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Trade War - SERIES 353 {11 articles}

Hong Kong Q3 GDP grows 2.9%, outlook clouded by trade war

11/16/2018, 9:53:55 AM
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 ✔ HONG KONG (Reuters) -- Hong Kong's economy grew 2.9 percent in the third quarter from a year earlier, the government said on Friday, boosted by steady consumer spending, but the outlook for the city is overshadowed by trade tensions between Washington and Beijing


Hong Kong's growth cools; outlook clouded by trade war, rate hikes

11/16/2018, 8:58:10 AM
Hong Kong's economic growth slowed further in the third quarter and is expe... ✔ Standard Chartered has lowered its 2019 GDP growth forecast to 3 percent from 3.4 percent ✔ The economy expanded 0.1 percent in the third quarter from the previous three months, on a seasonally-adjusted basis, compared with 0.2 percent growth in the second quarter ✔ Our Standards:The Thomson Reuters Trust Principles


A top economist warns Trump's China trade war is doing more damage to the US economy than people think

11/16/2018, 10:46:07 AM
Trump's trade war is already wiping out small American manufacturing and will do more damage to the US economy than most are expecting, says UBS. ✔ They will also lead to the collapse of many small manufacturing firms, which have wafer thin margins, and will not be able to adapt to rising prices ✔ The impact is likely to be so acute that many new manufacturers are likely to go out of business ✔ UBS forecasts that annualized growth in the second quarter of 2019 will be around 2.7%


Credit Suisse sees investment opportunities in China, Singapore and Indonesia

11/16/2018, 9:42:09 AM
Suresh Tantia, an investment strategist at Credit Suisse, says "prices have moved far ahead of fundamentals" in the Asian markets. ✔ Our view has been that President Xi and President Trump will agree on some kind of framework under which they will hold the negotiation and this agreement could come at G-20, he said, referring to the expected meeting between the two leaders in Argentina


French finance minister flags new cold war risk over trade

11/16/2018, 9:05:02 AM
The world faces a new cold war over trade triggered by tensions between China an... ✔ FILE PHOTO: French Economy Minister Bruno Le Maire attends the 2018 Women's Forum Global Meeting in Paris, France, November 15, 2018 ✔ This open war in trade will be an economic suicide for the whole world ✔ Our Standards:The Thomson Reuters Trust Principles


Singapore exports weather headwinds, beat growth expectations

11/16/2018, 8:42:46 AM
Demand from China plunges again in October ✔ Maybank Kim Eng said the strong growth in pharmaceuticals this year was due to the opening of new manufacturing sites in Singapore such as American drugmaker AbbVie's biologics facility as well as the ramp up of production by the U.S.'s Amgen and Switzerland's Novartis


Chipmaker Woes, Menthol Assault, PG&E Probe: CEO Daily for November 16, 2018

11/16/2018, 10:54:04 AM
Must-read business news, delivered every morning. ✔ Those conversations inevitably turn to the importance of time horizon ✔ Regulators want to know more about safety and accountability practices at PG&E ✔ Wall Street Journal Huawei Ambitions China’s Huawei is hoping to become the biggest phone manufacturer in the world by 2020 ✔ Find previous editions here, and sign up for other Fortune newsletters here


EU executive poised to propose tariffs on Chinese e-bikes

11/16/2018, 11:14:20 AM
The European Commission is set to propose final duties to curb cheap imports of ... ✔ REUTERS/Stefano Rellandini The Commission, which is investigating on behalf of the 28 EU members, believes that definitive or final tariffs of between 18.8 and 79.3 percent should apply for all e-bikes coming from China, according to a disclosure document seen by Reuters ✔ Interested parties have until Nov. 26 to comment on the Commission’s plans ✔ The Commission found Chinese exports of e-bikes to the European Union more than tripled from 2014 until September 2017 ✔ Our Standards:The Thomson Reuters Trust Principles


Thailand third-quarter growth seen slowing as tourism, exports cool

11/16/2018, 8:21:57 AM
Thailand's economic growth in July-September is expected to have slowed fro... ✔ Political campaign spending leading up to a general election, which needs to be held by May, should give a short-term boost to growth through campaign-related activity and rural spending, he said ✔ The median forecast in the poll for full-year growth in 2018 was 4.5 percent and was 4.2 percent for 2019 ✔ Our Standards:The Thomson Reuters Trust Principles


Tencent earnings and developers push Hong Kong to weekly gain

11/16/2018, 11:24:17 AM
Energy shares underperform as crude oil prices sink deeper into bear market ✔ Still, markets are looking ahead to the G-20 summit later this month amid hopes that U.S. President Donald Trump and his Chinese counterpart Xi Jinping will be able to reach an agreement that eases tensions ✔ 30 to more than triple on year to HK$18 million ($2.29 million)


Weak credit growth raises odds of first China rate cut in years

11/16/2018, 9:05:33 AM
China's stubbornly weak credit growth has spurred talk of its first cut in ... ✔ REUTERS/Petar Kujundzic/File Photo While the People’s Bank of China (PBOC) has already slashed banks’ reserve requirements four times this year and pushed money market rates lower, analysts are now wondering if policymakers are considering wheeling out bigger guns ✔ The trouble with cutting rates is related to the exchange rate ✔ They are trying to stabilize it, said a second policy adviser ✔ Our Standards:The Thomson Reuters Trust Principles


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