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Trade War - SERIES 276 {14 articles}

Fiat and Kimberly-Clark Gain as China Gives the Dow a Lift

10/22/2018, 12:33:14 PM
China’s markets soared after its leaders announced new steps to help boost its economy, and counteract the impact of the trade war. U.S. markets gained as well. ✔ This quarter, the industrials beat profit estimates by 2% and the stocks are going down 2%, on average ✔ Now the company has sent a letter to customers, filed with the Securities and Exchange Commission, disputing the hack again and citing technical implausibility and testing protocols


CEO of Buffett-owned Brooks Running considers moving out of China with 45% tariffs looming

10/22/2018, 1:45:50 PM
If Brooks moved operations it would likely need to be permanent, Brooks' Jim Weber says. "We don't do musical chairs in our supply change." ✔ A number of industrial companies in recent weeks, including paint and coating maker PPG and supply distributor Fastenal, have expressed concern about the U.S.-China trade war damaging their businesses ✔ Six years later, Berkshire made Brooks a separate business unit


China's stock market had a great Monday

10/22/2018, 1:50:12 PM
China's benchmark Shanghai Composite index surged more than 4% on Monday after senior government officials talked up the prospects for the country's struggling economy and financial markets. ✔ On Saturday, Xi promised unwavering support for China's private sector ✔ Fears about the trade war have weighed on Chinese stocks this year ✔ On Saturday, the government announced new plans to reduce personal income taxes ✔ The analysts predicted more substantial tax reforms in the coming months


Alibaba's stock surges as part of broad rally in China-based companies

10/22/2018, 12:22:33 PM
undefined ✔ Over the weekend, Xi emphasized support for the private sector, according to reports, and new details on proposed tax cuts were released, helping send the Shanghai Composite SHCOMP, +4.09% up 4.1% ✔ Among other U.S.-listed shares of China-based companies, Nio Inc ✔ IQ, -3.64% rallied 2.8% and JD.com JD, -1.37% advanced 3.3%


Coronado prices at bottom end of range

10/22/2018, 2:18:45 PM
undefined ✔ The Brisbane-based miner sold 193m Chess Depository Interests instruments that allow foreign companies to trade in Sydney at A$4.00 ✔ It will retain a 78.9 per cent stake in the business, against the 70 per cent envisioned when the IPO plans were announced in September


US stock futures buoyed by China equity rally

10/22/2018, 1:07:07 PM
undefined ✔ Wall Street has endured several bouts of sharp sell-offs this month amid concerns over rising rates, fears of a global economic slowdown and rising geopolitical tensions between Saudi Arabia and western powers over the disappearance of journalist Jamal Khashoggi


As tariffs continue, panic beginning to sink in among Wisconsin manufacturers

10/22/2018, 1:54:06 PM
Small and midsize companies feeling the pain of Trump's trade wars. ✔ The trade war between the United States and China has made for a nerve-wracking summer of uncertainty in Wisconsin for manufacturing companies vital to the state’s economy ✔ I know that if I were to lay someone off, it would be a big blow to their life, White said


‘Malicious’ Mike Pompeo slammed by China after he warns Latin America to be wary of Asian powerhouse

10/22/2018, 1:46:21 PM
Chinese newspapers have slammed US Secretary of State Mike Pompeo after he told the media that “when China comes calling it’s not always to the good of your citizens” and warning of the hidden risks of Chinese investment. ✔ It was during last week’s Latin America tour that Pompeo lashed out at China, telling reporters in Mexico City that when they [China] show up with deals that seem to be too good to be true it’s often the case that they, in fact, are ✔ The editorial also accused the US of trying to drive a wedge between Latin America and China ✔ Sparring between the two economic giants is the latest scrap in the ongoing US-Chinese trade war ✔ Trends: China-US newsMike PompeoTrade War newsUS news


Treasury yields edge lower as global stock markets rebound

10/22/2018, 12:11:31 PM
Treasury yields were slightly lower on early Monday trading as investors watch stock markets rebound across the world ✔ Coupled with the Federal Reserve’s gradual but steady rate hike trajectory, short-end Treasurys have struggled to take down the bump in debt supply ✔ Sunny Oh Sunny Oh is a MarketWatch fixed-income reporter based in New York ✔ We Want to Hear from You Join the conversation Comment


Oil slips below $80 after Saudi pledges rapid output rise

10/22/2018, 2:06:42 PM
Oil slipped below $80 a barrel on Monday as Saudi Arabia pledged to raise its cr... ✔ REUTERS/Nick Oxford/File Photo Saudi Energy Minister Khalid al-Falih told Russia’s TASS news agency that his country had no intention of unleashing a 1973-style oil embargo on Western consumers, but rather was focused on raising output to compensate for supply losses elsewhere, such as Iran ✔ Brent crude futures LCOc1 were down 39 cents at $79.39 a barrel by 1333 GMT, while U.S. crude futures CLc1 fell 45 cents to $68.67 ✔ (Graphic: U.S. oil rig count - tmsnrt.rs/2OGtHZe) Our Standards:The Thomson Reuters Trust Principles


Japan’s prime minister, a Trump buddy, now tries to cozy up to China’s president

10/22/2018, 2:40:59 PM
Xi and Abe will hold their first bilateral meeting in more than seven years this week. ✔ By Anna Fifield and Anna Fifield Beijing bureau chief ✔ China is already Japan’s largest trading partner and more than 30,000 Japanese companies operate here, pumping more than $3.3 billion in direct investment into the country each year and the market is only becoming more attractive


European financial system 'NOT in a good shape' even 10 YEARS after global CRASH

10/22/2018, 2:49:42 PM
THE European financial system is still “not in a really good shape yet” a decade after the global financial crash, according to the CEO of Austrian banking group Erste. Andreas Treichl told CNBC that European banks are still recovering after the Wall Street collapse in 2008 and the eurozone debt crisis of 2011. ✔ The Lehman Brothers investment bank collapsed in September 2008, resulting in the global financial crisis as Wall Street was plunged into meltdown ✔ In their latest Global Financial Stability Report, the IMF said: A further escalation of trade tensions, as well as rising geopolitical risks and policy uncertainty in major economies, could lead to a sudden deterioration in risk sentiment, triggering a broad-based correction in global capital markets and a sharp tightening of global financial conditions


China to offer more support for private firms seeking market funds

10/22/2018, 2:55:52 PM
China will roll out more policies to support private companies, including measur... ✔ The private sector accounts for 60 percent of China’s GDP and 80 percent of urban jobs ✔ The State Council disclosed the plans after a meeting led by Premier Li Keqiang ✔ ($1 = 6.9416 Chinese yuan renminbi) Our Standards:The Thomson Reuters Trust Principles


PIERS: Abuse makes Trump stronger and Dems are heading for disaster

10/22/2018, 1:49:27 PM
President Trump is winning. There is simply no other way to fairly interpret the fact that he’s just hit a new high in his approval rating. He’s officially more popular than Barack Obama was . ✔ This endless hysterical cacophony has made Trump ever more popular with his base and the GOP More significantly, as this poll suggests, it’s also begun to move moderates with no particularly animated view of Trump more to a place of tolerating him ✔ So once again, I can only advise the Democrats to stop their ridiculously self-defeating state of perpetual Trump outrage and work out how they’re actually going to beat him


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