18 September – 22 September
US defence contractor Northrop Grumman on Monday said it plans to buy Orbital ATK in a $9.2bn deal, marking the latest sign of consolidation in the industrial sector.
Workplace messaging app Slack has been valued at $5.1bn in its latest fundraising, which drew $250m from investors as the weight of cash in private markets continues to push up the valuations of the fastest-growing tech companies.
Amit Shah, president of India’s ruling Bharatiya Janata party and the engineer of the party’s election victories, recently made a rare public address on a problem that threatens Prime Minister Narendra Modi’s 2019 re-election prospects: the faltering economy.
Put helicopters in the same sentence as central banks and the assumption is you are discussing boosting an economy by showering cash from on high. In China, however, the notion is in reality more akin to so-called “helicopter parenting”, given Beijing’s constant micromanagement. The renminbi is one example. If China truly wants to internationalise its currency, it must learn to let go.
Deutsche Bank is doubling down on commercial real estate in New York, as chief executive John Cryan tries to arrest a slide that has threatened the bank’s position as one of the dominant forces on Wall Street.
The holiday cheers are fading fast for Toys R Us. Bonds issued by the venerable US toy retailer tumbled to a record low on Monday on reports that it could file for bankruptcy protection as soon as this week.
Hungary’s central bank eased monetary policy on Tuesday, reducing its overnight deposit rate, while leaving its main policy rate steady.
Australia’s central bank is expecting a decline in the price of iron ore in the short-term as Chinese steel demand hits a ceiling and global supply continues to expand.
Europe’s largest car companies have more than doubled the amount of lending on their balance sheets since the financial crisis, with the growing use of auto credit in global car sales pushing their total exposure to borrowers to record highs.
Parcel delivery company FedEx said on Tuesday that a June cyber attack on its TNT Express unit cost the company $300m in the first quarter, resulting in disappointing quarterly earnings and a lowered outlook for the fiscal year.
Economic performance is improving in most of the world’s leading economies but is still short of a self-sustaining upswing, the Organisation for Economic Cooperation and Development said on Wednesday.
Plumbers’ merchant Ferguson was among Tuesday’s biggest gainers as analysts played down the threat of Amazon encroaching on its market.
Souring yoghurt sales and shrinking US appetite for breakfast cereals prompted revenues at General Mills to slide for a ninth straight quarter, sending its shares down by the most in over eight years.
Google has broadened its smartphone manufacturing operations with an agreement to pay $1.1bn to transfer about 2,000 staff from Taiwanese smartphone maker HTC.
Ukraine is coming under pressure from its western backers to adhere to vital structural reforms after Naftogaz, the state oil and gas company and model of reform in recent years, was left without a supervisory board after independent British directors resigned.
Sweden’s currency rose modestly on Thursday against the common currency after the Riksbank said in its most recent monetary policy minutes that it “welcomed” progress on inflation.
Germany’s vast factory sector revved up to its quickest growth pace in close to six-and-a-half years in September, a closely watched survey showed, in the latest sign of strength for the eurozone’s biggest economy.
Beijing has condemned it as “poisonous”. The People’s Liberation Army weighed in to say it was sapping the might of the Chinese military. Parents added to the chorus of criticism when a 17-year-old boy suffered a stroke after playing the game nonstop for 40 hours. Honour of Kings is not just the world’s highest-grossing mobile game, with 200m registered users in China alone, it is also the subject of intense scrutiny.
From Mickey Mouse and Iron Man to Han Solo and Buzz Lightyear, Walt Disney owns some of the most valuable entertainment properties on the planet. So when its chief executive Bob Iger recently revealed what he called “a major strategic shift”, its rivals sat up and listened.
Anadarko Petroleum was the biggest gainer on the S&P 500 after the energy group announced a $2.5bn share buyback programme through the end of 2018.