World trade body's chief urges nations to avert trade war
9/25/2018, 10:47:45 AMBERLIN (AP) — The head of the World Trade Organization says the whole international community has a responsibility to reduce tensions and avert a full trade war, which would produ ✔ He said that the continued escalation of tensions will pose an increased threat to stability, to jobs and to the kind of growth that we're seeing today, noting that there is a time lag between the introduction of trade restrictions and the time when their full impact is felt
Full-blown trade war would cost jobs, growth and stability: WTO's...
9/25/2018, 9:45:19 AMA full-blown trade war would have serious effects on global economic growth and ... ✔ The European Union itself would have about 1.7 percent taken off its GDP growth, he said, adding: Clearly, we cannot let this happen ✔ Azevedo pointed to several reform proposals that addressed trade-distorting practices and the WTO’s existing mechanisms to resolve trade disputes, adding that members had to agree on which reforms they wanted to focus on ✔ Of course, the system can be better, in fact it must be better ✔ Our Standards:The Thomson Reuters Trust Principles
Dow Gains 79 Points Because the Trade War Could Always Get Worse
9/25/2018, 11:53:44 AMYes, China and the U.S. are slapping tariffs on each other, but an agreement with South Korea shows deals can be made, and China has yet to use its biggest weapons. ✔ Want to know why the Dow Jones Industrial Average is doing what it’s doing ✔ Check back here for a semi-live look at the volatile markets from Barron’s reporters ✔ 7:28 a.m. Yesterday, trade concerns helped sink the market ✔ Now stocks are trying to make some of those losses back
China says the U.S. is ‘holding a knife to our neck’ in trade war
9/25/2018, 10:57:44 AMBeijing urges “mature political leaders in the U.S.” to “come back to their senses.” ✔ By Anna Fifield Anna Fifield Beijing bureau chief ✔ Unprincipled compromise will only lead to worse scenarios ✔ To make a deal, the demands need to be reasonable, he said ✔ The American side wants to force China to make a deal under the threat of tariffs on $267 billion worth of Chinese imports
China news SHOCK: 'We're saving the world from US,' says Beijing as trade war EXPLODES
9/25/2018, 9:53:50 AMCHINA hit out against the US in a government signed white paper in light of imposed economic sanctions, accusing the superpower of “trade bullyism practices” that “risked the recovery of the global economy”. ✔ On Monday a 71-page White Paper released by the ruling Communist Party of China, led by president Xi Jinping, hitting back at the unilateral tactics of the Trump administration ✔ We also have the support of all countries in the world that reject protectionism, unilateralism and hegemony
US-Taiwan $330 million arms deal escalates trade war spat amid claims of “a knife to China’s neck”
9/25/2018, 10:05:38 AMThe United States has approved a $330 million arms deal with China’s neighbour Taiwan, in a move set to further increase tensions between Beijing and Washington amid the escalating trade war, The South China Morning Post reported. ✔ A spokesperson for the presidential office of Taiwan said, it would boost confidence in the face of severe security challenges, adding We greatly appreciate that the US government takes note of the national security of Taiwan ✔ The proposed arms deal which was announced on Tuesday by the Pentagon and will be put before the US Congress would include parts for F16 and F5 fighter jets, C130 cargo planes, Taiwan's Indigenous Defence Fighter, and other aircraft systems
US is putting a knife to China's neck, says trade negotiator
9/25/2018, 8:25:03 AMChina's deputy trade negotiator on Tuesday acknowledged the challenge in resuming negotiations with the US, saying: "How could you negotiate with someone when he puts a knife on your neck?" ✔ The country's top trade negotiator, however, dodged CNN's question about if trade talks are becoming pointless if, as indicated in numerous state media commentaries, the Chinese leadership under President Xi Jinping increasingly views Trump's trade war as a strategic move to contain the rise of China
China says it can't hold US trade talks with 'knife to the throat'
9/25/2018, 8:08:18 AMChina said on Tuesday it was impossible to hold trade talks with the United States while Washington is imposing tariffs that are like "holding a knife to someone's throat". ✔ Beijing has hit back with each step, hitting $110 billion worth of US goods, or nearly everything China buys from the United States ✔ China's retaliatory levies target 5,200 US goods worth $60 billion with new five to 10 percent tariffs, including big ticket items such as liquefied natural gas, lumber and electronics, as well as peppermint oil, pig hides and condoms
Stock futures slightly higher; major indexes near records
9/25/2018, 11:27:01 AMU.S. stock-index futures inched higher on Tuesday, implying a slight gain following the previous session’s move lower, as investors once again looked past uncertainty surrounding trade policy to focus instead on strong economic fundamentals. ✔ Investors have been digesting the idea of a full-blown trade war for months now, and on top of that, they are already aware of what could be the next steps ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment
China denies Hong Kong port visit for U.S. navy ship amid trade...
9/25/2018, 9:57:46 AMChina has denied a request for a U.S. warship to visit Hong Kong, the U.S. consu... ✔ FILE PHOTO: A combined formation of aircraft from Carrier Air Wing (CVW) 5 and Carrier Air Wing (CVW) 9 pass in formation above the Nimitz-class aircraft carrier USS John C ✔ Stennis (CVN 74) in the Philippine Sea on June 18, 2016 ✔ In Beijing, Foreign Ministry spokesman Geng Shuang did not directly answer a question on whether China had denied the request ✔ Our Standards:The Thomson Reuters Trust Principles
US futures fluctuate as political turmoil keeps investors on edge
9/25/2018, 9:28:36 AMU.S. stock index futures eked out minor gains ahead of Tuesday's open. ✔ Stocks on Wall Street dropped to session lows shortly after trading started Monday, following reports that Deputy Attorney General Rod Rosenstein was about to resign or be dismissed ✔ The event will be watched closely to see if the central bank provides any signals as to where monetary policy will be heading over the coming months and into next year
US Treasury yields rise as FOMC meeting starts
9/25/2018, 9:58:53 AMU.S. government debt prices fell into negative territory on Tuesday. ✔ The Bank of Japan released the minutes of its July policy meeting Tuesday ✔ The U.S. Treasury is set to auction $40 billion in four-week bills, $38 billion in five-year notes, and $17 billion in one-year and 10-month floating rate notes (FRNs) Elsewhere, global markets remain jittery after the ongoing U.S.-China trade war resulted in new tit-for-tat levies implemented Monday, adding further uncertainty as to what the future holds for both countries' economies and their relationship going forward
Oil boost and Italy budget hopes support European shares; Next shines
9/25/2018, 8:39:24 AMopean shares were supported in morning trading on Tuesday by gains among oil sto... ✔ Heavyweight drugmaker Novartis (NOVN.S) rose 1.2 percent after saying it would cut about 2,200 jobs in Switzerland over the next four years to help boost profitability ✔ The clothing retailer posted a 0.5 percent rise in first-half profit and raised its full-year guidance after better-than-expected trading in August and early September ✔ Our Standards:The Thomson Reuters Trust Principles
10 things you need to know before the opening bell
9/25/2018, 11:04:54 AMThis is what traders are talking about. ✔ Participants make human towers or Castellers during the Saint Merce celebrations in San Jaime square in Barcelona, Spain ✔ Sirius XM agrees to pay $3.5 billion in stock for Pandora ✔ FHFA home prices and Case-Shiller home prices will both be released at 9 .am
Trump and Macron's bromance OFF: Pictures show what a difference year makes
9/25/2018, 8:27:05 AMDONALD Trump and Emmanuel Macron’s presidential pairing was quickly dubbed a bromance after the two appeared to bond during lavish visits to each other’s homelands – but pictures one year on shows a cooling down in relations. ✔ Terrorism is a big subject that we are always talking about ✔ Both leaders reaffirmed their commitment to closely coordinate to address global challenges ✔ The pair also discussed Mr Trump's plan to visit Paris on November 11 and attend the Armistice Day centenary commemoration
Chinese anger grows as US agrees fresh arms sale to Taiwan
9/25/2018, 10:32:31 AMThe Pentagon deal has added to ongoing trade tensions between Beijing and Washington. ✔ Getty Images Aerial of the Pentagon, the Department of Defense headquarters in Arlington, Virginia, near Washington DC, with I-395 freeway on the left, and the Air Force Memorial up middle ✔ Bush and Barack Obama, military deals with Taiwan had become less frequent as Washington attempted to improve its relationship with Beijing
Fasten your seat belt: October is almost here
9/25/2018, 9:28:15 AMVolatility is higher in October than in other months even when 1987 and 2008 are excluded. ✔ Stock-market investors should prepare themselves for a wild ride in coming weeks ✔ Instead, my prediction is based on something far less inscrutable: The calendar ✔ Why would the stock market in October experience above-average volatility ✔ One clue comes from the above-average number of bull markets that began in October
Philippines' Duterte boosts imports to fight inflation
9/25/2018, 8:55:08 AMPresident imposes new measures as price hikes dent popularity and squeeze growth ✔ According to the government, three food categories -- fish and seafood, rice and meat, and vegetables -- accounted for 2.4 percentage points of the 6.4% inflation rate in August, the highest proportion in nearly a decade ✔ Try 3 months for $9 Offer ends September 30th
Euro up despite ECB playing down Draghi inflation comments
9/25/2018, 11:32:52 AMhe euro inched higher on Tuesday despite a European Central Bank official playin... ✔ The market is not reacting (to the trade war) because we are not seeing any economic impact ✔ The other big driver (of currencies) is usually monetary policy but the FOMC is going to be a non-event, Thu Lan Nguyen, a strategist at Commerzbank in Frankfurt, said, referring to the Federal Open Market Committee ✔ Our Standards:The Thomson Reuters Trust Principles
UN to caution against populism in high-level week
9/25/2018, 10:22:08 AMUNITED NATIONS (AP) — Secretary-General Antonio Guterres is expected to paint a grim picture of the state of the world when leaders open their annual meeting on Tuesday, spotlight ✔ UNITED NATIONS (AP) Secretary-General Antonio Guterres is expected to paint a grim picture of the state of the world when leaders open their annual meeting on Tuesday, spotlighting the breakdown of trust around the globe and the need to counter unilateralism and reinvigorate international cooperation which is the foundation of the United Nations ✔ in international affairs, and provide more predictability and stability in this turbulent world
OPEC, Russia Defy Trump Demand to Boost Oil Production
9/25/2018, 9:25:05 AMLess than three months after Trump's latest tweet slamming OPEC, in which he warned the petroleum cartel that it must "REDUCE PRICING NOW!", Trump was at it again and on Thursday morning, with Brent hitting $80 per barrel and higher gasoline prices creating another headache for Republicans ahead of the midterm elections, the president lashed out at OPEC, saying that the US protects the countries of the Middle East, and warning these nations that "they would not be saf ✔ However, Al-Rumhy said the exact mechanism for doing so had not been discussed ✔ Finally, on Sunday OPEC also decided to change the dates of its next meeting to Dec. 6-7 from the earlier-agreed Dec. 3.The joint OPEC/non-OPEC ministerial monitoring committee will next meet on Nov. 11 in Abu Dhabi
A US Tank Base Is on the Way to Poland and Here Is Why
9/25/2018, 11:45:38 AMActually, there is nothing new about Polish President Andrzej Duda urging President Donald Trump during a joint news conference on Sept. 18 to deploy more American troops and military equipment in Poland, suggesting that the US establish a permanent military base to be named "Fort Trump." ✔ The establishment of a permanent American base in Poland would be the kiss of death for that act , as well as for other provisions that are still preventing the already tense situation in Europe from deteriorating further ✔ China confrontation is looming on the horizon, a US-Chinese trade war is already in progress, and military preparations are underway as tensions continue to grow in the South China Sea
Saudi Arabia shouldn't be tarred with the same brush as other emerging markets, analyst says
9/25/2018, 9:28:34 AMSaudi Arabia has achieved official "emerging market" (EM) status in terms of financial markets, but it's not facing the same problems as other EMs, an analyst told CNBC on Tuesday. ✔ We can't isolate ourselves from the emerging market crisis, he said ✔ Inclusion on the index and an official classification as an emerging market is a boon for the country as it seeks to attract foreign investment ✔ As such, he believed the delay to the Saudi Aramco sale could be perceived as a good thing
Oil prices hit fresh four-year high above $82 – business live
9/25/2018, 11:04:01 AM$100 a barrel would ‘annihilate’ oil demand growth – analystRetailer Next sets out detailed contingency plans for no-deal Brexit ✔ Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas, August 2018 ✔ The agenda 9.40am BST Bank of England policymaker Gertjan Vlieghe speaks at Imperial College in London 9.10am/11.45am ECB chief economist Peter Praet speaks in London Updatedat 3.39am EDT
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