US-China trade war weaponizes liquefied natural gas
10/9/2018, 3:07:45 AMBeijing turns to Russia and Iran, leaving Trump a void to fill ✔ 10 that it had sealed a contract to provide PetroChina with 3.4 million tons of LNG annually for 22 years ✔ At the end of that month, state oil company Qatar Petroleum unveiled a plan to raise its LNG production capacity to 110 million tons a year, from 77 million tons ✔ Shunsuke Tabeta in Beijing contributed to this article
Reform can play positive role during trade war - Opinion
10/9/2018, 12:13:16 AMundefined ✔ China's entrepreneurs and its rapidly expanding middle class are concerned, first and foremost, about their property rights, including the security of their accumulated wealth, amid regulatory tightening with regard to taxation, finance, cross-border capital flows, and even the environment
IMF cuts global growth forecast amid US, China trade war
10/9/2018, 2:44:59 AMAn upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and next. ✔ Global trade is projected to expand by 4.2 percent this year, six tenths less than expected in July and nearly a full point lower than the forecast in April ✔ Further out, China's economy is expected to slow gradually to 5.6 percent as the government shifts to a more sustainable growth path and addresses financial risks, the IMF said
British banks could benefit from US-China trade war: Barclays chairman
10/9/2018, 1:19:25 AMIf China reduces market access for U.S. banks in light of trade tensions, that could benefit British lenders, according to Gerry Grimstone, chairman of Barclays Bank PLC. ✔ Justin Solomon | CNBC Barclays headquarters in London, England ✔ So in little ways like that, China makes their displeasure known ✔ Goldman Sachs did not immediately respond to a request for comment on Grimstone's statement ✔ He identified changes in the global balance of power as one of his top worries
The trade war will hit US and Chinese growth next year
10/9/2018, 2:27:46 AMThe trade war is set to take its toll on the American and Chinese economies in 2019. ✔ The tit-for-tat is set to take a bite out of Beijing's economic growth next year, too ✔ That's why the IMF is urging governments to act now as the window of opportunity narrows to enact reforms like dealing with the ballooning budget deficit in the United States and the low level of public investment in Germany
U.S. trade war could reduce global economy by 0.8% in 2020
10/9/2018, 1:03:55 AMGlobal GDP could be cut by more than 0.8% in 2020 if trade tensions escalate, the IMF warned Monday. ✔ The IMF lowered its global growth forecast for 2019 given the trade tensions, including the $200 billion of tariffs imposed on U.S. imports from China ✔ Greg Robb Greg Robb is a senior reporter for MarketWatch in Washington ✔ We Want to Hear from You Join the conversation Comment
US trade war latest: China tries to 'play down panic' as bank cash reserves cut
10/8/2018, 9:52:54 PMCHINA is buckling under Donald Trump’s economic tariffs despite vowing it won’t retreat from a US trade war, experts believe. ✔ Analyst Fraser Howie Liao Qun, chief economist of China Citic Bank International, said: This is a sign of policy easing to counter the US-China trade war ✔ Chinese President Xi Jinping responded by hitting Washington with a £45 billion ($60 billion) wave of tariffs
Donald Trump to REMOVE all Chinese parts out of US weapons as trade war ESCALATES
10/8/2018, 10:15:40 PMDONALD Trump wants to remove Chinese parts out of American weapons, a shocking new report has revealed as the US towards self-sufficient arms manufacturing amid an explosive trade war between the two nations. ✔ Other areas of the report focus on accelerating workforce development efforts to grow domestic science, technology, engineering, mathematics, and critical trade skills ✔ We also need to be spending what we do more wisely ✔ The net supply of Treasury securities have doubled this year to over $900 billion and could rise to nearly $1.2 trillion in 2019
China's central bank sets yuan midpoint at 17-month low
10/9/2018, 3:22:34 AMMarket watchers say Beijing may favor weaker currency amid trade war ✔ The yuan's recent fall has some wondering whether the authorities are leading it intentionally or at least accepting it, an official at a local securities company said ✔ As the trade war with the U.S. drags on, Beijing may be favoring a weaker currency to support the economy
Trump tariffs make world 'more dangerous'
10/9/2018, 1:23:29 AMThe IMF says a US trade war with China risks putting a significant dent in economic recovery. ✔ Crisis-hit Venezuela is expected to enter its sixth year of recession in 2019, with inflation predicted to hit ten million per cent next year ✔ However, Chancellor Philip Hammond is still expected to borrow around £16bn in 2023 to plug the gap between tax revenues and public spending
Dollar dips against yen amid China, Italy woes
10/9/2018, 3:46:31 AMThe dollar slid against the Japanese yen on Tuesday amid concerns over higher U.S. bond yields, the ongoing trade war between Washington and Beijing and political turmoil in Europe. ✔ On Monday, the Italian 10-year bond yield rose more than 20 basis points to 3.626 percent, the highest since February 2014, while the country's stock market fell to its weakest since April 2017 ✔ If the stimulus measures...by the Chinese authorities are regarded as positive for the Chinese economy, then it will support the renminbi, he said
Ford Plans Layoffs After $1 Billion Trump Tariff Hit
10/9/2018, 1:19:42 AMSome 12 percent of Ford workers worldwide could be out of a job. ✔ The ongoing trade war is expected to continue to hurt the company’s bottom line ✔ This is the first of potentially many vehicles that will disappear from the U.S. market due to the trade war, Kristin Dziczek of the Ann Arbor, Michigan-based Center for Automotive Research warned
The IMF again downgrades outlook for the global economy
10/9/2018, 3:29:23 AMThe IMF reduced its forecast on the global economy for this year and the next to 3.7% amid concerns over global trade wars, down 0.2 % from what it had initially predicted in July. The US economy, however, is expected to continue growing 2.9% this year. ✔ The IMF announced it had reduced its outlook on the global economy to a 3.7% growth rate for this year and next, down 0.2% from what it had originally predicted in July ✔ The IMF expects the U.S. economy to grow 2.9 percent this year, the fastest pace since 2005 and unchanged from the July forecast
IMF cuts world economic growth forecasts as import tariffs,...
10/9/2018, 1:27:45 AMThe International Monetary Fund on Tuesday cut its global economic growth foreca... ✔ Brazil will see a 0.4 percentage-point drop in GDP growth to 1.4 percent for 2018 as a nationwide truckers strike paralyzed much of the economy ✔ Iran, facing a new round of U.S. sanctions next month, also saw its growth forecast cut, the IMF said ✔ Our Standards:The Thomson Reuters Trust Principles
IMF cuts world growth forecasts on import tariffs, market issues
10/9/2018, 3:43:57 AMNUSA DUA, Indonesia--The International Monetary Fund on Tuesday cut its global economic growth forec ✔ NUSA DUA, Indonesia--The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows ✔ Brazil will see a 0.4 percentage-point drop in GDP growth to 1.4 percent for 2018 as a nationwide truckers strike paralyzed much of the economy
Trump to lift ban on higher-ethanol gasoline ahead of November...
10/9/2018, 12:41:47 AMU.S. President Donald Trump will seek to lift a federal ban on summer sales of h... ✔ Rural America needs a shot in the arm, and this is it, said Emily Skor, chief executive officer of Growth Energy, a biofuel trade association ✔ Farmers have been frustrated with weak corn and soybean prices hurt by the trade war between the United States and China; Trump has promised the trade war with China will eventually boost the U.S. economy ✔ Our Standards:The Thomson Reuters Trust Principles
China tries to boost its economy, as long trade fight looms with Trump
10/9/2018, 1:12:28 AMAdministration officials think they can drive China to make concessions by inflicting tariff pain. But tariffs are only a small part of China’s economic woes. ✔ By David J. Lynch and David J. Lynch Financial writer covering trade and globalization Email Bio Follow Danielle Paquette Danielle Paquette Reporter focusing on national labor issues Email Bio Follow October 8 at 8:18 PM China is redoubling efforts to protect its slowing economy from the effects of a trade war with the United States, providing fresh ammunition for President Trump’s claim that Washington enjoys the upper hand in the deepening commercial conflict ✔ It’s more proof that growth is slowing and China is worried, said Stephanie Segal, a former U.S. Treasury Department official now at the Center for Strategic and International Studies
Global shares slip on China growth fears, dollar gains
10/8/2018, 9:33:57 PMGlobal equity markets fell on Monday amid unease over the impact of the U.S.-Chi... ✔ Chinese stocks fell in their biggest one-day drop since February after markets re-opened following a week-long holiday in China, with the Shanghai-Shenzhen CSI 300 index down more than 4 percent for only the second time in more than 2-1/2 years ✔ Our Standards:The Thomson Reuters Trust Principles
Australia shares slip in early trade following mixed session on Wall Street
10/8/2018, 11:53:37 PMU.S. Secretary of State Mike Pompeo met with Chinese Foreign Minister Wang Yi on Monday amid increasing tensions between the two largest economies of the world. ✔ Meanwhile, the Nikkei futures contract in Chicago was at 23,635, while its counterpart in Osaka was at 23,650 ✔ In the same week, the 10-year yield also hit its highest level since 2011 ✔ U.S. Treasurys did not trade on Monday, with the bond market closed for Columbus Day ✔ CNBC's Fred Imbert and Reuters contributed to this report
Gold inches higher on safe-haven demand amid China worries
10/9/2018, 3:46:32 AMGold prices nodded up on Tuesday, amid a fall in Asian stocks due to concerns over a potential slowdown in China's economic growth. ✔ The United States remains concerned about China's recent currency depreciation, a senior Treasury official said on Monday, adding that it was unclear whether Treasury Secretary Steven Mnuchin would meet with any Chinese officials at the International Monetary Fund (IMF) and World Bank meetings this week
China must take strong stimulus measures to support growth: state...
10/9/2018, 3:32:24 AMChina must take strong stimulus measures to support growth, with the country in ... ✔ The views in the newspaper, which is run by the ruling Communist Party’s official People’s Daily, do not necessarily reflect Chinese government policy ✔ The International Monetary Fund on Tuesday cut its 2019 China growth forecast to 6.2 percent from 6.4 percent, though it kept this year’s estimate at 6.6 percent ✔ Our Standards:The Thomson Reuters Trust Principles
US urged to refrain from damaging China's interests - World
10/8/2018, 11:12:58 PMundefined ✔ State Councilor and Foreign Minister Wang Yi greets US Secretary of State Mike Pompeo at the Diaoyutai State Guesthouse in Beijing on Monday ✔ Wang urged the US to abide by the one-China principle and the three China-US joint communiques and to stop official exchanges and military links with Taiwan as well as arms sales to the island
Analysis | Trump’s tariffs will harm growth in 2019, IMF predicts
10/9/2018, 1:12:33 AM'The world will be a poorer and more dangerous place' without trade and multi-lateralism, the IMF warned. ✔ President Trump addresses the International Association of Chiefs of Police at its annual convention Monday in Orlando ✔ Trump’s tax cuts and additional spending on the military and domestic programs are bumping up the economy at a time when it was already on the rebound
Will China’s stimulus prove a boon or bane for emerging markets?
10/8/2018, 8:14:15 PMundefined ✔ A five-day national holiday meant Chinese stocks simply delayed experiencing the ructions that hit global markets last week ✔ The Chinese stock market was too busy playing catch-up on Monday with the drop in other markets last week to register the stimulus from the People’s Bank of China, which freed up Rmb750bn ($109bn) of capital for banks
Republicans deserve their midterm troubles
10/9/2018, 1:33:02 AMThe GOP is running against history: Since World War II, presidents’ parties have lost an average of 26 House seats and three to four Senate seats in midterm elections. This year’s devastation may be worse owing to President Trump’s rough style, poor messaging on the economy and disappointing delivery on other issues. ✔ We are headed for stalemates in the trade war with China and fixing problems with the Europeans ✔ When Mr. Trump’s presidency ends, the trade deficit could well be worse than when it began ✔ Peter Morici is an economist and business professor at the University of Maryland, and a national columnist
Stock indexes end mixed, but tech companies slide further
10/8/2018, 8:38:26 PMNEW YORK (AP) — U.S. stock indexes found their footing after a sharp early loss and finished mixed. Technology companies sank for the third day in a row. Stocks slum ✔ Italy's deputy premier vowed to press ahead with a plan to increase spending and the country's deficit even after the European Commission expressed serious concern about the notion ✔ FILE- This April 24, 2018, file photo shows a sign for a Wall Street building in New York ✔ The U.S. stock market opens at 9:30 a.m. EDT on Monday, Oct. 8
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