Talking trade: Is there any hope for a US-China reconciliation?
10/25/2018, 10:11:38 AMPEOPLE & PROFIT : How long will the trade war between China and the United States last? Stephen Carroll talks to Arancha Gonzales, the executive director o... ✔ Also in this programme: we discuss Italy's budget battle and why government debt is key to the current standoff with the European Union ✔ Plus, an exceptionally long summer in France is having some surprising effects on local businesses - for better and for worse
A 'perfect' stock market's imperfections are exposed
10/25/2018, 8:44:23 AMThe US stock market has been imploding, wiping out all this year's gains. There are reasons for why that is happening. ✔ Business Markets Wall Street A 'perfect' stock market's imperfections are exposed By Stephen Bartholomeusz25 October 2018 7:40pm Normal text sizeLarger text sizeVery large text size The broad explanation for the implosion that has occurred in the US stockmarket this month and that has spilled elsewhere is that a market that was priced for perfection has suddenly woken up to its imperfections ✔ The trade war has erupted at an awkward moment for China, just as it is trying to deflate an over-leveraged financial system
Europe attempts comeback after world stocks routed again
10/25/2018, 9:19:52 AMEurope attempted a rebound on Thursday after Wall Street’s worst day since 2011 ... ✔ REUTERS/Staff It wasn't a sunny picture by any means ✔ Pan Asia-Pacific shares .MIAPJ0000PUS skidded more than 2 percent while Japan's Nikkei .N225 tumbled as much as 4 percent to a six-month low ✔ The one relief was that Chinese shares managed to close in the black having dropped as much as 2.5 percent at one point .SSEC, as fresh government support measures failed to ease worries about high leverage and the tariff war with the U.S. If you’re a company and you’re in charge of a capex budget there is so much uncertainty about the next few years in terms of a trade war, in terms of Brexit, said Jim McCafferty, head of Equity Research, Asia ex-Japan at Nomura ✔ Our Standards:The Thomson Reuters Trust Principles
$3 Trillion in Chinese Stock Losses and Two Other Numbers You Need To Know
10/25/2018, 8:07:55 AMNumbers By Barron’s is available as a podcast on iTunes, Stitcher, and wherever you get your podcasts—as well as on your Amazon Alexa smart speaker ✔ It’s no wonder authorities in China have amped up efforts to support financial markets as well as the economy ✔ state run news agency that includes possible income-tax cuts ✔ And those two companiesnot Boeingare considered canaries in the trade war coal mine, says DataTrek Research
Agribusinesses to standardise trade operations with new technologies
10/25/2018, 11:55:14 AMundefined ✔ The announcement comes as more than five years of low crop prices due to bumper crops and low margins have weighed on the agricultural sector ✔ Commodities trading and finance is a centuries-old sector still reliant on the exchange of physical documents ✔ They are calling on other agricultural commodities traders to join their efforts
China banks' net FX sales hit 15-month high as outflows rise in...
10/25/2018, 11:26:16 AMNet foreign exchanges sales by China's commercial banks rose to their highe... ✔ China will further ease requirements on outbound remittance for investors under its under Qualified Foreign Institutional Investor (QFII) and the Renminbi Qualified Foreign Institutional Investor(RQFII) programs, the regulator said ✔ ($1 = 6.9457 Chinese yuan renminbi) Our Standards:The Thomson Reuters Trust Principles
US market meltdown wipes out 2018 gains as Trump trade wars take toll on stocks
10/25/2018, 11:12:49 AMAmerican equities faced another major selloff on Wednesday. It was one of the worst trading sessions for US stocks in years, erasing all gains seen in 2018. Analysts name President Donald Trump’s trade wars as one of the reasons. ✔ What is happening on Wall Street is hardly surprising ✔ The analyst also noted corporate earnings disappointment in the US, a growing conflict over budget spending between Italy and the European Union, and growing crisis around oil power Saudi Arabia over the killing of journalist Jamal Khashoggi ✔ For more stories on economy & finance visit RT's business section Trends: Trade War newsUS news
Global Markets Follow Wall Street’s Slide as Economic Worries Mount
10/25/2018, 10:28:57 AMMarkets in Japan, Hong Kong and South Korea fell on Thursday following a drop in U.S. shares. European markets opened lower, but then moderated. ✔ A broad index of shares in the Asia-Pacific region tracked by MSCI, an investment information company, on Thursday was down one-fifth from a late-January high ✔ Flash memory chips are used in smartphones and a number of mobile devices, and demand for those components is considered a rough proxy for the health of the technology hardware sector
Trump's phone calls are being bugged by Russia and China, US intelligence claims
10/25/2018, 9:04:27 AMPresident Donald Trump's iPhone calls to old friends and business associates are being monitored by Chinese and Russian spies for information on policy and how the President thinks, American intelligence officials believe. ✔ China has taken a particular interest in Mr Trump's friendships with property magnate Steve Wynn, who owns a resort in Macau, and Stephen Schwarzman, the head of Blackstone Group, The New York Times said ✔ During his Presidential campaign run, Mr Trump regularly attacked his Democrat rival Hillary Clinton for her use of an unsecured personal email while she was Secretary of State – often to chants of lock her up from supporters
China Mocks Report It Tapped Trump’s iPhone (and Plugs Its Own Competitor)
10/25/2018, 11:34:51 AMChina ridiculed but did not explicitly deny reports by intelligence officials that the Chinese tapped President Trump’s phone calls with old friends. ✔ She went on to warn that the most secure way to avoid telephone intercepts was not to use any modern communication devices ✔ The newspaper probably has some detailed information on this subject that can be a justification for publishing such information, he said, according to Ria Novosti ✔ Hua Chunying fired three shots, the newspaper said in Chinese
Asian markets experience sharp sell-off after plunge in US tech stocks
10/25/2018, 8:24:43 AMNikkei leads decline with 3.7%, followed by Taiex and Kospi ✔ The Nikkei Stock Average suffered a loss of more than 800 points to reach a six-month low on Oct. 25 ✔ The trade war and slowing global growth could cut short such a scenario, brokers say ✔ Earlier in the weak, investors cheered market support measures announced by Beijing, such as personal income tax cuts
Oil prices steady after stock markets plunge
10/25/2018, 9:32:06 AMOil prices steadied on Thursday, recovering from an early sell-off after Asian a... ✔ LONDON (Reuters) - Oil prices steadied on Thursday, recovering from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011 ✔ Many investors are concerned about rising oil inventories as supply exceeds demand in some key markets, including the United States
Worried about iPhone eavesdroppers? China says Trump may need a Huawei
10/25/2018, 8:50:40 AMChina's foreign ministry has some suggestions for the Trump administration ... ✔ Huawei Technologies Co Ltd [HWT.UL] has come under scrutiny in the United States where intelligence agency leaders and others have said they are concerned that Huawei and other Chinese companies may be beholden to the Chinese government or ruling Communist Party, raising the risk of espionage
US ‘very likely’ to go to war with China within 15yrs, says ex US Army leader
10/25/2018, 11:25:19 AMA FORMER US military commander has warned it is very likely the United States will be at war with China within 15 years. Retired lieutenant general Ben Hodges said America’s European allies w… ✔ He said he was certain the Trump administration viewed Europe’s security as a key US interest even though the president had sometimes questioned the Western military alliance’s usefulness ✔ We pay for your stories! Do you have a story for The Sun Online news team ✔ Email us at tips@the-sun.co.uk or call 0207 782 4368
One trillion yuan: China state carmaker FAW gains huge credit line
10/25/2018, 9:01:42 AMChina's state-owned automaker FAW Group said it signed a deal with 16 banks... ✔ The person, who was not authorized to speak publicly on the matter, declined to be identified ✔ Its listed subsidiary FAW Car Co Ltd (000800.SZ) saw sales stall in the first half of the year and profits tumble some 70 percent ✔ Our Standards:The Thomson Reuters Trust Principles
China says military will act 'at any cost' to prevent Taiwan split
10/25/2018, 9:19:53 AMChina's military will take action "at any cost" to foil any attem... ✔ Tsai says she wants to maintain the status quo with China but will not be bullied ✔ Beijing, which has never renounced the use of force to bring Taiwan under its control, has also viewed U.S. overtures toward the island with alarm, such as a new de facto embassy there and passage of a law to encourage visits by U.S. officials ✔ Our Standards:The Thomson Reuters Trust Principles
Singapore shares decline tracking Wall Street slump
10/25/2018, 10:50:39 AMMalaysia off lows as Public Bank reverses loss after 3Q earnings ✔ KUALA LUMPUR (Nikkei Markets) -- Singapore shares declined Thursday as sharp overnight selloff on Wall Street spooked investors in Asia already worried about geopolitical tensions and global trade prospect ✔ Investor sentiment may be vulnerable in the short run but a correction could also mean a chance to start afresh
ECB reiterates plans to halt bond purchases at end of December
10/25/2018, 11:55:16 AMundefined ✔ Senior EU officials still view the risks to the economic outlook as balanced, but are starting to acknowledge that the outlook is no longer as rosy as thought at the beginning of the year ✔ The benchmark main refinancing rate is set to remain at its record low of zero and deposit rates at minus 0.4 per cent until the autumn of next year
Treasury yields stabilize after stock rout ahead of ECB
10/25/2018, 11:11:12 AMU.S. Treasury prices hold their ground on Thursday after a powerful stock-market decline on Wednesday erased the S&P 500 and Dow’s gains for 2018. ✔ The equity downturn has stoked some buying in bonds due to its traditional haven status even as investors expect a steady rise in rates to hurt bond values over time ✔ Early Thursday, Treasury investors will focus on a coming policy statement from Europe which could influence trading in the U.S. Signs of tepid growth and subdued inflation in the eurozone are expected to lead to a somewhat dovish tone from European Central Bank President Mario Draghi, though he will likely reaffirm a plan to wind down quantitative easing in December and reiterate no rate increases until next summer ✔ We Want to Hear from You Join the conversation Comment
Stock futures pointing to cautious rebound following market rout
10/25/2018, 9:04:25 AMDow members Merck and Intel are scheduled to report. ✔ Ticker Security Last Change %Chg I:DJI DOW JONES AVERAGES 24583.42 -608.01 -2.41% SP500 S&P 500 2656.1 -84.59 -3.09% I:COMP NASDAQ COMPOSITE INDEX 7108.4011 -329.14 -4.43% Investors digested earnings reports from the likes of Boeing, AT&T and UPS
Why a volatile October for markets does not have to be bad news
10/25/2018, 8:03:20 AMundefined ✔ This week’s volatility only amplifies an already unsettling month for global equity markets ✔ Less central bank support has been accompanied by declining demand from foreign investors, especially from those eager to hedge currency exposure when investing in US government bonds
Inflation Risks are Growing. Don’t Expect a Timid Response From the Fed.
10/25/2018, 11:06:45 AMA tight U.S. labor market and trade friction could push the inflation rate up to 3.5% next year. The Federal Reserve’s response might shock the markets. ✔ While this new strain of global pressures on U.S. inflation reflects the impact of aggressive trade policies on GVCs, the domestic pressures stem from a more familiar source: an extremely tight labor market ✔ He is the author of Unbalanced: The Codependency of America and China
Power Up: Bomb throwing becomes reality in attacks against Trump critics
10/25/2018, 9:53:07 AMExperts warn of dangerous rhetoric. ✔ At the White House BOILING POINT: The toxicity of our political climate came to a terrifying head on Wednesday after a slew of suspicious packages containing explosive devices was mailed to prominent Democrats and one news organization ✔ Outside the Beltway FRIENDS, AMERICANS, COUNTRYMEN : We talked to political rhetoric experts about the troubling, hyperpartisan climate, and many said it is ripe for the attempted violence we've seen this week
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