Asian shares bounce in choppy trade, trade war worries remain
10/30/2018, 8:20:26 AMAsian shares clawed back earlier losses on Tuesday as China made a fresh attempt... ✔ The CBOE Global Markets volatility index, known as Wall Street’s fear gauge, jumped to as much as 27.86 points, its highest since Oct. 11 and the second highest since the volatility shock of early February ✔ Our Standards:The Thomson Reuters Trust Principles
Trade war worries boost dollar towards recent highs; euro struggles
10/30/2018, 9:14:04 AMThe dollar rose towards 2 1/2-month highs on Tuesday, supported by worries about... ✔ The euro has also been weighed down by a standoff between Brussels and Rome over Italy’s budget, which would breach the European Union’s fiscal rules ✔ The Japanese yen extended its losses against the dollar after losing ground overnight, partly as Japanese investors have been net buyers of offshore equities in the current month ✔ Our Standards:The Thomson Reuters Trust Principles
Stocks stumble as trade war nerves send yuan to 10-year low
10/30/2018, 10:41:33 AMEuropean shares slipped back into the red and China's yuan hit a 10-year lo... ✔ Japan's Nikkei average .N225 also erased early losses and rose 1.5 percent as traders went shopping for bargains among beaten-down stocks ✔ [.T] MSCI’s broadest index of Asia-Pacific shares .MIAPJ0000PUS has lost 12 percent this month and is on track for its biggest October decline since 2008, during the global financial crisis ✔ Our Standards:The Thomson Reuters Trust Principles
Fears of global trade war stoked by report US plans more tariffs on Chinese goods
10/30/2018, 10:25:54 AMUS markets fell on Monday over concerns Trump will impose more tariffs if talks with Chinese President Xi Jinping fail to ease tensions ✔ Fears of a full-blown trade war between the two nations led the World Trade Organisation to warn earlier this month that the tensions pose a threat to the global economy ✔ Our hope is that cooler heads will prevail and they will start having substantive discussions that will address the Americans’ concerns and start lifting the tariffs, Ms Ennis said
US TRADE WAR: Trump warns China he has BILLIONS of dollars in new tariffs READY
10/30/2018, 9:30:11 AMDONALD Trump has predicted a “great” trade deal with China but warned he will impose billions of dollars worth of new tariffs if an agreement is not reached. ✔ Donald Trump said he was hopeful of striking a 'great' trade deal with Beijing (Image: AFP/GETTY) Mr Lu said if the US was not willing to promote win-win cooperation then China is fully confident in being able to continue with its reforms and develop itself
Chinese yuan falls to lowest level since global financial crisis as trade war with US heats up
10/30/2018, 11:54:35 AMThe People's Bank of China has reportedly let the renminbi slip to a 10-year low against the dollar on Tuesday. A cheaper yuan helps Chinese products mitigate the losses from US import tariffs. ✔ Bloomberg earlier reported that the United States will likely announce tariffs on all remaining Chinese imports by early December if talks between President Trump and Xi Jinping fail ✔ For more stories on economy & finance visit RT's business section Trends: Trade War news
'He's like a little kid that found this water gun' — Billionaire investor Stanley Druckenmiller takes Donald Trump to task over the trade war, and breaks down the long-lasting damage it could do
10/30/2018, 10:23:51 AMBillionaire investor Stanley Druckenmiller explains how Trump's trade war with China is a poor diplomatic choice, and discusses the negative long-term effects it could have. ✔ He says that if the current political environment continues like this, it could have a very detrimental long-term effect on the US ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
Thailand bets on neighbors' rising incomes to lift exports
10/30/2018, 9:03:44 AMBangkok pushes border trade as US-China spat cuts into shipments abroad ✔ A truck approaches a border crossing between Thailand and Laos: Thailand plans new crossings and other infrastructure to deepen trade links with its neighbors ✔ The Southeast Asian country has set up a Joint Border Trade Committee, or JBTC, with Myanmar to reduce paperwork and smooth logistics at border crossings, according to Adul Chotinisakorn, director-general of the Ministry of Commerce's Foreign Trade Department ✔ A barge sails on the Mekong River near the borders of Laos, Myanmar and Thailand
US Treasury yields move higher as investors await economic data, auctions
10/30/2018, 9:49:52 AMU.S. government debt prices were lower Tuesday morning, as investors monitored Treasury auctions and a fresh batch of economic data. ✔ It comes after a Bloomberg report on Monday suggested the U.S. could be preparing to announce tariffs on all remaining Chinese imports by early December if talks between presidents Donald Trump and Xi Jinping breakdown next month ✔ The White House has raised the possibility of such a move previously, but this is the first time a timeline has been reported
Trump Plans to Tax All Remaining Chinese Imports if Talks With China's Xi Jinping Fail
10/30/2018, 9:37:50 AMThe list would apply to imports from China that aren’t covered by previous tariffs, though final decisions have not been made. ✔ What economists say Levies on such a wide range of goods would deal a tangible blow to China’s growth, said Tom Orlik and Chang Shu ✔ We’re in a trade dispute I want to use that word because it’s a nice, soft word but we’re going to win, Trump said on Saturday at an event in Indiana
Dow futures point to triple-digit gains as earnings take center stage; US-China trade worries linger
10/30/2018, 9:09:22 AMU.S. stock index futures pointed to triple-digit gains on Tuesday, as investors awaited a flurry of earnings results from major companies. ✔ U.S. stocks closed lower on Monday, giving up sharp gains in a turbulent session that saw the Dow travel than 900 points ✔ On the data front, consumer confidence for October is scheduled to be published at around 10:00 a.m. ET ✔ Amgen, Baidu, eBay and Facebook are all set to publish their results after the closing bell
Investors hedge their faith in China's faltering yuan
10/30/2018, 9:54:15 AMAs China's yuan approaches the 7 to the dollar barrier, investors are betti... ✔ The data represents the view that many locals, including importers, think the yuan will be weaker as the dollar strengthens further, said Iris Pang, Greater China economist at ING Wholesale Banking ✔ And the PBOC hasn’t minced its words for the bears ✔ Our Standards:The Thomson Reuters Trust Principles
Trump hits Chinese chipmaker with export ban, still expects ‘great deal’ with Beijing
10/30/2018, 9:33:58 AMThe US Commerce Department has announced restrictions on exports to state-backed Chinese company Fujian Jinhua which makes semiconductors. The decision comes as the latest escalation in Washington's trade fight with Beijing. ✔ The decision comes as the latest escalation in Washington's trade fight with Beijing ✔ The firm was accused of lying to American officials about punishing employees who violated US sanctions against North Korea and Iran ✔ For more stories on economy & finance visit RT's business section Trends: China newsTrade War newsUS news
Gold loses ground as stocks stabilize, dollar gains
10/30/2018, 11:44:33 AMGold moves slightly lower, kept under pressure by a stronger dollar and as stocks attempt to stabilize. ✔ The Dow Jones Industrial Average DJIA, -0.99% saw a swing of more than 900 points in Monday’s session before ending sharply lower but off session lows ✔ The S&P 500 SPX, -0.66% ended within a whisker of correction territory, widely defined as a drop of 10% from a recent peak ✔ We Want to Hear from You Join the conversation Comment
Earnings Preview: What To Expect From Apple Stock
10/30/2018, 11:01:41 AMAnalysts say guidance and China will be keys on Thursday for AAPL stock. ✔ Ives says consensus 2019 iPhone average sales price of about $770 is far too low given early iPhone cycle mix trends, and that 65 to 70 percent of iPhone XR sales will be the higher $899 price point model ✔ XNAS: AAPL | 4:00:00 PM 212.24 price (usd) -4.06(-1.88%) daily change 52 week low 150.24 52 week high 233.47 See Full Interactive Chart Data as of 4:00:00 PM on 10/29/2018
Asian stocks decline as US-China tariff fears weigh
10/30/2018, 11:28:18 AMBOC advances after earnings while Sime Darby rises on Australia acquisition ✔ China is proposing to halve the tax on car purchases to 5%, the article said, citing people familiar with the matter ✔ Malaysian automotive-and-industrial company Sime Darby advanced 1.9% after saying it plans to acquire Australia-based Heavy Maintenance Group for 58 million Australian dollars ($41.13 million) ✔ The Nikkei Asia300 ASEAN Index for Southeast Asian companies shed 0.1%
Stock futures higher on Trump's optimistic comments on China trade...
10/30/2018, 11:58:57 AMU.S. stock index futures were higher on Tuesday, coming off yet another bout of ... ✔ Pfizer (PFE.N) cut the upper end of its full-year revenue forecast, largely due to product shortages in the United States, sending its shares down 2.5 percent premarket ✔ Coca-Cola Co (KO.N) climbed 0.6 percent after beating quarterly sales estimates as more consumers reached for new versions of its sugar-free sodas and sparkling waters ✔ Our Standards:The Thomson Reuters Trust Principles
Oil prices fall on rising supply, trade tensions
10/30/2018, 10:57:00 AMOil prices fell on Tuesday, depressed by concerns that the U.S.-China trade disp... ✔ FILE PHOTO - An employee holds a gas pump to refill a car at a petrol station in central Seoul April 6, 2011 ✔ The second one is global economic growth momentum slowing down, IEA chief Fatih Birol told an energy conference in Singapore ✔ Our Standards:The Thomson Reuters Trust Principles
The Trump Administration Has Blocked Exports to Another Big Chinese Tech Firm
10/30/2018, 11:56:15 AMThe move recalls a similar ban that brought telecoms gear giant ZTE Corp. to a virtual standstill. ✔ While the Commerce decision helps Micron in the short term, the administration is trying to set a precedent for how it treats Chinese state-owned enterprises in the long run, he said ✔ Such license applications will be reviewed but with a presumption of denial, the agency said
Hong Kong shares fall on US-China woes and earnings weakness
10/30/2018, 9:03:46 AMChinese automakers rise after report of tax cuts for car purchases ✔ HONG KONG (Nikkei Markets) -- Hong Kong shares fell on Tuesday, hurt by a clutch of weak quarterly earnings announcements, even as investors weighed the possibility of the U.S. imposing import tariffs on all shipments from China ✔ The yuan traded onshore was little changed against the dollar at 6.9627, hovering near 10-year lows
China making fresh bid to boost loans to small firms as economy slows
10/30/2018, 9:14:03 AMChina's banking and insurance watchdog said on Tuesday that it will soon re... ✔ Industrial and Commercial Bank of China Ltd (ICBC), the country’s biggest commercial lender, said its loans to private firms stood at around 2 trillion yuan as of end-September, up more than 100 billion yuan from the start of 2018 ✔ Our Standards:The Thomson Reuters Trust Principles
Explainer: How a Democratic U.S. House could alter foreign policy
10/30/2018, 10:18:09 AMDemocrats will try to harden U.S. policy toward Saudi Arabia, Russia and North K... ✔ The White House has released few details about the meeting ✔ NORTH KOREA Democrats say they are determined to obtain more information about meetings by Trump and Secretary of State Mike Pompeo with North Korean Leader Kim Jong Un, worried that Trump is so eager to make a great deal that he will give Kim too much ✔ Our Standards:The Thomson Reuters Trust Principles
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