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Trade War - SERIES 330 {12 articles}

Cargo trade routes are changing amid trade war, says SATS CEO

11/9/2018, 5:13:52 AM
A reconfiguration of trade routes is underway as the trade war between the U.S. and China spills over globally, a logistics industry executive said on Friday. ✔ Andrey Rudakov | Bloomberg | Getty Images Airport handlers unload freight from a Boeing 747-8F jet freighter operated by AirBridgeCargo ✔ Listed on the Singapore Exchange, SATS operates in over 60 locations and 13 countries across Asia and the Middle East ✔ Overall, Greater China would be the most sensitive to the trade fracas, said Hungate


Top Chinese tech investor says he's still optimistic about growth 

11/9/2018, 4:10:21 AM
"My sense is the digital economy is something unique to China," said Neil Shen, founding and managing partner of Sequoia Capital China. "I don't think it will be affected that much by a U.S.-China trade war." ✔ Nelson Ching | Bloomberg | Getty Images Neil Shen, founding partner of Sequoia Capital China ✔ Shen is also a co-founder of Chinese tourism booking site Ctrip.com ✔ Many worry China's burgeoning technology industry will be hit by a national economic slowdown ✔ I don't think it will be affected that much by a U.S.-China trade war


China car sales down 4th straight month

11/9/2018, 6:40:48 AM
The October drop follows an 11.6 percent fall in September and a 3.8 percent decline in August. ✔ That marks the fourth straight month of declining sales in the world's largest auto market ✔ The sales drop to 2.38 million vehicles comes amid broader slowing economic growth and a biting trade war between China and the United States, according to reuters


China car sales fall 11.7 percent in October, down fourth straight...

11/9/2018, 6:56:46 AM
China's automobile sales fell 11.7 percent in October from a year earlier, ... ✔ A surveillance camera is seen next to cars sitting on the roof of a car dealership in Yichang, Hubei province, China November 8, 2018 ✔ The industry body did not immediately give a reason for the drop in October, but last month cited the impact a sluggish economy and the trade war are having on sales ✔ Our Standards:The Thomson Reuters Trust Principles


China car market hits reverse as sales slide again

11/9/2018, 7:19:40 AM
China's automobile sales fell 11.7 percent in October from a year earlier, ... ✔ REUTERS/Stringer The drop, the steepest since a 26.4 percent tumble at the start of 2012, also marked the fourth straight month of declining sales in the world’s largest auto market ✔ The industry body said the drop was linked to sluggish consumer demand and the impact of a slowing economy ✔ In previous months CAAM also said that the trade war was impacting sales ✔ Our Standards:The Thomson Reuters Trust Principles


Southeast Asian central banks play defense against Fed tightening

11/9/2018, 7:08:17 AM
Indonesia and Singapore sealed currency deal and Thailand considers a rate hike ✔ After standing pat on Thursday, the Federal Reserve is widely expected to increase rates again in December as the U.S. job market goes from strength to strength ✔ At the last policy meeting, two of the central bank's seven board members pushed for a rate hike ✔ The region's central banks are expected to continue considering measures to maintain or defend their currencies


Exclusive: Agribusiness giant ADM made buyout approach to Argentina's

11/9/2018, 6:13:39 AM
Top U.S. grain merchant Archer Daniels Midland Co has approached Argentine soy c... ✔ An ADM-Molinos combination would be in line with recent consolidation of the sector which has wrestled with a global oversupply of grains and oilseeds ✔ The escalating trade war between the U.S. and China has reordered trade flows across the global grains sector, affecting companies like ADM, Bunge (BG.N), Cargill Inc [CARGIL.UL] and Louis Dreyfus Co [AKIRAU.UL], which together are known as the ABCDs and dominate the industry ✔ Our Standards:The Thomson Reuters Trust Principles


Asian markets drop as investors’ jitters return

11/9/2018, 4:21:34 AM
Declines deepened in Asian stock markets as the day progressed Friday. ✔ Meanwhile, internet heavyweight Tencent 0700, -3.95%   was off 4% after overnight weakness in the U.S. for its ADRs ✔ Energy stocks were down similarly as U.S. oil prices entered bear-market territory Thursday ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment


Dollar supported by hawkish Fed, yen bounces after hitting...

11/9/2018, 4:45:19 AM
The dollar gained versus the euro and sterling on Friday as the U.S. Federal Res... ✔ The dollar has gained 2.24 percent versus the yen over the last 10 trading sessions due to the diverging monetary policies of the Fed and the Bank of Japan ✔ While the Fed is on track to raise interest rates, the BOJ is expected to keep its ultra loose monetary policy due to low growth and inflation ✔ Our Standards:The Thomson Reuters Trust Principles


World's Largest Asset Manager: Dollar's Days as Global Reserve Currency Are Numbered

11/9/2018, 7:23:29 AM
In comments that sound eerily similar to a warning issued by Putin, who warned during a speech last month that the US risked undermining the dollar's reserve currency status with its sanctions regime, the CEO of the world's largest asset-management firm said Tuesday during a panel discussion at the New Economic Forum in Singapore that the US dollar's status as the world's dominant currency wouldn't last forever. ✔ The US will have a  supply problem  as the widening deficit requires more borrowing ✔ Of course, the decline of the dollar could be a good thing...for the rest of the world ✔ According to former World Bank Chief Economist Justin Yifu  the dominance of the greenback is the root cause of global financial and economic crises


Spenders or thrifters: As Singles' Day nears, are China's shoppers...

11/9/2018, 6:57:38 AM
China is gearing up for the biggest shopping event of the year on Sunday, a day ... ✔ A range of consumer indexes, including from the Organisation for Economic Co-operation and Development (OECD) and brokerage Jefferies, have shown a drop off in confidence this year as credit conditions and trade tensions have hardened ✔ (China smartphone sales on hold: tmsnrt.rs/2PdBGNw) ($1 = 6.9466 Chinese yuan renminbi) Our Standards:The Thomson Reuters Trust Principles


How Mattis is trying to keep U.S.-China tensions from boiling over

11/9/2018, 6:12:46 AM
When the United States imposed sanctions on China's military this fall, Chi... ✔ We are doing things that are frankly more aggressive, and the Chinese are pushing back harder than they ever have before, Thornton said ✔ Schriver acknowledged that it was hard to predict how resilient U.S.-Chinese military ties would be in an actual crisis ✔ Our Standards:The Thomson Reuters Trust Principles


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