Treasury Secretary Steven Mnuchin dismissed concerns that China's weakest economic growth since the global financial crisis could spill into other emerging markets and destabilise U.S. financial markets. China is trying to navigate through multiple challenges after its trade war with the United States sparked a blistering sell-off in domestic stock...
*China resists opening markets or cutting subsidies. BRUSSELS, Oct 18- European governments pressed China on Friday to allow greater foreign investment in its economy, using a two-day summit with Asian leaders to push back against U.S. protectionism but facing familiar resistance from Beijing over state subsidies. China has been promising for years to ease...
DUBAI, Oct 19- A Western boycott of a major business conference in Riyadh next week suggests rising political risks in Saudi Arabia could harm its ambitions to attract foreign capital and diversify its economy away from oil. Rather than whipping up interest in Saudi investment opportunities, the event risks becoming a public relations debacle because of the...
BRUSSELS, Oct 18- The European Union was set to sign a trade deal with Singapore on Friday after talks with Asian leaders keen to push back against U.S. protectionism, but efforts to encourage China to drop state subsidies ran into resistance from Beijing. The biennial Asia-Europe Meeting brings together leaders representing 65 percent of global economic...
BRUSSELS, Oct 18- The European Union was set to sign a trade deal with Singapore on Friday after talks with Asian leaders keen to push back against U.S. protectionism, but efforts to encourage China to drop state subsidies ran into resistance from Beijing. The biennial Asia-Europe Meeting brings together leaders representing 65 percent of global economic...
*China Q3 GDP growth slowest since early 2009. Official data earlier in the day underscored weakness in the economy in the face of a worsening trade war with the United States. China's blue-chip CSI300 index ended the day up 3 percent and the Shanghai Composite index rose 2.58 percent after slumping to near four-year lows.
*Q3 GDP +6.5 pct y/y, down from Q2, vs poll +6.6 pct. BEIJING, Oct 19- China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. The economy grew 6.5 percent in the third...
*China Q3 GDP growth slowest since Q1 2009. SHANGHAI, Oct 19- Chinese stocks bounced on Friday, erasing losses from the past two sessions after regulators pledged steps aimed at calming markets and supporting struggling firms, as Beijing moved quickly to mitigate rising risks to the economy. Official data earlier in the day underscored weakness in the economy...
*Q3 GDP +6.5 pct y/y, down from Q2, vs poll +6.6 pct. BEIJING, Oct 19- China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. The economy grew 6.5 percent in the third...
*Q3 GDP +6.5 pct y/y, down from Q2, vs poll +6.6 pct. BEIJING, Oct 19- China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. The economy grew 6.5 percent in the third...
*Q3 GDP +6.5 pct y/y, down from Q2, vs poll +6.6 pct. BEIJING, Oct 19- China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. The economy grew 6.5 percent in the third...
BEIJING, Oct 19- China's third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. The economy grew 6.5 percent in the third quarter from a year earlier, slower than the second quarter, the National Bureau...
*Q3 GDP +6.5 pct y/y, down from Q2, vs poll +6.6 pct. BEIJING, Oct 19- China's third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. The economy grew 6.5 percent in the third quarter from a year earlier, slower...
*China economy seen growing 6.6 pct y/y in Q3, vs 6.7 pct in Q2. BEIJING, Oct 19- China's third-quarter GDP data on Friday is expected to show growth slipped to its weakest pace since the global financial crisis, as domestic demand faltered and exporters started to feel the pinch from a bitter Sino-U.S. trade dispute. China is locked in a trade war with the United States,...
*China drags Asia shares lower; Europe flat. NEW YORK, Oct 18- The U.S. dollar index rose on Thursday alongside Treasury yields after Federal Reserve policymakers showed unity in favoring more rate hikes next year. Shanghai's benchmark index closed at a near four-year low and China's premier warned of risks to the economy.
*U.S. report doesn't label China as currency manipulator. China's premier warned of risks to the economy from an escalating tariff war with the United States. London's FTSE traded 0.1 percent higher and Frankfurt's DAX and Paris's CAC both rose 0.3 percent.
*U.S. report doesn't label China as currency manipulator. TOKYO, Oct 18- China's benchmark stock index skidded to four-year lows and dragged Asian equities down on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-U.S. trade conflict sapped confidence. China's stock markets were hit hard, with the nation's premier warning that...
SEOUL, Oct 18- South Korea's central bank kept its benchmark rate unchanged on Thursday but flagged concerns about mounting household debt and financial stability, boosting expectations that it could raise rates as soon as next month. While the Bank of Korea downgraded its gross domestic product growth forecasts for this year amid growing risks to global...
MANILA, Oct 18- London copper steadied on Thursday, with investors opting for caution after Chinese Premier Le Keqiang said China's economy faces increasing downward pressure amid an ongoing trade war with the United States. The most-traded December copper contract on the Shanghai Futures Exchange gained 0.4 percent to 50,280 yuan a tonne.
SEOUL, Oct 18- South Korea's central bank kept monetary policy steady on Thursday for a seventh straight meeting, as it assessed new signs of softness in the economy and the potential fallout from global trade frictions. The Bank of Korea decided to keep its benchmark seven-day repurchase rate at 1.50 percent, as expected by 14 of 21 economists in a Reuters poll.
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