US tech firms ask Trump for Chinese tariff exemptions in ongoing trade war September 7, 2018 US tech giants have asked President Donald Trump’s administration for an exemption from new tariffs against China. With President Donald Trump set to reveal a fresh tranche of tariffs targeting $200bn (£154.6bn) of Chinese exports, Cisco, Dell, Hewlett Packard Enterprise and Juniper Networks urged the White House to whitelist components behind some of their products. [...]
China threatens to retaliate if Trump imposes fresh tariffs on $200bn of Chinese imports September 6, 2018 China has threatened to retaliate if the US imposes any new tariffs as the world's two biggest economies look set to escalate their trade war. The deadline for public comments on US President Donald Trump's plan to impose tariffs on a further $200bn of Chinese imports will pass later today. Trump could move ahead with [...]
FTSE 100 trades at five-month low as emerging markets continue to fall and US-China trade war looms September 6, 2018 The FTSE 100 is trading around a five-month low as emerging markets continue to fall and the trade war between the US and China threatens to escalate. Uncertainty surrounding emerging markets – including Turkey, South Africa and Argentina – and the potential escalation of a trade war between the US and China has led to [...]
Foreign exchange trading volumes rise as global currencies remain volatile September 5, 2018 Foreign exchange trading volumes have risen more than 7 per cent, NEX Group said, as global currencies remain volatile. NEX, which runs one of the largest FX trading platforms, said average daily trading volumes rose to $84.7bn in August from $83bn in the same month last year. For the year ending 31 August average daily [...]
Oil prices fall as Gulf of Mexico rigs survive tropical storm September 5, 2018 Oil prices have fallen after production resumed on platforms in the Gulf of Mexico as a predicted hurricane avoided the area. Prices had jumped yesterday as a number of oil platforms in the Gulf of Mexico were evacuated in preparation for a forecasted hurricane, with Brent Crude oil reaching close to $80 per barrel – its [...]
Green is the new gold…and emerging markets are flashing red September 5, 2018 Forget Gold. The greenback is the new safe haven of choice for investors seeking refuge. They are flocking to the US dollar en masse every time geo-political and trade tensions push them to make a defensive move while bullion lags behind. But this is bad news for emerging markets and here is why…. As the [...]
August’s top and bottom performing funds September 4, 2018 The Turkish lira succumbed to a savage slump in August following a doubling of US tariffs on Turkish steel and aluminium in retaliation for the imprisonment of a pastor on terrorism charges. Concerns about the Turkish economy had been mounting for some time given President Erdogan’s increasingly autocratic rule and the appointment of his son-in-law [...]
Corbyn won’t stop until the government controls everything September 4, 2018 Back in November 2013, the general secretary of the Unite union, Len McCluskey, outlined what he believed was so refreshing about then Labour leader Ed Miliband’s platform. “What is particularly important is the underlying rationale for what Ed has proposed,” McCluskey boomed. “There are some things too important to be left to the market.” “Too [...]
JD.com boss returns to China after being put under US arrest for sexual misconduct September 3, 2018 The top boss of Chinese retail giant JD.com has been allowed to travel back to China after his arrest in the US on suspicion of criminal sexual misconduct. Richard Liu was arrested in Minneapolis on Friday evening and released "pending complaint" the following afternoon, according to police records. JD.com said in a statement today that Liu [...]
The Hut Group wards off potential buyers as it gears up for Acheson & Acheson takeover September 3, 2018 Online beauty retail company The Hut Group (THG) has rebuffed a series of takeover deals as it looks to expand its own acquisition spending spree. A number of offers valuing the firm at almost £4bn have been turned away by the fast-growing technology company, according to reports from Sky News last night. While strategic and [...]