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Trade War - SERIES 321 {14 articles}

Global stocks begin November stronger, lifted by results, trade war...

11/1/2018, 8:39:18 PM
World equity markets began November with a broad rally on Thursday after a bruta... ✔ NEW YORK (Reuters) - World equity markets began November with a broad rally on Thursday after a brutal October, boosted by strong corporate earnings and signs that a trade war between economic giants, China and the United States, could be contained ✔ Sterling’s advance nudged the U.S. dollar off its recent peak ✔ The dollar index, tracking the greenback against six major currencies, fell 0.87 percent, with the euro up 0.88 percent to $1.1409 ✔ Our Standards:The Thomson Reuters Trust Principles


China’s Imports of U.S. Soybeans Dropped 80% in September

11/1/2018, 8:04:55 PM
The trade war is taking its toll. ✔ According to Bloomberg, Brazilalready the world’s largest soybean exportersaw a boost in shipments where the U.S.’s dropped ✔ While the nation brought in 24.1 million metric tons of soybeans in the fourth quarter of 2017, it’s only expected to import 18-20 million metric tons this quarter, according to Reuters, with purchases likely from Brazil, Argentina, and Canada


Dow Jones: US stocks UP amid signs of China trade war truce - talks 'moving along nicely'

11/1/2018, 11:05:53 PM
MARKETS in the United States rose for the third straight session today as investors were buoyed by hopes of a truce in Donald Trump’s trade war with China. ✔ Mr Trump said he plans to meet with his Chinese counterpart when the pair attend the G-20 summit in Argentina ✔ Around 9.1 billion shares changed hands during trading on US exchanges today, compared with an average of 8.7 billion per day for the last 20 trading days


Apple's fiscal 4Q results disappoint amid tech jitters

11/1/2018, 10:00:16 PM
SAN FRANCISCO (AP) — Apple's faithful customers aren't snapping up iPhones quite as enthusiastically as anticipated heading into the crucial holiday shopping season. But the latest models costing $1,000 and more are popular enough to keep propelling profits ever higher for the world's most prosperous company. The mixed bag emerged in the quarterly results that Apple released Thursday amid jitters about how the company and the rest of the technology industry will fare in the face of myriad threats to growth. Those include increased government regulation, the escalating U.S. trade war with China and the specter of rising interest rates crimping economic growth.


Why Australia will struggle to escape the next global slowdown

11/1/2018, 9:11:59 PM
Australia's record run of economic growth may struggle to survive the next global downturn. ✔ The combination of an economy already at full employment receiving a huge dose of stimulus from the Trump administration's tax cuts suggests inflation is likely to accelerate, prompting the Federal Reserve to keep raising rates ✔ Bloomberg GDP Trade Most Viewed in Business Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation


'Kiss of debt' for China stocks echoes Japan's post-bubble days

11/1/2018, 9:55:12 PM
Beijing must choose between new stimulus and structural reform ✔ The decline has squeezed many companies that obtained credit using their shares as collateral, as they need to provide additional collateral while also cutting debt ✔ During Japan's struggles, the market initially sank further after the government of then-Prime Minister Junichiro Koizumi pursued structural reform, but Japanese stocks eventually started heading north once again


Apple earnings to detail early sales of new iPhones: Live blog

11/1/2018, 8:12:27 PM
Apple Inc. will provide the first indication of how well its latest line of iPhones is selling when the company delivers its fiscal fourth-quarter results on Thursday afternoon. ✔ will provide the first indication of how well its latest line of iPhones is selling when the trillion-dollar company delivers its fiscal fourth-quarter results on Thursday afternoon ✔ Expect commentary from Chief Executive Tim Cook during Apple’s earnings call, which kicks off at 5 p.m. Eastern time ✔ MarketWatch tech reporter Emily Bary () and tech editor Jeremy C


ASEAN -- finding middle path in the US-China conflict

11/1/2018, 10:17:21 PM
Despite local uncertainties, the region must be bold in shaping its own future ✔ Unless those needs are met -- which will require immense resources -- Communist Party rule could be at risk ✔ Bilahari Kausikan, a former permanent secretary at Singapore Ministry of Foreign Affairs, is chairman of the Middle East Institute at the National University of Singapore


Apple beats on earnings, but stock falls after December outlook misses

11/1/2018, 9:20:22 PM
Apple Inc. reported better-than-expected financial results for its fiscal fourth quarter, but shares sank in after-hours trading Thursday after the company delivered a disappointing forecast for the holiday period. ✔ Investors had been worried that trade-war tensions, macroeconomic issues and a freeze on new game approvals in China might impact consumer spending in the region ✔ The company fell short of expectations with its services business, which logged $9.98 billion in revenue compared with the $10.2 billion that analysts had been expecting ✔ We Want to Hear from You Join the conversation Comment


Wall Street notches three-day relief rally ahead of US jobs report

11/1/2018, 8:46:22 PM
undefined ✔ Telecommunications services, down 1.2 per cent, and utilities, down 0.5 per cent, were the only two segments in the red, according to Refinitiv data ✔ A stronger British pound, as the Bank of England signalled UK interest rates could rise at a faster pace in the event of a smooth Brexit, also hit the buck


US Justice Department charges Chinese company with trade secrets theft

11/1/2018, 8:53:52 PM
The charges are the latest in a series of indictments that accuse China of elaborate efforts to steal corporate secrets through espionage and hacking. ✔ The Justice Department said the companies could face fines of more than $US20 billion and the people accused could face 15 years in prison and $US5 million fines ✔ New York Times World Politics China USA Donald Trump Xi Jinping Most Viewed in World Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation


Trump, Xi upbeat on U.S.-China trade; U.S. targets more Chinese firms

11/1/2018, 9:31:13 PM
U.S. President Donald Trump and Chinese President Xi Jinping both expressed opti... ✔ But Trump struck a more affable tone on Twitter after the phone call with Xi ✔ Just had a long and very good conversation with President Xi Jinping of China ✔ relationship’s ups and downs over the past four decades of diplomatic ties ✔ Our Standards:The Thomson Reuters Trust Principles


Apple warns on holiday sales, sending value below $1 trillion

11/1/2018, 11:29:50 PM
Apple Inc on Thursday warned that sales for the crucial holiday quarter would li... ✔ Companies typically stop reporting metrics when the metrics are about to turn ✔ But the average selling price of iPhones was $793, well above analyst estimates of $750.78, according to FactSet ✔ The group is now charging close to $800 per phone, and while that’s helping revenues climb despite flat sales volumes, one has to wonder how the strategy to shimmy up the price ladder fares in a downturn ✔ Our Standards:The Thomson Reuters Trust Principles


8@eight: Markets keep November roll going

11/1/2018, 9:12:12 PM
What happened overnight and what's ahead for the ASX. ✔ Sponsored Business Markets 8@eight 8@eight: Markets keep November roll going This is sponsored content for IG By Kyle Rodda2 November 2018 7:59am Normal text sizeLarger text sizeVery large text size November has got off to a strong start after a horror October, with Wall Street making it three straight days of gains overnight ✔ The miners naturally benefitted from the results, which added to already strong daily gains thanks to the announcement of a special dividend and share buyback from BHP


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