Bank of England governor Mark Carney on Friday warned that a no-deal Brexit would be a shock for Britain, causing supply disruption and potentially undermining entire sectors of the economy such as the car industry and farming.
U.S. job growth likely slowed in July after outsized gains in the prior month, with wages probably maintaining their moderate pace of increase, which could boost market expectations for another interest rate cut from the Federal Reserve next month.
Deutsche Bank has set aside over 1 billion euros (US$1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.
The U.S. economy is adding lots of jobs, but a drop in the number of hours at work points to a dimmer outlook for economic growth as businesses brace for an escalating trade war with China.
JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting a precedent that one analyst said would trigger a wave of similar transactions.
SINGAPORE: Singapore’s factory activity contracted for a third consecutive month in July as global trade uncertainties caused costly disruptions to the current supply chains of local manufacturers, according to data released by Singapore Institute of Purchasing and Materials Management (SIPMM) on ...
Deutsche Bank has set aside over 1 billion euros (US$1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.
WASHINGTON: U.S. President Donald Trump on Thursday accused his Chinese counterpart of failing to meet promises to stem a deluge of the synthetic opioid fentanyl into the United States, after months of praising Chinese President Xi Jinping for his pledges. "My friend President Xi said that he ...
MILAN: Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year. Releasing its second quarter results, the company confirmed that it was on track for the higher end of...
Apple Inc could see a hit to its annual earnings from U.S. President Donald Trump's newly proposed 10per cent tariff on Chinese imports from September 1, analysts from Bank of America Merrill Lynch said on Friday.
