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Trade War - SERIES 331 {19 articles}

Why China’s business innovation can survive the trade war

11/9/2018, 1:22:11 PM
undefined ✔ The billionaire community in China is morphing into an altogether different beast ✔ Secondly, the new cohort of Chinese billionaires has been forged out of a fierce entrepreneurial spirit ✔ Yet the structural transition of its economy towards urbanisation and a catch-up in productivity due to technology will continue to offer fertile ground for young and hungry entrepreneurs


Forget the trade war, China's economy has other big problems

11/9/2018, 12:36:42 PM
China is riding out the trade war so far but its economic troubles run deep and could escalate rapidly if US tariffs really start to bite. ✔ Amid sharp declines in 2015 and 2016, vast sums of money flooded out of China as investors bet the yuan would keep falling ✔ It is only a matter of time before the market cools, Yao added ✔ This will add another layer of pressure, they wrote in a note to clients last month ✔ Old, indebted economies don't grow, he said


China's export boom is a worrying signal that Trump's trade war is going to get worse

11/9/2018, 10:59:35 AM
Chinese exports have risen this year as the country looks to get as many goods as possible off its shores before steeper tariffs come in January. ✔ But hopes of a new trade deal between the countries have dampened on the back of negative rhetoric ✔ The benchmark Shanghai Composite Index and Hong Kong's Hang Seng Index both closed down more than 1.4% on Friday, hurt by trade war fears, among a slowing Chinese economy and other concerns


Dow Drops 133 Points Because the Election Didn’t Change a Thing

11/9/2018, 12:18:17 PM
The midterms are over, but markets still have to contend with a hawkish Fed and a continuing trade war. ✔ In its policy statement Thursday, the Fed didn’t do anything surprising, but that may be part of the problem ✔ In a normal world, the Fed’s rate increases would be digested, and we’d all go on with our lives ✔ But with the trade war looming over everything and the U.S. running a massive deficit late in the economic cycle, there are just too many other that can’t be ignored


Just a growth wobble or the beginning of the end?

11/9/2018, 3:39:19 PM
Two of the world's biggest economies probably shrank last quarter, further ... ✔ Economists attribute the hiccup to the auto industry’s difficulty in adjusting to new emissions testing regulations, which help up production for months ✔ They say that growth will resume once the bottleneck is cleared, which is expected late this year ✔ Our Standards:The Thomson Reuters Trust Principles


Futures lower as global growth worries seep in

11/9/2018, 12:45:18 PM
U.S. stock index futures fell on Friday, as a batch of weak Chinese data raised ... ✔ Their policy statement signaled more rate hikes on the way with the next one expected in December, their fourth this year ✔ Some traders had speculated the Fed may tone down its rhetoric to calm financial markets that were roiled in October, partly on worries about rising interest rates ✔ Our Standards:The Thomson Reuters Trust Principles


China car market on verge of rare annual contraction after October...

11/9/2018, 10:39:27 AM
China's automobile sales fell 11.7 percent in October, bringing the world&#... ✔ 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 ✔ - tmsnrt.rs/2QvcK0J Our Standards:The Thomson Reuters Trust Principles


Global growth worries set to weigh on Wall Street at open

11/9/2018, 2:13:30 PM
U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese d... ✔ But their policy statement signaled more rate hikes on the way with the next one expected in December, their fourth this year ✔ Data on Friday showed U.S. producer prices rose more than expected in October and at their fastest pace in six years, fueled by a jump in costs for energy and trade services ✔ Our Standards:The Thomson Reuters Trust Principles


And now for something completely different: Chinese robot news readers

11/9/2018, 11:34:44 AM
Chinese news readers may have some new competition - artificially intelligent ro... ✔ This year’s iteration, however, which opened on Wednesday, was more muted and has a less glitzy global line-up, even as battle lines for control of the web have hardened amid a biting trade war between China and the United States ✔ Our Standards:The Thomson Reuters Trust Principles


China's choreographed trade expo more 'theater' than deal clincher

11/9/2018, 9:07:40 AM
German car maker Volkswagen AG signed what looked like a meaty deal with one of ... ✔ ACTORS AND OLD DEALS Many of the deals touted at the fair, like Volkswagen’s, appeared to be either business agreements that would not ordinarily warrant publicity, or the announcement of previously agreed contracts, according to executives ✔ Our Standards:The Thomson Reuters Trust Principles


10 things you need to know before the opening bell (SPX, SPY, DIA, QQQ, GS, DIS, DBX) | Markets Insider

11/9/2018, 12:52:41 PM
undefined ✔ The Fed holds, expects to keep hiking rates gradually ✔ There is no evidence Blankfein knew that the Malaysian businessman Jho Low, who has been implicated in a money-laundering scandal tied to the fund, would be attending the meeting ✔ PPI will be released at 8:30 a.m. ET while wholesale inventories and University of Michigan consumer confidence cross the wires at 10 a.m. ET


Dollar climbs towards 16-month high, Fed rate hikes on track

11/9/2018, 3:39:21 PM
The U.S. dollar rose towards a 16-month high against the euro on Friday after th... ✔ In Japan, where interest rates are expected to stay extremely low, the yen is near a five-week low against the dollar, last at 113.84 yen, and has fallen 1.7 percent over the last 10 trading sessions ✔ The dollar index, which tracks the currency against six major peers, traded as high as 96.916 on Friday, not far from a 16-month peak of 97.2 touched on Oct. 31 ✔ Our Standards:The Thomson Reuters Trust Principles


10 things you need to know before the opening bell

11/9/2018, 12:21:43 PM
This is what traders are talking about. ✔ Riders perform during a freestyle motocross show at the EICMA exhibition motorcycle fair in Milan, Italy ✔ There is no evidence Blankfein knew that the Malaysian businessman Jho Low, who has been implicated in a money laundering scandal tied to the fund, would be attending the meeting


In China, response to pledged share meltdown stirs concern

11/9/2018, 8:05:10 AM
Scores of Chinese brokers and banks are struggling under the weight of hundreds ... ✔ That is in line with government calls for financial institutions to tolerate more risks when a private borrower runs into temporary funding trouble ✔ But Yale Zhang, head of Shanghai-based consultancy Automotive Foresight, doubts Pang Da’s headache is temporary ✔ Our Standards:The Thomson Reuters Trust Principles


Wall Street drops on China concerns, oil slide

11/9/2018, 3:26:42 PM
U.S. stocks fell on Friday, with shares of technology, energy and industrial com... ✔ Data on Friday showed U.S. producer prices rose more than expected in October and at their fastest pace in six years, fueled by a jump in costs for energy and trade services ✔ Declining issues outnumbered advancers for a 2.51-to-1 ratio on the NYSE and for a 2.50-to-1 ratio on the Nasdaq ✔ Our Standards:The Thomson Reuters Trust Principles


Single’s Day: China’s $25 billion shopping festival explained

11/9/2018, 3:17:24 PM
This Sunday is November 11, an auspicious date within the Chinese tech community because it marks Single’s Day, the world’s largest online shopping day. This year is particularly poignant since it will be the tenth edition of the annual event — also known as Double Eleven — … ✔ Year-over-year growth in gross merchandise volume slid from just under 65 percent in 2014 to around 40 percent in 2017 ✔ This year’s 11.11 event is Alibaba’s tenth and the final one before Jack Ma’s retirement from the company (Image via VCG/Getty Images)


Oil price rise means Iran will NOT be affected by Trump’s sanctions, expert says

11/9/2018, 9:41:42 AM
Iran is likely to ride out the storm from U.S. oil sanctions, suffering recession but no economic meltdown, thanks to rising crude prices and deepening divisions between the United States and other major powers, officials and analysts say. ✔ IHS Markit senior economist Patrick Schneider doubted that Iran could cushion the economic blow in the near term ✔ While ordinary Iranians struggled, Iran's clerical and security establishment and business world sought kept the economy running by means including resorting to barter as well as foreign currencies other than the U.S. dollar


The dark side of midterms that may stop the S&P 500 from busting through its ‘ceiling’

11/9/2018, 12:35:31 PM
Our call of the day says there’s a side to the midterms that history tells us is not so good for stocks. Will it be different this time? ✔ While China exports have been boosted by the trade war, there are some red flags highlighted in the below chart weakness for Korea’s Kospi SEU, -0.31%  , casino stock Wynn Resorts WYNN, -13.13%  Caterpillar CAT, -2.75%  and property developer China Evergrande 3333, -1.79%


Analysis | The Finance 202: Voters send mixed messages on Wall Street regulation

11/9/2018, 2:18:41 PM
Candidates who railed against big banks -- and ones the industry supported -- both lost. ✔ It’s something of a placeholder ahead of a planned meeting at the end of the month between President Donald Trump and China’s President Xi Jinping at a Group of 20 summit in Argentina ✔ And he does: Dutch 69-year-old asks court to change his age to 49:


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