(Reuters) -Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation, following Moody’s downgrade of the U.S. sovereign credit rating. According to LSEG Lipper, global equity funds saw $9.4 billion in net outflows, a sharp reversal from more than $20 billion ...
By Philip Blenkinsop, David Lawder and Stephanie van den Berg BRUSSELS/BANFF, Canada/THE HAGUE (Reuters) -U.S. President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple (NASDAQ:AAPL) he may slap a 25% levy on all iPhones bought by U.S. consumers. The twin threats, delivered via social media ...
By Sruthi Shankar, Medha Singh, Ragini Mathur and Purvi Agarwal (Reuters) -European shares closed sharply lower on Friday after U.S. President Donald Trump ramped up threats of tariffs on the European Union and smartphone giant Apple (NASDAQ:AAPL), reigniting fears of a damaging global trade war. Trump said he is recommending a straight 50% tariff on goods from the EU starting on June 1, which wou ...
By Sruthi Shankar, Medha Singh, Ragini Mathur and Purvi Agarwal (Reuters) -European shares closed sharply lower on Friday after U.S. President Donald Trump ramped up threats of tariffs on the European Union and smartphone giant Apple (NASDAQ:AAPL), reigniting fears of a damaging global trade war. Trump said he is recommending a straight 50% tariff on goods from the EU starting on June 1, which wou ...