Massachusetts lobstermen feel the pinch of the U.S.-China trade war
9/11/2018, 10:58:21 AMLobster fishermen in Massachusetts face rising prices, environmental regulations and the closure of their fishing grounds. Now, the U.S.-China trade war has threatened their industry with additional tariffs.
Hong Kong stocks fall deeper into bear territory amid trade war uncertainty
9/11/2018, 10:44:18 AMHong Kong's Hang Seng index continued its decline into bear territory on Tuesday, as some analysts warned that the trend could persist. ✔ Vivek Prakash | AFP | Getty Images Pedestrians are reflected in a mirror next to a screen showing the closing figures for the Hang Seng Index in the Central district in Hong Kong on July 3, 2018 ✔ Echoing Cheo's sentiment, Hao Hong, a managing director and head of research at Bank of Communications International, told CNBC that the market is finding it difficult to price in any recent developments on the dispute
China markets regulator says trade war does not benefit U.S. or China
9/11/2018, 8:52:18 AMThe head of China's market regulator said on Tuesday a trade war does not benefit China or the United States and tensions can only be resolved through dialogue and negotiation. ✔ FILE PHOTO: Chinese officials prepare the flags for the China-U.S ✔ bilateral meeting at the G20 leaders summit in Hamburg, Germany July 8, 2017 ✔ Zhang also said China would treat all companies equally, including foreign firms ✔ Our Standards:The Thomson Reuters Trust Principles
Boeing Says China Will Buy 7,690 New Planes. But Then There's Trump's Trade War
9/11/2018, 11:25:05 AMThat's $1.2 trillion worth of planes over the next two decades. ✔ At the Farnborough air show in July, both Boeing Chief Executive Officer Dennis Muilenburg and Airbus’s chief of commercial aircraft Guillaume Faury said the aerospace business thrives on free trade, and no one wins such a war ✔ The company says it has racked up more than 800 orders from Chinese carriers and lessors
How much could Trump's trade war increase prices for Apple Watch, AirPods, Mac Minis?
9/11/2018, 9:44:52 AMThat Apple Watch you had your eye on? It could become pricier depending on how President Trump's trade war with China turns out. Apple says tariffs will lift costs of some products. ✔ Gene Munster, an analyst and investor with Loup Ventures, thinks the company would likely absorb any extra costs and not raise prices ✔ Still, a price increase could fall somewhere between nothing and 20 percent ✔ Contributing: Jefferson Graham in Los Angeles On September 12, 2018
China's troubles push Hong Kong stocks into a bear market
9/11/2018, 10:08:58 AMHong Kong's stock market is crumbling under pressure from the the trade war, China's slowing economy and other problems. ✔ The index ended the day 0.7% lower, closing more than 20% below its recent peak in January ✔ China's currency, the yuan, has also fallen in recent months ✔ Hong Kong follows the Fed when it comes to rate hikes, which make it more expensive for investors to borrow cash and buy shares
China reportedly set to ask WTO for permission to impose sanctions on US
9/11/2018, 9:32:45 AMChina will reportedly seek permission from the World Trade Organization (WTO) to impose sanctions on the U.S. next week, amid an escalating trade war between the world's two largest economies. ✔ China will reportedly seek permission from the World Trade Organization (WTO) to impose sanctions on the U.S. next week, amid an escalating trade war between the world's two largest economies ✔ The request cites Washington's non-compliance with a ruling in a dispute over U.S. dumping duties that Beijing initiated in 2013, Reuters reported, citing a meeting agenda seen on Tuesday
Germany's economic outlook improves as trade fears fade: ZEW
9/11/2018, 9:31:47 AMInvestors are more upbeat about Germany's economic outlook as fears about a full-blown trade war with the United States are fading, the ZEW research institute said on Tuesday after its survey showed German investor morale improved in September. ✔ FILE PHOTO: A container ship is seen at the shipping terminal Eurokai in the Port of Hamburg, Germany November 6, 2017 ✔ REUTERS/Fabian Bimmer/File Photo During the survey period, the currency crises in Turkey and Argentina intensified, while German industrial production and incoming orders were surprisingly low in July, ZEW President Achim Wambach said ✔ Our Standards:The Thomson Reuters Trust Principles
HK stock market enters bear territory amid EM sell-off
9/11/2018, 11:09:30 AMundefined ✔ Analysts said the sell-off in technology stocks had been a big drag on Chinese markets ✔ India’s BSE Sensex index is up more than 10 per cent this year, despite the currency repeatedly hitting record lows over the past few weeks, marking it out as the best-performing main stock market in local currency terms
Cisco chief: New US tariffs on Chinese goods would be 'fairly significant' for us
9/11/2018, 8:45:09 AMCisco would have to deal with a potential new round of trade tariffs through its pricing, the company's chairman and CEO told CNBC. ✔ Cisco, along with Dell, Juniper Networks and Hewlett Packard Enterprise, reportedly issued a last-minute appeal to the Trump administration to remove some important products from being included in a potential new round of tariffs ✔ CNBC's Liz Moyer and Reuters contributed to this report
Putin hails Russia-China trust in talks with Xi
9/11/2018, 8:43:22 AMundefined ✔ The Kremlin has made a concerted effort to build stronger bonds with Beijing in recent years as relations with western countries have soured ✔ The two presidents, each flanked by a dozen of their ministers and senior aides, smiled as they greeted each other, ahead of talks that are expected to involve efforts to increase bilateral trade and investment amid US sanctions against Moscow and trade war threats against Beijing
Billionaire Ray Dalio: Trump's tariffs aren't 'that big of a deal' to China
9/11/2018, 11:48:43 AMDalio, the billionaire founder of the world's biggest hedge fund, says China is likely more concerned about its ongoing relationship with the United States. ✔ Is this going to be a relationship in which there's a sort of give and take or this going to be an antagonistic relationship ✔ A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in last month, prompting an equivalent retaliation from Beijing ✔ Dailo, according to Forbes, has an estimated net-worth of $18.1 billion
How economic guru Gary Cohn quietly became Trump’s biggest enemy
9/11/2018, 11:57:10 AMFORMER White House economic adviser Gary Cohen branded Donald Trump “a professional liar” who appeared confused by basic economics, it has been claimed. Journalist Bob Woodward’s new book Fear: Tru… ✔ However Cohn hit back, saying: Once you blow it up it may be over ✔ The statement was full of platitudes such as calling Cohn a rare talent who had done a superb job ✔ She added: We’ve got to find a way to bring him back ✔ Trump changed one word of the glowing resignation statement and approved it
Expect more China market shocks as traders figure out what they're doing, ex-central bank chief says
9/11/2018, 8:39:14 AMChina's indexes reached an all-time high in 2007 but came close to that record during the mid point of the current decade. ✔ CNBC Meanwhile, this year's stock market declines in China have been attributed to souring trade relations with the U.S. after President Donald Trump's decision to announce billions of dollars worth of tariffs on Chinese imports ✔ So the confidence is relativity low, but I don't think it's very much abnormal and it's a growing process he concluded
Singapore shares drift lower for fifth straight session
9/11/2018, 10:42:49 AMInvestors brace for next round in tariff war ✔ It's difficult to put a finger on when a snap-back may happen but the short-term trajectory is negative, she added ✔ Contract manufacturer Venture Corp. closed 1.25% lower while home-grown hardware maker Creative Technology dropped 1.38% ✔ Try 3 months for $9 Offer ends September 30th
Asian stocks drop for fifth day on mounting trade tensions
9/11/2018, 11:29:34 AMTaiwanese suppliers to Apple rebound after Monday's declines ✔ Having already introduced two rounds of tariffs on imports from China - which have been reciprocated by Beijing - U.S. President Donald Trump has signaled America's readiness to levy duties on another $200 billion of shipments from the mainland ✔ Try 3 months for $9 Offer ends September 30th
Euro rally fades despite easing Italian concerns and Brexit deal hopes
9/11/2018, 11:42:35 AMThe euro's bounce fizzled on Tuesday as a broad dip in investor appetite for risk dragged the single currency lower, offsetting recent positive sentiment toward Italian government debt before a central bank meeting later this week. ✔ Euro/dollar has come to a bit of a standstill, said Neil Mellor, a strategist at BNY Mellon ✔ Markets remain nervous - Asian and European stocks fell on Tuesday - about any U.S. move to slap fresh duties on Chinese goods and after further falls in emerging markets ✔ Our Standards:The Thomson Reuters Trust Principles
Hong Kong bear market; Japan's chip deal; Alibaba in Russia
9/11/2018, 9:20:28 AMHere's what you need to know about the markets before you start your business day. ✔ The joint venture, AliExpress Russia, will integrate Russia's key consumer internet and e-commerce platforms to become a leading social commerce joint venture in Russia, the companies said ✔ Coming this week: Tuesday UK reports its unemployment rate Wednesday Brookings Institution hosts a panel on the financial crisis, Apple announces its new products Thursday Kroger reports earnings, US consumer inflation report, European and UK central banks report interest rate decisions Friday US retail sales and consumer sentiment reports
Exclusive: In bold bet, China may let provinces set own winter...
9/11/2018, 8:56:59 AMChina is considering allowing its northern provinces to decide individual output cuts by heavy industry to rein in emissions during the winter, ditching an earlier plan for blanket cuts in a bold bet to clean the country's notoriously toxic air. ✔ The policy switch may indicate production cut rates could be lower than market expectations, said Zhuo Guiqiu, an analyst at Jinrui Futures ✔ Local authorities, especially those relying largely on heavy industry, would have less incentive to carry out output curbs if pressure from the central government eases ✔ Our Standards:The Thomson Reuters Trust Principles
U.S. stock futures stumble as investors turn cautious amid ‘September blues’
9/11/2018, 11:05:52 AMU.S. stock futures point to a weak session for Wall Street as trade worries simmer and investors grow jittery in what is traditionally weak month for stocks. ✔ This market is still waiting for the ‘other shoe to drop’ in the Sino-U ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid ✔ We Want to Hear from You Join the conversation Comment
World stocks hit by trade strain, Brexit talk supports sterling
9/11/2018, 11:24:19 AMWorld stocks slipped back towards three-week lows on Tuesday, on ongoing concerns over the trade dispute between Washington and Beijing, while the pound hovered near a five-week high on hopes of a UK-EU deal over Brexit. ✔ FILE PHOTO: A pedestrian holding an umbrella walks past an electronic board showing the graphs of the recent fluctuations of Japan's Nikkei average outside a brokerage in Tokyo, Japan, January 18, 2016 ✔ For Reuters Live Markets blog on European and UK stock markets open a news window on Reuters Eikon by pressing F9 and type in ‘Live Markets’ in the search bar Our Standards:The Thomson Reuters Trust Principles
Stocks to watch: Just Group, BP, Wetherspoon, Bayer, Ubisoft
9/11/2018, 11:07:01 AMundefined ✔ Repsol has delivered a strong turnround of the upstream business, while its downstream division will generate cash and benefit from the IMO regulations, allowing the company to grow the dividend by 8 per cent per annum to 2020, even in a $50-a-barrel environment
How the financial crisis led to the rise of Donald Trump
9/11/2018, 11:13:37 AMThe tea party movement rose from the ashes of the financial crisis. Trump, in turn, seized the momentum built by the movement. "The fringe groups are the things to look at if we want to understand what our future will look like," one historian says. ✔ Samuel Corum | Anadolu Agency | Getty Images President Donald Trump raises his fist to the crowds during the 58th U.S. Presidential Inauguration after he was sworn in as the 45th President of the United States of America in Washington, USA on January 20, 2017 ✔ He also claimed that Mexico was sending violent criminals, including rapists, to the United States
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