Xi's dream of beating US backfires
11/9/2018, 4:39:07 PMBeijing hides seriousness of trade war from citizens ✔ And so the mascot of the Import Expo was a jumping, scarf-wearing panda, alongside the catchphrase New era, shared future ✔ A week earlier, on Oct. 24, Li had already presented a gloomy assessment of the Chinese economy, similar to the Politburo's, at a gathering of the All-China Federation of Trade Unions ✔ And China is now paying a high price for hastily baring its claws
China car sales poised for first annual drop in 28 years
11/9/2018, 5:55:04 PMTrade war dampens consumer confidence, leading to double-digit decline in October ✔ But an executive at an automaker estimates that the drop-off from this demand surge amounts to about 200,000 to 300,000 vehicles a month -- less than the decline in October -- which suggests that weaker consumer confidence also played a role ✔ And with the trade war and U.S. President Donald Trump's threats of additional auto duties further clouding the industry outlook, automakers will need to reconsider where to focus their efforts
China's Yang says trade talks can resolve U.S. dispute
11/9/2018, 6:44:08 PMChina's top diplomat Yang Jiechi on Friday told reporters that Beijing'... ✔ FILE PHOTO - Chinese State Councilor Yang Jiechi speaks during a meeting with South Korea's National Security Advisor Chung Eui-Yong (not pictured) and South Korean ambassador to China Noh Young-min (not pictured) at the Diaoyutai state guesthouse on March 12, 2018 in Beijing, China ✔ Our Standards:The Thomson Reuters Trust Principles
Top U.S., China Officials Discuss Trade, North Korea, South China Sea
11/9/2018, 7:15:14 PMSecretary of State Mike Pompeo and Defense Secretary Jim Mattis met Friday with their Chinese counterparts to discuss North Korea, Iran, the South China Sea and trade, reaching consensus on some issues and facing differences on others. ✔ The United States is not pursuing a Cold War or containment policy with China, rather we want to make sure ensure that China acts responsibly and fairly ✔ The two sides said they reinforced their commitment to complete denuclearization of the Korean Peninsula and discussed Iran’s nuclear activities
White House adviser Navarro to Wall Street: Stay out of U.S.-China...
11/9/2018, 6:28:07 PMWhite House adviser Peter Navarro on Friday lashed out at efforts by current and... ✔ In recent weeks, executives such as Blackstone Group (BX.N) Chief Executive Stephen Schwartzman and Henry Paulson, former U.S. Treasury Secretary and Goldman Sachs (GS.N) chairman, have met with officials on both sides to press for a resolution ✔ Unless these broader and deeper issues are addressed, we are in for a long winter in U.S.-China relations, Paulson told an economic forum ✔ Our Standards:The Thomson Reuters Trust Principles
Exclusive: Agribusiness giant ADM made buyout approach to...
11/9/2018, 5:00:02 PMTop U.S. grain merchant Archer Daniels Midland Co has approached Argentine soy c... ✔ ADM will seek to take advantage of its strong position by taking over a major Argentine crushing operation that is being squeezed by the trade war, another added ✔ (The online version of this story has been refiled to fix headline) Our Standards:The Thomson Reuters Trust Principles
Oil falls 1 percent ; U.S. crude set for longest losing streak...
11/9/2018, 6:09:19 PMOil prices fell about 1 percent on Friday as global supply increased and investo... ✔ Brent crude LCOc1 futures fell 59 cents to $70.06 a barrel, a 0.8 percent loss by 12:20 EST (1720 GMT) ✔ But other big producers have more than compensated for lost Iranian barrels ✔ GRAPHIC: Russian, U.S. & Saudi crude oil production - tmsnrt.rs/2CTwqaq Our Standards:The Thomson Reuters Trust Principles
In high-level talks, U.S. presses China to halt militarization of...
11/9/2018, 7:24:13 PMThe United States on Friday urged China to halt its militarization of the disput... ✔ REUTERS/Leah Millis During a round of high-level talks in Washington, the two sides aired many of their main geopolitical differences, including a bitter trade dispute, freedom of navigation in the Asia-Pacific region, self-ruled Taiwan, and China’s crackdown on its Muslim minority ✔ We have continued concerns about China’s activities and militarization in the South China Sea, Pompeo said following the talks ✔ We pressed China to live up to its past commitments in this area ✔ Our Standards:The Thomson Reuters Trust Principles
In Bullish Shift, Investors Start Buying Gold ETFs
11/9/2018, 5:51:20 PMAfter months of net selling, the funds increased their holdings of gold in October. A bullish shift? ✔ Text size Exchange-traded funds backed by gold increased their holdings by $1 billion in October, marking a possibly bullish shift in investor sentiment toward the precious metal ✔ Inflows into ETFs don’t necessarily suggest a rise in gold prices is ahead
Billion-dollar monthly boost in exchange-traded fund gold holdings offer ray of hope for downbeat metal
11/9/2018, 7:21:26 PMExchange-traded funds backed by gold increased their holdings by $1 billion in October, marking a possibly bullish shift in investor sentiment toward the precious metal. ✔ When ETFs hoard gold, it usually results in prices rising ✔ The changes in gold holdings matched moves in gold futures prices ✔ Saefong Myra Saefong is a MarketWatch reporter based in San Francisco ✔ We Want to Hear from You Join the conversation Comment
Trump trade adviser tells Wall St to butt out of China-US spat
11/9/2018, 7:09:18 PMundefined ✔ The White House’s top trade adviser has accused globalist billionaires of trying to pressure President Donald Trump into ending his tariff brinkmanship with China, saying their shuttle diplomacy to Beijing meant that any truce would have a stench around it ✔ Mr Trump has said that a deal with Mr Xi was possible at the G20 summit, raising hopes among investors and officials that a ceasefire could be in store at the summit to stave off any further escalation
Trump is telling people he wants to replace Commerce Secretary Wilbur Ross by the end of the year
11/9/2018, 7:57:24 PMLinda McMahon is favored by President Trump to replace Ross, sources said. He is also considering Ray Washburne, president and CEO of Overseas Private Investment Corporation, according to one source. ✔ Another official close to Ross noted that the president has never voiced any discontent about the Commerce secretary ✔ He clearly understands the value of small businesses, McMahon said of the 30 million small businesses in the U.S. CNBC's Ylan Mui and Lori Ann Larocco contributed to this report
Trump Tariffs Are Souring Longstanding Auto-Industry Ties
11/9/2018, 5:05:55 PMTariff-related costs are raising expenses and squeezing profits for big and small auto-industry players, and driving some companies to sue their partners. ✔ A free-trade deal for North America struck in October between the U.S., Canada and Mexico is likely to add more complexity, requiring auto makers to build a greater portion of a vehicle’s content in North America and with higher-wage workers to avoid trade tariffs
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