Rivals seek to profit from US-China trade war
9/20/2018, 5:48:38 AMundefined ✔ As the US-Chinese trade war escalates, some elsewhere already see a silver lining ✔ Keith Wade, chief economist at Schroders, added that European and Japanese companies were well-placed to gain market share in China, replacing US suppliers of vehicles, aircraft and chemicals
Asian shares rise as investors reassess trade war impact
9/20/2018, 4:47:11 AMAsian stocks followed global indexes higher on Thursday, as investors took a les... ✔ Analysts at Citi also cautioned in a note Thursday that U.S. housing data out this week showed signs of weakness despite a headline jump ✔ Citi said housing starts had been strong, but building permits - a indicator of future activity - were at their lowest since May 2017 ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles
Hong Kong shares flat in choppy trade amid trade war caution
9/20/2018, 5:12:24 AMTencent-backed Meituan rises on debut; HSBC up after raising time-deposit rates ✔ The yuan traded onshore declined 0.1% against the U.S. dollar to 6.8503 ✔ ZTE rose 0.9% after the Chinese telecommunications equipment maker said it entered an agreement with Shenzhen Investment Holdings for certain land and property assets owned by the company ✔ Try 3 months for $9 Offer ends September 30th
It's not a trade war, it's a trade skirmish, JPMorgan's Jamie Dimon says
9/20/2018, 6:52:01 AMThe dispute over trade and escalating tariffs between the U.S. and China are a "trade skirmish" rather than a trade war, Jamie Dimon, chairman and chief executive officer of J.P. Morgan Chase, told CNBC on Thursday. ✔ Those duties will rise to 25 percent at the end of the year ✔ Trump appeared to leave the door open for negotiations with China, however, telling reporters during a visit with Poland's president on Tuesday that the U.S. may make a deal with China at some point and that his country is always open to talking
Trump shakes Xi's aura of invincibility
9/20/2018, 5:12:21 AMTrade war raises doubts about Chinese leader's style and tactics ✔ So far, they have only prevented a sharper economic slowdown from occurring ✔ If Beijing wants to meet its pledge to double per capita income between 2010 and 2020, though, further policy easing will be required this year and next to keep the growth rate at or above 6.5% ✔ Try 3 months for $9 Offer ends September 30th
China’s exporters could quickly ditch U.S., says ex-bank head
9/20/2018, 6:57:35 AMGENEVA--The direct economic impact on China of the trade war with the United States appears limited, ✔ GENEVA--The direct economic impact on China of the trade war with the United States appears limited, though it could rapidly prompt China's exporters to switch away from the U.S. market, the former central bank governor in Beijing said on Wednesday ✔ On Tuesday, Beijing added $60 billion (7 trillion yen) 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
No way out? U.S., China tariffs may become the ‘new normal’
9/20/2018, 4:10:29 AMWASHINGTON--The path to peace in a trade war between the United States and China is getting harder t ✔ WASHINGTON--The path to peace in a trade war between the United States and China is getting harder to find as the world's two biggest economies pile ever more taxes on each other's products ✔ Earlier, the Trump administration signaled that it might be willing to settle for a reduction in America's massive trade deficit with China, $336 billion last year
Dollar near seven-week low as safe haven bids ebb, pound slips on EU summit
9/20/2018, 6:42:42 AMSafe-haven demand for the U.S. currency ebbed on relief that the Sino-U.S. trade war may not be as damaging as once feared. ✔ All in all, markets are hoping that the two sides will continue to talk and another round of tariffs could be avoided ✔ The Canadian dollar was firm ahead of further talks to revamp the North American Free Trade Agreement ✔ The yen has pulled back slightly this week as investors reassessed the impact of the Sino-U.S
European markets look to follow gains on Wall Street as trade concerns wane
9/20/2018, 5:35:20 AMEuropean markets are expected to open higher on Thursday, tracing gains on Wall Street as investors appeared unconcerned about about a trade war between the U.S. and China. ✔ The promise was made on the premise of friendly US-China partnership and rational trade relations, Ma said to Chinese news site Xinhua ✔ Retail sales data for August is released by the U.K ✔ and monetary policy decisions are due from the Swiss and Norwegian central banks
Shares inch up as trade woes take backseat to buoyant U.S. markets
9/20/2018, 6:54:30 AMAsian stocks edged higher on Thursday and European markets looked set to follow ... ✔ FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China July 6, 2018 ✔ The housing market remains a specific point of weakness in the U.S. economy and while not in focus, it could be important.. ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles
China vows not to launch currency war against 'insincere' US over tariffs – business live
9/20/2018, 7:47:20 AMAll the day’s economic and financial news, including the latest UK retail sales figures ✔ The United States’ current unilateral trade actions cannot be accepted by China, and the United States has not been sincere, ministry spokesman Geng Shuang told a daily news briefing ✔ The agenda 8.30am BST: Swiss central bank interest rate decision 9am BST: Ryanair AGM in Gormanstown, County Meath 9.30am BST: UK retail sales for August 3pm BST: Eurozone consumer confidence Updatedat 3.38am EDT
China urges U.S. to show sincerity, correct behavior in trade actions
9/20/2018, 7:52:22 AMChina hopes the United States will show sincerity and take steps to correct its ... ✔ BEIJING (Reuters) - China hopes the United States will show sincerity and take steps to correct its behavior, its commerce ministry said on Thursday, after both countries slapped new tariffs on each other’s goods this week in an escalating trade war ✔ FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018 ✔ Our Standards:The Thomson Reuters Trust Principles
China urges U.S. to show sincerity, correct behaviour in trade actions
9/20/2018, 7:55:35 AMChina's commerce ministry has said it hopes the United States will show sincerity and take steps to correct its behavior. ✔ Qilai Shen | Bloomberg | Getty Images President Donald Trump, right, and Xi Jinping, China's president, greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017
Dollar near seven-week low as safe haven bids ebb, pound slips on...
9/20/2018, 4:09:42 AMThe dollar hovered near a seven-week low against a basket of major currencies on... ✔ All in all, markets are hoping that the two sides will continue to talk and another round of tariffs could be avoided ✔ Traders also noted that U.S. macro economic data has remained very strong so far despite trade disputes since early this year ✔ Our Standards:The Thomson Reuters Trust Principles
Tencent-backed Meituan jumps 5 percent on debut, brightens outlook...
9/20/2018, 6:54:32 AMMeituan Dianping <3690.HK> climbed on debut in Hong Kong on Thursday, valuing th... ✔ Meituan’s wide variety of services has attracted users, but pushed it into the red ✔ The company lost 22.8 billion yuan ($3.33 billion) in the first four months of this year, despite a big jump in revenue ✔ However, an 18 percent drop in the benchmark Hang Seng index .HSI from its January peak and the worsening Sino-U.S ✔ Our Standards:The Thomson Reuters Trust Principles
U.S. soy seizes EU market, bolstering Trump trade deal
9/20/2018, 4:09:39 AMThe United States has supplanted Brazil as the European Union's top supplie... ✔ Imports from Brazil dropped to a 40-percent share of the bloc’s roughly 35 million tonne annual import market for the animal feed staple ✔ The EU executive has been collating frequent new import data to prove it is keeping its side of the bargain - even though the trends are largely the result of price movements in world markets ✔ Our Standards:The Thomson Reuters Trust Principles
China plans import tariff cuts as soon as October: Bloomberg
9/20/2018, 5:54:36 AMChina plans to reduce the average tariff rate on imports from most of its tradin... ✔ The move was in line with Beijing’s pledge to its trading partners - including the United States - that it would take measures to further increase imports ✔ At the World Economic Forum in the northern port city of Tianjin, Chinese Premier Li Keqiang said on Wednesday that the government will continue to lower import tariffs on some goods ✔ Our Standards:The Thomson Reuters Trust Principles
Donald Trump’s trade wars: what China should do next
9/20/2018, 4:16:43 AMundefined ✔ Chinese leaders have grown used to getting their own way ✔ There is a temptation to imagine that party chiefs have a carefully worked-out strategy in response to the latest package of punitive tariffs announced by US president Donald Trump the equivalent of a $25bn tax on Chinese exports to the US ✔ Foreign critics are brusquely dismissed for failing to appreciate the fact of China’s rise ✔ Great power status, Mr Xi might reflect, has its own traps
JP Morgan's Dimon isn't concerned about emerging markets — it's more a 'teething thing'
9/20/2018, 6:51:59 AMJamie Dimon isn't worried about emerging markets — and thinks they shouldn't even be called emerging markets at all. ✔ Giulia Marchi | Bloomberg | Getty Images Jamie Dimon, chief executive officer of JPMorgan Chase & Co., sits ahead of a Bloomberg Television interview on the sidelines of the JP Morgan Global China Summit in Beijing, China, on Tuesday, May 8, 2018 ✔ The emerging markets are more like a teething thing
Thailand sees shortcut to Belt and Road with Sri Lanka trade deal
9/20/2018, 4:20:19 AMTwo nations to kick off bilateral FTA talks in Bangkok on Thursday ✔ Some analysts are skeptical about Chinese loans to emerging economies, calling China's aid a debt trap ✔ In return for aid, recipient nations are expected to cede control of facilities or operating rights, as is the case for ports in Sri Lanka and Pakistan ✔ Try 3 months for $9 Offer ends September 30th
China's app for everything Meituan Dianping jumps in IPO
9/20/2018, 5:17:28 AMMeituan Dianping made a robust debut on the Hong Kong stock market after raising billions of dollars from investors in its IPO. ✔ News aggregator Qutoutiao's (QTT) share price more than doubled on its Nasdaq debut on Friday, but then plunged 35% on the second day ✔ Online shopping platform Pinduoduo (PDD) has also had a series of double-digit gains and losses since it listed in July ✔ But it's competing with some of China's tech heavyweights like Alibaba (BABA) and ride-hailing firm Didi Chuxing
Gold prices edge up as easing trade concerns hurt dollar
9/20/2018, 6:51:58 AMGold dropped about 11.6 percent from a peak in April, affected by the intensifying U.S.-China trade dispute and on rising U.S. interest rates. ✔ The dollar index was hovering near a seven-week low against a basket of major currencies ✔ However, over short term, prices would strengthen to$1,211 and a break above could see $1,221, Frappell said ✔ Platinum gained 0.3 percent to $823.40, after hitting its highest since Aug. 13 at $826.40 in the previous session
These are the worst states for wealthy Americans
9/20/2018, 4:56:39 AMOn top of federal dues, some states impose hefty taxes on wealthy residents. ✔ Former Reagan economist Art Laffer and former Clinton pollster Doug Schoen on the impact of the tax reform legislation on states and mounting trade war concerns ✔ The Oregon estate tax is owed by those with estates valued at more than $1 million, at rates ranging from 10 percent to 16 percent
Jack Ma kills pledge for a million U.S. jobs. Analysts say it was bogus anyway.
9/20/2018, 5:40:14 AMEvidence suggests Alibaba could not have delivered on Ma’s promise. ✔ The promise was made on the premise of friendly U.S.-China partnership and rational trade relations, the celebrity billionaire told Chinese state media Wednesday ✔ If all tariffs went to zero, we’d still be waiting a long, long time for Ma to fulfill his pledge, Scissors said ✔ He said the increasingly chaotic international business climate had nothing to do with it
'Time to change Korean economy now'
9/20/2018, 4:30:10 AMundefined ✔ This is the sixth in a series of interviews with economic experts to analyze the state of the Korean economy and make policy suggestions ✔ There are fast-growing Asian economies such as India ✔ They had mid-level talks last month, but they did not make any progress
China's rising memory chip leader won't try to 'crash the market'
9/20/2018, 4:12:45 AMState-backed Yangtze Memory at vanguard of Made in China 2025 says 'We are no copycat' ✔ Yang's remarks came as trade tensions and a technological cold war between the U.S. and China continue to escalate ✔ U.S. President Donald Trump said this week that 10% tariffs on an additional $200 billion in Chinese goods will take effect Sept ✔ Try 3 months for $9 Offer ends September 30th
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