China relieved, U.S. business ambivalent over easing of trade tensions

Today's press

• China relieved, U.S. business ambivalent over easing of trade tensions

  BEIJING (Reuters) - China’s government on Monday praised a significant cooling of trade tensions with the United States, saying agreement was in both nations’ interests while state media trumpeted what it saw as Beijing’s refusal to surrender to U.S. economic threats.

• BOJ wins approval for dropping its inflation target timeframe

  TOKYO (Reuters) - The Bank of Japan on Monday won approval from influential members of the government’s leading advisory panel for its decision to abandon the timeframe it had set for meeting its inflation target.

• FTSE 100 reaches record high as pound sterling drops to 2018 low against dollar

  The FTSE 100 reached a record high on Monday, adding 0.9 per cent to move past 7,840 for the first time ever, as sterling tumbled to its lowest level against the dollar since the start of this year.