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Trade War - SERIES 133 {12 articles}

China won't just play defense in trade war, Global Times says

9/17/2018, 3:52:51 AM
China will not be content to only play defense in an escalating trade war with t... ✔ China Daily via REUTERS It is nothing new for the U.S. to try to escalate tensions so as to exploit more gains at the negotiating table, the Global Times, which is published by the ruling Communist Party’s People’s Daily, wrote in an editorial on Monday



China is the 'bigger risk' in trade war, not Trump: CEO

9/17/2018, 3:10:36 AM
The U.S. president is used to compromising in deal-making but it remains to be seen whether China can do the same, according to Martin Gilbert, co-chief executive of Standard Life Aberdeen. ✔ If that takes place, Chinese President Xi Jinping's administration may not want to participate in bilateral talks, The Wall Street Journal announced on Sunday ✔ China's very clever at getting you in and probably making sure you don't make too much money, he said



'A little bit of fear' about trade war is holding back investment, says bank CEO

9/16/2018, 10:47:12 PM
"I'd say there's a little bit of fear, or lack of confidence, that's causing people to hold back on investments — in particular, investments that would further complicate global supply chains," said Bill Winters, group CEO at Standard Chartered Bank. ✔ Qilai Shen | Bloomberg | Getty Images Bill Winters, chief executive officer of Standard Chartered Bank ✔ For its part, Beijing warned that it would retaliate ✔ Recently, Bank of England Governor Mark Carney warned of dire consequences for a disorderly Brexit, suggesting that it could lead to economic chaos, a crash in the property market and rise in inflation and unemployment in the U.K



Why President Trump will keep escalating the trade war with China until after the midterm elections

9/16/2018, 9:47:42 PM
De-escalating the trade fight with China before current economic tailwinds are reversed would not only make economic sense but also put Trump in a strong position for re-election. ✔ While , there are several options for the implementation, ranging from different tariff rates for different sectors as happened with steel (25%) and aluminum (10%) to gradual implementation, as with on the basis of China’s discriminatory and unfair practices and policies related to technology transfer, intellectual property and innovation



The next crisis could be triggered by the US-China trade war, interest rates: Sovereign wealth chief

9/17/2018, 1:19:48 AM
The trade war between the U.S. and China isn't easily resolved, according to Heenam Choi, CEO of the Korea Investment Corporation.  ✔ A so-called liquidity squeeze is essentially when economic conditions in a country become too tight, and borrowing becomes more difficult, driving down consumption and investments, and ultimately hitting economic growth ✔ Choi said that if the trade dispute escalates and Chinese exports are severely affected by U.S. tariffs, then that would ultimately affect South Korea's own exports ✔ emerging markets are very prepared in terms of (having a) safety net, he said



Tell us what you think: What car model best describes stock markets right now?

9/17/2018, 3:38:39 AM
The outlook for equity markets remains uncertain as the U.S.-China trade war continues to weigh on investor sentiment with no clear end in sight. ✔ The uncertainty on the trade front comes as the global economy continues to grow overall, with the U.S. Federal Reserve and other central banks expected to tighten monetary policy as they move out of quantitative easing ✔ Some Asian currencies have been affected, such as the Indonesian rupiah which slid to its weakest level in more than 20 years, and the Indian rupee also took a hit



Japan on track for biggest M&A spree in the US

9/16/2018, 11:24:17 PM
undefined ✔ One senior M&A banker in Tokyo, currently involved in a Japanese acquisition in the US, said: Japanese companies do not need much to be convinced this is a sweet spot they believe they are perceived as a safe buyer by the US authorities ✔ IDT and Renesas each looked into the situation and both of us were convinced that the risk is small enough, said Bunsei Kure, the chief executive of Renesas



US tilting at windmills to reduce deficit - Opinion

9/16/2018, 11:57:20 PM
undefined ✔ This resulted in the perennial trade deficit of the US ✔ The author is a columnist and political analyst with The Manila Standard ✔ He is also the author of several books, including Labor-only Contracting in a 'Cabo' Economy, which is listed by leading book distributors as one of best selling books on outsourcing



Vanguard fund closure the latest sign of apathy towards gold

9/17/2018, 3:34:56 AM
undefined ✔ The Philadelphia Stock Exchange Gold and Silver index has lost 25 per cent year to date ✔ But there is value there if you believe inflation is coming and the Fed is running at the end of its curve in terms of hikes in the next six months ✔ Volatility and fear is also extremely complacent in the markets



Blackstone billionaire: I don't see an economic downturn anywhere on the horizon

9/16/2018, 11:24:08 PM
Tony James, executive vice chairman at the Blackstone Group, said he does not see the same "kind of excess and lack of risk systems, and the interconnectedness" that characterized the global financial crisis a decade ago. ✔ There's nothing on the horizon that's indicating the next financial crisis is going to happen anytime soon, according to Tony James, executive vice chairman at the Blackstone Group ✔ So, this may be a return to normalcy, not a change to normalcy, he said



Duterte's nostalgia economics will end badly for Philippines

9/16/2018, 10:08:28 PM
Manila needs a reformer, not an old-school strongman ✔ Ferdinand Marcos Jr., known as Bongbong, is a former senator angling for a return to power ✔ This ghosts-of-indictments-past cycle is hardly serving 103 million Filipinos well ✔ China's rise is an unprecedented threat to complacent economies ✔ Try 3 months for $9 Offer ends September 30th



8@eight: ASX poised to edge higher at open

9/16/2018, 10:02:56 PM
What happened overnight and what's ahead for the ASX. ✔ The yield on benchmark 10 Year Treasuries tipped above 3 per cent on Friday, while the 2 Year equivalent climbed to new multi-year highs around 2.78 per cent, taking the spread between those two assets back to 22 points ✔ Market watch:  SPI futures up 6 points to 6180 as of 5.35am AEST Monday AUD -0.6% to 71.53 US cents (YTD return -8.4%) On Wall S: Dow +0.03% S&P 500 +0.03% Nasdaq -0.05% In New York, BHP +0.8% Rio +0.5% Atlassian +0.8% In Europe: Stoxx 50 +0.3% FTSE +0.3% CAC +0.5% DAX +0.6% Spot gold -0.6% to $US1194.85 an ounce in New York Friday Brent crude -0.1% to $US78.10 a barrel US oil +0.6% to $US68.98 a barrel Iron ore -0.8% to $US67.68 a tonne Dalian iron ore +0.6% to 505 yuan LME aluminium -1.1% to $US2043 a tonne LME copper -1% to $US5973 a tonne 2-year yield: US 2.78% Australia 2.02% 5-year yield: US 2.90% Australia 2.16% 10-year yield: US 3% Australia 2.60% Germany 0.45% US-Australia 10-year yield gap: 40 basis points This column was produced in commercial partnership between Fairfax Media and IG



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Trade War - SERIES 68 {13 articles}

Chinese soy buyers tour U.S. farm as trade war drags on A delegation of Chinese soybean importers toured a Missouri farm on Tuesday, climbing one-by-one into the cab of a John Deere combine before loading into a bus for a quick drive to a nearby soybean field to eye nearly ripe soy plants. ✔ Even small deals for U.S. soybeans to China may be elusive during this week’s gathering ✔ This week it will be very difficult to finalize any business, but we can talk the market and exchange views on the market, said a Chinese buyer for a top-five crusher in the country ✔ Our Standards:The Thomson Reuters Trust Principles Jack Daniel's maker is planning to raise prices because of tariffs The trade war is coming for American bourbon. ✔ Chief Operating Officer Lawson Whiting explained that in the past few months, the company was able to offset much of the tariff burden with extra profit from the new tax law ✔ Notably, cars could end up costing thousands of dollars more than they do no...