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Trade War - SERIES 88 {14 articles}

In a trade war, everyone loses

9/4/2018, 11:58:37 AM
China could retaliate beyond tariffs. ✔ Despite assurances from President Trump, this may be a long and costly conflict with economic casualties mounting on both sides of the Pacific ✔ In contrast, Chinese-owned affiliates in the United States sold only $22 billion that year to U.S. customers ✔ We seem to be condemned to learning the lesson all over again that trade wars are for losers


Dollar powers ahead on trade war concerns; euro falls

9/4/2018, 9:30:45 AM
The dollar extended gains across the board on Tuesday, rising nearly half a percent, as concerns about a possible escalation in trade conflict between the United States and China prompted investors to dump emerging market currencies. ✔ It has gained nearly 7 percent since mid-April, when trade tensions first spilled into the limelight, and is set for its biggest daily rise in nearly two weeks ✔ On a positioning basis, markets are firmly in the stronger-dollar camp, with net outstanding positions holding just off the highest levels since January 2017, calculations by Reuters and Commodity Futures Trading Commission data show ✔ Our Standards:The Thomson Reuters Trust Principles


Trump's trade war with China is 'the biggest risk to the global economy,' BlackRock exec says

9/4/2018, 9:47:49 AM
BlackRock Vice Chairman Philipp Hildebrand described the Federal Reserve's current pace of credit tightening as a "healthy" and "necessary" process. ✔ Qilai Shen | Bloomberg | Getty Images President Donald Trump, right, and Xi Jinping, China's president, greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017 ✔ Impact of Canada-US trade deal on business is uncertain: Professor    2:43 AM ET Fri, 31 Aug 2018 | 04:42 Washington and Beijing have already applied charges to $50 billion of each other's goods in a tit-for-tat trade dispute


Trump must not let the North Korea denuclearization talks stall

9/4/2018, 9:49:35 AM
Trade war or not, cooperation with China is crucial to spur change in Pyongyang ✔ South Korean President Moon Jae-in, who is scheduled to visit the North in September, also has an important role to play ✔ We hope the South Korean leader's primary focus at the coming summit is urging the Kim regime to take steady strides toward denuclearization ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th


US media list hardest-hit states in trade disputes with China

9/4/2018, 9:20:33 AM
A popular business news website in the United States on Monday published a list showing which states of the nation could be hit the most in trade disputes with China. ✔ A worker sorts and removes imperfect almonds at Capay Canyon Ranch in Esparto, California, in April ✔ However, an Assembly Joint Resolution (AJR) approved by the congress of the Golden State on Aug 31 indicated that California does more business with China than any other US state


Chinese companies drive gains for Asian stocks

9/4/2018, 11:23:28 AM
China Unicom, China Telecom gain on merger report ✔ U.S. President Donald Trump has reportedly said he may impose the tariffs soon after the deadline this week ✔ Wireless carrier China Unicom (Hong Kong) jumped 5.9% ✔ On Tuesday, Bloomberg reported that Beijing is exploring a merger between the company and China Telecom to boost 5G development ✔ Try 3 months for $9 Offer ends September 30th


Malaysia, Singapore shares steady post range bound session

9/4/2018, 10:57:24 AM
Global trade, weak emerging market currencies dominate investors' concerns ✔ I expect some short-term choppiness due to the trade war, which has yet to be resolved, said Areca Capital's Chief Executive Danny Wong ✔ Malaysia is due to release official data on external trade and industrial production for July this week ✔ Malaysia's central bank will also announce its monetary policy decision on Wednesday ✔ Try 3 months for $9 Offer ends September 30th


A swine fever outbreak is the latest threat to China's economy

9/4/2018, 11:36:58 AM
The outbreak of a virus at Chinese farms is the latest problem for the country's slowing economy. ✔ Will Trump's aid package be enough for soybean farmers ✔ The sharp rise in pork prices could stoke inflation and prompt China's central bank to tighten monetary policy even as the economy is slowing down ✔ Pigs are seen in a hog pen in a village in Linquan county in central China's Anhui province Friday, Aug. 31, 2018


China says helping Africa develop, not pile up debts

9/4/2018, 11:58:23 AM
President Xi Jinping pledged $60 billion to African nations at Monday’s opening of a China-Africa forum on cooperation, matching the size of funds offered at the last summit in Johannesburg in 2015. ✔ FALSE AND SENSATIONAL Claims that China was an economic predator in Africa, pillaging natural resources and dragging it into a debt crisis, were as false as they are sensational, the Xinhua official news agency said in a commentary ✔ Separately, Xinhua said China and Mauritius had completed talks on a free-trade pact, which would make the island nation the first African country to strike such a deal with Beijing


Chinese companies lift Hong Kong shares as US-China trade in focus

9/4/2018, 9:32:18 AM
China Unicom and China Telecom advance amid report of merger ✔ The Shanghai Composite rose 1.1% on Tuesday, trimming year-to-date losses to 16.8% ✔ The gauge has been under pressure for most of the year as the U.S. and China imposed punitive import tariffs on goods from each other ✔ Try 3 months for $9 Offer ends September 30th


No-deal Brexit odds hold at one in four, economists say - Reuters poll

9/4/2018, 9:17:54 AM
The chances Britain will leave the European Union in March without a deal are one in four, a Reuters poll found, and the Bank of England is likely to wait until after Brexit before raising borrowing costs again. ✔ Medians gave the likelihood of one in the coming year as 15 percent, down from 20 percent given in July, and within two years at 25 percent ✔ But as there is still little clarity on how Britain will trade from April, and as a global trade war escalates, median forecasts for post-Brexit economic growth were revised down from August projections ✔ Our Standards:The Thomson Reuters Trust Principles


The surprising reasons why Trump’s trade wars will boost U.S. jobs — and stocks

9/4/2018, 9:31:33 AM
Freer trade, deregulation, surging small-business, and other positives for U.S. growth are likely, writes Ed Yardeni. ✔ So let’s explore the implications of these mostly bullish possibilities: 1 ✔ More likely is that companies will continue to reach out to able-bodied workers who have dropped out of the labor force ✔ Subscribe to MarketWatch's free Europe Daily newsletter ✔ We Want to Hear from You Join the conversation Comment


Dollar shifts up through the gears, EM currencies skid again

9/4/2018, 9:30:57 AM
A rebound in Chinese shares and a rally in Italian bonds bolstered Europe's spirits on Tuesday, though the pressure remained firmly on emerging market currencies as the dollar shifted up through the gears again. ✔ REUTERS/Toru Hanai The public comment period on a U.S. proposal for new tariffs on Chinese goods is set to end on Thursday, after which U.S. President Donald Trump can follow through on plans to impose levies on $200 billion more of Chinese imports, though it is unclear how quickly that will happen


Jeremy Grantham has predicted every modern financial bubble — here’s where he says you should be putting your money

9/4/2018, 10:15:26 AM
BI PRIME: Jeremy Grantham is a world-renowned investor who has called every modern financial bubble. In an exclusive interview, he reveals his big investment pick for the future, and provides a detailed explanation. ✔ These are two commonly espoused pearls of wisdom that are frequently heard and then promptly ignored by investors ✔ Business Insider recently spoke with Grantham and got the details around his big contrarian recommendation ✔ It could work particularly well if you tilt toward the cheaper industries and sectors within emerging


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