U.S. Treasury Secretary Steven Mnuchin

The United States on Friday escalated a tariff war with China by hiking levies to 25 per cent for 200 billion dollars worth of Chinese goods in the midst of last-ditch talks to rescue a trade deal. However, even as Beijing threatened…

The British pound paused for breath on Friday but stayed on course for its biggest weekly gain in seven weeks after the UK parliament voted to seek a delay in Britain’s exit from the European Union, following a decision to avert a no-deal…