Skip to main content

Trade War - SERIES 109 {16 articles}

China's Geely puts brakes on Volvo Cars listing, trade war a...

9/10/2018, 8:47:33 AM
Chinese carmaker Geely [GEELY.UL] is delaying plans to list Volvo Cars [IPO-VOLVO.ST] due to uncertainties created by escalating trade tensions and the need to bolster the Swedish brand's presence in China, said a person familiar with the matter. ✔ REUTERS/Kim Kyung-Hoon Geely, which is led by magnate Li Shufu and has been one of China’s most aggressive dealmakers in the auto sector, also felt that listing the unit soon would make it difficult to realize its full valuation potential, the person said ✔ Hangzhou-based Geely is also under no pressure to go to market, the person added ✔ Geely sales are booming and it makes a ton of money ✔ Our Standards:The Thomson Reuters Trust Principles


China's exports are slowing. The trade war will make things worse

9/10/2018, 10:03:54 AM
Growth in Chinese exports slowed in August, according to official data, and President Trump's threats of even more tariffs add to the concerns. ✔ US-China trade war may raise gadget prices The Chinese economy's massive export engine is slowing down as the trade war heats up ✔ China's huge trade surplus with the United States is at the heart of the dispute ✔ China's stock market and its currency have been pummeled in recent months by investors concerned about the health of the country's economy


Trump's trade war has forced one of Europe's most famous automakers to delay a $30 billion IPO

9/10/2018, 9:07:20 AM
Volvo's parent company, Chinese car giant Geely, is worried that President Trump's trade war could impact the Swedish firm's valuation and see the share price slip in the immediate aftermath of the flotation. ✔ The parent company of Swedish automaker Volvo has postponed its planned initial public offering ✔ The FT reports that though Geely believed it had secured the backing of investors, it worried that Volvo's stock could slip in the immediate aftermath of the flotation, angering Swedish pension funds


World shares face longest losing streak since January 2016

9/10/2018, 9:26:45 AM
World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S.-China trade war and another interest rate increase by the Federal Reserve later this month. ✔ Beijing had warned of retaliation if Washington launches any new trade measures ✔ But it is running out of room to match them dollar-for-dollar, raising concern it would resort to other measures, such as weakening the yuan or taking action against U.S. companies in China ✔ Our Standards:The Thomson Reuters Trust Principles


Apple’s China Distraction Before Wednesday’s Big Event

9/10/2018, 8:08:10 AM
President Trump has cast a formidable shadow in the days leading to Apple's big iPhone event on Wednesday. Over the weekend, he suggested in a tweet that Apple move its manufacturing plants to the U.S. to avoid tariffs in the simmering trade war between the U.S. and China. ✔ It's a recurring threat Apple Chief Executive Tim Cook  has heard from the White House, but a particular distraction in the days leading up to news of three new iPhones ✔ Underscoring Apple's reliance on the region, nearly every iPhone is built in China ✔ But the president told reporters Friday that imposing tariffs on $200 billion worth of Chinese products will take place very soon depending on what happens


Oil Prices Edge Higher as Investors Weigh Supply Concerns

9/10/2018, 10:52:12 AM
Oil prices ticked up following a week of volatile trading, as the market refocused on potential global disruptions to supply. ✔ Meanwhile, the headquarters of Libya’s National Oil Co. in Tripoli was targeted Monday by an apparent terrorist attack, potentially foreshadowing fresh disruptions to Libyan supply ✔ ICE gas oil, a benchmark for diesel fuel, changed hands at $687.00 a metric ton, up 1.44% from the previous settlement


China stocks slump as investors brace for next US tariff hit

9/10/2018, 8:07:13 AM
undefined ✔ Among Apple’s Taiwan-listed partners, many of which have large factories in China, iPhone camera lens maker Largan Precision closed down 7.8 per cent, major component supplier and assembler Hon Hai Precision Industry, also known as Foxconn, fell 3.4 per cent, and fellow manufacturer Pegatron sank 3.9 per cent


‘We must defend Germany!’ French EU minister plots STRONG Franco-German ties for GLOBAL EU

9/10/2018, 10:14:01 AM
FRANCE EU minister Jean-Yves Le Drian said the arrival of Donald Trump at the White House could serve as an opportunity to transform Europe into a "global" power through strengthened Franco-German ties. ✔ And a refounded Europe will become the global reference ✔ He added: Ever since the start, he has engaged in the methodical destruction of all of multilateralism regulatory tools that affect our lives and the planet ✔ Only Europe can give us some capacity for action in today’s world


Oil up as U.S. drilling stalls, Iranian sanctions bite

9/10/2018, 8:47:34 AM
Oil prices rose on Monday as U.S. drilling stalled and as investors anticipated lower supply once new U.S. sanctions against Iran's crude exports kick in from November. ✔ REUTERS/Jean-Paul Pelissier/File Photo Benchmark Brent crude oil was up 90 cents a barrel, or almost 1.2 percent, at $77.73 by 0820 GMT ✔ Governments can talk tough, said Energy consultancy FGE ✔ Russia, U.S. & Saudi crude output: tmsnrt.rs/2NqbrBZ Our Standards:The Thomson Reuters Trust Principles


Pound euro exchange rate: GBP buoyed by upbeat UK GDP reading

9/10/2018, 10:58:40 AM
THE pound euro exchange rate is currently trading at €1.118, with the pairing trading close to a three-week high following the latest UK growth figures. The pound is firming against the euro and the majority of its other peers this morning as markets welcome the release of the UK’s latest GDP figures. ✔ THE pound euro exchange rate is currently trading at €1.118 ✔ However slightly dampening sentiment this morning was the accompanying release of the UK’s industrial production reading, which saw factory output growth slow from 0.4 per cent to 0.1 per cent in July


Scandinavian currencies lead rebound versus struggling dollar

9/10/2018, 9:43:52 AM
The dollar struggled against its rivals on Monday, especially against the Scandinavian currencies, as some investors took profits after a strong rally in recent weeks although strong U.S. data kept the pressure on emerging market currencies. ✔ REUTERS/Marcos Brindicci/File Photo Against the euro EURNOK=D3, the crown rose 0.8 percent and was set for its biggest daily rise in more than four months at 9.70 ✔ Overall dollar positions saw their biggest drop in nearly six months as investors took some profits from a rally that has seen the greenback gain more than 6 percent since trade concerns shot into the spotlight ✔ Our Standards:The Thomson Reuters Trust Principles


European shares edge up as strong banks offset trade woes

9/10/2018, 9:00:08 AM
European shares inched up on Monday as banks gained, although trade-exposed sectors like autos suffered after U.S. President Donald Trump raised the stakes in the trade dispute with Beijing. ✔ UniCredit (CRDI.MI) gained after its chairman said the bank, Italy’s largest by assets, would assess strategic options as it planned for 2019 ✔ He was responding to a question about a possible merger with Societe Generale (SOGN.PA) ✔ Our Standards:The Thomson Reuters Trust Principles


Spotlight on Alibaba CEO Zhang as Jack Ma starts retirement countdown

9/10/2018, 9:51:08 AM
Unlike his charismatic boss, Jack Ma, Alibaba chief executive Daniel Zhang isn't usually one to grab the limelight, let alone make kung fu movies with superstars or dance in public. ✔ A global trade war is also hampering Alibaba’s ambitions for international expansion, including into the United States ✔ WEEKLY COMMUTE Zhang, who joined Alibaba in 2007, sees Alibaba as an integrated ecosystem that lures consumers with movies, live-streamed sports, fast food deliveries and news ✔ Our Standards:The Thomson Reuters Trust Principles


World stocks fall after Trump suggests more China tariffs

9/10/2018, 10:16:11 AM
SINGAPORE (AP) — European and Asian markets were mostly lower on Monday after U.S. President Donald Trump suggested placing tariffs on an additional $267 billion in Chinese goods ✔ SINGAPORE (AP) European and Asian markets were mostly lower on Monday after U.S. President Donald Trump suggested placing tariffs on an additional $267 billion in Chinese goods in a tit-for-tat dispute over trade ✔ 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


'A problem for one is likely a problem for all': RBA sounds Australian debt warning

9/10/2018, 9:37:07 AM
Australian households and the financial system are over exposed to an economic shock, the central bank has warned. ✔ This could have adverse effects on the real economy in the form of lower economic growth, higher unemployment and falling house prices, which could, in turn, amplify the negative shock ✔ Those children who had no prospect of a long life and now have the opportunity for that


Moonves Out, Ma Going, Trump Focus: CEO Daily for September 10, 2018

9/10/2018, 10:06:44 AM
Must-read business news, delivered every morning. ✔ By Alan Murray and David Meyer 5:58 AM EDT Good morning ✔ Ma told shareholders and customers: I have put a lot of thought and preparation into this succession plan for ten years ✔ The largest specimen of gold-encrusted rock weighed more than 90 kilograms (198 lbs,) and the cluster as a whole has so far yielded more than 9,000 ounces of the yellow stuff


>>> Open This Series
Labels:

Comments

Post a Comment

Popular posts from this blog

Travel - SERIES 279 {26 articles}

The incredible ways travel has changed in the past 21 years 10/16/2018, 12:21:09 PM Think back to 1997. A time before Google, before Facebook, before smartphones. Almost unimaginable, isn’t it? Richard Godwin tracks the ways our travel world has changed since then. ✔ Land Rover-loads of tousled-haired children in Boden stripes were sent down the M4 to be rewilded on the slopes of Cornwall and Devon, where their parents would photograph them licking Mr Whippys and investigating rock pools in an Enid Blyton fantasia But this was before Londoners discovered the British countryside and began refashioning it more to their tastes Is is safe to travel to France as flash floods sweep the Mediterranean? Latest update 10/16/2018, 3:34:40 PM FRANCE has been battered by torrential rain resulting in severe flooding. Officials have said up to seven months' worth of rain fell overnight in one south-western area. So is it safe to travel to France? ✔ Shocking photos depict submerged...
Post a Comment
Read more

War Countries - SERIES 319 {33 articles}

Revealed: Canadian companies arming Saudi Arabia’s war in Yemen 10/23/2018, 7:27:45 PM Since 2015, Canadian companies have provided $2.4 billion in combat vehicles, weapons, surveillance technology, pilot training relied on by the oil-rich Saudis ✔ Each time she learns Saudi bombs are falling on Yemen, Shireen Al-Adeimi rushes to her cell-phone ✔ In November 2017, the company unveiled a new surveillance aircraft called the Force Multiplier at the Dubai Air Show ✔ Which is why western governments have preferred the brand of stability the Saudi regime provides – and why they’ve been happy to have their weapons bought by the Saudi’s oil wealth What was the Arab Spring? Timeline from Egypt to Tunisia and Yemen and Syria 10/23/2018, 6:16:31 PM IN late 2010 a sequence of events began in the Arab world which saw autocratic and corrupt regimes overthrown. The uprisings became known as the Arab Spring and saw a frustrated generation vent the… ✔ Here’s what you need to know about the...
Post a Comment
Read more

War Countries - SERIES 380 {29 articles}

3 million Venezuelans have fled their country, according to new U.N. estimate 11/8/2018, 4:39:09 PM The figure makes it comparable to refugee crises in Syria and Afghanistan. ✔ Venezuelan migrants stand alongside a route, after leaving the CEBAF (bi-national border care center) facilities in Tumbes, Peru, near the border with Ecuador, on Nov. 1, 2018 ✔ It was followed by Peru, which had more than half a million, Ecuador more than 220,000, Argentina 130,000, Chile more than 100,000 and Brazil 85,000 Bangladesh general election on December 23 despite Zia's arrest 11/8/2018, 4:53:49 PM Officials say the election will be held even as the main opposition leader remains imprisoned. ✔ A favourable situation prevails in the country to hold a free and fair election, Chief Election Commissioner Nurul Huda said in an address aired by state-run television and radio stations ✔ It is still not immediately clear whether the BNP would contest the election ✔ The party boycotted the 2014...
Post a Comment
Read more

Trade War - SERIES 236 {21 articles}

Mnuchin watching China's currency as trade war escalates 10/11/2018, 7:09:25 PM US Treasury Secretary Steven Mnuchin is keeping a close eye China's currency as the trade war between the two countries escalates. ✔ It is seeking to gain an edge by upping pressure on China as it struggles with slowing economic growth and sharp declines in the country's stock markets ✔ If it were to do so this month, the move wouldn't immediately trigger any US penalties, but it would further inflame the tensions between the world's two largest economies Smartphone supply chain foresees cheerless holiday 10/11/2018, 6:16:10 PM US-China trade war threatens to spoil all-important Christmas season ✔ Customers try out the new iPhone Xs Max at the Apple Store in Manhattan ✔ The overall smartphone industry is expected to face a difficult season this quarter, given the latest message delivered by Largan's executive, said Nicole Tu, a tech analyst at Yuanta Securities Investm...
Post a Comment
Read more

Travel - SERIES 95 {21 articles}

Bake Off star Ruby offers a glimpse at her life on Instagram 9/5/2018, 4:34:57 PM Glamorous contestant Ruby Bhogal, 29, from London, has amassed a loyal following on Instagram thanks to her saucy selfies and envy-inducing travel snaps. ✔ Last night's Bake Off saw temperatures soar, and the desserts of cake week collapse - but the tent isn't the only place heating up ✔ Another follower added: 'How do I go one better than anyone else with a comment that shows how stunning I think you are?' Ruby has proven popular among viewers since week one of the Channel 4 baking competition Boom: A supersonic flight revival - CNN Video 9/5/2018, 6:21:25 PM Boom Supersonic is set to reinvent supersonic travel and cut flight times in half, its founder and CEO Blake Scholl tells CNN how. ✔ MUST WATCH Boom: A supersonic flight revival Boom Supersonic is set to reinvent supersonic travel and cut flight times in half, its founder and CEO Blake Scholl tells CNN how ...
Post a Comment
Read more