Tuesday, 16 October, 2018

Asian stocks rise amid fears of more China, US tariffs

US dollar down on as Trump makes fresh threats vs China President Trump Eyes an Additional $500B Worth of Tariffs on Chinese Goods
Rhonda Young | 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.

Mesut Ozil retires from international duty - Premier League 2018
My job is of a football player an not a politician, and our meeting was not an endorsement of any policies. Germany's Mesut Ozil announced his retirement from worldwide football on Sunday at the age of 29.

Recommended

  • "1st man on moon" Neil Armstrong's memorabilia to be auctioned

    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.
    Rapper Tekashi69 Says Men Forced Him From Car, Stole Jewelry

    Rapper Tekashi69 Says Men Forced Him From Car, Stole Jewelry

    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 .
    West Nile virus detected in North Shore mosquitoes

    West Nile virus detected in North Shore mosquitoes

    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).
  • Trump slams EU's £3.8bn Android antitrust fine

    Trump slams EU's £3.8bn Android antitrust fine

    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.
    Neymar Issues Anguished Defence Of His World Cup Theatrics

    Neymar Issues Anguished Defence Of His World Cup Theatrics

    Al Khelaifi has been clear in his statements that Neymar will stay at PSG for at least another season. Meanwhile, Neymar described PSG's new coach Thomas Tuchel as a great addition to the club.
    Maharaj magic restricts Sri Lanka in Test

    Maharaj magic restricts Sri Lanka in Test

    Sri Lanka and South Africa will lock horns in the second and final Test match of the series at Sinhalese Sports Club in Colombo . Sri Lanka won the first Test against South Africa .
  • Meghan Markle Reportedly 'Overwhelmed' by Palace Rules

    Meghan Markle Reportedly 'Overwhelmed' by Palace Rules

    Mr Markle claims to be "devastated" after being "frozen out" by the royal family. "This won't phase them". Yahoo readers had a lot to say about the Duchess's alleged attitude toward her new role.
    The Flash season 5: Chris Klein cast as villain Cicada

    The Flash season 5: Chris Klein cast as villain Cicada

    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.
    Facebook suspends another data firm amid fresh probe

    Facebook suspends another data firm amid fresh probe

    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.
  • Molinari wins remarkable Open Championship

    Molinari wins remarkable Open Championship

    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.
    Microsoft warns of Russian mid-term election attacks

    Microsoft warns of Russian mid-term election attacks

    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.
    Vegas to Carnoustie - a hellish trip for Jhonattan

    Vegas to Carnoustie - a hellish trip for Jhonattan

    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 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 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.

Dallas Mavericks, guard Yogi Ferrell agree on two-year, $5.3 million deal Dallas Mavericks, guard Yogi Ferrell agree on two-year, $5.3 million deal He may have to compete with the Mavs' latest draft pick, second round selection Jalen Brunson , a point guard from Villanova. Nowitzki averaged 12 points and 5.7 rebounds in 24.7 minutes per game in 77 contests last season.

Black Ferns too good for France to defend Sevens World Cup title Black Ferns too good for France to defend Sevens World Cup title Dylan Collie scored a try and made a vital tackle in the New Zealand sevens team's World cup semifinal win over Fiji (file photo). NZ men's sevens team overcome controversial try decision for Fiji as they power into the World Cup final.

Top intelligence official says he meant no disrespect to Trump Top intelligence official says he meant no disrespect to Trump On Thursday, the White House issued a statement saying Trump "disagrees" with Putin's offer. Trump also said he misspoke in Helsinki.

'Supergirl' Season 4: Nicole Maines as Cast as Trans Superhero Dreamer Jesse Rath and Sam Witwer were previously cast as Brainiac-5 and Agent Liberty, respectively, for the upcoming season. Tomasi's Superman: Black Dawn , which saw Manchester Black terrorize the Superman, Lois Lane, and their son Jon).

Mane takes Coutinho's No.10 squad number at Liverpool 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.

Flights diverted after Gatwick emergency landing and fluid spillage Flights diverted after Gatwick emergency landing and fluid spillage British Airways has warned passengers should expect "some knock-on disruption" following IT issues on Wednesday. It is believed the problem has not hit all of the IT systems used by the airline and most are working as normal.

Francesco Molinari Wins the British Open 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 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.

Ritz Bits pulled from shelves due to possible salmonella contamination The company says there have also been no reports of illness but made a decision to voluntarily remove out of safety concerns. If you have any of these products in your home, the company says you should discard them as soon as possible.

Trump reacts to Cohen tape: "Your favorite president did nothing wrong!" Trump reacts to Cohen tape: The conversation on the tape occurred in September of 2016, when Trump was still running for office. A spokeswoman for the United States attorney's office and Cohen declined to comment.

Molinari wins British Open for 1st major title 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.

Tiger Woods creates golf buzz as he plays himself into Open contention Tiger Woods creates golf buzz as he plays himself into Open contention I really didn't feel like I really made a bad swing until the 18th. "I've always wanted to battle it out in a major with Tiger". The last time Woods led or held a share of the lead at the end of a round at a major was in 2012, at the PGA Championship.

New PS4 System Software Update 6.0 Incoming; Sony Starts Recruiting Beta Testers New PS4 System Software Update 6.0 Incoming; Sony Starts Recruiting Beta Testers Currently, you can only sign up with a Japanese or North American PSN account through the respective links . Answer a few questions and hopefully you'll be one of the lucky few selected to try out the new software.