Wall Street hits record high, as Iran tensions send oil price up – business live | Business

The Bank of England kept its main interest rate on hold at 0.75% on Thursday and warned that a combination of Brexit worries and global trade tensions was weighing on growth. All nine members of the Monetary Policy Committee backed the decision to not change rates. There had been some expectations in the markets that […]

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Stock markets fall as ECB adds to warnings on trade war – business live | Business

1.22pm BST13:22 A Northern Rail 142 Pacer diesel train at Doncaster station. Photograph: Richard Woodward/PA The mayors of Greater Manchester and Liverpool city region have called on the transport secretary to terminate the Northern rail franchise after a year of sustained misery for passengers. Speaking on behalf of the 4.3 million people they represent, Andy […]

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Pound hits four-month low against the euro as no-deal Brexit risks rise – business live | Business

“The hope of a compromise and a Brexit deal that kept the UK close to the EU, even with perhaps a custom union to minimise trade disruption, seems to have now dissipated with the departure of Theresa May. With Parliament apparently against leaving without a deal, but incapable of agreeing on anything else, then the […]

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Pound falls below $1.28 as Brexit talks collapse – business live | Business

10.47am BST10:47 Labour to vote against Theresa May’s deal as talks collapse We finally have the confirmation of what everyone was expecting: talks between Labour and the Conservatives over Brexit are dead and Jeremy Corbyn’s party will vote against Theresa May’s deal. Jeremy Corbyn today said talks have gone as far as they can go […]

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Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018.

Gold could hit $1,400 an ounce by end 2019 — INTL FCStone

Carla Gottgens | Bloomberg | Getty Images Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018. Gold is poised to move higher later this year, powered by the Federal Reserve’s less aggressive stance on interest rates and lingering global uncertainties, a […]

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Goldman Sachs profits fall 20%; US-China trade deal hopes grow – business live | Business

The sharp rebound in equities seen this year is beginning to look a little tired and markets were little changed amidst a downbeat set of forecasts from the IMF. While the IMF cuts its global growth forecast for 2019 and warned of downside risks, it is still projecting but with little conviction some recovery in […]

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All three F-35 variants at Edwards Air Force Base, California: the Navy's F-35C, the Marine Corps' F-35B, and the Air Force's F-35A variant.

Turkey’s Erdogan must choose US F-35 fighter jet or Russian S-400 missile system

Turkish President Recep Tayyip Erdogan now faces a choice that will have major consequences for both his foreign relations and his country’s economy. He can walk back pledges to buy a Russian missile defense system, the S-400, in favor of buying American weapons systems, or reject U.S. demands but forgo partaking in the F-35 joint […]

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UK construction activity drops as Brexit spooks clients – business live | Business

9.43am BST09:43 British builders have been stockpiling raw materials in case of a hard Brexit, according to the PMI report. Joe Hayes, economist at IHS Markit, explains: Brexit-related uncertainty continued to generate indecisiveness, ultimately hitting order book volumes. Furthermore, strong competition for contracts was also reported by some panel members. The outlook was subsequently underwhelming […]

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Asian stocks slump as US recession fears grip markets | Business

Shares in Asia Pacific have slumped after a key market indicator flashed an “amber warning” that the United States is heading for a recession. Bond yields also continued to fall across the world with Australian 10-year treasury yields falling to a record low on Monday of 1.756% in what analysts see as a strong indicator […]

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Stronger pound reflects City’s relief at receding no-deal Brexit | Phillip Inman | Business

The pound jumped to a fresh 10-month high on Wednesday after it became obvious that Britain will avoid crashing out of the EU without a deal. Obvious, that is, to City traders, who have always bet that a deal is the most likely outcome of the Brexit talks and now believe it to be a […]

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