01 May – 05 May
South Korea’s export growth ramped up to the quickest pace in nearly six years in April, driving its trade surplus to the highest level on record as the US seeks to renegotiate its trade pact with the country based on a widening bilateral trade deficit.
A new chapter in Puerto Rico’s battle with creditors opens when the indebted US territory stares down a potential bankruptcy filing and the threat of dozens of lawsuits on Tuesday.
Hanging over discussion of Federal Reserve tightening has been a potentially market-shaking question: how to safely unwind the crisis-era asset purchases that bloated the central bank’s balance sheet.
Shares in Japan Airlines dropped as much as 7.9 per cent on Monday after the company forecast a 16.6 per cent drop in operating profit for the current financial year.
The recovery across the eurozone’s manufacturing sector continued in April, according to a series of closely-watched business surveys, which showed growth rising to another post-crisis high.
Australia’s central bank has kept interest rates steady, with its slightly more upbeat stance on the domestic labour market helping send the Australian dollar higher.
A few weeks ago, Hong Kong investment firm PAG took advantage of a fight among the shareholders of locally listed Yingde Gases to gain control of the company for $1.5bn, fending off rival interest from Air Products of the US. Had Air Products prevailed, it would have been among the largest acquisitions of a Chinese firm by a US strategic investor in history.
Revenues and profits at carmakers have been boosted by a shift towards larger vehicles as low fuel prices and a flurry of new products convince motorists to ditch traditional saloon cars for sport utility vehicles.
The eurozone’s economy grew by 0.5 per cent in the opening quarter of this year, beating a figure of 0.4 per cent for the wider EU, according to new data from eurostat.
Lending rates in China swung on Wednesday after the country’s central bank pumped the most cash into the financial system in almost four months.
Esure hit a record high on Tuesday amid hopes that surging car insurance premiums will translate to fatter dividends.
Shares in Texas Roadhouse hit a new all-time high after the causal dining restaurant said strong traffic growth helped it report upbeat first quarter sales at a time when the industry has struggled to keep customers coming through the saloon door
The Bank of England will be sorely tested as the guardian of Britain’s economic and financial stability in another crisis, the architects of the current system have warned.
An independent gauge of China’s services sector growth fell to its lowest level since May 2016 last month, pushing further below its official counterpart and indicating a softer start to the second quarter for the country’s economy as a whole.
China has rapidly emerged as the leading issuer of green bonds, spurring excitement among the green finance community that they will help the world’s largest emitter reduce its choking pollution. But although the amount raised is carefully tracked, how the money is being spent is less clear.
The Australian government has confirmed it would block any attempt by BHP Billiton to change its corporate structure and incorporate the company in the UK– a course of action sought by activist hedge fund Elliott Associates.
The Canadian economy in April added jobs at the slowest pace since November, undershooting economists’ estimates, data on Friday showed.
Indonesia’s economic activity notched a marginal rise in year-on-year growth during the first quarter, in line with expectations, as quarter-on-quarter contraction decelerated.
Nobody loves Big Oil. Filling up the car is sometimes described as a distress purchase, meaning that you want to escape as soon as possible, and investors seem to have a similar desire to escape from the shares of BP and Royal Dutch Shell. This week, the unpopular pair produced results to show how profitably they can live with $50 oil and their shares merely recouped the previous few days’ losses.
China’s bicycle-sharing craze ought to be good news for struggling manufacturers in the world’s biggest maker of two-wheelers.