Pork Giant Smithfield Calls Trade War Necessary to Open Chinese Market
9/27/2018, 8:05:18 PMCEO Ken Sullivan said a resolution to the standoffs that have resulted in retaliatory tariffs from China and Mexico isn’t occurring quickly enough. ✔ U.S. farm income is expected to drop 13% in 2018 to $66 billion, according to the Agriculture Department ✔ Many farmers aren’t able to withstand that pressure after multiple years of a down cycle, Beth Ford, CEO of dairy-foods maker Land O’Lakes Inc., told attendees of the forum ✔ We need the administration to work with speed, Ms. Ford said
Asia markets news: Trade war risks PLUMMETING global growth as Nikkei 225 dips on Fed hike
9/27/2018, 11:40:14 PMASIAN markets experienced a turbulent day on Thursday after the US Federal Reserve hiked for the eighth time since 2015 after lifting its key interest rate for the third time this year. ✔ Asian markets: There were declines in key equity benchmarks in Japan, Hong Kong, China and Australia (Image: GETTY) Analysts said this could mean that the US central bank may believe the policy rate is getting closer to neutral ✔ He added: While we know today that the Fed did and should have raised policy rates by 25 bps, and is very likely to do so again at its December meeting, it is when and where they stop raising rates that we think is much more interesting for markets
US must 'learn to live' with China, Mahathir says
9/27/2018, 11:15:25 PMIn first return to UN in 15 years, prime minister seeks to reshape Malaysia's image ✔ Whether one likes it or not, China is there, and China is going to play a bigger role in world affairs, Mahathir told an audience at the Council on Foreign Relations here on Wednesday ✔ He suggested that the use of economic pressure against weaker countries is a kind of colonialism ✔ Mahathir painted an optimistic picture of his country under his not-quite-new leadership ✔ Try 3 months for $9 Offer ends September 30th
China strikes back by going after America's energy companies
9/27/2018, 11:30:03 PMThe United States has an abundance of natural gas that pollution-riddled China badly needs to wean itself off coal. ✔ MUST WATCH This story was originally published September 19, 2018 ✔ Tariffs less than feared Now, the tariffs will likely price US LNG out of the Chinese market, according to S&P Global Platts ✔ There are other suppliers around the world that would gladly supply China -- and they don't have a 10% tariff, said Riedl
Trump's election meddling charge against China marks U.S. pressure...
9/27/2018, 10:19:10 PMp’s accusation of Chinese meddling in upcoming U.S. elections marks a new phase ... ✔ China has strongly denied any effort to interfere in the U.S. elections, calling such accusations slander ✔ Iowa, which voted for Trump in 2016, is a state whose farmers face damage from any protracted trade war, which has already featured billions of dollars in tit-for-tax tariffs ✔ But some analysts questioned the wisdom of going too far ✔ Our Standards:The Thomson Reuters Trust Principles
Kentucky bourbon production at highest level in nearly 50 years
9/27/2018, 8:04:37 PMDistillers surpass 1.7m barrels for only second time since 1968 but Trump’s trade tariffs gives US whiskey industry a headache ✔ The American bourbon boom continues apace with a report on Thursday that Kentucky’s distilleries are now making more of the spirit than at any time in almost 50 years – although Donald Trump’s international tariffs initiative is giving the industry a headache ✔ The latest official figures were reported before bourbon got caught up in Trump administration trade disputes, resulting in tariffs imposed in some key overseas markets for bourbon, including the European Union
8@eight: ASX set for bright open
9/27/2018, 10:04:51 PMWhat happened overnight and what's ahead for the ASX. ✔ US equity indices heated up again, led by an appetite for tech stocks, which pushed the NASDAQ up over 0.6 per cent, and the benchmark S&P up by around 0.3 per cent ✔ Market watch: SPI futures up 28 points or 0.5% to 6198 at 7.30am AEST AUD -0.7% to 72.05 US cents On Wall St: Dow +0.2% S&P 500 +0.3% Nasdaq +0.7% In New York, BHP -0.1% Rio -0.4% Atlassian +1.6% In Europe: Stoxx 50 +0.5% FTSE +0.5% CAC +0.5% DAX +0.4% Spot gold -0.8% to $US1184.63 an ounce at 2.20pm New York time Brent crude +0.2% to $US81.48 a barrel US oil +0.6% to $US71.99 a barrel Iron ore -0.4% to $US68.67 a tonne Dalian iron ore -2.4% to 489 yuan LME aluminium -1.7% to $US2030 a tonne LME copper -1.5% to $US6187 a tonne 2-year yield: US 2.83% Australia 2.05% 5-year yield: US 2.96% Australia 2.24% 10-year yield: US 3.05% Australia 2.69% Germany 0.53% US-Australia 10-year yield gap as of 7.35am AEST: 36 basis points This column was produced in commercial partnership between Fairfax Media and IG
Taiwan lobbies Facebook for 2nd Asian data center
9/27/2018, 8:02:07 PMDespite loss to Singapore, government wants key US facilities for national security ✔ 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
Japan Inc's global push drives Asia M&As, offsets China slowdown
9/27/2018, 11:19:43 PMapan M&A volumes are set to break a 19-year-old record and steal the spotlight i... ✔ REUTERS/Clodagh Kilcoyne/File Photo For the first time since 2014, Japan’s outbound M&A value, at $146 billion as of Sept 26, exceeded that of China’s, as dealmaking remains challenged in the world’s No.2 economy due to a tougher regulatory environment, funding constraints and yuan depreciation amid an ongoing Sino-U.S
Malaysia's Mahathir: A portrait of the premier as an old man
9/27/2018, 10:58:01 PMNEW YORK (AP) — For a few seconds Thursday, Mahathir Mohamad looked his age. The 93-year-old once and current prime minister of Malaysia wobbled a bit as he clasped ✔ NEW YORK (AP) For a few seconds Thursday, Mahathir Mohamad looked his age ✔ He spoke of the absolute necessity of free sea passage so that Malaysia can pursue its trading lifeblood, and of the region's disputes with China over control of the South China Sea
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