Warning shot? China sells US Treasury bonds amid trade war
10/13/2018, 5:45:30 AMChina has sold $3 billion of sovereign dollar bonds. This is only the third such move by Beijing in the last 14 years, and the first involving bonds with a 30-year maturity. ✔ For any other normal corporate borrower the decision might have been to stand on the sidelines and wait for the market to stabilize a bit, but China is a little bit of a different animal, a banker who worked on the deal told Reuters ✔ For more stories on economy & finance visit RT's business section Trends: Trade War news
US Treasury's Mnuchin downplays fears of US-China trade war
10/13/2018, 5:14:30 AMNUSA DUA, Indonesia (AP) — U.S. Treasury Secretary Steven Mnuchin has downplayed widely voiced concerns over the risks that trade tensions with China could disrupt the world economy. Mnuchin also told reporters Saturday in Bali, Indonesia, that he doesn't lose sleep over the possibility that China might sell its huge hoard of U.S. treasuries in retaliation. Concerns that trade friction between Washington and Beijing will depress global trade and generate turmoil in financial markets have been a major theme of global finance meetings this week in Bali.
This is what a trade war looks like - CNN Video
10/13/2018, 12:51:18 AMA chicken tariff is still affecting the truck you drive decades later. One certainty of a trade war is unintended consequences, and CNN's Jon Sarlin explores how one trade war starts with a bird and ends with fake passenger seats. ✔ MUST WATCH This is what a trade war looks like A chicken tariff is still affecting the truck you drive decades later ✔ One certainty of a trade war is unintended consequences, and CNN's Jon Sarlin explores how one trade war starts with a bird and ends with fake passenger seats
Prospect of Trump-Xi talks raises hope for thaw in trade war
10/13/2018, 4:34:09 AMWith China and the United States opening the door to a meeting next month between Presidents Xi Jinping and Donald Trump, hopes are rising for a potential easing of tensions in the trade war between the world's two largest economies. Worries about the increased tariffs the two sides have imposed… ✔ Shares recovered in Taiwan and rose throughout Southeast Asia ✔ Later, both stock indexes gave up much of their gains ✔ Reports that Mnuchin has advised against labeling China a currency manipulator a status that could trigger penalties were also seen as easing tensions ✔ This material may not be published, broadcast, rewritten or redistributed.
China's central bank says market to play decisive role in yuan...
10/13/2018, 2:20:53 AMChina's central bank governor Yi Gang said the government would continue to... ✔ FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017 ✔ REUTERS/Thomas White/Illustration/File Photo We will not engage in competitive devaluation, and will not use the exchange rate as a tool to deal with trade frictions, Yi said in an International Monetary and Financial Committee (IMFC) statement posted on Saturday during the IMF and World Bank annual meetings in Indonesia’s resort island of Bali ✔ Our Standards:The Thomson Reuters Trust Principles
Trade Wars Are About More than Money
10/13/2018, 12:04:39 AMThe case in point is China, which seems to be vying for world leadership ✔ The price of a barrel of Brent crude has been soaring ever since President Donald Trump withdrew from the Iran nuclear accord on May 8, and moved to impose sanctions on the country ✔ At the cost of opening up more of its dairy industry to U.S. farmers, reducing its ability to sign free-trade deals with nonmarket economies (read China), and challenging its retailers by raising duty- and tax-free limits on U.S. online purchases, Canada retains the current system for settling trade disputes, the ability to bid on U.S. government contracts, and unfettered access to the U.S. automotive market without facing duties, unless exports far surpass current levels
Are Trump and Xi on the brink of a new Cold War?
10/13/2018, 12:32:31 AMThere is growing realization -- and fear -- among Chinese officials in Beijing that US President Donald Trump could be serious in his promise to upend the types of bilateral relations they have become accustomed to in the past few decades. ✔ Since June, United States and China's diplomatic ties have deteriorated rapidly across a range of fronts, not just trade but also military and politics ✔ They lived too well for too long and frankly, I guess they think that the Americans are stupid people ✔ With winter descending upon both the US and China, the worry is that the big chill in US-China relations might turn into a deep freeze
With Risky Bets Back In Play, Stock Selloff Revives 'Volmageddon' Memories
10/13/2018, 4:41:08 AMWall Street's 'fear gauge' is back in focus after the stock market took a beating this week, with many traders betting that the volatility won't last. ✔ This week, however, they said their views have changed given an increased chance of a Federal Reserve policy misstep and investors’ increased focus on the effects of a trade war between the United States and China ✔ Reuters Reporting by Trevor Hunnicutt; Editing by Jennifer Ablan and Tomasz Janowski A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, Dec. 28, 2016
In the Khashoggi disappearance, Trump risks being on wrong side of moral divide
10/13/2018, 1:12:00 AMAfter the disappearance of Jamal Khashoggi, a central question is just how far Trump may be prepared to go in defense of the kind of rabid values the Saudis now seem to have embraced, writes David Andelman ✔ MUST WATCH Schiff: White House hedging on Saudi Arabia 01:58 David A ✔ Author of A Shattered Peace: Versailles 1919 and the Price We Pay Today, he was formerly a foreign correspondent for The New York Times and CBS News in Asia and Europe ✔ They're going to take that money and spend it in Russia or China or someplace else
Seoul's placatory tactic lays ground for a nuclearized Pyongyang
10/13/2018, 5:47:28 AMPriority is on statement declaring end to war, not on dismantling weapons ✔ When the country's leader, Kim Jong Un, met U.S. Secretary of State Mike Pompeo late last week, he agreed to soon begin working-level talks on denuclearization ✔ The agreement also includes major restrictions on U.S.-South Korean military drills ✔ And North Korea will refrain from listing its nuclear assets
Why Italy Could be the Epicenter of the Next Financial Crisis
10/13/2018, 3:42:49 AMThe Italian government has defied eurozone rules with a lavish spending plan and squandered credibility with bond investors. The turmoil could rock the globe. ✔ The government has cut some expenditures, but in categories that further provoke Brussels ✔ Frank for The New York Times California Tenants Take Rent Control Fight to the Ballot Box Wilfredo Lee/Associated Press Facebook Hack Included Search History and Location Data of Millions Andrew Mangum for The New York Times Marriott Workers Struggle to Pay Bills, and Credit Union Fees Elijah Nouvelage/Reuters Facebook Says Russian Firms ‘Scraped’ Data, Some for Facial Recognition Damon Winter/The New York Times Costly Rehab for the Dying Is on the Rise at Nursing Homes, a Study Says George Etheredge for The New York Times The Transformational Bliss of Borrowing Your Office Clothes Trending The Case of Jane Doe Ponytail White Woman Calls the Police on a Black Child She Falsely Said Groped Her A Map of Every Building in America Facebook Says Russian Firms ‘Scraped’ Data, Some for Facial Recognition Beto O’Rourke’s War Chest Bothers Some Democrats as He Struggles Against Ted Cruz ‘We Need Answers’: Hurricane Michael Leaves Florida Residents Desperate for Aid Tyndall Air Force Base a ‘Complete Loss’ Amid Questions About Stealth Fighters Joe Biden Doesn’t Hold Back on Trump: He’s ‘Trashing American Values’ The Trump Rally: A Play in Three Acts Republican Candidate in Pennsylvania Threatens to ‘Stomp All Over’ Opponent’s Face
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