Economic News
Results round-up
Convenience retailer McColl's was under the cosh on Monday as it posted a drop in first-half like-for-like sales following the demise of cigarette wholesaler Palmer & Harvey, said full-year adjusted earnings would be in line with the previous year and announced the resignation of chief financial officer Simon Fuller.
China 'won't devalue currency' despite trade war fears
China has insisted it will not devalue the yuan, as the country’s escalating trade war with the US continued to take its toll on currencies.
US existing home sales drop 0.6% in June
Sales of US existing homes unexpectedly fell in June, according to data from the National Association of Realtors.
Trump warns Iran to "never, ever threaten the US" or suffer consequences
US president Donald Trump warned Iran late on Sunday night via twitter not to threaten the US ever again or it would suffer severe consequences.
UK won't blink on Brexit, Jeremy Hunt warns EU
Newly-appointed Foreign Secretary Jeremy Hunt has said the European Union risks forcing the UK out without a deal – and warned that the country will not "blink" in negotiations.
Halliburton stock in red as it posts second-quarter numbers
Shares in US oilfield services giant Halliburton fell in early trading, despite second-quarter revenues narrowly beating market expectations.
Amazon warns UK that no-deal Brexit would risk 'civil unrest'
Amazon’s UK boss Doug Gurr warned Brexit secretary Dominic Raab in a meeting with senior business executives on Friday that Britain could face "civil unrest" within two weeks of a no-deal Brexit, the Times reported on Monday.
Impact of US tariffs to stay Fed's hand in Q4, UBS predicts
Economists at UBS no longer see the US central bank hiking interest rates in the fourth quarter 2018, anticipating instead that the drag on growth from tariffs will stay the Federal Reserves hand.
Yen jumps, JGBs slump on reports BoJ mulling policy changes at 31 July meeting
Japanese capital markets are in focus at the start of the week, following reports that rate-setters in Tokyo were mulling ways to reduce the potential side-effects from its so-called policy of 'yield curve control' and of making it more sustainable.