Oil edges up on looming Iran sanctions, but U.S.-China trade war...
10/22/2018, 3:15:24 AMOil prices edged up on Monday, as markets were expected to tighten once U.S. san... ✔ In China, higher seasonal demand and suspected stockpiling are occurring, while similarly the U.S. and the OECD continue building stockpiles ahead of potential supply disruptions this winter, said Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore
Global growth outlook for 2019 dims for first time: Reuters polls
10/22/2018, 12:30:14 AMThe outlook for global growth in 2019 has dimmed for the first time, according t... ✔ U.S. President Donald Trump’s administration threatened duties on $267 billion of Chinese goods on top of tariffs already levied on $250 billion previously - amounting to almost all imports ✔ A majority of economists covering the U.S. economy who were asked an additional question said U.S. economic policy toward China over the next few years would become more confrontational ✔ Our Standards:The Thomson Reuters Trust Principles
China banking watchdog says financial risks 'fully controllable': CSJ
10/22/2018, 12:59:16 AMChina's systemic financial risks are "fully controllable", the of... ✔ REUTERS/Thomas Peter The comments, which ran on the front page of the newspaper, echoed similar points made by the regulator on Friday ✔ Data released on Friday showed the world’s second largest economy growing at its weakest pace since the global financial crisis, underscoring challenges for Beijing amid an escalating trade war with the United States and sluggish domestic demand ✔ Our Standards:The Thomson Reuters Trust Principles
Oil holds steady as rising US rig count offsets Iran sanctions worries
10/22/2018, 2:42:01 AMOil prices firmed on Monday on the back of supply worries ahead of the start of U.S. sanctions on Iranian crude exports. ✔ While the supply-demand equilibrium remains fragile .. ✔ The full impact of the U.S.-China trade war will hit markets in 2019 and could act as a considerable drag on oil demand next year, raising the possibility of the market returning to surplus, said Emirates NBD bank in a note
Why North Korean newspaper highlights US-China trade feud?
10/22/2018, 3:21:45 AMundefined ✔ The Rodong Sinmun then cited views of some experts who are critical of the U.S. Experts have raised concern about the escalation of the American-Chinese conflict and shared the view that America's capabilities to suppress China are limited and the trade dispute will certainly cause losses to itself, the newspaper said
Euro, sterling shaky as markets eye Italy budget, Brexit developments
10/22/2018, 2:10:01 AMThe euro and British pound slipped against the greenback on Monday with ✔ UK Brexit minister Dominic Raab said on Sunday that Britain is open-minded about extending the post-Brexit transition period if it means the European Union drops its proposals for the so-called Irish backstop ✔ The central bank has raised rates four times since July 2017 and has said it wants to contain inflation pressures
Oil holds steady as rising U.S. rig count offsets Iran sanctions...
10/22/2018, 12:59:47 AMOil prices were stable on Monday, supported by supply concerns ahead of the star... ✔ REUTERS/Nick Oxford/File Photo Front-month Brent crude oil futures LCOc1 were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week ✔ While the supply-demand equilibrium remains fragile .. ✔ Brent remains in good short-term supply despite growing uncertainty about supply disruptions, he said ✔ Our Standards:The Thomson Reuters Trust Principles
Gold inches higher as Asian stocks slip
10/22/2018, 1:28:25 AMGold prices inched up early on Monday, with shares in Asia seeing losses amid rising political tensions and concerns over slowing global economic growth. ✔ Prime Minister Theresa May will tell parliament on Monday that 95 percent of Britain's divorce deal has now been settled but will repeat her opposition to the European Union's proposal for the land border with Northern Ireland ✔ Gold speculators cut their net short position in COMEX gold contracts by 65,637 contracts to 37,372 contracts, the smallest since late July, in the week to Oct. 16, data showed
China slams Pompeo's 'malicious' Latam comments amid influence battle
10/22/2018, 2:58:23 AMChinese state media sharply criticized U.S. Secretary of State Mike Pompeo on Mo... ✔ Pompeo said the United States welcomed competition from China, but criticized a lack of transparency at its state-owned enterprises and what he called predatory economic activity ✔ In comments made in Panama he said that countries should have their eyes wide open when it came to Chinese investment ✔ Our Standards:The Thomson Reuters Trust Principles
Asia shares slip amid anxiety on earnings, politics
10/22/2018, 12:40:58 AMAsian share markets fell anew on Monday as investors braced for the peak of the ... ✔ ITALIAN COUNTDOWN In Europe, Italy has until Monday to explain to the Commission its breach of rules and faces the rejection of its budget, which may eventually lead to sanctions ✔ Sterling idled at $1.3065 as the market waited for more developments on Brexit ✔ Our Standards:The Thomson Reuters Trust Principles
Asia shares pare losses as China rallies on stimulus hope
10/22/2018, 2:33:10 AMAsian share markets pared early losses on Monday as Chinese stocks swung higher ... ✔ On Saturday, U.S. President Donald Trump joined European leaders in pushing Saudi Arabia for more answers after Riyadh acknowledged that the journalist died at the consulate following weeks of denial ✔ [USD/] Sterling idled at $1.3063 as the market waited for more developments on Brexit ✔ Our Standards:The Thomson Reuters Trust Principles
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