WTO downgrades forecast for global economy and appeals for 'restraint' on trade war
9/27/2018, 2:03:48 PMThe global umpire of trade has downgraded its economic forecast, claiming a rising tide of protectionism has dampened growth. ✔ The global umpire of trade has downgraded its economic forecast, claiming a rising tide of protectionism has dampened growth ✔ This reflects the tit-for-tat tariffs imposed by China and the US since April ✔ On Monday, the US enforced levies of 10pc on $200bn (£152bn)..
US TRADE WAR: How Trump's dispute with China threatens to spark global trade CHAOS
9/27/2018, 2:15:02 PMGLOBAL trade growth could halve by 2020 if the tariff war between China and the US continues to escalate, experts have warned. ✔ US president Donald Trump escalated the trade war with China (Image: GETTY) China's Xi Jinping has refused to back down in the trade war (Image: GETTY) The trade war centres around Mr Trump's demand for Beijing to drop its protectionist economic stance and buy more US goods
Germany recession WARNING: US trade war and Brexit could spark EU CRISIS - Shock report
9/27/2018, 12:44:01 PMDONALD Trump’s threats of sanctions on the German car industry and his unilateral tariffs in other countries could cause a major financial crash across Europe, according to a new report from a leading research centre. ✔ Mr Trump's unilateral trade sanctions are causing problems in different continents (Image: GETTY) The move comes after the Federation of German Industry (BDI) also cut its 2018 forecast 2.25 percent to 2.0 percent on Tuesday, citing weaker demand for German exports due to Mr Trump’s global trade policy and Brexit
Trump's tariffs on Chinese goods to affect some AMD and Nvidia gaming graphics cards
9/27/2018, 12:48:46 PMPresident Donald Trump's trade war with China may lead to higher PC graphics card prices this holiday. ✔ Neil Godwin | Maximum PC Magazine | Getty Images An AMD Radeon RX 480 GPU being fitted to a MSI 970 Gaming motherboard ✔ The gaming graphics business represented nearly 60 percent of Nvidia's sales in its July quarter ✔ The listing included multiple product categories with printed circuit assemblies and electronic calculating machines in the descriptions
China calls Trump’s claim of election meddling ‘totally far-fetched and fictional’
9/27/2018, 2:21:08 PMAmid a trade war, analysts say Trump wants to avoid being blamed for a GOP loss in Iowa. ✔ By Anna Fifield Anna Fifield Beijing bureau chief ✔ With an acrimonious trade dispute rumbling on and amid an increasingly fractious security environment, the latest tit-for-tat could worsen the relationship between the world’s two largest economies ✔ The ripple effect would hit state tax receipts and could affect manufacturing and other jobs, too ✔ The Iowa governor’s race is shaping up to be very close
So much for September being awful for stocks
9/27/2018, 2:10:48 PMIt's historically a stormy month in the market, but consumers are confident and businesses are shrugging off the trade war. ✔ Dow components Boeing (BA) and Caterpillar (CAT), two stocks that do really well when the broader economy is humming, are up 6% and 10% respectively despite worries about a trade war with China ✔ Since the end of April and start of the supposedly sleepy summer months, the Dow is up 9% a jump of more than 2,200 points
US economy grows at fastest pace since 2014 in Q2
9/27/2018, 12:57:51 PMundefined ✔ The second-quarter performance came thanks to surges in consumption and business investment ✔ A separate report also showed durable goods orders, which are seen as a proxy for business investment, rising by the most in six months ✔ However, analysts cautioned that the strong second quarter numbers reflected one-time factors that would be hard to replicate through the rest of this year, particularly as the US steps up its trade dispute with its major trading partners and the Fed remains on track to raise rates one more time this year to prevent the economy from overheating
Why global growth is topping Wells Fargo's list of worries
9/27/2018, 12:46:15 PMWells Fargo Investment Institute's Scott Wren says it's not Fed policy that should worry U.S. investors the most right now. ✔ I think really an all-out trade war is a relatively low probability ✔ Wren sees the actions possibly bleeding into the U.S. stock market because so many American companies rely on business all over the world ✔ Wells Fargo’s top market watcher explains 16 Hours Ago | 05:24 Disclaimer
3Q Fund Review: A hot, America First summer for investments
9/27/2018, 3:40:50 PMNEW YORK (AP) — For investments this summer, it was all America First. Funds that focus on U.S. stocks charged to record heights, bolstered by Apple and other compan ✔ NEW YORK (AP) For investments this summer, it was all America First ✔ Things feel good now, said Matthew McLennan, head of global value at First Eagle Investment Management ✔ That's about a fifth of the 6.7 percent return for the largest U.S. stock mutual fund ✔ (AP Photo/Mark Lennihan, File) FILE- In this Sept
Accenture profit forecast falls short of estimates, shares slip
9/27/2018, 2:32:21 PMAccenture Plc's profit forecast for the year fell short of estimates, overs... ✔ Accenture has spent about $3.4 billion over the last three years nearly half of it in fiscal 2017 on some 70 acquisitions, to boost its digital and cloud services in order to compete better with Cognizant (CTSH.O) and IBM (IBM.N) ✔ Our Standards:The Thomson Reuters Trust Principles
Ford, Walmart vs. Fed: Trump tariff debate
9/27/2018, 3:29:39 PMFederal Reserve Chairman Jerome Powell said the tariffs were having little measurable impact on the U.S. economy so far. ✔ Walmart, one of the country’s largest retailers, wrote in a letter earlier this month to U.S. Trade Representative Robert Lighthizer that the new tariffs could result in higher consumer prices at its stores ✔ In response, Chinese officials reportedly canceled the next round of trade negotiations, and said Trump was employing bullying tactics to bend trading partners into submission
Alibaba and other China heavyweights eye Turkey assets after lira...
9/27/2018, 2:25:33 PMe Chinese companies, including tech giant Alibaba , are actively looking at oppo... ✔ Chinese firms have shown interest in Turkey’s infrastructure, mining, energy, retail and insurance industries, three of the sources said ✔ The heightened Chinese interest comes as the world’s second-largest economy braces for an escalating trade war with the United States ✔ Our Standards:The Thomson Reuters Trust Principles
Malaysia to impose anti-dumping duty on steel, if needed
9/27/2018, 12:10:15 PMTrade ministry monitoring transhipment amid simmering U.S.-China trade spat ✔ To beat the tariffs, some Chinese manufacturers have resorted to rerouting to low-cost Southeast Asian countries such as Vietnam before shipping the goods to the U.S, the Nikkei Asian Review reported earlier this month ✔ Try 3 months for $9 Offer ends September 30th
Italian stocks lead losses in Europe as budget worries
9/27/2018, 1:52:46 PMItalian banks stand out with losses as investors wait for budget news, in an otherwise marginally stronger European market on Thursday. ✔ Elsewhere, investors appeared reluctant to make big moves, tracking modest gains for U.S. stock futures, after the Fed lifted interest rates for the third time this year and indicated it would raise rates at its December meeting, then three more times in 2019
Taiwan desperate for Facebook to build a data center locally
9/27/2018, 1:32:03 PMIsland hopes to draw US investment that it hopes will protect it from Beijing ✔ Whether Facebook will build its second Asian data center is the company's own decision to make ✔ What Taiwan can do now is to ready our environment [for building data centers] and respect the client's decision, Shen told reporters after Facebook's press conference on Thursday ✔ Try 3 months for $9 Offer ends September 30th
Trump says China respects his ‘very large brain’ in bizarre press conference
9/27/2018, 12:10:27 PMPRESIDENT Donald Trump has given what may be his most bizarre press conferences to-date following a speech to the UN that drew laughs from world leaders. Among a series of strange boasts the presid… ✔ EPA 7 Trump didn't seem put off by a smattering of laughter during his UN speech US Ambassador to the United Nations Nikki Haley also took it upon herself to back up the president's version of events at the UN, saying leaders weren’t laughing at Trump – they were respecting him and enjoying his honesty
U.S. core capital goods orders fall; goods trade deficit widens
9/27/2018, 1:40:35 PMNew orders for key U.S.-made capital goods fell in August after four straight mo... ✔ FILE PHOTO: An employee collects items ordered by Amazon.com customers through the company's two-hour delivery service Prime Now in a warehouse in San Francisco, California, U.S., December 20, 2017 ✔ That was the fastest in nearly four years and almost double the 2.2 percent pace set in the first quarter ✔ Job openings hit an all-time high of 6.9 million in July ✔ Our Standards:The Thomson Reuters Trust Principles
Analysis | The Finance 202: Trump and his Fed chair present conflicting views on trade
9/27/2018, 12:57:39 PMDueling news conferences demonstrated a divide. ✔ U.S. farm income is expected to drop 13% this year to $66 billion, according to the Department of Agriculture, extending a yearslong slump in the agricultural economy ✔ #TNYcartoons A post shared by The New Yorker Cartoons (@newyorkercartoons) on Sep 26, 2018 at 10:02am PDT BULL SESSION Trump says China is attempting to interfere in upcoming 2018 election: Michael Caputo loses temper on CNN panel: Injured turtle fitted with custom wheelchair:
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