International News
Europe close: Basic resources stocks slide as trade tensions rise further
Investors were left trying to get their bearings after the White House ratcheted-up the stakes again in its running trade spat with China, just before the US President arrived in Brussels for a three-day summit of NATO leaders.
WTI slips despite very large drop in weekly stockpiles
US crude oil stockpiles shrank at an accelerated pace last week as imports fell back sharply and distillate inventories jumped.
Ramaphosa urges Nigeria's Buhari to support African free-trade agreement
South African President Cyril Ramaphosa on Wednesday encouraged Nigerian President Muhammadu Buhari to sign a continent-wide free-trade deal.
US open: Stocks shaky as Trump slaps extra $200bn tariffs on Chinese imports
Wall Street trading began with losses right after the bell on Wednesday amid escalating tensions between the US and China, after President Donald Trump said his administration would slap tariffs on an additional $200bn of Chinese imports.
US producer prices jump past forecasts in June
Wholesale inflation in the US outpaced economists' forecasts in June, driven higher by dearer energy and services and hitting a six-year high.
Asia report: Markets lower as US threatens China with even further tariffs
Asian bourses were lower across the board on Wednesday, as investors were faced with a fresh round of trade tension instigated by Donald Trump’s White House.
China vows revenge as Trump launches 'unacceptable' new tariffs
Global stock markets have been sent crashing as Washington prepares to launch a new $200bn worth of tariffs on Chinese goods, including fruit and vegetables, handbags, refrigerators and clothing.
Next global financial crisis will throw-up opportunities, Mark Mobius says
Emerging market investing legend Mark Mobius is raising new funds in anticipation of buying opportunities on the horizon.
Facebook fined £500,000 by UK's Information Commissioner
Social networking giant Facebook was fined £0. 5m by the UK's Information Commissioner (ICO) on Wednesday for failing to protect user's online data.
US pre-open: Heavy losses expected as Trump ramps up China trade war
US stocks looked set for heavy losses at the open on Wednesday amid escalating tensions between the US and China, after President Trump said his administration will slap tariffs on an additional $200bn of Chinese imports.
21st Century Fox bumps up Sky offer, trumps Comcast
Rupert Murdoch's 21st Century Fox has upped its offer for the Sky shares it does not already own to £14 per share, trumping the latest offer from Comcast by around 12%.