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Trade War - SERIES 272 {10 articles}

Trade war saps confidence of Japan's business leaders

10/21/2018, 7:32:05 PM
Fewer expect continued global growth as tariffs and Brexit loom large ✔ This has been a blow to Japan's machinery makers, whose orders from China shrank on the year for a sixth straight month in August ✔ In terms of what they hoped for from Japanese Prime Minister Shinzo Abe, who won a third term leading the ruling party last month, 45.8% said they wanted bold regulatory reform and 30.6% said lower corporate taxes


Asia air cargo market gets e-commerce boost as trade war yet to bite

10/21/2018, 9:56:41 PM
Strong e-commerce demand is fuelling Asia's air freight market, with the U.S.-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives say. E-commerce is growing at pace in populous Asia, driven by Chinese behemoth Alibaba Group Holding Ltd and rival JD.com Inc,… ✔ But the flow of goods has been threatened this year by the United States imposing import tariffs on billions of dollars worth of Chinese goods to redress what it regards as unfair trade relations - with China's government responding in kind ✔ Boeing on Monday forecast air cargo traffic would double over the next 20 years, growing at an average rate of 4.2 percent a year ✔ Seafood from the U.S. to China is subject to retaliatory tariffs, so demand in China is down


US and China find common ground in professional hockey, with help from a Chinese billionaire 

10/21/2018, 2:45:29 PM
The collaboration between the NHL and China is part of an effort to capitalize on millions of potential new fans, and immerse Chinese in the sport. ✔ Packaging also sponsors the Los Angeles Kings and Washington Capitals, according to statements from those teams' websites ✔ While we currently don't anticipate [the trade war] hampering our continuing efforts to grow hockey in China, we also recognize there may be certain matters that are beyond our control.-Bill Daly, NHL Deputy Commissioner Jeff Vinnick | National Hockey League | Getty Images BEIJING, CHINA - SEPTEMBER 23: Madam Zhao and Zhou Yunjie present Jake Muzzin #6 of the Los Angeles Kings with the MVP trophy after the pre-season game against the Vancouver Canucks at Cadillac Arena September 23, 2017 in Beijing, China ✔ In fact, we expect that it will happen sooner rather than later


Mnuchin dismisses risk of contagion from China's economic slowdown

10/21/2018, 3:39:49 PM
U.S. Treasury Secretary Steven Mnuchin dismissed concerns that China's weak... ✔ The Chinese economy’s year-on-year growth was 6.5 percent in the third quarter, compared with an expected 6.6 percent and the 6.7 percent achieved in the second quarter, the National Bureau of Statistics said on Friday ✔ Our Standards:The Thomson Reuters Trust Principles


This troubling trend may wreak havoc on the stock market, analysts warn

10/21/2018, 7:27:11 PM
Corporate earnings over the past two weeks gave investors an injection of much-needed good cheer, with most of the roughly 20% of S&P 500 companies to report thus far bearing expectations. Yet these positive numbers may mask some troubling signs, analysts say. ✔ The average stock that has beaten EPS estimates has opened higher on the day by 80 basis points, but it has then traded lower by 34 basis points from the open to the close of trading, the analysts said ✔ We Want to Hear from You Join the conversation Comment


Markets Live: Futures point to flat day

10/21/2018, 10:50:56 PM
While Australia's government is volatile, the market is set for a flat day with US indices ending the week where they started and futures pointing to a soft open. ✔ There is a growing sense now that the many and considerable challenges facing market participants are here to stay; the matter hence becomes what level of willingness do market participants possess to stomach these and push equity markets higher ✔ Your editor today is Lucy Battersby (lbattersby@fairfaxmedia.com.au), with help from other Fairfax journos and wires


Trump's stance on caravan could increase illegal immigration

10/21/2018, 8:26:40 PM
A Honduran caravan heads north to the United States, but the Trump administration's approach to immigration will only exacerbate the issue, writes Samantha Vinograd. ✔ MUST WATCH Trump to reporter: Don't be a baby 01:30 Samantha Vinograd is a CNN National Security Analyst ✔ Moon signed an intra-Korean railroad deal -- which would have real financial benefits for North Korea -- despite potentially violating US sanctions


Exceptions become the new rule for budget repair

10/21/2018, 9:11:43 PM
When a Prime Minister gets up and says well they are rules until they aren’t: That’s a problem. It fuels distrust in our institutions and shakes the faith of voters. ✔ Opinion Business The economy Federal budget Exceptions become the new rule for budget repair By Eryk Bagshaw22 October 2018 12:01am Normal text sizeLarger text sizeVery large text size Who needs rules, eh ✔ And he’s given independent schools a $4.5 billion boost to stop the Catholic sector from pamphletting their way around the country telling voters to pick Labor in the the next federal election


8@eight: Gloomy mood sets up ASX to open lower

10/21/2018, 8:58:11 PM
What happened overnight and what's ahead for the ASX. ✔ The Australian economy is ticking along relatively nicely it must be said, but our economic fortunes will stay wedded to China's almost undoubtedly, with the effectiveness of Chinese policymakers attempts to stimulate their economy the key variable ✔ Market watch: SPI futures down 12 points or 0.2% to 5911 at 8.45am AEDT Saturday AUD +0.3% to 71.19 US cents On Wall St: Dow +0.3% S&P 500 flat Nasdaq -0.5% In New York, BHP +0.4% Rio -0.7% Atlassian -14.3% In Europe: Stoxx 50 flat FTSE +0.3% CAC -0.6% DAX -0.3% Spot gold +0.1% to $US1226.49 an ounce in New York Brent crude +1% to $US80.10 a barrel US oil +0.7% to $US69.12 a barrel Iron ore -0.4% to $US73.28 a tonne Dalian iron ore +1.4% to 523 yuan LME aluminium +0.5% to $US2023 a tonne LME copper +1% to $US6220 a tonne 2-year yield: US 2.90% Australia 2.02% 5-year yield: US 3.05% Australia 2.22% 10-year yield: US 3.19% Australia 2.68% Germany 0.46% US-Australia 10-year yield gap: 51 basis points This column was produced in commercial partnership between Fairfax Media and IG


Saudi Arabia conference, Ireland elections, ECB meeting

10/21/2018, 4:38:43 PM
undefined ✔ Sweden’s Riksbank is forecast to keep interest rates on hold, but an initial rate rise is expected in December or February ✔ The argument for a rise this year is growing now that CPI is just above target, but the dovish sentiment of many on the council means that this is no foregone conclusion ✔ Sunday Brazil run-off Jair Bolsonaro: Brazil’s flawed agent of change


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