Donald Trump to raise limit on ethanol in gasoline
10/10/2018, 12:55:02 AMPresident Trump on a campaign trip to Iowa on Tuesday night announced his long-awaited decision to raise the limit of ethanol in gasoline, giving a boost to Republican farm-belt candidates before the midterm elections and angering environmentalists and the oil industry. ✔ The National Council of Chain Restaurants, a division of the National Retail Federation, said pumping more ethanol into Americans’ gas tanks is a bad idea for consumers and the environment ✔ The EPA approved E15 gasoline sales by issuing waivers beginning in 2010
Japan Aug core machinery orders point to more capex gains
10/10/2018, 12:51:28 AMJapan's core machinery orders unexpectedly rose in August after robust gain... ✔ Orders from manufacturers rose 6.6 percent in August, following an 11.8 percent increase in the previous month, due to increased orders from auto manufacturers and the steel sector ✔ But the International Monetary Fund cut its forecasts on Tuesday for global economic growth, partially due to the Sino-U.S ✔ Our Standards:The Thomson Reuters Trust Principles
China's yuan to pare losses on hopes trade risks will subside:...
10/10/2018, 2:24:55 AMChina's yuan is forecast to pare some of its recent losses against the doll... ✔ Trump imposed tariffs on $200 billion worth of Chinese imports last month, in addition to duties on $50 billion of goods previously announced ✔ China has retaliated and plans for new trade talks between Beijing and Washington recently collapsed ✔ Those expectations are also dependent on a fading in the dollar’s safe-haven appeal ✔ Our Standards:The Thomson Reuters Trust Principles
Gold inches up as retreat of bond yields weigh on dollar
10/10/2018, 3:41:49 AMGold prices inched up on Wednesday as a dip in long-dated U.S. Treasury yields from multi-year highs weighed on the greenback. ✔ Risks to the global financial system have risen over the past six months and could increase sharply if pressures in emerging markets escalate or global trade relations deteriorate further, the IMF said on Wednesday ✔ The Bank of England urged the European Union on Tuesday to do more to protect cross-border financial services from the risks of a cliff-edge Brexit, saying the need for action was now pressing
Global financial stability risks rising with trade tensions, IMF says
10/10/2018, 12:17:34 AMRisks to the global financial system have risen over the past six months and cou... ✔ That contrasts with a slowing in the euro area and Japan ✔ China’s economy is also showing signs of moderating and that could be exacerbated by its trade disputes with the United States, which has imposed tariffs on $250 billion worth of imports from Beijing and is threatening duties on $267 billion more ✔ Our Standards:The Thomson Reuters Trust Principles
Asian shares subdued as global bond sell-off eases; sterling rises
10/10/2018, 3:52:56 AMAsian shares barely moved on Wednesday after world stocks hit eight-week lows th... ✔ The MSCI All-Country World index .MIWD00000PUS, which tracks shares in 47 countries, hit the lowest level since August 16 overnight ✔ The International Monetary Fund cut global economic growth forecasts for 2018 and 2019, as well as its U.S. and China estimates for next year, saying the two countries would feel the brunt of the impact of their trade war next year ✔ Our Standards:The Thomson Reuters Trust Principles
IMF warns of threats to global economy
10/10/2018, 12:16:41 AMThe IMF's latest report says trade tensions and market complacency are increasing risks of a slowdown. ✔ Central banks are starting to withdraw the stimulus that was put in place at the time of the financial crisis ✔ The American economy has been performing strongly, encouraging international investors to move capital there and invest in the dollar ✔ That would be of a magnitude similar to the financial crisis
Stocks end mixed as interest rates take a pause - Los Angeles Times
10/10/2018, 12:14:39 AMU.S. stock indexes ended Tuesday nearly where they began, as interest rates let off the accelerator following their sharp rise last week. But the modest moves for indexes masked some roiling underneath. Raw-material producers plunged on worries about inflation and weaker demand. ✔ But the group rose 0.4% on Tuesday as interest rates dropped ✔ It also said that demand is weakening in China, as well as in the United States and Europe for automotive refinish products ✔ Benchmark U.S. crude rose 0.9% to $74.94 a barrel ✔ Brent crude, the international standard for oil, rose 1.3% to $85 a barrel
Opinion | China’s Media Crackdown Spreads to Hong Kong
10/10/2018, 1:17:14 AMBeijing expels Victor Mallet of The Financial Times in a move intended to freeze out independent voices. ✔ The New York Times is among news organizations whose applications for journalist visas have been blocked, in The Times’s case over reports in 2012 on the wealth accumulated by the families of Chinese leaders ✔ Why Some Amazon Workers Are Fuming About Their Raise Major Climate Report Describes a Strong Risk of Crisis as Early as 2040 The Lives of the 20 Victims Who Died in the New York Limo Crash The Unknowable Fallout of China’s Trade War Nuclear Option
Iran gets creative to beat sanctions and keep oil flowing
10/10/2018, 3:12:35 AMundefined ✔ European governments’ support umbrella will embolden companies in particular those which do not have interests in the US such as small- and medium-sized companies to help Iran sell crude, insisted Mohammad Ali Khatibi, who was in charge of selling crude under the previous sanctions in 2011 and 2012
Opinion | Sharing the Wealth in Australia
10/10/2018, 12:29:27 AMWhat can the world learn from our economic successes and shortcomings? ✔ Just one in seven Australian workers is in a union, down from half the work force in the early 1980s ✔ O’Rourke Turkish Officials Say Khashoggi Was Killed on Order of Saudi Leadership Why Some Amazon Workers Are Fuming About Their Raise Major Climate Report Describes a Strong Risk of Crisis as Early as 2040 Hurricane Michael Live Updates: Storm Upgraded to Category 3 The Unknowable Fallout of China’s Trade War Nuclear Option Voter Registrations Spike as Deadlines Loom
A Hurricane’s Coming, but Fear Not, the Governor Is Here. And Here. And Here.
10/10/2018, 12:29:26 AMHurricane Michael arrives in the height of campaign season in Florida, and Gov. Rick Scott, who is running for the Senate, already is in heavy public service mode. So are other Florida politicians. ✔ Republicans described the legal challenge as grandstanding ✔ Mr. Gillum’s Republican opponent in the governor’s race, former Representative Ron DeSantis, no longer holds office ✔ However the state responds in the coming days is sure to fuel the final weeks of the campaign, and perhaps tilt voters in one direction or another, if history is any guide ✔ The Unknowable Fallout of China’s Trade War Nuclear Option
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