Markets boosted by China stimulus hints and Italian budget hopes – business live | Business

Nanjing Road, in Shanghai, China Photograph: Alamy Stock Photo Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. 2018 has been a grim year for China’s investors, but perhaps things are finally looking up. The Chinese stock market has surged by over 4% today, on …

WTO warns trade war threatens ‘millions of jobs’, as China’s stocks slide again – business live | Business

3.16am EDT03:16 China’s stock market hits fresh four-year lows Roberto Azevedo’s warning of the perils of a trade war will have resonated in China’s stock exchanges today. Shares are sliding sharply AGAIN today, as traders fear that the dispute with America will escalate further. The Shanghai composite index has just closed, down 3%, at its …

Stock markets bounce back after heavy losses – business live | Business

A trader on the floor of the NYSE in New York last night Photograph: Brendan Mcdermid/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. After two days of heavy losses, the financial markets are catching their breath and assessing the situation today. Asian markets …

Nobel prize in economics awarded to William Nordhaus and Paul Romer – live | Business

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 to William D. Nordhaus, Yale University, New Haven, USA “for integrating climate change into long-run macroeconomic analysis” and Paul M. Romer, NYU Stern School of Business, New York, USA “for integrating technological …

Italy budget row ‘breakthrough’ boosts markets – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Is peace breaking out between Rome and Brussels in the budget row that has spooked the markets? There are reports from Italy this morning that its populist government is giving some ground, in the dispute over …

UK retail sales smash forecasts as consumers keep spending – business live | Business

6.35am EDT06:35 In a rather unusual move, the long-running battle to take control of UK broadcaster Sky will go to an auction this weekend. The Takeover Panel has decided that Rupert Murdoch’s 21st Century Fox, and rival bidder Comcast, should each make new bids in a three-round contest. Each can choose to raise their offers …

Markets hit by fears of fresh Trump tariffs on China – business live | Business

Cranes unloading imported mineral powder from a cargo ship at a port in Nantong in China’s eastern Jiangsu province. Photograph: STR/AFP/Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. It’s a new week, but investors are fretting about a familiar fear – Donald …

UK, ECB and Turkish interest rate decisions, as John Lewis profits tumble 99% – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. It’s a huuuuge day for central bank news. Policymakers at the Bank of England, the European Central Bank and the Bank of Turkey are all meeting today to set monetary policy, and potentially unleash a few …

UK companies struggle to hire staff amid Brexit uncertainty – business live | Business

The Central Business District in Beijing. Photograph: Mark Ralston/AFP/Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business Trade war anxiety is growing this morning, after China’s companies posted disappointing growth. Business activity growth across China hit a five-month low in August, a new …

China’s manufacturing growth hits 14-month low as trade war bites – business live | Business

An electric bus production line at a factory in Liaocheng in China’s eastern Shandong province. Photograph: STR/AFP/Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Today we discover how the world’s manufacturers fared in August, in the face of trade war anxiety and …