TRADE WAR: Juncker admits RELIEF at Trump's pullback on car tariffs - 'Thank goodness!'
11/13/2018, 9:40:40 AMJEAN-CLAUDE Juncker revealed how relieved he was when he agreed on the terms of a truce with Donald Trump, putting on hold the feared trade war between Brussels and Washington. ✔ Two days later, Mr Juncker announced the possibility of introducing retaliatory measures against US products, including Kentucky bourbon, Levi jeans and iconic Harley-Davidson vehicles ✔ German carmakers sold 1.35 million vehicles in the US in 2017 - about eight percent of the total car sales in the country
One of China's most senior officials is going to the US to try and diffuse Trump's trade war
11/13/2018, 10:14:23 AMTrade relations between the US and China appear to be thawing ahead of a meeting between Trump and his counterpart Xi Jinping. ✔ Read more: Trump's top trade adviser just warned Goldman Sachs and Wall Street not to leave their 'stench' on the US-China trade war talks At present, both countries economic teams are having contacts about putting into effect the consensus of the two countries leaders, Assistant Commerce Minister Li Chenggang told reporters earlier this month
'With Trump, you can't predict anything': Malaysian prime minister
11/13/2018, 11:06:01 AMMalaysian Prime Minister Mahathir Mohamad says other members of the U.S. government will not continue with this "very destructive" trade war if U.S. President Donald Trump is not re-elected. ✔ To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser ✔ 'With Trump, you can't predict anything': Malaysian prime minister 12 Hours Ago Malaysian Prime Minister Mahathir Mohamad says other members of the U.S. government will not continue with this very destructive trade war if U.S. President Donald Trump is not re-elected
European shares recover after U.S. tech rout; dollar gains
11/13/2018, 10:18:04 AMEuropean shares recovered on Tuesday after feeling the strain of a tech rout on ... ✔ The Federal Reserve is expected to tighten policy further in December ✔ A growing rift over Italy's budget has hit the euro recently but the currency drifted up from a 16-month low to $1.1234 EUR=EBS, up 0.1 percent ✔ Its refusal so far to cut the draft deficit sets the stage for a collision with Brussels ✔ Our Standards:The Thomson Reuters Trust Principles
No ‘speedy recovery’ for weak German economy — ZEW
11/13/2018, 10:57:33 AMundefined ✔ But the headline indicator of economic sentiment improved marginally by 0.6 points and now stands at -24.1, above the -25 expected by economists polled by Thomson Reuters ✔ Although the fall looks ugly, said Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics, we are inclined to ignore that as long as expectations are firming
Warnings of a 'domino effect' of protectionism as Asian leaders meet
11/13/2018, 11:51:55 AMAsian leaders gathered for a summit on Tuesday amid warnings that the post-World... ✔ Returning to the theme as the leaders sat down to dinner, he said: Countries are becoming insular, retreating from multilateralism and globalization, which has been the cornerstone of ASEAN peace and stability ✔ Our Standards:The Thomson Reuters Trust Principles
Malaysia warns of 'domino effect' from U.S.-China trade tensions
11/13/2018, 10:31:50 AMTrade tensions between the United States and China will trigger a "domino e... ✔ China’s Li is expected to rally support at the Singapore meetings for the Regional Comprehensive Economic Partnership (RCEP), a free trade pact that will encompass more than a third of the world’s GDP ✔ Our Standards:The Thomson Reuters Trust Principles
‘America First’ Is a Good Idea, Sadly There Is Very Little of It in Evidence
11/13/2018, 10:49:19 AMAs we near the halfway point of President Donald Trump’s first term, U.S. foreign policy is being widely portrayed as off the rails. Yet when one looks past the Trumpian bluster, the predetermined media narrative, and the serial incompetence of an understaffed and often inexperienced administration, one finds a foreign policy agenda that differs far more in style than in substance from its predecessors’. ✔ U.S. sanctions on Iran are damaging relations with a host of other nations by restricting their trade, even as the president extolled the primacy of sovereignty at the United Nations General Assembly in September ✔ So those who believe in foreign policy realism and restraint are left with the worst of both worlds: a presidency that espouses an America First agenda but then proceeds to sabotage support for these policies through reckless rhetoric, incompetent implementation, and a refusal to carry out anything approaching a thoughtful, non-interventionist strategy
The Stock Market Fluctuations Tell Us Just How Much Is Riding on U.S.-China Trade Talks
11/13/2018, 11:49:55 AMThe Dow lost 600 points in a selloff Monday. ✔ However, the Chinese markets rose again in the afternoon on the news that the U.S. and China have resumed trade talks ✔ Consider this latest stumble a taste of what is to come if Washington and Beijing can’t find a solution to their spat ✔ A version of this story first appeared in Fortune’s CEO Daily newsletter
China’s Li: Talks on S. China Sea code should end in 3 years
11/13/2018, 8:12:41 AMSINGAPORE--China's Premier Li Keqiang said on Tuesday that Beijing hoped a consultation with Southea ✔ For years, they have been discussing a pact to prevent an escalation of disputes ✔ He is in Singapore to attending annual meetings between ASEAN and its partner nations ✔ Last week, U.S. Secretary of State Mike Pompeo and Defense Secretary Jim Mattis urged their Chinese counterparts to halt militarization of the South China Sea, drawing a rebuke from the Chinese for sending U.S. warships close to islands claimed by Beijing
Asian stocks rise on China markets, Tencent
11/13/2018, 11:44:14 AMCNOOC, PetroChina fall on oil retreat, while Coal India rises on earnings ✔ With global equities continuing to trend lower, it paints a much less compelling picture for those looking to bargain hunt and pick up some arguably undervalued pockets in the Asia equity basket ✔ Tata Steel, also due to report quarterly earnings on Tuesday, rose 1.1%
10 things you need to know before the opening bell
11/13/2018, 11:55:58 AMThis is what traders are talking about. ✔ A firefighter battles a fire along the Ronald Reagan Freeway, aka state Highway 118, in Simi Valley, California ✔ Creditors urge Sears to shut down all of its stores ✔ Japan's Nikkei (-2.06%) was hit hard in Asia and Germany's DAX (+0.64%) leads the gains in Europe
Pence, Abe agree on North Korea sanctions, new trade talks
11/13/2018, 8:47:23 AMPence said the U.S.-Japan alliance is a “cornerstone” of the region’s peace and prosperity and said Japan is not only an ally but a friend, but it needs to do more to reduce the bilateral trade imbalance. ✔ Japan has faced demands that it reduce its trade surplus with the U.S. and is also concerned about the impact of Trump’s trade war with China ✔ Pence said the U.S. wants a relationship with China based on fairness and reciprocity, and that Japan and the U.S. will continue to cooperate closely to deal with China’s increased influence in the region
As US Soybeans to China Plunge, Russian Farmers Picking Up the Slack
11/13/2018, 9:22:47 AMAs was widely expected, China's decision to slap 25% tariffs on US soybeans has caused orders from Chinese importers to slow to a trickle as Chinese companies are slowly finding other markets to source the crops, which are typically ground into protein meal to feed China's massive population. And in addition to Brazil, which has seen exports to China rise as it surpasses the US as the world's largest producer of soybeans, Russia's nascent soybean industry is undergoing a boomlet at the expense of American producers. ✔ The latest federal data, through mid-October, shows American soybean sales to China have declined by 94 percent from last year’s harvest ✔ Yet while the harm being done to farmers, a key constituent of Trump's base, could undermine his prospects of winning a second term in 2020, we wouldn't be surprised to hear some of his Russia-obsessed critics cite this as just one more example of how President Trump is putting Russia's interests above the US's
HQ2 Result, Goldman Tumble, Khashoggi Blame: CEO Daily for November 13, 2018
11/13/2018, 10:53:16 AMMust-read business news, delivered every morning. ✔ Goldman’s former Southeast Asia chair, Tim Leissner, admitted to bribing officials to get the privilege of handling $6.5 billion in fundraising deals, and Malaysia wants a refund for the $600 million in fees that Goldman took ✔ Find previous editions here, and sign up for other Fortune newsletters here
ASEAN must respond boldly to growing US-China competition
11/13/2018, 9:44:13 AMIt should advance own Indo-Pacific concept or see Washington or Beijing take the lead ✔ Third, this raises the question of what the content of such an ASEAN concept of the Indo-Pacific might be ✔ © Reuters Kevin Rudd was Australia's prime minister (2007-2010, 2013) and foreign minister ✔ This article is based on an address delivered to the Foreign Policy Community of Indonesia in Jakarta on Nov. 8
Analysis | Trump’s itchy Twitter finger: His latest false claims
11/13/2018, 8:34:06 AMThe president's Twitter feed is often inaccurate, but he has topped himself in recent days with tweets on forest fires, elections and stocks. ✔ An honest vote count is no longer possible-ballots massively infected ✔ Four Pinocchios Pinocchios (About our rating scale) Send us facts to check by filling out this form Sign up for The Fact Checker weekly newsletter The Fact Checker is a verified signatory to the International Fact-Checking Network code of principles
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