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Trade War - SERIES 247 {11 articles}

China Turns Its Back On US Oil

10/14/2018, 12:22:42 PM
Although the Chinese government has not yet gone so far in the ever-escalating trade war as to sanction United States oil, imports are drying up anyway as Chinese buyers shy away from US crude. ✔ I don’t expect China to acquiesce to Washington’s demands, given the worsening relations between the two nations,  said Stephen Brennock, oil analyst for PVM Oil Associates ✔ This article was originally published on Oilprice.com Trends: China newsOil newsUS news



North Dakota Democrat Heitkamp scrambles to catch Cramer

10/14/2018, 3:39:37 PM
FARGO, N.D. (AP) — An already tenuous bid for a second term has taken on new urgency for North Dakota Sen. Heidi Heitkamp since she voted against Brett Kavanaugh's confirmation to the U.S. Supreme Court. Heitkamp is scrambling to find her footing amid fears that the race against Republican Rep. Kevin Cramer is slipping away, and with it Democrats' slim hopes of a Senate majority. Trailing in polls with barely three weeks until Election Day, Heitkamp plans to camp out in North Dakota and lean harder into the same strategy, relying heavily on the economic hit her export-heavy state has taken under the Trump administration's escalating trade war with China.



'Winter is coming': global economy is turning into a battleground, fear finance chiefs

10/14/2018, 8:11:45 PM
With scenes from Game of Thrones playing on giant screens, the mood at the IMF meeting was clear. ✔ The UK is encouraging China to open its economy to head off some of the underlying causes of US concern, while urging the Trump administration to approach the conflict in a way that maximizes the chances of resolution, Hammond told reporters in Bali ✔ Bloomberg World markets Most Viewed in Business Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation



Bond Experts Are Unusually Upbeat About Market Turmoil

10/14/2018, 1:04:35 PM
Bond managers and strategists are uncharacteristically optimistic. The bad week in markets doesn’t necessarily augur more losses, they say. ✔ Investors will use this as another opportunity to jump in for ‘easy’ returns after spreads finish widening, and ride them tighter as they have done time and again in this post-recession era, she says ✔ This is the cornerstone of our thesis behind this move in risky asset prices, which is that it is a rational and mechanical adjustment to higher risk-free rate expectations



‘A Change in Mood:’ Allies Soften Tone on U.S. Trade Policy

10/14/2018, 12:18:32 PM
The IMF kicked off its annual gathering with a stern warning about protectionism, but it ended it with central bankers and finance ministers taking a much less dire and confrontational tone than U.S. trading partners had after previous international meetings. ✔ The spring meetings of the IMF ended with the French saying the U.S. was forcing countries to negotiate with a gun to our heads ✔ A lot of the concerns that have been expressed by one side and the other could be addressed in these conversations ✔ What they will agree on, I don’t know, Mr. Lemierre said



'A change in mood:' Allies soften tone on US trade policy

10/14/2018, 3:25:10 PM
Officials gathering in Bali took some comfort from progress resolving many trade disputes even as a standoff between the U.S. and China has escalated. ✔ The spring meetings of the IMF ended with the French saying the U.S. was forcing countries to negotiate with a gun to our heads ✔ A lot of the concerns that have been expressed by one side and the other could be addressed in these conversations ✔ What they will agree on, I don't know, Mr. Lemierre said



Japan manufacturers' mood rises, trade worries weigh on outlook:...

10/14/2018, 11:12:11 PM
Confidence among Japanese manufacturers rose in October from September and is ex... ✔ The direct impact has been small at present but the future remains uncertain as we may need to shift production, depending on whether the United States will impose heavy tariffs against its imports from Japan ✔ Our Standards:The Thomson Reuters Trust Principles



8@eight: Markets still wary despite Wall St rebound

10/14/2018, 9:03:53 PM
What happened overnight and what's ahead for the ASX. ✔ The last price on that contract is indicating a 51-point drop at the open, furthering last week’s rather heavy losses ✔ Market watch:  SPI futures down 51 points or 0.9% to 5803 at 9am AEDT Saturday AUD -0.1% to 71.14 US cents On Wall St: Dow +1.2% S&P 500 +1.4% Nasdaq +2.3% In New York, BHP +0.3% Rio +0.5% Atlassian +4.3% In Europe: Stoxx 50 -0.5% FTSE -0.2% CAC -0.2% DAX -0.1% Spot gold -0.6% to $US1217.05 an ounce at 5pm Friday New York Brent crude +0.4% to $US80.60 a barrel US oil +0.5% to $US71.34 a barrel Iron ore +0.5% to $US71.67 a tonne Dalian iron ore flat at 514 yuan LME aluminium +1% to $US2041 a tonne LME copper +1% to $US6302 a tonne 2-year yield: US 2.85% Australia 2.04% 5-year yield: US 3.01% Australia 2.25% 10-year yield: US 3.16% Australia 2.75% Germany US-Australia 10-year yield gap as of Friday 5pm New York: 41 basis points This column was produced in commercial partnership between Fairfax Media and IG



Maine faces consumer backlash after Senator Susan Collins backs Kavanaugh

10/14/2018, 3:37:44 PM
Businesses in Maine are facing a backlash after Susan Collins, the state’s Republican senator, decided to back the nomination of Brett Kavanaugh to the Supreme Court. ✔ The state's lobster industry is already reeling because of the punitive tariffs imposed by China as a result of the trade war launched by the Trump Administration ✔ They include John Tesar, the owner of six restaurants in Texas, who spends hundreds of thousands of dollars on Maine seafood every year ✔ The Telegraph approached Senator Collins’ office, which declined to comment



China property market feels fresh chill, 'winter' is coming

10/14/2018, 11:39:06 PM
China's property developers usually look forward to the months dubbed "... ✔ But that was helped by more apartments for sale in top cities and compared with a weak year-earlier month ✔ Sentiment started to turn more cautious at the start of the second half of 2018 following a surge in failed land auctions ✔ Our Standards:The Thomson Reuters Trust Principles



ANALYSIS: At IMF meetings, China's globalisation agenda left behind in trade debate

10/14/2018, 10:53:22 PM
NUSA DUA, Indonesia-- Three days before U.S. President Donald Trump took office in January 2017, Chi ✔ BELT AND ROAD China is still a major political and economic power, but Chinese officials appeared more on the defensive this week, with the tone of debate at some IMF forums shifting more quickly than Beijing may have expected ✔ This is not about buying more soybeans and buying more LNG, he said



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