News Monitoring

Why China’s Yuan Won’t Take Off 11/16/2018, 8:19:05 PM A weakening economy—and the trade war with Washington, higher U.S. interest rates, and free spending by Chinese students and tourists abroad—are pressuring the currency. ✔ Most of China’s financial sector remains in state hands, while private citizens are limited to $50,000 in foreign currency ✔ Instead, Beijing is deploying supply-side tax cuts for individuals, and probably next year for corporations, and juicing credit by easing banks’ reserve requirements ✔ They don’t want investors to form a single-direction expectation, which leads to herd behavior, Pictet’s Chen says Dow Gains 124 Points as Market Sends Mixed Messages 11/16/2018, 11:14:52 PM While the S&P 500 rose, the Nasdaq fell, and investors are still struggling to figure out what’s next for the Fed and the trade war. ✔ According to a machine-learning model from Bank of America Merrill Lynch based on numerous fundamental indicators, today’s economy is mo...

Trade war pokes holes in Japan's cardboard market 11/16/2018, 4:45:04 PM As 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 PM Japanese 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, 4:4...