Economic News
China fights back against US with $60bn of new tariffs
Beijing struck back at Donald Trump’s latest round of trade tariffs on Tuesday, imposing their own sanctions on $60bn worth of US goods.
Treasury to lose over £100m a year over betting machine delays
The Treasury could lose over £100m for every year it postpones slashing the highest-permitted stake on fixed-odds betting terminals, a report from the Centre for Economic and Business Research has found.
US housebuilder sentiment steady in September - NAHB
Sentiment among US housebuilders was steady in September, according to data released on Tuesday.
EU citizens should not get special immigration treatment post-Brexit, report says
EU immigrants should not receive preferential treatment after Brexit, according a report published by the government’s migration advisory committee on Tuesday.
Fund managers up cash, start to price in more hawkish Fed, BofA-ML says
Global fund managers topped up their holdings of cash and lowered their allocation to global equities, according to the results of Bank of America-Merrill Lynch's fund manager survey for the month of September, especially towards Emerging Markets and Europe.
Trump imposes fresh batch of tariffs on $200bn Chinese imports
US President Donald Trump has confirmed he will impose new 10% tariffs on Chinese imports worth $200bn from next Monday, 24 September.