Trump’s steel and aluminium tariffs expected to push up US import costs by $100bn
Frequent changes to levies make it difficult to predict how trade of the metals would be affected
Economic news
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Switzerland proposes forcing UBS to add $18bn in capital
‘Too big to fail’ reforms come after bank’s rescue of main rival Credit Suisse
Switzerland proposes forcing UBS to add $26bn in capital
‘Too big to fail’ reforms come after bank’s rescue of main rival Credit Suisse
Tata Steel warns its exports are at risk under UK-US trade pact
Britain’s largest steel producer urges government to secure full deal with Trump as soon as possible
U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
Nonfarm payrolls were expected to increase 125,000 in May while the unemployment rate stayed at 4.2%.
UK lifts ban on some crypto-linked securities for retail investors
FCA will allow exchange-traded notes that track coins in push to boost digital assets industry