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Trade War - SERIES 301 {10 articles}

Seoul to pour $440m into propping up stock market

10/29/2018, 4:37:44 AM
undefined ✔ South Korea has set up a multimillion dollar fund to prop up local stocks, which have slumped in recent weeks amid concerns about regional geopolitical tensions and the outlook for the global economy ✔ Analysts said that while the overall amounts were small, the authorities’ aim was to bolster confidence in the market


Fanuc slashes outlook, cites trade friction and weak tech demand

10/29/2018, 7:43:23 AM
Japanese robot maker Fanuc Corp on Monday slashed its outlook for the full year,... ✔ A logo of Fanuc Corp is seen at the 28th Japan International Machine Tool Fair in Tokyo, Japan, November 17, 2016 ✔ But investors worry about slowing demand in China amid an escalating trade war with the United States ✔ ($1 = 111.9600 yen) Our Standards:The Thomson Reuters Trust Principles


Why Indonesia is on the brink -- again

10/28/2018, 10:08:03 PM
As its financial markets plummet, Indonesia has an excess of deja vu ✔ After a few splashy reforms to open sectors like aviation and insurance, India's Narendra Modi blotted his copybook with demonetization -- a rash bid to fight corruption by eliminating high-values bank notes, which disrupted the economy.The comparisons with Philippine President Rodrigo Duterte are even more compelling as Jokowi heads into next year's re-election battle


VOX POPULI: Revisiting dream of Japan-China economic cooperation

10/29/2018, 4:16:07 AM
Japanese business leaders probably felt a touch of pride in the past when they said Japan should hel ✔ In October 1978, then Chinese Vice Premier Deng Xiaoping visited factories of Matsushita Electric Industrial Co. and other companies and asked for support for China’s efforts toward modernization ✔ No Japanese prime minister had made an official visit to China in nearly seven years until Prime Minister Shinzo Abe’s recent trip to Beijing ✔ I wonder if the day will arrive when Japanese and Chinese companies help each other to become stronger


HSBC Q3 profit beats forecasts

10/29/2018, 5:15:13 AM
undefined ✔ HSBC’s profit climbed in the third quarter of 2018, coming in above expectations as costs narrowed, with chief executive John Flint sounding a positive note on bringing the bank back to growth ✔ Operating expenses for the first nine months of the year were up 2 per cent compared to the same period in 2017


Local govt debt of $6tn adds questions about China's financial woes

10/29/2018, 3:45:54 AM
As growth and spending slows, borrowings to exert downward pressure on economy ✔ But investors believe otherwise, as officials have long hinted at the existence of tacit support of LGFVs ✔ This is still within the targeted range but less than market expectations ✔ Nikkei Asian Review chief business news correspondent Kenji Kawase contributed to this story


Oil prices fall as investors wary of trade slowdown

10/29/2018, 8:00:08 AM
Oil prices dipped on Monday amid cautious sentiment as a plunge in financial mar... ✔ There were also signs of a slowdown in global trade, with rates for dry-bulk and container ships - which carry most raw materials and manufactured goods - coming under pressure ✔ On the supply side, however, oil markets remain tense ahead of looming U.S. sanctions against Iran’s crude exports, which are set to start next week and are expected to tighten supply, especially to Asia which takes most of Iran’s shipments ✔ Our Standards:The Thomson Reuters Trust Principles


China says new animal feed standards will cut chunk out of appetite...

10/29/2018, 5:17:28 AM
New standards on the protein content of animal feed in China will cut its annual... ✔ The agriculture ministry said China depended on imports for nearly 80 percent of its protein raw materials, and that this had caused a bottleneck to development of the country’s feed and livestock sectors ✔ ($1 = 6.9532 Chinese yuan renminbi) Our Standards:The Thomson Reuters Trust Principles


8@eight: ASX set for negative start to the week

10/28/2018, 8:38:10 PM
What happened overnight and what's ahead for the ASX. ✔ Sponsored Business Markets 8@eight 8@eight: ASX set for negative start to the week This is sponsored content for IG By Kyle Rodda29 October 2018 7:31am Normal text sizeLarger text sizeVery large text size Global markets finished off a horror week with more losses during Friday's session, setting up the ASX to open in negative territory this morning ✔ Market correction, not economic recession: A common fear in times in which the market is experiencing (an apparent) correction is to assume that it reflects the state of the underlying economy


Japanese PM Shinzo Abe met Xi Jinping in Beijing, and in an era of US tariffs and trade wars, you can bet everything Abe remembers the last time the US passed over Japan for China

10/28/2018, 9:35:11 PM
Japanese PM Shinzo Abe was In Beijing last week for big business and a state visit. You can bet he remembers when the US chose China over Japan. ✔ Not even close, according to Macquarie University's Dr. Kevin Carrico ✔ Abe's visit is definitely a sign of a thaw in Sino-Japanese relations, but people should not expect anything too significant ✔ But I think the Trump factor definitely has the Chinese being a bit nicer than they would be normally


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