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BMW says trade war could hit 2019 results by up to 500 million euros
1 month ago - By Reuters
German carmaker BMW expects a hit to earnings of up to half a billion euros next year if tariffs between the United States and China remain in place, Chief Financial Officer Nicolas Peter told Automobilwoche magazine.
Read more ...Trade Wars Have Been Good For The U.S. Economy - For Now
1 month ago - By ETF Daily News
From Steven Vannelli, CFA : Overnight, new data released in China suggests businesses are having a tough time lately. Cheung Kong University produces an alternate PMI Business Conditions Index in association with the China Federation of Logistics and Purchasing.
The latest data point plunged more than 10 points from its end of July reading and is currently sitting at 41.88, deep into contraction territory.
For the US, the story is a bit different. The Atlanta Federal Reserve maintains a now-casting series extrapolating incoming economic data to quarterly GDP now-casts, calculated weekly...
Read more ...Asia-Pacific Daily Briefing: China Shrugs Off the Trade War, For Now
1 month ago - By Economy
China's exports hit a seven-month high in September; Q3 GDP is tracking at a weak 6.1% y/y.
Read more ...
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