World in 'deep kimchi' if trade war lasts: Philippines finance...
9/26/2018, 6:52:04 PMThe world economy will be in "deep kimchi" if the current trade war be... ✔ At the moment it doesn’t seem too positive, with the U.S. raising interest rates, with emerging markets not being the darling of the moment and everybody is going into safe havens like the dollar and the yen, Dominguez said ✔ Our Standards:The Thomson Reuters Trust Principles
China cuts more tariffs to shield economy from trade war
9/26/2018, 4:32:15 PMLowered duties offer $8.7bn in relief, as Beijing burnishes free trade credentials ✔ With this latest move, China appears to be differentiating itself from the U.S. administration under President Donald Trump, who is raising tariffs in an effort to shield U.S. interests ✔ Since July, Beijing and Washington have imposed tariffs on each other's goods in a tit-for-tat spat that has impacted $250 billion worth of Chinese exports, as well as $110 billion worth of U.S. goods ✔ Try 3 months for $9 Offer ends September 30th
Trump tells UN that China seeks to interfere in midterm elections
9/26/2018, 6:55:29 PMHis remarks came three days after China placed an advertising supplement in Iowa's largest newspaper attacking Trump's trade war with Beijing. ✔ Photo: AP Dan Coats, the director of US national intelligence, told reporters on September 12 that China was one of several countries with capabilities to interfere in the elections ✔ Our new podcast series from the team behind Phoebe's Fall View episodes
Erdogan urges Germany to designate Gulen network a terrorist group
9/26/2018, 7:55:10 PMPresident Tayyip Erdogan urged Germany in a newspaper article on the eve of his ... ✔ REUTERS/Andrew Kelly Writing on the website of the Frankfurter Allgemeine Zeitung, the Turkish president also said the two allies should prevent the irresponsible policies of the United States from setting off a reckless trade war ✔ Our Standards:The Thomson Reuters Trust Principles
Fed raises rates for 3rd time this year with 1 more expected
9/26/2018, 6:34:30 PMThe Federal Reserve has raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expects to maintain a pace of gradual rate hikes. ✔ WASHINGTON (AP) The Federal Reserve has raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expects to maintain a pace of gradual rate hikes ✔ The U.S. economy, as measured by the gross domestic product, is expected to grow 3 percent for 2018 as a whole
Proposed WTO reforms would target Chinese subsidies
9/26/2018, 6:09:41 PMEU and Japan hope fixes will keep Americans from quitting free trade body ✔ After the three co-sponsors submit their proposal in November, negotiations among other WTO members will begin ✔ There are hopes for reaching a full agreement as soon as 2019 with approval from a great majority of the body's directors ✔ Try 3 months for $9 Offer ends September 30th
'We don't consider political factors': Fed raises rates and says more are coming, brushing off Trump's concerns
9/26/2018, 7:43:27 PMFederal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further hikes well into 2019, risking fresh criticism from President Donald Trump. ✔ Business Markets World markets 'We don't consider political factors': Fed raises rates and says more are coming, brushing off Trump's concerns 27 September 2018 5:32am Normal text sizeLarger text sizeVery large text size Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into 2019, risking fresh criticism from President Donald Trump ✔ Jerome Powell says politics 'doesn't play a factor' in Fed's decisions
Fed raises interest rates, gives bullish outlook for economy
9/26/2018, 6:14:03 PMundefined ✔ Median forecasts released by the Fed’s policymakers pointed to one more rate rise this year, followed by three increases in 2019 and another in 2020 in line with previous expectations ✔ Donald Trump’s decision to impose tariffs on nearly $200bn of Chinese imports has dented confidence among some US businesses, but the Fed made no reference to trade worries in its post-meeting statement
China cuts some tariffs _ but does not address US complaints
9/26/2018, 4:47:05 PMBEIJING (AP) — China announced more tariff cuts Wednesday on imports of construction machinery and other goods, but took no action to address the U.S. complaints about its technol ✔ The researchers concluded that stock and bond markets could be hurt by a general loss of confidence in the economy, and that an escalation of trade tensions could have significant adverse global effects on growth ✔ 26 on construction machinery and other goods but no action on U.S. complaints about its technology policy that are fuelling an escalating trade battle
Fed raises key rate to range of 2% to 2.25%, keeps forecast for 4 hikes in 2018
9/26/2018, 6:16:43 PMThe Fed raised its key short-term interest rate by a quarter point to a range of 2% to 2.25%. ✔ The economy grew at a 4.2 percent annual rate in the second quarter, the fastest in four years, and analysts expect 3 percent growth this year, which would be the strongest clip since 2005 ✔ Powell delivered the semi-annual monetary policy report before the House Financial Services Committee, expressing a positive outlook
Fed Raises Interest Rates Again — And More Hikes Are Coming
9/26/2018, 6:44:37 PMFederal Reserve officials raised interest rates for a third time this year. ✔ The committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions and inflation near the committee’s symmetric 2 percent objective, the statement said, repeating previous language
World trade's top court close to breakdown as U.S. blocks another...
9/26/2018, 4:45:36 PM- The supreme court of world trade is close to breakdown after the United States... ✔ FILE PHOTO - The World Trade Organization (WTO) headquarters are pictured in Geneva, Switzerland, July 26, 2018 ✔ REUTERS/Denis Balibouse Almost 70 countries have repeatedly petitioned the United States to let the appointments go ahead ✔ Our Standards:The Thomson Reuters Trust Principles
Here comes the Fed ...
9/26/2018, 5:55:12 PMThe Federal Reserve is set to announce that after a two-day policy meeting, it decided to raise interest rates. But Wednesday's news is all about what Fed officials including Chairman Jerome Powell say about the future of the US economy and interest rates. ✔ Read more: Here's how the Fed raises interest rates and why it matters Some economists are urging the Fed to be even more patient with hiking because short-term rates could soon tip over longer-term ones, which are normally higher ✔ Now read: A fund manager who's crushing nearly all of her peers breaks down 3 under-the-radar stocks driving her strong performance JPMorgan studied decades of market history and compiled a playbook for guarding against losses in the next recession UBS details all the possible outcomes of the midterm elections and why a so-called blue tsunami could be the most devastating for stocks
Federal Reserve hikes interest rates and predicts ‘strong’ 3.1 percent growth this year
9/26/2018, 6:27:34 PMThe Fed stressed U.S. economy is thriving and the central bank will continue to raise interest rates in the coming months despite President Trump's anger at the rate hikes. ✔ In a telling signal, the Fed deleted the line from its statement that said monetary policy will remain accommodative, an indication the Fed believes it’s getting closer to the so-called neutral level of interest rates where policy doesn’t help or hurt the economy
Fed hikes its key interest rate again and signals more are coming despite Trump's criticism - Los Angeles Times
9/26/2018, 6:58:47 PMDespite President Trump's unusual public criticism of their monetary policy, Federal Reserve officials inched up their key interest rate again on Wednesday and indicated they would be undaunted in continuing to hike the rate in the face of strong economic growth. ✔ The U.S. economy grew at a 4.2% annual rate in the second quarter of the year, the best since 2014, boosted by solid growth worldwide and the stimulus of the tax cuts that kicked in Jan. 1 ✔ When presidents do try to influence the Fed, they typically do it behind the scenes
Trump metals tariffs will cost Ford $1 billion in profits, CEO says
9/26/2018, 6:36:47 PMSteel and aluminum tariffs imposed by the Trump administration have cost Ford Mo... ✔ U.S. President Donald Trump’s steel and aluminum tariffs will boost car prices by hiking commodity costs for manufacturers, automakers have warned ✔ During the presidential campaign, Trump lambasted U.S. trade deficits as detrimental to American manufacturers and workers ✔ Our Standards:The Thomson Reuters Trust Principles
Trump accuses China of 2018 election meddling, but presents no evidence at UN
9/26/2018, 7:43:17 PMU.S. President Donald Trump on Wednesday accused China of seeking to meddle in the Nov. 6 U.S. congressional elections, saying Beijing did not want his Republican Party to do well because of his pugnacious stance on trade. ✔ Don Emmert | AFP | Getty Images US President Donald Trump speaks during the United Nations Security Council briefing on counterproliferation on the second day of the UN General Assembly, September 26, 2018 at the United Nations in New York ✔ Trump's focus on China and his allegation of election meddling came as a surprise during a formal meeting around the Security Council's horseshoe table that was expected to concentrate on the spread of nuclear, chemical and biological weapons
First lady Melania Trump headed to 4 African countries, leaving Trump troubles behind in Washington
9/26/2018, 4:56:53 PMFirst lady Melania Trump is headed to Africa on Monday and will visit Ghana, Malawi, Kenya and Egypt. ✔ Her spokeswoman, Stephanie Grisham, has not disclosed details of her itinerary yet but did say it would take place during the first week of October ✔ Kenyatta wore a white dress topped by a black-trimmed, bright blue cape with a pattern of orange shuttlecocks ✔ Chip Somodevilla/Getty Images Fullscreen Last SlideNext Slide
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