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Trade War - SERIES 96 {13 articles}

Faced with trade war risk, yuan to manage only modest rise: Reuters...

9/6/2018, 12:24:28 AM
The Chinese yuan will trim only some of its recent losses against the dollar over the coming year, with the People's Bank of China increasingly likely to intervene to support the currency against a still-rampant dollar, a Reuters poll found. ✔ This would allow investors to trade 2 percent above or below the daily reference rate set by the central bank ✔ Following this, bearish bets on the renminbi were sharply reduced, a separate Reuters survey showed ✔ Our Standards:The Thomson Reuters Trust Principles


Asian shares a sea of red on trade, emerging market anxieties

9/6/2018, 3:57:44 AM
Asian shares fell for a sixth straight session on Thursday as oil skidded and safe-haven gold gained, with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the U.S.-China trade war. ✔ Conviction and participation will likely remain light until an announcement ✔ Indonesia's benchmark stock index .JKSE was last up 0.4 percent while the rupiah also rose a tad ✔ An index of emerging market currencies .MIEM00000CUS paused near 15-month lows after two straight days of heavy declines ✔ Our Standards:The Thomson Reuters Trust Principles


Trump poised to tax an additional $200B in Chinese imports

9/6/2018, 7:33:33 AM
WASHINGTON (AP) — The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the ✔ They say a full-blown trade war by 2021 could shrink America's annual economic output by an average of one-third of a percentage point and China's by two-tenths of a percentage point from 2019 through 2021 ✔ Communist leaders who are trying to nurture more sustainable growth in the world’s No. 2 economy clamped down on bank lending to rein in surging debt


Stocks fall and dollar drops in Asia as EM outlook uncertain

9/6/2018, 2:42:32 AM
undefined ✔ The moves came after the emerging market sell-off worsened overnight with developing world equities falling back into a bear market and fuelling concerns of a broader crunch ✔ However, analysts remained mixed on whether the sell-off, sparked by Turkey and Argentina’s twin currency crises, will spread further


Foreign money flows into Asian equities not likely to be sustained:...

9/6/2018, 6:38:14 AM
Overseas buying of Asian equities in August was the highest in seven months, but analysts doubt such inflows could be sustained if the Sino-U.S. trade dispute were to escalate, notwithstanding contagion from Argentina and other volatile emerging markets. ✔ Economic meltdown in Argentina and Turkey and South Africa’s recent fall into recession also deters investors from emerging market countries, especially those with high external deficits ✔ The Indian rupee has hit a record low this week and the Indonesian rupiah touched a 20-year trough following the falls in Argentina’s peso and the Turkish lira ✔ Our Standards:The Thomson Reuters Trust Principles


Are foreigners returning to Seoul bourse?

9/6/2018, 7:22:10 AM
undefined ✔ Foreigners have bought a total of 1.56 trillion won shares in the nation's stock market since Aug. 21 ✔ However, there are still looming uncertainties raised by the Turkish lira crisis and U.S.-China trade war ✔ The highest KOSPI range is forecasted to be 2,410 points in September


Hong Kong shares fall as fears of more tariffs loom

9/6/2018, 5:36:46 AM
Zijin drops after offer to buy Nevsun while China Tower rebounds ✔ Currency crises in Turkey and Argentina, and data this week showing that South Africa was in recession, also dragged on sentiment in Asia ✔ If things turn out to be less bad, we may see a short-term rebound ✔ The company on Wednesday said the suspension was due to a recent increase and abnormal share moves ✔ Try 3 months for $9 Offer ends September 30th


Emerging market, US-China trade worries jolt Asia-Pacific stocks

9/6/2018, 3:18:50 AM
undefined ✔ Thursday 03.00 BST What you need to know Equities choppy after emerging market rout Dollar pulls back Investors wary ahead of next US tariff move Leading quote There is contagion taking place, but we think contagion should be shortlived, JPMorgan Asset Management portfolio manager Ayaz Ebrahim Hot topic Equities were choppy and the dollar pulled back in early Asia-Pacific trading on Thursday as worries persisted over emerging markets and the next stage of the US-China trade dispute ✔ In Sydney, the S&P/ASX 200 was 0.8 per cent lower with the key basic materials and financials segments down 0.9 per cent and 0.6 per cent, respectively


Moody's worried over Korea's growth strategy

9/6/2018, 7:45:06 AM
undefined ✔ Employment growth is going to come under further pressure from another minimum wage hike in 2019 that will add further downside risks to consumption ✔ But hiking rates would further dent already strained consumption and inflation is already comfortably shy of the 2 percent target, she said


U.S. dollar to keep currency crown this year, but not next -...

9/6/2018, 1:22:02 AM
The U.S. dollar, which has had its best yearly performance since 2015 so far in 2018, will hold on to those gains for the rest of the year but beyond that is unlikely to maintain its ascendancy, a Reuters poll showed. ✔ [nL2N1VL1AL] Currency speculators reduced bets in favour of the U.S. currency in the latest week for the first time in 11 weeks, after net long dollar positions hit a more 1-1/2-year high the previous week ✔ (Other stories from the global foreign exchange poll: [nL3N1VQ2R5]) Our Standards:The Thomson Reuters Trust Principles


Deal-shy chipmaker TSMC says it's open to memory acquisition

9/6/2018, 4:12:18 AM
Apple supplier under pressure to diversify as demand shifts beyond phones ✔ TSMC is the sole supplier of Apple's iPhone core processors and Chinese smartphone maker Huawei's high-end Kirin mobile processors, which go into its flagship models ✔ TSMC enjoys a 56% chip market share globally as well as 450 customers worldwide ✔ Try 3 months for $9 Offer ends September 30th


China is losing the new Cold War

9/6/2018, 5:05:06 AM
Beijing seemingly set to follow Soviet Union in doomed arms race with the US ✔ The problem for the CPC is that SOEs play a vital role in sustaining one-party rule, as they are used both to reward loyalists and to facilitate government intervention on behalf of official macroeconomic targets ✔ Try 3 months for $9 Offer ends September 30th


The madness is pouring out of the White House now, for all to see | Richard Wolffe

9/6/2018, 4:33:16 AM
An anonymous New York Times op-ed by a senior Trump administration official and an explosive new book reveal just how bad things are around the US president ✔ Perhaps it was the sight of the captain’s personal lawyer admitting to several five-year felonies that got them worried ✔ Or perhaps it was the thought of a Democratic House firing subpoenas at them from the Cannon office building ✔ All of this might be funny if it weren’t so serious ✔ But no fool wants to drown with the captain we all know is plain crazy


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