China's economy cools as trade war with U.S. heats up
10/19/2018, 11:49:32 AMAs tariffs start to bite, Chinese economic growth slips to slowest rate since the 2008 financial crisis ✔ Wall Street forecasters expect China's economic growth to continue slowing, noting trade uncertainties and a weakening housing sector ✔ President Donald Trump and Chinese President Xi Jinping are reportedly set to meet at next month's G20 20 summit in Buenos Aires, Argentina
Apple chip partner says its 'carefully' monitoring the US-China trade war
10/19/2018, 11:32:54 AMDialog Semiconductor CEO Jalal Bagherli noted many companies in the electronics space have supply chain exposure to China — but he added there were no current signs pointing to an impact on the firm's business operations. ✔ Apple has been a great partner for us for the last 12 years, we've had growing business, Bagherli told CNBC ✔ Apple, currently the world's most valuable public company, vociferously denied the report, alongside Amazon and Super Micro, a Taiwanese-American firm reportedly linked to the spy chips
China economy SLOWS to WEAKEST since GLOBAL CRASH on US-China trade war fears
10/19/2018, 11:22:36 AMCHINA’S economy has felt the brunt from an escalating trade war with the US as latest figures show growth is at its slowest for almost a decade. The Asian stock market has been rattled on consumer fears of a slowdown in economic growth, with stocks plunging to an almost four-year low this week. ✔ The Asian stock market has been rattled on consumer fears of a slowdown in economic growth (Image: GETTY) China cannot be growing at 6.6-6.7 percent every quarter Kelvin Tay, regional chief investment officer at UBS Global Wealth Management He told CNBC: China cannot be growing at 6.6-6.7 percent every quarter because of the fact that they’re starting to de-leverage and also for the fact that you’ve got a trade dispute going on with the Americans
China's Weakest Economic Growth Since the Financial Crisis Shows Trump's Trade War Is Setting In
10/19/2018, 9:55:46 AMChina's economy is still growing, just a little slower than predicted. ✔ The national government has also cracked down on some of the riskier private-sector loans, while seeking to keep bank loans flowing by lowering reserve requirements ✔ Those predictions were from before the country’s trade war with the U.S. intensified this summer
Wall Street futures point to a slight rebound after the Dow sheds 300 points
10/19/2018, 8:33:53 AMU.S. stock futures pointed to a slightly higher open Friday as investors shrugged off worries surrounding rising interest rates and the threat of a U.S.-China trade war. ✔ Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange, (NYSE) in New York ✔ This follows a sell-off on Wall Street in the previous trading session, adding to already steep losses for the month of October ✔ The Dow and S&P 500 have fallen more than 4 percent each in October, while the Nasdaq is down nearly 7 percent
Industrial Earnings Haven’t Been Able to Lift the Market. Can Consumer Stocks Save the Day?
10/19/2018, 10:02:53 AMCompanies like Sunoco and Sealed Air have been highlighting rising costs and falling demand as a result of the trade war. Will earnings from service companies change the market’s mood? ✔ But there’s a second, perhaps greater issue: Those higher costs are causing demand to suffer ✔ That will change next week, however, when companies like Alphabet (GOOGL), Wynn Resorts (WYNN), McDonald’s (MCD), and Visa (V) report, and the reports will continue into November as Tiffany (TIF), Starbucks (SBUX), and Marriott International (MAR) release their results
China's economic growth slows to lowest rate since financial crisis
10/19/2018, 11:55:57 AMChina's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a campaign to tackle debt risks and the trade war with the United States began to bite. ✔ Looking ahead, the economic outlook is not optimistic with exports facing further headwinds as US tariffs kick in and demand from emerging countries ebbs ✔ In the end, China will do what it takes to safeguard their economy and show the US: 'Hey, we don't need you.' (REUTERS)
China moves to lift confidence as economic growth hits weakest pace...
10/19/2018, 8:26:11 AMChina's economic growth cooled to its weakest quarterly pace since the glob... ✔ Slideshow (3 Images) But now some say growth could slow even more dramatically next year ✔ In the end, China will do what it takes to safeguard their economy and show the U.S.: ‘Hey, we don’t need you.’ Our Standards:The Thomson Reuters Trust Principles
China's regulators rush to rally market confidence, boosting shares
10/19/2018, 9:41:32 AMChina's regulators lined up to rally market confidence on Friday with new r... ✔ Liu also announced measures to aid private-run businesses, saying the regulator would support the issuance of high-yield bonds and other debt instruments by small and medium-sized companies ✔ People are not that concerned about the GDP figure, it is only a little weaker than expected ✔ Our Standards:The Thomson Reuters Trust Principles
China shares bounce despite weak 3Q GDP as regulators pledge support
10/19/2018, 8:06:45 AMAsia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on asia.nikkei.com ✔ Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), also said the regulator will support the issuance of high-yield bonds and other debt products by small and medium-sized companies ✔ Chinese 10-year Treasury futures for December delivery , the most traded contract, fell 0.15 percent to 95.320
Japan Caved to Trump on Trade Talks. Now the Real Haggling Begins.
10/19/2018, 10:20:36 AMTokyo could offer minor concessions to give Washington a face-saving deal, but already the U.S. is signaling a tough stance on autos and agriculture. ✔ I think avoiding that outcome was a worthy goal in itself ✔ I think that was a significant and necessary concession to Japan, said Wendy Cutler, a former United States trade negotiator who is now managing director of the Washington office of the Asia Society Policy Institute ✔ And the U.S. benefits from the capital investment and the jobs ✔ A Wave of Child Sexual Abuse Accusations Against a Doctor, and Hospital Says It Knew
Singapore, Malaysia shares dip on slowing China worries
10/19/2018, 10:28:15 AMFragile global sentiment threatens to crater US earnings optimism ✔ Still, disappointing growth numbers out of China hurt regional sentiment, as investors weighed the economic impact of an ongoing Sino-American trade war ✔ Zahid was also alleged to have received multiple payments in his capacity as Home Minister to help a consulting company get a MyEG project, prosecutors said
China consumer group raps Apple after ID thefts
10/19/2018, 10:13:35 AMA Chinese consumer body has criticised iPhone maker Apple Inc over a recent data... ✔ Chinese mobile payment platform Alipay said last week that hackers had taken an unknown amount of money from user accounts using stolen Apple IDs and the issue remained unresolved despite reaching out to the U.S. firm ✔ Our Standards:The Thomson Reuters Trust Principles
Stock futures may rebound ahead of earnings reports
10/19/2018, 8:09:24 AMEarnings expected today include Procter & Gamble and Honeywell. ✔ Market under pressure from growing geopolitical issues Capital Wave forecast editor Shah Gilani, Kingsview Asset Management CIO Scott Martin and Bullseye Brief founder Adam Johnson discuss the current state of the stock market ✔ FOX Business Network, a sponsor of the conference, also said it will not attend
Oil up but set for weekly loss on stock build, trade row
10/19/2018, 8:05:22 AMOil prices rose on Friday on signs of surging demand in China, the world's ... ✔ The data raised concerns that China’s trade war with United States was beginning to hit growth, which may limit oil demand ✔ Also denting confidence was evidence this week that U.S. oil inventories had risen sharply ✔ Our Standards:The Thomson Reuters Trust Principles
Top Chinese officials have staged an extraordinary intervention to stem the stock market bleeding
10/19/2018, 9:22:27 AMThe head of China’s central bank, along with a number of chief financial regulators, each made pledges of support in an unusually coordinated display of positive rhetoric. ✔ China's benchmark Shanghai Composite index has fallen by more than 30% this year, as the economy navigates domestic headwinds and the increasing threat of a US-led trade war ✔ Earlier today, China's Q3 GDP data just missed forecasts, falling to the lowest rate of growth since 2009
10 things you need to know before the opening bell
10/19/2018, 11:02:58 AMThis is what traders are talking about. ✔ People collect pumpkins on a field in the outskirts of Frankfurt, Germany AP/Michael Probst Here is what you need to know ✔ The spread between the German 10-year and Italian 10-year now stands at almost 3.4 percentage points, its highest level in almost five years
Oil up but set for weekly loss
10/19/2018, 8:31:18 AMThe oil market was heading for a second week of losses on concern that trade wars were curbing economic activity. ✔ The data raised concerns that China's trade war with United States was beginning to hit growth, which may limit oil demand ✔ Also denting confidence was evidence this week that U.S. oil inventories had risen sharply ✔ (Reporting by Christopher Johnson in London and Roslan Khasawneh in Singapore; editing by Jason Neely)
Friday Morning Briefing
10/19/2018, 9:41:35 AMPresident Donald Trump said on Thursday he presumes missing Saudi journalist Jam... ✔ President Donald Trump said on Thursday he presumes missing Saudi journalist Jamal Khashoggi is dead and that the U.S. response to Saudi Arabia will likely be very severe but that he still wanted to get to the bottom of what exactly happened ✔ here European Union negotiator Michel Barnier said on Friday a Brexit deal with the United Kingdom was 90 percent done, although there was still a chance no accord would be reached due to ongoing stumbling blocks over the Irish border
Euro stuck near two-month low as EU challenges Italy budget
10/19/2018, 11:30:57 AMThe euro fell towards a two-month low on Friday after the European Union critici... ✔ LONDON (Reuters) - The euro fell towards a two-month low on Friday after the European Union criticised Italy’s spending plans, raising fresh concern about a conflict within the common currency zone ✔ Euro zone money markets are now not fully pricing in an interest rate rise from the ECB until October 2019 ✔ Earlier this week, they were projecting an increase next September ✔ Our Standards:The Thomson Reuters Trust Principles
China unveils steps to help boost stocks, sparking rally
10/19/2018, 11:02:23 AMOfficials voice support following market tumble of more than 20% since start of year ✔ The government will further open up the financial market in an all-around way by encouraging foreign capital management institutions to establish legal entities for asset management businesses including stocks and other equity assets, the report said
China's economic growth hits nine-year low
10/19/2018, 8:04:01 AMChina's economic growth slows down to 6.5 percent in the third quarter, as trade frictions with the US take their toll. ✔ Adding to concerns was data showing fixed-asset investment growth remains bogged down ✔ Spending appears to be bottoming out thanks to the recent step up in local government borrowing, said Julian Evans-Pritchard of Capital Economics ✔ Counting the Cost What's the endgame in the US-China trade war
How to Invest in Gold — Whether You’re Playing the Upside or the Downside
10/19/2018, 11:03:17 AMGold prices have rallied recently, but the metal’s behavior in recent years makes it a tricky wager for options investors. ✔ The ETF tracks companies in the gold mining industry like Newmont Mining (NEM) and Goldcorp (GG) ✔ Adding to uncertainty in markets overall, jarring stock volatility spikes have become more common over the past 10 years than they were in prior decades, he observes
Fentanyl smuggled from China is killing thousands of Americans - Los Angeles Times
10/19/2018, 10:13:46 AMFentanyl produced in China is being smuggled into the United States at such alarming levels that it is now the leading cause of opioid overdoses, killing nearly 29,000 Americans last year. A recent U.S. indictment of a Shanghai gang has exposed how the deadly network works. ✔ The Zheng drug trafficking organization was hardly clandestine ✔ It is still used to help hospice-level cancer patients ✔ Send me prices as well as information on where I can send the money, Steele wrote ✔ Tell me how many quantity you wanna buy, the member wrote ✔ Steele wired the Zhengs $3,500 for half a kilogram of the narcotic
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