Trump strikes upbeat tone on talks with China ahead of crucial trade summit January 6, 2019 President Donald Trump reiterated his confidence in striking a trade deal with China this evening after insisting that weaknesses in Beijing’s economy gave the country incentives to work with the US. Ahead of crunch talks between US and Chinese trade representatives in Beijing later this week, Trump said: “I think China wants to get it resolved. [...]
Huawei punishes staff after Happy New Year tweet sent from an iPhone January 4, 2019 Huawei staff have reportedly been punished after Twitter followers were wished a happy new year from the official account via an iPhone. The tweet was posted on New Year’s Day, wishing followers a "Happy #2019", but the message included automated text telling users it came “via Twitter for iPhone”. While the company promptly deleted the tweet, [...]
US stocks tumble as Apple slump and trade war fears trigger market rout January 3, 2019 A fresh wave of paranoia has spread across Wall Street triggered by Apple’s slump and mounting fears of an global economic slowdown. Sentiment worsened as US manufacturing activity slowed to a two-year low after a sharp drop in new orders in December, helping knock more than 550 points off the Dow Jones during an unforgiving [...]
Wall Street shares plummet after Apple warning over China slowdown January 3, 2019 Wall Street shares have plummeted in response to Apple’s warning over a slowdown in China. All three major US indices tumbled on opening as Apple’s nine per cent fall caused another painful day for investors. The tech giant said lower demand for its products in China and the country’s economic deceleration were to blame for [...]
Luxury retailers hit by Apple warning over Chinese slowdown January 3, 2019 Shares in luxury retailers have plunged after Apple blamed a Chinese economic slowdown for its worse than expected sales performance. The tech giant said lower demand for its products in China and the country’s economic deceleration were to blame for its second revenue warning last night. Luxury retailers have subsequently suffered as analysts said investors [...]
Apple’s sales warning hits European stocks as it places the blame on China January 3, 2019 Apple sent shockwaves through global markets last night after it issued a second consecutive warning against its sales performance, causing suppliers' stocks, European markets and emerging currencies to spiral. Chief executive Tim Cook cut Apple's quarterly sales target late last night, blaming weak iPhone sales in China and fewer customers upgrading their iPhones in an open [...]
From Brexit to tariffs, brace yourself for an uncertain 2019 January 3, 2019 Get ready for a 2019 full of uncertainty. On the political scene, headline events range from Brexit to the US-China trade tensions to EU reforms – all coming at a vulnerable stage in the business cycle, with half of US chief financial officers expecting a recession in 2019, and over 80 per cent by 2020. [...]
Stock predictions 2019: Which stocks and shares will do well this year? January 2, 2019 After a tumultuous year in the markets with Brexit uncertainty, the threat of trade war and rapidly changing consumer habits, the FTSE 100 suffered its worst year since the financial crisis in 2018, ending it 12.5 per cent down. While there is no sign that 2019 will be any less eventful, with the date Britain [...]
Global stock markets and sterling slide as economic slowdown fears continue into new year January 2, 2019 Global markets have started the year in the red as investors struggle to shake off the economic slowdown fears that plagued stocks last year, while the pound has taken a more than one per cent hit against the dollar on the first day of 2019 trading. The FTSE 100 was down more than one per [...]
Brexit stockpiling helps UK manufacturing hit six-month high January 2, 2019 Manufacturers are in an “edgy mood” despite Brexit stockpiling and other preparations pushing the sector to a six-month high amid concerns of a global slowdown, according to a closely followed measure of industry activity. Businesses stockpiling raw materials and goods at near-record rates to mitigate supply chain disruptions as Britain leaves the EU accounted for [...]