US economy adds fewer jobs than expected amid global recession fears – business live

Rolling coverage of business, economics and markets as investors focus on chances of Federal Reserve interest rate cutsBP chief executive Bob Dudley to retire after a decade at helmCity regulator threatens to ban automatic insurance price risesJohn Lew…

Read more

World stocks rally as Trump steps up pressure on Fed to cut rates

President tweets demand for 1% reduction and more QE as markets look to central banks to bolster global economyStock markets have been boosted by the growing prospect of more stimulus measures by central banks and governments across the world as Donald…

Read more

Inverted curve proves White House has won its battle with the Fed

WeWork may have left it a tad late for its IPO unless the central bank makes a swift and decisive cutWeWork, the loss-making US office rental company, is planning a stock market launch next month to fund its global expansion. All the signs on Wall Stre…

Read more

The Fed comes up with an interest rate cut that will please nobody | Larry Elliott

Donald Trump has been pushing for it, but the real problem lies with the man in charge – Jerome PowellDonald Trump got less than he wanted. Wall Street was unimpressed. Both the White House and the financial markets see the first cut in US interest rat…

Read more

Federal Reserve cuts interest rates by 0.25% – its first in a decade

US central bank signals growth is slowing in the world’s largest economyThe US Federal Reserve has cut interest rates for the first time in more than a decade in an indication that the world’s largest economy is running out of steam.The US central bank…

Read more

Why Trump prefers Mario Draghi over Jerome Powell

As the US president at last gets his interest rate cut he must wish he could have had the bold ECB boss at the FedCentral bankers rarely say anything that sticks in the memory. Mark Carney has been at the Bank of England for the past six years and is k…

Read more

Life is hard for retailers. But Sports Direct is in a crisis of Ashley’s own making

Government action is needed to preserve Britain’s high streets. But no law can protect a company from unrestrained ambitionEven by Mike Ashley’s standards, Sport’s Direct’s annual results statement on Friday was an extraordinary performance. The idiosy…

Read more

Donald Trump attacks ECB for ‘currency manipulation’

Global trade war fears deepen after US president reopens EU spat after talk of new rate cut planDonald Trump has accused the European Central Bank (ECB) of unfairly manipulating the euro, further raising the stakes for Washington in its trade and diplo…

Read more