Should we rule out a trade war between China and the US?

Andy Rothman, investment strategist at Matthews Asia, says Yes.Donald Trump is very unlikely to implement the 45 per cent across-the-board tariff on imports from China that he proposed in an interview last year. US law permits the President to make only an emergency declaration of 15 per cent tariffs for up to five months, and I imagine that many chief executives have been calling Trump to advise him of the negative consequences of such a move for their firms. More than 900,000 American jobs are supported by US exports of goods and services to China, with 40 per cent of those jobs created between 2009 and 2015. I also imagine Trump will be advised that a tariff hike would have a significant impact on consumer prices in the US, pushing up prices for goods sold at places such as Walmart. That would hurt the spending power of his working-class political base. These factors are likely to lead the President-elect to take a more targeted approach, raising import tariffs on a limited number of goods, probably those which are not destined directly for American consumers, such as steel.Marianne Petsinger, geoeconomics fellow of the US and the Americas Programme at Chatham House, says No.On the campaign trail, Donald Trump blamed China for stealing US manufacturing jobs and lowering wages. To remedy this, he vowed to impose tariffs on Chinese imports, to bring trade cases for “unfair subsidy behaviour” and to label the country a currency manipulator. Given how central the anti-trade rhetoric was to Trump’s platform, he will likely try to deliver on his promise. While it is improbable that Trump will follow through on his proposal to impose 45 per cent tariffs on Chinese goods, he might impose tariffs between 5-15 per cent – which would be enough to spark a trade spat. The US President has the power to impose tariffs under certain circumstances without congressional approval. In addition, Trump’s recent nominations for United States trade representative, treasury secretary and head of the newly-created National Trade Council, are long-time critics of China’s trade practices. While this does not make a US-China trade war inevitable, the potential risk is non-negligible. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedPensAndPatronTori Roloff Confirms Sad Family NewsPensAndPatronUnify Health LabsSlow Metabolism? Randy Jackson Urges To Do This DailyUnify Health Labs Tuesday 10 January 2017 5:32 am Andy RothmanAndy Rothman is investment strategist at Matthews Asia. and Marianne Petsinger Should we rule out a trade war between China and the US? Share whatsapp whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com read more

Turkish lira slumps further as surprise decision to keep interest rates on hold undermines credibility of central bank

Turkey’s central bank shocked investors as it left its main interest rate unchanged in the face of a sliding currency.The decision raises concerns about political interference in monetary policy by the government ahead of UK Prime Minister Theresa May’s visit to Turkey this weekend, following her first meeting with US President Donald Trump. Share Tuesday 24 January 2017 3:17 pm Erdogan had previously drawn ridicule for urging Turkish citizens to buy lira with their foreign currency at a heavy loss to protect the currency. He also likened the sell-off in lira to a terrorist attack.Read more: Turkish lira hit further by currency devaluation “weapon”Kathleen Brooks, research director at City Index, said: “Today’s decision is likely to be viewed by the market as a politically motivated, rather than an economic one. The finance minister and President Erdogan have both said they don’t want to see higher interest rates due to the damage that it could do to the economy.”Turkey will vote in April to give President Erdogan further executive powers, in a move foreign observers say will significantly weaken democracy in the country. The Turkish lira fell further against the US dollar as the bank bucked investors’ expectations of a 50 basis point rise in the main repurchase rate.However, it did tighten its marginal funding rate in an attempt to “contain the deterioration in the inflation outlook,” the bank said in a statement.Read more: Turkey stuffing: The lira continues to plummet against the dollarThe currency has been one of the worst performing in the world in the past six months as fears over instability and high inflation have seen it lose over a third of its value against the dollar from its peak in May.The bank was under significant pressure to tighten, but Turkish President Recep Tayyip Erdogan is publicly opposed to any rise in interest rates which could slow economic growth. It has previously attempted other unorthodox forms of tightening but has failed to stem losses to the currency. whatsapp Turkish lira slumps further as surprise decision to keep interest rates on hold undermines credibility of central bank Jasper Jolly whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoFactableTragic Reason She Was Drugged For ‘Wizard Of Oz’FactableUndozenherald.comArchie Issued New Birth Certificate After Harry’s Title Revokedzenherald.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndo read more

UK’s producers are quick off the blocks as Eurozone sees five-year high in manufacturing activity

The UK’s manufacturing PMI dipped slightly to 55.9 in January, according to data providers IHS Markit, only slightly down from a 2.5-year high in December. Any measure above 50 indicates an expansion in activity in the manufacturing sector.Read more: Optimism ahead of Brexit for UK manufacturers says CBIThe healthy expansion came despite a record increase in input prices, as inflationary pressure continues to build following the devaluation of sterling since the vote to leave the EU. whatsapp Mike Rigby, head of manufacturing at Barclays said: “Although the growing prospect of inflationary pressure looms large and the impact of Brexit continues to cause much uncertainty, it is encouraging to see that the manufacturing sector is just getting on with business as usual.”Meanwhile, Eurozone manufacturing PMI was revised up to 55.2, continuing a streak of expansion in the sector that has run unbroken since July 2013.Read more: Manufacturing giant Premier Foods considers price rises due to Brexit voteA growth in new business not seen since the first half of 2011, before the Eurozone debt crisis began to bite, helped sustain recent output highs, while job creation continued to move higher.Austria, the Netherlands, and Germany were the main drivers of expansion. The latter, the largest economy in Europe, saw its manufacturing sector rise to a three-year high. UK’s producers are quick off the blocks as Eurozone sees five-year high in manufacturing activity whatsapp UK manufacturers have shrugged off big input price increases to start 2017 in fine form, while activity in the Eurozone has reached its highest point since a debt crisis almost brought the continent’s economy to its knees, according to closely watched indicators.Growth in the sector’s output reached its highest point since May 2014 as the overall purchasing managers’ index (PMI) recorded its sixth straight month of growth in the UK’s manufacturing sector. Domestic orders were a source of strength for the UK’s manufacturers, with some signs of an upward movement in exports. Meanwhile expansion in France’s manufacturing sector rose to a 68-month high, despite a looming election.Chris Williamson, chief business economist at IHS Markit, said: “Optimism about the year ahead has risen to the highest since the region’s debt crisis, suggesting companies are maintaining a buoyant mood despite the heightened political uncertainty caused by Brexit and looming general elections in the Netherlands, France and Germany.” Jasper Jolly Wednesday 1 February 2017 11:48 am Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUnify Health LabsSlow Metabolism? Randy Jackson Urges To Do This DailyUnify Health LabsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsCarsGeniusThese 4 Loaded SUVs Are Now Dirt CheapCarsGenius read more

Hedge fund tycoon Alan Howard brushes off poor performance with impressive rally in the AH Fund

Hedge fund tycoon Alan Howard brushes off poor performance with impressive rally in the AH Fund Hedge fund billionaire Alan Howard, the co-founder of Brevan Howard, has made an impressive comeback after a lengthy spell of lacklustre performance.Brevan Howard’s $2.3bn (£1.7bn) AH Fund, managed by Howard, rose 36.7 per cent in May to bring total year-to-date returns to 44.3 per cent, according to a source close to the firm. whatsapp Wednesday 6 June 2018 3:31 pm Brevan Howard’s flagship Master Fund has also been climbing. After the market closed on Tuesday, BH Macro – the London-listed fund vehicle that invests into the Brevan Howard Master Fund – reported a May gain in net asset value of 7.9 per cent, taking 2018 performance to 9.1 per cent.The firm will be hoping that BH Macro too will benefit from uncertainty in politics and monetary policy. Lucy White whatsapp The fund, which looks to make bets on macro-economic events around the world, was helped along by an uptick in volatility on the back of central banks moving away from bottoming interest rates, quantitative easing and forward guidance.”I am happy that the loyalty and confidence shown by my investors has been rewarded with a very positive result,” said Howard in an emailed statement, first given to Bloomberg.Howard launched the AH Fund last year, as investors began to defect from Brevan Howard. The thought was that investors would be persuaded to stick with a fund which counted Howard as its sole manager.However the fund took a knock over the course of last year, as data from its investors the New York City Fire Department Pension Fund and the New York City Police Pension Fund showed earlier this year that it lost nearly nine per cent net of fees.The AH Fund is still open to a small amount of new allocations from existing Brevan Howard investors. It charges a 0.75 per cent management fee and 30 per cent performance fee. Share read more

Mayor of London reveals first projects to benefit from Strategic Investment Fund

first_img Mayor of London reveals first projects to benefit from Strategic Investment Fund Tags: Trading Archive by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comBetterBe20 Stunning Female AthletesBetterBeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest Wow Share ”This is a clear example of how devolution can have a positive direct impact on Londoners’ lives, by creating jobs and driving economic growth,” said Khan. “By developing projects which work closely with local communities we can engage Londoners in shaping the future of their city.”Read more: West end retail giants ‘hit by staff shortages’Chair of London Councils, councillor Peter John, added: “This is a fantastic example of London government working together to secure a deal on behalf of our city that will in the make a difference to hard-working Londoners.“We look forward to announcing further targeted investments in the coming months to ensure the business rates funding we receive delivers strategic benefits to London’s business community.”A total of £90m from the fund will be invested in various projects over this year. whatsappcenter_img Joe Curtis The Mayor of London today announced the first tranche of projects to benefit from the Strategic Investment Fund – generated from growing business rate receipts.Sadiq Khan’s own Good Growth Fund will net £5m, supporting projects like the regeneration of Plumstead High Street and improvements to the Undercroft skate park at the South Bank Centre.With £1.16m, Second Floor Studios in Deptford will aim to provide affordable workspaces for artists including 80 studios, while Studio Voltaire in Clapham will offer 7,900 square feet of workspace and an incubator programme for artists.Another £50,000 will fund a study into the challenges facing London’s West End, with the mayor and Westminster City Council working together to spot opportunities for growth.That comes after City A.M. revealed that a mix of tight visa restrictions and uncertainty around EU migration rules have made it harder for businesses in the area to hire foreign workers. Wednesday 26 September 2018 11:58 am   Ideas to regenerate the West End and to provide more affordable workspace in the capital are set to benefit from a £112m investment fund. whatsapplast_img read more

Two city chiefs become latest to pull out of Saudi conference over death of journalist

first_img“In the light of these developments the policy chairman will now not be attending the FII conference.”International trade secretary Liam Fox has not yet confirmed whether he will be attending the event.A trade department spokesperson said: “The secretary of state’s diary is yet to be finalised for the week of the 22nd October, we will update on his activity in due course.” London Stock Exchange chief executive David Schwimmer and Catherine McGuinness, the City of London Corporation’s policy chair, join the likes of HSBC, Credit Suisse and Standard Chartered in pulling out of the three-day event.Read more: HSBC, Credit Suisse and Standard Chartered join boycott of Saudi conferenceSaudi Crown Prince Mohammad bin Salman has faced pressure after prominent journalist and regime critic Khashoggi went missing earlier this month. He has not been seen since entering the Saudi consulate in Istanbul on 2 October. Earlier today Turkish officials told AP they had found evidence Kashoggi was killed in the building.  whatsapp Two city chiefs become latest to pull out of Saudi conference over death of journalist A spokesperson for the City of London Corporation said: “The UK Government asked the City of London Corporation to be part of efforts to develop a long-term partnership with Saudi Arabia.“As part of this work policy and resources chairman Catherine McGuinness was invited to attend the Future Investment Initiative conference to discuss asset management and financial services.“However ahead of this conference we want to make clear our deep concern at the disappearance of Jamal Khashoggi.Read more: Google joins the list of firms deserting next week’s Saudi business summit“We support the UK Government’s call for the Saudi authorities to cooperate fully with investigators to deliver a clear and credible answer to the question of what happened. We will be raising these concerns with our Saudi counterparts. Callum Keown and August Graham center_img Two City bosses have become the latest high-profile names to withdraw from an investor conference in Saudi Arabia following the death of journalist Jamal Khashoggi Share Tuesday 16 October 2018 5:41 pm whatsapp Tags: Trading Archivelast_img read more

Financial Conduct Authority hits Liberty Mutual Insurance with £5m fine for mobile phone insurance failings

first_img Financial Conduct Authority hits Liberty Mutual Insurance with £5m fine for mobile phone insurance failings More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com The total amount of redress offered to customers who may have suffered a loss was nearly £4m.This was taken into account when calculating Liberty’s fine.Additionally, Liberty settled at an early stage of the investigation and therefore qualified for a 30 per cent discount. Without the discount the fine would have been £7.5m.Liberty said in a statement: “This fine from the FCA relates to activity undertaken by LMIE (our company market operation), under an arrangement which began in 2010, before the formation of Liberty Specialty Markets. Under this arrangement, a third party administered mobile phone insurance products on LMIE’s behalf. Several years ago certain issues came to light around some unfair outcomes for a very small proportion of customers (less than one per cent). These issues have been addressed and LMIE has worked with the third party to ensure that redress was paid to any customer who might have been affected. LMIE no longer sells mobile phone insurance to new customers.”At Liberty Specialty Markets, we welcomed the FCA’s focus on coverholder oversight, and responded by setting up a new, best in class conduct function. This ensures that Liberty’s ethos of doing the right thing and putting the customer at the heart of everything we do, is put into practice effectively across all of our product lines and coverholder arrangements.” whatsapp The Financial Conduct Authority has today fined Liberty Mutual Insurance Europe £5.28m for failures in its mobile phone insurance claims and complaints handling process. Share Liberty entered into a relationship in the UK with a third party to enable them to provide mobile phone insurance to retail customers.The FCA found that between 2010 and 2015 customers were exposed to the possibility their complaints and claims would not be handled fairly.Some claims were not investigated adequately or unfairly declined during the period.Mark Steward, executive director of enforcement and market oversight at the FCA, said: “Fair, effective, and prompt settlement of claims is a fundamental requirement of mobile phone insurance, and customers should expect that any claim they make, or any subsequent complaint they lodge, will be dealt with fairly. Insurers must put in place adequate measures to make sure that claims and complaints and handled fairly, especially where those functions are outsourced.”Before the start of the FCA’s enforcement investigation, the third party provider undertook a remediation exercise in relation to claims which may have been unfairly rejected. Tags: Trading Archive by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman files for divorce after seeing this photoMisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USABridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushBigGlobalTravelCelebrity Marriages That Have Lasted More Than 15 YearsBigGlobalTravelHero Wars This game will keep you up all night! Hero Wars WTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFacts whatsapp Tuesday 30 October 2018 11:59 am James Booth last_img read more

Dropping ‘mansize’ from Kleenex boxes is a good move, but won’t solve gender inequality

first_imgMonday 19 November 2018 10:25 am whatsapp City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Luke Smith Dropping ‘mansize’ from Kleenex boxes is a good move, but won’t solve gender inequality Share whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com It’s clear that, when crafting a slogan, today’s brands can no longer afford to throw caution to the wind – especially those relying so overwhelmingly on consumer perception for commercial success.In the modern world, there is no longer a place for the casual or – worse still – overtly sexist brand slogans that feel incredibly dated, despite being deployed just a few years after they were the norm.Yet while this progress is symbolic and undoubtedly important, it just scratches the surface of the problem.Real change must be born from tangible action to combat gender inequality within marketing organisations. How can brands hope to really resonate with consumers if their own internal structures and realities don’t reflect the demographics that they’re targeting?We are, however, starting to see promising changes. More flexible working solutions, enabled by technology, allow individuals – including working parents – to move away from the confines of the traditional nine-to-five and work around their family commitments. Opinion Flexible working isn’t just good for employees; it’s good for business too. Embracing the gig economy, for example, allows brands and their agencies to tap into the best talent for each campaign, bringing fresh creative and strategic vision to bear in a way that supports different working patterns.Flexible working also has huge benefits for economy and society as a whole. Analysis by recruitment consultancy Feel earlier this year found that British businesses could stand to gain £1.3 trillion in earnings every year by welcoming mothers back to work.I’m not trying to disparage Kleenex’s decision – far from it. Nor am I saying that these linguistic changes aren’t important, because they unquestionably are.But while such moves serve to bring the issue of gender inequality to the fore, what we desperately need is concrete action, on the part of brands and their partners alike, to drive real change. Last month, Kleenex finally scrapped the use of the word “mansize” from its branding after 60 years on the shelves. The decision sees the world-famous tissue brand become the latest in a long line of well-known names to distance itself from gender-specific marketing.In recent decades, Yorkie’s “it’s not for girls”, Snickers’ “get some nuts”, and Iceland’s “so that’s why mums go to Iceland” have all been examples of infamous taglines that have bitten the dust as gender inequality has progressively climbed the political and corporate agenda. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyBeach RaiderColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumBeach Raidermoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comHero Wars This game will keep you up all night! Hero Wars Tags: Trading Archivelast_img read more

CBI: May must secure support for Brexit deal for UK economy to post moderate growth

first_img whatsapp Tags: Bank of England Brexit whatsapp Read This NextRatings: Networks Stalemate With 4-Way Tie Despite ABC’s ‘Holey Moley’ andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?Vegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap However, the FTSE 100 fell by over one per cent this morning after a key Huawei executive was arrested in Canada with an agreed extradition to the US.CFO Meng Wanzhou was arrested over suspected violation of US sanctions surrounding trade with Iran. Joe Curtis center_img CBI: May must secure support for Brexit deal for UK economy to post moderate growth However, the deal – which would see the UK tied into a temporary customs union with the EU without being able to leave of its own accord – has been met with heavy criticism from all sides ahead of the vote on whether or not to approve it on Tuesday, 11 December.“A no-deal scenario would blow these figures out of the water,” said Carolyn Fairbairn, director-general of the CBI, according to Reuters.It comes just a day after JP Morgan halved the risk of the UK crashing out of the EU without a deal, though it also narrowed the chance of May’s deal passing through parliament to 50 per cent, down from 60 per cent.The bank also said that the chance of the UK remaining in the EU had doubled to 40 per cent.Shares in FTSE housebuilders, banks and airlines rose on the possibility of a softer Brexit yesterday. The UK economy will have a tough time posting even moderate growth next year without an orderly Brexit, the Confederation of British Industry (CBI) warned today.The CBI’s forecast of 1.3 per cent growth in 2018, 1.4 per cent in 2019 and 1.6 per cent in 2020, a slightly lower set of predictions than the Bank of England’s, relies on the Prime Minister winning parliamentary support for her Brexit withdrawal agreement next week. Thursday 6 December 2018 8:38 am Sharelast_img read more

Trump attacks euro and repeats criticism of Fed

first_imgTuesday 11 June 2019 4:56 pm Read more: Trump says tariffs on remaining Chinese goods set to come into force More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Last week official data signalled that the US jobs boom was slowing, which could encourage the Fed board to consider an interest rate cut when it meets next week. Producer price index figures released today showed a 1.8 per cent rate in May, compared to 2.2 per cent in April. This was largely due to falling energy prices. The United States has VERY LOW INFLATION, a beautiful thing!— Donald J. Trump (@realDonaldTrump) June 11, 2019 The tweet comes ahead of the release of inflation data tomorrow, which is expected to show a 1.9 per cent annualised headline inflation rate in May, compared to two per cent in April. Share whatsapp Trump attacks euro and repeats criticism of Fed The President told CNBC news channel that China was coping with his tariff onslaught by devaluing its currency to make its goods more attractive. He said: “We don’t have that advantage because we have a Fed that doesn’t lower interest rates.” US President Donald Trump has accused the Eurozone economies of devaluing the single currency to put the US at a disadvantage, and renewed his attack on his country’s central bank. Trump also tweeted today: “The United States has VERY LOW INFLATION, a beautiful thing!” This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue! https://t.co/0CpnUzJqB9— Donald J. Trump (@realDonaldTrump) June 11, 2019 Read more: FTSE hits five-week high on Trump tariff reprieve Harry Robertson Trump has repeatedly called on the Fed to cut interest rates, which he has said would make the economy “rocket”. Yesterday he claimed the central bank’s rates policy was “very, very destructive”. Trump said on Twitter: “The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!” US President Donald Trump delivers a speech during a French-US ceremony at the Normandy American Cemetery and Memorial in Colleville-sur-Mer, Normandy, northwestern France, on June 6, 2019, as part of D-Day commemorations marking the 75th anniversary of the World War II Allied landings in Normandy. (Photo by Ian LANGSDON / POOL / AFP) (Photo credit should read IAN LANGSDON/AFP/Getty Images) whatsapplast_img read more