Talks between EU, U.S. don't point to trade war: Germany's Scholz
10/12/2018, 1:40:56 AMTrade talks between the United States and the European Union have been "sen... ✔ REUTERS/Hannibal Hanschke Finance ministers and central bankers from across the world are arriving in Indonesian resort of Bali this week for the International Monetary Fund’s annual meetings ✔ The gathering comes amid an escalating trade dispute between the United States and China, financial jitters in some emerging economies and worries about Italy’s public finances ✔ Our Standards:The Thomson Reuters Trust Principles
'Prominent' risk: RBA warns trade war a growing threat to the economy
10/12/2018, 2:10:41 AMThe risks of international shocks hitting Australia's otherwise resilient financial system are growing, the Reserve Bank warned on Friday. ✔ While the RBA said that this debt appears mainly to be owned by those able to repay it, there is the risk that highly indebted households would cut back consumption if their financial positions became less secure ✔ Bloomberg RBA Most Viewed in Business Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation
Smartphone suppliers brace for cheerless holiday
10/12/2018, 12:48:21 AMUS-China trade war threatens to spoil all-important Christmas season ✔ Christmas shoppers walk outside the Apple Store on Regent Street in London ✔ The overall smartphone industry is expected to face a difficult season this quarter, given the latest message delivered by Largan's executive, said Nicole Tu, a tech analyst at Yuanta Securities Investment Consulting
US' tariffs have no legitimacy - Opinion
10/12/2018, 12:04:42 AMundefined ✔ But when Trump boasted he had achieved more in his first two years in the White House than almost any other US presidents in history, he only drew laughter from world leaders ✔ The author is a research fellow and director of the Division of American Economic Studies at the Institute of American Studies, China Institutes of Contemporary International Relations
China sells $3 billion in dollar bonds amid market turmoil
10/12/2018, 2:56:10 AMChina has sold $3 billion of sovereign dollar bonds, its third such sale in the ... ✔ The backdrop to this year’s bond sale is very different, with China locked in a trade war with the United States in which neither side is showing any sign of backing down ✔ China’s currency, the yuan, is also down about 10 percent since the first salvos were fired in the trade war in March ✔ Our Standards:The Thomson Reuters Trust Principles
Asian shares on edge after nine-day rout, mood shaky as volatility...
10/12/2018, 1:09:12 AMAsian shares appeared tentative on Friday, holding steady after a nine-day losin... ✔ Indeed, so far this week Chinese and U.S. shares are among the worst performers in a sign that investors’ worries about the trade war are deepening ✔ MSCI’s China A-shares index .MICNA0000PUS is down almost 10 percent while MSCI’s U.S. index .MIUS00000PUS shed 5.5 percent, compared with a 4.9 percent fall for MSCI’s gauge of stock performance in 47 countries .MIWD00000PUS ✔ Our Standards:The Thomson Reuters Trust Principles
Gold near highest in over two months as equity plunge boosts safe-haven appeal
10/12/2018, 2:29:49 AMGold slid on Friday after seeing its best one-day percentage gain since Jun.2016 in the previous session. ✔ trade war, a spike in U.S. bond yields this week and caution ahead of earnings seasons have all been cited as potential reasons behind the selloff, the biggest market rout since February ✔ International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries against engaging in trade and currency wars that hurt global growth and imperil innocent bystanders
Tsai banging her head against a brick wall - Opinion
10/12/2018, 12:04:57 AMundefined ✔ As for the upgrading for the island's industrial structure, only by cooperating with the Chinese mainland can Taiwan make substantial progress, as its cooperation with the Western countries is in very limited fields and more importantly, its main market for the new technologies 'practical uses is absolutely in the mainland
China's September exports rise solid 14.5 percent year-on-year,...
10/12/2018, 3:40:43 AMChina's September exports rose a solid 14.5 percent from a year earlier, we... ✔ Shipping containers are seen at a port in Lianyungang, Jiangsu province, China September 8, 2018 ✔ Imports grew 14.3 percent, slightly missing forecasts, customs data showed on Friday ✔ China posted a larger trade surplus of $31.69 billion for the month ✔ Our Standards:The Thomson Reuters Trust Principles
Oil prices hold ground, but are set for 4 percent weekly fall
10/12/2018, 1:29:23 AMOil markets firmed on Friday following a stock market rout and signs that supply concerns were exaggerated. ✔ On the oil front, U.S. crude inventories rose by 6 million barrels last week, the Energy Information Administration said, more than double analysts' expectations of a 2.6 million-barrel increase ✔ Michael crashed ashore Florida on Wednesday as the third most powerful hurricane to strike the U.S. mainland, leaving seven people least
Asian stocks mixed after Wall Street losses deepen
10/12/2018, 3:40:41 AMNikkei index falls further while Hong Kong rebounds from 2018 low ✔ Tokyo opened lower, as rising global interest rates and the U.S.-China trade war darken the outlook for the world economy ✔ Tencent Holdings jumped to 276.200, a 3% gain from Thursday, while other Chinese stocks in the real estate and consumer sectors also climbed ✔ Stocks rebounded later in volatile afternoon trading to close down 545, or 2.1%, at 25,053
Risk of trade tension escalating rea - Opinion
10/12/2018, 1:35:20 AMundefined ✔ There is little upside for investors in the escalating US-China trade tension, warns Robeco Chief Economist Léon Cornelissen ✔ The world hasn’t forgotten the lessons of the Great Depression, where gradually increasing protectionism contributed to the length and the depth of the downturn
Oil prices rise, but still set for weekly fall amid equities rout
10/12/2018, 3:21:45 AMOil prices rose on Friday slightly reversing two days of declines in the previou... ✔ On the oil front, U.S. crude inventories rose by 6 million barrels last week, the Energy Information Administration said, more than double analysts’ expectations of a 2.6 million-barrel increase ✔ [EIA/S] The Organization of the Petroleum Exporting Countries (OPEC) cut its forecast of global demand growth for oil next year for a third straight month, citing headwinds facing the broader economy from trade disputes and volatile emerging markets ✔ Our Standards:The Thomson Reuters Trust Principles
Asian markets open mixed after another dive on Wall Street
10/12/2018, 3:15:52 AMGlobal sell-off has eased but stocks are struggling to bounce back ✔ By Gerry Shih Gerry Shih Foreign correspondent covering China Email Bio Follow October 11 at 11:06 PM HONG KONG Markets in Asia opened mixed on Friday after another bruising trading session in the United States, as fears deepened that the multi-year bull-market run on Wall Street may be running out of steam with interest rates rising ✔ Tencent, Asia’s most valuable company, regained nearly 4 percent after days of huge losses
Accusations against alleged spy ‘out of thin air,’ China says
10/12/2018, 3:13:16 AMBEIJING--China said Thursday that accusations against an alleged Chinese spy accused of attempting t ✔ Xu was arrested after traveling to Belgium in April ✔ Trump has made similar accusations, although intelligence and homeland security experts said they didn't know of any Chinese influence operations akin to Russian activities during the 2016 presidential election
Trump's complaint that the Federal Reserve was 'going loco' on interest rates is just plain crazy, analysts said - Los Angeles Times
10/12/2018, 2:45:48 AMFederal Reserve officials have been doing exactly what they've publicly signaled for months: slowly raising a key interest rate in the face of stronger economic growth. So blaming the Fed for the recent stock market plunge, as President Trump did this week was just plain crazy, analysts said. ✔ On top of that, the tariffs have hurt China’s economy, reducing its demand for buying U.S. Treasury bonds ✔ Roosevelt’s removal of an FTC commissioner, the Supreme Court ruled that such officials could not be fired for political reasons ✔ He’s indicated that he and his colleagues are not affected by Trump’s criticism
As stocks tumble, the U.S. wonders: Is this economy as good as it gets?
10/12/2018, 1:08:39 AMNumerous forecasters have downgraded their expectations for growth next year. ✔ No president in modern history has injected as much stimulus into the economy nine years into an expansion when unemployment was already so low ✔ It probably won’t be long before there is evidence of slowing economic data, said Paul Ashworth, chief U.S. economist at Capital Economics
Australian shares down but markets pull back from the brink – business live
10/12/2018, 12:20:43 AMRolling coverage as stocks fall again in Asia Pacific after losses in New York and Europe ✔ But we can certainly improve and I agree that we need to do more work in getting that balance right ✔ Then at 02.30GMT trading starts in Hong Kong and Shanghai ✔ Kiwi stocks clinging to a year-to-date gain now of just 3.9% pic.twitter.com/6iaSzGNmov October 11, 2018 1 of 8 NewestNewer OlderOldest
How a Trump decision on trade became a setback for democracy in Vietnam
10/12/2018, 1:08:42 AMVietnam had promised more workers’ rights. Without the TPP, it has instead unleashed a crackdown. ✔ Share on Facebook Share on Twitter Share on Google Plus Share via Email Share on LinkedIn Share on Pinterest Share on Tumblr Print Article Comments Share on Facebook Share on Twitter Share on Google Plus Share via Email More Options Share on LinkedIn Share on Pinterest Share on Tumblr HANOI It was one of President Trump’s very first acts: to pull out of the Trans-Pacific Partnership, a sweeping 12-nation trade agreement that had been the centerpiece of President Barack Obama’s strategic rebalance toward Asia ✔ The couple’s son and daughter-in-law were beaten when they asked police about his whereabouts, she said
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