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 [...]
US stocks rise as ‘productive’ China trade talk round ends May 1, 2019 US stocks have climbed higher after markets opened following the end of another round of trade talks between the United States and China that treasury secretary Steven Mnuchin called “productive”. Mnuchin flew to Beijing on Tuesday with US trade representative Robert Lighthizer to hold discussions with their Chinese counterparts. Mnuchin today tweeted: “Ambassador Lighthizer and [...]
British voters torn over President Donald Trump’s UK state visit in June April 29, 2019 With President Donald Trump’s state visit to the UK in June already provoking fights between politicians, a new poll shows voters are as split as their Westminster representatives. Read more: Corbyn snubs invite to state banquet for Trump Just under half of the UK (47 per cent) is opposed to Trump's visit in June, according [...]
US inflation cools in March, adding to pressures on Federal Reserve April 29, 2019 The US inflation rate fell in March, the latest official figures have revealed, in a development that will keep the pressure on the Federal Reserve to hold back from raising interest rates. Read more: Analysts expect outward looking Fed to keep rates on hold The core annual inflation rate fell to 1.6 per cent in [...]
Mnuchin says US-China trade deal could be sealed within two rounds of talks April 29, 2019 US treasury secretary Steven Mnuchin said today that he hopes the United States and China can reach a trade deal using two more rounds of talks. Read more: US trade deficit shrinks as exports to China surge Mnuchin told Fox Business Network that within the next two rounds of discussions it will become clear whether [...]