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Trade War - SERIES 93 {16 articles}

Trade war and emerging-market concerns slam Hong Kong stocks

9/5/2018, 10:13:46 AM
All 50 Hang Seng Index members fall as emerging market worries also escalate ✔ Shares of restaurant-chain operator Li Bao Ge Group ended 3.8% lower at 38.5 Hong Kong cents as they began trading on the city's main board, following a transfer from the Growth Enterprise Board for smaller companies ✔ Try 3 months for $9 Offer ends September 30th


Euro zone growth picks up in August but trade war casts a shadow:...

9/5/2018, 10:35:02 AM
Euro zone business activity picked up a bit last month, extending a period of solid growth, but a growing global trade war kept optimism in check and suggests the pace may not be maintained, a survey showed. ✔ DOMESTIC HELP With the trade war intensifying, German services growth was supported by a domestically-driven upswing in Europe’s largest economy, reaching a six-month high, and French activity also picked up, earlier surveys showed ✔ Our Standards:The Thomson Reuters Trust Principles


Dollar rises on fears of new U.S. trade tariffs

9/5/2018, 11:40:37 AM
The dollar rose broadly on Wednesday as concerns grew that U.S. President Donald Trump may soon ramp up a trade war with Beijing by imposing tariffs on more Chinese imports. ✔ But some analysts believe the dollar may yet stumble before the year is out ✔ Cyclical forces will start to work against the dollar: relative economic momentum, relative monetary policy expectations and relative political uncertainty will start to exhibit similar dynamics that weighed on the dollar in the second half of 2017, said Viraj Patel, currency strategist at ING ✔ Our Standards:The Thomson Reuters Trust Principles


Euro zone business activity picked up in August but optimism...

9/5/2018, 8:27:52 AM
Euro zone business activity accelerated slightly last month, extending a period of solid growth, but a growing global trade war kept optimism in check and suggests the pace may not be maintained, a survey showed. ✔ LONDON (Reuters) - Euro zone business activity accelerated slightly last month, extending a period of solid growth, but a growing global trade war kept optimism in check and suggests the pace may not be maintained, a survey showed ✔ An index measuring optimism sank to a near two-year low of 61.6 from 63.1 ✔ Purchasing managers were spooked about the impact of trade wars, IHS Markit said ✔ Our Standards:The Thomson Reuters Trust Principles


Emerging markets and equities reel as dollar flexes muscles

9/5/2018, 9:03:34 AM
A looming deadline in the U.S.-China trade conflict kept the dollar near two-week highs on Wednesday, inflicting fresh losses on emerging markets and sending world stocks lower for the fourth day in a row. ✔ Argentina’s peso fell again on Tuesday, even though International Monetary Fund chief Christine Lagarde confirmed the IMF was working to improve a $50 billion standby finance deal for the country ✔ The peso has shed more than half its value to the dollar this year, with Turkish lira a close second, having fallen more than 40 percent ✔ Our Standards:The Thomson Reuters Trust Principles


Pound US dollar exchange rate: GBP on the defensive despite service sector growth upswing

9/5/2018, 10:03:20 AM
THE pound US dollar exchange rate is currently at around $1.282. This is down 0.2 per cent from today’s starting levels and leaving the pairing at a new two-week low. ✔ Meanwhile the US dollar remains in demand this morning as global trade uncertainty continues to spook investors, spurring them to flock to the safe haven currency ✔ Meanwhile a lull in UK data in the latter half of this week could see the pound struggle to regain its footing, especially if Brexit uncertainty continues to mount


ASX drops to one-month low on weak metals

9/5/2018, 9:12:54 AM
The sharemarket fell to a one-month low on Wednesday as the looming threat of further US tariffs against China weighed on investors. ✔ The NASDAQ Composite and S&P 500 indices have both hit record highs in recent weeks, with the Dow Jones Industrial Average not far its own record high ✔ Most Viewed in Business Loading A relationship banned under traditional law ✔ Our new podcast series from the team behind Phoebe's Fall View episodes


Singapore shares plunge to 16-month low, Malaysia also falls

9/5/2018, 10:47:32 AM
Banks, palm oil producers suffer as Indonesian rupiah sinks to all-time low ✔ IOI Corporation fell 0.7% while Sime Darby Plantations was 0.4% lower ✔ Malayan Banking (Maybank) and CIMB Group Holdings, both of which own major operations in Indonesia, fell 1.2% and 3.8% respectively ✔ - Alexander Winifred and Joannah Perez Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th


Big Tech on Capitol Hill; Emerging markets fears; JD.com under pressure

9/5/2018, 9:56:34 AM
Here's what you need to know about the markets before you start your business day. ✔ Big Tech in Senate: Big Tech executives are coming to Capitol Hill on Wednesday to testify about election meddling ✔ The committee requested that a high-profile executive from Google, which owns YouTube, also appear to testify ✔ The Dow Jones industrial average shed 0.1% on Tuesday, while the S&P 500 and Nasdaq dropped 0.2%


Trapped in low growth

9/5/2018, 8:00:45 AM
undefined ✔ More worrisome is that there is little sign of an economic turnaround anytime soon ✔ An escalating trade war between the U.S. and China, the currency turmoil in Turkey and other emerging economies, and soaring oil prices are adding insult to the injury ✔ Arrogance and bigotry are only a recipe for failure


Gold steadies, but fights to trade above $1,200 as trade jitters unsettle markets

9/5/2018, 11:39:04 AM
Gold futures struggle to trade above $1,200 an ounce early Wednesday as worries about trade negotiations and placid dollar served as competing forces, holding the precious metal at break-even levels. ✔ The yellow metal dropped below the $1,200 price level as U.S. fundamentals firmed after the positive manufacturing data confirms the steady pace of the American economy, wrote Alfonso Esparza, a senior strategist at online trading platform OANDA in a Wednesday research note


‘Two-Plus-Two’ doesn’t make four for India & the US

9/5/2018, 11:57:56 AM
India and the US will hold their first ‘two-plus-two’ dialogue intended to expand “global strategic partnership.” Whether it can help overcome the drift and uncertainty that has crept into bilateral ties is anyone’s guess. ✔ The fate of the Indo-Pacific region hinges on this crucial question ✔ It is an independent actor whose geography and level of economic and military power drive it to prefer strategic linkages with Russia and Iran ✔ Carefully calibrated reciprocal policy adjustments and respect for sovereign choices can keep the bilateral engine humming in the future


Deutsche Bank’s index eviction obscures bigger picture

9/5/2018, 8:00:07 AM
undefined ✔ The lenders’ struggle over the last decade boggles the mind ✔ With a market value of just 0.4 times its book value, there is potential upside for Deutsche shares ✔ But barring such external shocks, investors in Deutsche Bank and Commerzbank may find that the darkest hour is just before the dawn


Smartphone slowdown tests new leadership at Taiwan's chip champion

9/5/2018, 8:13:16 AM
In late August, the new chairman of chip-making titan Taiwan Semiconductor Manufacturing Co, Mark Liu, got the sort of news that would make any boss smile: his biggest competitor was throwing in the towel. ✔ The issue is that these new areas are not going to be big enough in the foreseeable horizon to offset the slowing growth of smartphones, said Mark Li, an analyst at Sanford C ✔ ($1 = 30.7330 Taiwan dollars) Our Standards:The Thomson Reuters Trust Principles


Perspective | Should the Federal Reserve pay more attention to inflation or unemployment?

9/5/2018, 10:07:15 AM
An important new paper that could influence interest-rate policy comes to a counter-intuitive result. ✔ By Jared Bernstein Jared Bernstein, a former chief economist to Vice President Joe Biden, is a senior fellow at the Center on Budget and Policy Priorities and author of 'The Reconnection Agenda: Reuniting Growth and Prosperity' ✔ Suppose the central bank takes my advice and targets inflation instead of unemployment


House seeker hopes 'blue wave' floods a conservative corner

9/5/2018, 11:48:32 AM
REDMOND, 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


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