Trump's trade war looms over global summit
10/9/2018, 4:49:15 AMAt the IMF and World Bank's summit in Bali, high on the agenda will be rising threats to the global economy that not long ago seemed remote. ✔ We need to work together to de-escalate and resolve the current trade disputes, she said, without mentioning any countries by name ✔ 05:40 The World Trade Organization has already downgraded its forecasts for global trade growth this year and next as a result of heightened tensions between major economies, WTO head Roberto Azevedo said last month ✔ That will put some pressure on him to make some response ✔ But analysts have doubts about how much they can do
Toymakers brace for next round in trade war
10/9/2018, 4:49:40 AMTough times for the toy industry could turn downright miserable next year if the trade war keeps escalating. ✔ Much of the manufacturing that has been brought back to America in recent years has gone into very automated plants with high productivity ✔ He said that it will takes years to shift even a fraction of its Chinese production elsewhere ✔ They don't have the infrastructure or supply chain in place ✔ Whether it can survive as an independent company with tariffs is a question mark
Beijing is finally accepting lower growth as the trade war hits, says Barclays economist
10/9/2018, 5:38:34 AMChina is coming to terms with a lower rate of growth as the trade war with the U.S. takes its toll and as Beijing seeks to tamp down debt at home, a Barclays economist said Tuesday. ✔ AFP | Getty Images Chinese 100-yuan notes at a bank in Nantong in China's eastern Jiangsu province ✔ Barclays is forecasting 6.7 percent economic growth for China in 2018 and 6.5 percent in 2019 ✔ Beijing will likely roll out more policy easing measures to cope with the slowing growth such as the latest reserve requirement ratio cut by the People's Bank of China over the weekend, she said
ASX falls further as tech, healthcare weighs
10/9/2018, 7:08:14 AMThe Australian sharemarket slumped by 1 per cent, as concerns over the US-China trade war and rising bond yields hurt healthcare and technology stocks. ✔ It retained its outperform recommendation on the expectation that ANZ will deliver superior EPS growth compare to its peers in FY19-20, supported by a buy-back due to its sector-leading capital position ✔ Most Viewed in Business Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation
The US-China dispute 'is not about the trade deficit,' Barclays says
10/9/2018, 4:41:25 AMAjay Rajadhyaksha, Barclays' head of macro research, said that the issues at the heart of U.S.-China relations goes beyond trade tensions, which some analysts have said may ease after the U.S. midterm elections. ✔ But investors hoping to wait out the tensions until the Nov. 6 midterms may be in for a surprise: They still need to keep waiting for a while, said Rajadhyaksha ✔ The world's second-largest economy has a Made in China 2025 program, which is a strategic plan to make China a leader in key global industries ✔ Among those sectors targeted by Beijing is the high technology space
Trump To Lift Ban On Higher-Ethanol Gasoline Ahead Of November Elections
10/9/2018, 4:05:39 AMU.S. President Donald Trump will seek to lift a federal ban on summer sales of higher-ethanol blends of gasoline on Tuesday, a senior White House official said, delivering on a move long-sought by anxious Midwest farmers ahead of November's elections. ✔ 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 ✔ ( Writing by Humeyra Pamuk; Editing by Marguerita Choy) -Reuters
Business Live: Tuesday 9 October
10/9/2018, 5:12:04 AMAll the day's business news and views from the UK and beyond, as it happens. ✔ That was the slowest growth since October last year, with the exception of April when figures were distorted by the timing of Easter ✔ A couple of surveys suggest spending on the UK's High Street weakened last month ✔ Please stay with us for all the day's business and financial news
Mohamed El-Erian: The US economy looks 'good' for the 'next couple of years at least'
10/9/2018, 5:38:33 AM"It wouldn't surprise me if we get 3 percent growth for this year and next year," Mohamed El-Erian, chief economic advisor for Allianz, said of the U.S. ✔ David Orrell | CNBC Mohamed El-Erian The U.S. economy is poised for growth that's better than the International Monetary Fund projects, and there's nothing on the domestic front that could knock it into a recession, according to one of the world's most closely followed economists ✔ El-Erian said that any disturbances to U.S. economic growth were likely to come from beyond its borders
Trump expected to hike ethanol limit in gasoline
10/9/2018, 4:31:09 AMBeneficiaries include corn farmers who supply the raw material for ethanol. ✔ In a statement on Monday, the White House confirmed the president would be making a policy announcement related to the Renewable Fuel Standard program on Tuesday, before he is scheduled to head to Iowa to stump for fellow Republicans ahead of the midterm elections
IMF downgrades outlook for world economy to 3.7 pct. growth
10/9/2018, 6:47:37 AMWASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. The ✔ WASHINGTON (AP) The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade ✔ The United States and China the world's two biggest economies are sparring over Beijing's aggressive effort to challenge American technological dominance
Whether oil prices rise or fall, there will always be a loser
10/9/2018, 4:17:56 AMundefined ✔ In a world that uses more than 11m barrels a day more than it did in 2007, with its ageing fields it cannot compensate for production problems elsewhere beyond at most 1.5m barrels a day ✔ High prices for the foreseeable future are likely to take care of themselves, simply because they reduce demand quickly, ensuring that in time supply-side constraints will return, and the cycle of moving from problem to problem and back again will continue
Dollar slips against yen amid China, Italy woes
10/9/2018, 5:19:48 AMThe dollar dipped against the yen on Tuesday on simmering anxiety about higher U... ✔ The euro edged up to $1.1496, trading close to a seven-week low of $1.1457 reached during the previous session amid discord between Italy and the European Union over Rome’s budget plans ✔ Benjamin Franklin U.S. 100-dollar banknote and Chinese 100-yuan banknotes depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing, China, January 21, 2016 ✔ Our Standards:The Thomson Reuters Trust Principles
Tuesday briefing: Demand for answers over missing journalist
10/9/2018, 5:52:46 AMTurkish authorities suspect murder and cover-up in Jamal Khashoggi case … second novichok suspect outed as spy … and beating social media envy ✔ Top story: Pressure mounts on Saudis over Khashoggi Hello, I’m Warren Murray ✔ The well aged Fairy liquid bottle was found on Brean Beach, Somerset ✔ Sign up The Guardian morning briefing is delivered to thousands of inboxes bright and early every weekday
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