International News
US close: Stocks record first monthly loss of the year following surprise tariff announcement
Wall Street stocks recorded their first monthly loss of the year on Friday after going deep into the red on the back of comments made by Donald Trump overnight when he revealed the US would impose tariffs on imports from Mexico.
Europe close: Markets finish lower as investors react to surprise tariffs
Stocks on the continent finished in the red across the board on Friday, as traders continued to react to a surprise move from the US administration to slap tariffs on Mexico.
China threatens with its own blacklist of firms after Huawei ban
In its latest retaliation against the US after it blacklisted Chinese tech company Huawei, China said on Friday that it would establish a list of so-called “unreliable" entities that harm national companies.
Americans' inflation expectations jump on trade war worries, University of Michigan says
Americans' optimism slipped "significantly" over the second half of May as a result of the ongoing trade war with Beijing, alongside a jump in inflation expectations.
US open: Stocks head south after Trump springs Mexican tariff surprise
Trading on Wall Street began with heavy losses after Donald Trump made a surprise announcement overnight that the US would impose tariffs on imports from Mexico.
Chicago PMI edges past forecasts in May
A closely-followed gauge of factory sector activity in the Chicago area edged past forecasts in May, but on longer time frames was said to be pointing to softness ahead, although not outright weakness.
US personal income and spending growth outpace forecasts in April
Income growth and spending in the US picked up by more than expected last month pointing to a pick up in consumption over the second quarter, with prices set to remain not far from the Federal Reserve's definition of price stability.
Uber reports $1bn quarterly loss in first results since IPO
Uber reported a $1bn loss on Thursday in its first quarterly results since a disappointing initial public offering earlier in the month.
Huawei forbids employees from meeting US contacts
Huawei has ordered employees to cancel technical meetings with US contacts as tensions with the US administration reach an all-time high.
US pre-open: Stocks set to tumble as Trump declares trade war on another front
Wall Street futures were pointing to heavy losses at the bell after Donald Trump made a surprise announcement that the US would impose tariffs on imports from Mexico.
Asia report: Markets finish mixed as Trump blasts tariff gun once more
Markets in Asia ended their week in a mixed state on Friday, as investors sifted through some disappointing manufacturing data out of China.
UK house prices dip unexpectedly in May, Nationwide says
House prices in the UK dipped unexpectedly in May as a result of the uncertain economic environment, although activity in the housing market was "broadly stable", mirroring the broader trends in the economy, the results of a closely-followed survey revealed.
Trump announces 5% tariffs on all Mexican imports
In a move that compromises yet another major trade deal, Donald Trump revealed on Thursday that he would be applying a 5% tariff on all imports from Mexico in order to pressure America's southern neighbours into cracking down on Central American migrants trying to cross the border.
Trade war 'snuffs out nascent recovery' in Chinese manufacturing, official PMI shows
A closely-followed survey of manufacturing sector conditions in China fell much more sharply than anticipated, as respondents reacted to the escalation in the US-China trade war earlier in the month.