Southeast Asia benefits from FDI surge in first half
10/27/2018, 7:08:15 AMInvestments up 18%, with US-China trade war seen accelerating trend ✔ In Vietnam, the manufacturing sector is also enjoying a surge in FDI ✔ Maybank Kim Eng Research said in a recent report that FDI in the manufacturing sector soared 18% in the first nine months of this year, driven by two projects led by South Korean companies ✔ Nikkei staff writer Masayuki Yuda in Bangkok contributed to this story
Japan's jumbo delegation racks up China deals, with eye on Trump
10/26/2018, 8:14:22 PMSino-US trade war casts shadow over economic forum in Beijing ✔ Japan's 500-plus delegation attends the China-Japan Third Party Market Cooperation Forum at the Great Hall of the People in Beijing on Oct. 26 ✔ Panasonic aims to deepen ties with the Chinese market while minimizing the impact of the trade war ✔ This helped pave the way for BMW to raise its stake in a Chinese joint venture and Exxon Mobil to build a planned wholly-owned chemical complex, among other examples
China regulator urges Beijing banks not to force liquidation of...
10/27/2018, 4:52:57 AMChina's banking and insurance regulator has urged lenders in Beijing to avo... ✔ CBIRC could not immediately be reached outside normal business hours ✔ In the past week, China has unveiled a series of measures to ease liquidity pressure at small and medium-sized enterprises struggling in a slowing economy clouded by the broadening Sino-U.S ✔ Our Standards:The Thomson Reuters Trust Principles
After a Slide in Chinese Stocks, Where to Look for Bargains
10/27/2018, 1:10:07 AMAfter stocks in China slide, valuations are low and prospects for a number of Chinese companies are promising. What investors need to know about the risks. ✔ Text size This Halloween, it’s not a Hollywood monster that’s bringing the fright to investors: It’s a whole cast of scary characters, including trade tensions, tech disappointments, rising interest rates, and wild swings in China’s markets ✔ Policy makers have been taking a more measured approach, aimed at stimulating consumer spending, rather than the old approach of a big stimulus package that pumped money into infrastructure and fueled a debt bingeand that’s a good thing
China's industrial profits growth slows for fifth month as orders wane
10/27/2018, 2:50:02 AMProfit growth at China's industrial firms slowed for the fifth consecutive ... ✔ While authorities are taking steps to ease pressure on firms with liquidity issues, many companies still face difficulty in obtaining funding ✔ Interest rates on loans have also risen due to the reduced supply of credit ✔ Our Standards:The Thomson Reuters Trust Principles
Bolsonaro's anti-China rants have Beijing nervous about Brazil
10/27/2018, 1:04:12 AMundefined ✔ The U.S.-China trade war has given Brazil leverage for now ✔ But Jorge Arbache, former secretary for international affairs at Brazil's planning ministry, said Brazil would do well not to overplay its hand ✔ You can't change it that easily without severe repercussions
Stocks are cheap and should rally 15% to 20%: Guggenheim's Scott Minerd
10/26/2018, 8:29:37 PMGuggenheim's Scott Minerd says the market is going through a "classic season adjustment" and has yet to peak. ✔ Guggenheim has $265 billion of assets under management ✔ Markets tend to continue to rise until after the Fed's last rate increase, he said in an interview with Power Lunch ✔ If it doesn't bottom in October, about 30 percent of the time in November ✔ History shows equities start to decline about six months after the central bank stops hiking, he said
For investors, risks are becoming hard to ignore
10/27/2018, 4:17:04 AMundefined ✔ And in the US and beyond, fundamentals look less robust than a few months ago ✔ In the US, rising labour, input and borrowing costs mean corporate margins may have peaked, crimping the outlook for earnings growth ✔ Industrial bellwethers such as Caterpillar, 3M and United Technologies warned this week that tariffs were adding to the cost pressures they faced
S&P 500 Drops 3.9% — Is It Time to Panic?
10/26/2018, 11:54:15 PMWhat caused the selloff? “You can circle any one of 15 different things,” says a strategist. Here’s why some investors are buying now. ✔ The S&P 500 briefly dipped into correction territory on Friday, but managed to close above the 10% threshold ✔ That 11-percentage-point gap between the two would be the largest monthly disparity since November 2008, when utilities outperformed tech by nearly 13 points ✔ You’ve never been rewarded for selling fear, he says
Hyundai Motor's old road to riches hits a dead end
10/26/2018, 8:29:50 PMSouth Korean automaker no longer buoyed by soft won and eye for design ✔ Hyundai also relied on a weak won to buttress its global success ✔ In next-generation vehicles, the company has made no visible efforts beyond partnering with Chinese tech company Baidu, which spearheads the Apollo autonomous driving platform ✔ With autos accounting for 11% of the nation's exports, the South Korean economy badly needs Hyundai to get back into form
Global Oil Pricing Worries Hit US Energy Shares As Earnings Loom
10/27/2018, 5:26:58 AMWorries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers’ shares trading lower on the year. ✔ We’ve seen oil prices sell off here throughout the correction we’ve had in the broad market ✔ Reuters Reporting by Caroline Valetkevitch; additional reporting by Gary McWilliams in Houston and April Joyner in New York; editing by Alden Bentley, David Gregorio and Diane Craft A pump jack is seen at sunrise near Bakersfield, California, Oct. 14, 2014
The Midterm Elections Won’t Save the Stock Market
10/26/2018, 8:35:22 PMWhile the election matters, other factors will prevail long after the polls close. Assuming we get a split Congress, the stock market will probably react with a yawn. ✔ President Donald Trump Text size Stocks tend to rally after midterm electionsbut investors shouldn’t count on a post-election jolt to save them ✔ The Nasdaq, led by tech stocks, is nearly in correction territory, down 9% this month ✔ But Democrats may be loath to hand Trump a victory on one of his campaign promises
US Economy 2018: Growth Slows Slightly In Third Quarter; Outlook Less Upbeat
10/27/2018, 7:47:05 AMThe U.S. economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping growth on track to hit the Trump administration’s 3 percent target this year. ✔ As a result, inventory investment added 2.07 percentage points to GDP growth, the biggest contribution since the first quarter of 2015, after slicing off 1.1 percentage points from output in the second quarter ✔ Reuters Reporting by Lucia Mutikani; Editing by Tomasz Janowski and Andrea Ricci The Federal Reserve building is pictured in Washington, DC, Aug. 22, 2018
Xi and Abe use economy as binding force but hold back on security
10/27/2018, 5:05:34 AMCollaboration to replace competition as guiding principle of relations ✔ With concerted efforts by both sides, China-Japan ties are back on track and gaining positive momentum, Xi said ✔ But while the two countries took a giant leap forward in economic cooperation, on thornier security issues they remained at the level of baby steps ✔ Xi praised highly the contribution the aid had made to China's development ✔ We aim for significant progress when Xi visits Japan next year
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