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Trade War - SERIES 153 {14 articles}

Inside China's strategy in the soybean trade war 

9/20/2018, 8:09:52 AM
There is growing confidence within China's soybean industry and government that the world's largest pork-producing nation can wean itself off U.S. soy exports. ✔ USDA spokesman Tim Murtaugh downplayed the threat of China displacing U.S. soybean supplies ✔ The Trump administration, he said, is analyzing import demand and ultimately aims to win back access to the China market under better terms ✔ When you start becoming an unreliable supplier, people are going to start looking elsewhere


European shares add to gains as trade war fears fade

9/20/2018, 8:16:06 AM
European shares extended their rally on Thursday as U.S.-China trade war fears w... ✔ LONDON (Reuters) - European shares extended their rally on Thursday as U.S.-China trade war fears were set aside and investors focused on bullish macroeconomic and corporate news ✔ The company’s poor performance adds to indications Britons are withholding spending on big-ticket home improvement products in an uncertain environment ✔ Our Standards:The Thomson Reuters Trust Principles


Dollar slides to seven-week low as trade war fears ebb

9/20/2018, 11:33:06 AM
The dollar fell to a seven-week low against a basket of major currencies on Thur... ✔ NORWEGIAN CROWN SLUMPS Closer to home, European markets were watching events at an EU summit where UK Prime Minister Theresa May appealed to her counterparts on Wednesday to drop demands for a Brexit deal that she said could rip Britain apart ✔ Our Standards:The Thomson Reuters Trust Principles


Trump Is Winning His Trade War With China. Here's Why That Might Not Last

9/20/2018, 9:17:16 AM
In confronting China, Trump is using the same strong-arm tactics he employed as a real-estate mogul. ✔ China’s economy was expected to slow as it relies less on debt and shifts to a growth model driven more by consumption, a shift touted Wednesday in a speech by Premier Li Keqiang ✔ The quicker both sides realize that the current situation is untenable, and that they need to come to an agreement that allows each side to see the value, the better off we’ll all be


Stock futures point to cautious gains following Wednesday's rally

9/20/2018, 8:10:45 AM
Alibaba Chairman Jack Ma is backing down on his promise to create 1 million jobs in the U.S. over the next five years due to the U.S.-China tariff battle. ✔ Japan's Nikkei stock index finished the day basically flat ✔ Thursday’s economic calendar includes the weekly report on jobless claims and the monthly report on existing home sales and a check on manufacturing in the Mid-Atlantic region ✔ FOX Business’ Leia Klingel and Jade Scipioni contributed to this article


China plans import tariff cuts as soon as October: Bloomberg

9/20/2018, 10:21:44 AM
✔ FILE PHOTO: Shipping containers are seen stacked at the Dachan Bay Terminals in Shenzhen Thomson Reuters BEIJING (Reuters) - China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday ✔ 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 ✔ (Reporting by Ryan Woo; Editing by Shri Navaratnam)


World stocks rise as trade relief bounce continues

9/20/2018, 8:51:13 AM
A bounce in world stocks in relief that the fresh U.S. and Chinese tariffs on re... ✔ The rally in global stocks has been accompanied a drop in demand for safe-haven assets, boosting U.S. bonds yields and sending the dollar to seven-week lows ✔ The yield on benchmark 10-year Treasury notes, which on Wednesday touched its highest level since May 18, eased back to 3.0682 percent on Thursday ✔ [MET/L] Our Standards:The Thomson Reuters Trust Principles


Tencent-backed Meituan climbs 5 percent on debut, brightens outlook...

9/20/2018, 10:52:28 AM
Meituan Dianping <3690.HK> rose 5 percent on debut in Hong Kong on Thursday, val... ✔ Meituan’s wide variety of services has attracted users, but pushed it into the red ✔ It sends a relatively positive signal to the upcoming IPOs, but retail investors are unlikely to be particularly keen on this type (dual structure) of IPO for the time being, Linus Yip, chief strategist at First Shanghai Securities, said of Meituan’s performance ✔ ($1 = 7.8439 Hong Kong dollars) ($1 = 6.8502 Chinese yuan renminbi) Our Standards:The Thomson Reuters Trust Principles


Dimon says U.S.-China tariff clash is a ‘trade skirmish’ not a war

9/20/2018, 11:08:09 AM
Dimon made his remarks as investors have been mostly dismissing an escalation in trade tensions between the U.S. and China, with a fresh round of tariffs between the economic superpowers set to take effect Sept. 24. ✔ The Dow Jones Industrial Average See Also How Manafort’s Cooperation Could Help Advance Mueller’s Probe × DJIA, +0.61%  is up 6.8% so far in 2018, and the blue-chip benchmark stands about 211 points from its January all-time closing high at 26,616.71 ✔ The S&P 500 index SPX, +0.13%  is up 8.8% in the year to date, while the Nasdaq Composite Index COMP, -0.08% has rallied 15% in 2018, as of Wednesday’s close ✔ We Want to Hear from You Join the conversation Comment


10 things you need to know before the opening bell

9/20/2018, 10:56:44 AM
This is what traders are talking about. ✔ Gabe Williams works on a exhibit at the Cannabition cannabis museum in Las Vegas ✔ Hackers stole 6.7 billion yen ($60 million) in bitcoin and two other cryptocurrencies from the Japanese digital exchange Zaif on September 14, the company said Thursday ✔ Darden Restaurants reports ahead of the opening bell and Micron Technology releases its quarterly results after markets close


Malaysia, Singapore shares extend gains as trade fear fizzles

9/20/2018, 11:07:30 AM
Investors continue pick up more Asian equities as recent selldown is overdone ✔ Markets are in recovery mode as investors are getting increasingly used to the U.S.-China tit-for-tat trade dispute as well as the prospect of further escalation, said CIMB Group Market Strategist Jake Damien Chow ✔ Try 3 months for $9 Offer ends September 30th


Beijing complains as US 'orders Chinese media to register as foreign agents'

9/20/2018, 9:16:03 AM
China contacts US over reports that two state-run outlets have been told to register as foreign lobbyists ✔ Foreign ministry spokesman Geng Shuang said on Wednesday that Beijing had contacted and communicated with the US regarding the alleged order, first reported by the Wall Street Journal on Tuesday ✔ Other foreign journalists have also been effectively barred ✔ The US Department of Justice has been contacted for comment


Hong Kong shares end higher for third day after choppy trade

9/20/2018, 10:26:16 AM
Tencent-backed Meituan rises on debut; HSBC up after raising time-deposit rates ✔ In the mainland, the Shanghai Composite edged 0.1% lower, while the yuan traded onshore declined 0.1% against the U.S. dollar to 6.8553 ✔ ZTE slipped 0.1% 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


Fed Board, Ma Reversal, Coinbase Claim: CEO Daily for September 20, 2018

9/20/2018, 9:11:30 AM
Must-read business news, delivered every morning. ✔ Fortune Coinbase Claim The New York Attorney General released a report on cryptocurrency markets, with one interesting claim being that one fifth of the trading volume on Coinbase is attributable to Coinbase itself ✔ Find previous editions here, and sign up for other Fortune newsletters here


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