Asian shares jump as investors see trade war progress
11/2/2018, 3:40:35 AMAsian shares jumped on Friday after a phone call between the U.S. and Chinese pr... ✔ Combined with the prospects of more economic stimulus from China and reasonable valuations in Asian equities, investors could use this opportunity to reload on emerging market and Asia assets, he said ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles
China stocks jump as presidential call signals thaw in trade war
11/2/2018, 3:26:10 AMundefined ✔ Friday 02.15 GMT What you need to know Chinese stocks jump following Trump-Xi call Renminbi remains near two-week high Oil prices nudge lower Hot topic US President Donald Trump said he had a long and very good conversation with his Chinese counterpart Xi Jinping on Thursday, and said trade discussions were moving along nicely ✔ Overnight on Wall Street, the S&P 500 ended 1.6 per cent higher while the Nasdaq Composite gained 1.5 per cent
Many U.S. firms in China eyeing relocation as trade war bites
11/2/2018, 3:09:28 AMMore than 70 percent of U.S. firms operating in southern China are considering delaying further investment there and moving some or all of their manufacturing to other countries as the trade war bites into profits, a business survey shows. U.S. companies operating in China believe they are suffering more from… ✔ That prompted Beijing to retaliate with additional tariffs on $60 billion of U.S. products, escalating a tariff war between the world's two largest economies ✔ Guangdong, China's biggest province by gross domestic product, reported a drop in exports in the first eight months from a year earlier
Asian shares rise as Trump, Xi lift hopes on resolving trade row
11/2/2018, 1:32:25 AMAsian equity markets rose on Friday as China and the United States expressed opt... ✔ That came after manufacturing surveys showed factory activity and export orders weakening across Asia as the impact of the trade war deepened ✔ Adding to the anxiety, Apple Inc (AAPL.O) on Thursday warned that sales for the holiday quarter would likely miss Wall Street expectations due to macroeconomic weakness in emerging markets including Brazil, Russia, India and Turkey ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles
US indicts Chinese, Taiwanese firms for trade espionage
11/2/2018, 12:47:07 AMTwo companies and three individuals are alleged to have conspired to steal computing technology China does not possess. ✔ The indictment alleges China was interested in gaining access to dynamic random-access memory, or DRAM, a type of technology it did not possess ✔ Earlier this week, prosecutors announced an indictment against 10 defendants, including two Chinese intelligence officers, hackers and co-conspirators, who are accused of breaking into American company computers to steal data on a turbo fan engine used in commercial jetliners
Justice Department Charges Chinese-Controlled Firm With Semiconductor Trade Secret Theft From Micron Technologies
11/2/2018, 12:55:01 AMThe feds say that case involves DRAM memory chip secrets worth nearly $9 billion. ✔ UMC in turn transferred the technology to Fujian Jinhua, a government-controlled company in mainland China ✔ Underscoring the indictment and the announcement of the initiative were the presence of Attorney General Jeff Session, FBI Director Christopher Wray, and an array of other officials from the DOJ and FBI
Dollar sags as safe havens fade on improved confidence, pound stands tall
11/2/2018, 3:18:56 AMThe dollar dipped against its peers on Friday amid a broad rally in global stock markets. ✔ The dollar was higher against its major peers earlier this week, with the euro dogged by a lackluster European economic outlook and a cautious-sounding Bank of Japan lending little support to the yen ✔ Worries about Chinese economic growth and the ongoing trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek
Dollar sags as safe havens fade on improved confidence, pound...
11/2/2018, 1:16:24 AMThe dollar sagged against its peers on Friday, pulling away from a 16-month peak... ✔ The greenback, however, pulled back from the 16-month peak as the pound surged on Thursday following reports that London is close to sealing a financial services deal with Brussels, and as the BoE kept interest rates steady but hinted future interest rate rises would be slightly faster if Brexit goes smoothly
Euro rebound still on cards but conviction starting to waver -...
11/2/2018, 12:25:55 AMEconomic and political turbulence in the euro zone will keep the euro under pres... ✔ (For a graphic on 'risk to 3-month EUR/USD' click tmsnrt.rs/2RnI3un?eikon=true) After the euro hit a 13-month low of $1.1297 in August, respondents were asked in October how low the single currency would go in the current quarter ✔ [ECILT/US] Our Standards:The Thomson Reuters Trust Principles
Apple predicts record holiday sales, but that isn’t enough to save stock
11/2/2018, 12:54:35 AMApple Inc. revealed a blockbuster September quarter Thursday and predicted record revenue for the holiday season. That wasn’t good enough for investors, though. ✔ Chief Executive Tim Cook clarified during the question-and-answer portion of the call that the emerging markets referenced there are countries like Brazil, Turkey, and India, and Russia, where currencies have weakened ✔ We Want to Hear from You Join the conversation Comment
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