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Showing 161 - 170 of 321 results for "Tariff"

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... and China appears to be close (again), it's still prudent not to write-off the possibility of a re-escalation in the tariff wars given Trump's recent targeting of Europe, Argentina and Brazil, and, of course, phase one might not be signed after ...

Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
... products; and, suggesting that the US-China deal could wait until after the 2020 elections - meaning that the proposed 15% tariff on US$160 billion worth of Chinese imports would be slapped as threatened. Argentina and Brazil may have to kowtow to Trump ...

Chief economist update: Bah humbug

BENJAMIN ONG  |  TUESDAY, 3 DEC 2019
"Have yourself a merry little Christmas, Let your heart be light From now on, Our troubles will be out of sight..." - Judy Garland Yes, Virginia, it looked like that over the past few weeks and into the first days of the Christmas month. The rally in ...

Chief economist update: Chinese green shoots?

BENJAMIN ONG  |  MONDAY, 2 DEC 2019
It might be a mere 0.2 point above the line but it was indication enough that China's manufacturing sector has stopped contracting. The official National Bureau of Statistics (NBS) China manufacturing PMI increased to a reading of 50.2 in November ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
The US-China trade deal/no trade deal seesaw continues to drive the markets' daily ups and downs. But behind these day-to-day swings is the rise and rise on Wall Street - to new record highs. To be sure, the third quarter reporting season was nothing ...

Chief economist update: Cloudy 2020 vision for OECD

BENJAMIN ONG  |  FRIDAY, 22 NOV 2019
Scratch that and lower it to 2.9%. In its 'Interim Economic Outlook' report published on September 19, the OECD lowered its world economic growth forecast from 3.6% in 2018 to 2.9% (down from 3.2% forecast in May 2019) this year and 3.0% (down ...

The AUD is key

BENJAMIN ONG  |  MONDAY, 18 NOV 2019
I painted a picture of the latest domestic surveys and stats last week arguing that the RBA would need to cut interest rates some more to try and reverse the trend deterioration in the domestic economy. In it I briefly touched on the Australian dollar ...

Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... would remain on hold at its next board meeting on November 5. Unlike China, Australia may not be playing the tit-for-tat tariff hike game with the US but it's in a race to the bottom with the Fed. Then again, Australian cash rates (currently at 0.75%) ...

Chief economist update: Are capital markets the next Sino-US battleground?

BENJAMIN ONG  |  MONDAY, 30 SEP 2019
US president Donald Trump might be thinking that it's a small price to pay - sending the US equity market down - in return for his broader objective of getting China to wave the white flag in this seemingly never-ending trade battle. US benchmark ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
Two down, none to go! There was division at the Fed - one official wanted a 50 bps rate cut; two wanted the target rate maintained - but after all was said and done, they were outvoted by the majority of seven (led by Fed chair Powell) which didn't ...