Sajid Javid faces MPs over steel crisis - business live

Discussion in 'Market News' started by Lily, Apr 28, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    All the day’s economic and financial news, including an inquiry into the crisis in Britain’s steel industry

    The Agenda: Sajid Javid at the BIS committee

    8.04am BST

    Investors in Japan are nursing heavy losses today after the country’s central bank defied expectations of yet more stimulus measures.

    The main Japanese stock index, the Nikkei, has slumped by 3.6% and the yen has soared against the US dollar.

    USD/JPY plunges >3 big figures on BOJ's no move, the biggest fall since Aug and third biggest since 2008-09 crisis

    Central banks re QE, alternating: "It's not working. We must do more of it!" "It's not working. We must do less of it!"

    7.46am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    The future of Britain’s steel industry is under scrutiny today, as MPs investigate efforts to save thousands of jobs at Tata’s operations across the UK.

    Related: Sajid Javid to face MPs over crisis in UK steel industry

    Related: Tusk rejects Tsipras request for EU summit on Greece bailout

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