Samsung steps up 5G drive as Huawei struggles with trade war
10/17/2018, 4:22:51 AMSouth Korean tech giant increases network presence amid US security concerns ✔ Samsung is benefiting from the trade war, said an industry source close to the company who asked not to be named ✔ But Washington has continued to try to exclude Chinese businesses from its list of communications equipment suppliers, due to concerns over possible leaks of confidential information ✔ According to Miyauchi, SoftBank will start by airing games of its professional baseball team, the SoftBank Hawks, through its 5G network
China must take care in countering trade war's economic blows
10/17/2018, 5:07:55 AMFiscal stimulus best way to bolster short-term growth and support rebalancing ✔ The cut in the reserve requirement ratio for banks taking effect on Oct. 15 represents a significant easing step ✔ Its weak intellectual property protection regime, under-the-table subsidies, and discriminatory regulations fall short of its commitments under World Trade Organization rules and should be thwarted ✔ Eswar Prasad is a professor of trade policy at Cornell University and a senior fellow at the Brookings Institution
US plans trade deals with Japan, UK, EU
10/17/2018, 2:00:35 AMThe US wants to negotiate three separate trade deals, but talks with the UK would start after Brexit. ✔ The US plans to start negotiations with Japan, the world's third largest economy, as soon as practicable, but no earlier than 90 days from the date of this notice, Mr Lighthizer wrote in a letter to Congress ✔ While the UK is not able to negotiate trade agreements until it formally leaves the EU, a US-UK working group launched in 2017 has been preparing the ground for a potential future trade agreement
Scholar says claims of China currency manipulation 'total rubbish':...
10/17/2018, 1:01:44 AMClaims that China is trying to devalue the yuan to boost exports are "total... ✔ Market data indicates that investors are betting on the currency breaching a key level of 7 to the dollar as the greenback strengthens and China’s central bank eases policy to boost economic growth ✔ He also warned that China should be well prepared for the worst scenario if a heated Sino-U.S ✔ Our Standards:The Thomson Reuters Trust Principles
Gold prices hold steady as investors wait for Fed minutes
10/17/2018, 3:18:05 AMThe minutes from the Federal Reserve's latest policy meeting are in focus, with markets looking for clues regarding the pace of interest rate hikes. ✔ Asian equities got some much needed relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies ✔ The Shanghai Futures Exchange (ShFE) on Tuesday invited companies to apply for a market maker role on its nickel and gold futures contracts in a bid to boost liquidity
Dollar consolidates, yen weakens as risk sentiment improves
10/17/2018, 3:18:08 AMThe dollar firmed against a basket of currencies on Wednesday and gained against the yen following a strong performance for stocks on Wall Street. ✔ Interest rate futures are pricing in a 77 percent likelihood that the Federal Reserve will again raise rates at the U.S. central bank's December meeting, according to the CME Group's FedWatch Tool ✔ The yellow metal hit its highest level since July 27 on Monday, hitting an intra-day high of $1,233 per ounce
Dollar gains after U.S. shares rise, yen slips as risk appetites...
10/17/2018, 4:33:25 AMThe dollar strengthened against most major peers on Wednesday, while the yen wea... ✔ The British pound GBP= was at $1.3175, down 0.1 percent, after tacking a gain of 0.25 percent on Tuesday ✔ While sterling was supported by Tuesday’s stronger than expected British employment data, investors are still doubtful that the European Union Summit on Wednesday will yield much progress on the Northern Island border issue blocking a Brexit agreement ✔ Our Standards:The Thomson Reuters Trust Principles
Singapore exports show shifting trade patterns
10/17/2018, 7:41:20 AMShipments to US, EU surge while those to China plunge again ✔ Enterprise Singapore's data showed shipments of electronics declined 0.9% year on year in September, falling for the 10th consecutive month ✔ Enterprise Singapore said non-oil re-exports, which refer to goods made elsewhere but exported by the city-state, rose 13.3% on year to S$23.8 billion on a seasonally adjusted basis in September
Asia's natural gas prices are rising. Now higher oil prices and tariffs could cause more pain
10/17/2018, 6:32:27 AMPrices of Asia's liquefied natural gas are set to go up on the back of surging oil prices and tightening supplies, analysts say. ✔ Reuters A liquified natural gas (LNG) storage tank and workers are reflected in water at PetroChina's receiving terminal at Rudong port in Nantong, China, September 4, 2018 ✔ Chinese demand has jumped 150 percent between 2017 and 2018 making up half of the global demand growth, according to Wood Mackenzie in a report
Politics puts the skids under bull market
10/17/2018, 1:52:46 AMundefined ✔ The bad news is that this is a reduction of 0.2 percentage points in 2018 and 2019 from its April forecast ✔ Many debtors must be vulnerable to rising interest rates ✔ Will policymakers co-operate as they did in 2008 and 2009 ✔ The idea that the economy will motor on regardless while this happens is a fantasy
US Economy 2018: Job Growth Cools; Unemployment Rate Drops To 3.7 Percent
10/17/2018, 3:39:01 AMU.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions. ✔ Average hourly earnings increased 0.3 percent in September after a similar rise in August ✔ Reuters Reporting by Lucia Mutikani; Editing by Leslie Adler and Paul Simao Construction cranes are busy at work as a construction boom continues in Los Angeles, California, March 6, 2017
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