Trade war concerns underpin dollar gains
9/12/2018, 8:00:20 AMThe dollar consolidated gains on Wednesday as markets remained cautious about trade talks between the United States and Canada, as protracted weakness in China's currency weighed on sentiment. ✔ Two Canadian sources said overnight Ottawa was ready to offer the United States limited access to the Canadian dairy market as a concession in negotiations to remake the North American Free Trade Agreement ✔ Our Standards:The Thomson Reuters Trust Principles
Gold prices slip on U.S.-Sino trade war fears
9/12/2018, 2:27:55 AMGold prices nodded further down on Wednesday after seeing two-week lows in the prior session, as worries over a potential escalation on the U.S.-China trade war continued to weigh. ✔ China told the World Trade Organization on Tuesday it wanted to impose $7 billion a year in sanctions on the United States in retaliation for Washington's non-compliance with a ruling in a dispute over U.S. dumping duties ✔ Silver hit its lowest since January 2016 at $13.90 on Tuesday
Vietnam could be a 'winner' from the US-China trade war
9/12/2018, 4:51:53 AMVietnam could benefit from the China-U.S. trade war in terms of a potential diversion in foreign direct investment into the country as a result of cost pressures caused by tariffs, says Bill Stoops of Dragon Capital. ✔ Maike Elan | Bloomberg | Getty Images Motorcyclists pass vendors selling food in a market at night in Ho Chi Minh City, Vietnam, on Wednesday, June 20, 2018 ✔ Stoops said Vietnam's exports to America were too low-end for the U.S. to even care ✔ A currency with 'very sound macro underpinning' Recent weeks have seen emerging market currencies taking a hit over fears of contagion from crises in Turkey and Argentina, with the Indonesian rupiah among the hardest hit, falling to a two-decade low against the dollar in early September
Asian exports face headwinds from US-China trade war: PMI survey
9/12/2018, 7:12:04 AMOverseas demand weakens as August index for ASEAN falls to 20-month low ✔ The tit-for-tat tariffs began in July, with tensions worsening in late August as the world's two biggest economies hit each other with new tariffs on $16 billion worth of goods ✔ The administration of U.S. President Donald Trump is expected to levy another set of tariffs soon ✔ Try 3 months for $9 Offer ends September 30th
China's President Xi criticises protectionism as trade war fears swirl – business live
9/12/2018, 7:17:38 AMAll the day’s economic and financial news, as Chinese leader calls for Asian states to unite against US protectionist trade policies ✔ Chinese and Russian relationships are at all times high level ✔ Traders will also be watching the oil price, as hurricane Florence approaches the US coast ✔ The agenda 10am BST: Eurozone industrial production figures for July 3.30pm BST: US crude oil inventory figures Updatedat 3.14am EDT
Beijing is holding firm, but many Chinese firms acknowledge they're worried about the trade war
9/12/2018, 6:09:12 AMBeijing has maintained a resolute stance in the face of U.S. tariff threats, but many Chinese companies are acknowledging that their businesses could be hit by the ongoing trade war. ✔ Yen Nee Lee | CNBC ICBC Bank's ATMs at a subway station in Shanghai, China ✔ The company did note it expects increased demand in China and Europe to offset any drop in exports to the U.S. The firm also said it has a factory in the U.S. that accounts for about 15 percent of total sales
Business Live: Wednesday 12 September
9/12/2018, 5:14:20 AMAll the day's business news and views from the UK and beyond, as it happens. ✔ That was its highest level since January 2010, according to media reports ✔ It's Google and Facebook versus the music and news industries today, as the European Parliament votes on copyright laws ✔ And Ryanair has cancelled 150 flights to and from Germany because of a strike by pilots and cabin crew
Trump's rhetoric may lead to fairer global trade: Allianz's El-Erian
9/12/2018, 4:30:32 AMThe trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group, Europe's largest insurer. ✔ Q: Do you see China taking the extreme step of dumping U.S. bonds and taking a harder stance on its currency to arm-twist on trade issues ✔ ((This interview was conducted in the Reuters Global Markets Forum, a chat room hosted on the Eikon platform.)) Our Standards:The Thomson Reuters Trust Principles
Asia stocks fall to 14-month lows as trade concerns simmer
9/12/2018, 5:53:23 AMAsian stocks slipped to 14-month lows on Wednesday with investor confidence chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict. ✔ But I suspect the destination will be less so, Mohamed A ✔ El-Erian expects the United States to eventually secure trade concessions ✔ In currencies, the dollar index against a basket of six major currencies was 0.1 percent lower at 95.174 .DXY, handing back the previous day’s modest gains ✔ Our Standards:The Thomson Reuters Trust Principles
Luxury goods maker Hermès posts 17% rise in profit
9/12/2018, 6:37:26 AMundefined ✔ Investors are watching closely to see if a two-year boom in luxury goods is slowing down amid fears about protectionism and a global trade war that could impact consumer sentiment ✔ Referring to sales in the third quarter, Mr Dumas said: There has not been any change in trend so far
Who can take more pain in Trump's deranged game of chicken with China?
9/12/2018, 2:09:47 AMThe US and China are on a combustible escalation path that can end only when there's economic blood on the floor. Both think they can withstand the longer siege. ✔ If Mr Trump goes ahead with sanctions on $US200 billion ($281 billion) of Chinese exports this week, followed by the final $US267 billion already threatened, he will be shutting down the Sino-American nexus of Pacific trade ✔ Our new podcast series from the team behind Phoebe's Fall View episodes
Boeing works to resolve 737 supplier bottleneck
9/12/2018, 2:07:44 AMundefined ✔ Safran, the French engine maker, said it planned to have deliveries back on schedule by year-end for both Boeing and for rival Airbus ✔ Across its full product range which includes the 787 Dreamliner and the 777 as well as the 737 Boeing delivered 64 aircraft in August, up from 39 in July
U.S. Businesses Ramp Up Lobbying Against Trump’s Tariffs
9/12/2018, 4:16:22 AMFrom California apple growers to Maine lobstermen, businesses are joining forces to persuade President Trump that tariffs are hurting U.S. industries. ✔ Every sector of the U.S. economy stands to lose in a trade war, said Matthew Shay, president of the National Retail Federation ✔ These guys want to sell lobsters, they don’t want to be wasting their time lobbying members of Congress, said Annie Tselikis, the executive director of the Maine Lobster Dealers’ Association ✔ Appeared in the September 12, 2018, print edition as 'Industries Join in Lobbying to Halt Tariffs.'
Putin takes another swipe at protectionism, 'sanctions, bans and political bias'
9/12/2018, 5:55:46 AMRussian President Vladimir Putin take another thinly veiled swipe at Trump's economic policies at the Eastern Economic Forum (EEF) in Vladivostok, Russia. ✔ Putin said Wednesday that Russia and its eastern economic partners should work to keep trade free of barriers ✔ This will increase the stability of banking services for export-import amid continuing risks in global markets, Putin said after talks, Russian news outlets reported
Dollar dips as Canada and U.S. hold trade talks
9/12/2018, 2:45:45 AMThe dollar slid on Wednesday after Canada indicated overnight that a compromise could be made to the U.S., as the two countries continue to hold talks on the future of the North America Free Trade Agreement. ✔ China's offshore yuan traded 0.1 percent weaker at 6.8830 per dollar after slipping to a 2-1/2 week low of 6.8870 during the previous session ✔ You can't deny that emerging markets have fallen and that has weighed on sentiment, and that has probably pushed a lot of flows to the U.S. and the dollar, said Bart Wakabayashi, Tokyo branch manager at State Street Bank ✔ Against the Japanese yen, the dollar fell 0.14 percent to 111.49 yen
Christine Lagarde rules out any top jobs in the EU
9/12/2018, 4:35:26 AMundefined ✔ She would also be the first woman appointed to head the commission or the ECB ✔ One is Benoît Coeuré, a member of the ECB’s executive board, and the other is François Villeroy de Galhau, the governor of the Bank of France ✔ But other candidates are also in the fray, including Klaas Knot, the president of the central bank of the Netherlands, and Philip Lane, president of Ireland’s central bank
Cars, Pigs and Handset Parts: Three Firms Show Troubles For Chinese Stocks
9/12/2018, 5:41:21 AMMost Asian stock indexes dropped including Hong Kong’s benchmark stock index, which had already dipped into bear-market territory. The index’s worst-performing stocks show the breadth of the challenges facing Chinese markets. ✔ Hong Kong’s Hang Seng declined 0.5%, Japan’s Nikkei 225 fell 0.4%, and the Shanghai Composite Index retreated 0.3% ✔ The index’s worst-performing stocks show the breadth of the challenges facing Chinese markets ✔ On Saturday, President Donald Trump called again on Apple Inc
China August investment, retail data to highlight soft domestic demand
9/12/2018, 6:49:34 AMChina is expected to report investment growth hovered at record lows in August and retail sales were among the weakest since 2003, reinforcing views that domestic demand remains soft and leaving the economy more vulnerable to U.S. trade pressure. ✔ But business surveys show factory orders are cooling as Beijing’s tough pollution curbs continue to take a toll on production and the U.S.-China trade war escalates ✔ Manufacturing activity in the key export province of Guangdong shrank for the first time since March 2016 ✔ Our Standards:The Thomson Reuters Trust Principles
Dollar dips on U.S.-Canada talks, markets still nervous over trade...
9/12/2018, 4:24:01 AMThe dollar fell on Wednesday as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement, though lingering anxiety over U.S.-China trade tensions weighed. ✔ Still, anxiety over the trade dispute between China and the United States - the world’s top economies - kept many investors on edge ✔ China's offshore yuan CNH=D3 traded 0.1 percent weaker at 6.8857 per dollar after hitting a fresh 2-1/2 week low of 6.8888 ✔ Our Standards:The Thomson Reuters Trust Principles
Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B
9/12/2018, 1:54:11 AMThe U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE listing to $1.5 billion after it released a price range for its shares. The company plans to sell 184 million shares between $6.25-$8.25. That range would yield… ✔ That range would yield a total raise of $1.518 billion, which is down from the initial target of $1.8 billion from the firm’s first filing in August ✔ Also, however, it may also be related to general concerns around China ✔ Chinese Tesla rival Nio files to raise $1.8 billion in US IPO
Hong Kong stocks slip further into bear market amid trade woes
9/12/2018, 5:44:30 AMANTA slides after making offer for Finnish owner of Wilson Sporting Goods ✔ The gauge entered a technical bear market on Tuesday as it closed more than 20% below an all-time high it reached in January ✔ China Construction Bank and Industrial & Commercial Bank of China shed 1.6% and 1.7%, respectively, by noon on Wednesday ✔ The stocks are down 8.3% and 7.1% for the month so far ✔ Try 3 months for $9 Offer ends September 30th
Abe, Xi agree to boost bilateral ties to mark friendship treaty anniversary
9/12/2018, 7:12:27 AMJapanese Prime Minister Shinzo Abe and Chinese President Xi Jinping agreed Wednesday to improve bilateral ties further as this year marks the 40th anniversary of the signing of a bilateral peace and friendship treaty. Aiming to bring closer the two regional powers whose ties have often been frayed by issues… ✔ Security Council resolutions on North Korea to realize the shared goal of prompting the country to give up its nuclear weapons and ballistic missiles, Nogami said ✔ Chinese Premier Li Keqiang visited Japan in May, the first visit by a Chinese premier in seven years, to attend a trilateral summit also attended by South Korean President Moon Jae In
Wednesday briefing: 3.5 million can bank on help to save
9/12/2018, 5:50:01 AMPeople on low incomes get 50p for every £1 put away … ‘I’ll make a nice juicy steak out of you’ … and our regular midweek catch-up ✔ Top story: Saving scheme launches after years of delay Hello, Warren Murray again with the news to tide you over for a while ✔ The message of the study is moderation, says researcher Mahshid Dehghan ✔ Sign up The Guardian morning briefing is delivered to thousands of inboxes bright and early every weekday
>>> Open This Series
Comments
Post a Comment