• Wall St. opens higher led by tech stocks

    1 month ago - By Reuters

    U.S. stocks opened higher on Tuesday, led by technology stocks, as upbeat earnings from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.
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  • Morning News: October 16, 2018

    1 month ago - By Crossing Wall Street

    China May Have $5.8 Trillion in Hidden Debt With ‘Titanic' Risks
    Currency Manipulation Isn't Among China's Trade Sins
    The Fed's 1 Million Lost Jobs
    U.S. Credit Card Giants Flout India's New Law on Personal Data
    Google's CEO Defends Potential Return to China
    Landlords Across America Are Cheering Sears' Bankruptcy
    Fidelity Says It Will Trade Bitcoin for Hedge Funds
    Jeff Bezos Chides Rivals, Says Amazon Will Continue to Work With Pentagon
    Bank of America Profit Jumps 32%
    Can 18 Hours in the Air Be Bearable? Airlines Bet on Ultra-Long-Haul Flights
    Paul Allen, Billionaire Who Co-Founded...
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  • Wall St. set to rebound on strong results from UnitedHealth, Goldman

    1 month ago - By Reuters

    Wall Street was set to recover on Tuesday as upbeat earnings reports from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.
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  • Travelex Pay's new gift card service lets WeChat users from China shop in the U.S

    Travelex Pay's new gift card service lets WeChat users from China shop in the U.S

    1 month ago - By Venture Beat

    London-based Travelex today announced a new partnership with gift card startup Swych that will allow Chinese consumers on the WeChat platform to make purchases from retailers in the U.S. The new service is called “Travelex Pay,” and will exist within the WeChat app, which has 800 million users. Until now, the ability of WeChat users to...
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  • A third of Japan Inc hurt by U.S.-China trade war - Reuters poll

    1 month ago - By Reuters

    A Reuters poll has found the number of Japanese companies affected by the U.S.-Sino trade war has jumped to a third, soaring from just 3 percent in May with firms fretting about prospects for their exports from China as well as slower Chinese demand. Michelle Hennessy reports.
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  • Global economy: China factory gate prices, Germany's ZEW point to trade gloom

    1 month ago - By Reuters

    China's factory-gate inflation cooled for a third straight month amid ebbing domestic demand, pointing to more pressure on the world's second biggest economy as it remains locked in an intensifying trade war with the US. As David Pollard reports, new data also shows Germany's economic outlook is being clouded by the dispute.
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  • China And U.S. Pushing A De-Globalization Wave

    1 month ago - By Forbes

    We have gone from Les Miserables storming the Bastille, to the Deplorables draining the swamp.
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  • Some Perspective On October's Scary Selloffs

    Some Perspective On October's Scary Selloffs

    1 month ago - By ETF Daily News

    From BlackRock : Tighter financial conditions and heightened U.S.-China trade tensions have been spooking investors this month. Richard Turnill puts October's market selloff in context and explains its implications for investors.
    Tighter financial conditions and elevated worries about the impact of heightened U.S.-China trade tensions are spooking investors-and have helped spark this month's equity pullback. We retain a preference for selective risk-taking, even as the recent market moves reinforce our call for building greater resilience into portfolios.
    Higher interest rates are one of...
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  • Standard Chartered sees increased China-Africa trade due to U.S. trade war

    1 month ago - By Reuters

    China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank in China said.
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  • The Biggest Losers In a U.S.-China Trade War

    1 month ago - By Fortune

    Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday.
    "The US-China conflict-it's not a positive, it's not something that is going to help growth but neither is it going to necessarily impact the overall macro economy," said Jonathan Woetzel, a senior partner at McKinsey and director of the consulting firm's McKinsey Global Institute.
    He explained that much of the trade war's impact falls on global corporation that do manufacturing there-accounting for 40-50% of Chinese exports, and 70-80% of exports from...
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