13 February – 17 February
Japan’s economy grew at an annualised pace of 1 per cent in the final quarter of 2016 as yen weakness spurred a pick-up in exports and business investment.
When Donald Trump attacked China and Japan for currency manipulation, just ten days before this weekend’s summit with prime minister Shinzo Abe, it prompted immediate, vehement and largely accurate denials by East Asia’s economic giants.
What a beastly start to the year for St Ives, “the City printer” that was founded in the 1960s by Bob Gavron, one of the earliest advocates of constraints on executive pay.
Discoveries of new oil and gas fields have dropped to a fresh 60-year low, as companies put a brake on exploration and large fields have become harder to find.
Apple stock hit a new all-time high on Monday, driven by investor optimism that the launch of a new iPhone later this year will spark a sales “supercycle” and hopes that the company’s $230bn in overseas cash might soon be put to greater use.
Italian luxury goods group Prada on Monday said sales growth in January showed “positive results”, marking a turn in fortunes after falling revenues for more than a year.
Toshiba’s history as one of Japan’s most innovative multinationals appeared close to an end on Tuesday after the company said it was drastically scaling back its nuclear ambitions and may be forced to sell its flagship technology business.
Chinese credit growth slowed last month, a sign that Beijing policymakers are balancing pro-growth stimulus ahead of a political transition against the need to address the risk from rising debt.
China’s new local currency loans appeared to spike in January, but the rise of outstanding loans came in at a ten-year low and short-term deposits tightened markedly, possibly in response to tax and holiday pressures – so say economists, anyways, in their analysis of China’s latest lending and liquidity figures.
After a day of chaotic communication, a stock sell-off and a $6.3bn writedown that may destroy one of Japan’s greatest industrial names, the Toshiba president’s bow of apology finally came.
PepsiCo’s revenues rose 5 per cent in its fourth quarter thanks in part to an additional week to its fiscal year and as strong sales at home offset persistent currency headwinds.
Just two years after hitting the roads, Toyota is recalling its entire fleet of 2,800 fuel cell vehicles which the Japanese automaker has touted as the “ultimate eco-car” of the future.
Greek bonds are standing on the sidelines of a wider rally in eurozone sovereign debt this afternoon as investors seemed to have all but abandoned hope of a major breakthrough between Athens and its creditors at a meeting of the Eurogroup next week.
China has called an end to a six-month streak of dumping US Treasuries and returned in December to being a net buyer of US government debt again for the first time since last May. The move is part of a series of measures the country has introduced to manage capital flight. China’s foreign exchange reserves slipped below $3tn in January, its lowest for nearly six years.
Yahoo has agreed to take a price cut on the original $4.8bn sale of its core business to Verizon as both companies are determined to complete a deal that was jeopardised after the internet group revealed it had suffered two major data breaches, people involved in the negotiations said.
Israel has built world-class businesses in cyber security, agricultural technology and big data analysis. Now it has global ambitions in medical marijuana.
Singapore’s gross domestic product grew faster than initially thought in the final quarter of 2016, with greater growth in manufacturing bolstered by the electronics and biomedical sectors.
The eurozone current account surplus has hit its highest level since the start of economic and monetary union in 1999, likely emboldening critics who have accused the bloc’s largest economy of “exploiting” a weak exchange rate.
The owner of messaging app Snapchat has slashed its proposed valuation, as the company gears up for a marketing blitz on what is expected to be one of the largest US tech listings in recent years.
Japanese conglomerate Mitsubishi Heavy Industries has ruled out rescuing Toshiba’s stricken nuclear reactor business, warning there are too many differences between their respective technologies to make a tie-up possible.