America, China and the route to all-out trade war
9/10/2018, 12:00:03 PMundefined ✔ The protectionists at the heart of the administration in particular Robert Lighthizer, the US trade representative, and Peter Navarro, policy adviser on trade and manufacturing in the White House have long regarded China as the core of America’s trade problems
China threatens RETALIATION after Trump warns of fresh tariffs in trade war
9/10/2018, 1:23:29 PMCHINA has threatened to hit back at the United States if Washington ramps up the trade war between the two countries after Donald Trump declared he was ready to slap extra tariffs on virtually all Chinese imports. ✔ But Beijing pledged an immediate response to any fresh trade measures ✔ The $200bn we are talking about could take place very soon depending on what happens with them ✔ The $200bn of Chinese goods on the US list includes consumer products such as cameras and recording devices, luggage, handbags, tires and vacuum cleaners, with additional tariffs ranging from 10 to 25 percent
Wall Street higher as tax cut hopes keep trade war fears at bay
9/10/2018, 2:18:58 PMU.S. stock indexes were higher on Monday, boosted by the consumer discretionary sector and as hopes for a new round of tax cuts overshadowed fears of an escalation in the Sino-U.S. trade war. ✔ On Friday, Trump said he was ready to levy additional taxes on practically all Chinese imports, threatening duties on $267 billion of goods over and above planned tariffs on $200 billion of Chinese products ✔ Our Standards:The Thomson Reuters Trust Principles
China ‘Will Not Hesitate to Inflict Pain’ on the U.S. as It Fights Trump’s Trade War
9/10/2018, 3:22:10 PMChina will not hesitate to retaliate in the escalating trade war with President Donald Trump and the U.S., even if it means hurting itself, a Beijing-backed think tank says. ✔ Chinese President Xi Jinping attends an inauguration ceremony in Hong Kong, China in 2017 ✔ But people will wake up from the Trump frenzy, she said, and realize the cost of these policies ✔ Both Chen and Xu emphasized that they would prefer a good and far-reaching relationship that is mutually beneficial
Europe leads fightback after Asian shares floored again
9/10/2018, 12:32:40 PMGains in Europe helped steady global stock markets on Monday, after rising anxiety about the U.S.-China trade war and further Fed rate hikes gave Asia its longest losing streak since the end of 2015. ✔ RELIEF IN SWEDEN Stockholm and the Swedish crown strengthened after the nationalist Sweden Democrats gained less ground than polls had predicted in elections on Sunday ✔ REUTERS/Peter Nicholls FRAGILE CHINA The most eyecatching action was in Asia again ✔ REUTERS/Toru Hanai Our Standards:The Thomson Reuters Trust Principles
Monday Morning Briefing
9/10/2018, 12:20:48 PMMonday Morning Briefing ✔ Sweden faced weeks of uncertainty after its mainstream center-left and center-right blocs emerged in a dead heat from an election on Sunday, while the far-right - which neither wants to deal with - made gains on a hardline anti-immigrant platform ✔ Our Standards:The Thomson Reuters Trust Principles
10 things you need to know before the opening bell | Markets Insider
9/10/2018, 12:27:45 PMundefined ✔ Getty / Drew Angerer Here is what you need to know ✔ It is expected to hit the Carolinas on Thursday morning and move further inland ✔ The National Hurricane Center warned that it would most likely bring devastating storms and floods to those regions ✔ The Shanghai Composite (-1.2%) declined in Asia, while Germany's DAX (+0.4%) led gains across Europe
10 things you need to know before the opening bell
9/10/2018, 12:03:29 PMThis is what traders are talking about. ✔ It is expected to hit the Carolinas on Thursday morning and move further inland ✔ Shares fell 14% last week after Liu Qiangdong was detained in the US over Labor Day weekend ✔ The Shanghai Composite (-1.2%) declined in Asia, while Germany's DAX (+0.4%) led gains across Europe ✔ Federal Reserve Consumer Credit is set to be released at 3 p.m. ET
Apple supplier shares slide after Trump tells the tech giant to make its products in the US
9/10/2018, 12:19:03 PMShares of Apple suppliers fell 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. ✔ Aaron Favila | AFP | Getty Images U.S. President Donald Trump smiles in front of Chinese Premier Li Keqiang as they line up to enter the Special Gala Celebration of the 50th Anniversary of ASEAN in Manila on November 12, 2017 ✔ Chien Bor-yi, an analyst at Taipei-based Cathay Futures Consultant, said Apple's component supply chain in Taiwan would take a major hit if the United States increased tariffs on Chinese imported products
Analysis | North Korea is trying to play off Beijing and Washington — and come out the winner
9/10/2018, 12:35:02 PMPraising China while keeping nukes away from his big parade, Kim Jong Un is proving to be a deft diplomat. ✔ Kim Jong Un managed to put on a great show, and make progress on two of his most important foreign policy goals at the same time, said Zhao Tong, a fellow at the Carnegie-Tsinghua Center for Global Policy in Beijing ✔ Kim, having achieved a credible nuclear program, is now moving on to the second track in the two-track strategy he laid out in 2013: economic development ✔ China is not turning on the economic taps, Cathcart said
Volvo Is Delaying Its IPO, the Latest Victim of Trump's Tariff War With China
9/10/2018, 12:15:25 PMLess stable market conditions have made the timing “not optimal,” CEO Hakan Samuelsson said. ✔ The move comes after initial investor feedback in July was said to value the company, owned by China’s Zhejiang Geely Holding Group (gelyy), far below top-end estimates ✔ Also on Monday, British sports-car maker Aston Martin moved ahead with its decision to list shares in London, citing the company’s turnaround as a deciding factor ✔ He declined to elaborate on the financial impact of the higher tariffs
Oil up as U.S. drilling growth stalls, Iranian sanctions bite
9/10/2018, 3:21:18 PMOil prices rose on Monday as growth of U.S. drilling braked and investors anticipated lower supply once new U.S. sanctions against Iran's crude exports kick in from November. ✔ Outside the United States, Iranian crude oil exports are declining ahead of a November deadline for the implementation of new U.S. sanctions ✔ Although many importers of Iranian oil have said they oppose sanctions, few seem prepared to defy Washington ✔ Our Standards:The Thomson Reuters Trust Principles
Stock markets pick up after Asia drops over Trump tariffs
9/10/2018, 12:19:50 PMSINGAPORE (AP) — European stock markets rose and Wall Street was expected to open higher on Monday, despite a drop in Asia, where investors fretted over the possibility of new and ✔ SINGAPORE (AP) European stock markets rose and Wall Street was expected to open higher on Monday, despite a drop in Asia, where investors fretted over the possibility of new and bigger U.S. tariffs on Chinese goods ✔ The economy added a strong 201,000 jobs and the unemployment rate stayed at 3.9 percent, near an 18-year low
Mika Rottenberg review – Sneezing rabbits, dismal bingo and labour pains
9/10/2018, 2:40:16 PMA bilious multicoloured world of dreck and drudgery, female wrestlers and fake fingernails is revealed in Rottenberg’s labyrinthine sculpture and video ✔ The man is seated in a characterless room that looks more like a cell ✔ Like the galleries themselves, with their sunken wells and strange and unexpected sightlines, Rottenberg’s art is labyrinthine ✔ In an early work, Mary’s Cherries, a cast of female wrestlers pedal at bicycle-powered machines, fabricating Maraschino cherries from fake fingernails and putty (or is it chewing gum?)
Analysis | The Finance 202: Financial risk returns a decade post-crisis
9/10/2018, 12:35:09 PMIndustry is hiring regulators. ✔ (Andrew Harnik/AP) Perdue seeks concessions from Canada ✔ #TNYcartoons A post shared by The New Yorker Cartoons (@newyorkercartoons) on Sep 8, 2018 at 12:56pm PDT BULL SESSION Naomi Osaka upsets Serena Williams to win controversial U.S. Open: Obama is back
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