Taiwan factory gauge slumps as trade war worries rise
11/1/2018, 12:56:34 AMundefined ✔ The latest Nikkei-Markit Taiwan manufacturing purchasing managers’ index came in at 48.7 in October, down from 50.8 a month earlier and sliding below the 50 point mark that separates expansion from contraction for the first time since May 2016 ✔ Taiwan on Wednesday reported the pace of gross domestic product growth had slowed to 2.28 per cent in the third quarter, from 3.3 per cent in the second quarter ✔ ING economist Iris Pang said the hit to exports from the US-China trade war was worsening
U.S.-China trade battle shows deepening economic impact across Asia
11/1/2018, 3:52:17 AMThe economic impact of the intensifying trade war between Washington and Beijing... ✔ REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY ✔ The world’s third-largest economy faces pressures in other areas with its central bank trimming the inflation outlook on Wednesday, flagging external risks ✔ Our Standards:The Thomson Reuters Trust Principles
Caixin China October manufacturing PMI: 50.1, beating expectations
11/1/2018, 2:05:35 AMA survey of small and medium-sized enterprises in China beat expectations even amid an ongoing trade dispute with the U.S. ✔ Aly Song | Reuters A worker checks a mask of U.S. Republican presidential candidate Donald Trump at Jinhua Partytime Latex Art and Crafts Factory in Jinhua, Zhejiang Province, May 2016 ✔ China's official PMI gauge focuses on large companies and state-owned enterprises, while the private survey by Caixin and IHS focus on small and medium-sized enterprises
China's factory sector barely grows in October, export orders...
11/1/2018, 2:13:10 AMChina's manufacturing sector barely grew last month after stalling in Septe... ✔ REUTERS/Stringer The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for October, released on Thursday, edged up to 50.1 from 50.0 in September ✔ Washington and Beijing slapped additional tariffs on each other’s goods on Sept ✔ 24, and U.S. President Donald Trump has threatened to hit China with more duties ✔ Our Standards:The Thomson Reuters Trust Principles
Midterm elections 2018: Why Trump trade wars with China and EU WON’T affect the vote
11/1/2018, 2:10:07 AMDONALD Trump’s raging trade wars won’t affect next week’s vote despite them being a major sticking point as the majority of Americans are more affected by other issues, an expert said. ✔ Midterm election 2018: Donald Trump's trade war won't affect the vote, it was claimed (Image: GETTY) READ MORE: Midterm election polls: Who will win the Midterm elections in the USA next week ✔ Such a scenario could cripple the Republican’s chance of carrying on with their reforms, including the dismantling of the much-debated health reform created by his predecessor Barack Obama, dubbed 'Obama Care'
US wants China to ‘behave like a normal nation’ & respect international laws – Pompeo
11/1/2018, 1:05:43 AMWashington is pressuring Beijing to act like a “normal nation” on the world stage, Mike Pompeo has repeated, accusing China, ironically, of disregarding international laws and seeking to impose “decades of pain” around the globe. ✔ To battle the Chinese threat, the US will continue to engage in a multi-pronged effort to force it to behave like a normal nation on commerce and with respect to the rules of international law, Pompeo stated ✔ Share it with a friend! Trends: China newsChina-US newsTrade War news
China stocks gain after latest stimulus pledge
11/1/2018, 2:24:57 AMundefined ✔ That came as an official gauge of Chinese factory output weakened to its lowest level in more than two years in October, in the latest sign of pressure on the Chinese economy ✔ A private sector reading of manufacturing activity, released on Thursday, was slightly stronger ✔ Asia-Pacific’s major bourses mostly started November on a firmer footing
Kudlow: ‘It’s possible’ new tariffs won’t be imposed on China
11/1/2018, 3:31:20 AMLarry Kudlow, President Donald Trump’s top economic adviser, said Wednesday that “it’s possible” that new tariffs on Chinese imports can be avoided. ✔ See Also Will These October Surprises Impact the Midterm Elections ✔ × But in a Fox News interview that aired late Monday, Trump said he thinks we will make a great deal with China, potentially ending the escalating trade war ✔ Subscribe to MarketWatch's free Asia Daily newsletter ✔ We Want to Hear from You Join the conversation Comment
Oil prices fall on signs of rising supplies, ebbing confidence on global economy
11/1/2018, 2:52:01 AMOil prices slipped early on Tuesday amid signs of increasing crude supply and concerns about the demand outlook. ✔ The strong built in oil inventories is likely to keep downward pressure on oil prices, ANZ Research analysts said in a note ✔ China delivered disappointing PMI data, with its manufacturing sector in October expanding at its weakest pace in over two years
Oil prices fall on signs of rising supplies, ebbing confidence on...
11/1/2018, 1:43:33 AMOil prices fell early on Thursday, extending losses in previous sessions, amid s... ✔ The strong built in oil inventories is likely to keep downward pressure on oil prices, ANZ Research analysts said in a note ✔ Meanwhile a Reuters survey found the Organization of the Petroleum Exporting Countries (OPEC) boosted oil production in October to its highest since 2016, as higher output led by the United Arab Emirates and Libya more than offset a cut in Iranian shipments due to U.S. sanctions, set to start on Nov. 4 ✔ Our Standards:The Thomson Reuters Trust Principles
Chinese spies conspired to steal jet-engine technology, U.S. alleges - Los Angeles Times
11/1/2018, 1:00:01 AMThe United States unveiled charges against two alleged Chinese spies, accusing them of orchestrating a conspiracy to steal prized jet-engine technology from private companies — including in Los Angeles — as the Trump administration raises pressure on Beijing to address its trade grievances. ✔ Adam Braverman, of the Southern District of California, said in a statement ✔ For decades, China has sought to develop its own commercial jet to break the duopoly held by Airbus SE and Boeing Co. In 2016, it set up state-owned engine maker Aero Engine Corp. of China to develop engines to be fitted on homegrown commercial aircraft
Sterling pops following report of Brexit deal on financial services
11/1/2018, 2:51:57 AMThe British pound saw gains on Thursday following a report that a deal has been struck by U.K. Prime Minister Theresa May with Brussels on financial services. ✔ Economists polled by Reuters expect the nine members of the BoE's Monetary Policy Committee to have voted unanimously to keep rates on hold this month, and on average do not see a further rate rise until May ✔ The euro <EUR=> was fetching $1.1333, gaining 0.2 percent, having lost ground in the last three consecutive trading sessions, pressured by weak euro zone data as well as Italian budget worries and Brexit woes
Everyday people crucial to Sino-US friendship - World
11/1/2018, 1:42:34 AMundefined ✔ From these ordinary men and women, we know why the China-US relationship is firmly grounded, and why we should be confident in its future, the ambassador said ✔ It's about the wider benefits of US-China cooperation, it's about the dark side of globalization for the Chinese people and it's about the common humanity that drives us together, he said
China to defend seven yuan per dollar rate, but may find it tough:...
11/1/2018, 2:36:51 AMChinese authorities will defend the yuan from weakening past the psychological 7... ✔ The onshore yuan was expected to gain around 1.8 percent to 6.85 per dollar in a year, according to the Oct 26-31 poll of 60 foreign exchange strategists ✔ Those expectations are largely dependent on a weakening of the dollar’s safe-haven appeal and a breakthrough in Sino-U.S ✔ Our Standards:The Thomson Reuters Trust Principles
Australian stocks positive following turbulent October
11/1/2018, 12:00:37 AMThe benchmark ASX 200 gained 0.8 percent in morning trade, with the materials sectors advancing 2.31 percent. ✔ Shares in Australia were higher on the first trading day of November following a series of roller coaster moves in global stock markets in October ✔ Despite the day's gains, the major averages still posted big October losses, dropping more than 5 percent each for the month
Pound sterling rises on Brexit hopes as Asia-Pacific stocks rally
11/1/2018, 3:01:43 AMundefined ✔ Dominic Raab, the Brexit secretary, told parliament on Wednesday that Britain could conclude a withdrawal agreement with the EU by November 21 ✔ Asia-Pacific bourses mostly started November on a firmer footing ✔ Commodities Brent crude was down 0.4 per cent at $74.75 a barrel
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