Category: Economy

European markets dip as trade war, Brexit pessimism weigh

European markets dip as trade war, Brexit pessimism weigh

 European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets, while oil rallied as U.S. sanctions restricted Iranian crude exports. The benchmark index for euro zone blue chips retreated 0.4 percent, while the pan-European STOXX 600, which also includes stocks in the UK and […]

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Sky’s shares jump 9 percent after Comcast wins auction

Sky’s shares jump 9 percent after Comcast wins auction

Shares in Sky (SKYB.L) jumped 9 percent to 17.22 pounds in early trade on Monday, just below the 17.28 pounds a share Comcast (CMCSA.O) bid on Saturday to beat Twenty-First Century Fox (FOXA.O) in the battle for Europe’s biggest pay-TV group.The U.S. cable-TV giant offered $40 billion to buy the group in a rare auction that brought to an end […]

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ECB orders ING to return London trading jobs to EU

ECB orders ING to return London trading jobs to EU

ING Groep, which consolidated trading jobs from Amsterdam and Brussels to London in 2016, faces pressure from the European Central Bank to return them to continental Europe, daily Het Financial Dagblad reported on Monday, citing sources familiar with negotiations between the bank and the regulator. The Dutch bank, which surprised many with a decision to move the jobs in bonds […]

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Asian shares wobble on fear of long U.S.-China trade war; oil rallies

Asian shares wobble on fear of long U.S.-China trade war; oil rallies

Asian shares stumbled in holiday-thinned trading on Monday as China’s decision to cancel talks with the United States sparked fears of a protracted trade war, while oil rallied as Saudi Arabia ruled out increasing supplies to cool crude prices. U.S. stock futures slipped 0.2 percent, while spreadbetters pointed to a subdued start for Europe with futures for Eurostoxx 50, Germany’s […]

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China says U.S. trying to bully it into submission as fresh tariffs kick in

China says U.S. trying to bully it into submission as fresh tariffs kick in

The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock global economic growth. Soon after the fresh duties went into effect, China accused the United States of engaging in “trade bullyism” and said it […]

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Doping- WADA bowed to money over principle – ex-director general

Doping- WADA bowed to money over principle – ex-director general

The former director general of the World Anti-Doping Agency said on Friday that WADA’s decision to reinstate Russia’s anti-doping authority was driven by money over principle. David Howman, WADA director general from 2003 to 2016 and now chair of the Athletics Integrity Unit, set up by the global athletics federation to counter doping and corruption, gave no evidence to support […]

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White House optimistic on China trade; no date for more talks

White House optimistic on China trade; no date for more talks

 The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing’s response to the latest round of tariffs, a senior White House official said on Friday. The official said despite its protestations, China was well aware of U.S. demands it […]

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Dow hits another all-time high on mixed day for US stocks

Dow hits another all-time high on mixed day for US stocks

Wall Street capped a milestone-setting week Friday with a mixed finish for the major U.S. stock indexes and the second all-time high in two days for the Dow Jones Industrial Average. An afternoon sell-off erased modest gains for the S&P 500 that had the benchmark index on track to eke out its own record high for much of the day. […]

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Asian stocks extend recovery as trade worries take back seat

Asian stocks extend recovery as trade worries take back seat

 Asian stocks extended gains on Friday after Wall Street’s S&P 500 set a new all-time high, while the dollar slipped on views that Beijing’s and Washington’s fresh exchange of tariffs may be less damaging than initially feared. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. It has rebounded 4 percent from a 14-month low on Sept. 12, […]

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China tightens embrace of Hong Kong with bullet train, other mega projects

China tightens embrace of Hong Kong with bullet train, other mega projects

 Hong Kong’s first bullet train glides out of a sleek harborfront railway station bound for mainland China on Saturday, launching a new era of integration and raising fears for some for the territory’s cherished freedoms. Unlike other cross-border connections, the $11 billion train project has stoked considerable controversy, with Hong Kong, a former British colony, having had to concede part […]

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