08 May – 12 May
China’s export growth halved last month in dollar terms as imports slowed markedly more than expected, tracking with recent readings that suggested slower expansion in the country’s manufacturing sector in April.
Households and small businesses all over the world are being shut out of the global financial system, according to a new report, as banks cut ties that could expose them to sanctions from regulators.
Sinclair Broadcast Group, the biggest US local television station owner, has struck an agreement to buy Tribune Media for $43.50 a share, valuing Tribune at about $3.9bn.
Brent crude oil, the international benchmark, is steady around $49 a barrel, after dropping by as much as 10 per cent last week in a move seen as a sign traders have grown impatient with Opec’s attempts to mop up a near three-year old surplus. The sell-off followed strong first quarter results from so-called “Big Oil” that trumpeted their ability to adapt to the price slump, with t
The International Monetary Fund has raised its growth forecast for the Asia Pacific region to 5.5 per cent in 2017, but warned that the near-term outlook for the region is “clouded with significant uncertainty”, adding that medium-term growth faced difficulties from a slowdown in productivity growth in both advanced economies and China.
Strong improvements in French and Italian labour markets helped power a 6 per cent like-for-like first quarter rise in revenues at Adecco as the Swiss employment services group benefited from a pick-up in the global economy.
Divorcing from the EU will cost the UK £140bn, or 7.5 per cent of gross domestic product, the head of the London-based Algebris hedge fund said on Monday, as he suggested betting against the country’s debt.
When Koo Young-key arrived in India as a sales executive for Hyundai Motor, the country was an afterthought for most in the automotive industry. During his first full year there in 1998, fewer than 400,000 cars were sold in India, with his South Korean employer, which started production in Chennai that year, shifting just 8,447.
The European Central Bank’s reluctance to raise interest rates is putting pressure on Sweden’s central bank to keep its own stimulus measures in place, the Riksbank has acknowledged, making it harder for policymakers to respond to rapid growth in the local economy.
Volkswagen faces a backlash over corporate governance and pay at its annual shareholder meeting on Wednesday as critics accuse the group of allowing standards to deteriorate since the 2015 diesel emissions scandal.
Riskier US corporate debt regained some of its footing on Tuesday, with a number of bond sales expected over the coming days despite the weight of falling oil prices.
Saudi Arabia will join other Opec oil producers on May 25 to decide whether to maintain production cuts or let them expire. Whatever decision they reach will not be enough, on its own, to rescue the oil price.
Outbound shipments from the Philippines grew more than expected in March, but a surprise rise in imports helped drive the country’s trade deficit higher than anticipated.
The global exchange traded fund industry smashed past $4tn in assets last month, as the gingerly improving performance of active asset managers this year does little to dent investor appetite for cheaper, passive alternatives.
A UK start-up trying to put the plumbing of the vast foreign exchange market on the blockchain has secured two of the world’s biggest traders, Citadel Securities and XTX Markets, to its fledgling service.
Stock markets in the Asia Pacific region were mixed on Thursday as energy stocks enjoyed a boost from improved crude prices. In Sydney the S&P/ASX 200 was up 0.7 per cent as energy stocks climbed 1.1 per cent. Shares in major banks were recovering from a drop brought on by a new levy announced on Tuesday night, with National Australia Bank up 1.1 per cent.
Hong Kong’s GDP growth picked up considerable pace at the start of the year, notching up its best year-on-year performance since 2011.
Malaysia’s central bank kept its benchmark interest rate steady at 3 per cent, as expected by economists, and flagged a continuation of domestic growth.
Regulation has played a role in shrinking the pool of US-listed companies, but issues such as a white-hot market for private funding and mergers and acquisitions may be bigger factors, according to investors, lawyers and other market participants.