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Trade War - SERIES 314 {19 articles}

Baidu ad sales hit by gaming crackdown and trade war

10/31/2018, 2:42:29 PM
Chinese search engine beats 3Q forecasts but end of year outlook dims ✔ Unable to cash in on new titles, the gaming industry has suffered, with Tencent Holdings experiencing its first quarterly profit decline in 13 years ✔ Baidu's shares have fallen more than 20% since the beginning of the year amid a sell-off of Chinese technology stocks



'China, US will save relations despite trade war and sea threats'

10/31/2018, 3:04:27 PM
undefined ✔ Cui Tiankai, China's ambassador to the United States ✔ According to research by the Pew Research Centre, which monitors changing attitudes around the world, almost half of Americans held unfavourable views of China in 2017 ✔ On Monday, Trump repeated his assertion that China was not not ready to strike a deal to bring an end to the costly dispute ✔ This is very confusing, and this is making things very difficult



UK bank says trade war tensions are hitting growth in key markets

10/31/2018, 1:25:56 PM
FTSE 100-listed StanChart is one of the banks most exposed to worsening relations between the US and China, due to its focus on Asia ✔ For the three months to the end of September, the Asia-focused bank reported underlying pre-tax profit of $1.1bn (£864m), up 31 per cent from $814m the year before ✔ Chief executive Bill Winters chose to focus on the numbers but touched on geopolitical uncertainties ✔ The bank’s big strategic advantage is its position in fast growing emerging economies, and its needs to take advantage of that



US TRADE WAR: China SMASHED by Donald Trump battle as yuan slides

10/31/2018, 2:59:29 PM
CHINA is under pressure to avoid a “financial blow-up” after its battered currency hit its lowest level in a decade, in further signs the world’s second biggest economy has been left hurt by an ongoing trade war with the US. ✔ New export orders, an indicator of future activity, contracted for a fifth straight month and at the fastest pace in at least a year ✔ Maybe the weakening of new export orders in the PMI is a warning sign of what's to come even though it hasn't been reflected yet in the hard data



Janet Yellen on Trump, the Next Recession, and the Trade War With China

10/31/2018, 1:14:06 PM
Former Federal Reserve Chair Janet Yellen countered President Donald Trump’s criticism of the Fed, questioned his approach to trade, and downplayed fears of an imminent, deep recession. ✔ Text size WASHINGTONFormer Federal Reserve Chair Janet Yellen on Tuesday countered President Donald Trump’s criticism of the Fed, questioned his approach to trade, and downplayed fears of an imminent, deep recession ✔ If the labor market continues to tighten, it may be that inflation picks up more than the Fed’s objective and they have to go toward more restrictive monetary policy



China has a big weapon that it hasn’t used in the trade war yet: tourists - Los Angeles Times

10/31/2018, 1:17:51 PM
Unlike merchandise trade, for which President Trump often complains about the large deficit with China, the United States enjoys a sizable services surplus — making such commerce a large and potentially vulnerable target in a lengthy trade war. ✔ If China chooses to widen the trade war by curbing its citizens’ spending on travel, financial services or consulting contracts, the United States would feel the effect more quickly than if Beijing levied additional tariffs on American goods, according to Joy Dantong Ma, a research associate at the Paulson Institute in Chicago



Chinese intelligence officers charged with stealing U.S. aviation technology

10/31/2018, 12:41:02 PM
It's the third time since September that Chinese officers are accused of stealing information from American corporations ✔ The latest indictment adds to the growing tension between the U.S. and China in the middle of this fierce trade war, reports CBS News correspondent Jeff Pegues ✔ It lists 13 companies as targets of the operation, with offices located in France, the United Kingdom, and eight cities in the U.S. The hackers allegedly used several tactics including injecting malware into the companies' computer systems



European funds swoop on stocks amid sell-off

10/31/2018, 1:53:06 PM
European fund managers have used this month's decline in global stock marke... ✔ Seven of the nine fund managers who answered thought the closely watched premium between triple A-rated German government bonds and Italy government debt, the yield spread, could still get wider ✔ The sentiment has dramatically changed in a matter of two months without concrete facts justifying it ✔ Our Standards:The Thomson Reuters Trust Principles



The Dow jumps nearly 300 points as it fights to avoid its biggest monthly drop since the financial crisis | Markets Insider

10/31/2018, 2:31:18 PM
undefined ✔ The S&P 500 gained 1.2%, and the Nasdaq Composite jumped 2% ✔ General Motors beat, dodging some trade-war issues that have cast uncertainty on the auto industry ✔ The manufacturing PMI reading came in at 50.2 in October, only slightly surpassing the threshold that indicates expansion



Wall Street looks to end torrid month with a bounce

10/31/2018, 2:43:12 PM
undefined ✔ October has been a frightful month for investors so far, but Wall Street rebounded on Halloween as investors digested a strong batch of results from General Motors and Facebook and tech stocks once again found favour with investors ✔ Communication services and technology led the way on the S&P 500 with gains of 2.5 per cent and 2.3 per cent respectively, while utilities was the worst performer, down 1.5 per cent



Job fears as Jaguar Land Rover unveils a £2.5bn turnround plan

10/31/2018, 1:43:51 PM
undefined ✔ It also imposed a two-week shutdown at Solihull, the home of its high-margin Range Rover products, because of poor sales in China ✔ Given these challenges, Jaguar Land Rover has launched far-reaching programmes to deliver cost and cash flow improvements



Oil prices fall as global supply rises

10/31/2018, 2:37:57 PM
Oil prices fell for a third day on Wednesday on evidence of rising global supply... ✔ Russian oil output has reached 11.41 million bpd, a level unseen since the collapse of the Soviet Union in 1991, an industry source told Reuters on Wednesday ✔ Inventories are rising and the American Petroleum Institute reported U.S. crude stocks rose 5.7 million barrels last week, above analysts’ forecasts ✔ Our Standards:The Thomson Reuters Trust Principles



Buoyed by truck sales, GM earnings sail past expectations

10/31/2018, 1:48:15 PM
GM's earnings boost was driven by higher-priced truck and SUV sales in North America and China. ✔ Cadillac vehicles are displayed at General Motors' luxury brand headquarters in New York on Oct. 4 ✔ The company’s earnings far surpassed expectations, coming in at $1.87 adjusted earnings per share, compared with $1.25 predicted by analysts ✔ GM’s domestic success was driven by a new line of higher-priced trucks and crossovers



Hyundai Motor to bounce back in Q4

10/31/2018, 3:04:56 PM
undefined ✔ The 2019 Genesis G70 luxury sports sedan / Courtesy of Hyundai Motor By Park Jae-hyuk Hyundai Motor, which posted a third-quarter earnings shock Thursday, will likely bounce back in the final three months of the year on strong sales of its new large SUVs and premium sedans, analysts said Friday ✔ It will post 1 trillion won in operating profit in the fourth quarter, thanks to the increase in business days, sales and capacity utilization of its U.S. factories



Dollar at new 16-month high as U.S. data lends support

10/31/2018, 3:32:49 PM
The dollar edged up to a fresh 16-month high against a basket of key currencies ... ✔ The ADP national employment report on Wednesday showed that U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September



Wisconsin's Foxconn Factory Deal Not Looking Good

10/31/2018, 12:53:30 PM
Cost to taxpayers is increasing while focus of the plant has shifted multiple times. ✔ The state would chip in $3 billion in subsidies and, in return, Foxconn would build a $10 billion state-of-the-art plant to manufacture liquid crystal displays, generating 13,000 jobs ✔ Scott, locked in an unexpectedly tough re-election campaign, generally avoids mentioning it on the stump



Evergrande chairman buys $1bn of group's high-interest debt

10/31/2018, 3:46:54 PM
Billionaire's move seen as vote of confidence amid property sector's troubles ✔ Analysts say the unusual bond offer underscores the mounting financial pressure on the company, China's second-largest developer by sales ✔ [Hui] really needs to give some confidence to investors, he said ✔ The market situation is not ideal at all, Hong said



Analysis | Once again, Trump embraces praise and offshores blame

10/31/2018, 2:00:56 PM
Markets have been flat since the tax cuts were enacted. Trump assures America it's not his fault. ✔ President Trump pauses while speaking at a rally at Southern Illinois Airport in Murphysboro, Ill ✔ During 2017, as unemployment numbers continued to slowly work their way lower, the stock markets were Trump’s preferred indicator of the effectiveness of his economic policies



Analysis | The Finance 202: Trump says Democrats will tank the stock market. History suggests otherwise.

10/31/2018, 12:32:50 PM
In fact, the worst stock market performance since 1950's was under GOP control. ✔ That would give China’s factory owners an advantage when they sell their goods in the United States ✔ The murder of 11 people, many elderly, in the mass shooting this weekend resulted in the arrest of a man who allegedly made anti-Semitic and anti-immigrant rants online ✔ I can’t turn back: Migrant children trek through southern Mexico ✔ Late-night reactions to Trump’s interview on birthright citizenship:



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