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Trade War - SERIES 124 {14 articles}

ECB's Draghi: Trade war chief worry for global economy

9/13/2018, 2:48:31 PM
FRANKFURT, Germany (AP) — The European Central Bank pushed forward Thursday with its plan to gradually phase out its monetary stimulus, saying it is confident in the region's grow ✔ The ECB's stimulus exit is part of a global trend: the withdrawal of stimulus from the rich world's major monetary authorities, including the U.S. Federal Reserve, the Bank of England and the Bank of Japan ✔ The governing council of the ECB will meet on Thursday


Dow opens 130 points higher, retakes 26,000 as trade-war fears appear to ebb somewhat

9/13/2018, 1:45:35 PM
undefined ✔ U.S. stocks opened higher Thursday as stocks climbed in apparent optimism centered on the prospect of fresh U.S.-China trade talks ✔ A report late Wednesday from the Wall Street Journal said that the Trump administration is giving Beijing another chance to try to stave off new tariffs on $200 billion in Chinese exports


Is China's growth story over?

9/13/2018, 1:30:39 PM
Is China already feeling the effects of increased tariffs in its trade war with the U.S.? CNBC's Xin En Lee looks at China's growth trajectory. ✔ To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser ✔ 2 Hours Ago Is China already feeling the effects of increased tariffs in its trade war with the U.S. ✔ CNBC's Xin En Lee looks at China's growth trajectory


Oil drops 2 percent from four-month highs on economic concerns

9/13/2018, 3:55:42 PM
Oil prices fell more than 2 percent on Thursday, slipping back from four-month highs as investors focussed on the risk that emerging market crises and trade disputes could dent demand even as supply tightens. ✔ The global benchmark on Wednesday hit $80.13, its highest level since May 22 ✔ U.S. light crude was down $1.62, or 2.3 percent, to $68.75 barrel ✔ [EIA/S] Yesterday’s price up surge was an overreaction to the larger-than-expected crude draw per the EIA while we also believe that today’s selloff is an exaggerated response to the IEA release, Jim Ritterbusch, president of Ritterbusch and Associates said in a note ✔ Our Standards:The Thomson Reuters Trust Principles


Watch ECB's Draghi speak as central bank leaves rates unchanged

9/13/2018, 12:21:08 PM
European Central Bank President Mario Draghi is speaking in Frankfurt after the central bank held interest rates at current levels. ✔ [The stream is slated to start at 8:30 am ET ✔ Please refresh the page if you do not see a player above at that time.] European Central Bank President Mario Draghi is speaking in Frankfurt after the bank held interest rates at current levels ✔ Traders are worried about the ramifications of an all-out trade war between the U.S. and China two of the world's largest economies in addition to America's trade disputes with other countries


Trump says there's no pressure to make China trade deal

9/13/2018, 2:44:56 PM
Trump's comment followed a report saying the U.S. has started discussions about a new round of trade talks with Beijing.  ✔ Nicholas Asfouri | AFP | Getty Images President Donald Trump speaks during a press conference with China's President Xi Jinping at the Great Hall of the People in Beijing on November 9, 2017 ✔ The two sides aim to strike an agreement and stop a trade war threatening to stifle growth in the world's two largest economies


Decade after financial crisis JPMorgan predicts next one’s coming soon

9/13/2018, 2:03:15 PM
With the 10th anniversary approaching of the catalyst for the last major global stock market crash – the Lehman Brothers’ collapse – strategists from JP Morgan are predicting the next financial crisis to strike in 2020. ✔ The shift from active to passive asset management, and specifically the decline of active value investors, reduces the ability of the market to prevent and recover from large drawdowns,  said JPMorgan’s Joyce Chang and Jan Loeys ✔ For more stories on economy & finance visit RT's business section


Investors pour $4 billion into China's latest internet IPO

9/13/2018, 12:18:07 PM
Meituan Dianping is bucking the trend of recent high-profile Chinese tech IPOs, pricing its shares near the top of the range. ✔ The Beijing startup was formed in 2015 by the merger of two smaller companies Meituan and Dianping that were viewed as China's equivalents of Groupon (GRPN) and Yelp (YELP) ✔ The company plans to use the cash from the IPO to upgrade its technology, develop new products and services, and make acquisitions and investments ✔ Our timing was not excellent, Chief Financial Officer Louis Hsieh told CNN


U.S. consumer prices increase less than expected in August

9/13/2018, 1:14:04 PM
U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing. ✔ An escalating trade war between the United States and China is expected to keep inflation high ✔ President Donald Trump last week threatened duties on another $267 billion worth of Chinese goods on top of a $200 billion tariff list that is awaiting his decision ✔ Our Standards:The Thomson Reuters Trust Principles


US consumer prices increase less than expected in August

9/13/2018, 12:48:21 PM
Despite the moderation in price increases last month, inflation pressures are steadily building up, driven by a tightening labor market and robust economic growth. ✔ An escalating trade war between the United States and China is expected to keep inflation high ✔ President Donald Trump last week threatened duties on another $267 billion worth of Chinese goods on top of a $200 billion tariff list that is awaiting his decision ✔ (Reporting by Lucia Mutikani Editing by Paul Simao)


Thursday Morning Briefing

9/13/2018, 12:47:11 PM
Good morning. Hurriance Florence creeps closer toward the East Coast, China welcomes a U.S. invitation for trade talks and global trade hopes lift shares. ✔ REUTERS/Ajay Verma HIGHLIGHTS Hurricane Florence crept closer to the U.S. East Coast, packing tropical storm-force winds across hundreds of miles that threaten the region with potentially catastrophic flooding and torrential rain ✔ WORLD My thought sitting there was that it was a show fit for a god, a tourist told Reuters as he watched the Mass Games in Pyongyang ✔ Our Standards:The Thomson Reuters Trust Principles


U.S. consumer prices rise slowly; jobless claims near 49-year low

9/13/2018, 3:55:40 PM
U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing. ✔ President Donald Trump last week threatened duties on another $267 billion worth of Chinese goods on top of a $200 billion tariff list that is awaiting his decision ✔ Washington already has slapped duties on $50 billion worth of Chinese imports, provoking retaliation from Beijing ✔ Our Standards:The Thomson Reuters Trust Principles


Trump denies pressure for trade deal as China welcomes U.S. talks...

9/13/2018, 3:21:15 PM
U.S. President Donald Trump said on Thursday that the United States was under no pressure to make a trade deal with China, even as Chinese officials welcomed an invitation from Washington for a new round of talks with more U.S. tariffs looming. ✔ Trump said last week that he also had tariffs on an additional $267 billion worth of goods ready on short notice if I want ✔ bilateral meeting at the G20 leaders summit in Hamburg, Germany July 8, 2017 ✔ REUTERS/Carlos Barria/File Photo Our Standards:The Thomson Reuters Trust Principles


We are due a recession in 2020 – and we will lack the tools to fight it | Nouriel Roubini

9/13/2018, 2:22:32 PM
Conditions will soon be ripe for a financial crisis, but governments will have their hands tied ✔ As we mark the 10th anniversary of the collapse of Lehman Brothers, there are still ongoing debates about the causes and consequences of the financial crisis, and whether the lessons needed to prepare for the next one have been absorbed ✔ And high-yield credit is also becoming increasingly expensive now that the US corporate-leverage rate has reached historic highs


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