Trade war pokes holes in Japan's cardboard market
11/16/2018, 4:45:04 PMAs China snaps up used paper, box makers fret over future supplies ✔ These moves have fueled demand in China for Japanese used paper ✔ An executive at a major online shopping company said the company is switching to alternative packaging ✔ Many companies are bracing for a squeeze, even as the year-end shopping season draws near
China probe raises shield for domestic precision tool makers
11/16/2018, 5:12:52 PMJapanese and Taiwanese industry leaders embroiled in trade war as US exports fall ✔ The dumping probe targets five Japanese makers -- Fanuc, Brother Industries, Okuma, Yamazaki Mazak and Jtekt -- as well as five Taiwanese ones, but the authorities are also asking a wider group of manufacturers from those regions to cooperate with the investigation, which is scheduled to end by October 2019
US sanctions on China may escalate to ‘commercial Cold War,’ French minister warns
11/16/2018, 4:42:56 PMThe ongoing trade conflict between Washington and Beijing may escalate into a full-fledged commercial cold war, French Finance Minister Bruno Le Maire warned during a World Trade Organization (WTO) conference. ✔ Face à cette situation, la bonne réponse est le nouveau multilatéralisme ✔ He also said a more just taxation system is needed to make competition between countries fairer ✔ Great discussion with Ministers @BrunoLeMaire and @JBLemoyne this morning about the importance of tackling current challenges in the trading system
‘Germany can’t accept being treated like an occupied country’ – Ex-Chancellor Schroeder
11/16/2018, 7:20:18 PMFormer German Chancellor Gerhard Schroeder didn’t mince his words about the incumbent US Ambassador to his country Richard Grenell, saying the US envoy’s treatment of the host country was insulting. ✔ He warned against demonizing Beijing and argued that Chinese investors were preferable for Europeans to the American locust – a term used by his party colleague Franz Muentefering to describe US financial firms ✔ Share it with a friend! Trends: Germany newsTrade War news
Oil’s slide hands junk bond ETFs their biggest weekly drop since February
11/16/2018, 7:26:59 PMundefined ✔ The tumbling price of crude oil in the past fortnight has put two of the biggest junk bond exchange traded funds on track for their worst weekly performances in nine months ✔ At lunchtime in New York on Friday, the $8bn SPDR Bloomberg Barclays high yield bond ETF had fallen 1.6 per cent for the week
Investors eye holiday sales for market salve
11/16/2018, 6:06:57 PMInvestors will get a glimpse of consumer health next week as the holiday shoppin... ✔ Still, that number is trending downward from the previous two quarters and is slightly below the year-ago result of 3.1 percent ✔ Refinitiv same store sales index - tmsnrt.rs/2QFVypg A strong start to holiday sales might not translate to strong earnings, however, reinforcing concerns about the best of corporate profits being in the rear-view mirror as retailers have to grapple with deal-conscious consumers ✔ Our Standards:The Thomson Reuters Trust Principles
Opinion | What effect does the Trump circus have on the world?
11/16/2018, 7:47:22 PMThe president’s lack of interest will feed the fear of China’s ascendancy. ✔ By Fareed Zakaria Fareed Zakaria Columnist focusing on foreign affairs Email Bio Follow Columnist November 15 at 7:27 PM It’s easy to get distracted by the circus of the Trump presidency ✔ But it is grossly mistaken in its instinctive opposition to trade, repeatedly voiced by the president
Opinion | America’s overt payback for China’s covert espionage
11/16/2018, 4:26:48 PMThe United States has an overt response to covert theft. ✔ By David Ignatius David Ignatius Columnist covering foreign affairs Email Bio Follow Columnist November 15 at 7:07 PM While the bombastic U.S.-China trade war has been getting the headlines, U.S. intelligence and law enforcement agencies have been waging a quieter battle to combat Chinese theft of trade secrets from American companies a practice so widespread that even boosters of trade with China regard it as egregious ✔ The San Diego indictment lists the hacker names used by the alleged conspirators, handles such as Cobain, sxpdlcl and mer4en7y
Nvidia stock sees worst day in a decade as more than half of analysts cut price targets on crypto chip hangover
11/16/2018, 5:15:47 PMNvidia Corp.’s stock is on track for its worst one-day drop in a decade Friday as more than half the analysts who cover the stock slashed their price targets after the chip maker surprised investors with worse-than-expected inventory problems for its previous-generation gaming chips. ✔ Riley FBR analyst Craig Ellis downgraded Nvidia to a hold from a buy and cut his price target to $190 from $240 given the inventory problems affecting sales, a slowing in data center growth, and possible headwinds with multi-quarter volatility in the SOX chip index given tariffs and the U.S.-China trade war
Sacramento stops handing out respiratory masks to public after county raises health concerns
11/16/2018, 7:50:54 PMSacramento fire stations will no longer be distributing masks to the public, following safety concerns raised by the county. ✔ A reward of $10,000 is available for information leading to a possible responsible party, Cal Fire said ✔ County boundary; red: mandatory evacuation areas; orange: voluntary evacuation areas Road closures Highway 101 offramps from Valley Circle Blvd to Liberty Canyon Road Highway 1 southbound (Pacific Coast Highway) closed at Las Posas Road Bell Canyon Road at Valley Circle Boulevard Borchard at Los Vientos Drive Lynn Road at Reino Road Potrero Road between Rancho Dos Vientos and South Lewis Road Kanan Road between Westlake Boulevard and Lindero Canyon Road Falling Star Avenue at Kanan Road Potrero Road at Wendy Drive State Route 118 eastbound between Topanga Canyon and Yosemite Avenue Mureau Road, Calabasas Boundary to 101 Freeway Cornell Road, Mulholland Hwy to Kanan Road Encinal Canyon Road, Malibu Boundary to Mulholland Hwy Read More
For California fire victims, it will be a long, tough road to rebuild
11/16/2018, 7:50:52 PMThe fires that tore through California in the past week have reduced homes to ash, upending lives and leaving thousands in sudden need of shelter. But beyond the immediate challenges of finding a place to live in a state with a perpetual shortage of housing, property owners could face a number of... ✔ The fire broke out just before 7 a.m. on 1449 North Crescent Heights Boulevard and grew to be a quarter of an acre, said Amy Bastman, a spokeswoman with the Los Angeles Fire Department ✔ Butte County Sheriff Kory Honea told reporters that search crews recovered seven more bodies in the burn area: three in Magalia, three in Paradise and one in Concow
US might lose war against China or Russia, report to Congress says
11/16/2018, 5:19:41 PM'US military superiority is no longer assured. The implications for American interests and security are severe' ✔ This picture shows the four GRU officers who entered the Netherlands at Amsterdam's Schiphol Airport on April 10, travelling on official Russian passports ✔ The military would work with all domestic departments of government, law enforcement bodies and other groups to address areas of economic, technological, and informational vulnerabilities, it continued
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