Ping pong trade war
9/26/2018, 7:52:45 AMundefined
US-China relations crumble as disputes extend beyond trade war
9/26/2018, 5:04:00 AMRelations between the US and China are crumbling rapidly. ✔ Simply put, a relationship that has been painstakingly fine-tuned over four decades is being dismantled now very quickly ✔ That’s why signs of the accelerating drain on mutual goodwill deserve serious attention from both parties ✔ These moves may actually end up rendering further engagement even more difficult, if not completely impossible
As trade war rumbles, China steps up opening of financial markets
9/26/2018, 6:19:14 AMino-U.S. trade war has battered China's stocks and currency this year but t... ✔ We’ve been positive about China’s consumption growth opportunities for a while, said Shumin Huang, head of research for Greater China Equities at J.P ✔ Huang, whose team covers over 150 A-shares, sees long-term investment opportunities in battered sectors such as healthcare and education ✔ Our Standards:The Thomson Reuters Trust Principles
China hides key oil data, leaving market players guessing
9/26/2018, 5:13:28 AMNew gaps in official figures make life harder just as Trump increases uncertainty with trade war ✔ Predictably, the government's plan to release updates on the stock levels has fallen by the wayside ✔ The latest developments, in which disclosure of national data has been treated as if it were optional or even dispensable, has eroded Beijing's credibility further ✔ Try 3 months for $9 Offer ends September 30th
China seeks to mend Australian fence as US dispute worsens
9/26/2018, 7:26:02 AMChina's trade war with Donald Trump has prompted the world's second-largest economy to mend fences with Australia, a major supplier of China's energy needs. ✔ Japanese Prime Minister Shinzo Abe is expected to visit Beijing next month, the first visit in seven years by a Japanese leader ✔ Liquified natural gas is predicted to overtake metallurgical coal as Australia's second biggest export this year, driven by a surge in demand by China, according to the Department of Industry ✔ One of China's lead trade negotiators on Tuesday suggested Australian imports could expand as a result
BMW warns over sales and profits as it runs into a cocktail of troubles
9/26/2018, 6:31:14 AMBMW has issued a profit warning as a cocktail of new emissions controls, higher costs from dealing with faults and an intensifying trade war put the brakes on the upmarket car company. ✔ The German car maker said that revenues and profits will dip and its profit margin target of between 8pc and 10pc will not be hit for the first time in eight years ✔ The news drove down BMW shares by 5pc, their biggest fall in two years ✔ This led to the introduction of the Worldwide Harmonised Light Vehicle Test Procedure (WLVTP) in September
Business Live: Wednesday 26 September
9/26/2018, 5:14:29 AMAll the day's business news and views from the UK and beyond, as it happens. ✔ Jane Sydenham investment director at Rathbones, tells Wake Up to Money: BMW has been an incredibly reliable source of profits and margins and for the first time since 2009 they've had to report lower profit margins partly due to emissions charges, partly due to trade wars, partly due to warranties - there has been a whole series of things that has affected them ✔ Posted at 5:005:00 Good morning! Welcome to Business Live ✔ The big news today is in the US when the Federal Reserve is expected to announce an interest rate rise
Chinese companies lead Hong Kong market up amid MSCI hopes
9/26/2018, 5:23:22 AMEnergy producers jump on oil price increase, while Haidilao gains on debut ✔ The two nations this week imposed a third round of tariffs on goods they import from each other ✔ People think it will be a protracted trade war and will not get resolved that quickly ✔ -- Benny Kung Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
Fed likely to raise rates, possibly end 'accommodative' policy era
9/26/2018, 5:09:52 AMith the Federal Reserve widely expected to raise interest rates on Wednesday, fi... ✔ Another quarter of 4 percent real GDP growth coupled with faster wage gains will likely cause policymakers to err on the side of aggressiveness at some point .. ✔ Investors may soon have to contend with the fact that the Fed is going to press harder to dampen ebullient economic activity ✔ Our Standards:The Thomson Reuters Trust Principles
Asian shares advance as Chinese stocks extend recovery
9/26/2018, 6:02:59 AMan shares pulled ahead on Wednesday, as Chinese markets extended their recovery ... ✔ The focus will be on whether the Fed will indicate its tightening is coming to an end ✔ The Fed may not do so today but I expect markets will soon start looking to that scenario, said Akira Takei, bond fund manager at Asset Management One ✔ Our Standards:The Thomson Reuters Trust Principles
China plans to boost $3.8 trillion digital economy in order to create more jobs
9/26/2018, 6:14:10 AMChina's state planner has called for further advancement in the country's $3.8 trillion digital economy, saying sectors such as big data and artificial intelligence will drive job creation. ✔ VCG | Visual China Group | Getty Images Job seekers crowd at the labour market to find jobs on February 4, 2017 in Taiyuan, Shanxi Province of China ✔ China will make further inroads into areas such as the internet of things, big data, cloud computing and AI, and create more high-end jobs, the state planner said
China to further boost $3.8 trillion digital economy, create more jobs
9/26/2018, 5:09:49 AMChina's state planner on Wednesday called for further advancement in the co... ✔ The country will also actively attract foreign talent to promote the innovation of its digital economy, the NDRC said ✔ China’s digital economy rose 18 percent to 26 trillion yuan ($3.8 trillion) last year, equal to a third of the country’s gross domestic product (GDP), according to the China Academy of Information and Communications Technology ✔ Our Standards:The Thomson Reuters Trust Principles
European markets set for mild gains, as political concerns simmer; Fed decision in focus
9/26/2018, 5:58:02 AMEuropean stocks are set to open mildly higher on Wednesday's open, as investors kept abreast of political news going on around the globe. ✔ This statement comes ahead of the deadline for Canada and the U.S. to secure a deal ✔ On the same day, the British leader added that it wouldn't be in the national interest of the U.K ✔ to put forward another general election, Reuters reported ✔ In corporate news, AA and Boohoo Group are scheduled to release fresh financial updates
Beijing top envoy says China, U.S. must avoid Cold War mentality
9/26/2018, 4:36:20 AMBEIJING--China and the United States can compete but should not view each other with a Cold War ment ✔ China hopes the United States meets it halfway so they can have a correct perception of each other, and prevent this negative momentum from spreading to ensure relations don't stray from the correct track, Wang added ✔ U.S. President Donald Trump's top trade official said on Tuesday that changing China's economic policies to become more market-oriented is not going to be easy even with tariffs now in place on $250 billion (28 trillion yen) worth of Chinese goods
MSCI considers boosting China's index weighting, could add $66...
9/26/2018, 7:42:53 AMGlobal index provider MSCI said on Wednesday it will consider quadrupling the we... ✔ The proposed increase will happen in two phases coinciding with MSCI’s index reviews in May and August 2019, it said ✔ Morgan Asset Management Emerging Markets and Asia Pacific Investment Specialist, expects significantly more foreign inflows into China’s A-shares over the next few years, in part because of the MSCI index inclusion ✔ Our Standards:The Thomson Reuters Trust Principles
Fed seems poised to raise rates for a 3rd time this year
9/26/2018, 7:27:26 AMWASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. ✔ The Fed's rate increases typically lead to higher rates on some consumer and business loans ✔ Doves focus on the Fed's mandate to maximize employment and worry less about inflation ✔ Hawks tend to concern themselves more with the need to prevent high inflation ✔ The projections range from as few as two to a total of four
Four questions about Chinese consumer inflation
9/26/2018, 7:07:42 AMundefined ✔ This was the highest reading for a non-holiday month since May 2014 ✔ Despite an aggressive top-down approach, a new outbreak was reported in Inner Mongolia on Monday ✔ Economic growth is decelerating and so is disposable income growth ✔ He Wei, Financial Researcher, FT Confidential Research
With an eye on faltering rupee, RBI to raise rates next week
9/26/2018, 5:54:56 AMnk of India is likely to raise interest rates in early October, despite relative... ✔ BENGALURU (Reuters) - The Reserve Bank of India is likely to raise interest rates in early October, despite relatively tame inflation, to prop up a retreating rupee, according to a Reuters poll of economists who also trimmed their near-term growth forecasts ✔ The Indian economy is forecast to expand by an annual rate of more than 7 percent every quarter for the next two years, although slower than the surprise 8.2 percent rate clocked last quarter
Hong Kong property firms scramble to lure buyers as rate hikes loom
9/26/2018, 6:19:15 AMospect of rising interest rates, a slowing economy and a mounting supply of new ... ✔ The tougher down-payment requirements have channeled a part of the mortgage business to the non-banking sector, including the financing units of cash-rich property developers that don’t come under the central bank’s regulatory supervision ✔ Our Standards:The Thomson Reuters Trust Principles
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