User: newstrust Topic: Business
Category: Global Economy :: China and Global Economy
Last updated: Oct 19 2018 09:43 IST RSS 2.0
 
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China's third quarter growth misses expectations at 6.5% 19.10.2018 BBC: Business
Growth in the world's second-largest economy cooled as Beijing battles rising financial threats.
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Trump’s former chief economic advisor says his trade war is destroying the economy 18.10.2018 Raw Story

Gary Cohn, President Trump’s former chief economic advisor, told CNBC on Thursday that the president’s trade war with China was killing the United States’ service economy. Cohn noted that 80% of the United States’ GDP and job creation is in that service economy. “When y...

The post Trump’s former chief economic advisor says his trade war is destroying the economy appeared first on Raw Story.

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Calculating the odds of a Trump impeachment: don’t bet the house on it 18.10.2018 Raw Story

What are the chances of US President Donald Trump being removed from office if the Democrats do retake the House of Representatives in the upcoming midterm elections, or at least make significant gains? These days, you can bet on anything in politics, including which White House Cabinet member might...

The post Calculating the odds of a Trump impeachment: don’t bet the house on it appeared first on Raw Story.

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In US midwest, could farmers’ fury spell trouble for Trump? 18.10.2018 Raw Story

Few have been hit as hard by Donald Trump’s trade war with China than US farmers, with retaliatory tariffs from Beijing threatening their livelihoods. Now, with the midterms approaching, are Trump and the Republican party about to pay the price? “I’ll die before we lose this farm,&...

The post In US midwest, could farmers’ fury spell trouble for Trump? appeared first on Raw Story.

China soybean imports set for biggest drop in 12 years amid Trump’s trade war 18.10.2018 Raw Story

China’s soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the Sino-U.S. trade war and high domestic stockpiles. Soybeans, crushed to make protein-rich animal feed ingredients and vegetable oils, have b...

The post China soybean imports set for biggest drop in 12 years amid Trump’s trade war appeared first on Raw Story.

When's a van a van and when's it a car? 18.10.2018 BBC: Business
The weird and wonderful ways companies adapt their products to get around trade tariffs.
Senator Mitch McConnell says tariffs hurt — urges trade progress 18.10.2018 Raw Story

Senate Republican Leader Mitch McConnell on Wednesday prodded President Donald Trump’s administration to quickly resolve festering trade disputes particularly with China, saying tariffs imposed by other countries in response to Trump’s trade policies are starting to pinch the “red hot” U.S. economy....

The post Senator Mitch McConnell says tariffs hurt — urges trade progress appeared first on Raw Story.

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US shies away from calling China a currency manipulator 18.10.2018 BBC News - US & Canada
The US Treasury held back from blaming Beijing for holding down the value of China's currency.
Trump launches process to quit 144-year-old postal treaty 17.10.2018 BBC: Business
The White House says the 144 year old arrangement gives Chinese firms an 'unfair' advantage.
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Free trade isn’t dead yet – despite Trump’s threats to the system that upholds it 17.10.2018 Raw Story

The rules-based world order, which has been the scaffolding supporting the global economy since World War II, appears to be in serious jeopardy. And, judging by the number of eulogies published in recent months, it would be easy to conclude that this system of international cooperation on trade and ...

The post Free trade isn’t dead yet – despite Trump’s threats to the system that upholds it appeared first on Raw Story.

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US moves to negotiate trade deals with Japan, UK, EU 17.10.2018 BBC: World
The US wants to negotiate three separate trade deals, but talks with the UK would start after Brexit.
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‘Cockroaches’: NYT’s Krugman puts Trump and rich pals on blast for destroying the planet in search of increased profits 16.10.2018 Raw Story

In a scathing column for the New York Times, Nobel Prize-winning economist Paul Krugman ripped into President Donald Trump and his rich enablers for greedily lining their pockets as they destroy the planet. At issue, Krugman explains, is their insistence that climate change is a myth — which d...

The post ‘Cockroaches’: NYT’s Krugman puts Trump and rich pals on blast for destroying the planet in search of increased profits appeared first on Raw Story.

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Will Trump’s Policies Wreak Havoc on the US and Global Economies? 16.10.2018 Truthout.com
Economics professor Gerald Epstein explains why Trump's economic policies will ultimately be extremely disruptive.

The post Will Trump’s Policies Wreak Havoc on the US and Global Economies? appeared first on Truthout.

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Why the rupee loses more than other currencies 15.10.2018 Rediff: Business
'The rupee has lost value against all other major Asian currencies, including that of Bangladesh and, of course, China.'
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Trump’s Trade Chickens Coming Home To Roost 15.10.2018 Outside the Beltway
After nearly a year, Trump's trade policies are having their inevitable negative impact inside the United States.
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How India, Iran plan to bypass US oil sanctions 15.10.2018 Rediff: Columns
'Indian and Iranian sources both confirmed to me that India and Iran are moving ahead to implement a payment system on buying oil from Iran and hope to finalise it very soon,' says Aveek Sen.
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An unhinged crackpot leads the world’s only mega-power — and now the wheels are coming off 14.10.2018 Raw Story

Welcome to another edition of What Fresh Hell?, Raw Story’s roundup of news items that might have become controversies under another regime, but got buried – or were at least under-appreciated – due to the daily firehose of political pratfalls, unhinged tweet storms and other sundry embarrassments c...

The post An unhinged crackpot leads the world’s only mega-power — and now the wheels are coming off appeared first on Raw Story.

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The economy is crushing it – just like in 2008! 13.10.2018 The Moderate Voice

After the Dow Jones industrials plunged 832 points on Wednesday, Larry Kudlow, President Trump’s chief economic adviser, walked up the White House driveway and proclaimed that there was no cause for concern. Not about the stock market, or turmoil in China’s economy, or American casualties of Trump’s trade fights, or the president’s attempt to bully […]

The post The economy is crushing it – just like in 2008! appeared first on The Moderate Voice.

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Fed official says rate hikes ‘right course’ for US monetary policy 13.10.2018 Raw Story

The U.S. Federal Reserve does consider the impact of interest rate hikes on emerging markets when setting policy, but the increases are the “right course of domestic policy” for the world’s largest economy, said a top Fed official on Saturday. The comments by Fed Vice Chair Randal Quarles came as so...

The post Fed official says rate hikes ‘right course’ for US monetary policy appeared first on Raw Story.

Here’s how Trump’s reckless ‘America First’ policies are going to devastate US consumers 13.10.2018 Raw Story

Glance through the business section of any major media outlet, and there is apparently good news to start the autumn: The Bureau of Labor’s September numbers showed measured unemployment hitting a multi-decade low of 3.7 percent. The U.S. secured a revised trade agreement with Canada and Mexico. And...

The post Here’s how Trump’s reckless ‘America First’ policies are going to devastate US consumers appeared first on Raw Story.

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