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Trade War - SERIES 190 {14 articles}

U.S.-China trade war triggers seafood supply chain shake-up

9/28/2018, 11:13:54 AM
The U.S.-China trade war has triggered a seafood supply chain shake-up, with U.S... ✔ But China is the source of much of the seafood found in low-cost frozen products sold by mass discounters such as Walmart Inc, and stockpiles could soon be running low ✔ ($1 = 1.3024 Canadian dollars) Our Standards:The Thomson Reuters Trust Principles


'Possible' for Chinese yuan to fall another 10 percent if trade war escalates, economist says

9/28/2018, 9:39:31 AM
The Chinese yuan could depreciate by another 10 percent against the greenback if the U.S. continues to raise tariffs on Chinese imports, independent economist Andy Xie says. ✔ studioEAST | Getty Images US dollar and China Yuan arranged for a photograph on September 7, 2017 ✔ He said that continued weakness in the yuan will do more harm than good for his country ✔ We're not really expecting to see significant currency devaluation, he told CNBC's Squawk Box on Friday ✔ So the exchange rate has to reflect the new reality


Ex-Treasury Secretary Henry Paulson Says Trump's China Trade War Could Mean Long-Term Pain

9/28/2018, 11:20:44 AM
“The question really is: Is China going to start looking for new markets for which they’re going to buy soybeans?” ✔ Are they going to want the U.S. to be a supplier if they think the United States is going to come in and break up the supply chain ✔ Is a foreign investor going to want to come in and build a plant in the United States if they’re afraid they’re going to be in the middle of a tariff war ✔ Had regulators waited until Wall Street firms collapsed, I don’t think we could have put this system together again


Kentucky Distilleries Are Making More Bourbon Than They Have in Almost 50 Years. But the Trump Trade War Has Them Worried

9/28/2018, 10:35:15 AM
The Kentucky Distillers' Association has touted strong figures for the state's bourbon sector, but also expressed fears over tariffs. ✔ According to the KDA, Kentucky distillers are set to benefit from new laws that allow visitors to ship souvenir bottles home to other states ✔ Pepper bourbon brand complained a couple months ago that the EU tariffs meant the European price of one of his bottles would likely rise from €35 ($40.60) to €45 ($52.20,) while Jack Daniel’s maker Brown-Forman (bf-b) also predicted price rises


How Trump's China spat is killing global appetite for M&A

9/28/2018, 10:35:05 AM
Mergers and acquisitions are down globally by $783 billion in the third quarter of this year, marking a decline of 35% from the quarter before as a US-China trade war threatens deal prospects. ✔ US President Donald Trump's escalating trade war has cast doubt about other possible deals involving China, including the planned $23 billion acquisition of Rockwell Collins by aerospace supplier United Technologies ✔ We're already seeing signs that geopolitical risks, including trade tensions, are dimming the prospects for large-scale M&A going into next year, Cristerna told BI


Inflation Rears Its Head in China

9/28/2018, 9:41:32 AM
Food-price inflation is returning to China at a bad time for Beijing, making it costlier to sustain pressure on American farmers and prop up growth. ✔ That suggests the cause goes deeper than temporary supply disruptions from bad weather and a swine fever outbreak ✔ But the alternative is just as unpalatable, risking a sharper investment slowdown and defaults at local governments’ fundraising companies, which could roil the bond market ✔ Either way, 2019 looks like a tricky year for China even without a full-scale trade war waiting in the wings


Dip in underlying euro zone inflation likely to worry ECB

9/28/2018, 10:02:52 AM
Underlying price pressures dipped unexpectedly in the euro zone's 19 countr... ✔ Germany has been unhappy with loose monetary policy for years ✔ But the ECB is unlikely to tighten policy in response to an inflation rise fueled by energy costs, mostly because such increases tend to be temporary and also slow growth by reducing disposable incomes ✔ For details of Eurostat data click on: here Our Standards:The Thomson Reuters Trust Principles


Hong Kong home prices fall for the first time in 29 months

9/28/2018, 8:15:04 AM
Asia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on asia.nikkei.com ✔ trade war clouds the outlook for the city's economy ✔ A flat of that size on Hong Kong Island cost an average of HK$10.8 million ($1.38 million) in August, according to official data ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th


Donald Trump, the UN, and the fracturing of the west

9/28/2018, 9:33:51 AM
undefined ✔ Should further evidence be needed that the old world order is shaking at its core, it was on display at the UN General Assembly in New York this week ✔ There have been other disagreements: over the Palestinian territories, over the 2003 Iraq war ✔ They passed without permanently fracturing the alliance


European funds lift stock allocations to eight-month high

9/28/2018, 11:21:54 AM
European fund managers increased their global equity holdings to an eight-month ... ✔ Markets dislike uncertainty, so superficially there are similarities with the (Richard) Nixon impeachment, said Peter van der Welle, a strategist at Robeco ✔ However, in contrast with today’s stable growth regime, the Nixon impeachment coincided with a very volatile macro-economic climate given the fall of Bretton Woods and a major oil crisis ✔ Our Standards:The Thomson Reuters Trust Principles


Hong Kong stocks fall for a fifth month amid trade tensions

9/28/2018, 11:03:20 AM
Drugmakers and developers among the worst hit stocks, while energy shares rise ✔ Adding to the pressure on the property sector in Hong Kong, banks including HSBC Holdings, Hang Seng Bank, Standard Chartered and BOC Hong Kong Holdings on Thursday raised their lending rates in the city ✔ Try 3 months for $9 Offer ends September 30th


SEC vs Musk, Kavanaugh Hearings, M&A Record: CEO Daily for September 28, 2018

9/28/2018, 10:42:54 AM
Must-read business news, delivered every morning. ✔ By Alan Murray and David Meyer 6:34 AM EDT Good morning ✔ The SEC wants Musk out, and banned from being a director of any public company ✔ The role is being assumed by Kristinn Hranfsson, an Icelandic investigative journalist who was long spokesman for the whistleblowing-slash-email-laundering organization


Trump's 'public charge' rule for immigrants attacks a problem that doesn't exist

9/28/2018, 11:16:10 AM
The Trump administration wants to bar immigrants who receive public assistance from gaining permanent residency. Its proposed rule is unnecessary, lawless and cruel. ✔ Yet the Food and Nutrition Act, which authorizes SNAP, provides in section 8(b) that the value of benefits that may be provided under this act shall not be considered income or resources for any purpose under any federal, state or local laws, including, but not limited to, laws relating to taxation, welfare and public assistance programs


'We didn’t learn anything' — Billionaire investor Stanley Druckenmiller says the next financial crisis could be worse than the last, and lays out how it might happen

9/28/2018, 8:08:00 AM
BI PRIME: Billionaire investors Stanley Druckenmiller warns that the next financial crisis could be even worse than the last. In an exclusive interview obtained by Business Insider, he discusses what could cause the meltdown, and weighs in on a wide range of other topics. ✔ During that period, he's earned 30% compounded annual returns, and never experienced a down year ✔ And at least for two or three months, I've been dead wrong ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content


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