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Trade War - SERIES 293 {17 articles}

Australia boosts LNG output to feed China's growing appetite

10/25/2018, 8:07:27 PM
Beijing's energy shift and US trade war provide an opening ✔ We recognized more than three years ago that the period of oversupply would not last and set about lining up projects to progress when the market rebalanced, Coleman said in June ✔ Santos was also founded in 1954 as an oil exploration company and entered the LNG business in 2006


China may wait it out rather than deal with Trump

10/26/2018, 1:55:31 AM
Trump better start thinking about an exit strategy from a trade war that is showing no signs of easing, writes David Andelman ✔ MUST WATCH The real cost of Trump's tariffs 09:02 David A ✔ Author of A Shattered Peace: Versailles 1919 and the Price We Pay Today, he was formerly a foreign correspondent for The New York Times and CBS News in Asia and Europe ✔ And indeed, there has been a degree of impact in China, even beyond its stock markets


Google corporate parent's 3Q disappoints jittery investors

10/25/2018, 10:26:51 PM
MOUNTAIN VIEW, Calif. (AP) — Google's corporate parent boosted its earnings by 37 percent during the third quarter, but it still wasn't enough to reassure investors worried about tougher regulations that could make it harder to collect the personal information that fuels the company's advertising network. Alphabet Inc. released results for Google and its other subsidiaries Thursday amid widespread jitters about technology companies' prospects. Wall Street has been rattled by concerns about the effects of the President Donald Trump's trade war with China and potential government crackdowns aimed at curbing the industry's growing power.


Renminbi softer as PBoC sets fix weaker than Rmb6.95

10/26/2018, 2:30:54 AM
undefined ✔ The onshore rate softened by about the same degree to Rmb6.9563 once the fix was in ✔ The onshore rate, which is used for the much larger pool of the currency traded in mainland China, has weakened 6.5 per cent this year amid a rumbling trade war and concerns over the country’s slowing growth ✔ Investors are bracing themselves for the renminbi to slip to Rmb7 against the dollar, which would be its weakest since the global financial crisis in 2008


Grassley criticizes Trump’s farm bailout rules after Chinese-owned firm qualifies

10/25/2018, 10:59:40 PM
“I don’t understand why Chinese-owned Smithfield qualifies,” Sen. Charles E. Grassley said. ✔ Chuck Grassley, R-Iowa, attends a news conference about the FBI investigation of Supreme Court nominee Brett Kavanaugh, Thursday, Oct. 4, 2018, on Capitol Hill in Washington ✔ Earlier this week, USDA officials told The Washington Post that Smithfield is on the list that can apply to sell under this new program


Oil prices fall as focus switches to oversupply

10/26/2018, 2:53:46 AM
Oil prices declined on Friday, on track for a third weekly loss after Saudi Arabia's OPEC governor said on Thursday the market could face oversupply in the fourth quarter. ✔ The market in the fourth quarter could be shifting towards an oversupply situation as evidenced by rising inventories over the past few weeks, Adeeb Al-Aama told Reuters ✔ Cushing crude stocks rose to 33 million barrels on Tuesday, up almost 1.8 million barrels from the previous week, traders said, citing a report by market intelligence firm Genscape


Trump iPhone managed by government is secure, constantly checked

10/26/2018, 12:24:25 AM
The White House Thursday night criticized an “inaccurate” New York Times report alleging that President Trump’s careless use of a personal iPhone allows Russia and China to spy on his private conversations. ✔ The White House Thursday night criticized an inaccurate New York Times report alleging that President Trump’s careless use of a personal iPhone allows Russia and China to spy on his private conversations ✔ The report asserted that Mr. Trump has three iPhones two secured by the National Security Agency and with normal capabilities


Abe hopes for 'new level' of Sino-Japan relations at Xi summit

10/25/2018, 9:29:34 PM
Prime minister will invite the Chinese leader for a state visit next year ✔ When he meets Xi on Friday, Abe is also expected to discuss North Korea's denuclearization and China's trade war with the U.S. In a separate dialogue with Li, Abe will discuss setting up a new communication channel on cutting-edge technology and intellectual property, as well as reviving a bilateral currency-swap deal


'They can use Huawei': China mocks report it tapped Trump’s iPhone

10/25/2018, 8:02:31 PM
China ridiculed but did not exactly deny an article detailing how Chinese intelligence agents eavesdropped on phone conversations President Donald Trump. ✔ Apparently they have some sort of detailed information on that matter that gives ground to publish such information ✔ New York Times World Politics China Donald Trump Most Viewed in World Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation


Oil settles higher as stock markets gain, Saudi signals intervention

10/26/2018, 12:00:49 AM
Oil prices rose 1 percent on Thursday, following the U.S. stock market higher a ... ✔ Also lifting prices were comments by Saudi Arabia Energy Minister Khalid Al-Falih, who said there could be a need for intervention to reduce oil stockpiles after increases in recent months ✔ Saudi Arabia’s OPEC governor said on Thursday the oil market could face oversupply in the fourth quarter ✔ Our Standards:The Thomson Reuters Trust Principles


China mocks Trump iPhone hacking claim

10/26/2018, 1:06:43 AM
Beijing jokes off a New York Times report that Donald Trump's iPhone calls are being bugged. ✔ If they are really very worried about Apple phones being bugged, then they can change to using Huawei ✔ In 2012, because they posed a security threat to the US ✔ The panel said the firms had failed to allay fears about their links with China's government and military


Cramer breaks down why Trump's tariffs aren't working for steelmakers like Nucor

10/25/2018, 10:47:55 PM
Jim Cramer points to three reasons for Nucor's muted performance as the Trump administration's tariffs on steel imports kick in. ✔ Second, the United States is now in the throes of a genuine trade war with China, and tariffs being passed back and forth between the two countries is bad for business in the near term, he argued ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website


Worried about Trump iPhone eavesdroppers? China recommends a Huawei

10/26/2018, 12:35:05 AM
The retort came after the New York Times reported that American intelligence reports indicated that Chinese and Russian spies often listen in on President Donald Trump when he uses his Apple cellphones to chat with old friends. ✔ Zhang Peng | LightRocket | Getty Images People try using Huawei smartphones at an exhibition ✔ Speaking at a news conference on Thursday, she also offered two suggestions apparently aimed at the Trump administration ✔ If they are really very worried about Apple phones being bugged, then they can change to using Huawei, she said, referring to China's biggest telecommunications equipment maker


Mr. President, please put down your personal iPhone

10/25/2018, 10:55:24 PM
Trump used to understand the danger. That's why he attacked Hillary Clinton for using private email accounts on an unsecured private server: Our view ✔ That's why candidate Trump attacked his Democratic opponent, former Secretary of State Hillary Clinton, for using private email accounts on an unsecured private server ✔ His followers said such casual disregard for security made her ripe for a prison sentence, as in the chant lock her up, last repeated at a Wednesday night rally ✔ If you can't see this reader poll, please refresh your page


Intel avoids chip swoon — for now

10/26/2018, 12:56:08 AM
undefined ✔ Analysts were a bit disappointed Wednesday that AMD had not made further inroads against Intel in both PCs and servers with its new Ryzen and Epyc chips, based on a new architecture ✔ But the hurt in AMD’s quarter mostly came from a big drop in its graphics chip sales, as cryptocurrency miners lost interest in building new machines with fast graphics chips ✔ We Want to Hear from You Join the conversation Comment


Americans are plagued by one financial fear that has nothing do with the stock market

10/25/2018, 10:13:14 PM
Two-thirds of people in a new survey believe the economy will get scarier in the next 12 months. ✔ What’s more, just over half of people (54%) actually own stocks, which includes individual stocks, as well as employer-sponsored 401(k) plans, mutual funds or an IRA account ✔ And two-thirds of Americans don’t have access to a 401(k) plan ✔ We Want to Hear from You Join the conversation Comment


Renminbi slips after central bank pushes fix towards key 7 level

10/26/2018, 3:27:44 AM
undefined ✔ Friday 03.00 BST What you need to know Renminbi slips towards key Rmb7 level against dollar Equities sell-off resumes in Asia Wall Street rebounds after tech rally Oil lower Hot topic China’s renminbi lost ground on Friday after the country’s central bank set the band for onshore trading of the currency weaker than Rmb6.95 per dollar for the first time since early 2017 ✔ Both indices had earlier moved off one-year lows reached on Thursday


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