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Trade War - SERIES 245 {10 articles}

Trade war won't trigger Asian credit ratings downgrades, for now:...

10/13/2018, 11:54:25 AM
Fitch Ratings has maintained its stable credit outlook for all Asian countries, ... ✔ REUTERS/Lucy Nicholson/File Photo Speaking on the sideline of the meetings, Schwartz said the tariffs that had been announced so far were not significant enough to impair the fiscal positions of the Asian countries, and therefore would not trigger rating downgrades


China echoes IMF pledges to avoid using currency as trade war tool

10/13/2018, 10:45:34 AM
China's top central banker on Saturday pledged to keep the yuan currency�... ✔ Fears that rates could spike sharply higher - and the international trade tensions - touched off a searing sell-off in global stock markets over the past week ✔ This in turn makes us cautious about calling for a peak in the dollar globally ✔ Our Standards:The Thomson Reuters Trust Principles


North Dakota soybean farmers, caught in the trade war, watch the season run out on their crop

10/13/2018, 1:15:44 PM
The area’s farmers had sold almost exclusively to China, and soon will have a harvest with no destination. ✔ By Kyle Swenson Kyle Swenson Reporter for Morning Mix Email Bio Follow October 13 at 9:00 AM Snow was dusting out of the steel-colored sky as Monte Peterson stared out his home office window at the North Dakota land his family has worked since the 1950s ✔ Soybean producing states to the south, such as Louisiana and Arkansas, ship their crops from ports on the Gulf of Mexico, where they can easily serve South American markets but face a long haul to Asia


Why the world's largest wealth manager isn't ditching stocks after this week's chaos and what it's telling ultra-rich clients to buy now

10/13/2018, 1:22:33 PM
BI PRIME: UBS Global Wealth Management is not throwing in the towel on US stocks following this week's sell-off. In an interview with Business Insider, Jeremy Zirin, head of Americas investment strategy for the $2 trillion-plus asset manager, laid out what it's recommending to its clients. ✔ The concern is that higher borrowing costs will tighten financial conditions and hurt corporate and consumer spending ✔ The sector was barely flat quarter-to-date as of Friday, and the only one in the S&P 500 holding on to a small gain ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content


China's central bank says market to play decisive role in yuan exchange rate

10/13/2018, 1:14:21 PM
Asia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on asia.nikkei.com ✔ Mnuchin has reiterated his concerns that a major drop in the yuan's value this year against the dollar could be part of an effort to gain a trade advantage for Chinese exports or to offset the impact of U.S. tariffs ✔ We still insist on prioritizing domestic economic conditions when it comes to deciding on monetary policies, he was quoted as saying by Chinese financial magazine Caixin


Fed official says rate hikes 'right course' for U.S. monetary policy

10/13/2018, 11:42:18 AM
The U.S. Federal Reserve does consider the impact of interest rate hikes on emer... ✔ We do consider the implication of U.S. monetary policy on emerging markets and the rest of the world, he said at the annual meeting of the Institute of International Finance on the Indonesian resort island of Bali ✔ Our Standards:The Thomson Reuters Trust Principles


RCEP talks make little headway toward year-end conclusion

10/13/2018, 12:42:08 PM
Ministers narrow market access differences but say 'further improvements' needed ✔ Negotiators are trying to bridge gaps through 16-party and bilateral meetings ✔ A Japanese government official told reporters on Saturday that no additional chapters were completed during the day's session ✔ Another ministerial meeting will convene later this month, in New Zealand, and the ministers are to meet one more time before a November summit in Singapore


US to put currency provisions in all trade deals, Mnuchin says

10/13/2018, 9:22:24 AM
Insistence expected to make agreements with China and Japan harder to reach ✔ Financial authorities in Japan are concerned that currency stipulations might narrow down the space for influencing in the financial markets ✔ To the extent that we can make progress towards a meeting, he said, I would encourage that, and that's something that we're having discussions about


A Trump-Xi Summit Won't Defrost the US-China Cold War

10/13/2018, 11:26:42 AM
The special Sino Saturday edition by Clay Chandler. ✔ Meanwhile the yuan weakened to below 6.9 per dollar ✔ Under the new pilot scheme, to launch in November, CFIUS will be able to review any foreign investment in U.S. companies deemed relevant to national security ✔ Find previous editions here, and sign up for other Fortune newsletters here


Italy budget debacle puts Europe back in global spotlight

10/13/2018, 11:29:02 AM
As the euro zone sovereign debt crisis petered out, European officials at annual... ✔ The IMF’s annual meetings, normally held in Washington, this year is taking place on the Indonesian resort island of Bali, where a magnitude six earthquake welcomed the world’s 20 top finance ministers on the eve of their talks ✔ Only Italy’s economy is almost 10 times bigger than Greece’s ✔ Here in Bali, something is happening that I have seen in IMF meetings again and again ✔ Our Standards:The Thomson Reuters Trust Principles


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