30 October – 03 November
As part of China’s anti-corruption drive, the free liquor and even bottled water disappeared from the hotels housing guests for the 19th Party Congress, which concluded last week. But despite the austere note on which the core leadership insisted, there was a congratulatory air about the proceedings.
Prices in Germany unexpectedly slipped this month, highlighting the challenges facing the European Central Bank as it attempts to roll back monetary stimulus without reversing the recent uptick in inflation.
Games involving ink guns, banana skins and a self-propelling baseball cap have put Nintendo’s Switch on track to sell more units in its first year than its predecessor console, Wii U, sold in its lifetime, leading a dramatic revival for the Japanese company.
A good year for oil and metals trading has led Glencore to upgrade its full-year guidance for the division for the third time since January, even as production volumes at its mining operations fell.
Advanced Micro Devices shares extended their tumble to trade at a four-month low after Morgan Stanley downgraded the chipmaker, arguing that its gains from the cryptocurrency mining frenzy would “fade”.
The pace of growth of the French economy slowed slightly in the third quarter, according to a preliminary reading on the country’s gross domestic product.
Pilot pay increases at Ryanair will add as much as €100m to the airline’s annual cost base but the company has insisted the rostering crisis that led to 20,000 flight cancellations will not undermine its profit forecast this year.
Samsung Electronics has announced substantial increases in shareholder returns for the next three years on the back of record earnings, reaffirming its commitment to “creating shareholder value and returning significant capital to its shareholders.”
The largest shareholder of Myer, one of Australia’s oldest retailers, has launched a blistering attack on the department store operator, accusing management of running the company into the ground.
Higher motorcycle sales and a weaker yen have prompted Honda to upgrade its full-year profit and revenue forecasts. The upgrade came as the car, motorcycle and jet maker used its second-quarter results to flag a revised dividend policy and enhanced capital management via a share buyback of up to ¥90bn.
Vietnamese manufacturing growth slowed in October amid the slowest rise in output in a year, according to a market survey. The latest Nikkei Vietnam Manufacturing Purchasing Managers’ Index reading was 51.6, down from 53.3 in September.
Investors cheered Kellogg’s surprise return to sales growth during the third quarter, pushing shares in the world’s largest cereal maker nearly 9 per cent higher.
Approvals to build new homes in Australia grew for a second straight month in September, driven by an increase in the number of apartments green-lit. Building approvals rose 1.5 per cent month on month in September having returned to growth in August, according to the Australian Bureau of Statistics.
Germany’s labour market continued tightening in October, leaving the country’s jobless rate at the lowest level since its reunification in 1991.
Britain’s leading financial technology start-ups are celebrating a record-setting week as they accelerate their push to take market share from high-street banks in areas such as payments and lending.
National Australia Bank said it would axe 4,000 jobs — about 12 per cent of its workforce — over the next three years in an effort to automate and simplify its business using new technologies.
US stocks struggled for traction on Thursday as investors parsed details of the sweeping tax reform bill unveiled by the Republicans.
An independent gauge of China’s services sector enjoyed a partial recovery in October after falling to a 21-month low a month prior.
Apple beat iPhone sales forecasts in the September quarter and pointed to a stronger than expected end to the year, on the eve of Friday’s iPhone X launch, sending its shares to a new all-time high in after-hours trading.
Pandora shares hit the skids in after-hours trading on Thursday after the online radio company reported quarterly sales that missed analysts’ expectations and declining listener hours.