How to Hedge a Trade War
9/19/2018, 5:10:12 PMLess trade means fewer shipping pallets, which is bad for China Merchants Group’s Loscam. So if China Merchants wants to sell the company, it better do so quickly. ✔ China is pushing back against the U.S. in the growing trade dispute between the two countries ✔ Less trade means fewer pallets, which is bad for Loscam, whose business runs across Asia and Australia ✔ Loscam prides itself on recycling its pallets; a new buyer might end up with a lot of sawdust on its hands
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Trade war could put brakes on US bikers
9/19/2018, 7:44:02 PMThe bicycle industry has a new tariff problem ✔ We’ve looked at manufacturing in the US, but it’s just not possible ✔ Without this action by the President, we will be at an extreme disadvantage through no fault of our own, Fortune wrote ✔ Foreign manufacturers will have cost advantages that will be difficult to overcome
'Deeply disturbing': Ken Henry's warning on Trump's trade war
9/19/2018, 7:17:23 PMThe intensifying trade war has sparked warnings about the local impact. ✔ So let's not kid ourselves, what Donald Trump says about China, and what China says about Donald Trump does have an effect here and Australia wants to see more vigilance protecting Australian jobs ✔ Local investors were relieved that the latest escalation was less severe than some market participants had expected, with the ASX hitting a two-week high on the back of a surge from miners with exposure to China
How investors can stay smart in a 'noisy' trade war
9/19/2018, 7:26:10 PMTrade tensions will be defused eventually. Investors should think long term. ✔ I think this is something that will get resolved in the next 12 months ✔ Hosted by CNNMoney editor-at-large Richard Quest and CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts ✔ If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon
European companies DEMAND answers from Beijing as US trade war intensifies
9/19/2018, 5:31:55 PMEUROPEAN companies in China are demanding answers about the likely impact of punitive US trade tariffs on their businesses. ✔ Donald Trump and Chinese president Xi Jinping (Image: AFP/GETTY) The EU Chamber of Commerce in Beijing said members were becoming increasingly frustrated at the lack of clear information from trade officials ✔ A poll taken before the latest spat showed 10 percent of EU companies manufacturing or subcontracting their products in the US or China for the other country want to relocate relevant parts of their production from China or the US
Over 70% of US companies in China feel pain of trade war
9/19/2018, 5:39:11 PMBusiness council warns tariffs will wreak havoc on supply chains ✔ The president of the U.S.-China Business Council, Craig Allen, urged Washington and Beijing to seek solutions through negotiations rather than tariffs ✔ On Monday, the White House announced additional 10% tariffs on $200 billion of Chinese imports, due to take effect Sept ✔ 24, prompting Beijing to answer by preparing duties on $60 billion of U.S. goods ✔ Try 3 months for $9 Offer ends September 30th
US Chamber chief says Trump can still avoid a damaging trade war
9/19/2018, 4:24:59 PMTalks to update NAFTA, which U.S. President Donald Trump says is unfair to the United States, have been bogged down amid disagreements between Canadian and U.S. negotiators. ✔ No, I don't think the tariffs will be permanent, Donohue said, adding that this would screw the economy in ways similar to the 1930s Smoot-Hawley Tariff, referring to a protectionist law that raised thousands of U.S. tariffs and which many economists believe exacerbated the Depression
Five market experts tell investors how to handle the US-China trade war
9/19/2018, 4:27:19 PMHere's what five experts told CNBC about how investors should be positioning themselves in the trade war. ✔ We actually favor stocks over bonds at this point, and we do see some upside in the large-cap stocks through the end of the year, Well Fargo's Tracie McMillion told CNBC on Tuesday ✔ We feel like they've borne the brunt of this trade negotiation so far and the valuations look really attractive on a price-to-cash flow basis
7 ways to invest in the automation megatrend
9/19/2018, 4:46:17 PMThese automation stocks trump any trade war. ✔ Not only is da Vinci great for patients, since less-invasive procedures reduce infection risk and speed healing, but it’s also a boon to investors ✔ Create an email alert for Jeff Reeves’s MarketWatch columns here ✔ We Want to Hear from You Join the conversation Comment
China's exporters could quickly ditch U.S. market, says ex-central...
9/19/2018, 5:09:03 PMThe direct economic impact on China of the trade war with the United States appe... ✔ On Tuesday, Beijing added $60 billion of U.S. products to its import tariff list in retaliation for U.S. President Donald Trump’s planned levies on $200 billion of Chinese goods ✔ The country was changing its growth strategy, and needed a new economic motor to take over from the trend of urbanization as the major ingredient in economic growth, said 70-year-old Zhou ✔ Our Standards:The Thomson Reuters Trust Principles
China strikes back by going after America's energy companies
9/19/2018, 6:11:24 PMLiquified natural gas is a fast-growing industry, and China's retaliatory tariffs will hurt. ✔ China even marked President Donald Trump's visit to Beijing last fall by agreeing to invest as much as $43 billion into an LNG project in Alaska ✔ Tariffs less than feared Now, the tariffs will likely price US LNG out of the Chinese market, according to S&P Global Platts ✔ We expect to sell meaningful amounts of LNG into China over the long term
The London Report: Rebound for copper boosts miners
9/19/2018, 4:33:40 PMundefined ✔ Unless imminent global recession is your base case, European mining equities screen cheap, said JPMorgan Cazenove, which advised clients to buy Anglo American and Rio Tinto ✔ Kingfisher hit a six-year low after the B&Q owner posted a sharper than expected drop in interim earnings and complained that tough market conditions were making its simplification programme more tricky
Nikkei hits 8-month high on some solace in trade spat
9/19/2018, 4:28:14 PMJapanese equities favored over US and Chinese stocks ✔ The Dow rose only 4% over that period, while the Shanghai Composite Index slumped nearly 15% ✔ Higher tariffs tend to drive up prices, which could spur the U.S. Federal Reserve to accelerate interest rate hikes to curb inflation ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
Dollar slips vs. euro, Aussie as investors discount trade tensions
9/19/2018, 4:53:02 PMThe U.S. dollar edged lower against the euro and fell to the lowest in nearly th... ✔ But Washington’s new duties were set at 10 percent for now, before rising to 25 percent by the end of 2018, rather than an outright 25 percent, as some market participants had feared ✔ Traders also kept an eye on Brexit-related news out of Salzburg, Austria, where British Prime Minister Theresa May was meeting with European Union leaders at a summit ✔ Our Standards:The Thomson Reuters Trust Principles
Alibaba steps up push into chipmaking and quantum computers
9/19/2018, 5:10:41 PMundefined ✔ Together with similar steps at IBM, Alibaba’s move adds grist to the belief that the first practical quantum machines, capable of outperforming today’s most powerful supercomputers, are on the horizon ✔ Even for Alibaba and its peers, it’s a long way to go, said one capital markets lawyer who works with tech companies
Trade talk hopes drive European shares up as miners and autos shine
9/19/2018, 4:19:06 PMA rally in European shares extended for a second day on Wednesday thanks to gain... ✔ A source said Linde was set to sell additional assets to a consortium of Messer Group GmbH and CVC Capital Partners for about $200 million, moving closer to U.S. antitrust approval for the deal ✔ Belgian biopharma firm Argenx (ARGX.BR) sank 11.8 percent to the bottom of the STOXX 600 after a share offering ✔ Our Standards:The Thomson Reuters Trust Principles
China and U.S. energy officials tout cooperation, despite tariffs
9/19/2018, 5:25:57 PMEnergy trade with China will remain strong in the long term, officials said on W... ✔ While energy officials on Wednesday did not specifically refer to the trade war in opening remarks, some U.S. government representatives were initially concerned that the Chinese delegation might not show for the event after some members of the National Energy Administration of China missed an event Tuesday evening, a person familiar with the matter said
Stocks rally for a second day, setting aside trade fears
9/19/2018, 7:24:24 PMWorld stock markets broadly rose for a second straight day on Wednesday, while s... ✔ U.S. 10- and 30-year Treasury debt yields hit fresh four-month highs after a report that U.S. homebuilding increased more than expected in August ✔ Housing starts rose 9.2 percent last month, a positive sign for the housing market which has underperformed the broader economy amid rising interest rates for home loans ✔ Our Standards:The Thomson Reuters Trust Principles
Not just tech: The stock-market rally is broader than it’s given credit for
9/19/2018, 7:03:43 PMThe U.S. stock market is back near record levels, and while most of the chatter has revolved around the outsize gains seen in a few major technology-related stocks this year, the rally has been broad based, an underappreciated factor that could bode well for future returns. ✔ The U.S. stock market is back near all-time highs, and while most of the chatter has revolved around the outsize gains seen in a few major technology-related stocks this year, the rally has been broad based, an underappreciated factor that could bode well for future returns ✔ Notably, Apple is up nearly 29% so far this year, while Amazon has surged more than 63% and Netflix has advanced 90% ✔ Only Facebook, down 8%, has underperformed the broader market ✔ We Want to Hear from You Join the conversation Comment
North Korea's Kim offers to close a missile site, but is it enough to win fresh talks with Trump?
9/19/2018, 4:07:07 PMNorth Korean leader, Kim Jong Un, offered to shut down a nuclear missile testing and launch site in a development welcomed by U.S. President Trump, raising hopes of a second summit meeting between the two leaders in the quest for a long-sought denuclearization deal. ✔ Standing side by side at a joint news conference after their talks Wednesday, both Moon and Kim extolled their agreement as an important breakthrough for peace ✔ Chinese Foreign Ministry spokesman Geng Shuang Wednesday welcomed progress made at the summit between North Korea and South Korea, saying the countries broke important new ground
Trump's tariffs could sow trouble for GOP in farm districts
9/19/2018, 7:22:45 PMSPANGLE, Wash. (AP) — In the aptly named Harvester Restaurant, wheat farmer Roy Dube makes clear he's no fan of President Donald Trump's trade policy. "We get him el ✔ (AP) In the aptly named Harvester Restaurant, wheat farmer Roy Dube makes clear he's no fan of President Donald Trump's trade policy ✔ Dube says China is buying less wheat from eastern Washington farmers and Trump's policies have opened the door for Australia and Canada to wrestle away business ✔ The tariffs will start at 10 percent and rise to 25 percent in 2019
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