International News
Wall Street reels after US President says he will respond to Chinese counter-tariffs
Wall Street was left reeling at the end of the week after the US President upped the ante in his trade war with China following Beijing's decision to retaliate against the latest measures threatened by Washington.
Monetary policy may not be ideal tool against trade disruptions, Fed's Powell says
Monetary policy might not be the best tool to address the impact of trade wars, although it might help to offset some of their effects, which might prove to be transitory, the head of the world's most important central bank, the US Federal Reserve, said.
US new home sales slump in July
Sales of new US single-family homes fell more than expected in July, according to data released by the Commerce Department on Friday.
France, Ireland threaten Mercosur veto over Amazon fires
France and Ireland said they would oppose an EU trade deal with South American nations if Brazil failed to tackle fires that are currently raging through the Amazon.
US open: Stocks trade lower as China hits back at US with new tariffs
Stocks traded lower at the open on Friday following news that China was readying $75. 0bn-worth of tariffs on US products and ahead of hotly anticipated comments from Federal Reserve Chairman Jerome Powell.
Mattarella gives PD and M5S until Wednesday to form a coalition
Italian President Sergio Mattarella has given rivals the Democratic Party and the Five Star Movement until Wednesday to form a new coalition government or face elections in October, unless Five Star leader Di Maio accepted the last minute offer from the League party to take the premiership in exchange for a reconciliation.
Fed's Bullard says inverted yield curve 'not a good place to be'
A top US central bank official argued for more interest rate cuts as "insurance" against the ongoing downturn in global manufacturing, arguing that the monetary authority could always take it back "next year" if things just blew over.
Asia report: Most markets higher ahead of Powell speech
Most markets in Asia finished in the green on Friday, even as political tensions escalated between Japan and South Korea, after the latter announced the cancellation of an intelligence-sharing deal between the nations.
US pre-open: Futures point to gains ahead of Powell's Jackson Hole address
US stock futures were pointing to a positive open on Friday as investors awaited comments from Federal Reserve Chairman Jerome Powell later in the day.
Amazon to buy 49% stake in India's Future Coupons
Amazon has agreed to buy a 49% stake in Indian retail company Future Coupons.
Deutsche Bank pays $16m to settle corrupt hiring allegations
Deutsche Bank will pay more than $16m (£13m) in the US to settle allegations that it hired relatives of overseas government officials and business people to win business in the latest punishment linked to the long-running "princeling" scandal.