15 January – 19 January

15 January

Melrose Industries has fired the starting gun on hostilities in the battle for GKN, with proposals for improving the engineering group’s performance that include a plan to sell its £1bn powder metallurgy business.

Japan’s SoftBank is in discussions over a Tokyo listing of its domestic telecoms business as billionaire founder Masayoshi Son seeks to boost the technology group’s investment clout.

The recently released World Inequality Report (WIR) 2018 poses challenging questions for the captains of India’s economy.

A stream of Brazilian lenders have been touring Asia and selling US dollar denominated debt to local investors in the past few months.

16 January

Toyota Group’s trading arm will take a stake in Australian lithium miner Orocobre for almost A$300m as car manufacturers seek to secure supplies of the critical ingredient for batteries to meet growing electric vehicle demand.

US consulting firm Mercer has agreed to buy Japanese asset management company BFC in a bid to expand its reach into Asia’s investment management market.

Bitcoin dropped 18 per cent on Tuesday morning, falling below $12,000 to its weakest level since its day of wild swings before Christmas.

Ericsson is taking another massive writedown as the beleaguered Swedish telecoms equipment maker books charges of almost $2bn.

17 January

Ford predicted that its profits will fall in the current year as US car sales decline, becoming the second US automaker to warn on Tuesday of tougher conditions for 2018.

It’s crunch time for KitKat maker Nestlé which on Tuesday finally announced it had sold its US confectionery business for $2.8bn to Italy’s Ferrero in an auction that had included Hershey, the biggest chocolate manufacturer in the US and private equity group Rhône Capital.

Governments are set to increase their borrowing from private investors this year for the first time in four years as central banks step back from the market, underlining market concern that the era of ultra-low bond yields appears vulnerable.

It’s not just Wall Street that is seeing records being shattered on Tuesday. Brazilian equities also climbed to a new all-time high as investors ramp up bets that Latin America’s largest economy — despite its political dysfunction and endless corruption scandals — would get a lift from stronger US and global economic growth.

18 January

US telecoms group Verizon on Wednesday said the biggest American tax overhaul in decades will drive a one-time reduction in net deferred income tax liabilities of about $16.8bn and boost its fourth quarter earnings.

A strong British cycling market has boosted winter trading at motoring and cycling retailer Halfords.

The market implied probability of the Federal Reserve raising its target interest rate three times this year moved over 50 per cent on Wednesday, in line with the Federal Reserve’s own predictions.

Currencies in Asia Pacific mostly weakened on Thursday as the US dollar recovered some of its recent loses following concern from the European Central Bank about the recent strength of the euro.

19 January

Shares in Bank of New York Mellon dropped about 5 per cent on Thursday after it pledged to spend much of its tax windfall on staff and investments in the business, a sign of emerging tensions at big US companies over how to divvy up the spoils of the new law.

The UK’s subdued housing market has brought a profit warning from Countrywide, the country’s largest estate agency chain, and a large fall in its share price.

German producer prices climbed in 2017, marking the first annual increase in half a decade and underscoring the eurozone’s recovery from a spell of deflation.

European regulators are considering a ban on popular retail derivatives of cryptocurrencies as part of their sweeping push to tighten rules around leveraged trading platforms.