3 w. ago Wall Street slumps as hopes wane for tariff delays; US says it will implement 104% tariff on China – business live

US stock market swings wildly as investor hopes for concessions and delays on tariffs waxed then waned How ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

3 w. ago Wall Street surges 3% as European markets rebound on trade deal hopes – business live

Rallies come as US Treasury secretary says he believes country can reach ‘some good deals’ with trading partnersHow ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

3 w. ago Wall St set to rally as European markets rebound despite Trump and China trade threats – business live

Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmailHow ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Politics

3 w. ago FTSE 100 Live 08 April: Markets rally on dealmaking hopes, S&P 500 seen higher

Buyers returned to the London stock market today after a three day rout triggered by Donald’s Trump’s trade war threats.

Economics

3 w. ago FTSE 100 Live 08 April: Markets rally, Nikkei surges 6% on hopes of trade talks

Buyers returned to the London stock market today after a three day rout triggered by Donald’s Trump’s trade war threats.

Politics

3 w. ago Asian share markets routed in early trading as Trump says ‘you have to take medicine’

US president tells reporters the levies are ‘medicine to fix something’ as Nikkei tumbles nearly 9% in early trading, worsening huge losses from last week’s announcementMarkets react to Trump tariffs – live updatesDonald Trump said foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterised as “medicine,” as markets in Asia plunged in early trading on Monday.Speaking to reporters aboard Air Force One late on Sunday, the US president indicated he was not concerned about market losses that have already wiped out nearly $6tn in value from US stocks. “I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said. Continue reading...

Politics