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☆ Did Starbucks' job in China just get tougher? Here's our take on new campaign tariff talk
▼ + stars: | 2024-03-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

During Trump's trade war, Chinese consumers turned away from some U.S. goods and services in protest. SBUX 1Y mountain Starbucks 1 year Shares of Starbucks rose 1% on Monday as investors, perhaps, shrugged off China trade war worries. Such a scenario could fuel skepticism — already a worry among investors — about Starbucks' appeal to a broad swath of Chinese consumers. "I fear they're too expensive for China," Jim Cramer recently said, referring to Starbucks. As the coffee market matures in China, Starbucks believes the industry will undergo a more defined tiered competition dynamic, which would expand opportunities as a high-end brand.

Persons: Donald Trump, Joe Biden, Kevin Johnson, we're, shrugged, Jim Cramer, Jeff Marks, Peter Saleh, wouldn't, Saleh, Trump, Biden, Jim Cramer's, Jim, Alex Tai Organizations: CNBC, Democratic, Starbucks, U.S, Club, Getty Locations: China, U.S, Washington, Beijing, Trump, India

☆ With Super Tuesday over, China and Xi may be praying for Trump to beat Biden
▼ + stars: | 2024-03-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

With Super Tuesday setting the US up for a Biden-Trump rematch, it looks like China has no good choices. But a rising perspective among experts on China posits that Beijing has good reason to hope Trump retakes the White House. Both President Joe Biden and Trump are expected to continue their aggression toward China, with Biden locking away US tech exports and Trump more recently threatening a 60% tariff on Chinese goods. Whichever way Beijing is betting, it's hard to say which man its preferred pick would be. AdvertisementWith close-to-clean sweeps across the board on Super Tuesday, both Biden and Trump are now all but confirmed to be their respective parties' nominees.

Persons: Trump, —, Xi Jinping, Donald Trump, Joe Biden, Biden, Chengxin, Pan, MAGA, skittish, Stanley Rosen, Agathe Demarais, Demarais, shelve, China that's, it's, Ian Ja Chong, they're Organizations: Biden, Trump, Service, China, Associated Press, University of Macau, University of Southern California's China Institute, geoeconomics, European Council, Foreign Relations, Foreign Policy, National University of Singapore, White Locations: China, Beijing, Shanghai, Ukraine, Russia, New York

☆ There's a rot in China that's from its false sense of confidence in its leadership, says Jim Cramer
▼ + stars: | 2024-02-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

There's a rot in China that's from its false sense of confidence in its leadership, says Jim Cramer'Mad Money' host Jim Cramer digs into the Chinese economy and where its problems stem from.

Persons: Jim Cramer Locations: China

☆ Why the U.S. may extend its run as the world's leading economy
▼ + stars: | 2024-01-10 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

The U.S., China and India may take turns leading the global economy this century, according to an analysis from the Centre for Economics and Business Research. The CEBR forecast suggests China could potentially take the top spot as the world's largest economy by gross domestic product as early as 2037. "The ranking of which is the largest economy in the world — that doesn't take into account things like living standards. Around the world, policymakers are spending large sums of public funds to prepare for social and environmental challenges that may be ahead. Watch the video above to learn more about the race to be the world's largest economy.

Persons: Nina Skero, Mariana Mazzucato, we're, China that's, Joe Biden, Xi Jinping, Yasheng Huang, Rajiv Biswas Organizations: U.S, Centre for Economics, Business Research, University College London, Washington, MIT Sloan School of Management, P Global Market Intelligence, CNBC Locations: China, India, U.S, Japan, South Korea, Asia, Pacific

☆ It's not just China —India's now pushing a de-dollarization narrative by touting the use of the rupee for trade
▼ + stars: | 2023-07-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

India's pushing to internationalize the Indian rupee, according to a report from its central bank. The US dollar has been the world's reserve currency since the Second World War, playing a crucial role in the world's trade and financial system. In its Wednesday report, the RBI working group encouraged the opening of rupee-denominated accounts for non-residents in India and overseas. While the macro geopolitical environment is spurring countries to seek alternative currencies to trade with, there's long been uneasiness over the dollar's outsized dominance in global trade and finance. Just 0.01% of India's trade in goods was settled in the rupee last year, Bloomberg reported on Friday citing people familiar with the matter.

Persons: —, It's, India's, Narendra Modi's Organizations: Service, Reserve Bank of India, Bank of International, Bloomberg Locations: China, Russia, India, Moscow

"We'll have a much better sense after we get another major data point on Friday with the jobs report and the inflation data next week." MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 0.93% lower, while Japan's Nikkei (.N225) lost 0.25%. In currencies, the U.S. dollar edged higher against other major currencies after Fed minutes reinforced expectations of another interest rate hike at the end of the month. The dollar index rose 0.272%, with the euro down 0.22% to $1.0853. And market participants were awaiting demand data from the July 4 U.S. holiday weekend, which tends to mark the peak U.S. travel season.

Persons: Mike Segar, outstrip Brent, Michael James, Jack Janasiewicz, Janasiewicz, ”, Paul Nolte, Sterling, Brent, Sinéad Carew, Lewis Krauskopf, Tom Wilson, Stella Qiu, Dhara, Sam Holmes, Helen Popper, Will Dunham, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, . Federal Reserve, Wedbush Securities, U.S . Commerce, Companies, U.S, Solutions, Traders, Murphy, Sylvest Wealth Management, “, Dow Jones, Nasdaq, Japan's Nikkei, Treasury, Brent, Thomson Locations: Manhattan, New York City , New York, U.S, Los Angeles, United States, China, Washington, Europe, Asia, Pacific, Japan, Saudi Arabia, Russia, New York, London, Sydney

☆ Ukraine wants to win China over as Russia's invasion continues. Some say it shouldn't bother trying
▼ + stars: | 2023-03-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian servicemen head toward Bakhmut in a BMP infantry fighting vehicle, in eastern Ukraine on March 22, 2023. The Kremlin said Wednesday that Ukraine's "peace formula" had not been discussed by Xi and Putin. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. "I'm not confident that China's plans, and 12-point peace plan, is good for Ukraine — I think that this is a very bad deal for Ukraine, and that this is a plan for Russia. The proposed peace plan and latest talks between Xi and Putin offer little tangible substance on how a lasting peace could actually be achieved in Ukraine.

☆ Goldman Sachs: China's reopening economy is gaining momentum, and these 50 stocks are best positioned to benefit from the robust rally
▼ + stars: | 2023-01-26 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Goldman Sachs recently boosted economic growth estimates for both China and Europe. Since November, the SSE Composite Index (in dark blue) and the STOXX Europe 600 (in purple) have beaten the S&P 500 (in light blue). That led Goldman Sachs to boost its 2023 GDP estimate for the nation from 4.5% to 5.5%, driven by an 8.5% increase in inflation-adjusted consumption. Robust growth in China now means that Europe will avoid a recession this winter, according to Goldman Sachs. But Chinese stocks won't be the only ones to benefit from the nation's economic boom.

The White House said earlier in the week that China had not asked the United States for vaccines. One U.S. official told Reuters there was "no expectation at present" that China would approve western vaccines. "It seems fairly far-fetched that China would greenlight Western vaccines at this point. Amid a record year for missile tests, North Korean leader Kim Jong Un said last week his country intends to have the world's most powerful nuclear force. He said China had considerable leverage to press North Korea over its weapons tests, but that he was not optimistic about Beijing "doing anything helpful to stabilize the region."

☆ Market veteran Ed Yardeni shares his recession odds and geopolitical risks: 'The world just isn't a safe place these days'
▼ + stars: | 2022-12-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today features my conversation with top strategist and economist, Ed Yardeni, on his recession outlook and what he sees as the US economy's biggest risks for 2023. Ed Yardeni, President of Yardeni Research Ed YardeniEd Yardeni is the president of Yardeni Research. Ed Yardeni: For the past year or so, the main issue for the US economy is inflation. EY: They can either continue to tighten until they cause a recession, but that's not my most likely scenario. I think either rates are going to go higher, causing a recession, which would bring interest rates down next year.

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