China robot market growth to slump this year as trade war weighs
10/18/2018, 8:12:34 AMSales of industrial robots in China, the world's biggest market, will grow ... ✔ In the beginning of 2018, the demand for robots from China lost impetus compared to the huge increase of sales in the first half of 2017, the IFR said in its report ✔ Tsuda, also the chairman of Japan’s Yaskawa Electric Corp, said the manufacturers would move out of the wait-and-see mode by the end of this year ✔ ($1 = 112.5100 yen) Our Standards:The Thomson Reuters Trust Principles
Malaysia cuts growth target and ditches balanced budget goal
10/18/2018, 9:41:33 AMDowngrade of forecasts highlights trade war headwinds for Southeast Asia ✔ Malaysia and other nations in the region are grappling with lackluster consumer spending, falling currencies and the ripple effects of a trade war between U.S. and China ✔ Malaysia also forecast public investment to decline because of revisions to major infrastructure projects such as the Chinese-financed East Coast Rail Link
U.S. Farmers Could Face for a Potentially Huge Drop in Chinese Soy Imports Amid Trump's Trade War
10/18/2018, 10:49:14 AMWorld's biggest soybean importer looks beyond the U.S. to meet its needs. ✔ China imported 24.1 million metric tons of soybeans in the fourth quarter of 2017, much of it to feed its record pig population ✔ The two countries have been expanding their trade war since ✔ Chicago soybean commodity prices hit a ten-year low last month ✔ Soybeans are a major U.S. export, but it had already been overtaken by Brazilian exporters in 2013
China’s weak currency is helping it in the trade war — but Beijing doesn’t want it to fall further
10/18/2018, 11:27:59 AMThe Chinese yuan sank to a 21-month low against the U.S. dollar on Thursday. ✔ By Anna Fifield Anna Fifield Beijing bureau chief ✔ No stone is going to go unturned in terms of complaints ✔ The central bank’s governor, Yi Gang, has pledged not to use the yuan as a tool in the trade war ✔ We will not engage in competitive devaluation, and will not use the exchange rate as a tool to deal with trade frictions, he said at a conference in Indonesia last weekend, where he met with Mnuchin
Trump's Latest Salvo in His Trade War With China? Pulling Out of a 144-Year-Old Postal Pact
10/18/2018, 11:28:41 AMTrump wants better rates for American businesses, or the U.S. is out. ✔ Administration officials said they informed the Universal Postal Union that the United States intends to withdraw from the pact ✔ They then compensate each other for this service at rates set by the UPU, known as terminal dues, amended every four to five years
Trade spat clouds outlook for key iPhone chipmaker
10/18/2018, 10:38:41 AMTSMC cuts growth target for the third time as cryptocurrency downturn bites ✔ The revision of the annual growth target follows warnings from camera lens maker Largan Precision and electronic component provider Lite-On Technology last week ✔ Both are key smartphone suppliers to Apple, Samsung Electronics, and Huawei ✔ They have declined 10.75% from its recent peak of NT$265 a share on September 27
European and Asian leaders to boost ties, trade, security
10/18/2018, 11:35:39 AMBRUSSELS (AP) — After failing to reach a breakthrough on Britain's divorce terms from the European Union, EU leaders are rolling straight into another summit Thursday, this one aimed at forging closer links with Asia. The Asia-Europe meeting that starts Thursday night with a dinner attended by Belgian King Philippe will bring together 30 European leaders with their counterparts from 21 Asian nations, a membership that accounts for 55 percent of global trade. The meeting with the slogan, "Global Partners for Global Challenges" is happening amid a trade war between the United States and China and ongoing trade tensions between the EU and Washington.
China's stocks are plunging again — falling 3% to near 4-year lows as trade jitters return
10/18/2018, 9:08:56 AMAt the close of play in China, the Shanghai Composite — the country's benchmark index — fell by more than 2.9%, dropping to its lowest level since November 2014. ✔ Thursday's drop means that the Shanghai Composite has now fallen more than 30% since January, placing it deep into bear market territory ✔ On Tuesday, for instance, ratings agency S&P Global warned of a hidden debt pile in the country worth as much as $6 trillion ✔ Britain's FTSE 100 is 0.3% higher, while Germany's DAX has risen 0.5%
Dow Drops 45 Points, but Did You See China?
10/18/2018, 10:52:53 AMU.S. stocks look headed for a lower open as the Shanghai Composite slumped 2.9%. ✔ Text size 6:34 a.m. U.S. markets look set for a lower open on Thursday as Chinese stocks got rocked ✔ A hawkish Fed, as revealed in Wednesday’s minutes from September’s FOMC meeting isn’t helping either ✔ Asian equity markets are weakening under the strength of the dollar and aggressiveness of the Fed...and another fear of an [eerging] downturn
A Wall Street expert who recently fled the stock market says these 3 signals need to flash before he gets back in
10/18/2018, 10:16:57 AMBI PRIME: Vincent Deluard, a macro strategist at INTL FCStone, forecasted the most recent equity sell-off right before it happened. He now faces the difficult task of figuring out when to re-enter the stock market — and outlines three signals that need to flash before he considers it. ✔ Which is why it was so troubling when stocks and bonds sold off simultaneously last week ✔ And to complicate matters further, it was spiking yields which reflect declining bond prices that helped stoke so much anxiety in the equity market ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
The world's most accurate economic forecaster pinpoints the biggest risks investors will face in 2019 — and explains how they can prepare
10/18/2018, 10:16:55 AMBI PRIME: Christophe Barraud, the Paris-based chief economist of Market Securities, has been ranked as the world's most accurate forecaster every year since 2012. In an exclusive interview with Business Insider, he shared his biggest forecasts 2019 and what investors should expect. ✔ He continued: We think that since the beginning of the year, most economists aren't taking into account the impact of tariffs and the fact that there could be a negative surprise on global trade growth ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
China regulator asks creditors to avoid forced margin calls on...
10/18/2018, 9:57:42 AMA branch of China's securities regulator has asked creditors of a Beijing-b... ✔ In its email, Beijing Orient said the company did not face margin call risks, and that its operations were not affected by share pledges ✔ (This version of the story has been refiled to fix spelling of environmental in headline) Our Standards:The Thomson Reuters Trust Principles
Trump to exit global postal treaty in another shot at China
10/18/2018, 8:57:14 AMThe 144-year-old Universal Postal Union allows companies based abroad to ship to the U.S. at low rates ✔ Manufacturers and manufacturing workers in the United States will greatly benefit from a modernized and far more fair arrangement with China, Jay Timmons, president of the manufacturers association, said in a statement ✔ Human Rights Council and pulled U.S. funding for the U.N
HSBC Could Become the First Foreign Company to List Shares in China
10/18/2018, 11:37:11 AMAn HSBC listing would be a boost for Chinese authorities, who have watched their benchmark index fall more than 20% this year. ✔ The program could see 50 companies on the Shanghai and London sides list on each others’ markets within a few years, he said ✔ The Shanghai-London Stock Connect has been in the works since at least 2015, when then-U.K ✔ The program may be operational as early as Dec. 3, China’s state-run Shanghai Securities News previously reported
Dollar perched at one-week highs on upbeat Fed
10/18/2018, 8:26:55 AMThe dollar rallied to a one-week high against its rivals on Thursday as upbeat F... ✔ Interest rate futures are now pricing in an 83 percent likelihood that the Fed raises rates in December, according to the CME Group’s FedWatch Tool, the fourth hike this year ✔ Against a basket of its rivals, the dollar gained for a third consecutive day, up 0.2 percent at 95.78 ✔ Our Standards:The Thomson Reuters Trust Principles
China stocks plunge amid heavy selling in the energy sector and growing worries about the economy
10/18/2018, 10:44:14 AMChinese stocks fell sharply as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities. ✔ Chinese stocks fell sharply on Thursday as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities ✔ The yuan ended domestic trading at its weakest close against the dollar since January 2017
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, HMNY) | Markets Insider
10/18/2018, 11:49:08 AMundefined ✔ Reuters/Chris Wattie Here is what you need to know ✔ Saudi Arabia reportedly scraps its planned deal with Virgin Hyperloop ✔ The Financial Times reports Saudi Arabia is pulling the plug on its deal with Virgin Hyperloop, which included a feasibility study, after the Virgin Group's chairman, Richard Branson, said he would suspend working with the kingdom after the disappearance of the journalist Jamal Khashoggi
10 things you need to know before the opening bell
10/18/2018, 10:59:03 AMThis is what traders are talking about. ✔ Christophe Barraud, the Paris-based chief economist of Market Securities who has been ranked by Bloomberg as the most accurate forecaster of the US economy every year since 2012, gives Business Insider his 2019 outlook for US economic growth, the bond market, and why he favors US equities over Europe
Yuan loses ground after U.S. stops short of calling China a currency manipulator
10/18/2018, 11:44:02 AMMajor currencies are once again trading in tight ranges ahead of U.S. economic data, as investors digest the Treasury’s report on foreign exchange practices and Wednesday’s Federal Reserve meeting minutes. ✔ Meanwhile, the ICE U.S. Dollar Index DXY, -0.12% was slightly subdued on Thursday ahead of weekly jobless claims due at 8.30 a.m. Eastern, down 0.1% at 95.517 ✔ Anneken Tappe Anneken Tappe is a markets reporter for MarketWatch ✔ We Want to Hear from You Join the conversation Comment
Dollar snaps gains as Fed-fuelled rally fizzles
10/18/2018, 11:33:31 AMThe dollar stepped back from a one-week high on Thursday as investors took profi... ✔ The gap between ten-year U.S. yields and German counterparts has widened out to three-decade highs of 274 basis points and market watchers expect the spread to widen more in the coming months ✔ The minutes confirm that policymakers are expected to raise rates more over the next year and that is helping the dollar gain and the risk off moves last night in Asian stocks is also another factor, said Richard Falkenhall, senior FX strategist at SEB in Stockholm ✔ Our Standards:The Thomson Reuters Trust Principles
Dollar stands tall, stocks fall after hawkish Fed minutes
10/18/2018, 9:25:19 AMThe dollar rose to a one-week high on Thursday and stocks edged lower after sign... ✔ The last thing emerging markets, or the US yield curve or equities want is a reminder that US rates are going to keep going up, Rabobank analysts told clients ✔ The euro changed hands at $1.1518, holding steady versus the greenback, after losing 0.65 percent on Wednesday ✔ Our Standards:The Thomson Reuters Trust Principles
Dollar steadies as Fed minutes weigh on stocks, yuan
10/18/2018, 11:43:06 AMThe dollar held near a one-week high on Thursday and stocks were mixed after min... ✔ LONDON (Reuters) - The dollar held near a one-week high on Thursday and stocks were mixed after minutes showing the Federal Reserve may favor more rate hikes next year ✔ REUTERS/Toby Melville/File Photo The greenback held on to gains on Thursday ✔ Against a basket of its rivals, the dollar rose for a third consecutive day, trading broadly flat at 95.517 ✔ Our Standards:The Thomson Reuters Trust Principles
As tensions mount, Mattis seeks more resilient U.S. ties with...
10/18/2018, 8:03:50 AMU.S. Defense Secretary Jim Mattis held high-profile talks with his Chinese count... ✔ China has been infuriated by the United States putting sanctions on China’s military for buying weapons from Russia, and by what Beijing sees as stepped-up U.S. support for self-ruled Taiwan, claimed by China as its sacred territory ✔ Our Standards:The Thomson Reuters Trust Principles
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