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Trade War - SERIES 74 {15 articles}

Asian stocks bruised by Trump's trade war threats

8/31/2018, 1:17:54 AM
Asian shares came under renewed pressure on Friday after reports U.S. President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports. ✔ REUTERS/Yuya Shino/File Photo Many emerging market currencies were also frail after Argentina’s peso sank on Thursday despite the central bank’s interest rate hike ✔ The cautious mood helped lift the yen, which rose 0.6 percent on Thursday, its biggest daily rise in about six weeks ✔ In early Friday trade, it changed hands at 111.04 per dollar JPY= ✔ Our Standards:The Thomson Reuters Trust Principles


Asia-Pacific stocks dip after threat of trade war escalation

8/31/2018, 3:18:24 AM
undefined ✔ Friday 03.15BST What you need to know Tencent slides on video game limits Turkish lira dips further Oil prices hold steady Leading quote The stronger US dollar is the biggest near term challenge for Asian markets, said Kerry Craig, global market strategist for JPMorgan Asset Management ✔ In Asia on Friday, Hong Kong’s Hang Seng fell 1.3 per cent as index heavyweight Tencent tumbled more than 5 per cent after China announced plans to limit online game releases


China may soon regret slapping tariffs on US soybeans

8/31/2018, 2:48:41 AM
One of China's major moves in the trade war with the United States is in danger of backfiring on its own farmers. ✔ Will Trump's aid package be enough for soybean farmers ✔ That has nudged up the prices of Brazilian soybeans in recent months, while prices for US exports have fallen because of the threat of losing Chinese business, according to data provider AgriCensus


Oil prices dip on concerns Sino-US trade conflict could escalate

8/31/2018, 1:51:50 AM
Oil prices fell amid concerns the trade war between the U.S. and China could intensify, although looming U.S. sanctions against Iran's oil exports prevented markets from falling further. ✔ Oil prices fell on Friday amid concerns the trade war between the United States and China could intensify, although looming U.S. sanctions against Iran's oil exports prevented markets from falling further ✔ Assuming the trade war is about to escalate again, the questions traders will be wondering about is global growth (and) demand for crude, McKenna said


Oil dips on Sino-U.S. trade conflict, but looming Iran sanctions...

8/31/2018, 2:54:16 AM
Oil prices dipped on Friday amid concerns the trade war between the United States and China could intensify, although looming U.S. sanctions against Iran's oil exports prevented markets from falling further. ✔ U.S. President Donald Trump is reportedly planning to ramp up trade conflict with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, several media reported on Thursday


European shares to end 2018 short of January highs: Reuters poll

8/31/2018, 12:27:58 AM
European shares will stage a recovery in what remains of 2018 but fail to push past their January highs, ending the year with a meager gain and with too little momentum to achieve a better performance in 2019, a Reuters poll showed. ✔ We see the volatile, lowish-return, equity market conditions of the year so far as being a good guide to what lies ahead, said Paul O’Connor, head of the multi-asset allocation team at Janus Henderson Investors ✔ Our Standards:The Thomson Reuters Trust Principles


China manufacturing growth edges up but export orders drop

8/31/2018, 2:37:54 AM
undefined ✔ But new export orders contracted at the fastest pace in six months, according to a sub-index which fell 0.4 points to 49.4, while total new orders edged down only one-tenth of a point from July’s level to 52.2 ✔ Those readings come after the China Banking and Insurance Regulatory Commission urged the country’s banks to support infrastructure projects and companies facing temporary difficulties in mid-August as China’s stock markets sagged and its currency came under pressure in the face of slowing domestic growth and bellicose rhetoric on trade out of Washington


China manufacturing PMI beats expectations for August

8/31/2018, 1:13:59 AM
China reported on Friday that factory activity was higher than expected in August, with the official manufacturing Purchasing Manager's Index coming in at 51.3. ✔ Muyu Xu | Reuters Workers inspect steel pipes at a steel mill of Hebei Huayang Steel Pipe Co in Cangzhou, China last March ✔ A reading above 50 indicates expansion, while a reading below that signals contraction ✔ Just last week, the U.S. and China slapped tariffs on $16 billion worth of goods on each other


Trump tweets are 'messages from some alternative universe': China...

8/31/2018, 1:15:31 AM
Twitter comments by U.S. President Donald Trump accusing China of hacking former presidential candidate Hillary Clinton's email server are an attempt to cast China as a "scapegoat", the official China Daily said in an editorial Friday. ✔ China’s foreign ministry has denied Trump’s allegation and the editorial accused him of smearing China’s image as he desperately needs a scapegoat in the run-up to the midterm elections, so he can divert public attention from the troubles the White House has become mired in ✔ Our Standards:The Thomson Reuters Trust Principles


Gold headed for longest monthly losing streak since 2013

8/31/2018, 1:51:47 AM
Gold prices were lower on Friday as the dollar steadied from expectations of an increase in U.S. interest rates as trade tensions between Washington and Beijing remained. ✔ Gold inched lower on Friday, as the dollar stayed firm on expectations of rising interest rates amid lingering Sino-U.S ✔ The dollar was boosted by data that showed U.S. consumer spending increased in July ✔ Operations have resumed at AngloGold Ashanti's Siguiri gold mine in Guinea after a workers strike halted activities for a day, a company vice president said on Thursday


Dollar supported by latest round of US-China trade tensions

8/31/2018, 1:40:37 AM
The dollar index steadied on Friday following negative news surrounding the U.S.-China trade dispute. ✔ The index had nudged up about 0.15 percent overnight, posting its first gain five days ✔ The euro was down 0.1 percent at $1.1662 after losing about 0.3 percent overnight ✔ The yen, another perceived safe haven along with the dollar, had advanced 0.6 percent on Thursday


China August factory pick up surprises, but export orders fall again

8/31/2018, 2:54:15 AM
Growth in China's manufacturing sector unexpectedly picked up in August after a two-month slide, offering some cushion for the slowing economy as the United States rapidly ratchets up tariffs on Chinese goods. ✔ That has prompted Beijing to speed up infrastructure spending and offer help to smaller companies to prevent a sharper slowdown, though policymakers are wary of adding to a mountain of debt that was fueled by past stimulus binges ✔ Our Standards:The Thomson Reuters Trust Principles


Dollar edges up on latest round of US-China trade tensions

8/31/2018, 3:55:14 AM
The dollar edged up against its peers on Friday, finding support as the latest episode of U.S.-China trade tensions dulled investor risk appetite, with weakness in emerging market currencies also helping lift the greenback. ✔ It is a bit of stretch to attribute all the euro’s woes to turbulence in emerging market currencies like the Turkish lira and the Argentine peso, said Daisuke Karakama, chief market economist at Mizuho Bank ✔ Our Standards:The Thomson Reuters Trust Principles


'The single worst trade deal ever made': Trump threatens to remove US from WTO

8/31/2018, 3:08:26 AM
President Donald Trump said he would pull out of the World Trade Organisation if it doesn't "shape up". ✔ For all of his complaints about the WTO, Trump's administration has continued to file cases against other members ✔ Earlier this week it launched a case against Russian duties on US products that it argues are illegal ✔ Our new podcast series from the team behind Phoebe's Fall View episodes


Trump rejects E.U. proposal to eliminate tariffs on imported cars, saying that ‘it’s not good enough’

8/31/2018, 2:06:17 AM
Meanwhile, U.S. and Canada remain upbeat about prospect of a new NAFTA deal. ✔ Lighthizer to say that she was encouraged by the constructive atmosphere of the talks ✔ The leader of Quebec, which would be hit the hardest by likely concessions on dairy, told the Montreal Gazette shortly after the call that in his view, things are going well in Washington ✔ I think that’s fair, said Susan Yurkovich, chief executive of British Columbia’s Council of Forest Industries


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