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Trade War - SERIES 259 {16 articles}

Exxon Mobil Bets Big On China LNG, Sidesteps Trade War

10/18/2018, 3:44:12 AM
In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of tariffs. ✔ State-run power company Guangdong Yuedian Group said on its website it will join the project ✔ BP Plc is the only other foreign oil major with a stake in a Chinese LNG terminal ✔ (Reporting by Gary McWilliams in HOUSTON and Henning Gloystein in SINGAPORE; editing by Edward Tobin) -Reuters


Exxon Mobil bets big on China LNG, sidesteps trade war

10/18/2018, 12:18:11 AM
In the middle of a Sino-U.S. trade war, the world's largest publicly traded... ✔ Next year, China will become the world’s largest importer of natural gas, and its LNG imports are forecast to rise 70 percent by 2020, from 38.1 million tonnes last year, estimates Beijing consultancy SIA Energy ✔ Our Standards:The Thomson Reuters Trust Principles


China has plenty of ammunition to fight its corner in trade war - Opinion

10/18/2018, 12:06:04 AM
undefined ✔ [Photo/VCG] Editor's note: On Sunday, CBS broadcast an interview with US President Donald Trump in which he said China does not have sufficient ammunition when talking about the ongoing trade war ✔ First, China's economic growth rate has been stabilizing between 6.7 and 6.9 percent for 12 successive quarters, signaling a prosperous economy, which in turn boosts robust consumption and incessant investment


Five things to watch: China’s third-quarter GDP

10/17/2018, 10:52:40 PM
undefined ✔ Last month China’s exports rose a stronger than expected 14.5 per cent year on year, as the country’s monthly surplus with the US reached a record $34.1bn ✔ If China’s officials are not panicking yet, what about in the next quarter ✔ So will Beijing resort to a big stimulus, as it did in 2009


Trump to nominate former Air Force general as top Asia diplomat

10/18/2018, 12:51:06 AM
U.S. President Donald Trump plans to nominate former Air Force General David Sti... ✔ Stilwell joined the Air Force in 1980 as a Korean linguist and served in South Korea before earning degrees in Asian studies and the Chinese language ✔ He also served with the Air Force in Japan, as well in a senior Asia planning role at the Pentagon and as defense attache in Beijing from 2011 to 2013 ✔ Our Standards:The Thomson Reuters Trust Principles


Tesla's VP of manufacturing is said to have left months ago - Los Angeles Times

10/17/2018, 11:48:13 PM
Tesla lost one of its senior manufacturing executives months ago, according to a person familiar with the matter, a loss that lengthens the list of departures during a harried period for the Elon Musk-led maker of electric cars. Gilbert Passin was Tesla’s vice president of manufacturing. ✔ lost one of its senior manufacturing executives months ago, according to a person familiar with the matter, a loss that lengthens the list of departures during a harried period for the electric-car maker led by Elon Musk ✔ Also on Wednesday, Tesla said it signed an agreement to secure land in Shanghai for its first factory outside the United States, pushing ahead with development as the U.S.-China trade war continues


Wall St. falls as investors eye a united hawkish Fed

10/17/2018, 8:50:55 PM
Wall Street's major indexes edged lower after a choppy session on Wednesday... ✔ The Dow Jones Industrial Average .DJI fell 91.74 points, or 0.36 percent, to 25,706.68, the S&P 500 lost 0.71 points, or 0.03 percent, to 2,809.21 and the Nasdaq Composite .IXIC dropped 2.79 points, or 0.04 percent, to 7,642.70 ✔ Our Standards:The Thomson Reuters Trust Principles


South Korea holds rates amid growth risks, trade tensions

10/18/2018, 2:09:42 AM
South Korea's central bank kept monetary policy steady on Thursday for a se... ✔ Kong Dong-rak, an economist at Daishin Securities, said the chances of a rate hike in November are higher now, adding he expects Governor Lee to give a clear hiking signal to the public during the press conference later on Thursday ✔ Our Standards:The Thomson Reuters Trust Principles


Trump won’t brand China a currency manipulator

10/18/2018, 3:30:34 AM
WASHINGTON--The Trump administration has again decided not to brand China a currency manipulator. Bu ✔ The Trump administration contends that China is using predatory practices to challenge American technological dominance ✔ The new report said America's trade deficit has continued to widen this year, partly reflecting stronger growth in the United States than many other nations, but also persistent trade and investment barriers in many economies, along with sustained undervaluation of many currencies


Mattis to seek more resilient US ties with China's military

10/18/2018, 3:19:47 AM
US defense secretary to meet Chinese counterpart in Singapore ✔ Mattis saw first hand last month how growing Sino-U.S ✔ And, should one occur, that we have the ability to manage that so it doesn't worsen ✔ I think our message will be: No single country can change international law and national norms ✔ We'll fly, sail and operate where international law allows, Schriver said


China’s growth slowdown puts private sector on the defensive

10/17/2018, 10:52:41 PM
undefined ✔ He is promoting an overseas Reit-like platform for retail investors together with Russian partners ✔ He toured Zhongwang, the aluminium extruder whose sudden burst of exports to the US single-handedly triggered the imposition of anti-dumping duties on aluminium products that presaged much of today’s trade tension


Chinese new loans rebound in September but overall credit conditions remain tight 

10/18/2018, 1:52:39 AM
China's new bank loans rebounded in September after dipping in the two previous months, central bank data showed, but overall credit conditions stayed tight in an economy chilled by an ongoing tariff war with the U.S. ✔ But the increased lending barely compensates for shrinking shadow loans, one of the major targets of regulators as they seek to curb systemic financial risks ✔ Watch: How China manages its monetary policy How China manages its monetary policy    8:31 AM ET Tue, 31 July 2018 | 01:19


Trump ditches 144-year-old postal pact that boosts Chinese retailers

10/17/2018, 8:28:07 PM
The president moves to undo a 144-year-old postal treaty that gave steep discounts to Chinese-based businesses ✔ By Danielle Paquette Danielle Paquette Reporter focusing on national labor issues Email Bio Follow October 17 at 4:01 PM President Trump moved Wednesday to withdraw from a 144-year-old international postal agreement that enables businesses in China to mail small packages to the United States at a hefty discount, an arrangement government officials said boosts foreign competitors and costs the post office roughly $170 million per year ✔ UPU Director General Bishar Hussein said in a Wednesday statement that he regrets the decision and welcomed the opportunity to talk further with U.S. officials


Cramer: The Fed may already be winning the war against inflation and needs to pause the rate hikes

10/17/2018, 10:30:55 PM
Jim Cramer points to "pockets of weakness" in the U.S. economy and questions the Federal Reserve's plans to hike rates three more times in 2019. ✔ CNBC's Jim Cramer argued on Wednesday that mixed economic data, coupled with more hawkish rhetoric from the Federal Reserve, were to blame for the stock market's volatile trading session ✔ The pin action from that downgrade crushed all of retail, Cramer noted


Cramer flags 5 industrial stocks he likes right now, including Union Pacific and Boeing

10/17/2018, 10:54:07 PM
Jim Cramer ranks the most investable stocks in the industrial space, which includes railroad operators, manufacturers and aerospace plays. ✔ The company, which makes business jets, alternative vehicles like golf carts, helicopters and defense products like drones and simulations, is positioned to benefit from U.S. military spending increases, Cramer said ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website


A tax hike Japan can't afford

10/17/2018, 10:11:32 PM
Abe will regret proposing retrenchment just as the economic outlook is clouding ✔ You would think executives at Toyota Motor, Fast Retailing's Uniqlo chain and SoftBank have enough worries already ✔ He was given the 2018 prize for excellence in opinion writing by the Society of Publishers in Asia, for his work for the Nikkei Asian Review


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