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 …

Turkish lira crisis: Erdoğan says ‘attacks will continue’ against the economy – live updates | Business

Turkish President Recep Tayyip Erdogan says his country is under an economic “siege” that has nothing to do with its economic indicators. During an address to Turkish ambassadors in the capital, Ankara, Erdogan said Monday that Turkey would overcome the “attack” on its economy. He insisted that Turkey’s economy remains strong and said the currency …

Markets edgy as G20 warns that trade disputes threaten global economy – business live | Business

3.26am EDT03:26 Mnuchin: No progress on trade dispute with China US Secretary of the Treasury Steven Mnuchin. Photograph: Eitan Abramovich/AFP/Getty Images “To jaw-jaw is always better than to war-war”, as Churchill put it. But the talking at the G20 meeting hasn’t yielded a breakthrough in the Washington-Beijing trade row. U.S. Treasury Secretary Steven Mnuchin told …

Bank of England challenged over ‘gobsmacking’ travel expenses – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial market, the eurozone and business. The markets are edgy today after growing worries of a trade war sent shares sliding on both side of the Atlantic yesterday. Yesterday’s selloff wiped 328 points, or 1.3%, off America’s Dow Jones industrial average while …

Markets slide as Trump threatens China with $200bn of new tariffs – business live | Business

“The latest escalation in trade tensions between China and the United States should have investors worried. Recall that the original tariffs on about US $50 billion worth of Chinese imports motivated sharp declines in equity markets, despite not being expected to have a meaningful impact on the global economy. The latest ratcheting up in the …