TRADE WAR: Turkey urges Germany to JOIN FORCES against ‘irresponsible’ Trump
9/26/2018, 9:01:12 PMTURKISH President Recep Tayyip Erdogan has urged Germany to unite alongside other “responsible” nations to avoid a hugely destructive trade war with the United States. ✔ Washington imposed the levies in March, citing national security reasons, prompting retaliatory tariffs from Brussels ✔ A continued escalation of tensions would pose an increased threat to stability, to jobs and to the kind of growth that we are seeing today ✔ There would be no winners from such a scenario and every region would be affected
A new Chinese spying charge and sharpening rhetoric further poison U.S.-China relations - with no end in sight - Los Angeles Times
9/26/2018, 9:13:52 PMWith tensions between the U.S. and China already high, events this week including a new spying charge, a rapid escalation of a trade war and an accusation by President Trump of election interference have led to an increasingly poisonous relationship. ✔ In February, FBI Director Christopher Wray told a Senate Intelligence Committee hearing that espionage by Chinese students, academics and scientists posed a whole-of-society threat that required a whole-of-society response ✔ Mallory was approached by a Chinese intelligence operative posing as a headhunter via LinkedIn
US arrests Chinese 'spy recruit' as ties deteriorate further between Beijing and Washington
9/26/2018, 9:00:14 PMA Chinese citizen was arrested in Chicago for allegedly acting as an “illegal agent” on behalf of Beijing, adding further strain between the US and China. ✔ Ji came to the US in 2013 on a student visa for graduate study in electrical engineering ✔ Earlier this year, former CIA officer Jerry Chun Shing Lee pleaded not guilty after being charged with conspiring to pass along highly classified information about the US's covert operations in China
Donald Trump says tough trade stance, tariffs working
9/26/2018, 10:01:47 PMPresident Trump on Wednesday said his aggressive trade agenda and use of tariffs were succeeding, including boosting steel industry and filing U.S. coffers. ✔ It’s had absolutely, by the way, no impact on our economy ✔ It was a jab at most economists who predicted tariffs would cause the U.S. to suffer higher prices for consumer goods and lost jobs ✔ The president has used tariffs to try to force China to negotiate a trade deal, but so far Beijing instead escalated a trade war
Fast Asia Open: Indonesia and Philippines rates decisions
9/26/2018, 11:18:57 PMundefined ✔ The central bank dropped previous assurances that policy was accommodative as it reduces the economic stimulus it put in place during the crisis ✔ On Wall Street overnight, the S&P 500 fell 0.3 per cent as sinking Treasury yields which move opposite prices pulled equities lower in the wake of the Fed’s decision
China refutes US trade charges in style - Opinion
9/26/2018, 11:51:31 PMundefined ✔ The current circumstances require sober assessment of the situation and prudent actions that lead to further negotiations, rather than escalating the war of words ✔ As a Chinese saying goes, a fire at the city gate brings disaster to the fish in the moat ✔ Yu Yongding, a senior researcher at the Chinese Academy of Social Sciences
US B-52 bombers race to disputed South China Sea as Beijing and Washington face off
9/26/2018, 11:57:12 PMTHE US has sent bombers to the disputed South China Sea regions, stoking further tensions between Washington and Beijing. ✔ He added: The United States military will continue to fly, sail and operate wherever international law allows at times and places of our choosing ✔ Tensions between Washington and Beijing are at boiling point as a trade war develops between the two nations ✔ GETTY TRUMP: The US President gave the order to raise tariffs (Pic: GETTY)
Ford CEO: Steel, aluminum tariffs will cost automaker $1 billion
9/26/2018, 8:06:07 PMTrump administration's move to raise taxes on metal imports is hurting the car maker's profits, chief executive says ✔ The administration justified the tariffs by calling foreign steel and aluminum a threat to U.S. national security ✔ You could see retail prices moving up, he said in a press conference in Washington announcing the Fed's decision to raise its benchmark interest rate for the third time this year, while noting that we're not seeing it yet
Lenovo strengthens big data analysis with help of US partners
9/26/2018, 11:18:45 PMChinese PC maker teams with NetApp and eyes further partnerships ✔ Though that amounts to barely more than 10% of group sales, it represents an almost 70% increase from a year earlier ✔ The company is also pouring resources into building supercomputers for research, made possible by its purchase of IBM operations in 2005 ✔ Try 3 months for $9 Offer ends September 30th
Asia markets set for a lower open after Fed Chair Powell spurs Wall Street declines
9/26/2018, 11:38:19 PMOn Wednesday, U.S. Federal Reserve Chairman Jerome Powell said the central bank did not see inflation surprising to the upside. That sent U.S. stocks lower. ✔ The moves on Wall Street came after Powell told reporters that the Fed did not see inflation surprising to the upside ✔ The Japanese yen traded largely flat against the greenback at 112.76 yen, while the Australian dollar firmed at $0.7259, as of 7:06 a.m. HK/SIN
Nippon Express to launch China-Europe freight train service
9/26/2018, 8:06:17 PMBeijing's Belt and Road push boosts logistics demand ✔ For example, a shipment from Xi'an to Poland would take just 12 to 13 days on a train, compared with roughly 40 days by sea, including ground transportation to and from shipping ports ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
8@eight: ASX to open lower as Wall Street slides on Fed announcement
9/26/2018, 10:04:27 PMWhat happened overnight and what's ahead for the ASX. ✔ Perhaps it is a matter that today’s meeting, for many, truly marks the end of accommodative monetary policy era – and therefore the era of cheap money ✔ Market watch: SPI futures down 16 points 0.3% to 6165 at about 6.45am AEST AUD +0.2% to 72.61 US cents On Wall St: Dow -0.4% S&P 500 -0.3% Nasdaq -0.2% In New York, BHP -0.8% Rio -1.3% Atlassian +0.1% In Europe: Stoxx 50 +0.4% FTSE +0.1% CAC +0.6% DAX +0.1% Spot gold -0.8% to $US1191.83 at 2.44pm New York time Brent crude -0.7% to $US81.33 a barrel US oil -0.9% to $US71.62 a barrel Iron ore down -0.4% to $US68.96 a tonne Dalian iron ore +0.2% to 503 yuan 2-year yield: US 2.81% Australia 2.08% 5-year yield: US 2.94% Australia 2.27% 10-year yield: US 3.05% Australia 2.73% Germany 0.52% US-Australia 10-year yield gap as of 6.45am AEST: 32 basis points This column was produced in commercial partnership between Fairfax Media and IG
Corporations behind increase in developing-world debt – report
9/26/2018, 9:00:38 PMPoorest countries have little protection against Trump’s trade wars and growth slump ✔ Argentina was forced last month to request aid from the International Monetary Fund while many investors have taken bets that Turkey will soon follow suit ✔ In a seemingly clear reference to the US tech giants Apple and Amazon, Unctad said: The increase in profits of large superstar firms has been a major driver of global inequality, widening the gap between a small number of big winners and a large collection of smaller companies and workers that are being squeezed
Trump Says China Is Trying To Swing The Midterms Against Republicans. A Newspaper Ad Is His Evidence.
9/26/2018, 10:26:48 PMChina has tried to pressure Trump by raising tariffs on crops grown by farmers in red states. It also took out a multi-page ad in an Iowa paper. ✔ But it’s less clear that the tariffs are meant to help affect the midterm elections ✔ Several threat intelligence companies told BuzzFeed News they hadn't seen significant Chinese hacking campaigns aimed at US election services ✔ They've actually admitted they're going after farmers, Trump said one final time after a question from a reporter on what evidence existed of Chinese meddling
Trump's Evidence Of Chinese Meddling In The Midterms Is An Ad In An Iowa Newspaper
9/26/2018, 10:33:39 PMChina has tried to pressure Trump by raising tariffs on crops grown by farmers in red states. It also took out a multi-page ad in an Iowa paper. ✔ But it’s less clear that the tariffs are meant to help affect the midterm elections ✔ Several threat intelligence companies told BuzzFeed News they hadn't seen significant Chinese hacking campaigns aimed at US election services ✔ They've actually admitted they're going after farmers, Trump said one final time after a question from a reporter on what evidence existed of Chinese meddling
At U.N., Trump’s foreign policy agenda takes back seat to controversy at home
9/26/2018, 11:51:34 PMTime and again, world leaders were reduced to bit players and key foreign policy issues were lost amid the spectacle of a president consumed by the twin crises engulfing the White House. ✔ By David Nakamura David Nakamura Reporter covering the White House Email Bio Follow September 26 at 7:25 PM NEW YORK President Trump had just announced high-level trade talks between the United States and Japan at a photo op here Wednesday when a reporter shouted a question about the troubled Supreme Court nomination of Brett M ✔ Aides scheduled a busy itinerary for Trump, including bilateral meetings Wednesday with Israeli Prime Minister Benjamin Netanyahu and British Prime Minister Theresa May, as well as with Abe
Iran’s problems are mounting at home and abroad
9/26/2018, 8:25:01 PMThe regime has responded with defiance and conspiracy theories ✔ On September 23rd an illustrious group of former American officials warned that Iran was being unwisely forced to choose between capitulation or war ✔ This year’s intake at the French school in Tehran was down from 350 to 150 ✔ But suffering Iranians may prove a bigger threat to the regime
Asian airlines -- crowded skies
9/26/2018, 10:19:14 PMPressures grow as more carriers chase more passengers ✔ The [economic] pie is getting bigger, says airline analyst Michael Linenberg of Deutsche Bank Securities ✔ That said, the legacy carriers do need to adapt to the new world order ✔ Headwinds abound, including Donald Trump's escalating trade war ✔ Try 3 months for $9 Offer ends September 30th
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