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Trade War - SERIES 264 {13 articles}

Trade war with China may cause 2020 recession

10/18/2018, 8:05:55 PM
There are increasing worries that the chilly trade relations between the US and China could lead to a deep slowdown in the US economy -- especially as the Federal Reserve continues to fight inflation. ✔ The United States can deal most effectively with China by working with Europe, Canada, Australia, Japan and the rest of the developed world on a unified stance, Temple said ✔ That's likely the reason why President Trump has been criticizing the central bank so much lately


Dow Jones PLUNGES as US trade war with China escalates

10/18/2018, 9:48:45 PM
THE Down Jones dropped more than 300 points on Thursday, the latest of a string of losses recorded during this month. ✔ China has not responded positively to any of our asks ✔ International politics also played a major role in today’s fall of the Dow Jones, as stocks fell as Treasury Secretary Steven Mnuchin pulled off an investment conference in Saudi Arabia, as the kingdom is under growing pressure following the death of Saudi journalist Jamal Khashoggi


China's Q3 GDP growth set to hit weakest since 2009 amid trade war strain

10/18/2018, 11:29:00 PM
BEIJING-- China's third-quarter GDP data on Friday is expected to show growth slipped to its weakest ✔ MEASURED STIMULUS SEEN Policymakers have in recent months unveiled measures to lower financing costs, cut taxes and fast-track more infrastructure projects, although analysts believe more stimulus measures are needed to put a floor under the slowing economy


Huawei and US startup battle in tech theft court case

10/18/2018, 11:31:38 PM
Dispute between ex-researcher and Chinese telecom mirrors broader trade war ✔ Huawei strongly denies the allegations, the company said in a statement to the Nikkei Asian Review ✔ Huawei must serve a list identifying the trade secrets covered in its allegations by Jan. 14, 2019, according to a schedule entered by the court on Wednesday


Trump is pulling the US out of an obscure 144-year-old treaty to take a shot at China in the trade war

10/18/2018, 10:26:47 PM
President Donald Trump pulled the US out of the Universal Postal Union treaty, a 144-year-old postal agreement with 192 member countries. The target of the move appeared to be Trump's new rival: China. ✔ The Trump administration says many companies even offer free shipping to the US from China because of these lower rates and as a result, roughly 60% of inbound shipping to the US comes from China ✔ The US has undertaken a series of efforts that point to an escalation of its confrontation with Beijing, including sanctions on members of China's defense ministry and allegations of election tampering


Apple supplier TSMC cuts growth target again on trade worries

10/18/2018, 8:29:49 PM
Cryptocurrency downturn adds to troubles for world's top chip foundry ✔ Net income, however, fell by 0.9% over last year to NT$89.1 billion due to additional costs from a computer virus ✔ The revision of the annual growth target follows warnings from camera lens maker Largan Precision and electronic components provider Lite-On Technology last week ✔ They have declined 10.75% from its recent peak of NT$265 a share on Sept


Global stocks tumble on souring sentiment; oil falls

10/18/2018, 8:54:21 PM
Stocks fell sharply on Thursday while the Japanese yen rose in a move toward saf... ✔ The last thing emerging markets, or the U.S. yield curve or equities, want is a reminder that U.S. rates are going to keep going up, Rabobank analysts told clients in a note ✔ tension and falling Iranian exports kept the decline in check ✔ Our Standards:The Thomson Reuters Trust Principles


PayPal’s Still Got It and 2 More Things We Learned from Earnings

10/18/2018, 9:49:11 PM
The online-payments company was soaring after reporting a larger-than-expected profit, while tobacco stocks aren’t going up in smoke. We look ahead to Procter & Gamble, Honeywell, and Schlumberger. ✔ Text size 3 things we’ve learned from earnings Tobacco isn’t going up in smoke ✔ Yet Philip Morris International’s (PM) better-than-expected earnings on Thursday were a welcome reversal from recent misses ✔ PayPal hasn’t done quite that well, as it is up just 5.2% year to date, but a key metric, transaction processing volume, did grow 28% on a currency-neutral basis


Exclusive: U.S. asks for WTO panel over metals tariff retaliation

10/18/2018, 11:50:46 PM
The United States is requesting that a World Trade Organization dispute resoluti... ✔ The WTO is presiding over a record number of disputes, many of them triggered by Trump’s tariffs on steel and aluminum and his trade war with China ✔ Norway earlier said initial consultations with the United States had not led to an agreeable solution, and therefore the Nordic country had joined others in asking the WTO to set up the panel to obtain an independent assessment of the matter ✔ Our Standards:The Thomson Reuters Trust Principles


8@eight: Nerves return to markets

10/18/2018, 8:57:23 PM
What happened overnight and what's ahead for the ASX. ✔ It’s forced market-bulls to doubt their conviction and fed the bears greater fodder to sell ✔ Market watch: SPI futures down 60 points or 1% to 5962 at 6.30am AEDT AUD flat at 71.05 US cents On Wall St at 3.29pm: Dow -1.3% S&P 500 -1.7% Nasdaq -1.9% In New York, BHP -2.8% Rio -2.6% Atlassian -1.7% In Europe: Stoxx 50 -1% FTSE -0.4% CAC -0.6% DAX -1.1% Spot gold +0.4% $US1226.62 an ounce at 2.14pm New York time Brent crude -0.8% to $US79.45 a barrel US oil -1.5% to $US68.74 a barrel Iron ore +0.3% to $US73.58 a tonne Dalian iron ore -1% to 519 yuan LME aluminium -0.5% to $US2013 a tonne LME copper -1% to $US6157 a tonne 2-year yield: US 2.86% Australia 2.04% 5-year yield: US 3.01% Australia 2.25% 10-year yield: US 3.16% Australia 2.72% Germany 0.41% US-Australia 10-year yield gap as of 5.19am AEDT: 44 basis points This column was produced in commercial partnership between Fairfax Media and IG


China markets: China's economy is getting BATTERED - and it will SEVERELY affect US stocks

10/18/2018, 10:05:51 PM
CHINA’S stock market has taken a tumble in recent months after it was hit by US trade tariffs, but what happens to US stocks when the Chinese market gets battered? ✔ When the Chinese markets falls, it has repercussions for the US market ✔ In turn, China has hit back and imposed tariffs on up to $60 million worth of US goods ✔ Caterpillar revenues are closely tied to China, and it was down 7.9 percent on average in those periods with gains only 20 percent of the time


Wall St. slides as Saudi Arabia, Italy add to economic concerns

10/18/2018, 8:39:52 PM
U.S. stocks fell more than 1 percent on Thursday as the European Commission issu... ✔ Anything that has a semblance of the possibility of trouble, people in this environment see it as a much larger problem than it may really be ✔ U.S. stocks had opened lower as Chinese stocks fell overnight, sparking fresh worries about the impact of trade tensions on China’s economy ✔ Our Standards:The Thomson Reuters Trust Principles


Everything you need to know about House of Cards

10/18/2018, 11:23:29 PM
*Spoiler warning* The story so far as Robin Wright leads sixth and final instalment of explosive Netflix political drama ✔ The sixth and final season of House of Cards arrives on Netflix on 2 November, bringing to an end an extraordinary political drama ✔ Season 3 As president, Frank faces a tanking economy and a challenge from solicitor-general Heather Dunbar (Elizabeth Marvel) in the Democratic primaries


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