brexit negotiator said Sunday before renewed talks that a trade deal with the European Union may not succeed, but he was still hopeful of a resolution.

Fifteen Asian and Pacific countries Sunday signed the Regional Comprehensive Economic Partnership agreement on the sidelines of the annual Association of Southeast Asian Nations summit.

The agreement, signed virtually, creates the largest trading bloc in the world and includes about a third of global economic activity.

Vietnamese Prime Minister Nguyen Xuan Phuc chaired the summit.

“And I am delighted to say that after eight years of hard work, as of today, we have officially brought RCEP negotiation to a conclusion for signing,” he said.

Phuc added that the agreement will help global and regional economies cope with the obstacles and challenges arising from COVID-19 and the resulting decrease in global trade.

“The conclusion of RCEP negotiation, the largest free trade agreement in the world, will send a strong message that affirms ASEAN’s leading role in supporting the multilateral trading system, creating a new trading structure in the region, enabling sustainable trade facilitation, revitalizing the supply chains disrupted by COVID-19 and assisting the post pandemic recovery,” he said.

The deal, which was first proposed in 2012, will lower tariffs on trade among the signatories and opens services trade.

RCEP includes the 10 ASEAN countries plus China, Japan, South Korea, Australia and New Zealand, but not the United States.

Analysts see the accord as offering huge advantage for China in extending its influence.

Source: www.voanews.com

Author: By Ralph Jennings

Fri, 11/13/2020 – 02:35 PM


5 Must-Own Stocks for a Biden Bull Market

5 Must-Own Stocks for a Biden Bull Market

This has been a big month for Wall Street. Last week, Pfizer and BioNTech released the results of the phase 3 study for their coronavirus disease 2019 (COVID-19) vaccine BNT162b2, which showed an efficacy rate of over 90%. That blew vaccine effectiveness expectations out of the water and gave real hope that there may be light at the end of the tunnel.

After multiple days of ballot counting, Democratic Party challenger Joe Biden was elected as the 46th President of the United States. Even if Congress remains split, with Democrats controlling the House and the Senate led by Republicans, we’re bound to see at least some policy shifts moving forward.

But the big takeaway from Biden’s election is the likelihood of an extended bull market under his presidency. Interest rates should remain exceptionally low for years to come, and the peak corporate tax rate is unlikely to rise with a split Congress. It also doesn’t hurt that Democratic presidents have overseen an average annual stock market gain of 10.6% since 1945.

Though nothing is guaranteed in the stock market, there’s a good chance we could see the broader market indexes hit new highs under a Biden presidency. In my view, that makes the following five stocks must-owns with Biden in the White House.

A shadowy silver bull standing tall against a black background.

Image source: Getty Images.

Healthcare innovation is going to take center stage in the years to come, which makes surgical system developer Intuitive Surgical (NASDAQ:ISRG) a company you’ll want to own.

As of the end of September, Intuitive Surgical had installed 5,865 of its da Vinci surgical systems around the world, with most located in the United States. This might not sound like a lot of installed systems over 20 years, but it dwarfs the competition on a combined basis. The company has become the clear go-to for surgical systems, and has developed priceless rapport with hospitals and surgical centers around the country. 

Of course, the best aspect of Intuitive Surgical is its razor-and-blades business model. In its early years, the company generated most of its revenue from selling its da Vinci systems. These systems brought in plenty of revenue, but only mediocre margins. But instruments and accessories sold with each soft tissue procedure, as well as the servicing of its systems, have gradually grown into a larger percentage of total sales. Since these are considerably higher-margin segments, Intuitive Surgical’s operating margins should rise as the company’s installed base of systems grows.

An electrical tower next to three wind turbines at sunrise.

Image source: Getty Images.

One of the clearest shifts between a Biden and Donald Trump presidency is going to be the renewed focus on renewable energy sources. Thankfully, electric utility stock NextEra Energy (NYSE:NEE) is ahead of the curve.

Though the utility industry is generally slow-growing and often boring, NextEra is different. For more than a decade, NextEra’s compound annual growth rate has been in the high single digits, with the company’s big-time investments in green energy projects driving this growth. No utility is generating more capacity from solar and wind energy than NextEra. This means it’s front-running any potential clean-energy mandates from Capitol Hill and producing some of the lowest-cost electricity in the country.

Additionally, don’t overlook how impactful the Federal Reserve’s dovish monetary policy can be for the company. NextEra often finances its green energy projects with debt. Considering the Fed’s efforts to keep lending rates near historic lows, NextEra is incentivized to aggressively tackle new clean energy projects and to consider converting fossil-fuel-powered plants to cleaner energy sources.

A smiling young person holding a credit card up in their hand while standing in front of a clothing rack.

Image source: Getty Images.

A bull market almost always means a steady uptick in consumption, and that should be very good news for payment processing giant Visa (NYSE:V).

Buying into a stock like Visa is akin to placing a bet where the numbers are heavily in your favor. Visa is a cyclical company, which means that it does well when the U.S. and global economy are expanding. Although recessions are inevitable, they’re often measured in months, whereas economic expansions last many years. It’s a numbers game, and the “buy Visa” bet has historically been a winner.

Visa also happens to be the kingpin payment facilitator in the United States. In 2018, it controlled over 53% of credit card-based network purchase volume. That’s a more than 9-percentage-point improvement from the depths of the Great Recession.

As one final note, investors should know that Visa isn’t a lender. By focusing solely on processing cashless transactions, Visa avoids the direct pain felt during recessions and economic contractions when loan delinquencies rise. That’s a big reason why Visa’s profit margin is often 50% or higher.

A gloved hacker typing on a keyboard in a dark room.

Image source: Getty Images.

Even with an effective COVID-19 vaccine, traditional office environments or consumer buying habits won’t return to their pre-pandemic state. The business and retail world have had a taste of online and cloud-focused convenience, and it’s here to stay. That’s what makes a cybersecurity stock like Palo Alto Networks (NYSE:PANW) a must-own in a Biden bull market.

Cloud protection has become a basic-need service in recent years, which means subscription-based providers (i.e., Palo Alto) can expect consistent, transparent revenue. The subscription model within the cybersecurity space also reduces client churn.

More specific to Palo Alto Networks, it’s been executing a business transformation that’s de-emphasizing physical firewall products in favor of subscription protection services. As you can imagine, this is expected to lead to more consistent revenue recognition and considerably better margins over the long run.

Palo Alto has also not been shy about making bolt-on acquisitions to broaden its product portfolio and appeal to more small and medium-sized businesses. Sacrificing very near-term margins to gobble up a larger share of the cloud-protection market should be a smart decision.

An Amazon fulfillment employee preparing products for shipment.

Image source: Amazon.

Have I mentioned how important consumption is to the U.S. economy? With Biden likely to oversee an economic rebound from the coronavirus-induced recession, e-commerce juggernaut Amazon (NASDAQ:AMZN) becomes an absolute must-own stock.

Keeping with the recurring theme on this list of market share dominance, Amazon controls an estimated 38.7% of online sales in the U.S., according to eMarketer. Next year, this will expand to nearly 40%. For some context, Amazon’s share of U.S. e-commerce is about 33 percentage points higher than its next-closest competitor. Even with retail margins not being much to write home about, the company’s marketplace keeps consumers loyal to the Amazon brand. It’s also signed up over 150 million people worldwide to a Prime membership. 

As I’ve previously discussed, Amazon should see continued rapid growth of its cloud-infrastructure segment, Amazon Web Services (AWS). AWS has logged back-to-back quarters of 29% year-on-year sales growth, and has an annual run-rate of over $46 billion in sales. AWS has substantially higher margins than the retail- and ad-based revenue Amazon brings in. Like Intuitive Surgical, Amazon should see its operating cash flow propel higher as cloud infrastructure grows into a greater percentage of total sales.

Source: www.fool.com

Author: Sean Williams


Kapiolani Community College Farmers’ Market returns after 8 months

Kapiolani Community College Farmers’ Market returns after 8 months

Eight months after COVID- 19 hit Hawaii and shut down many businesses, the Hawaii Farm Bureau brought back its popular farmers market at Kapiolani Community College on Saturday.

“It’s good to come back and sell,” said Thoune Hongphao, owner of Thoune Farm, as a handful of customers looked over the okra, bananas, eggplants and other produce laid out on tables under his tent. “This is our first day back.”

Hongphao had abstained from participating in other farmers markets after the KCC event closed temporarily in March, but with the return of the KCC market, he said he and his family will start selling at other locations as well.

About 60 vendors set up booths and hundreds of customers filtered in and out throughout the morning. The scene was similar but different from past KCC Farmers’ Markets: Social distancing and required face masks were in evidence and there were far fewer tourists than before, as Hawaii’s visitor industry struggles to recover.

To discourage crowding, eating on the premises — one of the chief attractions — is prohibited. Many customers bought produce and prepared food and ate on the grass nearby.

Brian Miyamoto, executive director of the Hawaii Farm Bureau, said that KCC and the University of Hawaii had been cautious about reopening the Diamond Head campus’ parking lot to host the event.

>> PHOTOS: KCC Farmers’ Market returns

“We are grateful to the Kapiolani Community College and the University of Hawaii school system for allowing us to resume this important essential service,” Miyamoto said in a statement. “This commitment of both partners to provide residents and visitors access to freshly harvested, locally grown food is extremely crucial to the health and nutrition of our community, as well as the health of our economy.”

Farmers markets were deemed essential businesses in Hawaii since the beginning of the pandemic, and many have remained open or reopened after temporarily closing.

Brandon Villanueva, owner of Ono Kettle Pop, sells his kettle corn at six markets every week. The work keeps him busy, he said, and it was obvious Saturday as he was constantly bagging the salty-sweet treat for customers waiting in a line that never seemed to shorten.

He enjoys the markets and said the KCC Farmers’ Market stands out because it is normally a hotspot for tourists from nearby Waikiki and elsewhere.

“A lot of diversity, a lot of tourists, a lot of people from all parts — it definitely brings a lot of fresh faces,” he said.

But tourists were notably absent Saturday as travel restrictions have put a damper on many vacation plans. Although domestic visitors to the state have been able to bypass the state’s 14-day travel quarantine since Oct. 15 under a pre-arrival testing program, and visitors from Japan were cleared to do the same effective Nov. 6, so far they have mostly been trickling in.

Miyamoto reported around 500 people an hour after the KCC market opened Saturday morning.

“I was expecting more than this,” Hongphao said, adding that customers would normally “bump into each other” while walking around.

Most of Hawaii’s businesses have struggled since the onset of COVID-19. The state was among the nation’s leaders in permanent business closures from March to early July, according to a Yelp analysis.

Miyamoto said that farms, especially medium-sized and large ones, have been hurt because they supply produce to hotels and restaurants, many of which shut down or slowed operations during the pandemic.

Some farms have lost 50% to 60% of their business since March, and a number of federally funded programs in the state have sought to buoy them.

Prior to COVID-19, Phongphila Farm sold its produce to wholesalers, but owner Lane Phongphila said that in April his family started appearing at farmers markets. His family has been growing and selling farm goods since the 1980s, he said, but Saturday was their first day at the KCC market.

Loren Shoop, founder of Ulu Mana, said he began selling value-added products such as locally sourced ahi jerky and venison sticks and ulu chips about a decade ago at farmers markets. When COVID-19 hit, he pivoted to online sales to deliver to customers directly.

Shoop was at the market Saturday and prominently displayed a sign to advertise the Hawaiian Farmers Market website where his products are sold.

Kim Falinski, owner of Nalo Meli Honey, also turned to online sales, advertising on social media. She started delivery, primarily to residents, and has been busy as a bee, selling about 600 pounds of honey per month — about double her normal rate, she said.

“Every night, when I would finish my day job, I would go and deliver quarts of honey all over the island,” Falinski said.

KCC Farmers’ Market

>> When: 7:30 to 11 a.m. Saturdays

>> Where: 4303 Diamond Head Road in the upper campus parking lot off Makapuu Avenue (Parking Lot B).

>> On the net: For information on Hawaii Farm Bureau-­sponsored farmers markets, visit hfbf.org/farmers-markets/.

Source: www.staradvertiser.com

Author: By Mark Ladao mladao@staradvertiser.com


Automotive Software Market Revenue Worth $78,894.2 Mn by 2030: P&S Intelligence

Automotive Software Market Revenue Worth $78,894.2 Mn by 2030: P&S Intelligence

NEW YORK, Nov. 16, 2020 /PRNewswire/ — With advancements in technology, the demand or connected cars is rising. As a result, the global automotive software market revenue is projected to grow from $28,214.6 million in 2019 to $78,894.2 million by 2030, at a 12.4% CAGR between 2020 and 2030.  This is because connected cars are equally dependent on software as on the mechanical components. In essence, it is the increasing number of fatal accidents which is leading to the rising demand for connected cars, according to the market research study published by P&S Intelligence.

The major functionalities in such vehicles, such as automatic braking, advanced driver-assistance systems (ADAS), and lane assist, prevent the violation of traffic rules, which makes the roads safer for pedestrians and the vehicle for the driver and passengers. Similarly, the automotive software market is also being benefitted by the adoption of internet of things (IoT) features, such as connectivity solutions and infotainment solutions.

Get the sample copy of this report at @ https://www.psmarketresearch.com/market-analysis/automotive-software-market/report-sample

The automotive software market is being negatively impacted by the corona virus pandemic, which has put a serious dent in the production and sale of automobiles. Due to the implementation of lockdown measures in China, India, the U.S., and other major automobile-producing countries, automakers have had to shut down their operations. However, the interest in ADAS features and electric vehicles is still high, which is why this industry is not expected to witness as sharp a decline as the broader automotive industry.

During 2014–2019, the development category, under segmentation by function, dominated the automotive software market, due to the rapid development of all-inclusive software, to offer advanced functionalities in automobiles. Software manages numerous systems in a vehicle, such as high-tech drive trains and infotainment systems.

Browse detailed report on Automotive Software Market Research Report: By Software (ADAS and Autonomous Driving , Infotainment, Connectivity, Security, and Connected Services, Powertrain and Chassis, Body and Energy, Operating System and Middleware), Function (Development, Validation and Verification, Integration), Vehicle Type (Passenger Car, Commercial Vehicle) – Global Industry Analysis and Growth Forecast to 2030: https://www.psmarketresearch.com/market-analysis/automotive-software-market

The commercial vehicle bifurcation, on the basis of vehicle type, is predicted to witness faster growth in the automotive software market in the near future, at a CAGR of 13.9%. This would be because of the rising demand for advanced software in commercial vehicles, as they are being swiftly integrated with IoT and telematics solutions.

Historically, Asia-Pacific (APAC) has been the largest automotive software market, and the situation is projected to be unchanged in the future. This is because APAC is the largest automotive producer and buyer, which automatically leads to the highest worldwide demand for automotive software here. Additionally, owing to environmental concerns, the sale of electric vehicles is rising fast here, and as software is a vital component of these automobiles, the integration rate of automotive software will remain the highest in this region.

Make enquiry about this report at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=automotive-software-market

The major companies in the global automotive software market are Robert Bosch GmbH, NXP Semiconductors N.V., Renesas Electronics Corp., Airbiquity Inc., Microsoft Corp., BlackBerry Ltd., Continental AG, NVIDIA Corp., Alphabet Inc., and Green Hills Software LLC.

Browse More Reports:

Automotive Telematics Market

In 2019, North America and Europe held the cumulative share of over 65%, in terms of value, in the automotive telematics market. Globally, North America generated the highest revenue in the market in 2019. This is majorly due to the high adoption of in-vehicle connected technology in the region.

https://www.psmarketresearch.com/market-analysis/global-telematics-market

Automotive Cybersecurity Market

In the automotive cybersecurity market, the Asia-Pacific region is expected to progress at the fastest pace during the forecast period, as the region is home to largest market for automobiles.

https://www.psmarketresearch.com/market-analysis/automotive-cybersecurity-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact: 
Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com

SOURCE P&S Intelligence

Source: www.prnewswire.com

Author: P&S Intelligence


Brexit: Trade deal ‘may not succeed’ before year end

Brexit: Trade deal ‘may not succeed’ before year end

LONDON (AP) – The U.K.’s chief Brexit negotiator said Sunday before renewed talks that a trade deal with the European Union may not succeed, but he was still hopeful of a resolution.

Arriving in Brussels, David Frost tweeted that “there has been some progress in a positive direction in recent days.”

“We also now largely have common draft treaty texts, though significant elements are of course not yet agreed,” he said. “We will work to build on these and get an overall agreement if we can. But we may not succeed.”

Britain left the EU on Jan. 31, but continues to follow the bloc’s economic rules until a transition period ends on Dec. 31. The two sides are trying to strike a new trade deal before then, but key sticking points such as fishing rights and competition rules haven’t been resolved.

The two sides say any post-Brexit deal must be agreed upon by mid-November in time for it to be ratified by year-end.

Environment Secretary George Eustice said the coming week is “a week when things need to move” for the U.K. and the EU to come to an agreement.

“Both sides recognize that time is very, very short,” he said. “There does come a point frankly where businesses need to know what they are preparing for.”

Ireland’s foreign minister warned Sunday that there will be no trade deal if Britain continues to push ahead with legislation that breaks a legally binding Brexit treaty with the EU.

Prime Minister Boris Johnson’s government has acknowledged that the Internal Market Bill breaches international law. But officials insist the bill is needed as an insurance policy, or “legal safety net,” to ensure smooth trade among all parts of the U.K. – especially Northern Ireland, which shares a border with the EU – no matter what happens to U.K.-EU trade after Brexit.

Irish Foreign Minister Simon Coveney told Sky News that “there is no way the EU will agree to ratify a new agreement if the British government is breaking the existing agreement that is not even 12 months old, and breaking international law by doing that.”

Britain’s House of Lords voted by large margins Monday to reject the bill, which has also drawn condemnation by U.S. President-elect Joe Biden, among others.

A failure to strike a deal will hurt both sides, with businesses facing tariffs and other barriers to trade starting on Jan. 1.

___

Follow all developments on the Brexit trade negotiations at https://apnews.com/Brexit

Copyright © 2020 The Washington Times, LLC.

Source: www.washingtontimes.com

Author: The Washington Times http://www.washingtontimes.com


Huge Asian Trade Pact Signed in Coup for China


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