China says it will not 'surrender' in the trade war and 'has enough fuel to drive its economy even if a trade war is prolonged'
9/14/2018, 7:49:59 AMAn editorial in the state-run China Daily paper said on Friday that China will not "surrender" in the trade war against the US. Representatives from both sides are due to meet again soon to discuss a potential resolution to the ongoing dispute. ✔ It has enough fuel to drive its economy even if a trade war is prolonged, the newspaper said in an editorial ✔ If the United States imposed new levies on Chinese imports then Beijing will not hesitate to take countermeasures against US tariffs to safeguard China's interests, it added ✔ (Reporting by Adam Jourdan; editing by Richard Pullin)
US gas exports to China are threatened by a trade war
9/14/2018, 11:10:11 AMundefined ✔ Homegrown hydrocarbons are a priority of the Trump administration ✔ Officials are doing what they can to loosen rules for drillers and ease fuel economy targets, overlooking the climate risks ✔ This comes as there are signs of a slowdown of gas shipments from the US to China ✔ That gives Beijing its own sort of freedom the freedom to choose where to buy its gas
Stocks continue to rise on hopes for trade war cease-fire
9/14/2018, 11:44:02 AMTOKYO (AP) — Global stock markets rose further on Friday on hopes that the United States and China will call time-out in their escalating trade feud. KEEPING SCORE: ✔ TOKYO (AP) Global stock markets rose further on Friday on hopes that the United States and China will call time-out in their escalating trade feud ✔ Britain's FTSE 100 also gained 0.3 percent, to 7,304 ✔ Brent crude, used to price international oils, rose 18 cents to $78.36 a barrel in London
'Nobody wins from a global trade war,' a top European industrialist warns
9/14/2018, 9:02:53 AMJim Hagemann Snabe told CNBC that escalating trade tensions between China and the United States will have a ripple effect on the global economy. ✔ Siemens: Not yet seen an impact of trade tensions 2 Hours Ago | 03:28 No one will emerge as a winner if the ongoing trade tensions between the United States and China escalate into a full-blown global trade war, one of Europe's leading industrialists warned on Friday ✔ The world's two largest economies have already applied tariffs to $50 billion of each other's goods
China 'won't surrender' to US in trade war, as investment growth sinks – business live
9/14/2018, 7:23:31 AMAll the day’s economic and financial news, including the latest on the US-China trade dispute and a Mark Carney lecture in Dublin ✔ City traders and cabinet ministers are digesting a stern warning from the Bank of England’s governor this morning ✔ The agenda: 10am BST: Eurozone trade balance for July 11am BST: Mark Carney gives the Whitaker Lecture in Dublin 1.30pm BST: US retail sales for August 3pm BST: University of Michigan sentiment data Updatedat 3.20am EDT
U.S. Automakers Are Taking Hits From Both Sides in Trump's Trade War With China
9/14/2018, 11:24:05 AMAmerican companies in China, car manufacturers in particular, are desperate to avoid more damage from escalations in the tariff dispute. ✔ This survey affirms our concerns: tariffs are already negatively impacting U.S. companies and the imposition of a proposed $200 billion tranche will bring a lot more pain, said AmCham Shanghai chairman Eric Zheng ✔ Small businesses are being hurt by the rising cost of imports from China, and many expect the next tranche would start being felt in American consumers’ wallets
BREAKING: British Steel plans 400 job cuts as firm hit by Donald Trump's global trade war
9/14/2018, 10:00:54 AMBRITISH Steel is set to cut 400 jobs. ✔ The company announced it is axing nearly a tenth of its workforce across its sites in the UK, Ireland, France and the Netherlands ✔ We’re confident these proposals will help achieve this ✔ We’ll further discuss our proposals, which would consider applications for voluntary redundancy, with senior union representatives
Trade war: American autos look to be hit the most by both US and China tariffs
9/14/2018, 7:58:24 AMSome American companies are getting hurt by new tariffs from both the U.S. and China, according to a survey released this week from AmCham Shanghai and Beijing-based AmCham China. ✔ Bobby Yip | Reuters Visitors look at Ford models at Auto Guangzhou in Guangzhou, China November 17, 2017 ✔ As a result of such business pressures, roughly half of respondents in the automotive industry said they are looking to source components or assembly outside of China and the U.S., the survey said
Rising trade war with U.S. the mere 'last push' for Japan and China to improve ties, but officials still cautious
9/14/2018, 6:13:52 AMPrime Minister Shinzo Abe and Chinese President Xi Jinping have long understood the need to improve bilateral ties for their own national interests. ✔ On Wednesday in Beijing, Hiroaki Nakanishi, the head of Keidanren, Japan’s most powerful business lobby, met with Chinese Premier Li Keqiang at the Great Hall of the People ✔ In March, China scrapped presidential term limits, allowing Xi to rule indefinitely Xi’s power is so stable that now he can advocate policies friendly toward Japan, he said
This Iowa city forged an unusual friendship with China and its president. Then came the soybean tariffs.
9/14/2018, 11:35:30 AMThe U.S.-China trade war causes angst in Muscatine, which has long celebrated its bond with Xi Jinping. ✔ Muscatine residents Sarah Lande and Dan Stein with Mayor Pengyun Sun, right, of Zhengding, Muscatine’s sister city, and other members of a Chinese delegation ✔ Robb Ewoldt, shown in a soybean field, said he is hopeful that the Trump administration’s planned $12 billion in emergency aid to farmers hurt by Chinese tariffs will help offset the drop in soybean prices
10 things you need to know before the opening bell
9/14/2018, 11:06:42 AMThis is what traders are talking about. ✔ Body surfer Andrew Vanotteren, of Savannah, Ga., crashes into waves from Hurricane Florence ✔ Goldman Sachs announces major leadership shakeup ✔ Goldman also named Stephen Scherr, the head of the consumer and commercial banking division, CFO, and CFO Marty Chavez as one of three co-heads of the securities division ✔ Japan's Nikkei (+1.2%) led the way higher in Asia and the Euro STOXX 50 (+0.2%) clings to gains in Europe
Singapore, Malaysia shares close week with small gain
9/14/2018, 11:25:23 AMInvestors turn to domestic fundamentals for cues as trade concern eases ✔ In corporate news, Malaysia's Axiata Group rose 1.3% after saying its Indonesian unit, PT XL Axiata, plans to invest up to 5 trillion rupiah ($338.24 million) to increase capacity, expand network and improve service quality ✔ Try 3 months for $9 Offer ends September 30th
European markets seen higher amid US-Sino trade talk plans
9/14/2018, 5:19:28 AMEuropean stocks are set to open higher Friday morning, after an expectedly sharp interest rate hike in crisis-hit Turkey supported the lira and global risk appetite. ✔ The news of another potential meeting between Washington and Beijing comes amid an escalating trade war between the world's two largest economies ✔ Currency crises in Turkey and Argentina have stoked fears of contagion in recent weeks, exacerbating broader negative sentiment in emerging markets
Business Live: Friday 14 September
9/14/2018, 5:12:58 AMAll the day's business news and views from the UK and beyond, as it happens. ✔ The Times reports on its front page that the Church of England uses zero-hours contracts and has invested in Amazon ✔ We'll keep on eye on Turkey and its currency after the nation's central bank raised interest rates to 24% on Thursday ✔ Plus, there will be trading updates from pub chain JD Wetherspoon and Co-operative Group
China data shows pressure building on economy despite output surprise
9/14/2018, 6:57:06 AMChina's growth looks set to cool further in coming months, with a barrage o... ✔ Fixed-asset investment growth slowed to 5.3 percent in January-August, weighed down again by slowing infrastructure growth ✔ China - an economic snapshot: tmsnrt.rs/2iO9Q6a China's slowing growth has prompted policy easing measures: reut.rs/2mF5iTc Our Standards:The Thomson Reuters Trust Principles
Turkey raising rates is 'not the solution,' Mark Mobius warns
9/14/2018, 11:31:50 AMRaising interest rates won't boost confidence in Turkey's economy, the asset manager said Friday. ✔ Our experience is that they will not make changes until their backs are against the wall, and at that time they'll call on the IMF, Mobius said ✔ He said the involvement of the Washington, D.C.-based financial organization could be the best time to invest in markets like Turkey as fiscal reforms are announced ✔ - CNBC's Sam Meredith contributed to this report
Trade talks, autos and tech help European shares to best week since...
9/14/2018, 9:06:51 AMLed by technology, autos and mining stocks, European benchmarks rose on Friday a... ✔ Chipmakers AMS (AMS.S), Infineon (IFXGn.DE), and Siltronic (WAFGn.DE) were up 2.4 to 6.3 percent ✔ STMicro (STM.MI) got an additional boost when Bank of America Merrill Lynch analysts upgraded the stock to neutral ✔ Our Standards:The Thomson Reuters Trust Principles
Pound US dollar exchange rate: GBP hits 7-week high on US dollar weakness
9/14/2018, 9:05:06 AMTHE pound has seen a minor rise against the US dollar today hitting a level of $1.313, the best exchange rate since the start of August. ✔ The pound has seen a minor rise against the US dollar today (Image: GETTY) He said: I don't think the imposition of tariffs are a wise move because it's a tax, it's a tax on the consumer ultimately ✔ Not all economists are predicting higher consumer sentiment, however, so if this reading also drops then the pound could rise against a weakened US dollar
Hyundai Motor heir to play bigger role
9/14/2018, 8:12:55 AMundefined ✔ His broad network in the global market is expected to help him overcoming the crisis ✔ His company has scouted global experts in the automotive industry as well, since it hired Peter Schreyer as head of design in 2006 ✔ Hyundai said Friday former Volkswagen brand marketing expert Cornelia Schneider will also join the company on Monday
EU envoy says 'engagement' with China is the way to solve Xinjiang...
9/14/2018, 8:49:32 AMSuspected Chinese abuses in the region of Xinjiang should be addressed through e... ✔ Officials deny mistreating Muslims there, instead saying they are putting some people through vocational style courses to prevent militancy spreading ✔ U.S. Assistant Secretary of State Manisha Singh told a congressional hearing on Thursday that Washington was weighing sanctions against Chinese senior officials and companies linked to allegations of human rights abuses there ✔ Our Standards:The Thomson Reuters Trust Principles
China to ask Wall Street for ideas on improving U.S. ties
9/14/2018, 11:32:11 AMChina will ask Wall Street firms for ways to improve ties with the United States... ✔ Chinese government officials will aim to reassure the U.S. financial firms that Beijing is genuinely receptive to their ideas, the source added ✔ The meeting comes as the United States is readying a final list of $200 billion in Chinese imports on which it plans to levy tariffs of between 10 and 25 percent in the coming days ✔ Our Standards:The Thomson Reuters Trust Principles
Russia and China forge new bonds in largest war game in decades
9/14/2018, 11:34:05 AMEstranged allies draw closer again under pressure from the US ✔ Mongolia also took part in the largest war games on Russian soil since 1981 ✔ Vostok simulates the combined forces thwarting an enemy attack, though Russia and China say the games do not target any specific nation ✔ Try 3 months for $9 Offer ends September 30th
Economist untangles economic trends in laymen's terms
9/14/2018, 10:47:31 AMundefined ✔ At the corporate level, employees of all tiers must be aware of the financial state of their respective companies to facilitate both internal operations as well as transactions with outside partners ✔ He provides real world examples such the US-China trade war, which began this year and involves new trade tariffs from both parties ✔ He has given lectures across the country and is currently a professor on Oh My School, a popular online education site
Trade hopes, tech, and Turkey bolster world stocks
9/14/2018, 10:08:33 AMShares rose around the world on Friday as expectations grew that the United Stat... ✔ FILE PHOTO: A pedestrian walks past an electronic board showing the graph of the recent fluctuations of Japan's Nikkei average outside a brokerage in Tokyo, Japan, February 3, 2016 ✔ REUTERS/Yuya Shino/File Photo On Friday, the state-run English-language newspaper China Daily said in an editorial that China would not surrender to U.S. demands and will not hesitate to take countermeasures against U.S. tariffs to safeguard China’s interests ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles
Hong Kong stocks post weekly gain despite bear market entry
9/14/2018, 9:46:21 AMLocal developers among the best performers, while drugmakers slide ✔ His comments came weeks after a scandal about substandard vaccines came to light ✔ Therefore, it will not be good for Trump in the mid-term elections, he added ✔ Emerging market assets got a boost after the Turkish central bank on Thursday raised its key interest rate to 24% to curb accelerating inflation ✔ Try 3 months for $9 Offer ends September 30th
Energy sector lifts ASX to higher week
9/14/2018, 8:02:16 AMAustralian shares have rebounded from last week's $50 billion fall to close the week higher despite some of the major financial stocks weighing the index. ✔ What moved the market Bank compliance Growing scrutiny of the major banks' conduct could lead to further civil proceedings, more customer remediation and fines, according to Morgan Stanley analysts ✔ Our new podcast series from the team behind Phoebe's Fall View episodes
Bob Woodward: 'Too many people are emotionally unhinged about Trump'
9/14/2018, 10:07:56 AMThe journalist, who has now written about nine US presidents, discusses his new book, Fear, and how he believes the media should have responded to Trump ✔ Later, Trump barks orders to fucking kill Syrian leader Bashar al-Assad, but the defence secretary, Jim Mattis, quietly disobeys ✔ More than four decades later he is still knocking on doors, still seeking the next Deep Throat, his shadowy Watergate source later revealed to be Mark Felt, second in command of the FBI
Lehman Brothers 10 years on panel | Nicky Morgan and others
9/14/2018, 11:10:01 AMOur panel of writers considers what has changed – and what still needs to ✔ Concerns were expressed in 2008 that there was a wage explosion coming, but there wasn’t ✔ What remains to be done is obviously a revolution that transforms global governance ✔ So I suppose from that perspective, yes, the world has learned the most important lesson from 2008
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