Author: Daniel snow
The market is getting increasingly excited about the possibility of interest-rate cuts from the Federal Reserve, but London-based strategists at JPMorgan say the reasons behind the reductions are not likely to be supportive for stocks. Source link
Dollar retreats on rate cut optimism; euro close to multi-year high Source link
Microsoft is killing the Blue Screen of Death. Source link
Prime Minister Keir Starmer speaks during a visit to a Jaguar Land Rover car factory on April 7, 2025 in Birmingham, United Kingdom. Wpa Pool | Getty Images News | Getty ImagesLONDON – The U.K.-U.S. trade deal comes into play on Monday, giving a preferential tariff rate to British cars imported to America, while questions linger over final levies on the U.K.’s metal exports.Back in May, the U.K. became the first country to negotiate a trade deal with the U.S. since White House leader Donald Trump unveiled his so-called reciprocal tariffs a month prior. The terms of the agreement are effective…
South Korea says seeking extension to US 90-day tariff pause Source link
The logo of British oil major BP.Sopa Images | Lightrocket | Getty ImagesFor weeks, market tongues have been wagging about a potential merger between Britain’s oil giants — until, ending weeks of speculation, Shell on Thursday denied reports that it’s in talks to acquire BP.But how did we get to the point that BP, a U.K. oil exploration company that was founded in 1909 under the name Anglo-Persian Oil Company, is now seen as a possible takeover target for its long time rival?The resetBack in 2020, under the guidance of then newly appointed CEO Bernard Looney, BP announced it would embark…
Breakneck rearmament risks taking the European Union not forward but backward. Source link
U.S. President Donald Trump announced on April 4 that he would again postpone enforcement of a law banning TikTok unless its Chinese owner ByteDance divests from the platform. Vcg | Visual China Group | Getty ImagesU.S. President Donald Trump told Fox News in an interview aired on Sunday that he has a group of “very wealthy people” ready to buy TikTok, whose identities he can reveal in about two weeks.Trump added that the deal will probably need Beijing’s approval to move forward, but said “I think President Xi will probably do it,” in reference to China’s leader Xi Jinping.The president…
Asia FX firms amid positive Chinese PMIs; dollar weak on rate cut speculation Source link
U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau | Via ReutersCanada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States, Ottawa announced Sunday night.The move comes after U.S. President Donald Trump announced over the weekend that he will be “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a digital services tax on American tech firms.The statement from Canada said that Prime Minister Mark…