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MACROECONOMICS: WTO quarterly trade growth indicator drops from May

GENEVA (Reuters) - The World Trade Organization (WTO) said on Thursday that its latest economic barometer showed that the growth in merchandise trade was likely to weaken further in the third quarter.

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MACROECONOMICS: China, Taiwan eye windfall from S. Korea-Japan trade dispute

Chinese and Taiwanese tech companies are sensing an opportunity to grab higher global market share in the semiconductor, display and battery sectors amid the latest trade feud between South Korea and Japan, according to sources on Aug 5.

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MACROECONOMICS: Japan's Looming Sales Tax Hike Prompts Less Rush Demand So Far

Japan’s economy is less likely to suffer a painful whiplash from a sales tax increase scheduled for October, early sales figures for autos and apartments suggest.

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MACROECONOMICS: China’s Growth Slides to Weakest Pace in Almost Three Decades

China’s economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the U.S., while monthly indicators provided signs that a stabilization is emerging.

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MACROECONOMICS: BASF Profit Warning Ripples Through Economy From Cars to Crops

BASF SE fired a warning shot across industries, as the world’s largest chemical company said slowing markets from cars to crops and the impact of the U.S.-China trade war threaten to cut profit by 30% this year.

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MACROECONOMICS: German Manufacturing Orders Plunge

German factory orders unexpectedly plunged in February, adding to evidence that Europe’s largest economy is some way off from overcoming a painful slump in industry.

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MACROECONOMICS: German Factory Slump Leaves Euro Area as Global Economic Laggard

Monday saw the region hit with another round of bad news, from the worst German manufacturing performance in almost seven years to euro-area core inflation at its weakest in 11 months. Italy’s industrial contraction deepened, and a euro-wide measure is signaling multi-year lows for confidence and demand.

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MACROECONOMICS: Manufacturing Slump Deals Another Blow to Europe’s Economic Outlook

Europe’s economic outlook was thrown into fresh doubt after reports showed weakness across France and Germany.

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