Global companies begin to hike prices as trade war sinks in
9/25/2018, 9:16:57 PMInflation and tighter monetary policy risk hurting economies of US and China ✔ Some Chinese autoparts makers, including one located in Jiangsu and one in Zhejiang Province, appear to be bearing the burden of the tariffs themselves and say they are exploring new sales routes ✔ There are fears that higher import prices from a drawn-out trade war could further push up already-rising inflation rates in the U.S. and China ✔ Try 3 months for $9 Offer ends September 30th
8@eight: Markets shift focus to Fed; ASX set to inch higher
9/25/2018, 10:07:22 PMWhat happened overnight and what's ahead for the ASX. ✔ IG data has the market opening at 6195 this morning, right at a notable selling point for traders of late, and just below the ASX200’s 100-day EMA, which for several weeks has proven the key marker of resistance for the index ✔ Market watch: SPI futures up 9 points or 0.2% to 6189 at 7.15am AEST AUD -0.1% to 72.48 US cents On Wall St: Dow -0.3% S&P 500 -0.1% Nasdaq +0.2% In New York, BHP +1.6% Rio +1.4% Atlassian +2% In Europe: Stoxx 50 +0.3% FTSE +0.7% CAC +0.1% DAX +0.2% Spot gold +0.2% to $US1201.33 an ounce at 2.49pm New York time Brent crude +0.8% to $US81.84 a barrel US oil +0.3% to $US72.32 a barrel Iron ore +0.2% to $US69.24 a tonne Dalian iron ore +0.6% to 500 yuan LME aluminium +0.5% to $US2071 a tonne LME copper -0.6% to $US6318 a tonne 2-year yield: US 2.82% Australia 2.11% 5-year yield: US 2.98% Australia 2.29% 10-year yield: US 3.10% Australia 2.75% Germany 0.54% US-Australia 10-year yield gap at about 7.15am AEST: 35 basis points This column was produced in commercial partnership between Fairfax Media and IG
China and Japan kick off joint effort on foreign infrastructure
9/25/2018, 11:10:03 PM'Belt and Road' name receives no mention in face of 'colonialism' criticism ✔ Abe's China visit is set to include a forum on the topic where roughly 1,000 attendees, including private-sector companies from both sides, are expected to sign 30 or so agreements on infrastructure projects and other efforts ✔ Try 3 months for $9 Offer ends September 30th
China blames trade impasse squarely on US
9/25/2018, 8:31:42 PMBeijing denounces American protectionism and refuses to talk under duress ✔ In particular, the report took aim at the types of practices for which Washington has criticized Beijing, such as subsidies ✔ U.S. governments at federal and subnational levels provide large subsidies, bailout assistance, and concessional loans to some sectors and companies, it said ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
Powertech invests $1.7bn in Taiwan chip packaging plant
9/25/2018, 9:36:53 PMKey supplier eyes Google, Facebook, Alibaba as customers in new AI tech wave ✔ He did not specify customers, but it is understood that the company will be reaching out to emerging customers such as Google, Facebook, Amazon and Alibaba Group Holding ✔ Alibaba announced for the first time last week that it would be rolling out its own chip for artificial intelligence applications by the end of 2019 ✔ Try 3 months for $9 Offer ends September 30th
Nike shares fall despite earnings beat and 15 percent profit growth
9/25/2018, 10:10:33 PMIts shares fell in after-hours trading despite Nike reporting a 10 percent rise in revenue to $9.95 billion and a 15 percent jump in profit to $1.1 billion. ✔ Selling and administrative expenses increased roughly 7 percent to $3.1 billion, which included $964 million of expenses related to brand campaigns and sponsoring major sporting events, Nike said ✔ The company also said it repurchased 17.8 million shares for roughly $1.4 billion during the quarter as part of a four-year, $12 billion stock buyback program
Opinion | Trump’s America is a bully, not a beacon
9/25/2018, 11:33:37 PMTrump’s speech to the U.N. was an attack on the international order. ✔ By Karen Tumulty Karen Tumulty Columnist covering national politics Email Bio Follow Columnist September 25 at 7:24 PM In Tuesday’s speech to the U.N ✔ Many countries are pursuing their own unique visions, building their own hopeful futures and chasing their own wonderful dreams of destiny, of legacy and of a home
Opinion | Trump is the laughingstock of the world
9/25/2018, 11:06:22 PMHis speech to the U.N. was like something from an insult comic. ✔ By Dana Milbank Dana Milbank Op-ed columnist covering national politics Email Bio Follow Columnist September 25 at 6:35 PM Promise made, promise kept ✔ They applauded other leaders when introduced and during their addresses; Trump didn’t get any (except at the moment when they were laughing at him) until the polite ovation when he finished
In most global of settings, UN ponders populism's problems
9/25/2018, 9:04:36 PMUNITED NATIONS (AP) — Warning that the world has a bad case of "trust deficit disorder" and risks "runaway climate change," U.N. Secretary-General Antonio Guterres urged global le ✔ UNITED NATIONS (AP) Warning that the world has a bad case of trust deficit disorder and risks runaway climate change, U.N ✔ chief painted a grim picture of the state of the world in his opening address to the annual gathering of presidents, prime ministers, monarchs and government officials from the U.N.'s 193 member nations ✔ The reality is that the work of the United Nations is as relevant today as it was 73 years ago, she said
A case study in what makes a leader's support collapse
9/25/2018, 9:58:04 PMThough not a perfect parallel, David Volodzko says that the Republican Party can learn from the experience of the South Koreans, who ousted their former president -- putting country before party. ✔ The opinions expressed in this commentary are his own ✔ It has among the highest global literacy rates in science, reading and math ✔ Confronted with rank corruption, Koreans responded with dignity ✔ We may never see the Republican Party abandon him at such rates, no matter how bad things get
Trump's levies challenge global commerce regime
9/25/2018, 11:44:10 PMUS President Donald Trump's latest move to impose tariffs on a further $200 billion of Chinese imports is seen by many as a major challenge to the rules-based global trade system. ✔ US Trade Representative Charlene Barshefsky (left) exchanges documents with Chinese Trade Minister Shi Guangsheng after signing a landmark agreement in Beijing in November 1999 ✔ Both Japan and Canada have reached free trade agreements with the EU ✔ The classic Bretton Woods system was blown up rather suddenly by Nixon at the same time as he was opening up to China
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