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Money Asia shares mixed on trade outlook, tighter China oversight

11:07  13 march  2018
11:07  13 march  2018 Source:   msn.com

US trading partners, businesses say tariffs will backfire

  US trading partners, businesses say tariffs will backfire BRUSSELS - The Trump administration's decision to impose tariffs on aluminum and steel imports drew warnings Friday from businesses and U.S. trading partners that the measure could backfire, provoking a trade war without resolving the problems it's intended to address. President Donald Trump said the tariffs, due to take effect in 15 days, are needed to protect U.S. workers. Businesses say the 25 per cent tariff on imported steel and 10 per cent levy on aluminum will jack up costs, raising prices for consumers and potentially putting people out of work.The move drew consternation outside the U.S.

BANGKOK (AP) — Shares were mixed in Asia on Tuesday following a lackluster day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump's announcement of hikes on steel and aluminum tariffs.

BANGKOK (AP) — Shares were mixed in Asia on Tuesday following a lackluster day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump's announcement of hikes on steel and aluminum tariffs.

a tall building in a city© Provided by thecanadianpress.com BANGKOK - Shares were mixed in Asia on Tuesday following a lacklustre day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump's announcement of hikes on steel and aluminum tariffs. Shares in Shanghai and Hong Kong fell as China announced a revamp of its financial regulatory regime.

KEEPING SCORE: Japan's Nikkei 225 index edged 0.2 per cent higher to $21,875.43 while South Korea's Kospi added 0.1 per cent to 2,486.31. The Hang Seng in Hong Kong fell 0.3 per cent to 31,507.76 and the Shanghai Composite index declined 0.2 per cent to 3,319.12. Australia's S&P ASX 200 dropped 0.5 per cent to 5,965.00. Shares rose in Taiwan and were mixed in Southeast Asia, with the SET in Thailand falling 0.2 per cent.

How tariffs could knock Harley-Davidson off course

  How tariffs could knock Harley-Davidson off course The new steel and aluminum levies couldn't come at a worse time for the struggling motorcycle makerMr. Trump highlighted that ethos on Thursday in officially imposing steep tariffs on steel and aluminum imports, which he says is necessary to ensure fair trade with other countries. But for Harley, the levies couldn't have come at a worse time.

World shares mixed amid concerns about trade barriers. By: ELAINE KURTENBACH, AP Business Writer. India's Sensex lost 0.4 percent to 33,791.35. Shares rose in Taiwan and were mixed in Southeast Asia , with the SET in Thailand down 0.2 percent.

Shares were mixed in Asia on Tuesday following a lackluster day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump's announcement of hikes on steel and aluminum tariffs. Shares in Shanghai and Hong Kong fell as China announced a revamp of its

WALL STREET: U.S. stocks were split Monday as technology companies climbed while Boeing and other industrial companies gave back some of the ground they won on Friday. The S&P 500 index 0.1 per cent to 2,783.02 and the Dow Jones industrial average declined 0.6 per cent to 25,178.61. Almost all of that loss came from three industrial stocks: Boeing, Caterpillar and United Technologies. The Nasdaq composite finished at another record high, adding 0.4 per cent to 7,588.32. The Russell 2000 index of smaller-company stocks rose 0.2 per cent to 1,601.06.

CHINA WATCHDOG: China announced plans Tuesday to create a newly powerful regulator to oversee scandal-plagued banking and insurance industries as they try to reduce debt and financial risks. The move is in line with the ruling Communist Party's efforts to tighten control over state-owned entities that dominate industries including banking, telecoms and energy in an effort to make them more efficient and productive.

Aurora Cannabis says CanniMed takeover successful

  Aurora Cannabis says CanniMed takeover successful Aurora Cannabis Inc. says its $1.1-billion bid to acquire CanniMed Therapeutics Inc. has been successful, and it will formally buy up the smaller company's shares "as soon as possible."Aurora Cannabis Inc. says its $1.1-billion bid to acquire CanniMed Therapeutics Inc. has been successful, and it will formally buy up the smaller company’s shares “as soon as possible.

BANGKOK >> Shares were mixed in Asia on Tuesday following a lackluster day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump’s Shares in Shanghai and Hong Kong fell as China announced a revamp of its financial regulatory regime.

BANGKOK — Shares were mixed in Asia on Tuesday following a lackluster day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump's Shares in Shanghai and Hong Kong fell as China announced a revamp of its financial regulatory regime.

QUALCOM-BROADCOM: Singapore computer chipmaker Broadcom said in a statement that it strongly disagrees with Trump's order to block its proposed acquisition of Qualcomm on the grounds it raises national security concerns. The decision, announced late Monday, abruptly ended Broadcom's four-month, $117 billion bid to buy Qualcomm — a deal that would have been the largest ever completed in the technology industry. Broadcom's Singapore connections complicated matters, even though the company maintained its physical headquarters in Silicon Valley and virtually all of its shareholders are in the U.S. In U.S. trading, Broadcom jumped $9.06, or 3.6 per cent, to $262.84 while Intel fell 67 cents, or 1.3 per cent, to $51.52. Qualcomm gave up 22 cents to $62.81.

ENERGY: Benchmark U.S. crude fell 13 cents to $61.23 a barrel in electronic trading on the New York Mercantile Exchange. It lost 68 cents, or 1.1 per cent, to $61.36 a barrel in New York. Brent crude, used to price international oils, gave up 12 cents to $64.83 per barrel. It shed 54 cents to $64.95 a barrel in London.

CURRENCIES: The dollar rose to 106.66 yen from 106.41 late Monday. The euro fell to $1.2330 from $1.2336.

Trump Hits $50 Billion of China Goods Amid Fears of Trade War .
Trump Hits $50 Billion of China Goods Amid Fears of Trade War(Bloomberg) -- President Donald Trump took his boldest step to level the economic playing field with China, ordering sweeping tariffs on Chinese goods in a move that could escalate already tense trade relations between the world’s two biggest economies.

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