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Trade War - SERIES 315 {19 articles}

Baidu ad sales hit by gaming crackdown and trade war

10/31/2018, 4:52:41 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


Trade war could rock Swiss franc, hinder monetary policy: SNB's Jordan

10/31/2018, 5:34:12 PM
Rising global trade tensions could buffet the Swiss franc, Swiss National Bank C... ✔ U.S. President Donald Trump warned China this week that he was ready with billions of dollars of new tariffs if a trade deal between the two companies is not reached ✔ The marked increase in uncertainty has so far not had any lasting influence on the value of the franc, Jordan said ✔ Our Standards:The Thomson Reuters Trust Principles


Signs of Chinese slowdown worry Bank of Japan

10/31/2018, 5:47:37 PM
Further easing possible if trade war takes toll, says Gov. Kuroda ✔ A carbon-fiber factory in Jiangsu Province, China ✔ Some Japanese companies are starting to feel the heat ✔ Machine tool orders from China fell on the year for seven straight months through September ✔ The volatility in the stock market hasn't reached a level where it would begin to impact the broader economy and other financial markets, Kuroda added


Tech stocks bear the brunt of red October

10/31/2018, 5:00:43 PM
undefined ✔ Netflix, for instance, is up nearly 59.1 per cent in 2018, although this is about half its maximum year-to-date gain when it reached a record high July ✔ In recent months, management teams at a number of the big semiconductor companies have disappointed investors with their outlooks and warnings about demand strength ✔ Concerns about how many in the sector will be affected by the US-China trade war also loom large


US congressman vows retaliation for UK tax on American tech firms

10/31/2018, 4:29:48 PM
A LEADING Republican politician today warned of possible retaliation against the UK over plans to target Facebook and Amazon with a £400million digital services tax. Texan congressman Kevin Brady c… ✔ He wants to put the new system in place within two years, and will push ahead with it after losing patience with the US for not acting quickly enough ✔ He also threatened the EU faces a crippling trade war if it went ahead with plans to impose tariffs on Levi jeans and Jack Daniels whisky


Investors Didn’t Want the Latest Investment-Grade Bonds

10/31/2018, 7:35:28 PM
Wednesday brings a spooked investment-grade primary market, a Chicago securitization, and yet another downgrade of IBM. ✔ Stock-market volatility didn’t help, nor did the fact that the issuers were mostly global industrial companies that could get hurt by a trade war ✔ CreditSights maintains a Market Perform rating on the issue, which it describes as an unduly complex structure which we believe to have been established out of political expediency


China's local governments on buying spree for companies

10/31/2018, 7:56:12 PM
More than 50 cash-strapped corporations have accepted investment ✔ Chinese Communist Party delegates raise their hands at the party's National Congress in November 2017 ✔ A state-owned company from Fujian Province, where many products like flat-screen TVs are assembled, has invested in a liquid-crystal display maker in Jiangxi Province


Strategists see a buying opportunity — 'The tide is still coming in for equities'

10/31/2018, 7:59:27 PM
The recent market sell-off has been "a normal development in markets," says strategist Scott Clemons. ✔ I don't think it speaks to any underlying fundamental weakness, Clemons said ✔ You look at the earnings reports, you look at the strength of the economy, the tide is still coming in for equities ✔ Slowing earnings growth has also weighed on investors ✔ He likes technology, industrial, consumer discretionary, health care and financial stocks


Opinion | Backlash Builds Against Beijing

10/31/2018, 5:15:46 PM
China wants to displace the U.S. as leader of the world, but it faces dissent at home and abroad. ✔ The damage to American firms from the current trade war may be significant, but China can’t weather a prolonged battle nearly as well ✔ Mr. Auslin, a fellow at Stanford University’s Hoover Institution, is author of The End of the Asian Century (Yale, 2017)


Ford and Baidu launch 2-year tie-up for on-road driverless tests

10/31/2018, 4:35:40 PM
Partners will run fully-autonomous cars on Beijing's public roads ✔ This project will combine our leading-edge technological know-how and understanding of China together with Ford's vehicle expertise, said Zhenyu Li, vice president of Baidu's Intelligent Driving Group ✔ By deepening its partnership with Baidu, Ford aims to lay the groundwork for the self-driving era in the Chinese market


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

10/31/2018, 7:48:06 PM
The U.S. dollar edged up to a fresh 16-month high against a basket of key curren... ✔ The U.S. Federal Reserve increased interest rates in September for the third time this year and is expected to raise rates again in December, even as the European Central Bank’s plan to raise rates late next year may be challenged by alarmingly slow growth in the euro zone region


GM Stock Is Surging as Earnings and Guidance Overcome Tariffs

10/31/2018, 7:35:30 PM
The auto giant said trade levies created a cost headwind but GM still sees strength across all segments. ✔ Ford also jumped following its third-quarter report last week ✔ (In addition, Honda Motors (HMC) reported a better-than-expected fiscal second quarter after the bell Tuesday, and raised its full-year guidance.) With downbeat sentiment weighing on the sector, expectations had been lowered, and the fact that auto makers were able to deliver some good news is heartening, especially since the U.S. remains one the brighter spots for sales as China and Europe falter ✔ Make the Connection Still, GM hasn’t gone far since its IPO


Oil prices steady as U.S. crude stocks rise for a sixth week

10/31/2018, 4:26:12 PM
Oil prices were mixed in volatile trade on Wednesday as strong U.S. demand for f... ✔ Investors are weighing market sentiment ahead of new U.S. sanctions on Iran that begin on Nov. 4 ✔ There’s this perception that there’s enough oil in the market right now to get through the Iranian sanctions ✔ Our Standards:The Thomson Reuters Trust Principles


Oil prices fall on signs of rising global supply

10/31/2018, 7:48:01 PM
Oil prices fell on Wednesday and posted the worst monthly performance since mid-... ✔ The increases in production comes just ahead of new U.S. sanctions on Iran, set to come into force Nov. 4, that are expected to cut supply ✔ There’s this perception that there’s enough oil in the market right now to get through the Iranian sanctions, said Phil Flynn, analyst at Price Futures Group in Chicago ✔ Our Standards:The Thomson Reuters Trust Principles


What will kill the bull market? Tepid business investment, analysts say

10/31/2018, 7:35:41 PM
Tax cuts were supposed to supercharge investment, but analysts worry that businesses are already ramping down investment plans. ✔ Last week, the survey indicated that the number of companies planning to lift capex in the coming months has already begun trending downward ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment


TPP-11 now turns focus to recruiting new members

10/31/2018, 7:10:09 PM
In January meeting, addition of Thailand, South Korea and UK to be discussed ✔ For the rest of the members -- Vietnam, Malaysia, Chile, Peru and Brunei, the rules will take effect 60 days after they ratify the pact ✔ Tokyo is also focused on the Regional Comprehensive Economic Partnership that brings together 16 Asia-Pacific states ✔ But talks have seemingly stalled, with China resisting Japan's calls for a high degree of trade freedom


Stock market faces more potential turbulence in November as G-20 summit, elections loom

10/31/2018, 7:52:15 PM
November features several variables that could add to the current market volatility, including an upcoming G-20 summit, the midterm elections, the latest jobs report and a Federal Reserve meeting on monetary policy. ✔ There are three possible ways the elections could unfold: The Democrats regain control of the House while the Senate remains under Republican control ✔ While the central bank is not expected to raise rates at this meeting, investors largely forecast one more rate-hike before year-end


The stock market lost more than $2 trillion in October. Here's what happened

10/31/2018, 6:16:44 PM
October is on pace for one of the worst months since the financial crisis. ✔ October is set to be the fourth month this year that the S&P 500 bottomed at that key level ✔ The Dow Jones Industrial Average closed down 13 days in October as the index headed toward its worst month since January 2016 ✔ Reed , Kate Rooney and Fred Imbert contributed to this report


Commentary: Five reasons why Trump’s Iran sanctions will fail

10/31/2018, 4:20:08 PM
The next round of economic sanctions on Iran, which will start going into effect... ✔ The next round of economic sanctions on Iran, which will start going into effect on Nov.4, will mainly target the country’s oil and gas industries ✔ Iranian women protest in Tehran against U.S. President Donald Trump's decision to walk out of the 2015 nuclear deal, May 11, 2018 ✔ Third, U.S. sanctions have laid the groundwork for a historic change in the global financial system


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