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Trade War - SERIES 274 {14 articles}

Oil rises on Iran sanctions, though U.S.-China trade war clouds...

10/22/2018, 6:28:36 AM
Oil prices rose on Monday as markets were expected to tighten once U.S. sanction... ✔ Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday that other producers may struggle to fully make up for the expected Iran disruption, and that oil prices could rise further ✔ (Graphic: U.S. rig count at highest since 2015: tmsnrt.rs/2PfF6i3) Our Standards:The Thomson Reuters Trust Principles


Spoils of war? India mulls filling trade gap left by US-China tariff tit-for-tat

10/22/2018, 4:18:21 AM
India aims to capitalize on the Sino-American trade war and has reportedly already made a list of some 180 products which is could export to the US to substitute for up to $10bn-worth of Chinese goods targeted by Trump’s tariffs. ✔ With Donald Trump’s ‘America First’ policy dominating business and politics, the US President recently reminded India that it behaves like a tariff king and must lower its import tariffs to maintain the privilege of trading with the US ✔ For more stories on economy & finance visit RT's business section Trends: India news Trade War news


China stocks see biggest spike since 2015

10/22/2018, 6:36:58 AM
The jump comes after Chinese officials moved swiftly to boost investor confidence as growth slows. ✔ Over the weekend, the government published a draft of new rules for personal tax deductions, according to Reuters ✔ In recent months Beijing has taken steps to support its economy, including cutting capital requirements to boost liquidity and ease the slowdown


Goldman Sachs changes Asia investment banking leadership: memo

10/22/2018, 4:41:21 AM
Goldman Sachs Group Inc has named veteran banker Todd Leland as its investment b... ✔ Asia’s share of group sales fell by 1 percentage point to 14 percent in that period, its filings showed ✔ Richdale, a fluent Mandarin speaker with experience in Southeast Asian dealmaking, joined Goldman from Morgan Stanley in March 2013 ✔ Our Standards:The Thomson Reuters Trust Principles


China's stock market surges on stimulus hopes – business live

10/22/2018, 6:56:36 AM
Rolling coverage of the latest economic and financial news, as the Shanghai stock market leaps by over 4% ✔ Chinese investors have leapt into action, driving the blue chip CSI300 index up by over 4.3% in late trading ✔ The move came as Rome prepares to see its 2019 Budget rejected by the European Union for breaching borrowing targets ✔ There’s not much in the economic calendar, but budget airline Ryanair and diamond producer Petra Diamonds are reporting results


China's tax cuts next year expected to reach 1 percent of GDP: PBOC...

10/22/2018, 4:40:36 AM
China's tax cuts next year could exceed the equivalent of 1 percent of gros... ✔ On Saturday, Beijing published a draft version of new rules for tax deductions as part of a major overhaul of the country’s individual income tax law ✔ The proposals include a deduction against tax of 1,000 yuan a month for interest payments on home mortgages, and 800 to 1,200 yuan a month for rental payments ✔ Our Standards:The Thomson Reuters Trust Principles


Brent oil rises back above $80 as Iran sanctions loom

10/22/2018, 7:02:48 AM
Brent crude oil prices rose back above $80 a barrel on Monday as markets were ex... ✔ Some relief may come from North America, where U.S. drillers added four oil rigs in the week to Oct. 19, bringing the total count to 873, Baker Hughes energy services firm said on Friday, raising the rig count to the highest level since March 2015 ✔ (Graphic: Asia gasoline refinery margin - tmsnrt.rs/2NXa1Lc) Our Standards:The Thomson Reuters Trust Principles


Oil rises on looming Iran sanctions

10/22/2018, 4:50:43 AM
OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports. ✔ Traders said oil consumers were stockpiling in anticipation of more disruptions ✔ 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 ✔ (Reporting by Henning Gloystein; Editing by Richard Pullin and Kenneth Maxwell)


China denounces Pompeo's 'malicious' Latam comments amid influence...

10/22/2018, 5:06:11 AM
Chinese state media sharply criticized U.S. Secretary of State Mike Pompeo on Mo... ✔ It’s simply the case that in parts of the world China has invested in ways that have left countries worse off, and that should never be the case, he said ✔ ‘DISAPPOINTED’ China’s state-owned Global Times said in an editorial on Monday that Pompeo’s comments were disrespectful, adding that the United States was trying to drive a wedge into growing Sino-Latin American relations ✔ Our Standards:The Thomson Reuters Trust Principles


Petrol prices hit 10-year high putting squeeze on families

10/22/2018, 6:50:06 AM
Petrol prices have risen to a decade high, as fuel costs become the largest weekly purchase for families. ✔ At the previous peak, fuel price oil was more than $US100 a barrel ✔ The relief may prove to be only temporary, but the good news is that the key Singapore gasoline price has gone into reverse over the past fortnight while the Aussie dollar has stabilised, Mr James said ✔ Mr James told Fairfax Media if the US and China can resolve their trade dispute this may also ease prices


Asia shares rally as China surges on stimulus hopes

10/22/2018, 5:38:34 AM
Asian share markets swung into the black on Monday as the promise of more stimul... ✔ Saudi Arabia remained in the spotlight as Riyadh on Sunday called the killing of journalist Jamal Khashoggi a huge and grave mistake, but sought to shield its powerful crown prince from the widening crisis ✔ Our Standards:The Thomson Reuters Trust Principles


Hong Kong shares extend rebound on Chinese state support bets

10/22/2018, 5:25:09 AM
China Unicom climbs after upbeat January-September outlook ✔ Vice Premier Liu He must say something to stabilize markets, and saying he recognizes that private-owned enterprises play an important role for economic growth is somewhat more useful to boost confidence than spending billions to rescue the A-share market


Euro, sterling try to steady as traders keep wary eye on Italy...

10/22/2018, 4:47:29 AM
The euro and the British pound managed to hold steady against the dollar on Mond... ✔ REUTERS/Clodagh Kilcoyne The dollar was also broadly unchanged against its major rivals ✔ Sterling was virtually unchanged at $1.3074, having hit an intra-day low of 1.3009 on Friday ✔ The dollar was modestly higher versus the Japanese yen after briefly trading down on Monday ✔ Our Standards:The Thomson Reuters Trust Principles


Saudi Arabia Considers Entering the LNG Wars...on Russia's Side

10/22/2018, 6:36:06 AM
Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns, it now appears that the two fledgling allies are also going to cooperate in the liquefied natural gas (LNG) sector. And this time too, it looks as if the alliance could take aim at U.S. energy ambitions. ✔ Saudi King Salman is keen to strengthen energy ties between the two nations following their oil-cuts collaboration that helped drive crude’s recovery, according to Al-Falih ✔ With the prospects of a protracted trade war between Washington and Beijing likely, numerous LNG projects in the U.S. could fall behind schedule or not even receive financing and lose out to a host of other eager competitors, including Mozambique, Canada, and bringing the situation full circle - even Russia


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