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Trade War - SERIES 208 {10 articles}

US-China trade war will last over a year, economists predict

10/4/2018, 8:59:59 AM
Chinese economy forecast to slow slightly by 0.3 point to 6.3% mark in 2019 ✔ Cheng continued: The positive impact of the measures will become visible in the January-March period after they directly stimulate investment and consumption ✔ The economists who responded to the survey are: Arjen van Dijkhuizen, Senior Economist, ABN AMRO Bank N.V; Aidan Yao, Senior Emerging Asia Economist, AXA Investment Managers Asia Limited; Paul Tang, Chief Economist, Bank of East Asia; Richard Jerram, Chief Economist, Bank of Singapore; Peter So, Managing Director and Co-Head of Research, CCB International Securities Limited; Xie Yaxuan, China Merchants Securities; Kevin Lai, Daiwacm; Chris Leung, Executive Director and Chief China Economist, Group Research, DBS Bank (Hong Kong) Limited; Sean Taylor, Chief Investment Officer, Asia Pacific, DWS; Kenny Wen, Wealth Management Strategist, Everbright Sun Hung Kai; Brian Coulton, Chief Economist, Fitch Ratings; Thomas Shik, Chief Economist, Head of Economic Research, Hang Seng Bank Limited; Frederic Neumann, Co-head of Asian Economics Research, HSBC; Cheng Shi, Chief Economist, Managing Director and Head of Research Department, ICBC International; Iris Pang, Economist, Greater China, ING Bank; David Rees, Emerging Market Strategist, J. Safra Sarasin; Susan Joho, Economist, Julius Baer; Ken Chen, Chinese Economy Analyst, KGI Asia Limited; Veasna Kong, Assistant Director and Economist, Moody's Analytics; Robin Xing, Chief China Economist, Morgan Stanley; Xiaochen Fan, Director, MUFG Bank; Ting Lu, Chief China Economist, Nomura; Yao Wei, China economist at Societe Generale Corporate and Investment Banking; Shuang Ding, Head of Greater China Economic Research, Standard Chartered Bank (HK) Limited; Tetsuji Sano, Chief Asia Economist, Asia Research Center, Sumitomo Mitsui Asset Management (Hong Kong); and Tao Wang, Head of China Economic Research, UBS


China halts all oil imports from US amid escalating trade war

10/4/2018, 10:37:24 AM
America’s second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow. ✔ Surely for the shipping business, it’s not good, the CMES president said ✔ Beijing is now buying most of its soybeans from South America ✔ Beijing’s other major suppliers are Saudi Arabia and Iran ✔ For more stories on economy & finance visit RT's business section Trends: Oil newsTrade War news


Wealth managers count cost of U.S.-Chinese trade war on Asian business

10/4/2018, 10:34:46 AM
The performance of big wealth managers may take hit as a trade war between the U... ✔ That’s why you see most of the banks are focusing a lot on China because that’s where really the wealth is growing ✔ UBS CEO Sergio Ermotti said last week the world’s biggest wealth manager faced declining revenue from transactions in the third quarter, saying clients were much, much more insecure ✔ Our Standards:The Thomson Reuters Trust Principles


Mike Pence Will Accuse China—not Russia—of Being the Main Meddler in the Upcoming 2018 Elections

10/4/2018, 9:16:44 AM
“By one estimate, more than 80% of U.S. counties targeted by China voted for President Trump in 2016; now China wants to turn these voters against our administration.” ✔ Pence planned to single out China’s use of retaliatory tariffs in his speech on Thursday ✔ While our administration will continue to respect our One China Policy, as reflected in the three joint communiques and the Taiwan Relations Act, let me also say that Taiwan’s embrace of democracy shows a better path for all the Chinese people, he will say, according to the prepared remarks


China secures good grain harvest this year: minister

10/4/2018, 10:03:29 AM
"It is safe to say we can secure a bumpy grain harvest this year," Minister of Agriculture and Rural Affairs Han Changfu told Xinhua in an interview. ✔ A farmer in Wangcun village, Shanxi province, enjoys the delicious grapes and the delights of the harvest with her son ✔ From 2001-2017, China's farm produce trade rose from $27.9 billion to 201.39 $billion, ranking second largest in the world ✔ In 2017, China recorded a deficit of $50.33 billion in farm produce trade, with $75.53 billion of exports and $125.86 billion of imports


ZTE hit with 2-year ‘monitoring’ extension after breaking probation terms

10/4/2018, 8:48:04 AM
Embattled Chinese tech firm ZTE narrowly survived after the U.S. Department of Commerce hit it with a $1 billion fine and forced changes to its business earlier this year, and. Now it is back in the news for negative reasons after it was judged to have broken the probation around a fine that it cop… ✔ It added that the court-appointed monitor will also be given access to the same information as the monitor tied to the Department of Commerce ✔ Trump’s move was part of a wider and ongoing trade war that the U.S. and China have fought out using trade tariffs


US Treasury yields jump ahead of more Fed remarks

10/4/2018, 9:21:41 AM
U.S. government debt prices fell into the red on Thursday. ✔ U.S. government debt prices fell into the red on Thursday ✔ On Thursday, jobless claims are due out at 8:30 a.m. ET, followed by factory orders at 10 a.m. ET ✔ On Sunday, Canada joined a new trade deal with the U.S. and Mexico; the United States-Mexico-Canada Agreement (USMCA) is expected to be signed by the end of November


US futures sharply drop as rising rates put investors on edge 

10/4/2018, 9:21:43 AM
U.S. stock index futures fell deep into the red ahead of Thursday's open. ✔ September's nonfarm payrolls data is due out Friday morning ✔ On Wednesday, Senate Majority Leader Mitch McConnell stated that a procedural vote on Kavanaugh's confirmation could take place as early as Friday, despite the nominee facing multiple allegations of sexual misconduct ✔ On Thursday, a spokesperson said that the White House had obtained the FBI's report on the agency's findings on the Kavanaugh allegations, Reuters reported


Thailand and Indonesia face 'acute' liquidity risk, World Bank says

10/4/2018, 9:29:52 AM
Rising protectionism and market volatility threaten region's growth ✔ You could have a vicious cycle develop as a result, Shetty said ✔ The lender cut its forecast for next year by 0.1 of a percentage point, compared with its April projection ✔ China, the region's largest economy, is projected to post a 6.2% growth rate over the next two years


Hong Kong stocks fall to three-week low on US yields, dollar

10/4/2018, 9:29:53 AM
Forty-five of 50 Hang Seng Index constituents decline, led by Chinese companies ✔ If the U.S. dollar continues to strengthen and interest rates continue to rise, the pressure on emerging market assets will definitely continue and will only be relieved once the U.S. stops hiking interest rates ✔ Slimming and beauty products company Perfect Shape Medical jumped 7.2% after reporting a 39.1% on-year increase in sales contracts for the six months ended Sept


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