News And Announcements
US claims China playing 'blame game' in trade war
The US has accused China of playing the "blame game” by misrepresenting why trade talks between the two powers had broken down, leading Washington to go ahead and raise tariffs on Chinese exports as it had threatened to do at the end of 2018.
Trump gets involved in Brexit amid London protests
Donald Trump believes Britain should "get rid of the shackles" of European Union membership and proceed with Brexit.
Fed's Evans says US economy doing well, 'nervous' about inflation
Chicago Fed President Charles Evans said on Tuesday that the US economy is continuing to perform well, as he expressed concern about low levels of inflation.
Greybull Capital plans to snap up British Steel's European assets
Private equity firm Greybull Capital, which owned British Steel until its collapse last month, is reportedly set to bid for the outfit's French and Dutch operations.
FCA outlines new rules for peer-to-peer lending
The Financial Conduct Authority is tightening up the rules surrounding peer-to-peer lending as it looks to better protect investors.
Eurozone inflation falls sharply in May
Eurozone inflation eased in May, official statistics showed on Tuesday, narrowly missing expectations and putting further pressure on the European Central Bank.
Neil Woodford suspends flagship fund after surge in redemptions
Neil Woodford, one of the UK’s most well-established stock pickers, has suspended trading in his largest fund, including halting all redemptions.
UK construction sector shrinks in May amid Brexit uncertainty
The UK construction sector suffered its worst month in more than a year in May as Brexit-related uncertainty took its toll, according to figures released on Tuesday.
May retail sales drop at fastest rate since 1995 - BRC
Retail sales fell in May at their fastest rate since 1995 as economic and political uncertainty took their toll, according to the latest figures from the British Retail Consortium, which warned of further job losses and store closures.