Political News
Trump 'committed' to trade talks with China, downplays concerns
Donald Trump dismissed concerns about the trade war with China as his top economic advisor said he was committed to negotiations with Beijing.
FX round-up: Pound steady as traders mull US-China trade, no-confidence vote in Commons
The pound finished a smidgen higher on Tuesday as risk appetite recovered in the wake of the Chinese central bank's decision to rein in the recent slide in the country's currency.
US wants to reach a trade deal with China, Kudlow tells CNBC
The US President wants to reach a deal with China, but it has to be the right one, a top White House official said.
North Korea to invest stolen $2.0bn from crypto hacks on WMD programme
Experts at the UN said North Korean cyber agents had illegally raised an estimated $2. 0bn to invest in the country’s development of weapon programs.
Barclays sees even lower yuan in near term
Analysts at Barclays Research revised their forecasts for the Chinese yuan in order to factor in greater weakness.
Facebook is failing to crack down on trade of fake Amazon reviews - Which?
Facebook is still “flooded” with groups on its site where fake Amazon reviews are sold, consumer group Which? revealed on Tuesday.
Harland and Wolff site set to go into administration
The Harland and Wolff shipyard in Belfast is expected to go into administration on Monday.
China lets yuan weaken sharply against US dollar and euro
China let the yuan fall below the pyschological 7. 0 yuan level to the US dollar on Monday, reaching its weakest level in a decade against the Greenback, in response to US President Donald Trump’s latest round of tariffs.
Ashley leads race for Jack Wills despite rising tensions with City investors
Sports Direct owner Mike Ashley has become the favourite in the race to buy fashion retailers Jack Wills despite growing tensions between the tycoon and City investors.
US, EU to reach beef trade deal - report
US President Donald Trump will formally announce a deal to open up the European Union to more beef exports on Friday, Bloomberg reported citing unnamed sources.
Trump announces fresh round of tariffs on $300bn-worth of Chinese goods
US President Donald Trump announced on Thursday that he will impose a 10% tariff on another $300bn (£247bn) of Chinese goods, in a sharp escalation of a trade war between the two countries.
China and US to resume trade talks in September
US and Chinese trade negotiators are set to resume the talks in early September even after the latest round of negotiations in Shanghai ended with little progress.
Berenberg cuts Lloyds's target price, points out exposures to consumer credit
Analysts at Berenberg cut their target price for shares of Lloyds, telling clients that past actions by the lender to prop up interest margins had made it more vulnerable than peers to cyclical headwinds for its revenues and loan losses.
BlackRock lost $90bn on wasteful fossil fuel investments
Fund manager BlackRock lost around $90bn in the last ten years in wasteful fossil fuel investments said a report from the Institute for Energy Economics and Financial Analysis.
Trump's ex-economic adviser warns tariffs 'backfiring' on US economy
Donald Trump’s ex-economic advisor Gary Cohn said on Wednesday that the trade war and the tariffs were backfiring and impacting on the US economy.
UK government spends extra £2.1bn extra on no-deal preparations
The government announced on Wednesday an extra £2. 1bn of funding will be destined to prepare for a no-deal Brexit which will double the amount of money it had set aside for that purpose this year.
Bank Rate may need to rise "a bit more", BoE says
Rate-setters at the Old Lady of Threadneedle Street stayed put on Thursday, reiterating that the path of Bank Rate going forwards would hinge on the exact form that Brexit took, although they did appear to tone down slightly their forecast for rate hikes.