Higher U.S. tariffs on Japanese cars less likely, trade war posing...
10/15/2018, 4:22:13 AMHigher U.S. tariffs on Japanese car exports are less likely now the two nations ... ✔ REUTERS/Thomas Peter NATURAL DISASTERS Economic growth in Japan likely slowed in the July-September quarter to an annualized 0.5 percent due partly to natural disasters, analysts said, but the lull will be temporary ✔ Our Standards:The Thomson Reuters Trust Principles
There's 'no winner' in a trade war, warns IMF deputy managing director
10/15/2018, 6:31:39 AMIf global supply chains are forced to adjust due to the trade tensions between the U.S. and China, it may cost the world economy about 1 percent of GDP by 2019, Tao Zhang, deputy managing director at the International Monetary Fund, told CNBC. ✔ But when those changes happen due to unnatural distortions in the global environment, the cost of adjustment is high, he told CNBC's Nancy Hungerford on Saturday, during the IMF and World Bank annual meetings in Bali, Indonesia ✔ According to Zhang, there are no beneficiaries in a trade war ✔ The worst case scenario, he said, would be a continued escalation of the trade spat where the countries keep applying tariffs on each other's imports
Taking sides -- US or China
10/15/2018, 5:07:46 AMAs Washington and Beijing expand trade conflict, Tokyo and other capitals must choose ✔ Yet a considerable number of voices, including some Republicans, disagree with the high-pressure approach the Trump administration has taken ✔ They even emphasize that the U.S. should respect Chinese culture such as face-saving in the dialogue with Beijing ✔ Wu Junhua, is director of the Japan Research Institute in Tokyo
ASX hits six-month low as sell-off continues
10/15/2018, 7:22:02 AMThe Australian sharemarket faced another investor sell-off on Monday as the major banks dipped the ASX 200 below 5,800 points for the first time since April. ✔ Domain is paying a heavy price for its over-exposure to NSW, where the drop off in ad volumes is more severe than in other states, said analyst Ivor Ries ✔ Most Viewed in Business Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation
European markets seen lower after Brexit talks fail to lead to breakthrough
10/15/2018, 5:26:43 AMEuropean stocks are set to open lower Monday morning, as concerns over Brexit talks, a potential slowdown in the Chinese economy and higher U.S. borrowing costs limited investor appetite. ✔ The global sell-off was blamed on a series of factors, including the impact of a U.S.-China trade war, a spike in U.S. bond yields and nervousness ahead of earnings season ✔ It comes after the kingdom threatened to punish countries considering sanctions over the disappearance in Turkey of a Saudi journalist critical of its policies
Taiwan IT sales grow again, but clouds hang over bellwether
10/15/2018, 4:36:22 AMSigns of slowdown loom despite 9.7% gain in September ✔ Apple announced the high-end iPhone XS and other new offerings in September ✔ The bulk of the handsets are assembled by Foxconn in China for shipment around the world ✔ Investors on and off the island monitor the industry to gain insight into global trends
Asian shares resume decline, Saudi tensions lift oil prices
10/15/2018, 5:58:22 AMAsian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possi... ✔ Investors suspect the latest development could undermine the leadership of Crown Prince Mohammed bin Salman and has the risk of eventually destabilizing the oil-rich kingdom ✔ 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 ✔ Our Standards:The Thomson Reuters Trust Principles
Japan raises concerns over Pacific Island debt to China
10/15/2018, 7:01:19 AMWELLINGTON--Japan's foreign minister raised concerns Monday about the high levels of debt accrued by ✔ WELLINGTON--Japan's foreign minister raised concerns Monday about the high levels of debt accrued by some Pacific Island nations and said his country wants to help resolve the problem ✔ Kono's visit to New Zealand was the first by a Japanese foreign minister in five years
OPEC Thinks The Oil Market Is Worried About The Wrong Thing
10/15/2018, 4:52:55 AMOPEC has resisted calls from President Donald Trump and the head of the International Energy Agency to increase its supplies to keep a lid on prices as it sees a much different oil market up ahead. ✔ Furthermore, the organization's internal projections for 2019 clearly show a possible rebuild of stocks [oil storage level] ✔ That's why OPEC doesn't see the need to boost its output right now ✔ The Motley Fool has no position in any of the stocks mentioned
Abe pursues China thaw as U.S-Beijing ties in deep freeze
10/15/2018, 7:00:30 AMWhile U.S. President Donald Trump appears to wage a trade "Cold War" on China, Japanese Prime Minister Shinzo Abe will promote a thaw with Beijing at a summit this month where business ties will be in the spotlight. A tough line on China helped Abe to regain office in 2012… ✔ Japanese participation could help Belt and Road's image and allay the fears of debtor nations, experts and officials said ✔ But if one...asks whether economic development is possible without cooperative development with China, the answer is 'No.' © (c) Copyright Thomson Reuters 2018.
I’m president and you’re not’: Trump mocks CBS anchor in tense 60 Minutes interview
10/15/2018, 4:38:09 AMUS President Donald Trump stuck his executive privilege in the face of CBS anchor Lesley Stahl during a tug-of-war moment in his interview with CBS, reminding her who was in charge and refusing to make a pledge she demanded. ✔ The veteran anchor constantly interrupted the commander-in-chief, who was eager to delve deeper into his favorite topic – the dishonesty of mainstream media – while Stahl was pressing him for a yes or no answer on the fate of the Russia probe, the migrant family separation policy and the chances for any more cabinet reshuffles ✔ via GIPHY Trump’s patience ran out on Stahl as she was grilling him on the same topics that the mainstream media's attention has been nailed to lately ✔ Trends: China-US newsDonald Trump newsNorth Korea-US newsTrade War newsUS news
How Europe has become a powerhouse in luxury
10/15/2018, 4:55:51 AMundefined ✔ In the shadow of Italy’s Dolomites mountains sits the Thelios luxury eyewear factory owned by LVMH ✔ But projected demand for luxury eyewear, such as €400 Céline cats eye sunglasses, means chief executive Giovanni Zoppas says he is already looking at plans to double the factory in size ✔ LVMH and Kering have headquarters in Paris and Richemont in Switzerland, but most manufacturing is Europe wide, while stores are global
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