All the day’s economic and financial news, as investors worry that Donald Trump could trigger a full-blown trade war with China
- Latest: Markets are recovering in Europe and Asia
- China central bank chief: don’t panic
- China Daily: Trump’s blood lust must be fought
Over in the US, and the country’s current account deficit widened in the first quarter, but by less than forecast. Reuters reports:
The Commerce Department said the current account deficit, which measures the flow of goods, services and investments into and out of the country, widened by $8.0 billion to $124.1 billion, or 2.5 percent of national economic output, in the first three months of the year.
Analysts polled by Reuters had expected the current account deficit to widen to $129.0 billion from the previously reported $128.2 billion in the fourth quarter.
Newsflash: The takeover battle over Rupert Murdoch’s 21st Century Fox group has taken another twist.
Disney has raised its offer for most of 21CF to $38bn per share, up from a previous offer of $28 per share.
21st Century Fox accepted a sweetened, $38-a-share bid from Walt Disney Co. for its entertainment assets, dealing a blow to Comcast’s efforts to acquire the business https://t.co/OvWVzbP7sV pic.twitter.com/cyWEyuv6S5