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Trade War - SERIES 227 {12 articles}

LVMH and luxury shares slide as China concerns linger

10/10/2018, 7:59:31 AM
Shares 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 AM
China'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 AM
undefined ✔ 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 AM
undefined ✔ 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 AM
All 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 AM
undefined ✔ 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 AM
undefined ✔ 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 AM
September 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 AM
The 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 AM
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 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 AM
Some 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 AM
Journalist'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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