Trade war fears hit markets as China's growth slows - business live
9/5/2018, 7:40:57 AMAll the day’s economic and financial news, including healthchecks on the world’s service sectors ✔ 3.34am EDT03:34 Hong Kong’s companies are also feeling a chill from the US-China trade wars ✔ Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group, says China’s economic growth is on a downward trajectory, adding: Inflationary pressures were pronounced as increases in both input prices and output prices accelerated
Hong Kong shares sink on trade war and emerging market fears
9/5/2018, 6:15:36 AMSunny Optical leads declines across all 50 Hang Seng Index members ✔ All 50 of the gauge's constituents were trading lower ✔ In the mainland, the Shanghai Composite slipped 0.9%, while the yuan traded onshore rose 0.1% to 6.8356 against the U.S. dollar ✔ I-Cable Communications slumped 16.9% in Hong Kong after jumping 186.5% over the last two days following the company's deal to provide services to a unit of China Mobile ✔ Try 3 months for $9 Offer ends September 30th
European markets seen lower amid heightened trade tensions
9/5/2018, 6:00:15 AMEuropean stocks are set to open lower Wednesday morning, as renewed fears over international trade conflicts limited investor appetite for riskier assets. ✔ Meanwhile, investors continued to monitor the threat of fresh U.S. tariffs on another $200 billion worth of Chinese goods ✔ In Asia, MSCI's broadest index of Asia-Pacific shares, excluding Japan, slipped 0.5 percent on Wednesday ✔ On the data front, the euro area is expected to publish retail sales data for July at around 10:00 a.m. London time
Saudi Arabia is said to aim to keep crude in $70 to $80 band
9/5/2018, 4:28:39 AMSaudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world's biggest crude exporter strikes a balance between maximizing revenue and keeping a lid on prices until U.S. congressional elections, OPEC and industry sources said. ✔ That changed in April when U.S. President Donald Trump put public pressure on Riyadh to keep crude prices in check, wanting to stop U.S. fuel costs rising ahead of the U.S. midterm elections in November ✔ Brent crude has fluctuated between $70 and $80 since April 10 ✔ This held for a few years, only to be dropped as prices moved much higher ✔ Saudi Arabia is in need of flexibility in its output policy
Egypt can handle the emerging markets downturn 'up to a limit,' finance minister says
9/5/2018, 5:13:41 AMEgypt is in recovery mode more than seven years after its 2011 revolution sent the economy spiraling. But the austerity measures behind this growth have led to sharply increased living costs for ordinary Egyptians and deepening social discontent. ✔ Wages have not kept up with the rise in living costs, and the Bank cites high inflation and the erosion of real incomes as having taken a toll on social and economic conditions ✔ Egypt's economy improving at a satisfactory level, finance minister says 4 Mins Ago | 06:46
Indonesia president prioritizes exports, investment to stem market...
9/5/2018, 4:48:56 AMIndonesian President Joko Widodo said on Wednesday that multiple external factors were behind the rupiah's fall to 20-year lows and the priority was to increase investment and exports to contain the country's current account deficit. ✔ The Jakarta stock index .JKSE fell 3.1 percent - its fifth straight session of losses - and was poised for only its second decline of more than 3 percent since November 2016 ✔ On Tuesday, Indonesia’s government said that authorities will take firm action against currency speculators, and announced plans to delay import-heavy energy projects ✔ Our Standards:The Thomson Reuters Trust Principles
China August exports seen strong despite U.S. tariffs, shrinking...
9/5/2018, 5:01:17 AMOfficial Chinese data this week is expected to show export growth remained strong in August, despite rapidly escalating U.S. tariffs and signs of shrinking export orders, a Reuters poll showed. ✔ Its overall trade surplus is expected to have expanded to $31.79 billion in August, from $28.05 billion the previous month ✔ SURPLUS WITH U.S. A KEY FOCUS The trade surplus with the United States, a key point of contention for Trump, will be closely dissected ✔ Our Standards:The Thomson Reuters Trust Principles
The consequences of Steve Bannon's ideas need to be interrogated, not just his words | Jason Wilson
9/5/2018, 5:01:24 AMThe ABC was wrong to believe that through an interview alone Bannon could be held to account ✔ The discussion was made more intense by the New Yorker’s announcement that Bannon had been invited to their ideas festival – an invitation since rescinded ✔ With News Corp providing an increasingly receptive platform for touring alt-right grifters, it’s important for the ABC to get it right
Democrat seeks Congress seat in conservative chunk of Oregon
9/5/2018, 6:29:12 AMREDMOND, Ore. (AP) — One of the largest U.S. congressional districts voted overwhelmingly for Donald Trump in 2016, yet an Oregon Democrat campaigning against a Republican incumbe ✔ (AP) One of the largest U.S. congressional districts voted overwhelmingly for Donald Trump in 2016, yet an Oregon Democrat campaigning against a Republican incumbent doesn't see it as hostile territory ✔ She's crisscrossed the high desert, forests and mountains of the 70,000-square-mile (180,000- square-kilometer) district the second-biggest in America among states with multiple districts
Wednesday briefing: 'We need a fairer form of capitalism'
9/5/2018, 5:40:50 AMCall for bold reshaping of British work, wealth and investment … space station leak may have been sabotage … and the shark that eats grass ✔ Top story: ‘An economy for all’ under radical blueprint Good morning – Warren Murray here to guide your finger on to the pulse ✔ Its commission on economic justice argues in a report published today that the shareholder-driven model of capitalism is outmoded, with the UK held back by a culture dominated by decades of short-term profit taking, weak levels of investment and low wages ✔ Boats have been rammed amid anger from the French about UK boats harvesting in certain areas
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