Maersk warns trade war hit container shipping
11/14/2018, 8:29:05 AMMaersk said the effect of trade tensions could reduce global container trade between 0.5 and 2 percent during 2019 and 2020. ✔ Balint Porneczi | Bloomberg | Getty Images A crane loads a shipping container branded A.P ✔ The company narrowed its expectation for full-year earnings before interest, tax, depreciation and amortisation (EBITDA) to $3.6 billion to $4.0 billion from $3.5 billion to $4.2 billion previously ✔ The former conglomerate is restructuring to focus entirely on transport and logistics and plans to step up competition with delivery companies UPS and Fedex
Danish shipper: US-China trade war hits container trade
11/14/2018, 11:49:24 AMHELSINKI (AP) — Danish shipping group A.P. Moller-Maersk is warning that trade tensions between the United States and China could weigh on business. The company said a brewing trade war between the two had created uncertainty and could "reduce global container trade by 0.5 to 2.0 percent during 2019-2020". Maersk's share price was down 1 percent in afternoon trading in Copenhagen.
Japan's economy faces rising risks from U.S.-China trade war: poll
11/14/2018, 6:41:23 AMJapan’s economy, which likely shrank in the third quarter, is set to grow more slowly in the coming year than previously thought, according to a Reuters poll of economists who cited the U.S.-China trade war as the biggest threat. Nearly all economists, 33 of 36, said downside risks to Japan’s… ✔ It is forecast to rise at the same pace - excluding effects of the scheduled sales tax hike - next fiscal year too ✔ Other big carriers like KDDI Corp and SoftBank Group Corp could follow suit ✔ But we don’t think it will have an effect on consumer spending as people will be inclined to save money
Hong Kong's third-quarter GDP growth seen cooling as trade war,...
11/14/2018, 8:35:43 AMHong Kong's economic growth is expected to have moderated in the third quar... ✔ The economists did not provide quarterly estimates from the preceding quarter ✔ Uncertainty over a simmering trade dispute between Washington and Beijing has unnerved Hong Kong officials at a time when the city is already seeing signs of a broader slowdown and weaker consumer spending ✔ Our Standards:The Thomson Reuters Trust Principles
Citizens will pay the price of an escalating trade war: German...
11/14/2018, 10:21:57 AMEurope must do its utmost to avoid an escalating trade war with the United State... ✔ If we let trade relations become the hostage of politics, if we let the question of open markets become a topic of political conflict, then citizens will pay a damn high price, he told a Berlin business conference on Wednesday ✔ Our Standards:The Thomson Reuters Trust Principles
The world's biggest shipping company has proof that Trump's China tariffs are battering global trade
11/14/2018, 11:35:05 AMAP Moller-Maersk, the world's biggest operator of container ships, is once again sounding the alarm on President Donald Trump's trade war with China. ✔ Trade tariffs may end up stifling global container shipping by as much as 2% in the next two years ✔ The first thing the American importers would do if tariffs are put on Chinese consumer goods would be to buy in Vietnam, in Indonesia, or elsewhere in Asia, Skou said
'Insane' for UK and EU to harm border trade, McLaren CEO says
11/14/2018, 6:14:44 AMThe British sports car maker officially opens a new U.K. factory on Wednesday. ✔ The McLaren Composites Technology Centre (MCTC) has been completed thanks to a £50 million ($64.6 million) joint investment with Sheffield City Council ✔ The latest model to hit showrooms is the McLaren 600LT which is considered an entry-level model at £185,000 ($239,000)
'A.I. is not gonna replace people,' says Salesforce executive
11/14/2018, 8:29:04 AMArtificial intelligence will not be replacing people, but will make them "far more capable," according to Peter Schwartz of Salesforce. ✔ Artificial intelligence is an area where both countries are already competing fiercely to the point that some Silicon Valley investors have previously expressed concerns that China's tech sector will eat their lunch ✔ CNBC's Saheli Roy Choudhury contributed to this report
Dubai airport is on its way to receiving its 1 billionth passenger
11/14/2018, 7:49:30 AMBut as Dubai International Airport continues to grow, it faces an increasing infrastructure challenge, leading to capacity constraints, CEO Paul Griffiths told CNBC. ✔ So across the two airports, 146 million total airport capacity is a pretty impressive number and it will still give us the headroom for significant further growth here in Dubai, the CEO said ✔ Let's not forget that Dubai actually is the world's largest concentration of these new generation mega aircraft that are capable of serving virtually every point in the globe, he said
The current threat of a slowdown is not enough to change our outlook, ECB member says
11/14/2018, 11:23:54 AMConcerns over a potential slowdown in Europe are currently not great enough for the European Central Bank (ECB) to change any economic forecasts for the region, a key member of the bank told CNBC Wednesday. ✔ We've seen five years of consecutive growth, over the last four years, growth has consistently exceeded potential growth, he said ✔ Knot reiterated that the ECB's plan was not a central commitment but an expectation, and the central bank itself has stated that it will remain dependent on incoming data
U.S. senators alarmed if China gets control of Djibouti port
11/14/2018, 4:48:11 AMWASHINGTON--Two prominent U.S. senators expressed alarm on Tuesday about the military and political ✔ A U.S. base located just miles away stages operations against Islamic State, al Qaeda and other militant groups ✔ Marine General Thomas Waldhauser, the top U.S. military officer for Africa, told a Congressional hearing earlier this year the U.S. military could face significant consequences if China took the port in Djibouti
VP Pence said to be gearing up for all-out Cold War with China unless it bows to all US demands
11/14/2018, 6:59:12 AMWashington expects Beijing to undertake a dramatic change in all of its policies to accommodate US demands and is prepared for prolonged hostilities if it does not, Vice President Mike Pence reportedly said. ✔ If Washington is not satisfied, there will be an all-out Cold War, according to Rogin ✔ It responded to US tariffs with its own protectionist measures and continues its multibillion-dollar One Belt investment program, which is meant to secure additional stable trade routes to its most important suppliers and customers ✔ Share it with a friend! Trends: China newsTrade War newsUS news
WW3 WARNING: US Vice President Pence threatens 'ALL-OUT' cold WAR with China
11/14/2018, 10:33:31 AMTHE US has threatened “all-out” cold war with China as relations between Washington and Beijing continue to rapidly deteriorate amid fears of a new global conflict. ✔ Mr Pence blasted: Trump is leaving the door open for a deal with Xi Jinping in Argentina, but only if Beijing is willing to make massive changes that the United States is demanding in its economic, military and political activities ✔ In late May Trump announced 25% tariffs on $50 billion worth of Chinese goods in a bid to fix the US trade deficit with China ✔ We will not tolerate a nation that reaps what it does not sow
Brexit Deal, German Economy, Car Wars: CEO Daily for November 14, 2018
11/14/2018, 11:23:31 AMMust-read business news, delivered every morning. ✔ The Commerce Department has been probing the issue since May, and has until February to deliver its report ✔ Bloomberg Shipping News In one of the more obvious impacts of Trump’s trade war, demand for container shipping is down ✔ Find previous editions here, and sign up for other Fortune newsletters here
Bank of Thailand holds key rate steady as exports and tourism slow
11/14/2018, 8:25:36 AMCentral bank keeps eyes on mortgage bubble; analysts see possible December hike ✔ The bank has held the overnight repo rate steady since April 2015 ✔ Four out of seven members of the bank's Monetary Policy Committee voted to maintain the current policy ✔ September arrivals were up 2% compared with the same month the previous year ✔ If the numbers improve, the Bank of Thailand will consider a rate increase more seriously
Congressional body calls for probes into US-China ties
11/14/2018, 11:06:26 AMundefined ✔ A US congressional commission has called for probes into economic and technological co-operation with China, intensifying a campaign to decouple the world’s two biggest economies for security reasons ✔ Supply chain risks, bilateral scientific collaboration and dual-use technology are at the heart of attempts by the Trump administration to strengthen oversight of bilateral economic ties
Asia's weakening economies, record supply threaten to create oil glut
11/14/2018, 5:03:46 AMOil traders' worries over record supplies arriving in Asia just as the outl... ✔ And in India, a plunging rupee has resulted in surging import costs, including for oil, stifling purchases in one of Asia’s biggest emerging markets ✔ (Brent curve in Sept vs Nov: tmsnrt.rs/2QALtKe) (This has been refiled to add dropped word in first paragraph.) Our Standards:The Thomson Reuters Trust Principles
U.S. measure to urge possible China sanctions over Xinjiang crackdown
11/14/2018, 8:53:32 AMU.S. lawmakers will introduce legislation on Wednesday urging a stronger respons... ✔ SENIOR AIDES MORE VOCAL Trump’s senior aides recently have become more vocal in their criticism of China’s treatment of its minority Muslims in Xinjiang, which has sparked an international outcry ✔ Any sanctions, however, would be a rare move on human rights grounds by the Trump administration against China, with which it is engaged in a bitter trade war ✔ Our Standards:The Thomson Reuters Trust Principles
Would-be buyers take heart as Hong Kong property market finally...
11/14/2018, 8:35:32 AMPotential homebuyers priced out of Hong Kong's stratospheric property marke... ✔ But the correction this time around is expected to be milder than in the last two financial crises ✔ Most home buyers are now expected to be able to withstand price falls of up to 60 percent following mortgage tightening measures from the banking regulator, one analyst said ✔ Our Standards:The Thomson Reuters Trust Principles
Will the tender cuddles of Trumpy Bear soften me to other Trumpist positions? | Van Badham
11/14/2018, 5:03:02 AMIs the ad tongue-in-cheek? It doesn’t matter when the lines between seriousness and lunacy have been erased ✔ The voiceover rumbles like the preview for a summer blockbuster, the visuals are dark clouds rolling across a menacing sky ✔ In July, Fox News claimed that a Connecticut official taking a knee to protest Trump was disrespectful to the flag ✔ Easy friendliness towards the sham democracy of modern Russia
장려상 Min Sung-jun (essay contest)
11/14/2018, 9:00:22 AMundefined ✔ This heavy reliance of two countries could be critical especially with the ongoing China-U.S trade dispute ✔ Excessive economic dependence on China giving them power to rule the roast should gradually be reduced ✔ To bequeath a strong, sustainable economy for our future generations, economic reformation is not a choice but a must
Fund managers place bets in Asia's oversold assets, such as...
11/14/2018, 11:08:18 AMAs contagion from worries over global growth and trade friction pushes Asian equ... ✔ GRAPHIC: Asia's current account balances, FX reserves - tmsnrt.rs/2ys7W4b Slowing growth and the U.S.-Sino trade war have dragged China’s stocks down 20 percent this year, and foreign holdings of Chinese equities has dropped ✔ Our Standards:The Thomson Reuters Trust Principles
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