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Trade War - SERIES 90 {10 articles}

Trump trade war with China is 'BIGGEST RISK' to global economy, warns banking chief

9/4/2018, 6:46:12 PM
US President Donald Trump’s trade war with China has been dubbed “the biggest risk to the global economy” in a chilling warning from the vice chairman of one of the world’s biggest banks. ✔ China became the world’s largest crude oil importer in 2017 (Image: GETTY) This would also see the price of oil rise as Iran’s ability to contribute to the world’s supply is restricted by US sanctions ✔ He agreed in July to hold back on his proposed 25 percent tariffs on cars to allow the EU to develop ways to cut down trade barriers, but became frustrated with the lack of progress from Brussels and intensified his trade rhetoric this week


Global investor Dan Arbess: Buy BATs — Baidu, Alibaba and Tencent — despite Trump-China trade war

9/4/2018, 4:59:41 PM
Dan Arbess tells CNBC he is extremely optimistic about Chinese internet stocks. ✔ Regardless of what happens in trade, the best idea that I've got right now, as a stock idea, is the BATs: the Chinese equities, Baidu, Alibaba, Tencent, said Arbess, CEO of money management firm Xerion Investment and former partner at the global advisory and asset manager Perella Weinberg


European shares dip as trade worries grow, banks shine

9/4/2018, 4:27:34 PM
European shares abandoned early gains and closed in negative territory on Tuesday, as investors grew increasingly worried that the United States would slap new tariffs on Chinese imports and get the trade war in full swing. ✔ It was a good session for banks, with the sector’s index .SX7P rising 0.7 percent, supported by strength among Italian lenders following soothing comments from Italian ministers on forthcoming budget proposals ✔ Our Standards:The Thomson Reuters Trust Principles


U.S. apple farmers afraid they will be hurt by U.S.-China trade battle

9/4/2018, 6:18:32 PM
Apple farmers across the U.S. Northwest fear they will be the next victims of a U.S.-China trade war that left cherry growers in the same region with weak prices and having to scramble for alternative buyers because of prohibitive Chinese tariffs. ✔ The governments of those key destinations have countered Trump’s tariffs with hefty levies of their own ✔ The same uncertainty is plaguing growers of almonds, pistachios, pears, peaches and other produce and high-value crops ✔ Our Standards:The Thomson Reuters Trust Principles


S&P Global CEO is Optimistic about Stocks: "Market Conditions are Very Strong"

9/4/2018, 7:57:17 PM
S&P's Peterson says the chances of a U.S. recession are "very low". ✔ And one big question for investors on Wall Street is will stocks keep going up and breaking new records ✔ With revenues of $6 billion, the New York based company is ranked on the Fortune 500 list of America’s largest companies ✔ S&P’s stock has been rallying along with the rest of the markets


Facebook Has More Hard Times Ahead

9/4/2018, 4:36:09 PM
Wednesday’s testimony is one of several hurdles for FB stock. ✔ Facebook stock is down 11.6 percent overall in the past three months, but it still has plenty of supporters on Wall Street ✔ NASDAQ: FB 171.09 PRICE (USD) 4.64 (-2.64%) DAILY CHANGE 52 Week Low 52 Week High 149.02 218.62 See full interactive chart for FB » Data as of 11:03 am on 9/4/2018


Breakingviews - Nike puts politically divisive spring in its step

9/4/2018, 7:40:32 PM
(Reuters Breakingviews) - Nike is putting a politically divisive foot forward. The sneaker group will feature Colin Kaepernick, the first U.S. National Football League player to kneel in protest during the national anthem, in its “Just Do It” 30th anniversary ad campaign. Companies often shy away from politics, but in the commoditized sneaker trade, it’s a risk worth taking. ✔ While some may now shun the brand, others will actively seek it out ✔ It doesn’t hurt to make friends from the other side of the political aisle ✔ As Milton Friedman said in 1970, the social responsibility of business is to increase profits ✔ That goal, and supporting Kaepernick’s protest, may not be incompatible


Morgan Stanley says investors should ignore the midterms and watch profits and the Fed instead

9/4/2018, 4:59:40 PM
The upcoming midterm congressional elections could matter to some asset classes though the impact would come only with a major surprise, analysts at Morgan Stanley said. ✔ However, Morgan Stanley expects that fiscal stimulus is as good as it gets and unlikely to get much of a lift in the face of debt and deficit concerns ✔ We think investors will fare better focusing on underlying fundamentals and the Fed instead of the ballot box


Abe rival Ishiba says differences lie in 'political style'

9/4/2018, 6:46:28 PM
Ruling party leadership candidate says Japan must prepare social security for 2040 ✔ Campaigning begins on Friday, with the vote held Sept ✔ Abe's signature economic policy, Ishiba argued, has had the good fortune to benefit from strong economic conditions abroad ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th


U.S. factory activity hits 14-year high; supply constraints rising

9/4/2018, 6:18:33 PM
U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but increasing bottlenecks in the supply chain because of a robust economy and import tariffs could restrain further growth. ✔ A measure of export orders, however, fell in August, likely reflecting the dollar’s more than 5.0 percent rise this year against the currencies of the United States’ main trade partners ✔ The survey’s supplier deliveries index jumped to a reading of 64.5 last month, highlighting the rising bottlenecks in the supply chain, from 62.1 in July ✔ Our Standards:The Thomson Reuters Trust Principles


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