How India’s economy went from weak to fastest growing in the world

Indian voters are deciding on their next prime minister and one key issue that could sway voters is how much Prime Minister Narendra Modi has done with the country’s economy. India’s economy is the fastest growing large economy in the world. The United Nations expects India’s current population of 1.3 billion to keep growing and surpass China by 2024. A few years ago, Prime Minister Modi, promised to add 10 million jobs to help boost the economy. And GDP per capita, which is a measure of wealth


Indian voters are deciding on their next prime minister and one key issue that could sway voters is how much Prime Minister Narendra Modi has done with the country’s economy. India’s economy is the fastest growing large economy in the world. The United Nations expects India’s current population of 1.3 billion to keep growing and surpass China by 2024. A few years ago, Prime Minister Modi, promised to add 10 million jobs to help boost the economy. And GDP per capita, which is a measure of wealth
How India’s economy went from weak to fastest growing in the world Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: natalie zhang
Keywords: news, cnbc, companies, wide, prime, weak, world, modi, country, indias, china, growing, economy, fastest, voters, minister, went


How India's economy went from weak to fastest growing in the world

Indian voters are deciding on their next prime minister and one key issue that could sway voters is how much Prime Minister Narendra Modi has done with the country’s economy.

India’s economy is the fastest growing large economy in the world. The United Nations expects India’s current population of 1.3 billion to keep growing and surpass China by 2024.

However, the country is facing a few obstacles.

A few years ago, Prime Minister Modi, promised to add 10 million jobs to help boost the economy.

That hasn’t really happened. The unemployment rate now sits at a 45-year high. And GDP per capita, which is a measure of wealth across a country, lags behind rivals like China by a wide margin.

Can India keep growing at such a fast pace? And if it does, at what cost?


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: natalie zhang
Keywords: news, cnbc, companies, wide, prime, weak, world, modi, country, indias, china, growing, economy, fastest, voters, minister, went


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Goldman Sachs expects weak earnings growth across all major markets in 2019

Investors can expect weak earnings growth across all major markets in 2019, according to Goldman Sachs’ chief global equity strategist. Both Goldman and Citigroup missed revenue estimates in financial results announced on Monday, with fellow Wall Street giants Morgan Stanley and Bank of America scheduled to report earnings later this week. “We do think that earnings growth is going to be quite weak this year in all of the major markets,” he said. “So having seen the rebound that we’ve had alread


Investors can expect weak earnings growth across all major markets in 2019, according to Goldman Sachs’ chief global equity strategist. Both Goldman and Citigroup missed revenue estimates in financial results announced on Monday, with fellow Wall Street giants Morgan Stanley and Bank of America scheduled to report earnings later this week. “We do think that earnings growth is going to be quite weak this year in all of the major markets,” he said. “So having seen the rebound that we’ve had alread
Goldman Sachs expects weak earnings growth across all major markets in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: elliot smith
Keywords: news, cnbc, companies, europe, sachs, goldman, think, markets, secondhalf, recovery, expects, earnings, growth, major, 2019, going, weak


Goldman Sachs expects weak earnings growth across all major markets in 2019

Investors can expect weak earnings growth across all major markets in 2019, according to Goldman Sachs’ chief global equity strategist.

Both Goldman and Citigroup missed revenue estimates in financial results announced on Monday, with fellow Wall Street giants Morgan Stanley and Bank of America scheduled to report earnings later this week.

Goldman’s Peter Oppenheimer told CNBC’s “Squawk Box Europe” on Tuesday that more dovish guidance from central banks has been crucial in triggering a recovery in equity markets, meaning the focus will now shift to earnings season.

“We do think that earnings growth is going to be quite weak this year in all of the major markets,” he said. “So having seen the rebound that we’ve had already, much is going to depend now on how far earnings can grow, and I think that’s going to be quite modest.”

While the first quarter is expected to be negative for the U.S., Goldman Sachs expects a recovery at quarterly level during the second-half of the year, both in the U.S. and globally.

He added: “We do think global activity will improve in the second-half of the year, even in Europe which has really lagged behind, we have some tailwinds from moderation in fiscal policy, particularly in Germany, and also Europe should benefit from the pickup in China and elsewhere.”


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: elliot smith
Keywords: news, cnbc, companies, europe, sachs, goldman, think, markets, secondhalf, recovery, expects, earnings, growth, major, 2019, going, weak


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Rite Aid posts a mixed fourth quarter, gives weak full-year forecast

Rite Aid on Thursday posted mixed fourth-quarter earnings results and gave a weak forecast for the upcoming fiscal year. When adjusted, Rite Aid lost 1 cent per share, better than the 2 cent per share loss analysts surveyed by Refinitiv expected. Rite Aid sold nearly half of its stores to Walgreens Boots Alliance after regulators thwarted an outright sale of the company, leaving Rite Aid with a much smaller footprint — and a much weaker negotiating position than its larger rivals. Rite Aid last


Rite Aid on Thursday posted mixed fourth-quarter earnings results and gave a weak forecast for the upcoming fiscal year. When adjusted, Rite Aid lost 1 cent per share, better than the 2 cent per share loss analysts surveyed by Refinitiv expected. Rite Aid sold nearly half of its stores to Walgreens Boots Alliance after regulators thwarted an outright sale of the company, leaving Rite Aid with a much smaller footprint — and a much weaker negotiating position than its larger rivals. Rite Aid last
Rite Aid posts a mixed fourth quarter, gives weak full-year forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: angelica lavito, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, forecast, million, billion, fourth, quarter, aid, share, company, weak, sales, fiscal, rite, fullyear, cents, loss, posts, mixed, gives


Rite Aid posts a mixed fourth quarter, gives weak full-year forecast

Rite Aid on Thursday posted mixed fourth-quarter earnings results and gave a weak forecast for the upcoming fiscal year.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: A loss of 1 cent, adjusted, vs. a loss of 2 cents expected

Revenue: $5.38 billion vs. $5.56 billion expected

Rite Aid’s pharmacy benefit manager, EnvisionRx, signed up more Medicare Part D members, helping grow the unit’s revenue to $1.46 billion, a 1.2 percent increase from the year-earlier quarter. Sales of retail goods and medications at pharmacies open for at least a year increased 0.7 percent from last year. Prescription medication sales led the growth while sales of drugstore staples like candy and paper towels declined.

On an unadjusted basis, Rite Aid reported a fiscal fourth-quarter loss of $273 million, or 26 cents per share, down from a gain of $767 million, or 73 cents per share a year earlier. When adjusted, Rite Aid lost 1 cent per share, better than the 2 cent per share loss analysts surveyed by Refinitiv expected. Net sales dropped to $5.38 billion from $5.39 billion, below expectations of $5.56 billion.

“In the fourth quarter, we continued generating critical momentum in key areas of our business while taking important steps to position Rite Aid for future growth,” outgoing CEO John Standley said in a statement.

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For fiscal 2020, Rite Aid said it expects earnings per share to fall between a loss of a penny to a gain of 4 cents. It also projected revenue to fall between $21.5 billion and $21.9 billion. Analysts were predicting earnings of 2 cents per share and revenue of $22.09 billion. The company expects same-store sales to be flat or increase up to 1 percent.

Rite Aid sold nearly half of its stores to Walgreens Boots Alliance after regulators thwarted an outright sale of the company, leaving Rite Aid with a much smaller footprint — and a much weaker negotiating position than its larger rivals.

Shares of Rite Aid slid nearly 1.3 percent to 56 cents in premarket trading. Rite Aid’s shares have lost 66 percent of their value over the past year, with the price hovering under $1 since December. The company plans a reverse stock split at a ratio of 1-for-20, effective April 22, to prevent the New York Stock Exchange from delisting its shares.

Rite Aid last month said Standley, Chief Operating Officer Kermit Crawford and Chief Financial Officer Darren Karst would all leave. The company also cut 400 full-time jobs, or 20 percent of its corporate positions. Rite Aid said the move would save $55 million a year, with about $42 million being realized in fiscal 2020.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: angelica lavito, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, forecast, million, billion, fourth, quarter, aid, share, company, weak, sales, fiscal, rite, fullyear, cents, loss, posts, mixed, gives


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Wells Fargo downgrades Harley-Davidson on weak market and tariff worries

Wells Fargo downgraded Harley-Davidson on Monday to a neutral rating, citing a persistently weak market for large motorcycles, uncertainty over tariffs and a “long path to stabilization.” Much of Harley-Davidson’s customer base is older, and younger buyers are less interested in the big, brash motorcycles the company specializes in. “As demographics and consumer preferences shift, large heavyweight motorcycles, regardless of brand, remain challenged,” said Wells Fargo analyst Timothy Conder in a


Wells Fargo downgraded Harley-Davidson on Monday to a neutral rating, citing a persistently weak market for large motorcycles, uncertainty over tariffs and a “long path to stabilization.” Much of Harley-Davidson’s customer base is older, and younger buyers are less interested in the big, brash motorcycles the company specializes in. “As demographics and consumer preferences shift, large heavyweight motorcycles, regardless of brand, remain challenged,” said Wells Fargo analyst Timothy Conder in a
Wells Fargo downgrades Harley-Davidson on weak market and tariff worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: robert ferris, fabian bimmer
Keywords: news, cnbc, companies, worries, motorcycles, downgrades, large, tariff, market, younger, wells, regardless, brand, tend, weak, tariffs, harleydavidson, international, fargo


Wells Fargo downgrades Harley-Davidson on weak market and tariff worries

Wells Fargo downgraded Harley-Davidson on Monday to a neutral rating, citing a persistently weak market for large motorcycles, uncertainty over tariffs and a “long path to stabilization.”

Though the iconic American bike maker has embarked on an ambitious plan to revamp its product line and attract new riders, a number of voices on Wall Street still think Harley-Davidson has a lot of work ahead of it in a fundamentally changing landscape.

Much of Harley-Davidson’s customer base is older, and younger buyers are less interested in the big, brash motorcycles the company specializes in. Younger buyers tend to favor smaller motorcycles, and often tend to be interested in motorcycles for practical benefits such as ease of ownership and fuel costs, rather than as lifestyle purchases.

Harley also faces competition from the likes of Polaris’s Indian brand, among others.

“As demographics and consumer preferences shift, large heavyweight motorcycles, regardless of brand, remain challenged,” said Wells Fargo analyst Timothy Conder in a note Monday. “We believe HOG’s plans for mid/small bikes, growing ridership, bringing in younger demographics to the brand and international expansion (led by Asia), collectively should provide meaningful growth opportunity over time.”

Shares of Harley-Davidson were down nearly 1% Monday afternoon. The stock has risen by 16.85% since the beginning of the year.

Tariffs are also a concern, though Harley-Davidson has tried to protect itself from risks emerging from an ongoing international trade war. The company is shifting production bikes meant for the European Union to Thailand, in order to guard against E.U. tariffs on U.S. made motorcycles. But there is a risk of tariffs on any motorcycle imports to Europe, regardless of where they are made, Conder said.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: robert ferris, fabian bimmer
Keywords: news, cnbc, companies, worries, motorcycles, downgrades, large, tariff, market, younger, wells, regardless, brand, tend, weak, tariffs, harleydavidson, international, fargo


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Fed’s Rosengren says weak foreign bond yields are hurting US long-term yields

A top official at the U.S. Federal Reserve said Tuesday that weak bond yields in other countries are hurting U.S. long-term bond yields. Investors are watching declining long-term yields after a stock tumble Friday and an inversion of the so-called yield curve in U.S. bond markets. Rosengren said long-term bond yields are falling in a number of countries. He cited as an example Germany’s 10-year bond yield, which is close to zero. Bond yields decline when bond prices rise.


A top official at the U.S. Federal Reserve said Tuesday that weak bond yields in other countries are hurting U.S. long-term bond yields. Investors are watching declining long-term yields after a stock tumble Friday and an inversion of the so-called yield curve in U.S. bond markets. Rosengren said long-term bond yields are falling in a number of countries. He cited as an example Germany’s 10-year bond yield, which is close to zero. Bond yields decline when bond prices rise.
Fed’s Rosengren says weak foreign bond yields are hurting US long-term yields Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: kelly olsen, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, hurting, yellen, yields, bond, united, foreign, rosengren, yield, feds, states, longterm, weak, reserve, rest


Fed's Rosengren says weak foreign bond yields are hurting US long-term yields

A top official at the U.S. Federal Reserve said Tuesday that weak bond yields in other countries are hurting U.S. long-term bond yields. Still, Boston Federal Reserve President Eric Rosengren expects Treasurys to eventually start inching higher.

Investors are watching declining long-term yields after a stock tumble Friday and an inversion of the so-called yield curve in U.S. bond markets. That occurs when short-term rates surpass longer-term yields. That in turn hurts the profits that banks get from lending. It’s considered a recession warning sign.

Rosengren said long-term bond yields are falling in a number of countries. He cited as an example Germany’s 10-year bond yield, which is close to zero. Slowing economic growth in Europe and Asia is contributing to those declines, he said during a panel discussion at the Credit Suisse Asian Investment Conference in Hong Kong on Tuesday.

Bond yields decline when bond prices rise.

“I think there’s a lot less risk in the United States economy than there is in the rest of the world, but those lower yields are in part pushing down yields in the United States as well,” Rosengren said.

Rosengren added that if his forecast for America’s economic growth of between 2 to 2.5 percent for the rest of the year pans out, and the U.S. starts to hit its inflation target, then the 10-year yield “will go up a little bit from where it is now.”

He joined former Fed chair Janet Yellen in taking a seemingly unworried view of the inverted yield curve. Yellen pointed out that while the inversion does not suggest there will be a downturn, it could signal the Fed may at some point need to cut interest rates.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: kelly olsen, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, hurting, yellen, yields, bond, united, foreign, rosengren, yield, feds, states, longterm, weak, reserve, rest


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Investors should be ‘kicking the tires’ on these undervalued stocks, analysts say

“Newell shares continue to fade following a disappointing Q4 earnings report on 2/15. On Thursday, Newell reported weak sales and announced that CEO Michael Polk will leave the company at the end of June. Shares of Newell Brands are about unchanged over the last week to $15.33. “Net-net, we are buyers on any weakness in front of Apple’s event,” Zgutowicz said. Analysts finding cheap stocks this week:


“Newell shares continue to fade following a disappointing Q4 earnings report on 2/15. On Thursday, Newell reported weak sales and announced that CEO Michael Polk will leave the company at the end of June. Shares of Newell Brands are about unchanged over the last week to $15.33. “Net-net, we are buyers on any weakness in front of Apple’s event,” Zgutowicz said. Analysts finding cheap stocks this week:
Investors should be ‘kicking the tires’ on these undervalued stocks, analysts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: michael bloom
Keywords: news, cnbc, companies, stocks, weak, apples, event, analyst, analysts, week, undervalued, say, zgutowicz, kicking, shares, tires, newell, announced, investors, wrote


Investors should be 'kicking the tires' on these undervalued stocks, analysts say

This chart may be flashing a huge warning sign for the markets 11 Hours Ago | 04:05

Last month, on the heels of the wildly successful Epic Games’ ‘Fortnite’, Activision issued a weak forecast and announced it was cutting 8 percent of its staff. But Olson is betting on a rebound.

“Newell shares continue to fade following a disappointing Q4 earnings report on 2/15. At this point, we believe expectations have been sufficiently rebased and that investor sentiment is now ‘so bad, it’s actually good’,” wrote Wells Fargo analyst Bonnie Herzog.

On Thursday, Newell reported weak sales and announced that CEO Michael Polk will leave the company at the end of June. Shares of Newell Brands are about unchanged over the last week to $15.33.

If Spotify shares fall leading up to Apple’s March 25th event, where the iPhone is expected to unveil streaming TV and subscription news services, it could be a reason to buy, noted Rosenblatt Securities analyst Mark Zgutowicz. “Net-net, we are buyers on any weakness in front of Apple’s event,” Zgutowicz said.

Earlier this week, the music-streaming service filed a complaint in Europe saying Apple Music has an unfair advantage.

The stock is down 0.2 percent over the last month.

Analysts finding cheap stocks this week:


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: michael bloom
Keywords: news, cnbc, companies, stocks, weak, apples, event, analyst, analysts, week, undervalued, say, zgutowicz, kicking, shares, tires, newell, announced, investors, wrote


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Eventbrite crashes 25% after giving weak revenue guidance

Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue between $80 million and $84 million. For the fourth quarter, Eventbrite reported a larger-than-expected loss per share, but revenue topped expectations. As of their Thursday close, shares of Eventbrite were up more than 16 percent since the beginning of the year. On Thursday, Eventbrite shares closed at $32.42, but were seen trading


Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue between $80 million and $84 million. For the fourth quarter, Eventbrite reported a larger-than-expected loss per share, but revenue topped expectations. As of their Thursday close, shares of Eventbrite were up more than 16 percent since the beginning of the year. On Thursday, Eventbrite shares closed at $32.42, but were seen trading
Eventbrite crashes 25% after giving weak revenue guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: christine wang, brendan mcdermid
Keywords: news, cnbc, companies, million, share, eventbrite, cents, shares, wall, company, weak, guidance, 25, giving, crashes, revenue, street, vs


Eventbrite crashes 25% after giving weak revenue guidance

Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections.

The company said it sees first-quarter revenue between $80 million and $84 million. That’s far short of the $91 million analysts polled by Refinitiv had forecast.

The stock fell as much as 25 percent in after-hours trade. It was last seen slightly off those lows but still about 20 percent below its closing price.

For the fourth quarter, Eventbrite reported a larger-than-expected loss per share, but revenue topped expectations. Here’s how the company did compared with Wall Street expectations:

Loss per share: 17 cents, vs. 14 cents forecast by Refinitiv

Revenue: $75.9 million, vs. $73.2 million forecast by Refinitiv

In the year-ago quarter, Eventbrite posted a loss of 89 cents per share on $62.7 million in revenue.

As of their Thursday close, shares of Eventbrite were up more than 16 percent since the beginning of the year.

The company went public in September, opening at $36 per share. On Thursday, Eventbrite shares closed at $32.42, but were seen trading below $26 in extended trading.

This story is developing. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: christine wang, brendan mcdermid
Keywords: news, cnbc, companies, million, share, eventbrite, cents, shares, wall, company, weak, guidance, 25, giving, crashes, revenue, street, vs


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Eventbrite crashes 25% after giving weak revenue guidance

Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue between $80 million and $84 million. For the fourth quarter, Eventbrite reported a larger-than-expected loss per share, but revenue topped expectations. As of their Thursday close, shares of Eventbrite were up more than 16 percent since the beginning of the year. On Thursday, Eventbrite shares closed at $32.42, but were seen trading


Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue between $80 million and $84 million. For the fourth quarter, Eventbrite reported a larger-than-expected loss per share, but revenue topped expectations. As of their Thursday close, shares of Eventbrite were up more than 16 percent since the beginning of the year. On Thursday, Eventbrite shares closed at $32.42, but were seen trading
Eventbrite crashes 25% after giving weak revenue guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: christine wang, brendan mcdermid
Keywords: news, cnbc, companies, cents, weak, shares, vs, wall, giving, crashes, guidance, eventbrite, revenue, 25, million, street, share, company


Eventbrite crashes 25% after giving weak revenue guidance

Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections.

The company said it sees first-quarter revenue between $80 million and $84 million. That’s far short of the $91 million analysts polled by Refinitiv had forecast.

The stock fell as much as 25 percent in after-hours trade. It was last seen slightly off those lows but still about 20 percent below its closing price.

For the fourth quarter, Eventbrite reported a larger-than-expected loss per share, but revenue topped expectations. Here’s how the company did compared with Wall Street expectations:

Loss per share: 17 cents, vs. 14 cents forecast by Refinitiv

Revenue: $75.9 million, vs. $73.2 million forecast by Refinitiv

In the year-ago quarter, Eventbrite posted a loss of 89 cents per share on $62.7 million in revenue.

As of their Thursday close, shares of Eventbrite were up more than 16 percent since the beginning of the year.

The company went public in September, opening at $36 per share. On Thursday, Eventbrite shares closed at $32.42, but were seen trading below $26 in extended trading.

This story is developing. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: christine wang, brendan mcdermid
Keywords: news, cnbc, companies, cents, weak, shares, vs, wall, giving, crashes, guidance, eventbrite, revenue, 25, million, street, share, company


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Credit Suisse on stocks: ‘We love China at the moment’

Credit Suisse sees further upside for the Chinese markets, even after shares on the mainland made their largest monthly gain in almost four years in February. “I think (the) China market is going to go up from here, all the signs are there,” Suresh Tantia, a senior investment strategist at Credit Suisse’s Asia-Pacific CIO Office, told CNBC’s “Capital Connection” on Friday. “If you’re a global equity fund manager, I think you need to be in China.” Tantia said there were a number of reasons behind


Credit Suisse sees further upside for the Chinese markets, even after shares on the mainland made their largest monthly gain in almost four years in February. “I think (the) China market is going to go up from here, all the signs are there,” Suresh Tantia, a senior investment strategist at Credit Suisse’s Asia-Pacific CIO Office, told CNBC’s “Capital Connection” on Friday. “If you’re a global equity fund manager, I think you need to be in China.” Tantia said there were a number of reasons behind
Credit Suisse on stocks: ‘We love China at the moment’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: eustance huang, -suresh tantia, senior investment strategist at credit suisses asi
Keywords: news, cnbc, companies, upside, love, think, uschina, moment, stocks, youre, suisse, china, told, tantia, trade, credit, signs, weak


Credit Suisse on stocks: 'We love China at the moment'

Credit Suisse sees further upside for the Chinese markets, even after shares on the mainland made their largest monthly gain in almost four years in February.

“I think (the) China market is going to go up from here, all the signs are there,” Suresh Tantia, a senior investment strategist at Credit Suisse’s Asia-Pacific CIO Office, told CNBC’s “Capital Connection” on Friday. “If you’re a global equity fund manager, I think you need to be in China.”

Tantia said there were a number of reasons behind his positive take on China.

One such factor was optimism over the state of the ongoing U.S.-China trade negotiations, he said: “There have been signs that, most likely, we will see some sort of deal taking place in the next few months.”

Furthermore, he added, China’s economy appears to be stabilizing despite the weak February manufacturing numbers from the country.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: eustance huang, -suresh tantia, senior investment strategist at credit suisses asi
Keywords: news, cnbc, companies, upside, love, think, uschina, moment, stocks, youre, suisse, china, told, tantia, trade, credit, signs, weak


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Trump, Lighthizer dispute may result in ‘inadequate’ and ‘weak’ US-China trade deal, expert says

With strains showing up in the relationship between the U.S. President Donald Trump and his Trade Representative Robert Lighthizer, one expert has expressed concerns that Trump would settle for an “inadequate” and “weak” deal with China. The comment by Niall Ferguson, senior fellow at the Hoover Institution at Stanford University, came after several public disputes between the president and Lighthizer on matters related to the U.S.-China trade war. Lighthizer gave in after some back-and-forth wi


With strains showing up in the relationship between the U.S. President Donald Trump and his Trade Representative Robert Lighthizer, one expert has expressed concerns that Trump would settle for an “inadequate” and “weak” deal with China. The comment by Niall Ferguson, senior fellow at the Hoover Institution at Stanford University, came after several public disputes between the president and Lighthizer on matters related to the U.S.-China trade war. Lighthizer gave in after some back-and-forth wi
Trump, Lighthizer dispute may result in ‘inadequate’ and ‘weak’ US-China trade deal, expert says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: yen nee lee
Keywords: news, cnbc, companies, trump, lighthizer, inadequate, expert, president, term, uschina, dispute, deal, robert, phrase, weak, result, trade, overrule


Trump, Lighthizer dispute may result in 'inadequate' and 'weak' US-China trade deal, expert says

With strains showing up in the relationship between the U.S. President Donald Trump and his Trade Representative Robert Lighthizer, one expert has expressed concerns that Trump would settle for an “inadequate” and “weak” deal with China.

The comment by Niall Ferguson, senior fellow at the Hoover Institution at Stanford University, came after several public disputes between the president and Lighthizer on matters related to the U.S.-China trade war.

Last week, Trump and Lighthizer sparred in front of journalists — and Chinese representatives led by Vice Premier Liu He — over whether “memorandum of understanding” is the right phrase to term the agreement that the U.S. and China are negotiating.

The two sides were reportedly drawing up six MOUs which would form the building blocks of a final deal. But Trump objected to the use of the term, arguing that “they don’t mean anything.” Lighthizer gave in after some back-and-forth with his boss and opted to use “trade agreement” instead.

“I think the big question … is whether or not President Trump is going to overrule Robert Lighthizer and take a deal that Lighthizer would regard as inadequate, as weak. I very much hope he doesn’t do that because Robert Lighthizer has been doing an excellent job driving a very hard bargain and when Lighthizer says we’re not there yet, I take that very seriously,” Ferguson told CNBC’s “Closing Bell” on Wednesday.

“We saw just the other day the president has the power to overrule [Lighthizer], even in the terminology of the deal … Robert Lighthizer had to very quickly drop that phrase and get on with the Trumpian language like a ‘trade deal,'” he added.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: yen nee lee
Keywords: news, cnbc, companies, trump, lighthizer, inadequate, expert, president, term, uschina, dispute, deal, robert, phrase, weak, result, trade, overrule


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