China's central bank still has plenty of tools to counter detrimental trade war effect: Governor
10/14/2018, 9:17:22 AM"We still have plenty of monetary instruments in terms of interest rate policy, in terms of required reserve ratio. We have plenty of room for adjustment, in case we need it," said Yi Gang, the governor of the People's Bank of China. ✔ 'No ease, no tight' The People's Bank of China has on four occasions this year cut the amount of reserves that banks must hold, unlocking more cash into the economy so that businesses and households could borrow more money to spend ✔ What's the difference between the IMF and the World Bank
A hidden threat that's been haunting the market for years is flaring up — and it could mean the meltdown in stocks is just getting started
10/14/2018, 10:16:40 AMBI PRIME: Stocks were battered last week as fears around a global trade war and higher bond yields — but the worst may yet be to come. One market expert highlights an under-the-radar dynamic that's haunted the stock market for years, and looks primed to spur further losses. ✔ He's particularly focused on the correlation between stock prices and bond yields ✔ As long as they're rapidly growing in tandem, markets will be in a highly vulnerable position ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
US links currency to all trade talks, vexing China and Japan
10/13/2018, 5:17:36 PMMnuchin says deals must include provision against devaluation ✔ We would like to include [currency stipulations] in future trade agreements with everybody, Mnuchin told reporters a day after the finance ministers and central bankers from the Group of 20 industrial and emerging-market nations concluded two days of talks on the Indonesian resort island of Bali ✔ The U.S. has a trade deficit of around $70 billion with Japan ✔ Should the trade war expand into currency disputes, the prospects for the global economy will grow even more uncertain
China's September Export Growth Tops Forecasts, Surplus With US Record High
10/14/2018, 8:02:04 AMChina reported on Friday an unexpected acceleration in export growth in September and a record trade surplus with the United States, which could exacerbate an already-heated dispute between Beijing and Washington. ✔ Over the first nine months of the year, China's surplus with its largest export market totaled $225.79 billion, compared with about $196.01 billion in the same period last year ✔ (Reporting by Elias Glenn, Lusha Zhang and Stella Qiu; Editing by Richard Borsuk) -Reuters
China Central Bank Chief Says Plenty Of Room For Monetary Adjustments Amid Trade Row
10/14/2018, 8:02:06 AMChina central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside risks from trade tensions with the United States remain significant. ✔ China has sought to reduce its massive debt pile, with a state-led crackdown on shadow banking and excessive lending to unproductive sectors such as real estate ✔ Reuters Reporting by Yawen Chen; Additional Reporting by Gayatri Suroyo; Editing by Muralikumar Anantharaman and Richard Pullin A staff member walks past U.S. and Chinese flags placed for a joint news conference by U.S. Secretary of State Mike Pompeo and Chinese Foreign Minister Wang Yi at the Great Hall of the People in Beijing, China, June 14, 2018
UK firms are sitting on DOUBLE their debt ten years ago
10/14/2018, 1:06:20 AMCritics said firms in the UK were borrowing vast sums to fuel bumper dividend payouts and takeover deals – rather than using the money to prepare for a potential downturn. ✔ We were supposed to get this sorted as a result of the financial crisis ✔ However, the Footsie fell 4.4 per cent last week, sparking fears that a stock market bubble was bursting ahead of another downturn ✔ British American Tobacco bought US cigarette rival Reynolds last year and its net debt now stands at £45.6 billion
Turbulence sharpens debate about decade-old US bull run
10/14/2018, 9:21:15 AMundefined ✔ After a week of turbulence in global stock markets, investors will start the new week on edge ✔ With 10-year gilt yields hitting 1.75 per cent last week for the first time since early 2016, there are some signs that the UK bond market is catching up with the sell-off in global yields this month
'Innocent bystanders': Emerging economies struggle to contain...
10/14/2018, 7:41:49 AMAfter suffering months of capital outflows, policy makers from emerging markets ... ✔ While many countries shared common fears, Indrawati said it was difficult to forge cooperation to counter the risks ✔ It’s not really clear how the world is going to coordinate more effectively, especially when each country has their own domestic issues, she said ✔ Our Standards:The Thomson Reuters Trust Principles
LVMH offers glimpse behind the scenes of luxury
10/13/2018, 5:15:12 PMundefined ✔ The group is composed of thousands of people who are proud of what they do and are there to preserve the ancient savoir-faire of houses with hundreds of years of tradition ✔ While many opt for Berluti’s signature Venezia leather, with its shiny patina, others are more adventurous and choose alligator skin, ostrich leather or even the skins of sturgeon the fish more widely associated with caviar
Europe aims to sustain its corporate comeback
10/14/2018, 8:57:23 AMundefined ✔ Europe’s economic crisis, which peaked in 2013 with one in 10 people of working age in the EU28 unemployed and record levels of bankruptcies, was enormously painful ✔ This, allied to a workforce ill-equipped for the 21st century, may prove a long-term drag on growth that could fuel unemployment and populist trends
China on pace to become top natural gas importer in 2018
10/14/2018, 5:10:22 AMAsian fuel demand surges, driving scramble for new suppliers ✔ The Power of Siberia gas pipeline, the world's longest, stretches 3,000 km and connects eastern Siberia and China ✔ Petronas President Tan Sri Wan Zulkiflee Wan Ariffin echoed the sentiment, saying the final investment decision is a testimony [to] the strong collaboration among our partners and stakeholders, who share the same aspiration of delivering long-term value via LNG
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