President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv
LONDON, Aug 6 (Reuters) - The British pound rose slightly on Tuesday to hold above recent lows although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit.
Sterling hit a new 23-month low against the euro overnight, with the losses largely down to strength in the single currency rather than more Brexit-related worries.
The Guardian newspaper reported late on Monday that Brussels diplomats briefed after a meeting with British Prime Minister Boris Johnson's chief European envoy said it was clear Johnson had no intention of renegotiating the withdrawal agreement.
Johnson has said Britain will leave the European Union on Oct. 31 with or without a deal.
The risk of a no-deal Brexit in October has surged in recent weeks under Johnson, hammering the pound to its lowest in more than two years.
On Tuesday, sterling rose 0.3% against the dollar to $1.2173 , away from the 31-month low of $1.2080 hit last week.
Against the euro the pound recovered from a nearly 2-year low of 92.49 pence to touch 92.06 pence, up 0.2% on the day.
"In the run-up to the Brexit deadline at end-October, we expect EUR/GBP to remain volatile and maybe more so than we previously thought likely. Financial markets are taking Boris Johnson's direct approach literally and, in the run-up to October, this could mean EUR/GBP will drift higher," Danske Bank analysts said, predicting euro/sterling could go to 97 pence.
"Our base case continues to be a much, much less dramatic outcome at the end of October. We expect EUR/GBP to settle at 0.89-0.91 (89 to 91 pence per euro) on the back of an extension and/or snap election," they added. (Reporting by Tommy Wilkes; Editing by Angus MacSwan)