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Trade War - SERIES 191 {18 articles}

WTO cuts global trade outlook over escalating tariff disputes

9/28/2018, 3:02:39 PM
Global trade uncertainty and tighter credit market conditions will slow commerce growth for the rest of this year and in 2019, according to the World Trade Organization (WTO). ✔ WTO said that rising trade tensions pose the biggest risk to the forecast, but monetary policy tightening and associated financial volatility could also destabilize trade and output ✔ For more stories on economy & finance visit RT's business section Trends: Trade War newsWTO news


Two U.S. Senators applying for bailout money for farmers under White House program

9/28/2018, 2:41:26 PM
The Trump administration has created a $12 billion program to help farmers hurt by their international trade battle. ✔ Couples filing jointly could seek bailout money if they have under $1.8 million in annual income ✔ Grassley’s net worth in 2015 was $3.3 million, and Tester’s in 2015 was $3.9 million, according to the Center for Responsive Politics ✔ Corn and wheat producers in particular say the USDA’s method of allocating damages dramatically undercounts what they have suffered


Wall Street poised for weekly loss despite Friday gains

9/28/2018, 1:20:58 PM
undefined ✔ US stocks hung on to their gains on Friday but the major indices remain on track to post a weekly loss amid ongoing jitters over a potential trade war with China and speculation over more personnel changes in President Donald Trump’s cabinet ✔ Aside from higher oil prices, stocks also drew support from today’s upbeat industrial production data and the strongest consumer confidence reading in over 14-years


Exclusive: Europe to tell G20 rising trade tensions can seriously...

9/28/2018, 1:09:47 PM
European Union countries will tell the world's financial leaders next month... ✔ The United States has also imposed tariffs on steel and aluminum imports from the EU and threatened duties on European car imports ✔ Those are on hold as long as EU and U.S. trade representatives are in talks on a broader trade deal that would reduce the U.S trade deficit with Europe ✔ Our Standards:The Thomson Reuters Trust Principles


Factbox: Impact of latest round of trade tariffs on European companies

9/28/2018, 12:05:54 PM
Escalating trade tensions between the United States and China, the world's ... ✔ ** Volvo Cars (IPO-VOLVO.ST) and its Chinese owner Geely GEELY.UL have postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks ✔ For an earlier related FACTBOX please see: Our Standards:The Thomson Reuters Trust Principles


Why American stocks keep winning

9/28/2018, 3:19:36 PM
Tax cuts have boosted American companies’ bottom lines, and investors are benefiting. ✔ The gains were across the board for S&P 500 index companies; and that helped vault all types of U.S stock funds to records, whether they focus on big companies or small and the health care sector or financials ✔ The Associated Press contributed to this report


Investors Stay Cautious on Banks as Earnings Season Nears

9/28/2018, 12:07:17 PM
Bank stocks are suffering their worst week in six months, the latest sign that investors remain cautious on the financial sector even as the U.S. economy grows at the fastest pace in years. ✔ The declines rippled through the broader stock market, pushing the S&P 500 into the red for a fourth straight session of declines ✔ Some analysts say the sector’s recent volatility indicates broader anxiety that a trade war will cut demand for loans, with economic weakness in industries tied to banking, such as the housing and auto markets, continuing to worry investors ✔ To receive our Markets newsletter every morning in your inbox, click here


U.S. consumer spending increases steadily in August

9/28/2018, 12:42:33 PM
U.S. consumer spending increased steadily in August, while a measure of underlyi... ✔ A woman shops in the Health & Beauty section of a Whole Foods in Upper St ✔ In August, spending on goods increased 0.3 percent, likely lifted by higher gasoline prices ✔ There was a moderation in monthly price gains in August ✔ Our Standards:The Thomson Reuters Trust Principles


Tesla Tumbles, BlackBerry Gains as Dow Set to End September With a Whimper

9/28/2018, 1:01:01 PM
Turmoil in Italy has helped sink stocks Friday morning. ✔ The Securities and Exchange Commission has officially accused Tesla CEO Elon Musk of fraud ✔ Strong corporate earnings are credited for helping support the market, Tigress Financial’s Ivan Feinseth believes they will continue ✔ Tesla(TSLA) is down 12.4% to $269.44 after the SEC officially accused CEO Elon Musk of fraud


Boeing’s New Planes Could Give a Long-Term Lift, Says Morgan Stanley

9/28/2018, 3:28:28 PM
A decision to move forward with a new mid-sized aircraft could raise the near-term risk profile but its need is “compelling.” ✔ The NMA progam’s net present value, inclusive of services, could be about $15 billion (or $25 a share), Lalwani estimates, a relative drop in the bucket given Boeing’s market capitalization of $211 billion, but it could be pivotal in terms of Boeing’s competitive position, expansion of services and smoothing aircraft-development cycles, even if it comes with interim risk


Analysis | The Finance 202: Elon Musk’s Trump-like behavior just caught up with him

9/28/2018, 12:38:21 PM
Bluster is risk for a business owner. ✔ Bloomberg News's Sho Chandra: Fresh data on the U.S. economy show [Trump’s] escalating trade war is shaping up as a clear drag on growth this quarter ✔ #TNYcartoons A post shared by The New Yorker Cartoons (@newyorkercartoons) on Sep 27, 2018 at 9:34am PDT BULL SESSION The key moments from Christine Blasey Ford's testimony: Brett Kavanaugh's testimony, in three minutes: How senators reacted to Christine Blasey Ford’s testimony:


Tech-focused bank China Renaissance flops in market debut

9/28/2018, 3:12:05 PM
Deal adviser to Meituan and Didi falls 30% in first two sessions ✔ With Beijing's deleveraging efforts and weak financial market sentiment, the funding flowing into the Chinese startups already shows signs of slowing ✔ In August, assets under management of China's private funds -- a major tech investor -- grew by only 10 billion yuan ($1.45 billion) to reach 12.8 trillion yuan for the slowest pace in three years, data from the Asset Management Association of China shows ✔ Try 3 months for $9 Offer ends September 30th


General Electric's stock hasn't bottomed yet because it didn't 'rip the band aid off,' RBC says

9/28/2018, 3:54:11 PM
General Electric hasn't bottomed yet and incremental bad news will continue to weigh on its stock price, RBC says. ✔ To date, GE Power's challenges had been market- driven/secular, but these new turbine issues are arguably self-inflicted ✔ Now read: '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 Facebook's targeting users with ads using data they provided for security reasons and it shows why the company still can't be trusted on privacy HOWARD MARKS: Here's where we'll find 'ground zero' of the next financial crisis Business Insider Get the latest General Electric stock price here


Wall Street and oil take third quarter spoils but bears maul others

9/28/2018, 1:29:33 PM
Wall Street and oil were the big financial market winners in the third quarter o... ✔ REUTERS/Brendan McDermid Brent crude oil LCOc1 gained 3 percent in the July-September period, recently hitting 4-year highs above $82 a barrel as upcoming U.S. sanctions on Iran are expected to dent global supplies ✔ Down 50 percent over the year, it is the biggest faller this quarter with a loss of 27 percent ✔ Turkey's lira TRY= was a close second, losing 23.5 percent this quarter, and down 37 percent year-to-date ✔ Our Standards:The Thomson Reuters Trust Principles


Accenture outlook clouded in Brexit sends weaker signals for Infosys, Wipro

9/28/2018, 12:07:57 PM
Consulting major has forecast smaller-than-expected profit ✔ Accenture's financial services business grew barely 3%, underperforming the company's average 11% growth across sectors, mainly due to a slowdown in Europe ✔ Accenture's outlook for slower growth in financial services continuing in first half was a negative, Nomura said in a report on Friday ✔ Try 3 months for $9 Offer ends September 30th


Seeking clear air, Chinese villagers are cooking with (Australian) gas

9/28/2018, 2:16:50 PM
The village gas stoves in China that are creating Australia's next resource export boom. ✔ Gas has made the air cleaner, and it is more convenient, says Mrs Bo, as her husband stir fries beans from their garden in a heavy wok ✔ Last week, American LNG was stung with a 10 per cent Chinese tariff ✔ After the gas meters were installed, the air was remarkably clear and the living environment was cleaner too, says construction worker, Mr Zhang, 67


The Euro Is Due for a Rebound

9/28/2018, 3:08:22 PM
The Euro Is Due for a Rebound: The common currency is priced for ongoing economic weakness, while the U.S. dollar is priced for strong growth and higher rates. That view could prove wrong. ✔ Earlier this week Draghi noted that policy makers need a bigger tool kit, so they can fight new risks that emerge, including those outside the financial sector ✔ The common use of borrowed moneyleverageto invest in currency markets can make the decisions to exit those positions brutally fast and large


Global M&A volume drops in third-quarter as trade tensions loom

9/28/2018, 2:03:48 PM
Global mergers and acquisitions dropped to $783 billion in the third quarter, do... ✔ Musk decided to scrap the plan and was sued on Thursday by the U.S. Securities and Exchange Commission over his tweets ✔ Hernan Cristerna, co-head of global M&A at JPMorgan, said he believes companies will gradually shy away from mega deals but remain active in midsize ones, despite the uncertain environment Going forward it will be hard to sustain the number of $10 billion-plus deals, Cristerna said ✔ ($1 = 0.7674 pounds) Our Standards:The Thomson Reuters Trust Principles


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