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Trade War - SERIES 248 {10 articles}

Utah companies report more stability despite ongoing U.S./China trade war

10/15/2018, 12:41:27 AM
The start of the trade war between the United States and China this summer set off a roller coaster for businesses in Utah County, but many are now seeing some stability. In mid-summer, the U.S. implemented a 25 percent tariff on $50 billion of China goods, including multiple electronic components and consumer materials. Talk of the tariffs had Utah business owners spooked then. When the Daily Herald reached out to share their stories, local consumer product manufacturers, steel product workers and industry experts reported experiencing significant pricing fluctuations.


Gold rises as Asian shares dip amid China concerns

10/15/2018, 3:21:02 AM
Gold prices rose on Monday amid concerns about a potential slowdown in China's economic growth, as Beijing and Washington remained locked in an ongoing trade war. ✔ The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of world policy makers who pledged to do more to safeguard global growth


Chinese ambassador to US says Beijing doesn't know who to deal with

10/15/2018, 3:14:30 AM
The Chinese ambassador to the United States said diplomats are confused over who is the "final decision maker" in the Trump administration, complicating future negotiations amid the escalating US China trade war. ✔ As we speak, Beijing is employing a whole-of-government approach, using political, economic, and military tools, as well as propaganda, to advance its influence and benefit its interests in the United States, Pence said in his speech ✔ (But) I think it's a legitimate right of every country to defend its national interests and China is no exception, he said


Australian stocks fall following poor weekly performance on Wall Street

10/15/2018, 12:03:18 AM
The benchmark ASX 200 fell near 1 percent in early trade as most sectors traded down, with the heavily-weighted financial subindex falling 1.22 percent. ✔ The Dow Jones Industrial Average and S&P 500 finished the week down by more than 4 percent, while the Nasdaq Composite posted a 3.7 percent weekly loss ✔ Here is a look at the data to be released in the trading day ahead: Japan Revised industrial production figures and retail sales for the month of August South Korea Revised trade data for the month of September CNBC's Fred Imbert contributed to this report


Tell us what you think: What will spark the next big market move?

10/15/2018, 2:15:26 AM
Markets across the globe saw a massive sell-off last week, with the major indexes on Wall Street seeing their worst weekly declines since March. ✔ The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all capped their worst weekly performance since March on Friday, despite seeing strong gains for the day ✔ The moves on Wall Street came amid a global market sell-off for the week ✔ Morgan reported Friday that third-quarter figures beat analysts' expectations


Asia-Pacific equities lower despite US rebound

10/15/2018, 2:32:07 AM
undefined ✔ Shares in Asia-Pacific fell on Monday as concerns over US interest rates and trade lingered ✔ In China, the CSI 300 comprised of Shanghai and Shenzhen stocks was down 0.1 per cent ✔ China’s ambassador to the US, Cui Tiankai, told Fox News on Sunday that Beijing had not wanted a trade war but had to respond and defend our own interests


Asian shares resume descent, oil prices up on Saudi tensions

10/15/2018, 3:09:17 AM
Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possi... ✔ Saudi Arabia’s shares .TASI plunged as much as 7 percent on Sunday, and closed down 3.5 percent at their lowest levels since early January ✔ Shares in Dubai, a regional economic hub, slid 1.5 percent .DFMGI to a low last seen in January 2006 ✔ Our Standards:The Thomson Reuters Trust Principles


Asian stocks slip on continuing global trade worries

10/15/2018, 3:07:23 AM
Asian stocks slipped Monday, as investor worries continued about global trade tensions and prospects for economic growth. ✔ The International Monetary Fund cut its forecast for global economic growth last week because of trade tensions and increased interest rates ✔ ___ Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama On Instagram at https://www.instagram.com/yurikageyama/?hl=en


Asia shares fall as Wall Street rebound fails to gain traction

10/15/2018, 2:59:22 AM
undefined ✔ Monday 03:10 BST What you need to know Asia-Pacific stocks start the week lower Pound weakens on Brexit talks stand-off Oil prices jump as Saudi Arabia responds to criticism Overview Asia-Pacific shares fell as concerns over US interest rates and trade tension lingered, while the UK pound weakened amid a Brexit stalemate and oil prices jumped after Saudi Arabia responded to criticism surrounding the disappearance of a journalist ✔ In Australia, the S&P/ASX 200 fell 1.1 per cent to its lowest point in six months as the financials and basic materials sectors fell 1.7 per cent and 1.6 per cent, respectively


Trump gets contentious as Lesley Stahl challenges him on '60 Minutes'

10/15/2018, 2:30:45 AM
President Trump alternated between defensive and snappy in a wide-ranging interview with '60 Minutes' anchor Lesley Stahl as the two went round-after-round of verbal fisticuffs. ✔ President Donald Trump alternated between defensive and snappy in a wide-ranging interview with '60 Minutes' anchor Lesley Stahl on Sunday as the two went round-after-round of verbal fisticuffs over a variety of topics ✔ 'I'm just telling you that you treated me much differently on the subject,' Trump complained


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