The US and Europe looked set for a renewed clash over everything from car tariffs to digital taxes in a sign that a new American focus was emerging following president Donald Trump’s trade truce with China.

European shares touched a record high after Phil Hogan, the EU trade commissioner, struck a positive tone on talks with Washington, soothing some concerns over a possible escalation in trade tensions between the cross-Atlantic allies.

Fund managers are ignoring this year’s rally in equity and credit markets and are hiding in cash amid concerns about the state of the global economy, the latest Bank of America Merrill Lynch survey shows.

The Turkish lira fell back in the face of US and European threats of sanctions and embargoes, though sceptical traders said it would weaken much further if Western allies turn words into action over Turkey’s incursion in Syria.

The ECB is in the spotlight ahead of a meeting today as it ponders making significant moves, including a rate cut that would be earlier than expected, following a survey on the dire health of manufacturing across the eurozone.

France won’t back off from its planned tax on companies like Facebook and Google, even after the US suggested it may use trade tools against the levy.

Irish businesses have been urged to invest in the US market, with states in the American heartland seen as ripe for growth.

Chinese and US negotiators have adjourned trade talks in Beijing with US treasury secretary Steven Mnuchin saying they were "constructive".

France intends to tax the revenue of about 30 internet giants, such as Amazon, to help ensure “fiscal justice,” according to the country’s Finance Minister Bruno Le Maire.

The Ftse-100 and other European stock market indices edged higher but the deep concerns over the potential for the US President Donald Trump to escalate the trade spats with China and Europe will likely weigh for some time, analysts say.

China's foreign ministry has said Beijing is open to negotiating with Washington amid a spiralling tariff dispute.

Germany and Argentina want to uphold a pledge to keep international trade free at a summit of the world’s largest economies in Buenos Aires this week, their finance ministers said.

Trump administration officials have said there will be no more conditions imposed on North Korea before a meeting of the two nations' leaders.

The Trump administration has escalated pressure on North Korea by slapping sanctions on scores of companies and ships accused of illicit trading with the pariah nation.

US stocks powered to their biggest gain in almost nine months as drugmakers and technology companies surged.

Google is willing to pay more tax globally says its chief executive Sundar Pichai, said at the World Economic Forum, as talk was on the tone of the “America First” speech that US president Donald Trump will deliver at the Davos summit in Switzerland.

US President Donald Trump has predicted 2018 will be a "tremendous year" after bidding farewell to 2017 with a lavish party at his private club in Florida.

The United States Treasury Department has issued sanctions against two officials it describes as "key leaders of North Korea's unlawful weapons programs".

US Treasury secretary Steven Mnuchin said the stock market will probably see its gains wiped out if politicians fail to deliver planned tax cuts that will benefit corporate America.

US Treasury secretary Steven Mnuchin said the stock market will probably see its gains wiped out if politicians fail to deliver planned tax cuts that will benefit corporate America.

Republican tax negotiators are targeting a US corporate tax rate of 20%, much higher than President Donald Trump wants — setting up a key decision for the president on a top legislative priority.

The Trump administration has slapped 18 Iranian individuals and groups with sanctions for aiding the country's non-nuclear weapons programmes.

Four thousand of the wealthiest, most influential leaders in the world descend on Beverly Hills, California, this week for the annual Milken Institute Global Conference, in what amounts to a peer review of President Donald Trump’s first 100 days in office.

The White House made its opening bid for what officials called the “biggest tax cut” in US history — with cuts that would benefit businesses, the middle class and certain high-earning individuals — but left unanswered questions about whether the plan would be paid for, or how.

New York would release the state tax returns for Donald Trump and other New Yorkers holding high office under state legislation crafted by Democrats.

Stocks, bond yields and the dollar are all falling, yield curves are flattening and sterling is marching higher. The “reflation” trades of 2016 that were supposed to mark a turning point in global markets are fading.

Global investors’ enthusiasm for European stocks continues to surge, the latest Bank of America Merrill Lynch survey of portfolio managers showed. The swing of funds into the region, and away from the US, was one of the largest since 1999.

The US president has publicly criticised his chief strategist, but it is the latter’s feud with Trump’s son-in-law that may push him out of the inner circle, says Shannon Pettypiece

The world's top economic powers have dropped a pledge to oppose trade protectionism amid pressure from the US.

Some predicted a win for Trump would spook the markets but Tom Metcalf and Jack Witzig found the prospect of a businessman in the White House just helped the rich grow richer.

Kyran Fitzgerald says that rather than drain the swamp as he promised in his election campaign, Donald Trump will actually bring more alligators with him next month.