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Trade War - SERIES 253 {18 articles}

Trade war cost: China's third quarter GDP growth seen hitting...

10/16/2018, 4:42:44 AM
At week's end, global investors and policy makers will likely be given a st... ✔ There are signs that firms have ramped up shipments before broader and stiffer U.S. tariffs take effect, which likely explains an unexpected acceleration in China’s exports growth in September and a record trade surplus with the United States ✔ Our Standards:The Thomson Reuters Trust Principles


Welcome to the G-20 from Hell

10/16/2018, 6:50:25 AM
The G-20 in Buenos Aires on November 30 could set the world on fire – perhaps literally. Let’s start with the US-China trade war. Washington won’t even start discussing trade with China at the G-20 unless Beijing comes up with a quite detailed list of potential concessions. ✔ Rosneft signed a 10-year deal to sell India 10 million tons of oil a year ✔ Argentina’s Foreign Minister Jorge Faurie qualified him as a center-right politician ✔ For the Global South as a whole, the implosion of Brazil, one of its leaders, is an unmitigated tragedy


Local governments in China rush to lure Japanese investment

10/16/2018, 6:54:34 AM
Chinese officials fete corporate Japan on its own turf as Sino-Japanese ties warm ✔ China's Sichuan Province held a seminar to lure investment from Japanese companies in Tokyo in late August ✔ China is especially keen on attracting investment in nursing care to look after its aging population -- an issue that Japan has been facing for years


Hong Kong stocks end flat after flip-flops ahead of holiday

10/16/2018, 10:07:45 AM
Tencent falls for 12th time in 13 days while China Coal gains after profit alert ✔ Data released on Tuesday showed China's producer price index rose 3.6% on-year in September, above the 3.5% reading expected by analysts polled by Reuters and below the 4.1% print for August ✔ COFCO Meat Holdings rose 0.9% after saying hog production volume in the third quarter rose 13.8% while fresh pork sales increased 5.5%


Standard Chartered sees increased China-Africa trade due to U.S....

10/16/2018, 10:21:52 AM
China is likely to boost imports from African countries as it seeks new sources ... ✔ Kenya’s trade with China grew 59 percent in the four years to 2017, to a total of $5.2 billion, Standard Chartered said, boosting the bank’s business from Chinese clients operating in Kenya by double digits ✔ Our Standards:The Thomson Reuters Trust Principles


Malaysia shares gain in thin trade, Singapore stocks slip

10/16/2018, 11:13:29 AM
Investors remain mostly on the sidelines as uncertainty looms ✔ Until U.S. tech stocks stop tumbling and earnings season deliver positive surprises, the STI may very well continue to consolidate ✔ In Malaysia, Top Glove added 3.4% after stock exchange filings showed state-controlled Employees Provident Fund and Retirement Fund Incorporated raised their stakes in the glovemaker


Lost in transmission: China's small firms get more loans on paper...

10/16/2018, 6:13:24 AM
Beijing is keen to show results after four rounds of policy easing, so China... ✔ Wenzhou, a bustling port city in Zhejiang province, is known for its entrepreneurs ✔ That is well on track to set a new full-year record, eclipsing last year’s 13.53 trillion yuan ✔ Off-balance sheet loans used to be a major source of funding for small firms traditionally shunned by the big state banks ✔ Our Standards:The Thomson Reuters Trust Principles


European shares rebound from 22-month low as earnings season starts

10/16/2018, 9:21:48 AM
European shares rose on Tuesday helped by stronger defensive stocks as the focus... ✔ That compares to the 21.6 percent growth seen for U.S. companies ✔ Meggitt (MGGT.L) was among the biggest gainers in Europe, up 5.6 percent after the engineering firm upgraded its 2018 organic revenue growth guidance, boosted by higher demand for its wheels, brakes, fuel tanks and other aeroplane parts ✔ Our Standards:The Thomson Reuters Trust Principles


Investors gloomiest on world growth in decade, cut U.S. equity...

10/16/2018, 11:56:25 AM
Global investors have the most pessimistic outlook on the world economy since th... ✔ All those fears were among factors which triggered a sudden selloff on Wall Street last week, putting the S&P500 on track for its biggest monthly loss since mid-2015 .SPX ✔ There are also concerns about the overwhelming popularity of big tech, with the BAML poll showing U.S. and Chinese tech stocks remained the most crowded trade for the ninth consecutive month ✔ Our Standards:The Thomson Reuters Trust Principles


Hong Kong stocks give up early gains in choppy trading

10/16/2018, 5:13:00 AM
Tencent set for 12th loss in 13 days while shares of energy producers climb ✔ Tencent Holdings declined 2.4%, extending recent weakness ✔ The PPI and CPI figures eased some concerns on economic outlook ✔ COFCO Meat Holdings rose 2.7% after saying hog production volume in the third quarter rose 13.8% while fresh pork sales increased 5.5%


Markets edgy ahead of UK jobs and wages report – business live

10/16/2018, 7:15:46 AM
Rolling coverage of the latest economic and financial news, including Britain’s unemployment figures ✔ pic.twitter.com/dnJZ0KQaJ4 October 16, 2018 2.57am EDT02:57 The agenda: UK unemployment report People queue to enter a job centre in east London ✔ It will take a significant beat to the upside to inject some optimism into the pound ✔ The agenda: 9.30am BST: UK unemployment data 10am BST: ZEW survey of German business confidence 2.15pm BST: US industrial production figures


In the M&A market, this time really might be different

10/16/2018, 10:38:55 AM
undefined ✔ Even if some deals look like the death throes of fatally disrupted goliaths, many others have genuine industrial logic for example, BP’s $10.5bn purchase of BHP Billiton’s shale assets in July ✔ Activist Insight, a research firm, says nearly half of campaigns aimed at opposing a deal since 2013 have been successful


China to step up banks' reserve requirement cuts in 2019 as growth...

10/16/2018, 9:58:41 AM
China's central bank is increasingly expected to cut the amount of funds ba... ✔ The PBOC has cut reserve requirements for lenders four times this year, with the latest cut taking effect on Monday, pumping out more cash to stimulate bank lending ✔ Beijing has also softened its stance on a campaign to reduce credit risks, pledged to speed up infrastructure investment, and increased tax rebates for exporters ✔ Our Standards:The Thomson Reuters Trust Principles


Asia stocks edge higher but Saudi tensions limit advance

10/16/2018, 5:46:15 AM
Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of ... ✔ Hong Kong’s Hang Seng was up 0.1 percent and the Shanghai Composite Index added 0.15 percent ✔ Data on Tuesday showed China’s factory-gate inflation cooled for a third straight month in September amid ebbing domestic demand, pointing to more pressure on the world’s second biggest economy as it remains locked in an intensifying trade war with the United States ✔ Our Standards:The Thomson Reuters Trust Principles


Carter’s lesson for Trump: hands off the Fed

10/16/2018, 11:42:14 AM
undefined ✔ Donald Trump’s increasingly ferocious attacks on the Federal Reserve and its chairman, Jay Powell, contrast sharply with the respect with which recent US presidents have regarded the independence of its central bank ✔ His attack on Mr Powell escalated from not thrilled to disappointed


Alan Greenspan on What Trump Gets Wrong and Sweden Gets Right

10/16/2018, 11:09:35 AM
The U.S. economy may be in midst of one of the longest recoveries ever, but Alan Greenspan says the economy doesn’t look so great—and is at risk of losing its greatness. ✔ There’s this idea that [the deficit] doesn’t affect my pocketbook ✔ That anecdote is in a chapter titled The Two Americas ✔ It refers to the North and South, but that’s a phrase used a lot today to describe the current polarization ✔ The biases of human nature pop out in the other direction


Germany’s Mittelstand puts happy workers over profits

10/16/2018, 4:17:54 AM
undefined ✔ Klaus Fischer has an approach to business that would make a shareholder activist shudder ✔ Its newly built modernist headquarters boast one of Germany’s 50 best canteens, a top-notch gym and an intranet that allows employees to download stories to read to their children ✔ As a consequence, Mittelstand balance sheets tend to be rock-solid ✔ We always came to the same conclusion: it just makes more sense to keep it here in Germany


When Business Executives Become Reluctant Statesmen

10/16/2018, 10:28:08 AM
Without a strong stance from Washington to give them cover, top executives have been on their own dealing with Saudi Arabia, a country that has shown itself capable of holding a grudge. ✔ Despite pleas from corporate leaders for help, Mr. Trump continued to instruct Mr. Mnuchin to attend the conference while also saying that he would consider punishing the country if it was found to have killed Mr. Khashoggi ✔ Allen, Microsoft’s Co-Founder, Is Dead at 65 Among the Ruins of Mexico Beach Stands One House, Built ‘for the Big One’ Opinion: The Rich White Civil War Opinion: The Japanese Man Who Saved 6,000 Jews With His Handwriting Kenyans Say Chinese Investment Brings Racism and Discrimination White Woman Who Blocked Black Neighbor From Building Is Fired Elizabeth Warren’s DNA Results Put Trump on Defensive, but Also Raise Questions Opinion: Donald and the Deadly Deniers


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