US-EU trade war: Washington’s SHOCK warning to Europe ‘We are deeply DISAPPOINTED’
10/29/2018, 3:14:20 PMTHE United States has issued a warning to the European Union, urging member states to reflect on whether it is really in the bloc’s interests to escalate the trade war over US metals tariffs. ✔ During the meeting another US official added the US had held constructive discussions on the tariffs with Canada and Mexico ✔ Mr Shea said: The United States wishes to be clear: if the WTO were to undertake to review an invocation of the national security exemption, this would undermine the legitimacy of the WTO's dispute settlement system and even the viability of the WTO as a whole
China regulator to propose 50% cut to car purchase tax -- Bloomberg
10/29/2018, 2:40:27 PMMove comes as domestic auto sales fall by most in almost 7 years ✔ Shares of American and European automakers including General Motors, BMW, Volkswagen and Daimler extended gains following the report ✔ Reuters reported earlier this month that the China Automobile Dealers Association (CADA) has submitted documents to the country's finance and commerce ministries proposing the 10 percent auto purchase tax be halved ✔ CADA has made proposals in previous years that have helped shape auto policy
China tells speculators not to hope for relaxed curbs on property...
10/29/2018, 12:18:02 PMChina warned property speculators against holding false hopes for a price rally,... ✔ Some banks in China, including Minsheng Bank’s branches in Beijing and Shenzhen, and PingAn Bank, HSBC, and China CITIC Bank’s branches in Hangzhou, have recently moved to lower mortgage interest rates by 5 to 10 basis points for first time property buyers, according to Li Weiyi, a mortgage analyst with Rong360.com, a mobile financing platform which tracks bank lending data
Ford, GM Gain on Hopes for a Boost From China
10/29/2018, 3:07:56 PMAuto stocks are rising Monday in response to a report that China may halve its tax on sales of motor vehicles. ✔ Back in April, when the trade war was heating up, China said it would lower tariffs on autos and other goods ✔ However, we’ve seen the situation escalate since then, and Chinese consumers have been pulling back in a number of areas ✔ In addition, he believes that the company’s’ dividend looks manageable, which has been a concern for investors
Tech recovery helps global stocks rebound after choppy week
10/29/2018, 3:47:18 PMA recovery in technology stocks following IBM Corp's $34 billion deal to bu... ✔ REUTERS/Brendan McDermid In the United States, automakers Ford Motors Co (F.N) and General Motors Co (GM.N) both gained more than 4 percent ✔ Despite gains on Monday, investors remained wary of betting on a turnaround in risk ✔ Our Standards:The Thomson Reuters Trust Principles
Car stocks and Italy rating relief drive Europe's recovery
10/29/2018, 1:38:47 PMEuropean shares climbed and Wall Street was set for a stronger open on Monday th... ✔ Global financial markets have been hit by negative factors from an intensifying China-U.S ✔ Finance minister Philip Hammond is likely to urge his divided Conservative Party to get behind the government’s push for a Brexit deal, or put at risk a long-awaited easing of austerity ✔ U.S. crude CLc1 fell 43 cents to $67.17 per barrel and Brent crude LCOc1 slid 44 cents to $77.18 ✔ Our Standards:The Thomson Reuters Trust Principles
Analysis | The Finance 202: Trump tax cuts fail to spark investment boom
10/29/2018, 12:17:49 PMSo say the latest numbers. ✔ THE TICKER A worker pushes a rolling rack through the factory floor at the Laitram LLC facility in Harahan, Louisiana ✔ Officials from both sides are pessimistic about chances for a breakthrough when [Trump] and Xi Jinping meet on the sidelines of the Group of 20 summit in Buenos Aires on Nov. 30-Dec
‘Tropical Trump’ Bolsonaro threatens to upend Brazil’s foreign policy
10/29/2018, 1:15:21 PMJair Bolsonaro, the winner of Sunday’s Brazilian presidential election run-off, endorses an array of foreign policy positions akin to those of US President Donald Trump, on issues from the Israel-Palestine conflict to trade with China. ✔ Bolsonaro could try to get out of BRICS with a Trumpian attitude, Oliver Stuenkel, professor of international relations at the Getulio Vargas Foundation in São Paulo, told Reuters ✔ Brazil has a chance to recover its Western soul, embrace Trump's brand of nationalism and pursue its national interests instead of being tied to blocs of nations, he wrote
Why globalism is good for you
10/29/2018, 3:08:06 PMundefined ✔ It should not need stating, but it is absurd to suggest that globalists have caused the violence in Syria or Honduras from which migrants are fleeing ✔ He thinks it highly likely that today’s de-globalisation will also culminate in war ✔ But at least their instinct is to see foreigners as customers, rather than enemies
Russia and China Are Apparently Both Under the Impression That War With the US Is Coming…
10/29/2018, 3:37:41 PMCould it be possible that the U.S. is heading for a major war? If you ask most Americans that question, they will look at you like you are crazy. For most people in this country, war with either Russia or China is not something to even be remotely concerned about. But the Russians and the Chinese both see things very differently. As you will see below, Russia and China both seem to be under the impression that war with the United States is coming, and they are both rapidly preparing for such a conflict. ✔ Under normal circumstances, Putin would never talk like that ✔ Some major stuff must be going on behind the scenes in order to go from 5 percent to 46 percent in a single year ✔ We truly are living in apocalyptic times, and our world seems to be getting more unstable with each passing day
California Inc.: Investors looking to see if Facebook can maintain its mojo - Los Angeles Times
10/29/2018, 12:57:38 PMFacebook is scheduled to report its third-quarter earnings Tuesday. Investors will be keeping a close watch on revenue growth. ✔ Saudi summit: JPMorgan Chase’s Jamie Dimon was among the high-profile U.S. business leaders who dropped out of a major Saudi business conference amid outrage over the killing of government critic Jamal Khashoggi at the kingdom’s consulate in Istanbul
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