Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had...Politicsread more
Lowe's is vying for a category of customer that Home Depot has traditionally dominated — the professional contractor.Retailread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
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* FTSE 100 down 0.5%, FTSE 250 down 0.3%
* Shell drops on poor results
* StanChart rises after profit beat
* Barclays gains on dividend hike
* LSE up on Refinitiv buy
Aug 1 (Reuters) - London's FTSE 100 was knocked back on Thursday by a steep drop in Shell and scotched hopes of more U.S. interest rate cuts, even as LSE jumped after a $27 billion deal to buy Refinitiv and StanChart rose after profit beat.
The FTSE 100 index dipped 0.5% by 0707 GMT. The midcap index was down 0.3%, pressured by a 9.4% results-driven rise in medical products maker Convatec keeping a lid on losses.
Shell, the most valued company on the FTSE 100, fell 4.3%, was set for its worst day since December, as its second-quarter profit slumped to a 30-month low due to lower oil and natural gas prices and refining margins.
On the flip side, Standard Chartered jumped 3.2% as investors focussed on strong results despite a warning on risks from the U.S.-China trade war. Barclays added 2% after hiking its dividend.
London Stock Exchange climbed 4% after agreeing to buy financial data provider Refinitiv in a deal that will transform the British company into a market data and analytics giant.
Thomson Reuters, the parent company of Reuters, currently holds a 45% stake in Refinitiv. (Reporting by Muvija M and Shashwat Awasthi in Bengaluru Editing by Saumyadeb Chakrabarty)