Political News
Oil loading 'resumes in Saudi Aramco plant' after drone strikes
Saudi Aramco has reportedly resumed vessel loading at one of its plants in Saudi Arabia hit by a drone attack over the weekend.
LSE rejects Hong Kong offer, reiterates commitment to Refinitiv deal
The London Stock Exchange has rejected a £29. 6bn takeover offer from Hong Kong Exchanges and Clearing (HKEX), saying it remains committed to its acquisition of financial data and trading platform provider Refinitiv.
US Democratic frontrunners clash over healthcare reform
The Democratic front-runners in the US presidential race clashed over healthcare policies in the party’s third debate on Thursday.
Citi sees 'no chance' of a US-China trade deal before elections
Analysts at Citi cautioned clients on Friday that the key global risks looming on the economic horizon were still very much present, with "no chance" of a US-China trade deal before the next elections in the States and the Federal Reserve being done with cutting rates.
Heathrow protests: Two arrested over drone threat
Two people have been arrested as they attempted to disrupt flights at Heathrow airport with drones in protest over climate change.
Trump approves drilling in Alaska wildlife refuge
The Trump administration announced on Thursday that it is planning to open a portion of the Arctic National Wildlife Refuge that has been protected for decades to oil and gas drilling.
US pork and soybeans to be exempted from additional China tariffs, says Xinhua
China will exempt some US agricultural imports, such as pork and soybeans, from additional tariffs, according to Chinese state news agency Xinhua.
JP Morgan still cautious on miners, unless they dig for gold (or silver)
Miners' shares were not without their attractions, but the multiple sources of uncertainty on the investment horizon argued in favour of caution in the fourth quarter, analysts at JP Morgan said - except in the case of gold.
Germany headed for recession, says Ifo think tank
The Ifo Institute said on Thursday that Germany's economy is heading for a recession as it cut its growth forecasts for 2019 and 2020.
US President chastises 'boneheads' at the Federal Reserve
The US President reiterated its criticism of the country's central bank in the middle of the week, arguing that short-term interest rates should be cut into negative territory.
Amazon faces FTC antitrust probe over its marketplace
The US Federal Trade Commission is ramping up an investigation into Amazon over its online marketplace by interviewing small businesses that sell through the company, reported Bloomberg on Wednesday.
UK parliament suspension unlawful - Scottish court
The UK parliament was unlawfully suspended by Prime Minister Boris Johnson, Scotland’s highest civil court ruled on Wednesday.
Trump fires national security adviser John Bolton
US President Donald Trump on Tuesday fired national security adviser John Bolton, saying he "disagreed “strongly” with the controversial foreign policy hawk.
Morgan Stanley upgrades SSE to 'overweight'
Morgan Stanley upgraded its view on SSE shares, arguing that the company's divestment of its Retail and Exploration and Production arms would simplify the business, raising the profile of its renewables operations and in turn resulting in a higher valuation multiple.
Huawei drops lawsuit against US after Washington returns seized equipment
Chinese telecommunications equipment company Huawei dropped one of its lawsuits against the US government after Washington returned equipment that had been seized.
Trump fires national security adviser John Bolton
The US President fired his national security adviser approximately 90 minutes before he had been scheduled to participate in a press conference next to Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin.
Trade deal 'possible' if Washington also makes concessions, SCMP says
One well-placed local observer in Beijing put the odds of the US and China agreeing a trade deal in November at roughly two thirds, but said that Washington needed to lower its demands a bit as some of them were seen as the Communist party would see them as forfeiting sovereignty and humiliating the nation.
Vestager chosen for another five-year term as top EU anti-trust official
Margrethe Vestager has been chosen to serve another five-year term as the head of the European Union's competition policy and will continue to oversee ongoing probes into various technology gaints.
OBR warns Javid's spending plans risks breaking borrowing rules
Chancellor Sajid Javid was on Tuesday warned that his planned public spending increases were on track to break government borrowing rules.
UK parliament shuts down as Johnson loses second election bid
The UK parliament was suspended for five weeks early on Tuesday morning as Prime Minister Boris Johnson suffered his sixth defeat in a row when MPs voted against a snap election.