Trump's trade war helps China
11/1/2018, 5:02:57 AMReducing reliance on exports and rebalancing the economy is good for the Middle Kingdom ✔ After all, the U.S. Federal Reserve could always decide that its debt burden has grown too heavy, and attempt to inflate it away by printing more dollars ✔ Yu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, served on the Monetary Policy Committee of the People's Bank of China from 2004 to 2006
Japanese carmakers' weapon of choice in Trump trade war: Flexible...
11/1/2018, 5:13:05 AMAt points along the assembly line at Nissan Motor Co Ltd's 7201.T largest U... ✔ PEOPLE ARE MORE FLEXIBLE Using one assembly line to build a variety of different body styles requires careful coordination that starts with the engineers who design the vehicles, and extends to the construction of the tools used to weld and assemble them
Amid trade war, China premier says Sino-U.S. ties can improve
11/1/2018, 10:11:54 AMChina and the United States can overcome their differences and get relations bac... ✔ Lintao Zhang/Pool via REUTERS China and the United States are locked in an increasingly bitter trade war, with both countries have already placed tariffs on some of each others imports ✔ Your country and our country are competitors but not adversaries ✔ And we believe that with mutual respect we can continue to prosper together ✔ Our Standards:The Thomson Reuters Trust Principles
Trade war impact deepens across Asia, but 'real economic shock' yet...
11/1/2018, 6:29:28 AMThe economic impact of the intensifying trade war between Washington and Beijing... ✔ REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY ✔ CHINA SLOWDOWN The pressure on China’s economy is not just external ✔ Graphic: Container & Bulk Freight Rates - tmsnrt.rs/2OOJWTS Our Standards:The Thomson Reuters Trust Principles
OCBC benefits from higher rates, posts record profit
11/1/2018, 10:44:15 AMDespite trade war, bank's markets remain sound, says CEO ✔ Loans grew 10% while net interest margin, which is the difference between the interest charged by banks and what they pay depositors, widened by 6 basis points to 1.72% ✔ Unlike rivals DBS and UOB, OCBC has no plans to set up a standalone digital bank and would rather improve its existing operations through the use of digital technologies, Tsien said
US senator says China, US 'competitors but not adversaries'
11/1/2018, 11:16:12 AMBEIJING (AP) — China and America are "competitors but not adversaries," U.S. Sen. Lamar Alexander told Chinese Premier Li Keqiang on Thursday, despite a spiraling trade war and other tensions that have pushed relations to their lowest point in years. The upbeat message at their meeting in Beijing came amid concerns that the U.S.-China trade dispute will drag on, hurting company profits and the overall U.S. economy. Tensions have also arisen over China's claims to Taiwan and the South China Sea, allegations of Chinese theft of commercial secrets and accusations of meddling in American politics.
Oil prices fall on signs of rising supply, economy worries
11/1/2018, 8:10:08 AMOil prices fell on Thursday to extend losses from the previous session, pressure... ✔ The strong build 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
China's Xi promises support for private firms as growth cools
11/1/2018, 11:22:55 AMChinese President Xi Jinping on Thursday promised support for struggling private... ✔ The economy grew by a slower-than-expected 6.5 percent in the third quarter, its weakest since the global financial crisis, and analysts believe business conditions will get worse before they get better ✔ Our Standards:The Thomson Reuters Trust Principles
Vietnam primed for M&A boom as foreign ownership limit eases
11/1/2018, 7:44:37 AMIndustries like pharmaceuticals and real estate catch Asian buyers' eyes ✔ Vietnam is becoming a destination for multinationals seeking shelter from the U.S.-China trade war ✔ The planned reform comes as the growing trade war between Washington and Beijing turns Vietnam into a haven for businesses wary about maintaining or expanding production in China ✔ South Korea and Singapore are also major dealmakers in Vietnam
U.S. soybean cargo heading to China switches destination amid trade...
11/1/2018, 10:48:19 AMA vessel carrying soybeans from the United States to China changed its destinati... ✔ At least two other vessels carrying U.S. soybeans to China have changed course in the past month, suggesting the original buyer has resold the cargo to other markets ✔ The Audacity, which loaded almost 70,000 tonnes of U.S. soybeans in Seattle on Oct. 21, changed its destination from Qingdao to Phu My in Vietnam on Sunday, Refinitiv data showed ✔ Our Standards:The Thomson Reuters Trust Principles
Oil prices drop as wave of supply meets global economic gloom
11/1/2018, 11:11:55 AMOil fell on Thursday, on course for its fourth consecutive week of decline, as r... ✔ A Reuters survey on Wednesday showed the Organization of the Petroleum Exporting Countries raised oil production last month to its highest since 2016, led with gains by the United Arab Emirates and Libya ✔ Our Standards:The Thomson Reuters Trust Principles
DealBook Conference Live Updates: How Will Corporate America Tackle Tomorrow’s Challenges?
11/1/2018, 10:29:06 AMAt the event today in New York City, America’s most important business leaders provide insights on how to navigate the challenges ahead. ✔ Welcome to our live coverage of Playing for the Long Term, DealBook’s annual conference starting this morning in New York City ✔ He and I will also discuss the future of Fox and the politics of business and news ✔ • Evan Spiegel: Snap’s founder sits down with us during a challenging year for the company
Euro rebounds as investor sentiment recovers; sterling surges
11/1/2018, 9:19:57 AMThe euro rallied half a percent on Thursday as currencies hit hard by recent dol... ✔ We’ve got a reasonably risk-friendly market, and with the new month we have some dollar selling, said Kit Juckes, a strategist at Societe Generale ✔ The Japanese currency weakened to a three-week low of 113.38 on Wednesday after the BOJ signaled its intention to maintain its ultra loose monetary policy for some time ✔ Our Standards:The Thomson Reuters Trust Principles
Five things to watch as Alibaba reports second-quarter earnings
11/1/2018, 4:16:45 AMundefined ✔ It is a luckless time for a tech giant aiming to parlay free trade into a commercial enterprise: the US-China trade war is escalating, and Big Tech is being viewed sceptically by regulators, investors and consumers ✔ The consensus forecast for adjusted ebitda in the second quarter is Rmb27.43bn, which would be a 10 per cent year-on-year improvement
Market turmoil sees investors turn to ETF options for protection
11/1/2018, 4:15:58 AMundefined ✔ The most volatile trading days in October have seen activity in derivative puts that provide investors with an option to sell SPY at a pre-determined price running at double the pace of calls that give a right to buy the ETF ✔ Morgan Stanley has told clients that the S&P 500 could fall to 2,450 points, a decline of 16.4 per cent from its peak, and thereafter trade in a wide range between 2,400 and 3,000 for up to two years
A tough road ahead for India's battered rupee: Reuters poll
11/1/2018, 4:41:34 AMThere will be little respite for the bruised Indian rupee over the coming year, ... ✔ REUTERS/Amit Dave Investors have generally shunned emerging market assets this year, made riskier by the international trade tensions and the increasing attractiveness of dollar yields thanks to the U.S. Federal Reserve’s steady pace of rate increases ✔ The recent life-time low for the rupee was 74.485 per dollar on October 11 ✔ In a month, nearly one-fifth of respondents expect the currency to hit a new record low ✔ Our Standards:The Thomson Reuters Trust Principles
Canada dollar to rally as global gloom lifts, say strategists:...
11/1/2018, 11:58:23 AMThe Canadian dollar will rally over coming months on a recovery in demand for ri... ✔ In October, oil prices posted the worst monthly performance since mid-2016 amid worries about the outlook for demand and evidence of rising global crude supply ✔ (Other stories from the global foreign exchange poll:(nL3N1XB3NZ)) Our Standards:The Thomson Reuters Trust Principles
Xi Jinping's awkward relationship with Deng Xiaoping
11/1/2018, 6:29:01 AMTwo tricky 40th anniversaries test China's leader ✔ TOKYO -- For the first time in many years, Beijing's Tiananmen Square was covered with red and white Japanese flags ✔ The two Chinese leaders that followed Deng, and were hand-picked by the paramount leader -- Jiang Zemin and Hu Jintao -- have already retired
Western universities may be inadvertently helping China's military: Report
11/1/2018, 8:15:31 AMSome Chinese military scientists working on at Western universities have deliberately concealed their ties to the army, according to a report by the Australian Strategic Policy Institute. ✔ Visual China Group / Getty Images Chinese scientists cultivating cells in Guangzhou, Guangdong Province of China ✔ That's sparked concerns of host institutions unknowingly contributing to Beijing's defense prowess ✔ Chinese military researchers may also engage in espionage or steal intellectual property while overseas, he warned
Tech Drove Stocks Skyward. It’s a Different Story on the Way Down.
11/1/2018, 10:50:50 AMLarge technology companies, and the big profits they produce, lifted the markets earlier this year. But during October’s tumble they were only part of a broad-based downturn. ✔ Slumping Stock Market Enters Negative Territory for the Year Oct. 24, 2018 5 Steps to Take if the Market Drop Has You Thinking of Unloading Stocks Aug. 22, 2018 Chemical and materials companies have experienced steep declines faced with mounting concerns over global trade
What we’ve learnt about corporate America during earnings season
11/1/2018, 5:09:27 AMundefined ✔ Buoyed by an expanding domestic economy and a historic tax cut, corporate America is on track to report one of its most profitable quarters in years ✔ With truckers still scarce, transport expenses were raised as an issue by the likes of Coca-Cola, Mondelez and Whirlpool, whose executives spoke of a massive increase
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