PM calls for US-China calm

Original article by Simon Benson
The Australian – Page: 1 & 4 : 26-Jun-19

Prime Minister Scott Morrison will use his first foreign policy speech since the 18 May election to urge the US and China to resolve their trade dispute, stressing that they must act in the global interest rather than their own interests. Morrison’s speech on 26 June will also warn that the trade tensions are causing "collateral damage" in the Asia-Pacific region, and that Australia is prepared to act in its own economic and security interests if the dispute worsens.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, GROUP OF TWENTY (G-20), WORLD TRADE ORGANIZATION

Odds of trade accord ‘less than 50pc’: Rudd

Original article by Mark Ludlow
The Australian Financial Review – Page: 12 : 5-Jun-19

Asia Society Policy Institute president and former Australian prime minister Kevin Rudd says the US and China still have a strategic and economic interest in securing a trade deal. However, Rudd estimates that there is now less than a 50 per cent chance of a trade deal, down from 90 per cent earlier in the year. Rudd added that the US-China trade dispute will be a "particularly challenging time" for Australia’s relationship with China.

CORPORATES
ASIA SOCIETY POLICY INSTITUTE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD

PM: trade war threatens world

Original article by Jacquelin Magnay
The Australian – Page: 1 & 2 : 5-Jun-19

Prime Minister Scott Morrison says the US-China trade war could undermine the global trading system, with consequences for the living standards of people throughout the world Morrison, who is in the UK to attend services to mark the 75th anniversary of D-Day, also said that Britain and Australia have a role to play in the implementation of changes to the World Trade Organization. He added that Australia will continue to have close ties with Britain in the post-Brexit era.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, WORLD TRADE ORGANIZATION, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, GREAT BRITAIN. OFFICE OF THE PRIME MINISTER

Treasurer’s tariff plea to Trump

Original article by Michael Roddan
The Australian – Page: 2 : 24-May-19

Federal Treasurer Josh Frydenberg has urged US Treasury Secretary Steven Mnuchin to "amicably" bring an end to the trade war with China. Frydenberg made his plea after Mnuchin rang to congratulate him on the re-election of the Coalition government. Council of Small Businesses of Australia CEO Peter Strong says that up to 15 per cent of Australian small businesses trade globally, so the current trade tensions are causing them great concern.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, UNITED STATES. DEPT OF THE TREASURY, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, RESERVE BANK OF AUSTRALIA

US-China trade deal puts pressure on LNG exporters

Original article by Glenda Korporaal
The Australian – Page: 20 : 12-Mar-19

China has sourced about 80 per cent of its LNG imports from Australia, Qatar, Malaysia and Indonesia over the last eight years. However, there is speculation that negotiations for a trade deal with the US could see China agree to significantly increase its LNG imports from the US. Any such deal could have major implications for Australia’s LNG exports to China, while other exports could also be affected if China agrees to ramp up its trade with the US.

CORPORATES
CHINA PETROLEUM AND CHEMICAL CORPORATION, CHENIERE ENERGY INCORPORATED, WOODSIDE PETROLEUM LIMITED – ASX WPL, CHEVRON CORPORATION, PETROCHINA COMPANY LIMITED, CHINA NATIONAL PETROLEUM CORPORATION, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Billions in gains on offer from US-China skirmish

Original article by Glenda Korporaal
The Australian – Page: 20 : 8-Mar-19

A PwC report has concluded that Australia’s manufacturing, education and resources sectors are amongst those that could benefit from the US-China trade war. The report suggests that the domestic economy could potentially be bolstered by up to $2bn a year if the trade tensions continue. PwC economist Jeremy Thorpe says local businesses should be looking at how they can capitalise on any trade opportunities that may arise as a result of the tensions between the US and China.

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD

Sharemarket in $30bn surge after thaw in US-China trade war

Original article by David Rogers
The Australian – Page: 17 & 28 : 4-Dec-18

Materials and energy stocks posted the strongest gains on 3 December, with the Australian sharemarket rebounding from a big fall in the previous trading session. Investors responded positively to trade discussions between the US and China at the G20 meeting, as well as claims by President Donald Trump that China has agreed to remove tariffs on US cars. Meanwhile, the Australian dollar peaked at a four-month high of $US0.7384 in local trading.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, GROUP OF TWENTY (G-20), ROYAL BANK OF CANADA, BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, SOUTH32 LIMITED – ASX S32, OZ MINERALS LIMITED – ASX OZL, BLUESCOPE STEEL LIMITED – ASX BSL, BORAL LIMITED – ASX BLD, SANTOS LIMITED – ASX STO, BEACH ENERGY LIMITED – ASX BPT, ORIGIN ENERGY LIMITED – ASX ORG, SHANGHAI COMPOSITE INDEX, HANG SENG INDEX, NIKKEI 225 INDEX, KOSPI INDEX, FTSE 100 INDEX

Beware of a wounded Trump

Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 10 : 6-Nov-18

Australia’s former prime minister Kevin Rudd says US President Donald Trump may be less likely to seek a resolution to the trade dispute with China if the Republicans perform badly in the mid-term elections. Rudd adds that Trump may adopt a more "extreme" position on issues such as immigration, foreign policy and economic policy if the Democrats gain control of the House of Representatives. The Democrats and Republicans have spent a record $US5.2bn in total on the mid-term elections.

CORPORATES
REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES), UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, HIGH FREQUENCY ECONOMICS, UNIVERSITY OF WESTERN AUSTRALIA, ASIA SOCIETY POLICY INSTITUTE

BHP cuts US, China growth targets on trade tensions

Original article by Peter Ker
The Australian Financial Review – Page: 21 : 31-Oct-18

BHP Billiton has forecast that GDP growth for both China and the US will be cut by 0.5 per cent to 0.75 per cent over the next two years as a result of the trade war between the two nations. However, BHP’s chief commercial officer Arnoud Balhuizen says the trade tensions have not yet had a "material impact" on the resources giant, even though it has weighed on the prices of some commodities. Balhuizen expects demand for iron ore and coking coal to remain strong in 2019.

CORPORATES
BHP BILLITON LIMITED – ASX BHP

Tariff war fuels LNG prospects

Original article by Matt Chambers, Perry Williams
The Australian – Page: 17 & 20 : 20-Sep-18

Saul ­Kavonic of Credit Suisse says China’s move to impose a tariff on LNG imports from the US will make Australian-sourced gas more price-competitive. China has announced plans to subject US LNG to a tariff of 10 per cent, which will rise to 25 per cent in 2019, in retaliation for the Trump administration’s plans for similar tariff hikes on $US200bn worth of Chinese goods. The growing US-China trade war could also increase the likelihood that proposed LNG projects in Australia and Papua New Guinea will proceed.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, RBC CAPITAL MARKETS, S&P GLOBAL PLATTS, CITIGROUP PTY LTD, PETROCHINA COMPANY LIMITED, IGM LIMITED, LIQUEFIED NATURAL GAS LIMITED – ASX LNG, WOOD MACKENZIE, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO