International News
US and UK to enter 4th round of trade talks this week
The resumption of trade talks between the US and the UK later this week will come at a pivotal moment for London as it tries to establish its future relationship with the European Union.
US industrial production weighed down by lower auto output in August
Industrial output in the US undershot economists' forecasts in August, as manufacturing production fell short and that from utilities surprised to the downside.
New York Fed factory index fails to recover ground lost in August
Factory sector conditions in New York state and northern New Jersey continued to improve in September, according to the results of a closely-followed survey.
H&M back in the black despite Covid-19 hit, shares jump
Shares in H&M Hennes & Mauritz jumped on Tuesday after the Swedish fashion group said it had returned to profit.
Policyholders claim partial victory in Covid-19 business interruption test case
The Financial Conduct Authority has claimed a partial victory in a closely-watched test case concerning business interruption payouts during the Covid-19 pandemic.
IEA cuts forecast for global oil demand growth in backhalf 2020
The International Energy Agency took an axe to its forecasts for global oil demand growth in the backhalf of 2020, even as it warned that the world's thirst for oil had, at 91. 7m barrels a day, only recovered to its levels from 2013 due to the pandemic.
US pre-open: Futures move higher ahead of Fed meeting, Apple event
Wall Street futures had stocks opening higher ahead of the bell on Tuesday ahead of the Federal Reserve's two-day policy meeting and Apple's first virtual-only product reveal.
Fiat, Peugeot shares rise as merger terms adjusted
Fiat Chrysler shares were sharply higher on Tuesday after the terms of its planned €50bn merger with Peugeot were revised by the two car makers.
German investor sentiment improves in September
German investor sentiment improved in September despite rising coronavirus cases and concerns about Brexit, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Citi becomes latest bank to resume job cuts
Wall Street lender Citigroup is to resume global job cuts after layoffs were paused during the height of the Covid-19 pandemic.
Chinese industrial production and retail sales surprise to the upside in August
Key activity indicators in China all surprised to the upside in August, although one economist said the outlook was mixed.