US TRADE WAR: ‘There will be BLOOD ON THE STREETS’ warns economist
10/2/2018, 9:46:44 PMTHE escalating trade war between China and the US could result in “blood on the streets”, an economist has warned, as tension between the superpowers continues to escalate. ✔ The two nations have been engaged in a mounting trade war, which has so far seen them launch fiery rounds of tit-for-tat sanctions on exports between the countries ✔ Businesses have already expressed concerns over tariffs, which they say could disrupt worker visa applications, delay licenses and increase port inspections
US TRADE WAR: Trump to focus ‘ALL HIS IRE’ on China - Beijing BRACES for ‘the real show'
10/2/2018, 8:01:02 PMDONALD Trump looks set to sharpen his hardline trade policy against China using newly-minted treaties with Canada, Mexico and South Korea as leverage. ✔ The rest is a distraction on the way to the real show ✔ Partly because what Trump and his team want from China is much less clear ✔ Rachel Ziemba, an emerging market analyst the Centre for New American Security thinktank said Washington's demands on China still seem more opaque mixed between market access, end to forced technology transfer, reduction in Chinese exports to US and cuts to overcapacity ✔ They cannot stop its rise, but maybe they can slow it down
Asia markets set for cautious open despite Dow's record high overnight
10/2/2018, 11:47:31 PMTrade remains in focus for Asian markets, with eyes now on the ongoing U.S.-China trade war following the agreement between Ottawa and Washington to replace the current NAFTA. ✔ The S&P 500 closed largely flat at 2,923.43 while the Nasdaq Composite slipped by approximately half a percent to 7,999.555 ✔ Following the joining of Canada with the U.S. and Mexico in a new trade deal to replace the current North American Free Trade Agreement, eyes are now on Washington's ongoing trade fight with China
US-China trade spat harming 3rd parties - World
10/2/2018, 9:00:18 PMundefined ✔ Wang Huiyao, president and founder of the Center for China and Globalization, the leading Beijing-based independent think tank and a counselor to the State Council, China’s Cabinet, said on Tuesday that the eventual effect of the trade measures will be felt globally
China faces more potential US export limits over Muslim crackdown
10/2/2018, 8:49:52 PMSanctions against Beijing on human rights grounds would be rare move by Trump ✔ A police patrol walk in front of a mosque in the old city of Kashgar in the Xinjiang region in March 2017 ✔ China has called for other nations to respect its sovereignty, saying Xinjiang faces a serious threat from Islamist militants and separatists who plot attacks and stir up tensions
Dow Gains 123 Points for a Record Close as the S&P 500 Slips
10/2/2018, 10:00:31 PMThe S&P 500 and Nasdaq Composite ended in the red as one observer remarks, “We’re barely bullish.” ✔ The Dow clocked another record close on Tuesday, although it alone ended in the black ✔ Skittish investors often get spooked by losses and then miss out on gains by trying to time the market ✔ The Hot Stock & the Biggest Loser Once again, Intel’s is Advanced Micro Devices’ pain
Asian energy groups join Shell in $14bn Canada LNG project
10/2/2018, 9:10:09 PMPlant on British Columbia coast will offer proximity to energy-hungry Asia ✔ The Canada LNG project is to be developed in northwestern British Columbia, which will offer short transport times to Asia ✔ It aims to market the fuel mainly to Japanese power and gas companies but also in China and other Asian markets ✔ American oil major Exxon Mobil is expected to decide by March on a joint plan with a Qatari state-run oil company for facilities in the U.S. state of Texas capable of producing 15.6 million tons of LNG annually
Trade pact clause seen deterring China trade deal with Canada, Mexico
10/2/2018, 11:59:47 PMChina's hopes of negotiating a free trade pact with Canada or Mexico were d... ✔ Beijing has demanded that the World Trade Organization recognize it as a market economy since its WTO accession agreement expired in December 2016, a move that would severely limit Western trade defenses against cheap Chinese goods ✔ Our Standards:The Thomson Reuters Trust Principles
Pompeo to visit Pyongyang Sunday as North digs in heels
10/2/2018, 11:01:03 PMSecretary plans visits to Tokyo, Seoul and Beijing to consult next steps ✔ North Korea followed up on its position on Tuesday with a statement through the state-sponsored Korean Central News Agency, which accused the U.S. of trying to subdue someone by resorting to sanctions, oft-repeating the story about escalation of sanctions pressure on the North
Japan Inc's global push drives Asia M&As, offsets China slowdown
10/2/2018, 9:53:08 PMJapan M&A volumes are set to break a 19-year-old record and steal the spotlight in Asia this year from cooling Chinese deals, led by blockbuster takeovers such as Takeda Pharma's billion swoop on British drugmaker Shire. Slowing growth at home and mountains of accumulated cash are pushing Japan Inc to… ✔ Conclusion by Japan Inc is that local growth will be challenging to come by, and therefore an international strategy will be an important long-term requirement, said Rohit Chatterji, JPMorgan's co-head of Asia-Pacific M&A ✔ Hotels, tourism, casino, power sectors are expected to see more deals happening, said Lisa Christoffers Yano, a Tokyo-based partner at Hogan Lovells
Fed's Powell says U.S. outlook 'remarkably positive'
10/2/2018, 8:48:43 PMU.S. Federal Reserve Chairman Jerome Powell on Tuesday hailed a "remarkably... ✔ Boston Federal Reserve bank president Eric Rosengren said the current debate over globalization was not so much a trade war but more of a supply chain war that could take years to sort out as companies shift around production to higher-cost locales to escape tariffs on imports from China
Can Trump's bullying style deliver more trade breakthroughs?
10/2/2018, 8:40:52 PMWASHINGTON (AP) — The Trump administration has muscled Canada into joining a revamped North American trade deal, sealed a pact with South Korea and coaxed a reluctant Japan into a ✔ Without tariffs, Trump bold declared Monday after his team announced that Canada had followed Mexico in agreeing to a revamped North American deal, we wouldn't be standing here ✔ Mexico gradually began to yield to the risk of losing access to America's market ✔ It replaces the 24-year-old North American Free Trade Agreement, which President Donald Trump had called a job-killing disaster
8@eight: ASX set to inch higher on back of mixed night for markets
10/2/2018, 10:12:28 PMWhat happened overnight and what's ahead for the ASX. ✔ Risk currencies sold-off in tandem at around 3.00PM (AEST), as news broke out of Europe about Euro-policy makers concerns about Italian fiscal policy and the possibility of an Italian default ✔ Market watch: SPI futures up 10 points or 0.2% to 6127 at about 6.25am AEST AUD -0.5% to 71.90 US cents (Overnight low 71.62) On Wall St: Dow +0.5% S&P 500 flat Nasdaq -0.5% In New York, BHP +0.1% Rio +0.5% Atlassian -2.2% In Europe: Stoxx 50 -0.7% FTSE -0.3% CAC -0.7% DAX -0.4% Spot gold +1.1% to $US1201.77 an ounce at 2pm New York time Brent crude -0.4% to $US84.68 a barrel US oil -0.3% to $US75.05 a barrel Iron ore flat at $US69.24 a tonne LME aluminium +1.7% to $US2118 a tonne LME copper +0.5% to $US6280 a tonne 2-year yield: US 2.81% Australia 2.00% 5-year yield: US 2.94% Australia 2.22% 10-year yield: US 3.05% Australia 2.67% Germany 0.42% US-Australia 10-year yield gap as of 6.25am AEST: 38 basis points This column was produced in commercial partnership between Fairfax Media and IG
How Trump's son-in-law helped salvage the North American trade zone
10/2/2018, 8:18:19 PMRobert Lighthizer was the public face of arduous, year-long talks to rework NAFT... ✔ I don’t think the administration itself was that hung up on (Chapter) 19, I think Robert Lighthizer was, Yussuff said ✔ It was finally announced at 11:35 p.m. EDT (0335 GMT), just 25 minutes before the deadline ✔ Our Standards:The Thomson Reuters Trust Principles
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