22 May – 26 May

22 May

Portugal passed a major milestone on its long journey out of the depths of the eurozone’s debt crisis on Monday as Brussels said the former bailout country is no longer in breach of the bloc’s budget rules.ernment Investment Corporation, is selling 93m shares, or 2.4 per cent of UBS’s total share capital.

Analysts at emerging-market specialists Renaissance Capital had practically given up hope of an interest rate rise from the Central Bank of Egypt after predicting one earlier in the year, but now they see some good opportunities after the central bank finally moved overnight.

Asian stock markets climbed on Monday after easing worries about Donald Trump’s presidency afforded Wall Street a relief rally on Friday.

Casino executives in Macau are confident that the slowdown of recent years is behind them amid a broad recovery in luxury goods demand in China.

23 May

Japanese manufacturing growth slipped to a six-month low in May as output and job creation fell to multi-month lows.

Markets are trading cautiously on Tuesday as news of a terror attack in Manchesteroffset an advance for Wall Street to reapproach a record high.

Man versus insect is not just a staple of B-movies. This battle is playing out with deadly consequences in the real world. Genetic manipulation has long offered hope for controlling disease carriers such as mosquitoes, by, for example, reducing the number of eggs a female can lay.

TransferWise, a British payments company best known for bashing banks in its adverts, is branching out by launching a new service that will make it seem more like a bank.

24 May

The Canadian dollar strengthened on Wednesday after the country’s central bank held its benchmark rate steady, but issued an upbeat tone on the economy.

China’s finance ministry chastised Moody’s on Wednesday after the US rating agency downgraded Beijing’s sovereign credit rating, highlighting investor concerns over rising debt and the slow pace of economic reforms intended to transform the country’s growth model.

Oil prices rose after data on Wednesday showed that supplies of US crude fell more than expected and were down for the seventh consecutive week.

Toshiba shares are up more than 7 per cent on reports Western Digital was prepared to offer ¥2tn ($17.9bn) for the Japanese conglomerate’s prized memory chip business.

25 May

When Australia’s A$49bn (US$36.6bn) plan to build a high-speed internet network risked going awry in late 2013, then communications minister Malcolm Turnbull appointed an American as head of the National Broadband Network to salvage the situation.

When Poland became the first country to sell a green sovereign bond late last year, Lombard Odier Investment Managers sat it out — despite having a rapidly growing portfolio of climate-related bonds.

Tui was in demand on Wednesday as travel and tourism operators led the London market higher. Bernstein analysts repeated “outperform” advice on Tui, which climbed 2.8 per cent to £11.73.

Shares in Tanzania-focused gold miner Acacia Mining fell 30 per cent on Wednesday after the country accused it of under-reporting the amount of metal in its shipments and kept a ban on exports.

26 May

Despite misgivings about underlying economic data, Bank of America Merrill Lynch analysts on Friday said they are joining the consensus view that the Federal Reserve will raise interest rates at its June meeting.

Core consumer inflation in Japan rose for a fourth consecutive month in April as fuel and utilities prices edged higher.

Machine learning poses a threat to equity hedge funds within the next decade as the technique becomes powerful enough to forecast market moves better than humans, one of the earliest investors in the industry is forecasting.

Apple supplier Sharp has laid out an aggressive plan for a 2.5-fold increase in profits over the next three years under the ownership of Foxconn, as it also considers building a manufacturing plant in the US.