JP Morgan and Ford bosses pull out of Saudi event as Asian markets fall – business live | Business

Imposing any type of sanctions on Saudi Arabia by the West will cause the kingdom to resort to other options, US President Donald Trump had said a few days ago, and that Russia and China are ready to fulfill Riyadh’s military needs among others. No one can deny that repercussions of these sanctions will include …

World stock markets dive as Trump attacks ‘crazy’ US rate hikes | Business

A jittery, volatile week on global financial markets has burst into a frenzy of selling, triggered by heavy losses on Wall Street and comments by Donald Trump describing US interest rate hikes as “crazy”. The Nikkei index in Tokyo fell by almost 4% on Thursday, while in Hong Kong the index was down 3.25% and …

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 …

World markets rattled by US inflation concerns | Business

Mounting concern about the inflationary impact of falling US unemployment has sent tremors through global financial markets amid fears that the long post-financial crisis rally in asset prices is nearing its end. The effective interest rate on 10-year benchmark US bonds reached their highest level for seven years after the latest snapshot of the American …

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 …

Markets digest Fed rate hike as Argentina gets $57bn IMF bailout – business live | Business

Fed chair Jay Powell’s comments that there was no evidence whatsoever of inflationary pressure knocked US yields which had been climbing in the lead up to this week’s meeting, down quite sharply, and also saw both the S&P500 and Dow finish the day lower. That, combined with a slight nudge higher in the unemployment forecast …

Trade war: US is putting a knife to China’s neck, says top official | Business

The United States is putting “a knife to China’s neck” on trade issues, a senior Chinese official has said, as the two sides struggle to find a way to end a months-long standoff over trade. A day after both sides heaped fresh tariffs on each other’s goods, vice-commerce minister Wang Shouwen said the resumption of …

IMF chief highlights recession risk of no-deal Brexit | Business

The UK economy would rapidly start to contract in the event of a disruptive exit from the EU next spring, according to a stark International Monetary Fund report that highlights the recession risks of no deal. Christine Lagarde, the IMF’s managing director, said there would be “dire consequences” from a disorderly exit but added that …

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 …

Government publishes latest round of no-deal Brexit planning documents – Politics live | Politics

This government and its predecessors have been deporting the Windrush generation. They have also been illegally detaining them, wrongly preventing them from re-entering this country after a trip overseas. And the government can’t or won’t say how many were bullied and threatened into becoming a so-called ‘voluntary removal’. How can this happen? The most important …