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Trade War - SERIES 284 {15 articles}

Trade war is slowing down China's economy

10/24/2018, 9:07:13 AM
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Caterpillar investors fearful as US-China trade war drives up costs

10/24/2018, 9:20:57 AM
Shares in heavy-duty equipment maker fall despite better-than-expected profits ✔ Caterpillar reported an adjusted profit of $2.86 a share in the third quarter, compared with $1.95 a share last year ✔ To offset the rising input cost, it will increase the prices of its machines and engines by between 1% and 4% globally from January 2019


Euro zone businesses hit the brakes as trade war stalls growth

10/24/2018, 9:54:12 AM
Euro zone business growth slowed much faster than expected this month, dragged d... ✔ Germany’s Chambers of Industry and Commerce, DIHK, last week cut its 2018 growth forecast and predicted a slowdown next year as the country faces mounting risks at home and abroad ✔ A similar gloomier picture emerged for the bloc’s dominant service industry ✔ Our Standards:The Thomson Reuters Trust Principles


Eurozone alert: Euro FALLS amid trade war fears and Italy budget crisis

10/24/2018, 11:48:04 AM
THE euro fell and the bloc's government bond yields dropped on Wednesday after data showed business growth in the single currency area lost far more momentum than expected, as trade tensions and worries over Italy overshadow the economy. A survey showed euro zone business growth decelerated faster than anticipated as the final quarter of 2018 began, dragged down by waning orders that dented confidence, a survey showed on Wednesday. ✔ ING economist Peter Vanden Houte said in a note: The flash PMI (data) for October gives a first glimpse on where the euro zone economy is heading ✔ Commerzbank analysts said in a note to clients: Besides risk sentiment, economic sentiment should be key today as both can influence the tone at tomorrow's ECB meeting


Crop stop: Beijing plans complete ban on American soybeans as trade war escalates

10/24/2018, 11:45:27 AM
The world’s biggest buyer of soybeans, China, which has been curbing purchases of the crop from US, now seeks to stop imports altogether. The move is part of the escalating trade war between the two countries. ✔ He told CNN that The implication is that China will completely halt all future imports of US soybeans ✔ The country is a long way from being able to produce the crop anywhere near enough to meet its own needs, experts add ✔ For more stories on economy & finance visit RT's business section Trends: China newsChina-US newsTrade War news


Malaysia shares slip as oil prices decline

10/24/2018, 11:27:04 AM
Rout in oil market also weigh on Singapore energy services firms ✔ In Singapore, the Straits Times Index closed relatively unchanged at 3032.08 ✔ Saudi Arabia - hopefully chastened by the Khashoggi debacle - seems to be trying to make amends by pumping oil hard ✔ The Bursa Malaysia Technology Index fell 3.1% to a three-month low


South Korea seeks to revive struggling economy

10/24/2018, 8:53:48 AM
undefined ✔ The uncertain economic outlook has also discouraged corporate investment, with the number in the second quarter down 5.7 per cent from a year earlier, exacerbated by restructuring in the shipbuilding and automobile sectors ✔ The measures reflect the desperate economic situation that needs direct state support, but they do not look enough to reverse the economic decline, said Lee Sang-jae, an economist at Eugene Investment & Securities


Trade tensions send eurozone PMI to weakest level since 2016

10/24/2018, 8:30:39 AM
undefined ✔ The purchasing managers’ index for the eurozone fell to 52.7 in October, down from 54.1 in September, and the lowest figure for 25 months ✔ The PMI reading comes ahead of a European Central Bank policy meeting on Thursday, with the bank set to confirm that it plans to call time on its quantitative easing programme at the end of this year despite mounting evidence that downside risks to the economy are materialising


China more than quadruples fixed-asset investment approvals in...

10/24/2018, 10:40:45 AM
China more than quadrupled the value of fixed-asset investment projects approved... ✔ She did not give a figure for the month of September and the commission has not disclosed data for August either ✔ Economists are forecasting more headwinds in the coming quarters as a years-long campaign to take on debt risks and the trade war with the United States bites


Worries on demand, profit outlook and trade dent global tech shares

10/24/2018, 8:45:10 AM
Global tech stocks have lost about $1 trillion or 9 percent of market value this... ✔ REUTERS/Brendan McDermid/File Photo The losses were also exacerbated by a rise in U.S. yields, which shot up to a near 7-1/2 year high this month and prompted investors to leave risky sectors and move into higher yielding bonds ✔ Chinese tech firms have underperformed the broader mainland stock market ✔ (Graphic: FAANG and BAT's market cap - tmsnrt.rs/2O2nstm) (Graphic: Technology firms' P/E ratios - tmsnrt.rs/2OLNPcr) Our Standards:The Thomson Reuters Trust Principles


US Asks For WTO Panel Over Metals Tariff Retaliation

10/24/2018, 10:31:32 AM
The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminum. ✔ The dispute marks a new dimension to the ongoing skirmish between the United States and a number of its trading partners as well as the WTO itself, where it has blocked appointments of new judges ✔ Reuters (Reporting by Trevor Hunnicutt in Washington and Nerijus Adomaitis in Oslo; Additional reporting by David Stanway in SHANGHAI; Editing by Mark Heinrich and Tomasz Janowski)


Trump’s nutty views on trade are infiltrating foreign policy

10/24/2018, 10:48:11 AM
Donald Trump’s ass-backwards views on trade are starting to influence foreign policy, international relationships and even national security. ✔ Even more disturbing is the president’s willingness to abdicate America’s historic role as a global beacon of morality and human rights, according to the Washington Post’s Phil Rucker and Josh Dawsey ✔ Trump, the businessman, thinks solely in terms of sales and profits ✔ We Want to Hear from You Join the conversation Comment


Volkswagen cuts China forecast as auto market slows

10/24/2018, 8:17:43 AM
German carmaker still upbeat about prospects despite slowdown ✔ China is Volkwagen's biggest single market and despite the recent sales slowdown, executives with the German automaker believe the country still has strong growth potential ✔ © Reuters The plant will start off manufacturing VW-brand sport utility vehicles


Under the surface, this stock market is slowly ‘rotting away’

10/24/2018, 11:52:54 AM
Our call of the day warns that this stock market is rotting at all its corners, covered up by some big players that haven’t hit the dirt yet. ✔ Check out the Market Snapshot column for the latest action ✔ He’ll speak at the widely shunned Future Investment Initiative summit in Riyadh ✔ Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid ✔ We Want to Hear from You Join the conversation Comment


In a Florida Swing District, an ‘Inconvenient’ Republican Holds On

10/24/2018, 10:00:33 AM
Representative Carlos Curbelo is a perennial target for Democrats. His political fate might be an indicator of national trends in the 2018 midterms. ✔ Mr. Curbelo’s health care vote inspired her to run, said Ms. Mucarsel-Powell, who lost a State Senate bid in 2016 ✔ She has also campaigned in personal terms on gun control: Her father was shot and killed in her native Ecuador when she was 24 ✔ I think that’s what’s generated so much cowardice in our politics


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