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Trade War - SERIES 213 {18 articles}

America First is hurting China's business

10/5/2018, 3:04:20 PM
The U.S. economy has pulled ahead this year, extending a lengthy expansion with ... ✔ That could add to inflationary pressures, particularly in the United States, and so has implications for Federal Reserve policy ✔ Policymakers have sought to bring financing costs down, boost lending to smaller businesses, cut taxes and fast-tracked more infrastructure projects ✔ This only promises more uncertainty in the short-run ✔ Our Standards:The Thomson Reuters Trust Principles


US jobless rate hits 49-year low

10/5/2018, 1:16:42 PM
The US jobless rate falls to 3.7% in September, the lowest level since December 1969. ✔ Significant jobs growth was seen in professional and business services, healthcare and construction ✔ Average hourly earnings rose at an annual rate of 2.8% in September, down from 2.9% in August ✔ The escalating trade war between the US and China does not appear to have affected hiring


Arm hires 2,000 staff since £24bn SoftBank sale

10/5/2018, 12:28:53 PM
Arm Holdings has hired 1,000 staff in the past year following its £24bn sale to Softbank, as the Japanese giant continues to boost investment in the microchip company. ✔ The deal was seen by some as a sale of the UK tech industry's crown jewels, and Softbank was forced to make legally binding pledges to continue to invest in the company and increase headcount ✔ The China staff numbers are in addition to those in the Takeover Panel report, a spokesman confirmed


Pentagon report on US defense industry a ‘wakeup call’

10/5/2018, 2:01:34 PM
Peter Navarro, the director of the White House Trade Council, weighs in on the Department of Defense’s nearly 150-page report. ✔ To curtail the dependency, Navarro said President Trump will set a blueprint for action into motion, which will include support for some companies in the subtiers of the U.S. supply chain that need help to modernize and expand ✔ On Thursday, Vice President Mike Pence also accused China of efforts to undermine Trump ahead of the November midterm elections


Why Trump's 'get tough on China' policy is counterproductive | Michael F Fuchs

10/5/2018, 3:27:27 PM
Tackling the China challenge requires a strategic response. Trump’s scattershot policy will be counterproductive, writes Michael F Fuchs ✔ Police armed with wooden clubs patrol a Uighur neighbourhood in Urumqi, the capital of Xinjiang ✔ It’s hard to imagine tackling the most crucial tasks America faces in this challenge – getting our house in order, reclaiming America’s respect on the world stage – as long as Trump is president


Brexit boost: Key UK stocks 'undervalued' and could ROCKET after leaving EU, says analyst

10/5/2018, 1:26:37 PM
MULTI-asset strategist Lilian Chovin claims a Brexit agreement will lead to a surge in both sterling and the FTSE 100. ✔ However, many of Unilever’s largest shareholders did not want the firm to move and even warned it would leave UK investors with a hefty tax bill ✔ We will proceed with the plan to cancel the NV preference shares, further strengthening our corporate governance


U.S. trade deficit jumps to six-month high in August

10/5/2018, 12:52:46 PM
The U.S. trade deficit increased to a six-month high in August as exports droppe... ✔ The Trump administration says eliminating the trade deficit will put the economy on a sustainable path of faster growth, an argument that has been dismissed by many economists as flawed given constraints such as low productivity and slow population growth


Audi blames new emissions tests for 56% plunge in European sales

10/5/2018, 2:04:43 PM
undefined ✔ European deliveries of Audi cars plunged by 55.5 per cent in September, owing to supply-side challenges from new emissions standards that took effect last month, the company said on Friday ✔ One car executive said preparing a fleet for WLTP was time-consuming and arduous because the tests had to consider high numbers of variables and settings


Asian stocks fall as US accuses China of election meddling

10/5/2018, 1:47:12 PM
Shares fell Thursday in Asia despite a strong day on Wall Street that was spurred by encouraging signs on U.S. hiring and growth in the service sector. ✔ The Russell 2000 index of smaller-company stocks was 1.5 percent lower at 1,646.91 ✔ CHINESE MEDDLING: U.S. Vice President Mike Pence accused China of taking public and covert measures to interfere in the upcoming U.S. midterm elections ✔ CURRENCIES: The dollar strengthened to 113.91 yen from 113.86 yen on Thursday


Lenovo and ZTE tumble on fears over China hack report

10/5/2018, 12:15:38 PM
Lenovo and ZTE Corp shares slid on Friday, hurt by worries about overseas sales ... ✔ REUTERS/Bobby Yip/File Photo Super Micro is not a supplier to Lenovo in any capacity ✔ Furthermore, as a global company we take extensive steps to protect the ongoing integrity of our supply chain, Lenovo said ✔ Our Standards:The Thomson Reuters Trust Principles


Elon Musk Is Still Tweeting and 4 Other Things for Tech Investors to Start the Day

10/5/2018, 1:08:05 PM
Following a down day for the Nasdaq on Thursday, some beaten-down tech stock were rallying in pre-market trading on Friday ✔ Snap judgement Snap Chief Executive Evan Spiegel reportedly sent a memo to employees describing his goal for full-year profitability next year, according to Cheddar ✔ He sees tough comparisons for the personal-computer business going forward and worries about component shortages as well as trade-war tensions


World stocks fall ahead of US jobs data as tensions weigh

10/5/2018, 12:01:49 PM
SINGAPORE (AP) — European and Asian markets fell on Friday as traders awaited the release of the monthly U.S. jobs data amid a swirl of allegations against China. KE ✔ SINGAPORE (AP) European and Asian markets fell on Friday as traders awaited the release of the monthly U.S. jobs data amid a swirl of allegations against China ✔ Chinese foreign ministry spokeswoman Hua Chunying said Pence's allegations were groundless


Europe Tells Trump: Don’t Bully Us on Trade

10/5/2018, 2:59:01 PM
The pressure tactics used by President Trump to revamp the North American Free Trade Agreement won’t work in trade talks with the European Union, European officials said. ✔ US President Donald Trump and European Commission President Jean-Claude Juncker give a statement in the Rose Garden of the White House on July 25 ✔ The European Commission, which is responsible for trade negotiations, is studying the draft North American deal, now known as USMCA, a commission spokesman said


China 'spy chip' rattles global data center supply chain

10/5/2018, 3:12:21 PM
Apple and Amazon reject allegations, but industry on alert for vulnerabilities ✔ But the executive said that Quanta has standard procedures to make sure all the changes are monitored by supervisors and auditors from its clients ✔ Inventec, a supplier to PC makers Dell and HP, also expanded its capacity for motherboards used in servers in its Taiwan facility to counter the additional tariffs risks


September Jobs Report Shows Jobless Rate Hitting 48-Year Low

10/5/2018, 1:57:27 PM
Hiring cooled by more than forecast, wage gains eased slightly and the jobless rate fell. ✔ Here are the highlights of some of the most closely-watched components of the report: Payrolls Revisions added a total of 87,000 jobs to payrolls in the previous two months, according to the figures, resulting in a three-month average of 190,000 ✔ While better prospects for employment are helping to draw in people from the sidelines of the job market, boosting the participation rate, economists anticipate that retiring workers will put downward pressure on participation over coming years


India signs S-400 deal with Russia sidestepping US opposition

10/5/2018, 1:44:44 PM
New Delhi signs $5bn deal to buy one of the most advanced missile defence systems amid looming threat of US sanctions. ✔ For Moscow, the inking of a major defence deal with one of Asia's key growing powers is no small matter ✔ Earlier this week, the US warned India against buying weapons from Russia, with a US State Department official urging all of our allies and partners to forgo transactions with Russia that would trigger sanctions under the CAATSA ✔ If you let the Americans make the arms procurement decisions for you once, it will happen again and again


Analysis | The Health 202: Jerry Brown vetoes bill to allow nation's first safe injection site

10/5/2018, 12:15:37 PM
But advocates say the fight isn't over. ✔ Jerry Brown reviews a measure with his wife, Anne Gust Brown, second from left and staff Camille Wagner, left, Graciela Castillo-Krings, right, at his Capitol office, Sunday, Sept ✔ (REUTERS/Kevin Lamarque) OUCH: The trauma of sexual assault or harassment may have lasting effects on women’s health, according to new research


Analysis | The Daily 202: Kavanaugh fight foreshadows a wild lame-duck session and crazy 2019 in Congress

10/5/2018, 12:15:32 PM
Four things that could cause drama after the midterms. ✔ THE BIG IDEA: When the bitter Supreme Court confirmation battle ends, likely with Brett Kavanaugh’s confirmation on Saturday, don’t expect the political atmosphere to become less charged ✔ City officials said interest and penalties of up to 25 percent could be added to any unpaid taxes


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