03 April – 07 April
More than 1m people have been lifted out of unemployment in the eurozone during the past year, pushing the jobless rate to the lowest in almost eight years and underscoring how the economic recovery is gathering pace across the bloc.
A reason for Mexico to give thanks for Donald Trump. The peso’s massive depreciation after the US presidential election boosted the central bank’s profits so much that it will be easier for the government to hold on to its credit rating, Moody’s suggests.
Toshiba tumbled on Monday amid media reports the company would likely miss a another deadline for its quarterly earnings.
LG Chem is expanding battery production in China in spite of Beijing’s preferential treatment for local makers, and even as the South Korean group attempts to diversify away from the world’s largest electric vehicle market.
Donald Trump, US president, is to meet Xi Jinping, his Chinese counterpart, at Mar-a-Lago in Florida this week. Discussions of economics seem likely to focus on China’s trade and exchange rate policies. This would be a mistake even if the US president’s views of trade were not mistakenly fixated on bilateral imbalances. Far more challenging and important is integrating China into the financial system. US policymakers should worry about China’s capital account, not its current account. That is where danger now lies.
The number of listed Japanese companies declaring bankruptcy in the 2016 financial year fell to zero for the first time since the collapse of the bubble. The zero-bankruptcy feat, which has been achieved just six times since 1964 was last achieved in 1990.
Growing overseas sales helped Asos shrug off tough market conditions for fashion retailers over the last six months, as it increased its full-year sales guidance for the second time this year.
Imagination Technologies lost more than half its market value in a single day this week when the chip designer revealed that Apple, its largest customer, was developing its own version of the graphics processing units in which the UK-based group has specialised.
US investment bank JPMorgan has bumped up its growth forecast for the UK economy in 2017 on the back of a strong start to the year for British consumers and businesses and a brightening world economy.
Japan’s service sector strengthened for a sixth consecutive month in March as demand continued to grow. The Nikkei-Markit Japan Purchasing Managers’ Index for the services sector rose to 52.9 in March hitting a 19-month high and remaining above the threshold of 50 separating expansion from contraction. It was at a level of 51.3 in February.
Disgruntled drivers in India are being wooed by new car-hailing apps that promise higher fares and better pay, as they seek to capitalise on employee discontent confronting market leaders Uber and Ola in the country’s $8bn taxi market.
WhatsApp is preparing to enter India’s booming digital payments industry, setting up a clash between the popular Facebook-owned mobile messaging app and PayTM, the payments start-up backed by China’s Alibaba.
Asian economies will drive global growth this year as rising external demand and commodity prices help counter a gradual slowdown in China, according to the Asian Development Bank.
Germany’s factories bounced back from their worst monthly performance since 2008 in February, reporting a 3.4 per cent increase in orders. The expansion partially erases the steep and unexpected 6.8 per cent contraction reported at the start of the year but came in below a forecast of around 3.5 per cent growth. Year on year orders were still comfortably in expansionary territory, up 4.6 per cent in a usually volatile set of numbers.
Unilever has unveiled a broad strategic revamp in bid to shore up investor support in the wake of a failed takeover approach for the multinational from Kraft Heinz.
It was a humbling moment for India’s national airline. Air India, which finally turned a profit last year after at least eight years of pre-tax losses, was revealed last month by the country’s auditor to have understated its operating losses by Rs64.2bn ($964m) between 2012 and 2015.
In a tableau of South America’s simmering stand-off between leftist populism and pragmatism, protesters blocked Buenos Aires’ streets and tried to bring Argentina to a standstill in a national strike on Thursday, even as a Davos crowd of bankers met in the capital to proclaim the virtues of free markets and liberal democracy.
China’s foreign exchange reserves rose again in March but by less than expected as authorities in the world’s second largest economy fight with halting capital outflows and have seen a stabilisation in the renminbi this year.
Samsung Electronics projected its best quarterly operating profit in more than three years thanks to solid component sales, shrugging off turmoil at home where the conglomerate’s de facto leader Lee Jae-yong has been caught up in a sweeping corruption scandal.
Hyundai Motor and its affiliate Kia Motors plan to recall tens of thousands of vehicles in South Korea and the US because of engine problems, in a move that could revive quality concerns about their vehicles.