02 July – 06 July
No fewer than three Bank of England policymakers publicly discussed the UK’s poor productivity performance last week, but, while all focused on different aspects of the problem, their interventions showed that a consensus is emerging about its source.
Eurozone manufacturers battled a sharp increase in costs in June as global trade tensions pushed up prices of steel and other metals.
The latest exchange of cross-Channel gunfire about the City of London’s post-Brexit status has started in earnest.
Debt at UK listed companies has soared to hit a record high of £390bn as companies have scrambled to maintain dividend payouts in response to shareholder demand despite weak profitability.
China’s renminbi pushed past the Rmb6.7 per dollar mark for the first time in nearly eleven months as downward pressure seen during a record monthly drop in June showed no sign of dissipating in July.
Sweden’s krona has popped higher after the central bank kept interest rates on hold but bumped up its inflation forecasts.
Micro Focus will sell one of its highest-growth divisions to the Swedish private equity fund EQT for $2.5bn in cash, locking in a large gain on its 2014 acquisition of the business, known as Suse.
US casino stocks took a tumble after data showed slower-than-expected monthly revenue growth in Macau, the world’s largest gambling centre.
Major tech stocks remain among the biggest winners of the year so far, despite the looming threat of trade disputes showing signs of weighing on the sector.
China’s services sector growth rose markedly in June, according to an independent industry gauge.
Uber is in early-stage talks about a deal with Middle Eastern ride-hailing rival Careem that could include taking a majority stake or acquiring the company outright, according to two people familiar with the matter.
A deteriorating print advertising market weighed on Telegraph Media Group’s annual results, with operating profit at the owner of the Telegraph newspaper and website falling more than 32 per cent.
Global markets are bracing themselves as the deadline nears for the Trump administration to start charging tariffs on $34bn of imports from China, in what will mark the first shots fired in the trade war between the world’s two largest economies.
Ireland’s central bank has directed the country’s commercial banks raise their capital buffers to guard against any shock as the economy booms.
Mobike, one of the world’s biggest smart bike-sharing companies, said it would refund all its Chinese users’ deposits — Rmb1bn ($150m), according to an industry insider — heightening competition with rival ofo.
HNA Group, the debt-laden Chinese conglomerate whose founder fell to his death while sightseeing in southern France on Tuesday, will sell its warehouse properties in Singapore for S$730m ($534m).
Aegean Marine Petroleum, the New York-listed Greek shipping fuel company, has reached a financing agreement with energy trading group Mercuria as part of a sweeping overhaul of operations launched by US activist hedge fund managers appointed to its board
The Federal Reserve has detected rising concern among US business about the potentially harmful impact of tariffs as growing trade tensions prompt some executives to freeze investment plans.
Shares of Embraer, the Brazilian aircraft manufacturer, fell sharply after the company announced an agreement that would hand 80 per cent of its commercial jet operation to Boeing of the US.
Southern Rail cancelled or delayed almost three-quarters of its trains today after a major power failure.