US trade deficit rises to nine-month high in OctoberWASHINGTON: The US trade deficit increased more than expected in October, hitting a nine-month high as rising oil prices helped to boost the import bill, suggesting that trade could be a drag on growt...
UK economy lags further behind resurgent euro zoneLONDON: Britain’s economy is ending 2017 lagging the euro zone’s strong recovery as the effects of last year’s Brexit vote weigh on shoppers and on businesses, according to a range of data released on...
Dollar steadies after Monday’s bounce; sterling trims dropLONDON: The dollar steadied on Tuesday after posting its biggest daily rise in a week in the previous session as caution set in before the US tax bill becomes reality, with sterling bouncing off the d...
Wooden dams and river jams: US strains to ship record grainsABOARD THE OLIVER C. SHEARER: America’s worst traffic jam this fall occurred on the Ohio River, where a line of about 50 miles of boats hauling grains and other products turned into a waterborne parki...
Bank of England considered bigger increase to banks’ risk buffer last weekLONDON: The Bank of England considered raising banks’ capital requirements last week by more than it had previously signalled to tackle risks to the financial system including those from Brexit, the B...
FTSE edges up as pound dips on Brexit deadlockLONDON: The UK’s top share index edged up on Tuesday, outperforming European peers as sterling slid in the wake of Prime Minister Theresa May’s failure to clinch a deal to open post-Brexit free trade...
Inflation-hit UK shoppers hunt Black Friday bargains, spend more on foodLONDON: British shoppers snapped up Black Friday bargains last month but an increasing share of their budgets was taken up by the rising cost of food, retailers said on Tuesday. Britain’s consumers ar...
EU adopts blacklist of 17 tax havensBRUSSELS: European Union finance ministers adopted on Tuesday a blacklist of tax havens which includes 17 extra-EU jurisdictions seen as not cooperative on tax matters, French Finance Minister Bruno L...