What China can gain from Trump's trade war
10/2/2018, 6:15:01 AMundefined ✔ Even as China raises tariffs on U.S. imports, it is lowering tariffs for other countries, in order to fulfill its promise to increase overall imports and bolster domestic consumption ✔ And its impending liberalization of its financial-services sector will amount to its biggest step toward openness since its accession to the WTO ✔ Copyright belongs to Project Syndicate (www.project-syndicate.org)
Donald Trump trade war means US has lost ALL credibility, Erdogan claims
10/2/2018, 7:45:33 AMDONALD Trump’s global trade war has ripped the US’ credibility to shreds, Turkey’s President Recep Tayyip Erdogan said. ✔ Donald Trump has unleashed sanctions against Turkey, Iran, China as trade war intensifies (Image: GEtty) The US has embarked on a false path of solving political problems through the language of blackmail and threats Turkey's President Erdogan And in another broadside, Mr Erdogan said the US continues to cooperate with terrorist organisations in the Syria crisis, singling out Washington’s support for Kurdish militias
U.S. believes it has the upper hand in China trade negotiations with Nafta deal done
10/2/2018, 5:36:33 AMA renegotiated North American Free Trade Agreement, Trump advisers argue, removes the possibility that a trade war could break out on the continent and will make North America a more attractive place for investment. ✔ WASHINGTONWhite House officials are betting that concluding a trade deal with Mexico and Canada will give them more ammunition in their high-stakes battle with China on economic issues and national security ✔ We Want to Hear from You Join the conversation Comment
‘They have to keep us happy’: Trump brandishes his ‘powerful’ tariff stick at India
10/2/2018, 3:36:33 AMAlready engaged in numerous trade disputes across the globe, Donald Trump has slammed India as a “tariff king” which is clinging to the “privilege” of trading with US and struggling to negotiate a deal to appease Washington. ✔ Unless an agreement is reached between the sides, India’s hikes will go into effect on November 3 ✔ Overall bilateral trade between two nations stood at $115 billion in 2016 ✔ That’s how powerful they are, and how good they are ✔ But in many cases, we’re not going to have to use them ✔ Share it with a friend! Trends: India news Trade War news
European shares lower as pressure builds on Italian banks
10/2/2018, 7:45:00 AMEuropean shares fell on Tuesday as anti-euro rhetoric from a senior Italian lawm... ✔ The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 27, 2018 ✔ Strength among oil stocks on the back of rising crude prices helped limit the losses ✔ The STOXX 600 has fallen 1.7 percent so far this year due to worries over a trade war between the US and China and concerns over political stability in the region ✔ Our Standards:The Thomson Reuters Trust Principles
US rate rises compound trade pressure on China
10/2/2018, 12:50:35 AMundefined ✔ So we will prepare for the worst and think the economy will be fine, he said ✔ But that playbook came at a high reputational and strategic cost, by signalling Beijing’s willingness to suspend or even reverse critical reforms when markets are volatile ✔ The Chinese government’s painstaking efforts to internationalise the renminbi, and ultimately challenge the dollar’s global dominance, have stalled ever since
Hong Kong shares slide after slowdown in China factory PMIs
10/2/2018, 5:30:20 AMCasino operators tumble after Macau gaming revenue lags some expectations ✔ The social-media and gaming major on Sunday said it is consolidating its content businesses and creating a new division to provide services for corporate clients in areas such as cloud computing as part of its first restructuring in six years ✔ People's Insurance Group of China rose 4% after saying the China Securities Regulatory Commission approved its proposed A-share offering
US and China trade barbs after warships nearly collide
10/2/2018, 5:50:05 AMU.S. says Chinese vessel's movements in the South China Sea were 'unsafe' ✔ The incident comes as tensions mount on multiple fronts between Washington and Beijing ✔ China on Tuesday canceled high-level security talks with U.S. Secretary of Defense James Mattis ✔ And last week, Trump claimed that China was working to interfere in November's mid-term elections ✔ The two nations are also locked in an escalating trade war
Shell gives go-ahead to major Canada LNG project
10/2/2018, 7:04:16 AMundefined ✔ Global LNG demand is expected to double by 2035 compared with today, with much of this growth coming from Asia where gas displaces coal ✔ Shell is the world’s biggest LNG trader, after having bought BG Group in 2015 ✔ LNG Canada will initially be comprised of two LNG processing units that will supply 14m tonnes per annum, with the potential to expand to a further two trains
Gloomier growth outlook
10/2/2018, 7:27:18 AMundefined ✔ The auto industry is fighting for survival and steelmakers are in trouble amid a global trade war ✔ If the government continues to shout the slogan of inclusive growth, instead of making a policy turnaround, the economy will be unable to get out of the prolonged slump
Forget the trade wars and fears of a market slump - commodities are back!
10/2/2018, 6:17:41 AMBut perhaps the mood music is changing for mining stocks. ✔ Kham | Reuters A worker labels copper products at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam August 11, 2017 ✔ There are two opposing forces, the concern about trade and what is happening to the cyclical environment said Willem De Vijlder, Group Chief Economist, BNP Paribas on CNBC recently
US warship swerves to ‘avoid CRASH’ with Chinese destroyer during chase in South China Sea
10/2/2018, 7:56:02 AMA CHINESE destroyer came dangerously close to colliding with a US warship in what the American Navy has described as an “aggressive” manoeuvre in the South China Sea. ✔ Our forces will continue to fly, sail and operate anywhere international law allows US Pacific Fleet spokesman Captain Charles Brown In response, Beijing has released a series of statements condemning the US Navy for undermining security in the South China Sea and vowing to protects its territorial integrity
Chinese national jailed in US over space tech smuggling scheme
10/2/2018, 2:43:14 AMA Chinese national living in California has been jailed over a scheme to smuggle sensitive space and military communications technology to China. ✔ MUST WATCH (CNN)A Chinese national living in California has been jailed over a scheme to smuggle sensitive space and military communications technology to China ✔ Chen went by several aliases, prosecutors said, including Chunping Ji, for which she acquired a forged passport and rented an office in Pomona to take delivery of the export-controlled items
Asian markets fall on US-China trade worries
10/2/2018, 6:49:52 AMSINGAPORE (AP) — Asian shares fell on Tuesday as relief that the United States had brokered a trade deal with Canada gave way to concerns that negotiations with China were at a st ✔ SINGAPORE (AP) Asian shares fell on Tuesday as relief that the United States had brokered a trade deal with Canada gave way to concerns that negotiations with China were at a standstill ✔ TESLA: Tesla logged its biggest gain in five years after company founder Elon Musk reached a settlement with securities regulators that will allow him to stay on as CEO of the electric car maker
China mounts campaign to counter criticism on Xinjiang
10/2/2018, 7:01:34 AMBEIJING/GENEVA--China is mounting an increasingly sophisticated counterattack to criticism of its po ✔ Look at Belgium, look at Paris, look at some other European countries, Li said, referring to recent terror attacks in these locations blamed on Islamic extremists ✔ If upheaval in Xinjiang spreads outside the borders, it will affect the stability of central Asia and the Middle East, and maybe spread to Europe
Tencent opts for strategy that fits with 'Made in China 2025'
10/2/2018, 6:59:23 AMAfter clashes over youth gaming, tech giant plays up industrial offering ✔ Young boys play Tencent's game Honour of Kings which has been criticized for being addictive ✔ Government ministries said they plan to limit the number of online games and new releases, and may impose age restrictions ✔ Alibaba and its Ant Financial mobile payment affiliate, for instance, provide financing to people in rural areas and help them sell products to urban dwellers, a service that is believed to please a government keen to address underdevelopment in rural areas
'Lost generation' haunts Japan, Abe and the BOJ
10/2/2018, 3:23:17 AMWorkers frozen out in the 1990s now lack the spending power the economy needs ✔ Still, workers locked in dead end but permanent positions could be considered the lucky ones ✔ Less fortunate members of the lost generation have been getting by with part-time or contract positions ✔ Nikkei staff writer Eri Sugiura contributed to this story
The Brexit effect: Brussels tries to blunt the Swiss model
10/2/2018, 4:28:13 AMundefined ✔ The footnote was an unintended compliment to the affluent Alpine country with a population of 8.5m ✔ Last year, the EU had a goods trade surplus with Switzerland of about €40bn ✔ Britain proposed such an approach for goods in its Chequers plan for future EU-UK relations
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