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 …

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 …

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 …

Australian shares down but markets pull back from the brink – business live | Business

“The bank needs to be able to generate capital so we can fulfil our social obligations, but we need to get that balance right and we clearly failed at that in the past, and we are moving away from that. As I said, revenue, and the generic terms for ‘sales’ hasn’t been part of the …

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 …

Dow Jones slides more than 800 points in worst day for eight months | Business

The Dow Jones industrial average plunged more than 800 points, its worst drop in eight months, led by sharp declines in technology stocks. The sharp sell-off was even starker at the tech-heavy Nasdaq exchange, home to Apple, Alphabet, Amazon and others. The Nasdaq fell over 4%. Wednesday marked the fifth consecutive daily decline for the …

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 …

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 …