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IMF chief economist says it’s getting harder to find bright spots in the global economy

Stocks rallied the most since January 2019 on June 4, 2019, after Fed chairman Jerome Powell signalled an openness to cut interest rates if necessary.PHOTO: REUTERS

Metropolis veteran Mike Turner who ran BAE Programs and chaired GKN is resigning as a Barclays director, as a part of a boardroom clear-out designed to move off stress from activist investor Edward Bramson.

FRANKFURT (Reuters) – Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing’s 7 million euro ($8 million) total pay package making him one of the best paid chief executives in European banking.

The London Stock Exchange (LSE) has expanded its reach in Europe with an agreement today to acquire a nearly five per cent stake in clearing house Euroclear. The LSE said today it will buy an aggregate 4.92 per cent stake in Euroclear’s share capital for €278.5m (£241.9 million). Brussels-based Euroclear provides settlement, custody and collateral […]

EU negotiator Michel Barnier blasts U.K. Prime Minister Theresa May’s Brexit plan The U.K.’s main stock index advanced Monday, getting a lift from the pound’s slide, which came as a key European Union official criticized Britain’s Brexit plan. A softer pound can boost the FTSE 100, as the index’s multinational companies generate most of their […]

U.S. President Donald Trump talks tough about trade with Canada over the weekend Europe’s main stock gauge was little changed Monday, with analysts citing uncertainty over global trade tensions. Trading could be somewhat muted as U.S. investors take a break for Labor Day. What are markets doing? The Stoxx Europe 600 SXXP, +0.09%  was recently roughly flat at 382.39, […]

Over the past few weeks, investor fears of rising interest rates and inflationary pressures have taken a back seat to the escalating trade tensions between the U.S. and China. While any shift in public policy typically roils the stock market, all nations involved understand that an actual trade war can easily result in higher input prices for […]

Stock markets largely rose on Wednesday, tracking an overnight Wall Street rally after the Federal Reserve chief expressed confidence in the US economy despite global trade war fears. In foreign exchange, the pound slid to a 2018 low at $1.3010 on slightly receding prospects of a UK interest-rate hike next month after British inflation undershot […]

South Africa just had its strongest bond auction since March, a sign investors see value in the country’s debt after a sell-off sparked by Turkey’s currency woes. Traders placed R9.77bn of orders, or more than four times the R2.4bn of securities on sale, at the scheduled weekly Treasury auction on Tuesday, according to data published […]