2 h. ago ‘Agent of chaos’ Bill Pulte and Jeanine Pirro behind DOJ investigation of Fed Chair Jerome Powell, report claims

Chairman has dismissed probe as a political attack brought about because he refuses to lower interest rates in line with ‘the preferences of the president’

Events

2 h. ago Dimon warns Trump administration’s attacks on Fed could boost inflation

JPMorgan chief says he has ‘enormous respect’ for central bank chair Jay Powell

Events

3 h. ago Central bank chiefs ‘stand in full solidarity’ with Jay Powell

Governors from 11 institutions issue statement of support for embattled Fed chair

Politics

4 h. ago Eleven central bank chiefs defend Fed’s Jerome Powell over DoJ investigation; oil hits two

Rolling coverage of the latest economic and financial news, as Trump says countries doing business with Iran face 25% tariff on US tradeGlobal central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America’s top central banker was threatened with a criminal indictment.Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking. Continue reading...

Events

5 h. ago ‘Agent of chaos’ Bill Pulte and Jeanine Pirro behind DOJ investigation of Fed Chair Jerome Powell

Chairman has dismissed probe as a political attack brought about because he refuses to lower interest rates in line with ‘the preferences of the president’

Events

5 d. ago London stocks dip as oil drags; defence index hits record high

London stocks dip as oil drags; defence index hits record high  Reuters

Events

5 d. ago M1 closed by airport after cattle truck crash & M56 ground to halt by oil spill as drivers hit with 90

TWO major motorways have ground to a halt following a cattle truck crash and oil spill with drivers hit with severe delays. The M1 in Leicestershire is closed northbound between Junction 23 and Junction 23a following a collision involving a cattle trailer. National Highways say Leicestershire Police are at the scene after the trailer overturned...

Events

2 w. ago Ukraine war live: Trump greets Zelenskyy in Florida for peace talks and says he thinks Putin is serious about peace this time

Call with European leaders is also slated to take place during meetingThe Ukrainian military said on Sunday that it hit the Syzran oil refinery in Russia’s Samara region in an overnight drone attack.The strike caused a fire and damages were still being assessed, Kyiv’s General Staff said. Continue reading...

Politics

2 w. ago Ukraine war live: Zelenskyy lands in Florida for Trump peace talks; call with European leaders to take place during meeting

Ukrainian president will meet US president at his Mar-a-Lago home later today for their first in person meeting since OctoberThe Ukrainian military said on Sunday that it hit the Syzran oil refinery in Russia’s Samara region in an overnight drone attack.The strike caused a fire and damages were still being assessed, Kyiv’s General Staff said. Continue reading...

Politics

2 w. ago Ukraine war live: Zelenskyy lands in Florida for Trump peace talks; call with European leaders to take place after meeting

Ukrainian president will meet US president at his Mar-a-Lago home later today for their first in person meeting since OctoberThe Ukrainian military said on Sunday that it hit the Syzran oil refinery in Russia’s Samara region in an overnight drone attack.The strike caused a fire and damages were still being assessed, Kyiv’s General Staff said. Continue reading...

Politics

2 w. ago Gold, silver and platinum hit record highs as investors look for Santa rally; oil climbs amid Venezuela blockage – business live

Rolling coverage of the latest economic and financial newsIs the Christmas shopping period more of a whimper than a bang for Britain’s retailers this year?Shopper traffic yesterday remained “stubbornly muted”, according to the latest footfall data from Sensormatic Solutions, which shows that visits were 13.1% lower than a year ago.“After an unsettled start to the festive period - defined by shaky consumer confidence and spending hesitancy – retailers will be left feeling frustrated that footfall remains stubbornly muted, after many were pinning their hopes on a surge in store traffic yesterday.”“With consumers leaving purchases right up to the wire, some retailers have released Boxing Day deals early to try and unlock that, so far, elusive consumer spending.”“What we’ve seen over the past week is a combination of position squaring in thin markets, after last week’s breakdown failed to gain traction, coupled with heightened geopolitical tensions, including the US blockade on Venezuel...

Economics

3 w. ago Ukraine strikes oil terminal, planes and ships in an array of strikes inside Russia

Ukrainian forces say they have hit an oil terminal, a pipeline, two parked jet fighters, and two ships in a series of strikes on Russian soil

Events

3 w. ago Ukraine war briefing: Russian oil rig hit in Caspian Sea over 700km from Ukraine

Kyiv continues campaign of attacks on Russia-linked maritime targets; latest US idea is three-way peace talks. What we know on day 1,397 Ukrainian drones hit an oil rig at Russia’s Filanovsky field in the Caspian Sea – more than 700km (435 miles) from Ukraine’s nearest border, as well as the military patrol ship Okhotnik and other facilities, Ukraine’s military general staff said in a statement on Saturday. It said the ship was patrolling near the platform. The extent of the damage was being assessed. The attack continues Kyiv’s recent campaign of strikes on Russia-linked maritime targets far from Ukrainian territory.Ukrainian drones struck a radar system in the Krasnosilske area of Crimea, which Russia illegally annexed from Ukraine in 2014. Ukraine’s SBU security service claimed two Russian fighter jets were also destroyed at an airfield in occupied Crimea.Since Thursday, Russian forces have at least five times hit a bridge on the Dniester River near the village of Mayaky, south-w...

Events