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Trade War - SERIES 348 {14 articles}

China’s response to slowing economy and trade war in charts

11/14/2018, 11:05:00 PM
undefined ✔ China’s economy was slowing even before the impact of the US trade war threatened Chinese exports ✔ Response: tax cuts China’s legislature has approved cuts to personal income taxes designed to spur consumption ✔ Participation by state banks, insurers and other institutions could eventually raise the size of this rescue fund to Rmb100bn


Mitsubishi UFJ Financial Group CEO says trade war, market volatility concerns for second half

11/14/2018, 9:50:37 PM
Mitsubishi UFJ Financial Group Inc (MUFG), Japan’s largest lender by assets, posted a lower quarterly profit and warned that the U.S.-China trade war as well as growing market volatility would pressure its performance in the second half. While MUFG raked in profits that were 200 billion yen ($1.75 billion) above… ✔ The bank’s quarterly results were partly dragged down by its markets division, which booked large gains a year ago from selling its Japanese government bond holdings ✔ Rival Mizuho Financial Group and Sumitomo Mitsui Financial Group are scheduled to announce their results on Wednesday


China sends written response to US trade reform demands

11/14/2018, 10:32:45 PM
Asia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on asia.nikkei.com ✔ U.S. President Donald Trump is expected to meet Chinese President Xi Jinping when the Group of 20 industrialized nations gathers in Argentina later this month ✔ The United States has said it would not start negotiations on trade until it saw a concrete response from China to its demands


Conservative groups urge Trump, Chinese president to stop tariff war

11/14/2018, 4:08:38 PM
Leaders of conservative groups affiliated with billionaire industrialist Charles Koch are urging President Trump and Chinese President Xi Jinping to reach an agreement to eliminate tariffs as the leaders prepare to meet at a summit later this month. ✔ White House economic adviser Larry Kudlow said the administration has restarted trade negotiations with Beijing ✔ China should work with the United States to further open markets and lower barriers to trade by adopting reasonable measures to end intellectual property theft and forced technology transfers, and curtail state-owned enterprises


Exclusive: China sends written response to U.S. trade reform...

11/14/2018, 11:23:11 PM
China has delivered a written response to U.S. demands for wide-ranging trade re... ✔ It was unclear if the response contained concessions that would satisfy Trump’s demands for change ✔ A U.S. team led by Treasury Under Secretary David Malpass discussed trade issues with a Chinese team via videoconference on Tuesday, a U.S. Treasury spokesperson said on Wednesday ✔ Our Standards:The Thomson Reuters Trust Principles


Wall Street reverses gains as Apple pulls tech stocks lower

11/14/2018, 5:18:17 PM
U.S. stocks turned lower on Wednesday as Apple Inc led a decline in technology s... ✔ An escalating trade war between the United States and China, worries about rising interest rates and slowing corporate profits have stalled gains for U.S. stocks, with the S&P 500 trading about 7 percent below its record level ✔ Our Standards:The Thomson Reuters Trust Principles


Indian fund manager bets on beaten down mid-caps as economy revives

11/14/2018, 5:27:34 PM
Reliance Mutual Fund, one of India's largest fund houses, is betting on sel... ✔ Reliance Mutual Fund is India’s fourth-largest with assets of over 2.4 trillion rupees under management in equities and debt ✔ Follow Reuters Summits on Twitter @Reuters_Summits ($1 = 72.3050 Indian rupees) Our Standards:The Thomson Reuters Trust Principles


Macron hits back at Trump criticism: 'To be an ally is not to be a vassal'

11/14/2018, 9:41:10 PM
Emmanuel Macron, the French president, on Wednesday hit back at Donald Trump's fierce Twitter attack on his call for a "real European army" by saying: ✔ Emmanuel Macron, the French president, on Wednesday hit back at Donald Trump's fierce Twitter attack on his call for a real European army by saying: To be an ally is not to be a vassal ✔ I want us to be autonomous, in the fields of surveillance, cyber attacks, and all aspects of our army


Tencent reboots profits as growth picks up beyond games

11/14/2018, 10:01:06 PM
Earnings beat market expectations, but stricter online ad regulations loom ✔ Gaming companies in China have suffered revenue slowdowns and scaled back their spending on ads ✔ Tencent itself recently cut the marketing budget for video games, according to media reports ✔ Nikkei staff writer Takashi Kawakami in Guangzhou contributed to this report


Tencent surprises on profit as non-gaming segments step up

11/14/2018, 6:57:22 PM
Earnings rise for first time in two quarters, but stricter ad rules loom ✔ Tencent itself recently cut the marketing budget for video games, according to media reports ✔ Last month, Chinese search engine company Baidu also warned that ad revenues are feeling the pain of China's trade war with the U.S. as well as Beijing's restrictions on gaming ✔ Nikkei staff writer Takashi Kawakami in Guangzhou contributed to this report


A BBC reporter replaced his Brexit analysis with exasperated noises and now he’s a hero

11/14/2018, 7:24:27 PM
"To be quite honest, looking at things right now, I haven’t got the foggiest idea what is going to happen in the coming weeks." ✔ Mr. Blobby is a polka-dot TV character who mostly runs around smashing things and shouting Blobby! And Mason once his morning spot hit the Internet became a media hero ✔ pic.twitter.com/ghegfeplvj David Mooney (@DavidMooney) November 13, 2018 Every time a U.S. colleague asks for the latest on Brexit I’m going to show them @ChrisMasonBBC’s honest and unimprovable analysis, declared NBC News editor Alastair Jamieson, speaking for many ✔ British police arrest David Schwimmer look-alike in theft case that went viral


Apple downgraded as analysts predict iPhone sales will decline

11/14/2018, 10:39:32 PM
Apple led a decline in technology stocks, offsetting early support from tame U.S. consumer prices data and a rebound in oil prices. The iPhone maker's shares fell 2 percent Wednesday. ✔ To check if Apple is throttling your phone, go to Settings > Battery > Battery Health ✔ Snap Inc fell 3 percent after Reuters reported that U.S. regulators have subpoenaed the social media app maker for information about its March 2017 initial public offering


Exclusive: China Inc's mounting stress - funding woes, shrinking...

11/14/2018, 11:23:57 PM
China Inc's profit growth has fallen sharply while debt levels have recorde... ✔ In addition to weaker demand and higher funding costs, they cited poor returns on financial investments, inventory build-up as well as downward pressure on product prices that was fuelling competition among firms ✔ Our Standards:The Thomson Reuters Trust Principles


How Mahathir can take advantage of the 1MDB scandal

11/14/2018, 10:14:14 PM
Malaysian leader should use affair to launch wider reforms and boost investor interest ✔ To this day, many believe Anwar's only crime was favoring the Western-style capitalism Mahathir is now embracing (Anwar is widely expected to replace Mahathir in a couple of years) ✔ He was given the 2018 prize for excellence in opinion writing by the Society of Publishers in Asia, for his work for the Nikkei Asian Review


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