Chinese exports unexpectedly fall as pressure builds to reach trade deal with US May 8, 2019 China’s gigantic trade surplus unexpectedly narrowed in April, as the country’s exports fell 2.7 per cent year-on-year in a sign that pressure from the US was hurting the Chinese economy. Read more: Global markets in tailspin after Trump threatens huge China tariff rise Imports fared better, however, rising four per cent in April after a [...]
US secretary of state Mike Pompeo to issue Huawei warning during UK visit May 8, 2019 US secretary of state Mike Pompeo is expected to warn Prime Minister Theresa May against allowing Huawei to build the UK’s 5G network during a meeting in London today. Pompeo is holding talks with May and foreign secretary Jeremy Hunt, and will make a speech on foreign policy ahead of US President Donald Trump’s state [...]
European stocks continue downward slide as US-China trade tensions flare May 7, 2019 The FTSE 100 hit a one-month low today as European stocks continued to be dragged down by the ramping up of trade tensions between the US and China. Read more: Global markets in tailspin after Trump threatens huge China tariff rise In the first trading done since the bank holiday weekend, the UK benchmark fell [...]
Asian markets bounce back amid US trade threats to China May 7, 2019 Asian stocks bounced back in morning trading, a day after an escalation in the trade war between the US and China sparked a sharp sell-off. Read more: Car maker shares fall on Trump's Chinese tariff hike threats China’s CSI 300 index ticked up just over one per cent in early trading, after dropping almost six [...]
Global markets in tailspin after Trump threatens huge China tariff rise May 7, 2019 US President Donald Trump’s latest threat to ramp up tariffs on Chinese goods rattled global markets yesterday at the start of a crunch week of negotiations between the White House and Beijing. Trump tweeted over the weekend that tariffs on $200bn (£153bn) worth of goods from China would be cranked up to 25 per cent [...]
Car maker shares fall on Donald Trump tariff hike threats as US – China trade war escalates May 6, 2019 Shares in European car makers tumbled today after Donald Trump threatened to hike up tariffs on Chinese imports to the US, marking an escalation in the ongoing trade war between the two countries. The Stoxx Europe 600 Automobiles and Parts index was down 3.3 per cent following Trump’s remarks as all of its 16 component [...]
North Korea ‘fires short-range missiles’ off east coast May 4, 2019 North Korea has fired several unidentified missiles off of its eastern coast, according to South Korean military. The short-range missiles were fired from Wonsan at around 9am local time on Saturday and reached around 125 miles before landing in the ocean. Read more: US job growth surges as unemployment rate falls North Korea "fired a number of [...]
Apollo Global Management scraps partnership status to become a corporation May 2, 2019 Apollo Global Management has announced that it is scrapping its partnership status to become a corporation, following similar moves by private equity rivals Blackstone and KKR. The conversion, which is expected to become effective in the third quarter of this year, will see the investment company paying more corporate tax under a simplified structure, which [...]
From Bercow to Corbyn, Trump’s UK visit has exposed a nest of political hypocrites May 2, 2019 No sooner had the announcement been made that President Donald Trump would be making a state visit to the UK in June than a predictable flurry of criticism emerged from a group of the usual suspects. Leading this crowd of dissenters who have said that they will refuse to attend a state dinner with our [...]
US Federal Reserve opts to hold interest rates in strong labour market May 1, 2019 The US Federal Reserve said today it was not raising interest rates, citing a strong labour market with solid economic activity. The Fed said it would maintain its target rate at 2.25 to 2.5 per cent. It said the labour market remains strong and economic activity rose at a “solid rate”. It said job gains have [...]