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Trade War - SERIES 126 {23 articles}

Trade war ripples are expected throughout Southeast Asia

9/14/2018, 2:45:33 AM
As the world's two largest economies continue to wage an escalating tariff war, global trade was one of the primary topics on the agenda at the annual World Economic Forum on the Association of Southeast Asian Nations (ASEAN). ✔ Chau Doan | LightRocket | Getty Images A mechanic works at factory in Hanoi, Vietnam ✔ In fact, the city signed a trade agreement with ASEAN last November ✔ Supply chains If major economies don't resolve their trade disputes and instead descend into a long-term tit-for-tat trade conflict, then global supply chains would likely see significant disruption, experts have predicted


US using wrong reason to wage a trade war - Opinion

9/14/2018, 12:10:24 AM
undefined ✔ Some studies suggest, on average it takes 10 and a half months for a court in China to handle a patent infringement case, compared with more than five years in the United States ✔ The author is professor with the Zhongnan University of Economics and Law


Why China could withstand the trade war far longer than Trump thinks

9/14/2018, 12:56:01 AM
The president’s expectation that financial hardship will prompt Beijing to cave is misplaced, analysts said. ✔ But this year’s losses in the casino-like Chinese stock market also are nothing new the market fell by almost half over a six-month period that ended in early 2016 ✔ Optimism among small-business owners recently hit a 45-year record ✔ Danielle Paquette in Beijing contributed to this report


American casinos in Macau are safe from Chinese trade war wrath, analyst says

9/14/2018, 12:31:13 AM
American-owned casinos have contributed to China's goal of turning the former Portuguese colony into a key tourist destination. ✔ That has led to speculation it might seek to apply pressure on the U.S. in other ways, such as making it more difficult for American companies doing business in the country ✔ And I think the Chinese will probably rise above the rhetoric of the trade spat to recognize that the current competitive environment in Macau doesn't need political headwinds that would stifle investment


Dozens of retailers testified about how Trump's trade war with China could impact them - here's what they said | Markets Insider

9/13/2018, 10:33:33 PM
undefined ✔ AP Photo/ Evan Vucci The Trump administration has threatened to place tariffs on all Chinese products entering the country ✔ - Anthony Ciepiel AP Photo/Andy Wong, Pool SOG Specialty Knives & Tools Lynwood, Washington The [a]dministrative motivations are understandable


Japan's booming July machinery orders point to accelerating growth

9/13/2018, 9:43:38 PM
Japan’s core machinery orders robustly exceeded expectations in July, rebounding from the previous month’s decline and firming up the view that capital expenditure will continue to expand and boost overall economic growth. The 11.0 percent rise in core machinery orders, a highly volatile data series regarded as a leading indicator… ✔ The government and the Bank of Japan have long argued that increased capital expenditure will improve stodgy domestic demand, but business investment is closely tied to corporate sentiment and could gradually fade if companies become more cautious ✔ Separate data this month showed a modest increase in household spending amid rising real wages, offering hope that consumer spending will also support growth


China says world trade system not perfect, needs reform

9/14/2018, 2:33:34 AM
The current world trade system is not perfect and China supports reforms to it, ... ✔ Treasury Secretary Steven Mnuchin has extended an invitation to talks to his counterparts in Beijing ✔ TRUMP ADMINISTRATION SHOULD NOT BE MISTAKEN But China will not buckle to U.S. demands in any trade negotiations, the major state-run China Daily newspaper said in an editorial on Friday, after Chinese officials welcomed an invitation from Washington for a new round of talks ✔ Our Standards:The Thomson Reuters Trust Principles


China will not 'surrender' to US demands in trade talks — state media

9/14/2018, 1:28:00 AM
China will not buckle to U.S. demands in any trade negotiations, the state-run China Daily newspaper said in an editorial on Friday.  ✔ Nicolas Asfouri | AFP | Getty Images U.S. President Donald Trump and China's President Xi Jinping leave a business leaders event at the Great Hall of the People in Beijing on November 9, 2017 ✔ If the United States imposed new levies on Chinese imports then Beijing will not hesitate to take countermeasures against U.S. tariffs to safeguard China's interests, it added


US and China seek new opening on trade as tensions mount

9/13/2018, 9:33:22 PM
Shrinking room for retaliation pushes Beijing back to the table ✔ This third round and the previous two would together affect $250 billion -- around half -- of China's annual exports to the U.S., and would inevitably have a severe impact on global supply chains ✔ Beijing has said it will retaliate against Washington's third round with duties on $60 billion in American products ✔ Try 3 months for $9 Offer ends September 30th


Trump insists US under 'no pressure' to strike deal with China

9/14/2018, 1:36:25 AM
Tweet casts doubt over Mnuchin offer of renewed trade talks ✔ Beijing has said it will retaliate against Washington's third round with duties on $60 billion in American products ✔ With little room left for retaliatory tariffs and a decelerating economy on his hands, Chinese President Xi Jinping has been backed into a corner in the trade war, experts say ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th


Fast Asia Open: China retail sales, India wholesale prices

9/13/2018, 11:09:20 PM
undefined ✔ On Wall Street overnight, the S&P 500 pushed up 0.5 per cent as the technology sector rebounded while emerging market assets rallied after Turkey’s central bank raised interest rates sharply in a bid to stem the lira’s decline ✔ 10.00: China retail sales, industrial production and fixed asset investment 12.30: Japan industrial production 14.30: India wholesale price index


Equities higher in Asia despite Trump denting trade talk hopes

9/14/2018, 2:24:01 AM
undefined ✔ The US felt no pressure to make a deal, Mr Trump said via Twitter on Thursday, adding, Our markets are surging, theirs are collapsing ✔ We will soon be taking in Billions in Tariffs & making products at home ✔ Amid the flurry of reports, investors needed to separate rhetoric and actions surrounding trade, JPMorgan Asset Management strategist Hannah Anderson


8@eight: ASX set for bright finish to week as global mood lifts

9/13/2018, 9:48:30 PM
What happened overnight and what's ahead for the ASX. ✔ The BOE’s meeting was overall a non-event, with the board voting unanimously to keep interest rates on hold, as expected ✔ Market watch:  SPI futures up 26 points or 0.4% to 6157 at about 6.45am AEST AUD +0.3 % to 71.89 US cents (Day range: 71.68 to 72.29) On Wall St: Dow +0.6% S&P 500 +0.5% Nasdaq +0.8% FANG: Facebook -0.4%, Amazon flat, Apple +2.4%, Netflix -0.5%, Alphabet +1.1% In New York, BHP +0.9% Rio +0.3% Atlassian +4.3% In Europe: Stoxx 50 +0.2% FTSE -0.4% CAC -0.1% DAX +0.2% Spot gold -0.5% to $US1200.49 an ounce at 2.05pm New York time Brent crude -2% to $US78.12 a barrel US oil -2.6% to $US68.56 a barrel Iron ore +0.6% to $US68.26 a tonne Dalian iron ore +0.3% to 500 yuan LME aluminium flat at $US2065 a tonne LME copper +0.6% to $US6033 a tonne 2-year yield: US 2.75% Australia 2.03% 5-year yield: US 2.87% Australia 2.17% 10-year yield: US 2.97% Australia 2.60% Germany 0.42% US-Australia 10-year yield gap: 37 basis points This column was produced in commercial partnership between Fairfax Media and IG


Asian shares rise as China and U.S. weigh fresh talks

9/14/2018, 1:22:44 AM
Asian shares nudged higher on Friday as moves by the United States and China to ... ✔ Currency crises both in Turkey and Argentina have stoked fears of contagion over the past several weeks, hammering emerging market assets from Indonesia to India to South Africa ✔ After rising as high as 6.01 to the dollar, the lira weakened slightly to 6.1340 in early Asian trade ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles


Robert Scott, economist, says fears over Donald Trump tariffs overblown

9/13/2018, 11:51:29 PM
American consumers have not felt widespread price increases months after the Trump administration started rolling out tariffs, and economist Robert Scott says the doomsday predictions might never materialize. ✔ The duty on light trucks, which account for about 50 percent of auto sales in the U.S., was hardly mentioned before Mr. Trump started threatening Europe with tariffs on vehicles ✔ We will soon be taking in Billions in Tariffs & making products at home


Japan government more bullish on capex, eyes on U.S.-China trade row

9/14/2018, 12:34:55 AM
Japan upgraded its assessment of capital expenditure for the first time in nine ... ✔ Japan’s workforce is shrinking due to its rapidly aging population and companies across a broad range of industries are investing more in automation and IT systems to operate with fewer staff ✔ More capital expenditure should push up economic growth, but a series of retaliatory tariffs between the United States and China weighs on the outlook ✔ Our Standards:The Thomson Reuters Trust Principles


U.S. 'looking at situation' on China's Muslim crackdown: official

9/13/2018, 9:45:10 PM
The United States is looking more closely at a crackdown by China on minority Mu... ✔ The officials include Chen Quanguo, Communist Party chief in Xinjiang and also a member of the party’s politburo ✔ Any sanctions decision would be a rare move on human rights grounds by the Trump administration against China, with which it is engaged in a trade war while also seeking Beijing’s help to resolve a standoff over North Korea’s nuclear weapons ✔ Our Standards:The Thomson Reuters Trust Principles


Asian markets continue to rise, as Nikkei nears 7-month high

9/14/2018, 2:59:27 AM
Asian markets rose in early trading Friday although trade tensions between the U.S. and China lingered. ✔ Macau stocks extended their rebound while CNOOC 0883, -1.63%   pulled back 1% ✔ Chinese stocks were muted following a solid rebound yesterday ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment


The next phase of semiconductor growth will not depend on smartphone sales: CEO

9/14/2018, 1:39:08 AM
Tokyo Electron's Toshiki Kawai told CNBC that new technologies such as the so-called Internet of Things, big data and artificial intelligence will drive growth and demand in the semiconductor space. ✔ That growth came mostly from the memory chip market, where insufficient supply drove prices higher ✔ We believe AI will grow on average 67 percent between 2017 and 2022, he said, adding that artificial intelligence is ripe with areas for innovation where our production equipment and semiconductor-producing technology will be utilized


Cramer Remix: Apple's new products prove its trillion-dollar valuation is too low

9/13/2018, 11:17:53 PM
Jim Cramer explains why Apple's sustained innovation is what keeps driving its stock higher. ✔ Since late June, Cramer has watched shares of the top four U.S. railroads CSX, Norfolk Southern, Kansas City Southern and Union Pacific mount double-digit rallies ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website


Oil has steepest drop in a month as economic concerns threaten demand

9/13/2018, 8:25:24 PM
Oil prices fell more than 2 percent on Thursday, with Brent slipping back from f... ✔ The market tumbled early in the session as investors focused on the bearish elements of the IEA report, said Bob Yawger, director of energy futures at Mizuho in New York ✔ (GRAPHIC: U.S. oil production growth is stalling - reut.rs/2CPGl2p) Our Standards:The Thomson Reuters Trust Principles


Asia-Pacific stocks buoyant despite Trump dismissal of China talks

9/14/2018, 3:25:15 AM
undefined ✔ Friday 03.15 BST What you need to know Trump comments muddy trade talk prospects Extreme weather to hit Asia, US Dollar steadies after inflation hit Equities buoyant Leading quote Our markets are surging, theirs are collapsing ✔ The US dollar index, measuring the greenback against a basket of peers, was unmoved at 94.532 after slipping overnight


US business groups launch anti-tariff campaign

9/14/2018, 2:23:13 AM
A new multi-industry coalition of US businesses, agriculture groups and manufacturers launched a multi-million-dollar campaign on Wednesday to bring more attention to the harm tariffs are doing to business and the economy. ✔ Workers move pieces of sustainably sourced wood at the Urban Green furniture facility in the Brooklyn borough of New York, the United States ✔ Helfenbein said his group's products are already highly taxed at the border ✔ Our industry represents only 6 percent of all imports to the US, but we pay 51 percent of duties currently collected by the US government


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