Skip to main content

Trade War - SERIES 100 {15 articles}

Global trade war threatens to derail modest euro zone growth:...

9/7/2018, 12:43:31 AM
Euro zone economic growth will be modest at best over the coming year, according to a Reuters poll of economists who unanimously said the trade war between the United States and China threatens the outlook. ✔ Economists were almost evenly split between being concerned and not worried about differing speeds of growth and inflation in member countries within the currency bloc ✔ While 20 of 41 respondents said they were concerned, the remaining 21 said they were not, including two who said they were not concerned at all ✔ Our Standards:The Thomson Reuters Trust Principles


U.S. job growth seen picking up, unemployment rate falling

9/7/2018, 4:16:46 AM
U.S. job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 percent, which would bolster views that the economy was so far weathering the Trump administration's escalating trade war with China. ✔ U.S. unemployment rate is near the lowest in 18 years: reut.rs/2oLzTQb MODERATE WAGE GROWTH Nevertheless, the anticipated one-tenth of a percentage point drop in the unemployment rate from 3.9 percent in July should underscore tightening labor market conditions and cement expectations for a third interest rate increase from the Federal Reserve this year when policymakers meet on Sept


U.S. Trade Deficit Jumps To 5-Month High Despite Trump's Tariffs

9/7/2018, 3:16:15 AM
Deficits with China and the European Union hit records, according to the latest federal statistics. ✔ Getty Images America’s trade deficit hit a five-month high despite steep tariffs enacted by President Donald Trump on imports, according to the latest federal statistics released by the Commerce Department ✔ Some now believe that the trade war will hurt the American economy, and the GDP will begin to sink, Bloomberg reported


Aussie dollar falls to 2-1/2 year lows as trade fears hit sentiment

9/7/2018, 7:49:24 AM
The Australian dollar fell to its weakest level in more than 2-1/2 years on Friday as fears over an escalation in the trade conflict between the United States and China dominated concerns while safe haven currencies such as the franc and yen gained. ✔ The U.S. currency held in relatively tight ranges against other major peers such as the euro and pound, with the market bracing for the highly anticipated U.S. jobs report due later in the session ✔ August U.S. non-farm payrolls report is due at 1230 GMT ✔ Our Standards:The Thomson Reuters Trust Principles


Australian dollar drops as investors brace for US-China escalation

9/7/2018, 5:11:45 AM
undefined ✔ The currency, which is seen by investors as being exposed to regional trade volumes, was down 0.5 per cent at $0.7164, hovering near a two-year low touched on Wednesday ✔ This is a negative for various currencies but the Aussie seems to be the main Asia risk proxy, as it often is


European markets seen slightly higher but trade concerns weigh on sentiment

9/7/2018, 5:55:18 AM
European shares are expected to open slightly higher on Friday morning, but investors remain cautious amid new trade threats.  ✔ The FTSE is seen up by 5 points at 7,323; the DAX is seen higher by 3 points at 11,958; and the CAC 40 is set to open higher by 8 points; according to IG ✔ In Asia, stocks were under pressure due to ongoing concerns over a trade war between the United States and China ✔ On Thursday, President Donald Trump told a Wall Street Journal columnist that he will take his trade fights to Japan next


A handful of Asia's currencies are holding up amid the carnage hitting their peers

9/7/2018, 6:15:14 AM
Amid the carnage in emerging market currencies over the past two weeks, a few have held up relatively well. The Thai baht, in fact, has stood out with its exceptional performance. ✔ Getty Images Amid the carnage in emerging market currencies over the past two weeks, a few have held up relatively well ✔ Additionally, Goh said, Thailand's economic growth is looking stronger and its central bank could soon raise interest rates which would support the currency further


Ashmore plans Ireland office ahead of Brexit

9/7/2018, 6:47:56 AM
undefined ✔ Ashmore became the latest UK-based asset manager to unveil plans to establish an office in Ireland ahead of Britain’s departure from the EU, highlighting the pressure on fund groups to prepare ✔ Pre-tax profits fell 7 cent to £191.3m in the year ending on June 30, compared with a market consensus of £188.6m


Tech companies make last-minute effort to avoid new China tariffs

9/7/2018, 1:37:57 AM
Dell, Cisco and other networking equipment makers want to be exempt from the possible tariffs on $200 billion of goods from China. ✔ They say the increase in prices would negatively impact customers, small businesses, internet service providers, and data centers ✔ The tariffs, if imposed, would cover roughly half of all Chinese goods entering the United States ✔ If the tariffs go into effect, companies will still be able to request and exemption for certain products, but it could take months to get a ruling


Tech firms ask for Trump tariff protection

9/7/2018, 7:12:02 AM
Four US companies warn another round of taxes on Chinese imports could result in job losses. ✔ 'Disproportionate harm' The four tech firms are concerned that tariffs will increase the cost of items such as hard drives, servers and networking equipment, which could hit profits and result in job cuts in the US ✔ While the firm stressed it was confident it would be able to make changes necessary to mitigate any impact of the tariffs, an HPE spokesperson said: Changes to a tariff system that has worked well for decades is not the way to go for our country


US-China trade could see 'two more years of serious tension,' says economist

9/7/2018, 5:04:03 AM
Some economists see prolonged tensions in trade relations between the U.S. and China, as others say America's trade deficit problem is "multilateral." ✔ The problem with the US is 'we do not save,' says Stephen Roach    1 Hour Ago | 02:54 Echoing that sentiment, Stephen Roach, an economist and senior fellow at Yale University, said a significant escalation in the U.S.-China trade conflict will occur, even though it remains to be seen whether Trump goes the full $200 billion, or not, initially


Hong Kong stocks slip as street braces for US tariff moves

9/7/2018, 5:44:45 AM
Heavyweights Tencent, AIA and China Construction Bank erase early gains by noon ✔ Tencent Holdings, the most valuable company listed in Hong Kong, declined 1% after advancing as much as 1.6% ✔ In the mainland, the Shanghai Composite slipped 0.1% ✔ The yuan traded onshore fell 0.1% against the dollar to 6.8394 ✔ Try 3 months for $9 Offer ends September 30th


Asia shares hit 14-month lows, yen advances on trade jitters

9/7/2018, 12:43:19 AM
Asian shares slipped to a 14-month trough on Friday as investors feared a new round of Sino-U.S. tariffs could come at any moment, while a slump in U.S. chip stocks rippled through the tech sector. ✔ Still, analysts at NatWest Markets cautioned that: Despite employment indicators pointing to another strong report, it is worth noting that there is a tendency for August payrolls to initially disappoint and then be revised up noticeably later ✔ Our Standards:The Thomson Reuters Trust Principles


Asia shares worn out by trade tension, yen a safe harbor

9/7/2018, 6:48:40 AM
Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-U.S. tariffs could come at any moment, while a slump in U.S. chip stocks rippled through the tech-heavy region. ✔ The tech sector was also very weak overnight, with a slide in Micron of almost 10 percent and further weakness in the Chinese Internet ADRs ✔ WATCHING WAGES Eyes were now turned to the U.S. payrolls report for August which is expected to show a robust rise of 191,000, in part as July was temporarily depressed by the closure of the Toys R Us chain that month ✔ Our Standards:The Thomson Reuters Trust Principles


Why statism today?

9/7/2018, 6:11:54 AM
undefined ✔ For instance, the government raised the minimum wage by a whopping 16.7 percent this year as part of efforts to keep Moon's campaign promise ✔ It also implemented a shorter 52-hour workweek July 1 ✔ Heo Mane (mane398@naver.com) is a professor emeritus and adviser of the Korea-EU Forum


>>> Open This Series
Labels:

Comments

Post a Comment

Popular posts from this blog

Disasters - SERIES 352 {23 articles}

Powerful East Coast storm may develop Friday into the weekend 10/22/2018, 4:45:08 PM The storm may form as a strong cold front combines with the remnants of Category 5 Hurricane Willa, about to hit Mexico’s west coast. ✔ This may be enough to cause pockets of flooding, especially in areas that have had substantial rain in recent weeks, but widespread issues are less likely ✔ In this scenario, elevations above 2,000 feet in the Appalachians could see accumulating snow ✔ The temperature outlook from the National Weather Service over the next six to 10 days Freezing Rome covered in giant sheet of ice after massive hail and rain storms 10/22/2018, 7:35:27 PM WINTER came early to Rome after a massive hail storm enveloped the city and sparked havoc among its residents. Remarkable photographs taken in the Italian capital show streets caked in ice, with ca… ✔ Firefighters responded to similar incidents in Florence and Pisa and parts of northern Italy, including Milan, where strong ...
Post a Comment
Read more

Trade War - SERIES 145 {28 articles}

China blasts back in US trade war 9/19/2018, 2:39:03 AM THE US and China yesterday ramped up their trade war after the imposition of tariffs on a new swathe of imports between the two nations. ✔ The world’s two largest economies had already applied tariffs to £38 billion of each other’s goods ✔ Meanwhile, a UK-US trade deal could rewrite the rules of global commerce, according to a new report ✔ It is a model for how trade liberalisation can and should work in the 21st century Foxconn unit's mainland China IPO highlights trade war strategy 9/19/2018, 12:27:39 AM Apple supplier Avary raises $540m as group woos both sides ✔ Foxconn owns 80.91% of Avary through Taiwan-based affiliate Zhen Ding Technology Holding ✔ Foxconn also raised 27.1 billion yuan in June by debuting core subsidiary Foxconn Industrial Internet, an assembler of iPhones, in Shanghai ✔ Try 3 months for $9 Offer ends September 30th Asia equities gain after Wall Street shrugs at trade war 9/19/2018,...
Post a Comment
Read more

Autos - SERIES 180 {10 articles}

How to Make Money on Your Electric Car | Drive.com.au 10/23/2018, 8:55:37 PM Looking to turn your electric car into a money making machine? We look at potential ways to do just that ✔ Meanwhile a 5kW unit asks $5000 to $7000 with a circa-$3500 rebate, and a 10kW unit $12,000 to $16,000 – all according to July 2018 estimates for Tier 1 solar panels ✔ Let's start a personal and meaningful conversation! Leave a comment (Get advice from an expert) Holden Astra 2018 sweet spot review | Drive.com.au 10/23/2018, 8:55:34 PM The Holden Astra is General Motors’ answer to popular small cars such as the Toyota Corolla, Mazda3 and Volkswagen Golf. Holden does things a little differently to its competitors, offering two distinctly different model lines under the Astra name - for a little while longer, at least. ✔ There aren’t any outstanding recalls for either Astra (as of October 2018), and it should provide reasonably trouble-free motoring ✔ Holden has been in the ACCC’s crosshair...
Post a Comment
Read more

Trade War - SERIES 200 {15 articles}

US lost its credibility by engaging in trade war with the world – Erdogan 10/1/2018, 4:37:47 PM The US has lost its credibility since Donald Trump unleashed a global trade war, Turkish President Recep Tayyip Erdogan said, slamming Washington for sanctioning Turkey and trying to isolate Iran. ✔ Ankara in particular considers the Kurdistan Workers’ Party (PKK) to be a terrorist group ✔ The low point came in August when the Trump administration slapped Turkish steel and aluminum imports with 50-percent tariffs and blacklisted the country’s ministers of justice and the interior over human rights violations in relation to the Brunson case ✔ Trends: Turkey-US newsUS sanctions on Iran US TRADE WAR: Trump TAKES AIM at EU in shock tariff threat amid RECESSION warning 10/1/2018, 5:59:41 PM DONALD Trump has threatened to slap punitive tariffs on European Union car exports after successfully re-writing the NAFTA agreement Mexico and Canada which he once dismissed as "perhaps the w...
Post a Comment
Read more

War Countries - SERIES 64 {22 articles}

Saudi royal: 'King and heir apparent' responsible for Yemen war 9/4/2018, 2:44:51 PM Prince Ahmed bin Abdelaziz tells London activists wider royal family not to blame for kingdom's foreign policy moves. ✔ Campaigners accuse MBS, who also serves as defence minister, of being the chief architect of the Yemen war, which has led to what the United Nations  describes as the world's worst humanitarian crisis ✔ WATCH: Inside Story - Have war crimes been committed in Yemen Russia sends ‘up to 1,000 tanks towards country’s border with Ukraine' 9/4/2018, 12:47:54 PM MILITARY boffins on social media claim to have spotted “1000” Russian tanks moving west towards Ukraine. Trackers of Vladimir Putin’s army have posted pictures of cargo trains carrying the hulking … ✔ Strategic Sentinel wrote on Twitter: Photos taken in #Russia of trains continuing to send T-62s west towards #Ukraine ✔ Russia’s relationship with NATO is increasingly strained following the annexation o...
Post a Comment
Read more