Trade war begins to squeeze Chinese wallets
10/16/2018, 9:00:38 PMTariffs on US products from cars to soybeans drive faster inflation ✔ Companies that use U.S.-made chemicals in such products as paint and construction materials have reportedly warned customers of coming price increases as well ✔ But imports fell just 1.4 million tons in January through September, far short of the target
China exporters worried about trade war, rising costs at home:...
10/16/2018, 10:19:19 PMChinese 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
Chinese consumers start to feel the burn from trade war
10/16/2018, 8:27:00 PMTariffs on US products from cars to soybeans drive faster inflation ✔ Companies that use U.S.-made chemicals in such products as paint and construction materials have reportedly warned customers of coming price increases as well ✔ But imports fell just 1.4 million tons in January through September, far short of the target
8 Stocks to Buy for the Fourth Quarter
10/16/2018, 10:59:49 PMBank of America has chosen eight top stocks with near-term catalysts. ✔ View all in one page Credit (Spencer Platt/Getty Images) Look for the market to rebound ✔ With a number of uncertainties surrounding the November midterm elections, third-quarter earnings season and the ongoing trade war, stock selection is critical in today’s market
Big U.S. banks end third quarter on high note
10/16/2018, 6:58:41 PMWall Street's top investment banks enjoyed a strong third quarter as streng... ✔ A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018 ✔ JPMorgan Chase & Co (JPM.N), the biggest U.S. bank, said on Friday its third-quarter profit jumped nearly 25 percent, with each of its four business units generating higher revenues
How Corporate America’s lobbying on tariffs has surged — in one chart
10/16/2018, 5:28:28 PMBy one metric, U.S. companies and groups have increased their lobbying on tariffs to a level not seen in at least a decade. ✔ Looking more comprehensively for the term ‘tariff’ in any issue area results in a 2018 total of 496, he said ✔ Don’t miss: Trade-war tracker the new levies, imposed and threatened And see: What companies are saying about tariffs as they post earnings The tariffs imposed by the Trump administration have been requested by U.S. companies, with appliances maker Whirlpool Corp. WHR, +2.02% , for example, asking for import barriers ✔ We Want to Hear from You Join the conversation Comment
Taiwan courts Trump by boosting soybean imports from US
10/16/2018, 5:20:11 PMFarm states are a key battleground in the American midterm elections ✔ Although the purchase volume for 2018 and 2019 was agreed upon by last year's representatives, the amount was increased 30% during the September trip ✔ The Tsai administration appears to be also trying to move closer to the U.S. through greater imports of defense equipment
Investors haven't been this pessimistic on the global economy since 2007
10/16/2018, 10:04:27 PMFund managers are hoarding cash as they become the most bearish on global activity in a decade ✔ Loading This time, the Federal Reserve isn't here to soothe investors ✔ That means the strike price on any so-called Powell put would require a further 9 per cent downdraft ✔ Bloomberg World markets Most Viewed in Business Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation
U.S. Is World’s Most Competitive Economy for First Time in a Decade
10/16/2018, 10:17:25 PMThe U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum, which said the country could still do better on social issues. ✔ The report scores countries on how closely they match up to the competitive ideal ✔ America’s vibrant entrepreneurial culture and its dominance in producing a competitive labor market and nimble financial system are among the several factors that contribute to making the U.S.’ innovation ecosystem one of the best in the world, the report said ✔ The rankings rely on public data on measures such as inflation and debt levels along with a survey of chief executives
Trump looks to start formal US-UK trade talks
10/16/2018, 11:36:59 PMundefined ✔ The Trump administration has told Congress that it wants to start formal trade talks with the UK as soon as it is ready after Brexit, a sign that negotiations with London are a priority even as Washington seeks separate deals with the EU and Japan and fights a trade war with China ✔ The goal was to support higher paying jobs in the US and to grow the US economy, Mr Lighthizer wrote
China's new Australian buzzwords to counter Trump
10/16/2018, 9:11:38 PMA term that was used 22 years ago by the Australian government is China's latest weapon in its trade spat with the US. ✔ Chinese is using some Australian inspiration in its tarde battle with Trump ✔ It would require a political decision to make it happen.. ✔ A new database on Chinese investment in Australia run by ANU shows 15 per cent of 234 transactions between 2014 and 2017 involved a Chinese state owner
Small-cap stocks are down, but not necessarily out, analysts say
10/16/2018, 8:20:27 PMIt has paid to bet on small companies in 2018, until recent weeks. Will small-caps avoid a total rout? ✔ That gave investors hope that we’ll see deals pan out with China and Europe ✔ The final nail in small-caps’ coffin was rising rates, as the yield on the 10-year Treasury note TMUBMUSD10Y, +0.12% rose more than 20 basis points over the past month ✔ We Want to Hear from You Join the conversation Comment
US Economy 2018: Industrial Output Rises; Job Openings At Record High
10/16/2018, 7:08:40 PMU.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter. ✔ Mining production increased 0.5 percent in September, adding to the 0.4 percent rise in August ✔ Reuters Reporting By Lucia Mutikani; Editing by Andrea Ricci A job seeker completes an application at a career fair in Philadelphia, July 25, 2013
Fund managers haven’t been this bearish on global growth since 2008: BAML survey
10/16/2018, 5:28:25 PMA net 38% of fund managers expect global growth to decelerate in the next year, according to Bank of America Merrill Lynch’s October survey, the worst outlook since November 2008. But they’re not bearish enough to offer a contrarian buy signal. ✔ On the allocation front, managers didn’t budge much when it comes to global equities, holding steady at a net 22% overweight, near July’s recent low of net 19% ✔ BABA, +3.10% and Tencent Holdings Ltd 0700, -0.50% ✔ We Want to Hear from You Join the conversation Comment
U.S. industrial output rises; job openings at record high
10/16/2018, 5:17:58 PMU.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 ✔ Manufacturing output increased at a 2.8 percent rate in the third quarter after growing at a 2.3 percent pace in the April-June period ✔ Our Standards:The Thomson Reuters Trust Principles
Second summit, second chance
10/16/2018, 10:05:31 PMAt next meeting with Kim, Trump must ensure nuclear deal is secured prior to any peace accord ✔ The North does not have the right to develop nuclear weapons, and the United States should not negotiate a peace agreement without serious progress on that file ✔ Bruce Jones is vice president and director of the Brookings Institution's foreign policy program
US-China tensions soar as 'new cold war' heats up
10/16/2018, 10:15:40 PMRivalry escalates amid concerns over trade, as warships nearly collide and an FBI trap angers Beijing ✔ The Belgian authorities, working with their American counterparts, were waiting for him ✔ a cold war mentality and this zero-sum game and treat China’s development with openness, inclusivity and cooperation ✔ It’s part of the bargaining process, taking very tough stances ✔ The two sides are dancing very delicately even amid the tough rhetoric
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