Sam Unsted

5 days ago | bloomberg.com | Morwenna Coniam |Sam Unsted

While we were digesting everything that had happened for the UK, Trump has been turning his attentions to China. The Trump administration is weighing a dramatic tariff reduction during weekend talks with China, Shawn Donnan reports. The US side has set a target of reducing tariffs below 60% as a first step that they feel China may be prepared to match, he says, citing people familiar with preparations for the talks.

6 days ago | bloomberg.com | Sam Unsted

Before we get to the BOE later, it comes in the wake of the decision by the Federal Reserve to keep rates on hold . Fed Chair Jerome Powell said the US central bank wasn’t in a hurry to cut rates, adding that the tariffs announced by President Trump could result in higher inflation and unemployment. Trump has repeatedly said the bank should lower rates. “The effects on inflation could be short lived, reflecting a one time shift in the price level,” he said.

1 week ago | bloomberg.com | Morwenna Coniam |Sam Unsted

Train ticketing portal Trainline has reported profit for the year which beat analyst estimates. Ticket sales rose 12% from a year earlier, the firm said. It plans to expand in Europe after success in Spain, where net ticket sales almost tripled in two years, with plans to deploy a similar strategy in Italy and France. CEO Jody Ford said: “Looking ahead, liberalised routes across Europe will be worth €12 billion by 2030, almost three times their size today.

1 week ago | bloomberg.com | Sam Unsted

Standard Chartered’s profit topped estimates in the first quarter and stuck with its shareholder returns plans, even as it weighed what impact a trade war could have on its business. The group -- which was hit hard in the first wave of the tariff-related selloff owing to its large cross-border finance business in Asia -- said that while higher trading volumes has helped, it was concerned that some clients are starting to pare risk because of the widespread uncertainty.

1 week ago | bloomberg.com | Sam Unsted

The jump in US futures is being helped by well-received results from two huge companies overnight: Microsoft jumped after its quarterly sales and profit growth beat estimates, indicating that demand for its cloud services held steady amid the tariff turbulence. Meta Platforms, owner of Facebook and Instagram, also rose as its results quelled worries about the impact of the tariff trade war. Photographer: David Paul Morris/Bloomberg