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Trade War - SERIES 157 {12 articles}

'World is probably economically less safe': BlackRock chief sends warning over trade war

9/21/2018, 1:52:59 AM
Larry Fink says the United States is "a big winner" in the trade war with China "in the short-term," but not necessarily over time. ✔ Larry Fink is chief of BlackRock, which manages nearly $10 trillion in funds ✔ That has driven US stocks up, while equities have fallen elsewhere ✔ Still, Fink said he did not expect China's renminbi to become a global currency of choice anytime soon, even though US President Donald Trump's protectionist policies may benefit China in the long-term


Gold rises on weaker dollar, heads for 1st weekly gain in four

9/21/2018, 1:59:38 AM
Gold prices nodded up on Friday to reach a one-week high amid a weakening in the greenback as fears of a full-blown China-U.S. trade war receded. ✔ The dollar index was hovering near a ten-week low against a basket of major currencies ✔ Financial technology company Tradewind Markets said on Thursday it had hired Steve Lowe, former head of European operations at Bank of Nova Scotia's metals business, to help it expand in Europe


U.S. bond market recession signal not far away, say strategists:...

9/21/2018, 12:36:55 AM
The moment when short-dated U.S. Treasury yields rise above longer maturities, a... ✔ More importantly for our purposes, the interest rate market narrative is increasingly focusing on those risks, and it seems likely the markets will start pricing them in with lower long-term interest rates in the back half of 2018 ✔ Our Standards:The Thomson Reuters Trust Principles


‘I’m the President of the US, NOT THE GLOBE' - Donald Trump defends protectionism at rally

9/21/2018, 3:37:03 AM
PRESIDENT Donald Trump defended his protectionist policies at a rally in Las Vegas today, declaring: “I’m the President of the United States, I’m not the President of the globe.” ✔ He said: In 2016, the American people voted to reject this corrupt globalism ✔ Trump’s presidency has been characterised by an escalating trade war, fuelled by increased tariffs on goods such as steel and aluminium ✔ The rally in Nevada is the first back after several were cancelled due to Hurricane Florence


Walmart warns Trump tariffs may force price hikes: letter

9/21/2018, 2:17:06 AM
Walmart Inc said that it may hike prices of products if the Trump administration... ✔ FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016 ✔ The U.S. Trade Representative’s office was not immediately available for comment ✔ CNN Money reported the news first, citing Walmart’s letter ✔ Our Standards:The Thomson Reuters Trust Principles


Trade worries push Japan Sept manufacturing confidence to 2-year...

9/21/2018, 12:43:57 AM
- Japanese manufacturing activity grew at a slightly faster pace in September as... ✔ The index remained comfortably above the 50 threshold that separates contraction from expansion for the 25th consecutive month ✔ Growth in the goods-producing sector continues to be supported by increases in new orders, said Joe Hayes, economist at IHS Markit, which compiles the survey ✔ Our Standards:The Thomson Reuters Trust Principles


Dollar struggles near 2-mth lows, yen sags on receding risk aversion

9/21/2018, 1:35:43 AM
The dollar was close to two-month lows on Friday, as the yen also weakened from lower safe haven demand. ✔ The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors' view that the Sino-U.S ✔ The 'risk on' mood in light of optimism towards U.S.-China trade issues has cleared the path for the euro's rise, said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo


Dollar struggles near 2-month lows, yen sags on receding risk aversion

9/21/2018, 1:36:20 AM
The dollar struggled near two-month lows, while the yen also sagged on Friday on... ✔ The ‘risk on’ mood in light of optimism towards U.S.-China trade issues has cleared the path for the euro’s rise, said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo ✔ (Refiles to add dropped word in fifth paragraph) Our Standards:The Thomson Reuters Trust Principles


Asian stocks extend recovery as trade worries take back seat

9/21/2018, 1:36:18 AM
Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new... ✔ Leading the gains were developed markets outside the U.S., which have risen 2.3 percent so far this week ✔ They outperformed U.S shares, which have risen 0.8 percent, reversing their underperformance since early May when trade disputes intensified ✔ Our Standards:The Thomson Reuters Trust Principles


U.S. sanctions China for buying Russia war planes, missiles

9/21/2018, 3:54:46 AM
WASHINGTON--The Trump administration imposed sanctions on the Chinese military on Thursday for buyin ✔ One U.S. administration official, who briefed reporters on condition of anonymity, said the sanctions imposed on the Chinese agency were aimed at Moscow, not Beijing or its military, despite an escalating trade war between the United States and China


Democratic enthusiasm for the Trump tariffs is a bad sign

9/21/2018, 1:20:10 AM
President Trump increased his tariffs on Chinese imports this week, believing that Beijing will eventually cave to his trade reform demands. ✔ At the White House, Trump wrongly said that ‘China is now paying us billions of dollars in tariffs,’ The Post reported, and he celebrated the Treasury Department collecting ‘tremendous amounts of money, which is great for our country.’ In fact, The Post explains, tariffs are taxes that are paid by Americans who import goods from abroad


Reality of painful tariffs point to long-term test for China

9/21/2018, 2:31:34 AM
undefined ✔ Sheng Min, an official at the China Resource Recycling Association, said many projects in his industry have been on hold since the last round of US tariffs [in August] ✔ China can easily substitute American imports with those from Qatar and Australia, said Chen Lin, head of energy markets at Nomura


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