26 June – 30 June
Following President Recep Tayyip Erdogan’s narrow victory in April’s referendum, which granted him new and wide-ranging executive powers, there are more reasons to feel positive about the Turkish economy — at least in the short term.
China markets rallied on Monday as other bourses in the region struggled to gain traction. Hong Kong’s Hang Seng index was up 0.5 per cent, with the China Enterprises index of blue-chip Chinese companies climbing 0.9 per cent
Takata, the Japanese automotive supplier at the centre of a global recall of exploding airbags, has filed for bankruptcy protection in Japan and the US, paving the way for a $1.6bn takeover of its surviving business by a Chinese-owned group.
Narendra Modi is just days away from giving the final go-ahead for the government to sell off Air India, the debt-laden national airline, according to officials in Delhi.
Ever since the financial crisis, the world’s policymakers have focused on eliminating the problem of banks that are “too big to fail”. But global regulation is set to take a new direction as top international rulemakers step down and the post-crisis appetite for reform fades away.
A Banca Popolare di Vicenza bond was by far the most traded credit on European corporate bond markets on Monday, after its price rose sharply following a government intervention over the weekend.
Alibaba-backed Best Logistics has filed for a $1bn New York listing in what could be the biggest US float of a Chinese company this year.
Mark Schneider, Nestlé chief executive, addressed a conference in Berlin last week. “Size alone won’t protect you from change,” he told the Consumer Goods Forum and, after listing the challenges facing the industry, added that “status quo is not an option”
Brazil’s markets closed little changed on Tuesday despite the indictment of President Michel Temer for corruption late on Monday as investors bet that the country’s political crisis will not destabilise the economy.
The dollar touched its lowest level since November 9 on Wednesday and appeared on track for the lowest close since October after comments from the eurozone’s central bank president on Tuesday helped bolster the single currency.
Facebook now has 2bn people using its apps and services every month, its founder Mark Zuckerberg announced on Tuesday morning in California. The milestone means that Facebook has doubled its audience in just under five years, after surpassing 1bn monthly active users in October 2012. It hit 500m MAUs in 2010.
The Bank of England has told lenders they will need to build a special buffer worth £11.4bn over the next 18 months as it tries to make banks more resilient to the risk posed by mounting consumer debt.
Vietnam’s economy expanded at a faster rate than expected during the first half of the year. The country’s gross domestic product for the six months to June rose 5.73 per cent, coming in above economists’ estimates compiled by Bloomberg of 5.5 per cent. This was above the growth seen in the previous period 5.1 per cent.
BT Group, the FTSE 100’s biggest loser this year, outperformed a falling London market on Wednesday after Macquarie advised buying. Consensus forecasts for BT have missed the upside from EE, its mobile business, thanks to the group’s “extraordinary spectrum position”, said Macquarie.
Sycamore Partners on Wednesday said it will buy Staples, the office supply retailer, in a $6.9bn deal.
“Today they announced that we all have five years’ job security. That’s a big thing for us. You don’t get that in many places today.” The dark haired Rolls-Royce foundry worker was relieved.
The latest shopping data from Germany give the impression of a country flashing the cash – a challenge to the national stereotype.
Strong demand for premium beers helped US brewer Constellation Brands deliver another quarter of frothy profit growth and prompted investors to bid up the stock to a record high on Thursday.
This week’s global government bond sell-off gathered pace, and the dollar touched an eight-month low against a basket of rivals, as participants continued to weigh the prospect of central banks outside the US joining the Federal Reserve in removing monetary policy stimulus in coming months.
It was not a proud moment for LG Electronics. In 2014, Jo Seong-jin, then president of LG’s home appliance division and now the South Korean company’s chief executive, was accused of sabotaging products belonging to Samsung at a trade fair in Germany.