Why is British Steel in trouble and who owns it?
MPs are having an emergency debate on the future of the UK’s only remaining plant making virgin steel.
lates news
Read More
PM aims to pass emergency law on Saturday to ‘take control’ of British Steel plant
Parliament will be recalled on Saturday in a bid to save the firm’s Scunthorpe plant.
Liquidity worsens in $29tn Treasury market as volatility soars
Dollar also came under pressure as Donald Trump’s tariffs test confidence in US assets
The dollar system has always been vulnerable to presidential whim
But only now are asset managers beginning to reconsider the story of America as an inexhaustible well of safe bets
US stocks pick up slightly; China raises tariffs to 125% – business live
Sell-off in US Treasuries continues as China ramps up trade war
- US stocks fall again after rally following Trump’s shock retreat on tariffs
- What are bonds and why have they spooked Donald Trump?
The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.
The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.
There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid.