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Trade War - SERIES 151 {15 articles}

Forecasters unanimous: U.S.-China trade war bad for economy -...

9/20/2018, 12:44:02 AM
The U.S. economy will expand at a robust pace in coming quarters but slow to 2 p... ✔ The latest Reuters consensus for U.S. growth showed slight upgrades for several quarters in the coming year but still is forecasting a slowdown to 2.0 percent in the final quarter of 2019, less than half the last reported rate of 4.2 percent ✔ (Other stories from Reuters long-term economic outlook polls:) Our Standards:The Thomson Reuters Trust Principles


Asian markets follow global shares higher, trade war still in focus

9/20/2018, 1:04:47 AM
Asian stocks rose in early trade on Thursday following a second day of gains on ... ✔ The housing market remains a specific point of weakness in the U.S. economy and while not in focus, it could be important.. ✔ The rally in global stocks has been accompanied by falls in U.S. bonds and the Japanese yen ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles


Trump’s trade war bring unexpected boom for knockoff designer bags from China

9/20/2018, 1:05:00 AM
It’s a good time to be in the shadowy business of making fake designer purses. ✔ The shadow industry already a big moneymaker stands to reap another potential windfall from the trade war, which escalated this week ✔ That’s good money in a country where workers on average earn $8,250 annually, according to World Bank data ✔ Merchants encouraged foreign customers to share their social media usernames with friends back home


Alibaba's Jack Ma says U.S.-China trade war ends 1 million U.S....

9/20/2018, 2:22:37 AM
Alibaba Chairman Jack Ma said the company can no longer meet its promise to crea... ✔ They have declined 5.7 percent so far this year, including those gains ✔ Trump on Monday imposed 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated ✔ Our Standards:The Thomson Reuters Trust Principles


‘No unilateralism’ - Chinese Premier PLEADS for free trade amid escalating US trade war

9/20/2018, 3:05:18 AM
A LEADING Chinese politician has called for free trade amid the escalating trade war with the United States, and vowed to improve trading conditions for international companies. ✔ Deeply integrated into the world economy, the Chinese economy is inevitably affected by notable changes in the global economic and trade context ✔ Beijing responded swiftly, announcing they intend to implement 10 percent and five percent tariffs on $60billion (£45billion) worth of US goods


China's state-backed 'National Team' may rescue stocks from trade war woes | Markets Insider

9/20/2018, 12:05:17 AM
undefined ✔ The Trump administration imposed tariffs on $200 billion worth of Chinese products Monday night ✔ It operates through at least 21 entities, including the China Securities Finance Corporation; Central Huijin Investment; Central Huijin Asset Management; five mutual funds set by the CSF; 10 managed accounts entrusted with asset management companies; and three wholly-owned subsidiaries of the State Administration of the Foreign Exchange


Alibaba's Jack Ma: Trade war has killed pledge to create 1 million US jobs

9/20/2018, 3:07:54 AM
Alibaba chief Jack Ma says the waves of new tariffs imposed by the US and China have "destroyed" his already ambitious promise. ✔ The Alibaba (BABA) chief grabbed attention at the start of last year when he made the ambitious jobs pledge following a meeting with Donald Trump, who was president elect at the time ✔ A spokeswoman for Alibaba, China's biggest e-commerce company, confirmed Ma's comments to CNN ✔ The vague promise wasn't based on Alibaba investing in the United States to build factories or fulfillment centers


Alibaba's Jack Ma says people should prepare for 20 years of...

9/20/2018, 3:50:26 AM
Jack Ma, co-founder of Chinese e-tech giant Alibaba Group Holding Ltd , said on ... ✔ Ma has already cautioned the trade war between the world’s two biggest economies could last decades, and China should focus on exports on the modern-day Silk Road that spans Africa, Southeast Asia and Europe ✔ Alibaba can no longer meet its promise to create 1 million jobs in the United States due to the trade tensions, Ma told Chinese news agency Xinhua on Wednesday ✔ Our Standards:The Thomson Reuters Trust Principles


Don't like US, China tariffs? They may become the 'new normal'

9/20/2018, 2:09:03 AM
The path to peace between the US and China is getting harder to find as the world's two biggest economies pile ever more taxes on each other's goods. ✔ A rubber tire gantry moves into position to transfer shipping containers at the Georgia Ports Authority's Port of Savannah in Savannah, Georgia ✔ Earlier, the Trump administration signalled that it might be willing to settle for a reduction in America's massive trade deficit with China, $336 billion last year ✔ Our new podcast series from the team behind Phoebe's Fall View episodes


Haier suspends plan to sell US-made, GE-branded goods in China

9/20/2018, 2:42:14 AM
undefined ✔ The problem faced by Haier underlines how complex trade relations between China and the US have become, with Chinese companies establishing manufacturing plants in the US, while more than 40 per cent of Chinese exports are from foreign-invested companies


Asia markets set for cautious open as Alibaba pulls plans for 1 million jobs in the U.S.

9/20/2018, 12:07:04 AM
On Wednesday, China's Jack Ma said his company Alibaba is no longer planning to create 1 million jobs in the U.S. as a result of souring trade relations between the two largest economies in the world. ✔ He did not specifically mention the ongoing trade dispute between Beijing and Washington ✔ On the same day, Jack Ma, founder and chairman of Chinese retail behemoth Alibaba, said his company no longer had intentions to bring 1 million jobs to the U.S., given the ongoing trade war between Beijing and Washington ✔ Hong Kong Meituan Dianping listing CNBC's Evelyn Cheng and Reuters contributed to this report


Putin aims to CRANK UP armed forces with modern HYPERSONIC weapons to rival US military

9/20/2018, 3:05:21 AM
RUSSIAN President Vladimir Putin intends to ramp up his country’s armed forces by developing futuristic weapons that incorporate “modern” military trends so Russian arms can outclass those of rival troops. ✔ In a show of military might and friendship, the biggest war games since Soviet Russia involved 300,000 troops and 40,000 vehicles ✔ The document read: China and Russia are developing advanced weapons and capabilities that could threaten our critical infrastructure and our command and control architecture


Tencent-backed Meituan jumps 5 percent on debut in positive signal...

9/20/2018, 3:56:21 AM
Meituan Dianping <3690.HK> soared on debut in Hong Kong on Thursday, valuing the... ✔ This year is set to be the biggest year for IPOs in Hong Kong since 2015, helped in part by a market rally late last year and rules introduced this year to attract tech companies by allowing them to weight voting rights in favor of their founders ✔ Our Standards:The Thomson Reuters Trust Principles


Dollar near 7-week low as markets look past trade woes, pound eyes...

9/20/2018, 1:20:05 AM
The dollar hovered near a seven-week low against a basket of major currencies, i... ✔ All in all, markets are hoping that the two sides will continue to talk and another round of tariffs could be avoided ✔ BREXIT TALK The British pound had hit two-month highs on Wednesday after UK inflation data overshot market expectations but it retreated after the Times reported that Prime Minister Theresa May had rejected an improved offer from the EU to solve the Irish border issue ✔ Our Standards:The Thomson Reuters Trust Principles


Why Xi Jinping vowed to 'safeguard free trade' at Abe meeting

9/20/2018, 3:46:22 AM
Chinese leader seeks an anti-Trump alliance but home market has many barriers ✔ But many Chinese companies, flush with capital after racking up profits through exports, have gone on acquisition sprees abroad and targeted Western companies with advanced technologies in recent years, taking advantage of the free trade and capitalist systems


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