Euro zone manufacturing growth eases on trade war worries: PMI
9/3/2018, 8:24:40 AMEuro zone manufacturing growth slowed to a near two-year low in August as optimism dwindled amid growing fears of an escalating global trade war, a survey showed on Monday. ✔ The future output index, which measures optimism, fell from 62.4 to 61.0 - its second lowest reading since late 2015 ✔ U.S. President Donald Trump has told aides he is ready to impose tariffs on $200 billion more in Chinese imports ✔ Our Standards:The Thomson Reuters Trust Principles
Shin-Etsu to boost silicone output by 50% as new rules and trade war hit China rivals
9/3/2018, 9:19:16 AMJapanese chemicals major to spend 110bn yen to disperse production ✔ Shin-Etsu did not disclose specifics of its capacity increases, but it plans to increase output by 50% from the current level by the end of 2020 ✔ The Japanese company has the fourth largest share in the global silicone market, where U.S. chemicals maker DowDuPont has the top share
Tariff fight adds to China's economic challenges
9/3/2018, 10:55:55 AMBEIJING (AP) — China faces bigger economic challenges than its trade war with the U.S. Even before tit-for-tat tariffs, growth in the world's No. 2 eco ✔ But it is a tricky balance to strike and communist leaders worry the economy is weakening too much ✔ A lot of this economic slowdown is really the result of an intended policy, said Tai Hui of J.P ✔ Beijing responded by easing lending and boosting government spending.(AP Photo/Ng Han Guan, File)
Factories feeling the pinch from escalating trade conflict
9/3/2018, 10:51:31 AMManufacturing activity took a hit from weak orders in August, surveys showed, a sign firms are feeling the pinch from an intensifying trade war between the United States and China that could derail global growth. ✔ In Germany, Europe’s biggest economy, there are signs global trade tensions are having a more noticeable impact with industrial orders figures for July expected to show only a small rise, after falling by the most in nearly a year-and-a-half in June ✔ Our Standards:The Thomson Reuters Trust Principles
China's slowdown is taking a toll on its factories
9/3/2018, 8:50:51 AMGrowth in output at Chinese factories slumped last month to its lowest level in more than a year, according to data published Monday, as signs of an economic slowdown multiply. ✔ The Chinese government's official manufacturing PMI reading, which was published Friday, showed a slight improvement in August ✔ That could help cushion the downturn, analysts say, but an imminent turnaround in the economy looks unlikely ✔ Growth will probably remain on a downward trajectory well into next year, Evans-Pritchard said
European shares flat amid trade and emerging market worries
9/3/2018, 9:23:17 AMEuropean shares were little changed on Monday as worries about U.S. trade policy and concern over emerging markets weighed on stocks after Asian markets closed lower. ✔ The biggest mover at the open was veterinary products group Dechra Pharmaceutical (DPH.L), which sank close to 20 percent after publishing its full-year results and saying it was implementing a hard Brexit mitigation plan ✔ Our Standards:The Thomson Reuters Trust Principles
Trade worries help dollar settle at one-week highs
9/3/2018, 10:18:53 AMThe dollar consolidated near a one-week high against a basket of rivals on Monday as tensions around global trade negotiations fueled demand for the greenback, though concerns about capital flows checked gains. ✔ It has gained nearly 7 percent since mid-April when trade tensions first arose ✔ On a positioning basis, markets remained firmly in the stronger dollar camp with net outstanding positions holding near their highest levels since January, 2017 ✔ Our Standards:The Thomson Reuters Trust Principles
Hope for partnership
9/3/2018, 8:10:08 AMundefined ✔ If this becomes a reality, the Moon administration will have no other choice but to suffer a serious setback in carrying out its policies, especially for job creation, regulatory reform, innovation promotion and a fair economy ✔ They are also required to redefine their status as a partner, not an enemy, of the government and ruling party
Hong Kong shares fall amid trade woes and weak China data
9/3/2018, 9:30:55 AMI-Cable more than doubles on deal with China Mobile unit ✔ The trade spat between the U.S. and China was also in focus after Trump last week reportedly said he could impose additional tariffs on $200 billion of Chinese goods soon as a deadline for public comments comes due Wednesday ✔ Denim fabric maker Hingtex Holdings tumbled 15.3% following a 29.2% plunge in first-half profit
China's President Xi pledges another $60 billion for Africa
9/3/2018, 10:53:46 AMChinese President Xi Jinping has announced a $60 billion package of aid, investment and loans to Africa, against a backdrop of growing concern about rising debt distress from Chinese loans to the continent. ✔ Chinese President Xi Jinping in Beijing on September 3, 2018 ✔ Africa has borrowed about $130 billion from China since 2000, with loans generally used to finance infrastructure projects ✔ Janet Eom, a researcher at CARI, says this decline is mostly due to falling commodity prices
World stocks slip for third day as trade, emerging market worries nag
9/3/2018, 9:38:19 AMGlobal stock markets fell for a third straight day on Monday, hurt by worries over the escalation of trade disputes between world powers and a deepening sell-off across emerging market currencies. ✔ This morning’s inflation number was very high and the authorities still haven’t got a credible strategy to deal with that, said Chris Scicluna, head of economic research at Daiwa Capital Markets ✔ Brent crude oil LCOc1 was up 23 cents at $77.87 a barrel ✔ Our Standards:The Thomson Reuters Trust Principles
Trump is dangerous again as his Kim Jong-un ‘breakthrough’ turns sour | Simon Tisdall
9/3/2018, 9:10:16 AMFaced by the collapse of his only diplomatic ‘achievement’ and worried about his support at home, the president could go rogue, says the foreign affairs commentator Simon Tisdall ✔ American bungling has thrown into question Moon’s planned visit to Pyongyang next month – and has certainly rendered it more difficult ✔ Trump’s naive and egotistic blundering threatens more made-in-America disasters from east Asia to the Middle East and Europe
Stocks’ Return to Records Paves Way for Volatile Autumn
9/3/2018, 11:07:32 AMU.S. stocks are at all-time highs after an August rally, prompting some investors to brace for a reckoning heading into what historically has been a weak stretch for markets. ✔ Good times: Traders Andrew Silverman, left, Gregory Rowe, center, and Robert Charmak share a laugh Friday as they work on the floor of the New York Stock Exchange ✔ The pace of the gains, as well as that much of it came on relatively low trading volumes, has left some investors wary of a possible pullback
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