International News
Europe close: German construction stocks pace gains
European equity markets finished the week on a positive note amid continued investor optimism for a potential resumption of US-China trade talks, while a surge in German property stocks buoyed sentiment.
Santander to extend claim deadline after IT problems
Santander has extended the deadline to allow people to file PPI complaints after the lender's website suffered some IT issues.
US open: Stocks trade higher as trade tensions cool
Stocks opened higher on Friday as the cooling of trade tensions between the US and China looked set to help markets for a second day in a row.
US consumer sentiment sees largest one-month drop in seven years, UofM says
US consumer sentiment failed to rebound in the final half of August amid many Americans' concern of falling off the proverbial 'tariff cliff', according to the results of a closely-followed survey.
Chicago PMI rises more than expected in August
Economic activity in the Chicago area improved more than expected in August, according to figures released on Friday.
Google claims hackers implanted monitors on iPhones for years
Google researchers said hackers had been using compromised websites and software flaws to install “monitoring implants” on Apple iPhones for years.
Americans continue to splash out in July
Americans continued to splash out over the summer by dipping into their savings.
Tesla jumps after China grants purchase tax exemption on 16 models
Shares in Tesla were up on Friday after China's Ministry of Industry and Information Technology said that it would exempt 16 of the US car manufacturer's electric vehicle models from its purchase tax.
Uber and Lyft investing $90m to defeat gig worker protection legislation
Uber and Lyft have threatened to invest a combined $90. 0m in an attempt to stop a bill to defend gig worker’ rights known as AB5 that was set to pass in California, with other companies possibly set to join the effort.
Xi Jinping rejects Philippines' territorial claims in South China Sea
Chinese President Xi Jinping rejected Filipino claims to territory in the South China Sea in a bilateral meeting with President Rodrigo Duterte on Thursday.
US pre-open: Futures point to gains as cooling of trade tensions lifts markets
Wall Street futures had stocks opening higher on Friday as the cooling of trade tensions between the US and China looked set to helped markets for a second day in a row.
BofA-ML sees 'contrarian' signal to buy shares, despite risk of bond bubble bursting
A widely-followed market timing indicator flipped into a 'buy' signal on Thursday, pointing to better than even odds, albeit not by much, of a near-term rally in stocks, although bonds were most likely set for a correction.
Asia report: Markets mixed following positive trade comments from China
Markets in Asia finished in a mixed state on Friday, as investors digested mixed messages on the US-China trade front, and the Bank of Korea sated expectations by standing pat on interest rates.
Eurozone inflation and unemployment rate hold steady
Eurozone inflation was steady in August and well below the European Central Bank’s 2% target, while the unemployment rate for July was also stable, underpinning the case for stimulus from the ECB.
ECB's Lautenschlager argues against restarting QE
Sabine Lautenschlager became the third member in as many days at the end of the week to argue against the European Central Bank restarting its quantitative easing programme, saying that there were no signs yet of deflation and warning of the risk of 'moral hazard' by setting the wrong incentives for governments.