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Trade War - SERIES 305 {14 articles}

Vietnam emerges as key beneficiary of trade war

10/29/2018, 8:34:18 PM
US and Chinese companies weigh Southeast Asian nation as new supply base ✔ Panasonic, for example, is moving production of car electronics from China to Thailand, Malaysia and Mexico ✔ The Asian Development Bank recently trimmed its 2019 growth forecast for emerging Asia to 5.8% from 5.9% due to the trade conflicts while noting that the impact does not hurt all countries evenly as trade is redirected within global supply chains to economies producing similar goods, benefiting in particular Southeast Asia


'Technically it's a disaster': Wall Street flirts with correction on trade war fears

10/29/2018, 8:34:41 PM
Wall Street dives after a report the Trump administration was set to ramp up the trade war pressure on China. ✔ On Monday, the ASX added 66 points, or 1.1 per cent ✔ Technically it's a disaster, said Robert Parks, managing director in equity derivatives at RJ O'Brien and Associates LLC ✔ With rates rising, trade talks, the longest bull market in history -- the market is coming back to Earth


US snubs China as it refuses to attend huge trade summit as trade war rages

10/29/2018, 9:13:55 PM
THE United States has refused to send any government officials to Shanghai’s international import fair next month despite politicians and business chiefs from 150 countries having signed up. ✔ There will be the leaders of 18 countries at next week’s import expo in Shanghai, including the prime ministers from Russia and Pakistan and representatives from 2,800 companies ✔ China’s President Xi Jinping will host a banquet on November 4 ahead of the opening ceremony for the attending foreign state leaders and senior government officials ✔ In response, Beijing announced tariffs on $50 billion worth of US goods


Dow Jones: US stocks PLUNGE as Dow suffers biggest U-turn in MONTHS amid midterm fears

10/29/2018, 11:09:29 PM
US STOCKS plummeted today amid investor fears of an escalation in the trade war between the United States and China and uncertainty caused by the upcoming midterm elections. ✔ The Dow experienced its biggest U-turn since February after plummeting in afternoon trading (Image: GETTY IMAGES) FANG growth stocks posted losses for the second session in a row (Image: EPA) Chief investment strategist at Janney Montgomery Scott in Philadelphia, Mark Luschini, said: Obviously this trade skirmish is metastasising potentially into something worse than it already is


World War 3: China's President Xi Jinjing orders military to 'prepare for WAR'

10/29/2018, 11:09:25 PM
CHINA’S President Xi Jinping has demanded the military of Southern Theater Command to “prepare for war” as he tours the country to increase confidence amid a trade war with the US. ✔ Beijing has claimed the South China Sea belongs to China but this is disputed by other countries in the area, including Vietnam, Malaysia, the Philippines and Taiwan ✔ The United States does not have the capacity to do everything it has to do in Europe and in the Pacific to deal with the Chinese threat


Fanuc slashes outlook, citing trade friction and weak tech demand

10/29/2018, 9:55:17 PM
Japanese robot maker Fanuc Corp on Monday slashed its outlook for the full year, citing slower technology spending and trade friction. Fanuc said it now expects a full year operating profit of 150.9 billion yen, down from a previous forecast of 159.4 billion yen. Demand for factory automation equipment grew… ✔ Fanuc said it now expects a full year operating profit of 150.9 billion yen, down from a previous forecast of 159.4 billion yen ✔ Demand for factory automation equipment grew sharply in China in 2017, helping Fanuc and other Japanese machinery suppliers post strong earnings ✔ But investors worry about slowing demand in China amid an escalating trade war with the United States


Global stocks slide as investors fret over new tariffs

10/29/2018, 8:29:56 PM
Early gains on Wall Street fizzled and sent global stocks lower on Monday after ... ✔ Europe’s autos sector .SXAP jumped 4.9 percent, its strongest day since August 2015, after a report that China was considering halving the tax on car purchases to boost demand for autos, which has suffered from a trade war and slowing economic growth


Fast Asia Open: Japan unemployment, Australia building approvals

10/29/2018, 11:25:45 PM
undefined ✔ Also spurring market declines on Monday afternoon was a report from Bloomberg that the US was preparing a new round of tariffs on some $257bn of Chinese imports that have not yet been hit with levies if talks between US President Donald Trump and Chinese counterpart Xi Jinping collapse ✔ 07.30: Japan unemployment rate 08.30: Australia building approvals


China’s yuan sinks to 10-year low against dollar

10/29/2018, 11:07:56 PM
BEIJING--China's yuan sank to a 10-year low against the dollar on Monday, coming close to breaking t ✔ A Treasury report on Oct. 17 said China failed to meet criteria to be labeled a currency manipulator, a status that can trigger sanctions ✔ That would raise borrowing costs at a time when its leaders are trying to shore up cooling growth ✔ That allows trading to continue but raises the cost ✔ The currency temporarily steadied but fell the following year


Markets Live: Futures point to weak opening

10/29/2018, 10:50:00 PM
German chancellor Angela Merkel is stepping down after 13 years in power and the UK economy is growing more than expected. ✔ I did see protesters outside the venue this morning with a huge inflatable globe saying NOT FOR SALE, so Mr Jacques might be mad when he delivers the speech ✔ ANZ economists are expecting to see a 3.5 per cent month on month rise, compared to consensus of 3.8 per cent


Stock market wild ride: S&P 500 closes lower but late rebound helps it avoid correction

10/29/2018, 8:41:12 PM
Wild day in stock market results in 900-point Dow swing, but late-day rebound helps S&P 500 avoid official correction, or 10 percent drop from high. ✔ With the S&P 500 now in danger of suffering its second corrective phase this year, following a 10.2 percent drop that ended in early February, Wall Street is now debating whether the nine-year-old bull market is in danger of falling more and vulnerable to its first bear market, or 20-percent-plus since the market rout that ended in March 2009


Dow Falls 245 Points Because the Midterm Elections Aren’t Here Yet

10/29/2018, 9:20:47 PM
All three major U.S. stock indexes ended in the red after upward momentum fizzled early on. Some expect jittery markets to remain at least until the public votes Nov. 6. ✔ Stocks’ early momentum fizzled fairly quickly, and markets turned sharply negative as trading wound down on Monday ✔ successful companies that don’t actually produce anything physical, means that supply can respond to strong demand without corresponding inflation pressure


Fed still behind the curve on inflation - Opinion

10/29/2018, 11:51:36 PM
undefined ✔ The unemployment rate fell to 3.7 percent in September, its lowest level since December 1969 ✔ Stephen S. Roach, a faculty member at Yale University and former Chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China


Why Brazil's president-elect Jair Bolsonaro really is the 'Trump of the Tropics'

10/29/2018, 8:03:43 PM
He has vowed to drain the swamp, slash regulations and get tough with China. ✔ And similar to Trump, Bolsonaro is rethinking his country's membership in multinational organizations and treaties that he thinks might not be in Brazil's best interest, including the Mercosur trade bloc, the BRICS group of large emerging economies and the Paris climate accord


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