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Trade War - SERIES 313 {17 articles}

Further BOJ easing possible if trade war takes toll, says Kuroda

10/31/2018, 10:22:14 AM
Central bank keeps ultra-easy policy and cuts inflation forecast ✔ Its forecast for the year ending March 2021 was also cut by 0.1 percentage point to 1.5% ✔ The original projections were too optimistic, said Naomi Muguruma, senior market economist at Mitsubishi UFJ Morgan Stanley Securities ✔ The most recent inflation data, for the month of September, showed that consumer prices excluding fresh food rose 1.0% from the previous year



Trade war and rising US rates thrash Hong Kong shares in October

10/31/2018, 9:51:12 AM
Tencent logs worst month since 2011 in sell-off ✔ Data released Wednesday showed China's official manufacturing Purchasing Managers' Index for the month came in at 50.2, down from 50.8 in September and weaker than the 50.6 reading analysts in a Reuters poll were expecting ✔ 30 to have widened as much as five times from a year ago



'Red October' sees US stocks endure their worst month since the financial crisis

10/31/2018, 11:02:59 AM
Concerns ranging from a US-China trade war, Federal Reserve interest rate policy and a slowdown in global growth led to a wave of heavy selling. ✔ Growth is still going strong, but many believe that will flip soon, particularly when factoring in the potential negative impact of President Trump's trade war, which by some measures is already starting to hurt the domestic economy ✔ Stocks may have witnessed a horror month, but look likely to bounce a little on October's final day, with the S&P 500 set to gain about 0.7% once markets open at 9.30 a.m. in New York



Caterpillar Stock Could Be a Great Buy… as Long as There Isn’t a Recession

10/31/2018, 11:33:32 AM
Industrial stocks have gotten hit hard in 2018, as the market worries about the possibility of a recession. But one analyst argues that the group, and Caterpillar stock in particular, has fallen too far. ✔ If there were ever an actual upcycle, the shares would have correspondingly more upside ✔ The overspending that was evident during the past three aren’t present now (Wertheimer estimates U.S. total real construction is below the 2008 peak, as well as the 2011 trough) ✔ But Boeing (BA) is flying above the trade-war fray



Mitsubishi Corp. powers toward 16% net profit growth

10/31/2018, 9:11:20 AM
Resources and Southeast Asian auto business have trader poised for record year ✔ Higher resource prices are the key driver, but nonresource segments, including the auto business in Southeast Asia, are also expected to perform well ✔ One looming risk factor, however, is the ongoing trade war between the U.S. and China ✔ Itochu, for example, faces impairment losses on stock holdings in Chinese companies, whose shares have fallen amid the dispute



Panasonic second-quarter profit down 15 percent as investment in...

10/31/2018, 9:24:29 AM
Japan's Panasonic Corp on Wednesday reported a 15 percent fall in second-qu... ✔ Panasonic maintained its profit forecast for the year through March at 425 billion yen, versus a 432.51 billion yen estimate from 20 analysts ✔ Panasonic has been investing in Tesla’s battery plant as production of mass-market Model 3 cars accelerates ✔ Our Standards:The Thomson Reuters Trust Principles



Panasonic profit weighed by Tesla costs, but in talks for further...

10/31/2018, 11:35:54 AM
Japan's Panasonic Corp on Wednesday reported a decline in quarterly profit ... ✔ The higher costs, as well as slower demand for factory automation equipment in China amid an escalating Sino-U.S ✔ The automaker is averaging roughly 4,300 Model 3s a week which, though below its 5,000 target set for June, was enough to boost earnings ✔ ($1 = 113.2100 yen) Our Standards:The Thomson Reuters Trust Principles



General Motors' shares soar as strong truck sales boost third-quarter profit

10/31/2018, 11:57:36 AM
General Motors released third-quarter earnings Wednesday that beat analysts expectations on strong truck sales. ✔ General Motors posts strong beats on top and bottom lines    14 Mins Ago | 01:42 General Motors' shares soared Wednesday after the automaker released third-quarter earnings that beat analysts' expectations on strong truck sales ✔ The automaker expects to ship about 120,000 of the new trucks in the second half of 2018



Bangkok approves $14bn of projects in effort to lift economy

10/31/2018, 10:28:17 AM
New investment in Thailand's Eastern Economic Corridor expected to attract FDI ✔ A general view of Laem Chabang port, east of Bangkok ✔ He added that the government also plans to hold exhibitions in France and England next month to attract new investment, since the government has set a target of foreign direct investment in the EEC area of at least 100 billion baht in 2019



Oil prices rise ahead of U.S. sanctions on Iran

10/31/2018, 11:46:44 AM
Oil prices rose on Wednesday, recovering some ground after two days of losses, a... ✔ The bullish argument for crude still centers on Iran sanctions which are due to begin in November, and continued output declines from Venezuela, said William O’Loughlin, investment analyst at Rivkin Securities ✔ Our Standards:The Thomson Reuters Trust Principles



Baidu's fourth-quarter sales goal misses estimates as regulation,...

10/31/2018, 9:24:33 AM
Chinese search engine operator Baidu Inc on Wednesday forecast fourth-quarter sa... ✔ FILE PHOTO: A Baidu logo is seen at the Global Mobile Internet Conference (GMIC) at the National Convention Center in Beijing, China April 27, 2018 ✔ Baidu shares were down 1.4 percent in after-hours trade ✔ The stock has fallen more than 20 percent since the start of the year, amid a broader sell-off of Chinese technology shares ✔ Our Standards:The Thomson Reuters Trust Principles



The U.S. Ratchets Up Fight Over 'China 2025' by Accusing Chinese Spies of a Plot to Steal Jet Engine Tech

10/31/2018, 10:05:21 AM
The DoJ says Chinese spies worked with hackers and “co-opted company insiders” to acquire aviation technology. ✔ The concerted effort to steal, rather than simply purchase, commercially available products should offend every company that invests talent, energy, and shareholder money into the development of products ✔ Beijing’s Made in China 2025 blueprint specifically identifies aerospace as a key sector that can help match or exceed the high-end manufacturing output of countries such as Germany, Japan and the U.S. Trump administration demands that China roll back support for the plan have been a major sticking in discussions to resolve the trade dispute



Tech companies sent an ominous message to investors in October

10/31/2018, 11:32:42 AM
Happy last day of a tough month. But don’t expect an easy ride in November, and our call of the day says there is one more reason to worry about stocks in the most beaten-down sector. ✔ In short, the S&P 500 has tracked a trendline higher until it closed below that, a worrying signal for Colombo ✔ Indonesian officials may have of the deadly Lion Air crash ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment



Australian IT link in Chinese hack of jet companies

10/31/2018, 9:15:10 AM
An Australian-based IT company was allegedly used by Chinese hackers as a back door to steal the commercial secrets of aviation companies. ✔ The case forms part of Washington's escalating trade war with Beijing ✔ The indictment said an unidentified domain name registrar had been compromised and domains diverted to malicious IP addresses ✔ Tip off our team confidentially via this secure online system



Iran sanctions seen keeping oil above $75, but 2019 demand outlook...

10/31/2018, 11:23:30 AM
Oil is likely to stay above $75 a barrel, fueled by supply disruptions exacerbat... ✔ I expect (Saudi Arabia and Russia) to raise output if necessary - as a shortage on the supply side and an even higher oil price could be a major risk to the global economy in 2019, Schallenberger added ✔ Our Standards:The Thomson Reuters Trust Principles



How the U.S. midterm elections could ripple through markets

10/31/2018, 11:23:43 AM
Gridlock, Blue Sweep or Red Repeat? Wall Street is closely watching the U.S. mid... ✔ U.S. DOLLAR If the Republicans retain both the House and Senate the U.S. dollar may benefit, analysts said ✔ Given the disruption to international product supply lines and rising input costs resulting from Trump’s tariffs, the dollar is perceived as a safe haven and it strengthened after levies were imposed on Chinese, European, and Canadian imports this year ✔ Our Standards:The Thomson Reuters Trust Principles



Intel's iPhone supply deal leaves PC makers facing chip shortage

10/31/2018, 8:03:22 AM
Chipmaker's shift to mobile weighs on Acer and Asustek as Christmas season nears ✔ Executives from Taiwanese memory chip maker Nanya Technology, chip packaging services provider Powertech Technology, and laptop computer assembler Compal Electronics have noted the Intel processor shortage as adding to the uncertainty ahead for the electronics industry, which must also contend with the U.S.-China trade war



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