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Trade War - SERIES 263 {12 articles}

Trade war and economic slowdown push Chinese stocks to 4-year low

10/18/2018, 5:28:36 PM
Signals from central bank suggest softer yuan in the cards ✔ The yuan's weakness has hit companies with relatively high dollar debt, such as airlines ✔ Though analysts generally expect authorities to affirm that the economy is still solid, they see a real stock market rally as unlikely without steps to shore up share prices


Trump administration names 6 prospective currency cheaters

10/18/2018, 4:59:02 PM
The Treasury Department said China is “of particular concern.” ✔ While no countries were officially given that designation, Treasury Secretary Steven Mnuchin cautioned that China was of particular concern to the White House, especially pertaining to its lack of currency transparency and the recent weakness of the Chinese renminbi ✔ Since mid-June, the renminbi has fallen more than 7 percent against the U.S. dollar ✔ The Trump administration has already imposed tariffs on $250 billion worth of Chinese goods, which have been met with countermeasures out of Beijing


US stocks extend slide with Nasdaq down 2.5%

10/18/2018, 6:20:56 PM
undefined ✔ US stocks extended their sell-off by mid-afternoon amid rising concerns about the US-China trade war, the prospect of further rate rises by the Fed and growing international furore at Saudi Arabia ✔ Riyadh has come under pressure over the disappearance of journalist Jamal Khashoggi and many prominent executives have dropped out of the Saudi conference dubbed Davos in the Desert


Here’s why investors are anxious about China’s next move

10/18/2018, 7:44:20 PM
Weakness in China’s yuan is causing concern among investors haunted by memories from the August 2015 devaluation scare. As the yuan is headed toward 7 per dollar, market participants are trying to anticipate what’s next. ✔ One dollar last bought 6.9378 yuan in Beijing and 6.9471 yuan offshore ✔ While the currency has sold off further versus the U.S. dollar than investors may have expected at the start of the year, the move has been widely attributed to market forces ✔ Subscribe to MarketWatch's free Asia Daily newsletter ✔ We Want to Hear from You Join the conversation Comment


Souring sentiment drags global stocks lower; oil falls

10/18/2018, 6:04:59 PM
Stocks fell on Thursday while German and U.S. bond prices rose in a move toward ... ✔ FILE PHOTO: A worker shelters from the rain as he passes the London Stock Exchange in the City of London at lunchtime October 1, 2008 ✔ That reinforced expectations that U.S. yields will rise further despite President Donald Trump’s view that the Fed is tightening too much ✔ tension and falling Iranian exports kept the decline in check ✔ Our Standards:The Thomson Reuters Trust Principles


Copper Dragged Down by Chinese Stock Selloff

10/18/2018, 4:21:39 PM
Copper prices slipped, following Chinese stock markets lower on the prospect of slowing global economic growth. ✔ U.S. Treasury Secretary Steven Mnuchin on Wednesday criticized Beijing’s lack of currency transparency, saying that its currency practices pose major challenges to achieving fairer and more balanced trade ✔ Elsewhere in the copper sector, Chilean state mining company Codelco has submitted plans to overhaul its Salvador mine and extend its life by 40 years, according to Reuters


Two Iowas? Candidates for Governor Try to Claim Both

10/18/2018, 6:22:52 PM
Republicans and Democrats are battling over the political identity of the state, as Kim Reynolds and her opponent, Fred Hubbell, spar over who is more Iowan. ✔ A lot of us are disgusted with what the Democrats have been doing, said Joleen Ballard, 66, who was selling pumpkins and gourds at a fall festival in Toledo, a small town about 70 miles from Des Moines ✔ Joseph Prezioso/Agence France-Presse Getty Images Why Many Native Americans Are Angry With Elizabeth Warren Andrew Harnik/Associated Press A Conservative Group’s Closed-Door ‘Training’ of Judicial Clerks Draws Concern Sabah Aide to Saudi Crown Prince, Suspect in Khashoggi Case, Is Shown Walking into Consulate Trending Opinion: Eight Stories of Men’s Regret Audio Offers Gruesome Details of Jamal Khashoggi Killing, Turkish Official Says Aide to Saudi Crown Prince, Suspect in Khashoggi Case, Is Shown Walking into Consulate How an Unlikely Family History Website Transformed Cold Case Investigations Opinion: I Didn’t Hate the English Until Now Why White Supremacists Are Chugging Milk (and Why Geneticists Are Alarmed) Mnuchin Withdraws From Saudi Investment Conference Amid Khashoggi Inquiry Solange, the Polymathic Cultural Force A Conservative Group’s Closed-Door ‘Training’ of Judicial Clerks Draws Concern Opinion: The Horseface Chronicles


Stocks Are Getting Hammered Because Overseas Problems Can’t Stay Overseas Forever

10/18/2018, 4:32:12 PM
Stocks were slumping on Thursday, following weakness in Asia that even earnings could not erase. ✔ For much of the summer, worries about a trade war with China and slowing global growth were just thatproblems for overseas markets, not the U.S. But stocks were slumping on Thursday, following weakness in Asia that even earnings could not erase ✔ It’s also poor timing in terms of what’s going on at the Federal Reserve


Investors flee Chinese stocks as negativity engulfs market

10/18/2018, 6:36:43 PM
Shanghai equities hit 4-year low while yuan sinks further ✔ Worries about China's slowing economic growth have made investors wary of domestic-demand-linked stocks such as condominium developer China Vanke, which has fallen 34%, and liquor producer Wuliangye Yibin, which has dropped 27% ✔ Though analysts generally expect authorities to affirm that the economy is still solid, they see a real stock market rally as unlikely without steps to shore up share prices


Shares of global manufacturers like Snap-on tools plunge as tariffs drive up costs

10/18/2018, 6:56:09 PM
U.S. companies with significant exposure to overseas markets sank Thursday amid a growing slowdown in the Chinese economy and higher input costs. ✔ Luke Sharrett | Bloomberg | Getty Images Wrenches dry on a hanging rack after receiving a chrome finish on the production line at the Snap-on Inc ✔ There's just caution right now in the global auto original equipment manufacturers, and that's coupled with I think just an overall softening a bit of the global auto OEM manufacturing


Trump's trade hawks dial up China pressure with postal threat

10/18/2018, 7:43:32 PM
Beijing 'regrets' latest US move against multilateral body ✔ Packages roll through a New York City post office ✔ His company in Shenzhen sold 100 million yuan ($14.4 million) worth of Bluetooth headphones and other electronics to American customers last year, but Yuan said the products were shipped in containers, not in parcels


U.S. and Chinese officials try to reset relations after months of growing military tensions - Los Angeles Times

10/18/2018, 7:00:35 PM
China and the U.S., the two biggest powers in the western Pacific, are engaging in tit-for-tat quarrels that sometimes appear to be careening toward full-blown military confrontation. Defense Secretary James Mattis met his Chinese counterpart Thursday in an effort to tamp down tensions. ✔ The top U.S. and Chinese military officials sought to tamp down tensions and reset their deteriorating relationship Thursday after months of tit-for-tat quarrels that at times threatened to escalate into a military confrontation between the Pacific’s two biggest powers ✔ Unlike previous administrations, however, Pentagon officials now openly discuss preparing for possible war against China a scenario that until recently was treated as something to plan for but not mention in public


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