LVMH and luxury shares slide as China concerns linger
10/10/2018, 7:59:31 AMShares in LVMH fell in early trading on Wednesday even as its all-important fash... ✔ Falls in the yuan have also added to concerns that shoppers will lose purchasing power ✔ I think the market is in sell the news mode, anticipating a looming slowdown due to the trade war, a trader in Geneva said ✔ Our Standards:The Thomson Reuters Trust Principles
China September exports seen slowing further as U.S. tariffs bite:...
10/10/2018, 5:44:37 AMChina's export growth is expected to have further slowed in September, weig... ✔ STALLING FACTORY GROWTH Growth in China’s factory sector in September stalled after 15 months of expansion, with export orders falling the most in more than two years, a private business survey showed ✔ Our Standards:The Thomson Reuters Trust Principles
Mnuchin warns China against competitive devaluations of renminbi
10/10/2018, 4:51:02 AMundefined ✔ While he struck an upbeat tone about the US economy amid continued above-trend growth, Mr Mnuchin highlighted specific risks stemming from Europe ✔ If there are prohibited transactions going through Swift or any other entity we will make sure we enforce our sanctions vigorously
Fast Europe Open: UK GDP, Norway inflation
10/10/2018, 6:06:30 AMundefined ✔ In the markets, Asia-Pacific equities were choppy, while US Treasury yields held steady even though concerns over a weaker outlook for global growth sent US stocks lower overnight ✔ Futures tipped the FTSE 100 and the S&P 500 to open flat ✔ 07.00: Norway consumer and producer price indices 07.45: France industrial production 09.00: Italy industrial production 09.30: UK gross domestic product, industrial production
Business Live: Wednesday 10 October
10/10/2018, 5:10:36 AMAll the day's business news and views from the UK and beyond, as it happens. ✔ China wants to make a deal, and I say they’re not ready yet, Trump said ✔ Four of the UK’s biggest banks and six top law firms have agreed to bring in measures to tackle mental health problems at work ✔ So how much of a problem is depression and anxiety for employees today ✔ And the Office for National Statistics (ONS) will publish the latest UK GDP figures for August at 09:30
Peninsula peace moves: 'Trump or Kim Jong-un? No, combination of 3'
10/10/2018, 7:13:38 AMundefined ✔ Then, they are combined with the Trump factor, which is creating a virtuous cycle so far ✔ He said it is too premature when asked whether all three deserve a Nobel Peace Prize ✔ The two talked about a multi-polar world order in which the big players reach a balance of power
Investors brace as China renminbi slips towards 7 against dollar
10/10/2018, 6:01:28 AMundefined ✔ While the trade war is damping investor sentiment, economic issues are exacerbating the renminbi’s weakness against the dollar ✔ The breaking of 7.0, we believe, is more likely to be an early 2019 story ✔ The renminbi’s slump in August 2015 dealt a blow to global stock markets and commodity prices
Weaker Asian currencies fail to lift manufacturers' exports
10/10/2018, 7:08:00 AMSeptember PMI survey shows rising purchase cost remains key threat to the region ✔ The recent resilience in Asian exports is unlikely to last ✔ Taiwan's New Export Orders Index also dropped to 47.3 in September, the first contraction since May 2016 ✔ Japan's manufacturing sector topped the list at 52.5, followed by India's manufacturing sector at 52.2
Dollar rally pauses, but stays solid on U.S. economy, Fed outlook
10/10/2018, 4:19:45 AMThe dollar slipped further from seven-week highs on Wednesday although underlyin... ✔ Yields on the benchmark 10-year Treasury paper stood at 3.21 percent on Wednesday, after hitting a seven-year top of 3.261 percent overnight ✔ The rising U.S. bond yields have obviously provided support to the dollar, said Yukio Ishizuki, senior currency strategist at Daiwa Securities in Tokyo ✔ Our Standards:The Thomson Reuters Trust Principles
Global Financial Stability Risks Rising With Trade Tensions, IMF Says
10/10/2018, 6:23:26 AMRisks 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 International Monetary Fund said Wednesday. ✔ In the report, the IMF said economic growth appears to have peaked in some major economies while the gap between advanced countries and emerging markets was widening ✔ (Reporting by Lindsay Dunsmuir and David Lawder; Editing by Andrea Ricci & Shri Navaratnam) -Reuters
Some Hong Kong lawmakers walk out of policy address over media...
10/10/2018, 6:39:47 AMSome Hong Kong lawmakers walked out of the Legislative Council as city leader Ca... ✔ REUTERS/Bobby Yip Authorities in mainland China routinely restrict people’s ability to engage in peaceful advocacy and public discussions on grounds of ‘national security’ by using this vaguely and broadly defined concept as a pretence to place unjustified restrictions on the exercise of these freedoms, Amnesty International wrote in a statement
China's assault on Hong Kong's freedoms threatens city's global role
10/10/2018, 5:08:43 AMJournalist's de facto expulsion sends shivers through media, finance and business communities ✔ Recent developments underscore the reality of modern China, where unprecedented strength runs parallel with heightened fear of showing weakness; even as the country becomes increasingly assertive on the global stage and clashing openly with the United States, it is also growing steadily more nationalistic and repressive at home ✔ AmCham, in a statement, said; A free press is a core component of Hong Kong's success ✔ Richburg, a former foreign editor of The Washington Post, is director of Hong Kong University's Journalism and Media Studies Center
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