Asian stocks rise amid fears of more China, US tariffs
Asian stocks rise amid fears of more China, US tariffs
President Trump Eyes an Additional $500B Worth of Tariffs on Chinese Goods
23 July, 2018, 02:24
China's central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with USA tariff hikes but also might reignite an outflow of capital Beijing spent months trying to stanch.
In an interview with CNBC television broadcast Friday, Trump bluntly threatened to slap all Chinese imported goods with tariffs, saying the United States has been "ripped off by China for a long time". Trump followed-up this comment on Friday by tweeting, "The United States should not be penalized because we are doing so well". With US production also at record levels a global trade slowdown could ripple out into lower demand, and with the US President bemoaning current oil price levels it is not beyond the realms of possibility that we could see an SPR release as the Trump administration tries to put a lid on gasoline prices. Trump's approach deserves more time to win concessions on important issues such as China's treatment of US intellectual property, Burgum said. General Motors fell 1 percent to $38.91 and Ford lost 1.3 percent to $10.53.
After overseeing a slide in the yuan of nearly 5 per cent since mid-June, the question for Chinese officials now is whether to turn to other policy measures to support growth in the face of headwinds to exports. A strong currency tends to make a country´s exports more expensive. The euro increased 0.8 percent to $1.1729.
The central bank "defended the currency in early July but now it seems gravity is doing its job again as monetary policy diverges further between the USA and China", Margaret Yang of CMC Markets said in a report.
Mondelez Recalls Ritz Crackers on Salmonella Concern
Mondelēz Global LLC has voluntarily recalled Ritz cracker products in the United States, due to the concern of salmonella . There have been no complaints of illness reported to Mondelēz Global to date in connection with these products.
Fears are growing over a fierce global trade war, after Trump's imposition of hefty import taxes on steel and aluminum from the EU, Canada and Mexico, in addition to levies already on goods from China worth tens of billions of dollars that have sparked retaliatory tariffs. The company said it's being helped by its rivalry with Amazon, because some retailers are reluctant to team up with Amazon on cloud computing services while they compete with Amazon in sales.
But what has occurred is an 8 percent fall in the Chinese currency against the dollar since the trade spat began in the spring. Silver gained 1 percent to $15.55 an ounce. That could balance out suggested increases in tariffs by the Trump Administration.
AUTO TARIFFS REJECTED: The US Commerce Department sought feedback on President Donald Trump's plans to consider taxing auto imports on Thursday.
The world's two largest economies are locked in a trade confrontation with no end in sight after the United States early this month imposed 25 per cent tariffs on approximately US$34 billion of Chinese mechanical and technological products.
I'm not a robot, says McIlroy after starting Open bid
McIlroy went against the grain by regularly opting to use his driver, hitting only 26.7 per cent of fairways as a result. His Nike golf shoes were emblazoned with the word Nasty in homage to the venue and its penchant for causing players pain.
The Bloomberg Dollar Spot Index slumped 0.76 percent, the most since March 21.
Wholesale gasoline rose 1.2 percent to $2.07 a gallon.
OIL: Benchmark U.S. crude added 1.4 percent to $70.46 a barrel in NY and Brent crude, used to price global oils, gained 0.7 percent to $73.07 a barrel in London. Copper jumped 2.2 percent to $2.76 a pound. Britain's FTSE 100 gave up 0.1 percent. Hong Kong's Hang Seng gained 0.7 per cent to 28,212.37. Japan's Nikkei 225 fell 0.3 percent.
The personal collection of Apollo 11 astronaut Neil Armstrong, the first person to step on the moon , will be sold at auctions. The project is expected to be completed by July 20th of next year for the 50th anniversary of the moon landing.
The same outlet claims they managed to rob the young star of no less than $750k worth of jewelry as well as $20k in cash. They reportedly emerged having stolen around $750,000 in jewelry and between $15,000 and $20,000 in cash, reported TMZ .
A North Carolina resident in the southeastern part of the state died last week of West Nile virus, the first such death of 2018. Wear long sleeves and long trousers (wear light-weight clothing to minimize the potential for heat-induced illnesses).
Android is the world's most-used smartphone operating system and runs on about 80 per cent of mobile devices worldwide. Trump's remarks came before the scheduled visit of European Commission President Jean-Claude Juncker on July 25.
As a result, he gained the ability to absorb the life-force of others, allowing him to dramatically extend his life. Chris Klein of American Pie fame has been cast as the villain Cicada for when the CW series returns this October.
He added that the company allows firms like Crimson Hexagon to produce "anonymized insights for business purposes". Mr Bingham also contrasted the work of Crimson Hexagon to that of Cambridge Analytica's use of private user data.
Woods made a charge on Saturday, shooting a five-under-par 66 to begin the day just four strokes back of the lead. He was nine shots behind Zach Johnson and Kevin Kisner , who shared the lead at Carnoustie on 6-under 136.
Trump appeared to answer "no", but the White House has since argued that the "no" was not in response to the reporter's question. Some cybersecurity firms, including SecureWorks and Mandiant, believe the hackers are linked to Russian intelligence.
I wouldn't do it every single day. "This is my second one, so I wouldn't really miss it for anything". It all started last Thursday when Vegas realized that his visa was expired.
Oklahoma City Trades Anthony To Atlanta, Waiver Is Likely
After almost three weeks since free agency opened up, the Boston Celtics finally signed Marcus Smart to an extension on Thursday. That's particularly noteworthy because Carmelo Anthony , who's no longer on the team, had 3.1 such plays per game last season .
Miss Lang'ata Prison Ruth Kamande Sentenced to Death
The judge also termed the killing as gender-based violence, adding that she was manipulative and controlling over the boyfriend. While handing Kamande the life sentence, judge Lesiit said that the 24-year-old had not showed any remorse.
Mane takes Coutinho's No.10 squad number at Liverpool
The Senegal global had an excellent campaign in 2017-18, scoring 20 goals in all competitions and providing nine assists. The forward played for Senegal at the just concluded World Cup in Russian Federation where he scored one goal.
Francesco Molinari Wins the British Open
But 69 was the low score among the first 22 players out in Sunday's final round as the breeze was blowing 15-20 miles per hour . But while they were all over par on the front nine, he made birdie on No. 4 and then added another on the par-5 sixth.
Keita: I turned down Barca and Bayern for Liverpool
When we are convinced about it then thank God our ownership believes that much in the project that they say "okay, let's do it". The £66.8m signing of goalkeeper Alisson from Roma took Liverpool's spending over the last 12 months to nearly £250m.
Molinari wins British Open for 1st major title
It is a measure of his dominance that the excellence of his playing partner Molinari was nearly invisible to the lively gallery. He started the round exactly how he needed to, with three pars followed by birdies at 4 and 6 to get to seven under.