Skip to main content

Trade War - SERIES 67 {14 articles}

US-China trade war is starting to hurt our clients, top banking CEO says


A top banking CEO from Europe warned that his clients are starting to feel the impact from global trade tariffs. ✔ Last week, the U.S. and China slapped tariffs on $16 billion worth of goods on each other ✔ The departure date has been scheduled for March 29 next year meaning that negotiators have about six months to conclude negotiations on aspects such as the movement of people and goods across the border between Northern Ireland and the Republic of Ireland

Taiwan's LCD makers upbeat on second half as prices recover


Innolux and AUO ready to shift production in response to trade war ✔ The shortage of components prompted many clients to order more panels than they needed to ensure smooth shipments amid the peak season ✔ If the U.S. initiates retaliatory tariffs on Chinese [TV] exports, the companies will eventually transfer the rising costs to consumers and sequentially hurt the market demand

G20 trade falls for first time since 2016 as tensions hit confidence


Trade across the world’s biggest economies fell in the second quarter of the year, ending a growth spurt that has been running since mid-2016, according to official figures. ✔ Growing protectionism is taking a toll on global demand ✔ The eurozone remains one of the regions most vulnerable to trade wars, she said ✔ It could be that in part reflects the wearing off of European Central Bank stimulus efforts which had pushed up eurozone growth

US challenges Russia tariff retaliation


It is the latest objection from the US to the global retaliation against its metals tariffs, which it announced in March. ✔ The US started to collect a 25% border tax on foreign steel and a 10% border tax on foreign aluminium in March, with some exceptions ✔ Even within the US, however, politicians and other experts argue that tariffs on metals from close allies, such as Canada, bear little relation to national security

Vietnam to let traders use yuan along China border


Central bank appears to be striving to reduce risks from dollar transactions ✔ Vietnamese exporters to China are losing competitiveness because of the dong's strength relative to the yuan, said Nguyen Tri Hieu, a Vietnamese economist ✔ The central bank's move comes about a week after Tran Quoc Vuong -- a permanent member of the Communist Party of Vietnam Central Committee's Secretariat and a potential candidate for party chief -- visited Beijing and met with Chinese President Xi Jinping on Aug. 20

Turkish Lira Weakens as Central Bank Fails to Assuage Investors


Turkey’s central bank took steps to undo some of the emergency support it provided to its banks, reviving investor concerns over the nation’s financial stability as the lira continued its slide against the dollar. ✔ In early afternoon European trading, $1 bought 6.45 lira ✔ Turkey’s central bank had pledged to provide banks with all the liquidity they needed earlier this month, after the lira had tumbled to its lowest reading ever against the dollar, said it had reintroduced a ceiling on such borrowing, in effect limiting banks access to short-term funding ✔ In recent weeks, the Trump administration has piled sanctions and new tariffs on the country, raising fear of a full-blown trade war

Global stocks steady as US markets appear to lose momentum


LONDON (AP) — Global stock markets traded in fairly narrow ranges Wednesday amid signs that Wall Street is taking a breather ahead of a long holiday weekend. KEEPING ✔ LONDON (AP) Global stock markets traded in fairly narrow ranges Wednesday amid signs that Wall Street is taking a breather ahead of a long holiday weekend ✔ Hong Kong's Hang Seng added 0.2 percent to 28,416.44 and Seoul's Kospi advanced 0.3 percent to 2,309.03

Boom! US economy logs best performance in nearly 4 years


Businesses spent more on software than previously estimated in the second quarter and the nation also imported less petroleum. ✔ GDP revised to 4.2% in second quarter    36 Mins Ago | 01:44 U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years, as businesses boosted spending on software and imports declined ✔ That was a moderation from the first quarter's brisk 3.9 percent pace

U.S. second-quarter GDP growth raised to 4.2 percent; consumer...


U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration's goal of 3 percent annual growth. ✔ U.S. stock index futures were largely flat while prices of longer-dated U.S. Treasuries were slightly higher ✔ INCOME GROWTH SLOWS An alternative measure of economic growth, gross domestic income (GDI), increased at a rate of 1.8 percent in the second quarter, slowing from the first quarter’s brisk 3.9 percent pace ✔ Our Standards:The Thomson Reuters Trust Principles

Lawmakers Push to Sanction Chinese Officials Over Xinjiang Camps


Members of Congress are pressuring the Trump administration to confront Beijing over the mass roundup of Muslims in internment camps, urging travel and financial sanctions be clamped on senior Chinese officials involved in the detentions. ✔ A high-tech surveillance network enables police to track and collect evidence on people seen as potentially threatening ✔ In April, a Uighur man was mistakenly deported from Germany to China due to what officials called an administrative error, according to German media reports

World 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. ✔ CHINA TARIFF DEADLINE LOOMS, EM PRESSURE REMAINS On another front of the global trade conflicts, a deadline for public comment on Trump’s increased tariffs on $200 billion of Chinese goods was less than a week away on Sept ✔ Our Standards:The Thomson Reuters Trust Principles

Global unease, from commerce to currencies, rattles raw materials


Are the worst fears now priced in? ✔ Gold has developed a strange habit of sliding in sync with the Chinese yuan ✔ Farmers hope to sell more in Europe, where soyameal for animal feed is in high demand because of the high cost of wheat ✔ As Mr Seifried quips from the cornfields of Nebraska, predicting the future is a son of a bitch

Europe needs a clean break from America on security


It might at first look like a full-scale rebellion in Europe. ✔ (CNN)It might at first look like a full-scale rebellion in Europe ✔ It's unlikely that the Europeans are going to give up on NATO completely until they have something else in place, says Smith ✔ A new order can only come to life with substantively new ideas

Chinese plow into Thai property as opportunities dry up at home


Buyers from China have poured in $10bn since 2015 as boom shows no sign of abating ✔ He only takes a day off each week and has not had a vacation for six months ✔ But Wei is not an executive of a Fortune 500 company nor is he a founder of a highflying startup ✔ Thailand's postcard-like scenery is a big draw for Chinese homebuyers as they believe real estate prices will grow in line with the country's flourishing tourism, Yan said

>>> Open This Series
Labels:

Comments

Post a Comment

Popular posts from this blog

Disasters - SERIES 315 {23 articles}

Magnitude 6.5 earthquake recorded east of New Caledonia: USGS 10/16/2018, 1:04:02 AM An earthquake with a preliminary magnitude of 6.5 was recorded east of New Caled... ✔ The epicenter of the quake was 190 km (120 miles) east of Tadine in the Loyalty Islands at a depth of 33 km (20 miles), the USGS said ✔ There was no immediate threat of a tsunami, according to the Pacific Tsunami Warning Center in Hawaii ✔ Our Standards:The Thomson Reuters Trust Principles Information in English about earthquake in Hokkaido 10/16/2018, 3:16:12 AM Information in English about the earthquake in Hokkaido(Update Oct. 16)Local governments Life of people from landslide-hit area at temporary settlement 10/16/2018, 1:34:50 AM A landslide that caused the formation of a barrier lake near a section of the Jinsha River, struck Bolo township on Oct 11, with several bridges, fields and villages affected. ✔ People from landslide-hit area herd the cattle at a temporary settlement in Bolo township of...
Post a Comment
Read more

Disasters - SERIES 104 {16 articles}

Philippines earthquake: Davao City ROCKED by massive 6.1 magnitude earthquake 9/8/2018, 9:44:37 AM A MASSIVE 6.1 magnitude earthquake has struck the southern Philippines the US Geological Survey (USGS) said. ✔ The quake hit the east coast of the island of Mindanao at 8.16am BST (3.15pm local time) ✔ A 6.1 magnitude earthquake struck the Philippines (Image: USGS) The whole Philippines sit along the Ring of Fire, a 25,000-mile wide ring of 452 volcanoes ✔ Since scientists started recording the tectonic activity of the planet, they noticed that 90 percent of the world’s earthquakes occur along this Ring Japan toll rises to 35 after powerful quake 9/8/2018, 11:12:21 AM The death toll from a powerful quake that triggered landslides in northern Japan rose to 35 today, as tens of thousands of rescue workers raked through the mud for survivors. ✔ 'Thanks to hard work to boost power supply throughout the night, the number of households without power has declined to 20,000,...
Post a Comment
Read more

War Countries - SERIES 172 {10 articles}

Opinion | Putin’s war is transforming Ukraine 9/24/2018, 12:00:57 AM Russia’s interference in a once-friendly country has made it an enemy. ✔ Some want to go further: Foolishly, the regional legislature in Lviv last week declared it wanted to ban all Russian books and music, a measure that no one in this profoundly bilingual country will be able to enforce ✔ Petro Poroshenko: My goal is to defeat corruption in Ukraine ‘Look in the mirror’ - US sends BLISTERING message to Iran after DEADLY terrorist attack 9/24/2018, 1:35:50 AM TENSIONS between the US and Iran threatened to hit fever pitch on Monday as a US envoy urged the Iranian leader to “look in the mirror” for the cause of Saturday’s terrorist attack in the Middle Eastern country. ✔ Mr Rouhani alleged a Gulf state had supported the financial weaponry and political needs of the perpetrators ✔ The UK is desperately trying to find innovative ways to circumvent the sanctions, which restrict nations from trading with Iran - ...
Post a Comment
Read more

Trade War - SERIES 296 {16 articles}

U.S. pork exports to China 'not viable' due to trade war:... 10/26/2018, 3:27:26 PM The U.S. pork trade to China is "not viable" after Beijing imposed tar... ✔ Smithfield products are seen at a supermarket in Shanghai, China July 26, 2017 ✔ Certainly in the short term here as this trade war has heated up, it’s made the trade with China very difficult - to even stopping at various points - because the tariff that’s been imposed makes it not viable to do that, Sullivan told Reuters in an interview on Friday ✔ Smithfield Foods, a division of China’s WH Group (0288.HK), is the world’s biggest pork producer ✔ Our Standards:The Thomson Reuters Trust Principles Third-quarter GDP shows economy moderating to 3.5% growth 10/26/2018, 12:53:37 PM Strong consumer spending in the third quarter offset drags to economy from the U.S.-China trade war ✔ The two quarters marked the strongest consecutive quarters of growth since 2014 ✔ This year's third-quarter figure was ...
Post a Comment
Read more

Disasters - SERIES 279 {15 articles}

Tsunami survivors fear the future... and the dark 10/10/2018, 12:24:51 AM Survivors share the fears they live with in the wake of the earthquake and tsunami in Indonesia. ✔ More than 2,000 have been confirmed dead since the 7.5 magnitude earthquake struck on 28 September, but the national disaster agency says up to 5,000 more people may still be missing ✔ Video by Sofia Bettiza, Nick Beake, Ade Mardiyati and Gemma Laister 10 Oct 2018 Hurricane Michael strengthens as Florida prepares for 'monstrous' hit 10/10/2018, 12:20:18 AM Hurricane Michael intensified Tuesday as it barreled toward the Florida coast, becoming a category 3 major storm as the governor of the southern US state warned residents to prepare immediately for a "monstrous" hit. ✔ The heavy rains could cause flash floods, the NHC said, and spawn tornados in northwestern Florida ✔ It is expected to weaken as it moves up into the southeastern United States ✔ At their most fearsome, these low-pr...
Post a Comment
Read more