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Trade War - SERIES 66 {14 articles}

Is the U.S. in a new Cold War with China? How much worse could things get?


As the U.S.-China trade war worsens, some warn of a dangerous new "cold war" that could last for decades and shape the next century. ✔ The age of great power competition is back, a titanic battle that could be long, dangerous and unpredictable ✔ But from China’s perspective, it’s all about U.S. efforts to block China from its gaining rightful place as a global power ✔ With the great chaos that Trump has created, all I can see at the moment is lots and lots of uncertainty

Japan downgrades view on exports for first time in three years


Japan downgraded its assessment of exports for the first time in three years amid growing concern that a trade war between the United States and China will disrupt global supply chains and export demand. ✔ Demand for new cars in the United States has weakened, which is behind the recent slowdown in Japan’s auto exports, said Norio Miyagawa, senior economist at Mizuho Securities ✔ However, Japan’s auto exports could take a serious hit in the future if tariffs rise ✔ Our Standards:The Thomson Reuters Trust Principles

Record-setting US stocks ignore yield curve’s red flag


undefined ✔ More broadly the becalmed 10-year yield helps bolster the valuation argument for equities, but particularly so for growth stocks ✔ The technology sector has regained momentum this month after stalling in late July ✔ Still, it is worth recalling that the S&P 500 peaked in October 2007, long after the bond market raised its red flag

Breakingviews - China’s bankers have one too many balls in the air


(Reuters Breakingviews) - Chinese loan officers are finding themselves torn between conflicting policy goals. Beijing wants the country’s commercial banks to help fund infrastructure spending to support cooling growth, but isn’t relaxing a campaign to cut a $290 billion pile of bad debt. They also need to somehow remain profitable. First-half earnings show the pressure is pushing them headlong into consumer lending. ✔ A rumbling trade war with the United States has further complicated the outlook ✔ Unfortunately there’s a shortage of viable projects: China has been on a road-and-subway building binge since 2008 ✔ Still, lending to real people should help growth more than bridges to nowhere

Malaysia shares retreat fro three-month high, Singapore slips


Caution over trade jitters returns as investors focus on local earnings for cues ✔ CIMB Group Holdings, Malaysia's second-largest bank by assets, said net profit surged nearly 80% in the second quarter and the company could end the year with another record profit ✔ Inari Amertron, which services the semiconductor industry, fell 3% after posting a 13% dip in fourth-quarter net profit

Asian stocks little changed amid earnings, caution over global trade


Bank of East Asia, ABC gain after earnings, while CCB, BOC slide ✔ Agricultural Bank of China rose 1.3% in Hong Kong after reporting a 6.6% increase in its first-half net profit and a 10.7% advance in net interest income for the period ✔ The company on Wednesday said it won 41 blocks in an auction held under the nation's first licensing round for small discovered fields

Hong Kong shares rise as US-Mexico trade deal lends support


Chinese lenders mixed after earnings while China Southern slides ✔ There is no significant de-escalation in the U.S.-China trade war so far ✔ State media reported that the company has returned to normal production, months after U.S. authorities had banned American companies from doing business with the Chinese telecommunications equipment maker

IPO market highlights depth of US-China economic ties


Despite tensions, investors and entrepreneurs keep doing business together ✔ After graduating from a U.S. university, Huang joined Google ahead of its IPO ✔ He is on the hunt for promising funds in China with which to do business ✔ For all the repercussions of the political struggle between Washington and Beijing, so far, there are few signs that their financial and economic ties are unraveling

U.S.-China trade tensions to shackle copper prices


Copper prices have recovered from a recent rout, but the possibility of the trade dispute between the Washington and Beijing escalating and its potential to crimp demand in China, the world's top consumer, is expected to cap gains. ✔ GRAPHIC: Chile copper output - reut.rs/2N4ztCs Chinese demand is the key risk ✔ The first wave of U.S. tariffs on $34 billion worth of goods will have limited impact on Chinese copper consumption as the goods on the list are not very copper intensive, said Eleni Joannides, a senior research manager at Wood Mackenzie ✔ Our Standards:The Thomson Reuters Trust Principles

Stocks aim for 4th straight daily gain; S&P, Nasdaq again poised for records


U.S. stock-index futures were slightly higher on Wednesday, suggesting that equities could push even deeper into record territory as major indexes aim for their fourth straight advance. ✔ Recently, existing-home sales fell to a 2-1/2-year low ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ Ryan Vlastelica Ryan Vlastelica is a markets reporter for MarketWatch and is based in New York ✔ We Want to Hear from You Join the conversation Comment

Global stocks slip as uncertainty over NAFTA nags


Global stocks eased on Wednesday on uncertainty over Canada’s position in NAFTA, and with investors also nervous ahead of a deadline for the next round of China-U.S. tariffs next week. ✔ FILE PHOTO: Men walk past an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016 ✔ [O/R] For Reuters Live Markets blog on European and UK stock markets: [LIVE/] Our Standards:The Thomson Reuters Trust Principles

Global stocks hover as investors still on tenterhooks over trade deal


Global stocks faltered on Wednesday as optimism over a U.S.-Mexico trade deal faded with investors anxious about Canada’s acquiescence and eyeing a deadline for the next round of China-U.S. tariffs next week. ✔ End-of-month flows could start to take hold into the end of the week, and combined with light news flow and the risk of impending trade war escalation could result in conviction remaining light, they cautioned ✔ Our Standards:The Thomson Reuters Trust Principles

Barnes & Noble, Canada Talks, Aston Martin IPO: CEO Daily for August 29, 2018


Must-read business news, delivered every morning. ✔ Parneros claims he lost his job because a deal to sell Barnes & Noble fell through, and founder Leonard Riggio then cooked up reasons to get rid of him ✔ The luxury car firm is working on a variety of projects these days, from a personal submarine to an electric flying car ✔ Find previous editions here, and sign up for other Fortune newsletters here

South African farmers play chicken with Trump tariffs


Herman Pretorius is just the kind of white South African farmer U.S. President Donald Trump expressed concern for when he barged into the country's delicate land reform debate by ordering an investigation into the "large-scale killing of farmers". ✔ REUTERS/Siphiwe Sibeko The damage got to a point where I wanted to expand my business .. ✔ The duty is currently fixed at 9.40 rand ($0.64) per kg ✔ The anti-dumping duties imposed on U.S. poultry were based on a flawed legal theory .. ✔ ($1 = 14.6363 rand) Our Standards:The Thomson Reuters Trust Principles

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