01 January – 05 January

01 January

Singapore’s economy grew at a faster pace than expected in the three months to the end of December but growth slowed compared to the third quarter, according to an advance estimate.

Hassan Rouhani, Iran’s president, has called for unity as the death toll from the biggest anti-government protests in almost a decade was feared to have exceeded 20.

Airbus remains locked in discussions with Emirates Air Line over a crucial $15bn deal to rescue its A380 superjumbo programme, even as it closes out 2017 with a record number of deliveries and a higher than expected level of orders.

Deutsche Bank chief executive John Cryan has promised staff “normal” bonuses and pay increases for the first time in his two and a half years in charge, as Germany’s biggest lender emerges from its most turbulent period.

02 January

Growth in China’s manufacturing sector firmed in December as improved sales and stronger demand supported growth, according to a closely-watched survey of private companies.

Emerging market equities powered higher on Tuesday, extending strong gains from 2017 that were driven by the strength of the world economy and expectations for mild tightening in monetary policy by central banks in the developed world.

Falling life expectancy and strong financial markets make it likely that more UK companies will offload their pension schemes to insurers in 2018, according to consultancy LCP.

Insurers’ profits are set to remain under pressure after the latest round of contract renewals failed to secure the price increases that many were hoping for.

03 January

Chinese consumer app Meituan-Dianping has begun recruiting users for its new ride-sharing platform as it gears up to challenge Didi Chuxing, the world’s largest ride-hailing company which has seen off competitors such as Uber.

Russia’s gas exports to Europe rose 8.1 per cent last year to a record level of 193.9bn cubic metres (bcm), the company’s head said on Wednesday, as the world’s largest gas producer continued to increase sales despite rising competition from LNG and other sources.

Pedro Jaime Mejía, who manages one of Volkswagen’s top dealerships in Bogotá, cannot get enough Brazilian-made cars. More than 60 per cent of the German-branded cars sold in Colombia are made in Brazil.

The dollar rebounded from recent lows on Wednesday as the euro fell, but investors warned that political uncertainty and opportunities elsewhere in the world may leave the buck under pressure as this year gets underway.

04 January

Perhaps Britain is entering a period of unusual economic certainty, perhaps it is a sign of groupthink, perhaps neither, but there is little doubt that economists are remarkably united in their outlook for 2018. The FT’s annual survey shows them clustered around the following view.

The global energy system is on the cusp of a revolution and investors in the sector risk sleepwalking into a period of momentous change. Most agree that future energy markets are going to look very different from how they look today but there is a real risk that the transition happens faster than many expect — with significant consequences for investors who fail to prepare now.

Shares of US drug-store chain Rite Aid dropped in after-hours trading on Wednesday after it reported a year-over-year decline in revenue thanks in part to lower pharmacy-services sales.

Canberra has announced it is to legalise exports of marijuana products, pushing the share prices of almost a dozen locally listed cannabis producers to record highs.

05 January

The Norwich factory that has been the home of Colman’s Mustard for 160 years is to close, Unilever, the food brand’s multinational owner, said on Thursday.

Spotify, the music streaming company, has filed paperwork to list its shares on the New York Stock Exchange, in an indication that it is pressing on with a unique plan to go public, report Anna Nicolaou and Nicole Bullock in New York.

Investors are pouring money into funds that help protect their portfolios against higher inflation as they position themselves for a period of faster global growth.

Commodities prices have risen to a three-year high amid optimism about the global economy.