Abe-Xi summit comes as Chinese leader looks to create united front amid U.S. trade war
10/22/2018, 7:11:59 PMAt the upcoming summit in Beijing, President Shinzo Abe and Chinese leader Xi Jinping may form a united front in the wake of U.S. President Donald Trump’s protectionist moves. ✔ On the positive side, Japan’s participation in the Belt and Road project would allow Abe to live up to expectations from the nation’s business community, which has long pushed him to cooperate with what it believes will be a lucrative opportunity for domestic firms to expand overseas
Chinese official tells American investors at a meeting: We don't fear a trade war with the US
10/22/2018, 5:32:00 PM"China never wants a trade war with anybody, not to mention the U.S., who has been a long term strategic partner, but we also do not fear such a war," a leading member of a key Chinese committee tells American business leaders. ✔ The group is a sister organization of the American Chamber of Commerce in China, a nonprofit organization representing U.S. companies and individuals looking to invest into the region ✔ Disclosure: CNBC and Universal Pictures are part of NBCUniversal, a subsidiary of Comcast
Dow Edges Down as Earnings, China’s Gains Can’t Quite Fuel a U.S. Rally
10/22/2018, 5:02:25 PMStocks were mixed in midday trading Monday, as investors digested earnings results and the latest moves by the Chinese government to bolster the economy. ✔ We’ve seen some of that already, as more defensive areas of the market have been getting more attention recently than earlier in the year ✔ Praxair (PX) gained 3.1% to $164.77 after it confirmed the Federal Trade Commission approved its merger with Linde (LNAGF)
A Troubling Trend Could Wreak Havoc on the Stock Market
10/22/2018, 4:21:36 PMCorporate earnings over the past two weeks gave investors an injection of much-needed good cheer.Yet these positive numbers may mask some troubling signs, analysts say. ✔ We’re seeing investors ‘sell the news’ regardless of whether it’s good or bad ✔ Stocks have been under pressure in October with all major benchmarks lower for the month as fears about the impact of higher interest rates on the economy and a protracted U.S.-China trade war spooked investors
Ford sees higher metal costs, hopes China and U.S. can settle trade...
10/22/2018, 5:32:14 PMFord Motor Co has seen higher steel and aluminum costs driven by trade tariffs b... ✔ In addition, the United States and China are locked in a spiraling trade war in which they have lobbed increasingly severe rounds of tariffs on each other’s imports ✔ The U.S. auto industry has warned against imposing more tariffs on Chinese products, saying that doing so would harm vehicle sales and cost jobs ✔ Our Standards:The Thomson Reuters Trust Principles
Trump threatens to build up US nuclear arsenal until Russia, China 'come to their senses'
10/22/2018, 7:56:13 PMUS President Donald Trump threatned Russia and China that Washington intends to build up its nuclear arsenal until “people come to their senses.” ✔ If Trump goes ahead and withdraws from the INF, that would leave the Strategic Arms Reduction Treaty (New START) as the last obstacle to uncontrolled nuclear proliferation ✔ The treaty will expire in 2021, and Washington has not yet decided on renewing it, Trump’s national security adviser John Bolton said during his visit to Moscow ✔ Subscribe to RT newsletter to get stories the mainstream media won’t tell you
US blocks Japan's Lixil from selling building unit to China
10/22/2018, 7:44:24 PMItalian subsidiary supplied glass panels to One World Trade Center ✔ Lixil expects net profit to take a 23.5 billion yen ($208 million) hit in the year ending March 2019 from its inability to unload the loss-making Italian unit or reap tax savings from the sale as expected ✔ The U.S. looks to be blocking more deals now, said Masaki Noda, a partner at the Nishimura & Asahi law firm in Tokyo
Whirlpool earnings: Higher costs may be headwind, but some analysts are upbeat
10/22/2018, 4:28:32 PMWhen giant appliance-maker Whirlpool reports third-quarter earnings, many analysts expect input costs to be the biggest question. Despite lots of headwinds, there seems to be broad agreement that there’s a lot of upside for the stock. ✔ The giant appliance maker started 2018 celebrating new tariffs on imported washing machines, a move aimed at reining in its South Korean competitors, LG Electronics and Samsung Electronics Co. But in a classic case of be careful what you wish for, Whirlpool WHR, -0.08% found out that the same government that can declare foreign washing machines a threat to domestic companies can make the same determination about raw materials, like steel ✔ Some of that back-and-forth was reflected in a recent note from Raymond James analysts ✔ The team slashed its price target to $140 from $160, but reiterated its outperform rating ✔ We Want to Hear from You Join the conversation Comment
Ford earnings: Investors still want to hear more about car maker’s turnaround plans
10/22/2018, 5:52:05 PMFord Motor Co. is heading for earnings with continued criticism of its restructuring plans and questions about what it is not telling the markets. ✔ Other issues: Ford is dealing with an in-between year, with most of its vehicle redesigns, including a revamped Ford Explorer, slated to come to market next year ✔ Claudia Assis Claudia Assis is a San Francisco-based reporter for MarketWatch ✔ We Want to Hear from You Join the conversation Comment
The end of INF: Another nuclear treaty bites the dust
10/22/2018, 5:06:59 PMThe 1987 treaty was not perfect, but President Trump is unlikely to secure a better deal that can make the world safer. ✔ These missile defences may have made Americans feel safer, but they simultaneously made Russians feel vulnerable ✔ ABOUT THE AUTHOR Alexander Gillespie Alexander Gillespie is a professor of international law at the University of Waikato, New Zealand
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