06 February – 10 February
It was not the grand spectacle typical of the launch of a multimillion-dollar plant. But in Monterrey, Mexico’s northern industrial capital, it was significant that American metal-stamping company Trans-Matic held an event in the Donald Trump era.
Donald Trump’s plans to boost the US growth rate may be getting plenty of attention — but it is the eurozone economy that is quietly exceeding expectations. Figures for business sentiment, growth rates and unemployment for the single currency area have all provided positive surprises during the start of this year, as business confidence proves resilient despite Britain’s vote to leave the EU.
India’s radical experiment in demonetisation is providing an opportunity for international insurance groups to reach a new customer base that has long proved elusive.
Ajinomoto, the Japanese seasonings group with an appetite for new international markets, is directing the third stage of its $2bn global acquisition campaign at Europe.
Japan’s government is pushing companies and investors to hand over details of their US investment plans so Shinzo Abe can deliver a “tweetable” figure to Donald Trump when they meet this week.
China’s foreign exchange reserves dipped below $3tn in January for the first time in five years but the decline was the lowest in seven months as tighter capital controls and a stronger renminbi discouraged outflows.
Gap shares were back in vogue on Monday after the retailer behind Old Navy and Banana Republic lifted its outlook for fourth quarter earnings above Wall Street’s estimates.
Toshiba has received bids from South Korea’s SK Hynix, Taiwan’s Foxconn, private equity fund Silver Lake and at least three other groups for a minority stake in its profitable memory chip business, according to people close to the negotiations.
Leading US China experts have endorsed Donald Trump’s tough approach to trade with Beijing, contending that an increasingly unbalanced economic relationship requires a change in Washington’s policy.
Weak shopping mall traffic continues to wreak havoc on major US retailers, with Michael Kors the latest to cut its sales and profit forecasts as it struggles to battle dwindling consumer visits to US suburban centres.
Twitter is taking more steps to combat abuse as it tries to ensure users are not driven away from the messaging platform by suffering insults or seeing hateful comments about others.
The “bad bank” established in the wake of Ireland’s property crash has now recouped 95 per cent of the money it spent bailing out Ireland’s banks, in the latest sign of the country’s transformation into the eurozone’s strongest economies.
Mexican consumer prices rose a higher-than-expected 1.7 per cent in January, putting inflation at 4.72 per cent on an annual basis and setting the stage for a rate hike by the central bank later in the day.
First the wall, then the peso – Mexican cement and building materials maker Cemex has enjoyed a boon lately on the back of the fallout from Donald Trump’s presidency.
Uber has proposed temporary financial help for struggling minicab drivers in France — a response from the ride-hailing company to continuous spats over pricing and employee rights with its drivers that culminated in hundreds of them striking before Christmas.
Retro sneakers have helped put a spring in the step at Puma, with shares in the German sportswear company rising almost 3 per cent after it reported a 7 per cent increase in sales for 2016.
India’s industrial production dropped by 0.4 per cent in the final month of 2016 compared to the same period the year before, confounding expectations of a 1.2 per cent rise in output.
Mexico’s central bank increased its key lending rate on Thursday as expected by 50 basis points to 6.25 per cent after January inflation jumped to an 18-year high, fuelled by a sharp rise in gasoline prices.
When Cary Parton pulled a back muscle playing golf four years ago, he hardly gave it a second thought. But after several fruitless trips to a chiropractor, a series of X-rays led to a grim discovery: Mr Parton was suffering from advanced lung cancer that had spread to his bones and organs. The tumour in his liver was the size of a fist.
Fresh off a year in which it was the best performing stock on the S&P 500, chipmaker Nvidia on Thursday said it notched a new record for full-year revenue in 2016. Nevertheless, the company’s shares traded lower after hours as it projected a small drop in sales for the upcoming quarter.