These full of fishermen into their prey is really really big. Pieces d. W. Business. In berlin asian stock market slipped for the 8th session in a row the escalating us china trade war is casting a wide shot shadow traders worry about the continued weakness of the yuan against the dollar stock market benchmarks in tokyo hong kong and soledad down around half a percent china is intervening to steady its currency after recent folds of the currency slipped in one state trading keeping markets guessing Goldman Sachs has announced it no longer expects a deal in the u. S. China trade for the 2020 u. S. President ial election Morgan Stanley believes could tip the Global Economy into recession by the middle of next year. Meanwhile more dovish tones for. The white house Donald Trumps Economic Advisor larry kudlow pointed to upcoming bilateral talks as a source of confidence. The door is open for additional negotiations. We are planning. For the chinese the in the coming year in september you kn
This is the deputy business i got out of his in berlin welcome one year ago today u. S. Sanctions against iran over its Nuclear Program were reintroduced that means the u. S. Punish everyone who trades with iran the sanctions bit and irans economy is in freefall soaring inflation has even prompted the government to safe for was zeroes off the value of the currency meanwhile many Foreign Companies a pulling the plug on their prey sions in iraq once upon a time doing business in iran was reasonably straightforward its now Foreign Companies operating there are finding themselves caught up in political strife of the 120. 00 german firms that had a presence in the country hof have not pulled a fearful of angering the United States if they stay. European businesses that want to keep trading with iran without infringing u. S. Sanctions can do so by using a specially created instrument called insects but take up is not widespread and the reintroduction of u. S. Sanctions hasnt only damaged bus
A global slowdown europes economic motor may be running out of gas water mode of supply or continentals net profit slumped 41 percent in the 2nd quarter and the company has announced plans to shut down an entire factory. Competitors shiflet and bush also lowered their earnings expectations and said the stuff would have to be let go falling demand is hurting Steel Companies like to the company is bracing for a loss this year. And exporters are feeling the squeeze from the u. S. Side no trade war and brics it worries for economists the signs are clear germany is heading towards a recession overall industrial output in june this year was down one and a half percent compared to made that was a far bigger drop than analysts had been forecasting compared to june of last year it was an even greater fall 5. 2 percent the biggest decline since the financial crisis broke a decade ago industrial output is expected to drop further in the next 3 months. The trade spat between the u. S. And china is
Company has announced plans to shut down an entire factory. Competitors shiflet and bush also lowered their earnings expectations and said the stuff would have to be let go falling demand is hurting Steel Companies like some corp to the company is bracing for a loss this year. And exporters are feeling the squeeze from the u. S. Side no trade war and brics it worries for economists the signs are clear germany is heading towards a recession overall industrial output in june this year was down one and a half percent compared to may that was a bigger drop than analysts had been forecasting compared to june of last year it was an even greater fall 5. 2 percent the biggest decline since the financial crisis broke a decade ago industrial output is expected to drop further in the next 3 months. The trade spat between the u. S. And china is only getting worse but some reprieve on the economic front as beijing pulled this out of its chinese exports rose 3 and a 3rd percent last month on the sam
Business im joined now on in berlin welcome experts say europes biggest economy could already be in recession the big german engineering firms car makers and suppliers are all in crisis hit by profit downturns a lot of companies are cutting jobs or reducing hours it raises the risks of a global slowdown europes economic motor may be running out of gas would a mode of supply a continentals net profit slumped 41 percent in the 2nd quarter and the company has announced plans to shut down an entire factory. Competitors shiflet and bush also lowered their earnings expectations and said the stuff would have to be let go falling demand is hurting Steel Companies like sun corp to the company is bracing for a loss this year. And exporters are feeling the squeeze from the u. S. Side no trade war and brics it worries for economists the signs are clear germany is heading towards a recession overall industrial output in june this year was down one and a half percent compared to money that was a far