Trump's trade war against China may have a 'perverse reaction,' says economist
9/10/2018, 7:05:42 AMEric Fishwick, CLSA's head of economic research, said the U.S.-China trade war may well encourage Beijing to build its political and economic influence. ✔ It may well have the perverse reaction of accelerating China's attempts to move up the supply curve .. ✔ The strategy aims to move the country beyond fabricating and exporting basic goods such as clothing and consumer electronics ✔ China's trade surplus with the U.S. widened to a record in August, even as the country's export growth slowed slightly
Capital spending powers Japan's fastest GDP growth since 2016
9/10/2018, 4:28:25 AMQ2 rate hits 3% as labor crunch spurs automation, but trade war looms ✔ Companies are continuing to increase investment in logistics operations, such as automated distribution centers, because of the labor shortage, said Junichi Makino, chief economist at SMBC Nikko Securities in Tokyo ✔ Try 3 months for $9 Offer ends September 30th
Volvo Cars listing delayed on valuation concerns: FT
9/10/2018, 6:24:29 AMChinese company Geely [GEELY.UL] is delaying the listing of Volvo Cars due to valuation concerns amidst a global trade war, the Financial Times reported. ✔ The logo of Geely Automobile Holdings is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016 ✔ Volvo Cars Chief Executive Hakan Samuelsson told the newspaper that conditions right now are not optimal to give certain upside for the investors and stable market conditions were needed for a listing ✔ Our Standards:The Thomson Reuters Trust Principles
Chinese markets haven't yet hit their real bottom, China investment expert says
9/10/2018, 5:59:38 AMChina's stock markets have slumped in recent months, but investors have not witnessed the "real fundamental bottom" yet, an expert told CNBC on Monday. ✔ Intervention such as policy loosening can be expected from Beijing, he added ✔ The Chinese have become more affluent and the need for upgrade of products, services is definitely evolving or changing the way the market consumes, said Lee, without naming any companies
From QE to QT: Five questions for the ECB
9/10/2018, 6:16:22 AMThe European Central Bank meets on Thursday, just weeks before a new halving of monthly asset purchases in October that will mark the next step in the unwinding of its massive monetary stimulus. ✔ For sure, worries about an escalation in world trade tensions remain elevated, adding to turmoil in emerging markets and raising concerns about global growth ✔ Flight of the bumblebee: reut.rs/2PJ1jBB Our Standards:The Thomson Reuters Trust Principles
Apple supplier shares slide after Trump tells tech giant to make...
9/10/2018, 7:45:58 AMShares of Apple Inc suppliers fell across Asia on Monday after U.S. President Donald Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports. ✔ It’s not a seller’s market, but it’s also not a buyer’s market ✔ The technology sector is one of the biggest potential losers in the $200 billion tariff list proposed by Washington on Chinese imports because the tariffs would make imported computer parts more expensive ✔ Our Standards:The Thomson Reuters Trust Principles
Stock markets under pressure as US-China trade tensions deepen – business live
9/10/2018, 7:04:26 AMChinese and other Asian stocks down after data showing China’s trade surplus with US hit record high of $31bn ✔ 2.51am EDT02:51 David Madden, market analyst at CMC Markets UK, says in his morning note: The trade numbers from Beijing are likely to have struck a nerve with Mr Trump, and given that he thinks the US are winning the trade spat on account of the recent weakness in the Chinese stock market, he is likely to stick to his protectionist line ✔ Hours before his threats, China announced measures to support some of the exporters affected by higher duties
Capex drives Japan's fastest expansion since 2016, seen backing growth
9/10/2018, 5:27:02 AMHeavy capital spending in the second quarter drove Japan's economy to its fastest growth since 2016, underscoring the view that capex continues to back the economy even as trade tensions and a string of natural disasters pose risks to the outlook. ✔ UPTREND The capital expenditure component of GDP grew 3.1 percent in April-June from the previous quarter, versus the median forecast for 2.8 percent growth, and the preliminary 1.3 percent gain ✔ That was the fastest increase since the start of 2015, driven by transport and postal services, and electrical and chemical industries ✔ Our Standards:The Thomson Reuters Trust Principles
Dollar edges higher on trade tensions, Swedish crown rises after vote
9/10/2018, 7:31:17 AMThe dollar traded higher against a basket of currencies on Monday amid fears of a potentially major escalation in the China-U.S. trade conflict, while Sweden's crown rose following the previous day's election. ✔ Investors have been waiting for a fresh salvo to be fired in the Sino-U.S ✔ The pound was flat at $1.2915 after Steve Baker, a former junior Brexit minister told the Press Association that British Prime Minister Theresa May’s Conservative Party faces a catastrophic split if she persists with her so-called Chequers proposals on Brexit ✔ Our Standards:The Thomson Reuters Trust Principles
How new rules jeopardize China's subway projects
9/10/2018, 6:00:05 AMCities with previously approved plans face prospect of half-finished networks ✔ The cities that fall short on financial grounds also tend to be in inland areas and have problematic debt to fiscal revenue ratios ✔ Datawatch is a series jointly produced by the Nikkei Asian Review and FT Confidential Research ✔ Try 3 months for $9 Offer ends September 30th
Asian stocks mixed on fears of more US tariffs on China
9/10/2018, 6:45:12 AMSINGAPORE (AP) — Asian shares were mostly lower on Monday after U.S. President Donald Trump declared he was considering tariffs on an additional $267 billion in Chinese goods, rat ✔ SINGAPORE (AP) Asian shares were mostly lower on Monday after U.S. President Donald Trump declared he was considering tariffs on an additional $267 billion in Chinese goods, ratcheting up tensions between the world's two biggest economies ✔ The economy added a strong 201,000 jobs and the unemployment rate stayed at 3.9 percent, near an 18-year low, the government said Friday in its monthly jobs report
Asian stocks slump to 14-month low on China woes, Trump's trade...
9/10/2018, 7:07:42 AMA sell-off in Chinese shares pulled Asian equities to a 14-month trough on Monday as investors braced for a potentially damaging escalation in the Sino-U.S. tariff row after U.S. President Donald Trump raised the stakes in the dispute with Beijing. ✔ They also noted a concentration risk from some of the world’s largest funds’ heavy investments in EM assets ✔ The Indian rupee hit a record low of 72.50 per dollar on while Indonesia’s rupiah - the region’s second worst performer this year - weakened 0.4 percent, hovering near an all time trough ✔ Our Standards:The Thomson Reuters Trust Principles
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