Arcelormittal slashes steel production days after collapse of British Steel May 29, 2019 Arcelormittal today slashed its European production for the second time this month as steelmakers face increasing challenges. The company said it would reduce the amount of steel produced at a plant in France and two in Germany, as market demand remains weak and European customers chose to rely on increased imports. Read more: 80 potential [...]
Oil prices fall two per cent on fears of escalating US-China trade war May 29, 2019 Oil prices fell this morning, losing around two per cent of their value and dipping below the $70 per barrel line as worries over the US-China trade war spooked investors. International standard Brent Crude dropped around two per cent to $68.74 at just before midday after reaching day-lows of $68.47 per cent earlier. Read more: [...]
London takes second place in Schroders Global Cities 30 index despite Brexit uncertainty May 28, 2019 London has overtaken Hong Kong to be ranked second in the latest Schroders Global Cities 30 index, despite economic and political uncertainty in the UK. The ranking reinforces London’s position as a significant contributor of the UK economy and highlights the UK capital’s attraction as a location for real asset investing. London remains the highest-positioned [...]
Global markets sink into the red as technology front opens up in US-China trade war May 23, 2019 Global stock markets fell into the red today as investors’ fears over the US-China trade war intensified. Read more: FTSE 100 falls sharply amid trade war and Brexit turmoil Stocks were spooked by the prospect of the two countries’ technology sectors being dragged deep into the fray, as well as by fighting talk from the [...]
US private sector output falls to three-year low as trade war bites May 23, 2019 The ongoing trade war with China helped push business activity growth in the US to a three-year low in May, according to widely-watched survey released today. Read more: Chip designer Arm to suspend business with Huawei Output in manufacturing and services was held back by lower demand and subdued growth of new orders, which firms [...]
FTSE 100 falls sharply amid Brexit turmoil and US-China trade war May 23, 2019 The UK’s benchmark FTSE 100 stock index tumbled this morning as investors faced a perfect storm of political turmoil in Westminster and British companies being dragged in to the US-China trade war. Read more: Sterling falls as Theresa May clings to power despite cabinet mutiny The blue-chip FTSE 100 had fallen 1.5 per cent by 11.30am, taking it to [...]
US stocks fall as trade war shows little sign of abating May 22, 2019 US stock markets have fallen shortly after opening as global companies are sucked in to the Trump administration’s trade assault on China. Read more: US-China trade tensions a major threat to global growth, says OECD The tech-heavy Nasdaq composite had fallen 0.5 per cent shortly after 4pm UK time, with Chinese internet technology company Baidu among [...]
EE will beat Vodafone to become first UK provider to launch 5G – without Huawei devices May 22, 2019 EE will be the first UK network to introduce 5G, it confirmed today, as it is set to roll out the new technology to cities from 30 May. Read more: Nokia could benefit from Huawei saga, says chief executive It means the provider will beat Vodafone’s launch date of 3 July. EE will switch on [...]
Nokia could benefit from Huawei saga, says chief executive May 21, 2019 Nokia could benefit from the US crackdown on Huawei as global telecoms firms race to roll out 5G, the company’s chief executive has said. “Perhaps there is long term opportunity but more than that, it’s hard to say at this point,” Rajeev Suri told investors, according to Reuters. Read more: Huawei accuses US of bullying [...]
US-China trade tensions a major threat to global growth, says OECD May 21, 2019 Global economic growth is under threat from the escalating US-China trade conflict, the Organisation for Economic Co-operation and Development (OECD) has warned. Read more: Global markets in tailspin after Trump threatens huge China tariff rise The OECD’s closely-watched Economic Outlook said if current tariffs between the two countries are maintained, they will shave between 0.2 [...]