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Trade War - SERIES 254 {19 articles}

Nanya cuts memory investment 10% on trade war impact

10/16/2018, 2:46:25 PM
Taiwanese supplier to Huawei and Dell confirms boom has ended ✔ (Photo by Cheng Ting-fang) Smartphone unit growth has stopped despite the fact that these devices need better DRAM for more advanced features, while the overall PC market looks weak, according to Lee ✔ Nanya Tech shares closed 5.42% lower at NT$54.10 ahead of its earnings report and have declined about 30% so far this year


Poll: China exporters worried about trade war, rising costs at home

10/16/2018, 12:28:00 PM
Chinese exporters are mostly confident they can weather a trade war with the Uni... ✔ One massive advantage China has is our ability to work hard and endure hardship, we thrive under competition, said Michael Zhuo of Yuyao Ghost Audio, adding around two thirds of his customers are in the United States ✔ Our Standards:The Thomson Reuters Trust Principles


Wall St. opens higher led by tech stocks

10/16/2018, 1:41:02 PM
U.S. stocks opened higher on Tuesday, led by technology stocks, as upbeat earnin... ✔ (Reuters) - U.S. stocks opened higher on Tuesday, led by technology stocks, as upbeat earnings from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits ✔ Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 12, 2018 ✔ Our Standards:The Thomson Reuters Trust Principles


One key Democrat built a midterm campaign around the economy — and it hasn’t worked

10/16/2018, 2:27:17 PM
The senator from North Dakota has targeted economic issues. It hasn’t worked, according to polling. ✔ ND is feeling the harsh impact of this administration’s #tradewar ✔ My statement on U.S. Supreme Court nominee Judge Brett Kavanaugh: pic.twitter.com/exZcK78JtF Sen ✔ Instead, it is overwhelmingly benefitting corporate executives and Wall Street investors ✔ We Want to Hear from You Join the conversation Comment


Copper Edges Lower After Sluggish Chinese Economic Data

10/16/2018, 2:10:03 PM
Copper prices edged lower as worries about a weaker Chinese economy continued to hang over the market. ✔ That said, any ratchet higher in trade war tensions is likely to result in China resorting to infrastructure stimulus to support growth, a move which would be positive for copper prices, Mr. Munro said ✔ Platinum was up 0.2% at $848 and palladium fell 0.4% to $1,074.20


Starbucks Is Brewing Up Massive Growth in China

10/16/2018, 2:30:09 PM
Digital payments are key. ✔ To get a sense of the future of Starbucks, look to China ✔ More than 60% of Starbucks’ tender in China is paid for digitally via the company’s mobile app and partnerships with Alibaba (baba) and Tencent ✔ Getting into payments is not something that’s bubbled up to the priority list, Johnson said


Global investors haven't been this bearish on the economy since the financial crisis — and Bank of America says there's only one way to play it

10/16/2018, 1:47:02 PM
BI PRIME: The market's volatility in early October brought to light a new milestone in how investors view the global economy, according to Bank of America Merrill Lynch. The firm's chief investment strategist offered a specific recommendation to clients alongside the survey findings. ✔ Investors saw a trade war as the global economy's biggest tail risk for a fifth straight month, amid the dispute that has seen the US slap tariffs on $250 billion worth of Chinese goods ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content


Wall St. set to rebound on strong results from UnitedHealth, Goldman

10/16/2018, 1:10:29 PM
Wall Street was set to recover on Tuesday as upbeat earnings reports from blue-c... ✔ Still, earnings at S&P 500 companies are expected to have risen 21.6 percent in the third quarter, a slowdown from the past two quarters, according to I/B/E/S data from Refinitiv ✔ At 8:38 a.m. ET, Dow e-minis 1YMc1 were up 191 points, or 0.76 percent ✔ Our Standards:The Thomson Reuters Trust Principles


The economist that predicted the housing crisis warns the Fed is engaging in behavior that's almost always caused a recession

10/16/2018, 12:29:27 PM
Gary Shilling says there is nothing on the immediate horizon that would trigger a correction but he warns that Fed tightening has caused a recession 11 out of 12 times in the post World War period. ✔ But you know, the numbers for what they measure are I think, are correct, but that doesn't mean that they are going to have the kind of relationships that the Fed thinks they should have with the employment ✔ Of course, the problem is when pessimism turns to activism, then the end is near


Winter arrives for Chinese tech companies

10/16/2018, 1:28:08 PM
undefined ✔ Anyone trying to predict when the salad days of Chinese tech companies will come to an end needs only to look at Meicai ✔ Last week, it raised another $600m and is now reportedly worth $7bn ✔ Tencent, at 30 times, is comfortably ahead of Facebook, its closest US proxy


U.S. industrial output rises, but momentum slowing

10/16/2018, 1:56:59 PM
U.S. industrial production increased for a fourth straight month in September, b... ✔ An employee works on the sealer line in the paint department during a tour of an automobile plant in Marysville, Ohio October 11, 2012 ✔ But manufacturers are increasingly complaining that the tit-for-tat trade tariffs between Washington and Beijing are disrupting supply chains, which could hurt future production ✔ Our Standards:The Thomson Reuters Trust Principles


Equity trading strength boosts profits at Morgan Stanley, Goldman

10/16/2018, 2:07:55 PM
Wall Street's top investment banks reported better-than-expected quarterly ... ✔ Both Morgan Stanley and Goldman have lost more than 15 percent of their value this year, making them the two worst performing stocks among the big six banks ✔ EQUITY UNDERWRITING SHINES Investment bankers helped the banks bring in big gains during the quarter ✔ Our Standards:The Thomson Reuters Trust Principles


Dollar weakens as stock gains show improving risk sentiment

10/16/2018, 2:25:05 PM
The U.S. dollar index dropped to more than two-week lows on Tuesday while emergi... ✔ It’s a lack of negative headlines today, which if anything else is just a change from what we’ve seen, said Erik Nelson, a currency strategist at Wells Fargo in New York ✔ ======================================================== Currency bid prices at 9:57AM (1357 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1598 $1.1577 +0.18% -3.32% +1.1621 +1.1566 Dollar/Yen JPY= 112.1300 111.7600 +0.33% -0.48% +112.1800 +111.7300 Euro/Yen EURJPY= 130.05 129.41 +0.49% -3.79% +130.2900 +129.4200 Dollar/Swiss CHF= 0.9890 0.9868 +0.22% +1.51% +0.9898 +0.9859 Sterling/Dollar GBP= 1.3217 1.3150 +0.51% -2.18% +1.3235 +1.3141 Dollar/Canadian CAD= 1.2936 1.2990 -0.42% +2.85% +1.2998 +1.2936 Australian/Doll AUD= 0.7146 0.7130 +0.22% -8.40% +0.7151 +0.7113 ar Euro/Swiss EURCHF= 1.1470 1.1426 +0.39% -1.87% +1.1472 +1.1429 Euro/Sterling EURGBP= 0.8772 0.8805 -0.37% -1.25% +0.8813 +0.8753 NZ NZD= 0.6586 0.6549 +0.56% -7.06% +0.6596 +0.6545 Dollar/Dollar Dollar/Norway NOK= 8.1286 8.1503 -0.27% -0.96% +8.1618 +8.1179 Euro/Norway EURNOK= 9.4279 9.4402 -0.13% -4.27% +9.4474 +9.4187 Dollar/Sweden SEK= 8.8861 8.9516 -0.59% +8.34% +8.9626 +8.8828 Euro/Sweden EURSEK= 10.3070 10.3680 -0.59% +4.76% +10.3780 +10.3080 Our Standards:The Thomson Reuters Trust Principles


Wall St. gains after strong earnings from blue-chips

10/16/2018, 2:25:06 PM
U.S. stocks rose broadly on Tuesday, led by technology and healthcare shares, as... ✔ Strong quarterly earnings from some of the biggest U.S. companies would help soothe nerves of investors who have been fretting over the impact of tariffs, rising interest rates and wage growth among others on corporate profits that have weighed on U.S. stocks this month


Infosys quarterly profit beats expectations amid large deals

10/16/2018, 12:38:52 PM
India's second-biggest software exporter sticks to growth forecast ✔ The leadership turmoil spilled into this year, with four key executives stepping down since the beginning of the year and pushing the company's growth into a slow track ✔ Infosys's stock lost 0.4% in Mumbai trading ahead of the earnings, while the benchmark S&P BSE Sensex gained 0.9%


Tuesday Morning Briefing

10/16/2018, 1:10:27 PM
Secretary of State Mike Pompeo meets Saudi king on Khashoggi case, Beto O'R... ✔ REUTERS/Carlos Garcia Rawlins Smugglers, in ever growing numbers, emerge with a ragtag group of Venezuelan migrants – men struggling under tattered suitcases, women hugging bundles in blankets and schoolchildren carrying backpacks ✔ Exclusive: Facebook to ban misinformation on voting Our Standards:The Thomson Reuters Trust Principles


Chinese robotics start-up cracks the code for western markets

10/16/2018, 1:19:25 PM
undefined ✔ The company then shifted its focus to making robot kits for kids, profiting from the rising popularity of science, technology, engineering and math education around the world ✔ Related stories Vietnam’s first car-hailing app FastGo heads overseas Indonesian start-up rides south-east Asia’s booming office-sharing market Top crypto mining equipment maker powers through bitcoin meltdown Buffett’s Indian pick Paytm aims to build financial-services empire China’s ‘four dragons’ drive hopes for electric car industry


In Virginia’s coal country, congressional candidates debate the future

10/16/2018, 1:01:28 PM
Rep. Griffith wants to return to coal; Democrat Flaccavento talks new options for miners ✔ By Gregory S. Schneider Gregory S. Schneider Reporter covering Virginia from the Richmond bureau Email Bio Follow October 16 at 8:53 AM BLUEFIELD, Va ✔ He said he needed to see the language on the new trade agreement with Mexico and Canada to be able to judge it


Analysis | The Finance 202: The swamp is starting to shun Saudi Arabia

10/16/2018, 12:15:26 PM
But Trump is not. ✔ In September, only 30,000 barrels a day of U.S. oil went to China, down from an average of over 350,000 barrels in the year up till July ✔ A post shared by The New Yorker Cartoons (@newyorkercartoons) on Oct 15, 2018 at 12:04pm PDT BULL SESSION Trump: Putin probably involved in assassinations: Trump calls Sears bankruptcy a shame: How U.S. sanctions on Iran are hitting an Iraqi holy city:


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