Oil prices fall on US-China trade war concerns
9/18/2018, 7:03:42 AMPresident Trump on Monday said he would impose 10 percent tariffs on about $200 billion worth of Chinese imports. ✔ The countries are the world's two largest economies ✔ However, potential supply cuts caused by U.S. sanctions on Iran, the third-largest producer among the members of the Organization of the Petroleum Exporting Countries (OPEC), are providing some support for oil prices ✔ (Reporting by Meng Meng and Aizhu Chen in BEIJING, additional reporting by Roslan Khasawneh in SINGAPORE Editing by Joseph Radford and Christian Schmollinger)
European shares little moved by U.S. trade war salvo
9/18/2018, 7:45:26 AMEuropean shares opened little changed after U.S. President Donald Trump imposed ... ✔ The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 13, 2018 ✔ Thomas Costerg, senior U.S. economist at Pictet, said ahead of the U.S. trade announcement that investors might well be prepared for it and take the view that the Trump administration had shown some restraint as it could have slapped even higher tariffs ✔ Our Standards:The Thomson Reuters Trust Principles
Japan calls for early solution to U.S.-China trade war
9/18/2018, 6:54:10 AMJapanese policymakers on Tuesday called for an early solution to the escalating U.S.-China trade war and warned of the potential damage to global growth in the wake of President Donald Trump's decision to slap new tariffs on China. Asian shares fell on Tuesday after Trump said he will impose tariffs… ✔ He said the government would scrutinise how the trade spat could affect Japanese companies, which may see sales hit if global supply chains are disrupted ✔ Motegi told reporters that he would likely make an announcement shortly on when the trade talks will be held
Oil prices fall as U.S.-China trade war clouds demand outlook
9/18/2018, 7:17:28 AMOil markets slipped on Tuesday as the latest escalation in the Sino-U.S. trade w... ✔ FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018 ✔ The growing trade dispute has hurt trading sentiment ✔ The countries are the world’s two largest economies ✔ Sanctions affecting Iran’s petroleum sector will come into force from Nov. 4 ✔ Our Standards:The Thomson Reuters Trust Principles
Analysis | Trump may prefer a trade war to a deal with China
9/18/2018, 5:15:07 AMRather than cooling tensions, Trump has opted for escalation with China. ✔ Yet experts caution that this soon will change, as the impact of additional tariffs would reverse economic tailwind created by the combination of more government spending and the hefty tax cuts ✔ We are looking forward to a more beautiful counterattack that will make American pain worse
Trade war impact on China's economy not big, but stocks, FX need to...
9/18/2018, 6:37:15 AMThe impact on China's economy from Beijing's and Washington's ong... ✔ FILE PHOTO: A Chinese national flag flutters at the headquarters of a commercial bank on a financial street in central Beijing, China November 24, 2014 ✔ European Commission Vice President Valdis Dombrovskis said at the same conference that multilateral trade systems needed to be preserved ✔ Our Standards:The Thomson Reuters Trust Principles
China could soon target practically all U.S. imports as it retaliates in trade war
9/18/2018, 4:28:48 AMBeijing has warned it will impose tariffs on $60 billion in American goods. ✔ China has maintained that it’s well positioned to withstand economic blows from the American side in a geopolitical tussle that could drag on indefinitely, even as the nation’s growth is projected to slow this year ✔ This won’t change in the near future, but it won’t work either, he said
Trump escalates trade war with Beijing, imposing tariffs on $200bn worth of Chinese goods
9/18/2018, 4:43:48 AM‘I urge China's leaders to take swift action to end their country's unfair trade practices’, says US president
Trump hits China with fresh tariffs, threatens more if Beijing retaliates
9/18/2018, 6:29:06 AMWASHINGTON/TIANJIN--U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 pe ✔ We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly, Trump said in his statement ✔ Most of our member companies are 'in China, for China'--selling goods to Chinese companies and consumers, not to Americans--and thus ultimately boosting the U.S. economy, Jarrett said
US-China tariffs: What's behind them, who stands to be hurt?
9/18/2018, 5:42:00 AMWASHINGTON (AP) — By imposing tariffs on $200 billion more in Chinese goods starting next week, President Donald Trump has intensified his trade war with Beijing and triggered the ✔ Beijing has said it will swiftly retaliate against American exporters a move that stands to hurt U.S. farmers and other companies that sell their products to China ✔ Beijing may also raise obstacles for U.S. companies to do business in China ✔ Here's a look at what's happening and its likely impact
Business Live: Tuesday 18 September
9/18/2018, 5:05:59 AMAll the day's business news and views from the UK and beyond, as it happens. ✔ Posted at 5:035:03 Good morning! Ben Morris Business reporter Welcome to Tuesday's Business Live page ✔ We'll keep an eye on the pound, which had a decent start to the week helped by reports of progress on Brexit ✔ Plus, SpaceX announces the first passenger for its monster space rocket
American business group says Beijing will 'dig its heels in'
9/18/2018, 7:30:51 AMBEIJING (AP) — The American Chamber of Commerce in China says Beijing will "dig its heels in" after U.S. tariff hikes and appealed for a negotiated end to their trade battle. ✔ The chamber chairman, William Zarit, said in a statement, Contrary to views in Washington, China can and will dig its heels in and we are not optimistic about the prospect for a resolution in the short term ✔ The chamber appealed to both governments for results-oriented negotiations
China vows 'counter-measures' to US tariff hike
9/18/2018, 7:58:27 AMBEIJING (AP) — China said Tuesday it will take "counter-measures" to U.S. President Donald Trump's decision to raise tariffs on $200 billion of Chinese imports and an American bus ✔ BEIJING (AP) China said Tuesday it will take counter-measures to U.S. President Donald Trump's decision to raise tariffs on $200 billion of Chinese imports and an American business group warned a downward spiral in their trade battle appears certain ✔ The American Chamber of Commerce in China warned Washington is underestimating Beijing's determination to fight back
China still the 'most attractive' among emerging markets: UBS
9/18/2018, 6:44:49 AMThe impact on the Chinese economy from the trade tariffs will be small, and China markets are still attractive despite slumping this year, said the chairman of UBS's Greater China investment banking arm. ✔ The latest tariffs are set to escalate the trade conflict between the world's two largest economies, with China already threatening to retaliate against new duties ✔ she asked, adding that the trade war will not benefit either side ✔ The best solution, she said, would be still for both countries to negotiate
Schwab: China has key role in world cooperation
9/18/2018, 6:22:07 AMChina has a leading role in the global transformation towards new development models, characterized by technological innovation and based on intangible and digital assets, Klaus Schwab, founder and executive chairman of the World Economic Forum, said in a speech at Nankai University in Tianjin on Tuesday. ✔ China has a leading role in the global transformation towards new development models, characterized by technological innovation and based on intangible and digital assets, Klaus Schwab, founder and executive chairman of the World Economic Forum, said in a speech at Nankai University in Tianjin on Tuesday ✔ Some countries are against globalization, but we have to support a more globalized community for cooperation, he added
China says U.S. unilateralism, protectionism will hurt global economy
9/18/2018, 4:12:01 AMChina's commerce minister told representatives of foreign firms on Monday that the Washington's unilateralism and protectionism will impact both U.S. and China's interests and hurt the global economy. ✔ Alex Wong | Getty Images News | Getty Images U.S. President Donald Trump holds his fist up during a Hispanic Heritage Month Celebration at the White House ✔ China will accelerate its opening up and create a better business environment for companies, Zhong was quoted as saying
China's tech boom leaves wide rich-poor chasm
9/18/2018, 6:00:53 AMWealthy grow wealthier while millions are trapped in low-level jobs ✔ Zoom in on the figures and you will find an even more worrisome picture ✔ Andy Xie, an independent economist in Shanghai and former head of Morgan Stanley's Asia-Pacific economics team, argues against the very nature of these internet-based services ✔ Try 3 months for $9 Offer ends September 30th
US trade and a tale of two Chinas
9/18/2018, 5:29:55 AMIs China an unfair player deserving of the US trade penalties or a deeply misunderstood victim? ✔ He said the trade tensions have had already had an impact on the treatment American businesses get in China ✔ Given the diametrically opposing views Washington and Beijing have of their problems, this trade war is unlikely to get better before it gets worse - for them, or for any of us
India to delay retaliatory tariffs on US goods till November
9/18/2018, 6:00:58 AMIndia's decision to further delay trade tariffs on the U.S. comes as the two countries negotiate a package to remove trade frictions over a range of items. ✔ The agreement had been stalled for years because of India's concerns that it would open up its communications network to the U.S. military ✔ Separately, Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports
India delays imposition of retaliatory tariffs on U.S. goods till...
9/18/2018, 4:39:31 AMIndia has delayed the implementation of higher tariffs on some goods imported fr... ✔ The agreement had been stalled for years because of India’s concerns that it would open up its communications network to the U.S. military ✔ Separately, Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports ✔ Our Standards:The Thomson Reuters Trust Principles
Asian shares rebound even as Sino-U.S. trade tensions intensify
9/18/2018, 7:02:51 AMAsian shares rebounded on Tuesday as Chinese markets proved resilient to a new r... ✔ The South China Morning Post newspaper reported, citing an unidentified source in Beijing, that China was reviewing an earlier plan to send a delegation headed by Liu He to the United States, and was now unlikely to go back to the negotiating table ✔ Our Standards:The Thomson Reuters Trust Principles
China says it will retaliate after Trump imposes fresh tariffs
9/18/2018, 7:45:25 AMChina said on Tuesday it has no choice but to retaliate against new U.S. trade t... ✔ U.S. Treasury Secretary Steven Mnuchin last week invited top Chinese officials to a new round of talks, but thus far nothing has been scheduled ✔ We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly, Trump said in his statement ✔ Our Standards:The Thomson Reuters Trust Principles
US hits China with 10% tariffs on $200bn of goods
9/18/2018, 7:13:39 AMEscalation threatens to sabotage new round of trade talks ✔ Rajiv Biswas, Asia-Pacific chief economist at IHS Markit, said the immediate impact of the 10% tariff rate will be limited because it will be offset by the depreciation of the Chinese yuan against the U.S. dollar ✔ Try 3 months for $9 Offer ends September 30th
China's yuan down as U.S. fires fresh trade salvo; stimulus hopes...
9/18/2018, 6:37:14 AMChina's yuan currency edged lower on Tuesday after U.S. President Donald Tr... ✔ Chinese infrastructure stocks .CSI300II jumped over 2 percent in afternoon trading, reflecting hopes that Beijing will accelerate investment on tollways and bridges to counter the negative impact from trade frictions ✔ Our Standards:The Thomson Reuters Trust Principles
Why lines are drawn over the fate of EM local currency bonds
9/18/2018, 7:16:17 AMundefined ✔ However, others think EM currencies may be near the bottom ✔ This might explain the resiliency of retail flows during the August EM sell-off ✔ I think there is no other possible response from China [to the imposition of greater tariffs on Chinese goods by the US] than to let the currency go down
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