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Trade War - SERIES 289 {19 articles}

Fears of Trump's tariffs are exaggerated

10/25/2018, 5:04:12 AM
With globalization ingrained, the world economy can cope with the 'trade war' ✔ Most of the predicted disruption results from restrictions on automobile trade, still just a threat ✔ The scenarios also assume a quite limited capacity to offset the shocks with policy measures ✔ Stephen Grenville is a non-resident fellow at the Lowy Institute in Sydney ✔ He was deputy governor at the Reserve Bank of Australia


Business Live: Thursday 25 October

10/25/2018, 5:19:18 AM
All the latest news from the business world plus market updates. ✔ The sharp sell-off - which pushed the Dow and the S&P 500 into negative territory for the year - follows growing worries about corporate earnings and slowing economic growth ✔ Do stay with us for that and all the other latest news from the world of business and economics


US midterms: Trump looks to tariffs and tax cuts to win in the rust belt

10/25/2018, 4:15:40 AM
undefined ✔ Atlas Tool Works, the precision manufacturing company Zach Mottl runs with his father and sisters, was founded by his Czech great-grandfather in 1918 in Chicago ✔ Little micro-decisions are being made and people are weighing into their thought processes things like tariffs


China eavesdrops on Trump's cell phone calls: New York Times

10/25/2018, 6:17:54 AM
Chinese spies often eavesdrop on President Donald Trump when he uses his unsecure cell phone to gossip with old friends, and Beijing uses what it learns to try to sway U.S. policy, the New York Times reported on Wednesday, citing current and former U.S. officials. Trump's aides have repeatedly warned… ✔ Beijing particularly is trying to use what it learns to prevent the current trade war between the two countries from escalating further, according to the newspaper ✔ The Washington Post reported in June that a federal study found signs of sophisticated cell phone spying near the White House and other sensitive locations last year


Global air travelers expected to double to 8.2 billion by 2037: IATA report

10/25/2018, 5:18:17 AM
China to overtake US as world's biggest aviation market in mid-2020s ✔ The Asia-Pacific region will drive the biggest growth with more than half the total number of new passengers over the next 20 years coming from these markets.A man carries boxes of goods past Chinese flags at Bao'an international airport in Shenzhen ✔ China will add 1 billion new passengers for a total of 1.6 billion


Asia drives growth as global air travelers seen doubling to 8.2bn by 2037

10/25/2018, 7:00:32 AM
China to overtake US as world's biggest aviation market in mid-2020s ✔ The Asia-Pacific region will drive the biggest growth with more than half the total number of new passengers over the next 20 years coming from these markets.A man carries boxes of goods past Chinese flags at Bao'an international airport in Shenzhen ✔ China will add 1 billion new passengers for a total of 1.6 billion


Stocks plunge as global growth, U.S. earnings spook investors

10/25/2018, 6:49:00 AM
Asian shares plunged on Thursday as hundreds of billions of dollars hemorrhaged ... ✔ In addition, a Bank of America Merrill Lynch study recently found that 58 percent of the 2,767 stocks in MSCI’s global index are now in bear market territory ✔ [O/R] Spot gold XAU= was a tad firmer at $1,236.76 an ounce ✔ Our Standards:The Thomson Reuters Trust Principles


Chinese state-owned automaker FAW Group gets $144 billion credit line

10/25/2018, 5:37:40 AM
China's state-owned automaker FAW Group said it signed a deal with 16 banks... ✔ Shares in two FAW units, FAW Car Co Ltd (000800.SZ) and Tianjin FAW Xiali Automobile Co Ltd (000927.SZ), jumped by their daily limit of 10 percent after the news of the credit line ✔ The figures came as regulators move quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite ✔ Our Standards:The Thomson Reuters Trust Principles


China and Japan are expected to ink 'a lot' of deals as their leaders meet in Beijing

10/25/2018, 7:01:54 AM
Asian economic giants China and Japan are expected to sign a raft of deals this week during Japanese Prime Minister Shinzo Abe's visit to Beijing, say analysts. ✔ That has spurred China and Japan to improve bilateral ties despite historical and geopolitical disagreements ✔ If they can't agree politically, then they will just make business, said Teo, who is expecting a lot of business deals to come out of Abe's trip


Oil prices pulled down by global stock market plunge

10/25/2018, 7:29:28 AM
WTI has fallen nearly 10 percent so far this month, while Brent is down nearly 9 percent. ✔ In oil, WTI has fallen nearly 10 percent so far this month, while Brent is down nearly 9 percent ✔ Still, oil markets remain nervous ahead of U.S. sanctions against Iran's crude exports, which kick in from Nov. 4 ✔ (Reporting by Henning Gloystein; editing by Richard Pullin)


Asian markets tumble after plunge in US technology stocks

10/25/2018, 4:48:35 AM
Nikkei leads decline with 2.8% fall and Kospi enters bear market ✔ The Nikkei Stock Average suffered a loss of more than 800 points to reach a six-month low on Oct. 25 ✔ Semiconductor stocks had been rising on the back of expectations that the spread of internet of things and artificial intelligence technologies would drive up demand


Turkish interest rates: Has the central bank done enough?

10/25/2018, 4:08:48 AM
undefined ✔ By comparison with September’s dramatic interest rate rise, when Turkey’s central bank hiked its benchmark lending rate by 6.25 percentage points to stem a developing currency crisis, Thursday’s meeting is likely to be somewhat tame ✔ Mr Matys acknowledges that the lira recovery does support the view that perhaps the CBRT should refrain from hiking rates again on Thursday


China says army will act ‘at any cost’ to prevent Taiwan split

10/25/2018, 4:21:53 AM
BEIJING--China's army will take action ✔ BEIJING--China's army will take action at any cost to foil attempts to separate the self-ruled island of Taiwan, which Beijing claims as its own, the country's defense minister said on Thursday ✔ China's military ties with the United States are important and sensitive, Wei said, adding that China will never give up an inch of its territory


Bolsonaro's anti-China rants have Beijing nervous about Brazil

10/25/2018, 5:16:48 AM
The Chinese government is trying to make peace with Brazil's leading presid... ✔ Niobium is used as an additive to steel to make it stronger and lighter ✔ It is used in cars, buildings, jet engines and a host of other applications ✔ The U.S.-China trade war has given Brazil leverage for now ✔ You can’t change it that easily without severe repercussions ✔ Our Standards:The Thomson Reuters Trust Principles


The ECB should think again on ending monetary stimulus

10/25/2018, 4:57:36 AM
undefined ✔ Weak exports, which will potentially worsen if China’s slowdown turns out to be prolonged, have hit manufacturers’ order books ✔ But the lesson of the past decade is a central bank’s credibility comes from its ability rapidly to alter course in response to changing information, not sticking stubbornly to a plan


Chinese consumers trim spending as worry spreads

10/25/2018, 4:45:39 AM
undefined ✔ The index remains comfortably above the 50-line, suggesting incomes are rising ✔ Actual stock-buying intentions weakened again, as did intentions to purchase funds, wealth management products and peer-to-peer lending products ✔ This report contains the headline figures from the latest Consumer survey; the full results are available from our Database


Asia stock markets plunge after late rout erases Wall St gains

10/25/2018, 4:26:49 AM
undefined ✔ The index is down by nearly 9 per cent in October, putting it on track for its worst monthly performance since January 2016, when fears of a Chinese debt meltdown sparked huge capital outflows ✔ The Nasdaq Composite ended 4.4 per cent lower at 7,108.40 for its biggest one-day drop since August 2011


ECB to stick to exit plans despite darker outlook

10/25/2018, 7:30:27 AM
The European Central Bank seems certain to keep policy unchanged on Thursday but... ✔ Italian government bond yields hovered just below 4-1/2 years high at 0639 GMT ✔ NO SUPPORT FOR ITALY Its standoff with the EU has already cost Italy dearly through higher borrowing costs as investors ditched its bonds and depressed bank shares ✔ Our Standards:The Thomson Reuters Trust Principles


The world’s recycling system is broken. Can we fix it?

10/25/2018, 4:15:39 AM
undefined ✔ These guys are now typically bankrupt in south-east Asia because the government shut down their operations ✔ Done right, this uses less energy and resources than virgin material ✔ Leslie Hook is the FT’s environment correspondent; John Reed is the FT’s south-east Asia correspondent


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