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Trade War - SERIES 196 {10 articles}

Trade war fatigue hits China's manufacturers

9/30/2018, 9:17:59 PM
Purchasing index shows slower growth as tariffs weaken export orders ✔ The official employment subindex slid 1.1 points to 48.3, the lowest reading outside the Lunar New Year since July 2016 ✔ Speaking to business representatives in Zhejiang Province on Friday, Premier Li Keqiang pledged to ease regulations further and cut taxes and fees ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th


China manufacturing activity slows as trade war rages

9/30/2018, 9:56:56 PM
Chinese factory activity slowed in September, official data showed Sunday, as the Asian giant's trade war with the United States showed no sign of abating. The Purchasing Managers' Index (PMI), a key gauge of factory conditions, came in at 50.8 for the month, down from 51.3 in August, the National… ✔ Exports increasingly dragged down performance and continued softening demand began to have an impact on companies' production, said Caixin analyst Zhengsheng Zhong ✔ A brighter outlook could be found away from China's factories, however, with an official gauge of non-manufacturing activity showing the sector expanding to 54.9 in September from 54.2 in August


Asia markets set for mixed open amid a slowdown in China's manufacturing sector

9/30/2018, 11:59:44 PM
Data releases on Sunday showed that China's manufacturing sector slowed down in September, amid Beijing's ongoing trade war with the U.S. ✔ The data comes as the U.S.-China trade war continues to escalate, with new tariffs imposed between the two countries on Sept ✔ 24 and Washington threatening to slap tariffs on virtually all Chinese imports into the United States ✔ CNBC's Fred Imbert and Reuters contributed to this report


Mizuho Securities and Tata set up India investment fund

9/30/2018, 7:09:40 PM
Japanese brokerage aims to attract $350m for unlisted companies ✔ India offers many promising investment opportunities, according to Tata Capital CEO Rajiv Sabharwal, who cites the steady growth of companies owing to expanding domestic demand ✔ The country's low ratio of exports also means the repercussions of the U.S.-China trade war are limited for India, he says ✔ Try 3 months for $9 Offer ends September 30th


U.S. warship sails near disputed South China Sea islands

9/30/2018, 10:49:43 PM
WASHINGTON--A U.S. Navy destroyer sailed near islands claimed by China in the South China Sea on Sun ✔ The official, speaking on condition of anonymity, said the destroyer Decatur traveled within 12 nautical miles of Gaven and Johnson Reefs in the Spratly Islands ✔ China's foreign ministry did not respond immediately to a request for comment ✔ In May two U.S. Navy warships sailed near South China Sea islands claimed by China


8@eight: ASX set for dreary start to week

9/30/2018, 10:06:39 PM
What happened overnight and what's ahead for the ASX. ✔ As a great leading indicator of economic strength, particularly considering the escalating trade war, PMI numbers have softened in recent months, presumably because of tighter trade conditions ✔ Market watch:  SPI futures down 23 points or 0.4% to 6171 on Saturday morning AUD +0.2% to 72.29 US cents On Wall St: Dow +0.1% S&P 500 flat Nasdaq +0.1% In New York, BHP +0.6% Rio -0.6% Atlassian +0.3% In Europe: Stoxx 50 -1.5% FTSE -0.5% CAC -0.9% DAX -1.5% Spot gold +0.7% to $US1190.88 an ounce 5pm New York Friday Brent crude +1.2% to $US82.72 a barrel US oil +1.6% to $US73.25 a barrel Iron ore +0.8% to $US69.24 a tonne Dalian iron ore -1.1% to 495.50 yuan LME aluminium +1.6% to $US2062 a tonne LME copper +1.2% to $US6258 a tonne 2-year yield: US 2.82% Australia 2.03% 5-year yield: US 2.95% Australia 2.23% 10-year yield: US 3.06% Australia 2.66% Germany 0.47% Italy 3.14% Greece 4.12% US-Australia 10-year yield gap: 40 basis points This column was produced in commercial partnership between Fairfax Media and IG


Wall Street’s Biggest Business Braces for Lackluster Third-Quarter Results

9/30/2018, 4:26:44 PM
The volatility that has boosted banks’ stock-trading business is hampering their fixed-income, commodities and currencies desks. ✔ Rates and currencies make up more than 40% of banks’ total trading revenue ✔ In that case, banks may find themselves exposed, according to Moody’s Corp. A disorderly sale of Treasurys or a hiccup in global growth could impact banks’ revenues through market or credit losses and reduced client activity, the ratings firm said in a recent report


Opinion | Trump is rising to the China challenge in the worst way possible

9/30/2018, 11:57:14 PM
To compete on innovation, the U.S. should make the most of its attractiveness to immigrants. ✔ By Sebastian Mallaby Sebastian Mallaby Email Bio Follow September 30 at 7:33 PM In 1998, the year Google was founded, 2 million Chinese were connected to the Internet, compared with 83 million Americans ✔ PricewaterhouseCoopers estimates that, by 2030, China will add $7 trillion to its gross domestic product as a result of AI deployment, nearly double the bonanza expected in all of North America


ABC crisis: Independence doesn’t mean the right to be wrong or biased

9/30/2018, 8:01:25 PM
There can't be anyone, can there, who doesn't accept that the ABC should be free from political interference? ✔ But what they think isn’t or shouldn't be the issue ✔ Photo: David Porter Then the tables turned after the leaking of emails ✔ I complained recently and regard the response as risible rubbish ✔ Amanda Vanstone is a Fairfax columnist and a former Coalition minister


Monetary sobriety arrives in Asia

9/30/2018, 10:08:51 PM
Indonesia's central bank takes away the punch bowl ✔ Cumulatively, about $21 billion of this dollar debt will mature between now and the end of 2020 ✔ That is a band of which Espenilla's Bangko Sentral ng Pilipinas can only dream ✔ And, unfortunately, just as the Philippine government is distracted by other pursuits ✔ Try 3 months for $9 Offer ends September 30th


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