International News
Europe close: Stocks end on mixed note amid calls for ECB to act
Stocks finished the session on a mixed note amid speculation that the European Central Bank could yet take a little longer before easing policy further.
A 'couple' of rate cuts consistent with price stability, Fed's Evans says
A top US central bank official said that two interest rate cuts would be consistent with the monetary authority's price stability mandate.
US open: Dow extends gains as investors continue to digest comments from Powell
US stocks opened mostly higher on Friday after Federal Reserve chairman Jerome Powell further boosted optimism for rate cuts during his second testimony before Congress the day before.
US final demand prices edge up in June but unchanged at the core level
Wholesale price inflation in the States was a tad more muted than anticipated last month with core prices holding steady for a third consecutive month.
Don't believe everything you read about US-China trade, White House's Navarro says
A top White House official said at the end of the week that the trade talks between Washington and Beijing had entered a "quiet period" and not to believe reports in either country's press, dismissing them both as "garbage".
Iran demands return of tanker as UK sends second frigate to Gulf
Iran demanded the UK release an oil tanker seized in Gibraltar last week and warned Britain was playing a “dangerous game” as the Royal Navy prepared to send a second warship to the region.
US pre-open: Dow futures point to more gains after record highs in previous session
Wall Street futures were higher in pre-market trading on Friday after Federal Reserve chairman Jerome Powell further boosted optimism for rate cuts during the second day of his testimony before Congress.
Asia report: Most markets higher as China export data beats forecasts
Most markets in Asia finished higher on Friday, as fresh data out of China showed the country’s export numbers declined less than expected in June.
Euro area industrial production snaps back in June
Euro area industrial production snapped back in May with healthy rises in the output of both capital goods and consumer durables, but remained lower in annual terms.
China's Fosun to invest £750m in debt-ridden Thomas Cook
British travel firm Thomas Cook announced on Friday that it was in "advanced discussions" with Chinese conglomerate Fosun and multiple banks regarding a £750m capital injection and the break-up of the group.
Weak imports boost Chinese trade surplus in June
China's foreign trade surplus continued to increase last month as weak domestic demand weighed on the country's imports more than anticipated.
US close: Wall Street finishes bumper session on a high
Wall Street ended a bumper session with a bang on Thursday, with the Dow hitting a record high a day after Federal Reserve chairman Jerome Powell suggested the central bank was open to easing monetary policy in the near future.