China slashes U.S. LPG imports amid trade war
10/9/2018, 8:03:01 AMChina has choked back on imports of liquefied petroleum gas (LPG) from the Unite... ✔ The U.S. gap is being filled largely by Qatar, the United Arab Emirates (UAE), Saudi Arabia and Kuwait, analysts said ✔ The change comes as prices for the fuel, often a mix of propane and butane, spike in line with higher oil prices ✔ 28 at around 108 cents per gallon before easing to around 104 cents on Oct. 9 ✔ Our Standards:The Thomson Reuters Trust Principles
China Slashes US LPG Imports Amid Trade War
10/9/2018, 9:38:46 AMChina has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said, turning to the Middle East for extra supplies amid the two countries' trade dispute. ✔ The U.S. gap is being filled largely by Qatar, the United Arab Emirates (UAE), Saudi Arabia and Kuwait, analysts said ✔ (Reporting by Seng Li Peng; editing by Richard Pullin) -Reuters Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, April 4, 2018
US-China trade war risks making world POORER: IMF slashes global growth forecasts
10/9/2018, 10:55:32 AMTHE escalating trade war between the US and China risks making the world a “poorer and more dangerous place”, the International Monetary Fund (IMF) has warned as it slashed its global growth forecast. Washington and Beijing have been at loggerheads for months with the nations locked in a tit-for-tat trade conflict as they continue to slap strings of tariffs on each other. ✔ The IMF also took aim at Brexit in its assessment, as it warned how slow progress in thrashing out an EU divorce deal for Britain is creating pervasive uncertainty about future trade costs ✔ The eurozone's 2018 growth forecast was cut to 2.0 percent from 2.2 percent previously, with Germany particularly hard hit by a drop in manufacturing orders and trade volumes
Trump's trade war with China isn't about trade, it's about global power. The U.S. isn't winning
10/9/2018, 11:11:28 AMChina’s quest for primacy, and the White House’s determination to prevent the replacement of Pax Americana by Pax Sinica, means that a long, difficult U.S.-China cold war lies ahead. ✔ Trump’s tariff increases have been met with countermeasures, and China appears undaunted by the president’s threat to raise the tariffs to 25% by year’s end ✔ China’s quest for primacy, and the White House’s determination to prevent the replacement of Pax Americana by Pax Sinica, means that a long, difficult U.S.-China cold war lies ahead
IMF Cuts World Economic Growth Forecasts On Tariff War, Emerging Market Strains
10/9/2018, 9:38:48 AMIMF cut its global economic growth forecasts for 2018 and 2019, saying the U.S-China trade war was taking a toll and emerging markets were struggling with tighter liquidity 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 ✔ Iran, facing a new round of U.S. sanctions next month, also saw its growth forecast cut, the IMF said ✔ Reuters (Reporting by David Lawder; editing by Clive McKeef & Simon Cameron-Moore)
The IMF Says U.S. Tariffs and Emerging Market Instability Are Hurting the Global Economy
10/9/2018, 11:24:59 AMThe October World Economic Outlook report contained downward revisions from the April forecast. ✔ The International Monetary Fund says protectionism and instability are hurting economic growth ✔ U.S. tariffs and other countries’ retaliation against them were at the center of the IMF’s revised estimates ✔ Argentina, Brazil, Mexico, and Iran are also expected to be hard-hit
IMF cuts world economic growth forecasts on tariff war, emerging...
10/9/2018, 9:17:15 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 ✔ The model also includes the effects of a reduction in business confidence that reduces investment and leads to a tightening of financial conditions ✔ Our Standards:The Thomson Reuters Trust Principles
IMF downgrades outlook for world economy to 3.7% growth
10/9/2018, 8:35:40 AMAustralia would hit 3.2 per cent growth this year before slipping to 2.8 per cent next year, the IMF said. ✔ But it predicts that US growth will slow to 2.5 per cent next year as the effect of recent tax cuts wears off and as US President Donald Trump's trade war with China takes a toll ✔ AP and BusinessInsider World markets Most Viewed in Business Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation
VW car deliveries plummet on back of new emissions tests and tariff woes
10/9/2018, 9:51:34 AMundefined ✔ In VW’s home market, Germany, the WLTP effect was massive, the company said, with deliveries falling 47.1 per cent to 23,300 cars ✔ From November, we will be ready for the end-of-the-year sprint ✔ VW added: This has resulted in considerable reluctance on the part of purchasers throughout the market
Trump rips up the trade playbook to take on China
10/9/2018, 10:42:53 AMAfter striking a new deal with Canada and Mexico, President Donald Trump is trying to ramp up the trade pressure on China. ✔ MUST WATCH Bali, Indonesia (CNN)President Donald Trump wants a deal with China just not anytime soon ✔ He scoffed at those babies out there who worried about the effects of tariffs, suggesting that we wouldn't be talking about a deal with Canada and Mexico without his confrontational approach ✔ I'm using them to negotiate, Trump said of the tariffs
IMF warns Italy not to breach EU spending rules in next budget
10/9/2018, 10:54:00 AMDeputy PM Matteo Salvini insists Italy won’t cave to financial market pressure ✔ Salvini has said he wants to use a spending boost to kick start investment and consumer spending to boost growth ✔ So we think it is important that the government operate within the framework of the European rules, which are also important for the stability of the eurozone itself
Europe stocks mixed as investors keep eye on bond yields
10/9/2018, 9:04:21 AMEuropean stocks are mixed in early trade as investors track Italian and U.S. bond yields. ✔ In London, the FTSE 100 UKX, +0.03% was up less than 0.1% at 7,235.96, while, in Paris, the CAC 40 stock index PX1, +0.11% gained 0.1% and Germany’s DAX DAX, -0.04% was off marginally at 11,943.11 ✔ The muted tone in Europe comes as Asian markets also steadied ✔ Chinese equities were mixed a day after selling off sharply as traders returned from a weeklong holiday ✔ We Want to Hear from You Join the conversation Comment
Exclusive: EU set to clear start of talks to boost U.S. beef imports
10/9/2018, 11:17:53 AMEuropean Union countries are on the verge of agreeing to start negotiations with... ✔ FILE PHOTO - Steak is pictured in New York March 11, 2015 ✔ However, under World Trade Organization rules, the quota also had to be made available to non-U.S ✔ Australia and Uruguay, and more recently Argentina, have steadily increased their shares ✔ Our Standards:The Thomson Reuters Trust Principles
Here's why hedge funds could keep the stock sell-off rolling — and what you can do to protect yourself
10/9/2018, 10:14:11 AMBI PRIME: The behavior of hedge funds could make the ongoing stock market sell-off even worse, says UBS. The firm reveals a handful of recommendations to help traders withstand selling pressure. ✔ Last week, the stocks most popular with hedge funds fell almost 4%, while the ones with the lowest holdings declined just 1.4%, according to UBS data ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
Interpol scandal reflects China's audaciousness
10/9/2018, 11:33:36 AMXi Jinping displays more fidelity to his domestic standing than to global norms ✔ On Monday, the Chinese Communist Party committee connected to China's Ministry of Public Security held a meeting and said Meng is being investigated for graft ✔ His words hearkened back to the kind of sloganeering used during the disastrous reign of Mao Zedong ✔ And it now seems to be telling the global community to stay out of its way
IMF Warning, Google Data, Virgin Galactic: CEO Daily for October 9, 2018
10/9/2018, 9:58:13 AMMust-read business news, delivered every morning. ✔ It’s necessary to have a next-generation hardware, Sony president Kenichiro Yoshida told the Financial Times ✔ and Germany would be hit particularly forcefully, with the automotive sector bearing the brunt ✔ Find previous editions here, and sign up for other Fortune newsletters here
The IMF is becoming more pessimistic about the world economy
10/9/2018, 9:39:09 AMEconomists issue warning that more trade barriers will make consumer goods more expensive, harming low-income households disproportionately ✔ It was the first time Rouhani had been summoned by parliament in his five years in power, with MPs demanding answers on unemployment, rising prices and the collapsing value of the rial, which has lost more than half its value since April AFP/Getty 43/50 27 August 2018 A police officer walks by the front of a Chicago Pizza and GLHF Game Bar at the scene of fatal shooting at The Jacksonville Landing
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