Trump threatens EU with fresh tariffs; oil hits 2019 high – business live | Business

The Trump administration is banking on being able to curtail Iran’s oil export revenue as much as possible, while hoping that the impact on the oil market will be limited by Saudi Arabia being able to release additional supply. Trump officials say it is seeking to maximise pressure on Iran until it returns to the […]

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UK retail sales surge as consumers ignore Brexit, but credit card defaults jump – business live

Rolling coverage of the latest economic and financial news, including new health checks on the eurozone private sector Latest: UK retail sales surge 1.1% in March Retail spending jumps 6.7% compared with 2018 But… credit card defaults have risen Earlier: Eurozone slowdown continues Another big fall in German manufacturing French factory output weakens again 1.00pm […]

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What you need to know in business news today

What you need to know in business news today

Zoom Video Communications (ZM) will debut today on the Nasdaq after its initial public offering priced at $36 per share. Las Vegas Sands (LVS) reported adjusted quarterly profit of 91 cents per share, beating estimates by four cents, while the casino operator’s revenue came in above forecasts as well. The company’s results were helped by […]

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What you need to know in business news today

What you need to know in business news today

Tim Cook said Apple (AAPL) will help rebuild Notre Dame Cathedral in Paris after it was severely damaged in a fire this week. French companies including L’Oreal and luxury groups LVMH and Kering have pledged millions of euros toward the reconstruction. (CNBC) * Donations to rebuild Notre Dame Cathedral near $1 billion (USA Today)* Notre […]

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House prices in the south-east of England fall for first time since 2011 — business live | Business

Replicas of “Longevity” lanterns are seen in front of the Qianqing Palace in the Forbidden City in Beijing, China, this month. Photograph: China Stringer Network/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. China has batted away concerns that its economy is faltering, by […]

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What you need to know in business news today

What you need to know in business news today

Paris’ Notre Dame Cathedral has been saved from “total destruction,” according to a French fire official, after a massive fire ripped through the structure yesterday and caused the roof and main spire to collapse. (CNBC) * Scenes of Notre Dame Cathedral in flames (CNBC)* Louis Vuitton and Gucci owners pledge more than $300 million to […]

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Markets await UK jobs report and German ZEW data – business live | Business

9.20am BST09:20 Newsflash: Sterling implied volatility (a measure of whether investors are betting on the pound surging or slumping) has hit its lowest level in 16 months. That shows the City isn’t expecting fresh Brexit drama soon, now that Article 50 has been extended until October. 9.07am BST09:07 JD hits record high A branch of […]

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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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