01 October – 05 October
The Canadian dollar firmed to a four-month high on Monday after Canada reached an agreement to join a trilateral deal with the US and Mexico to overhaul Nafta.
Shurgard, the largest owner and operator of self-storage centres in Europe, said it would seek a market valuation of up to €2.4bn when it floats on Euronext Brussels this month after setting a price range for its shares of €23-28.
UK housebuilders Berkeley, Barratt and Taylor Wimpey were among the top 10 fallers on the FTSE 100 on Monday morning, after prime minister Theresa May announced plans to impose a new tax on foreign buyers of properties in Britain.
Italian bonds closed at their weakest point in four years despite efforts by the country’s finance minister Giovanni Tria to reassure investors, and Brussels, that the government’s public spending plans were sustainable after the announcement of his draft budget last week.
The car industry breathed a sigh of relief at Sunday night’s announcement of a revamped trade agreement between the US, Canada and Mexico. But if Donald Trump was hoping the deal would unlock new investment in US plants, he will be disappointed.
In the 1980s, Toyota famously turned down an offer from Beijing to set up a joint venture in China, choosing instead to produce cars in Taiwan. Snubbed by Japan’s largest carmaker, the Chinese government turned to German rival Volkswagen, which built on its strong presence in China to become the world’s largest car manufacturer.
Rite Aid’s proposed merger with Albertsons may be dead. But that isn’t stopping rival drugstore and supermarket chains from pursuing their own tie-ups.
Equities in Asia-Pacific had a mixed start to Tuesday following gains on Wall Street after the US and Canada agreed to a revamped Nafta deal, while oil prices hovered at a four-year high.
Australian building approvals fell in August, dragged by a decline in apartments and missing expectations for mild growth.
Honda and General Motors have struck a deal to team up in developing self-driving cars, creating the most powerful rival from the traditional automotive industry to technology upstarts led by Alphabet’s Waymo.
Italy’s economy minister has said the country will reduce its budget deficit from 2020 — a concession to Brussels before Rome sends its formal spending plan to the European Commission for approval this month.
UK engineering conglomerate Smiths Group said on Thursday it planned to buy United Flexible, an engineering solutions group, for an enterprise value of $345m.
Online sales helped drive first-half revenue growth at British fashion retailer Ted Baker but challenging high-street conditions hit profits and were likely to prevail throughout the second half of the year, the group said.
Emerging market currencies were lower in Asia on Thursday amid continued dollar strength after markets were buoyed by solid US economic data overnight.
After hitting a rough patch this summer, manufacturing orders in the eurozone’s largest economy rose by more than expected in August, according to new data released on Friday.
Tens of thousands of prescription drugs are freely available on the websites of two of China’s largest ecommerce companies, Alibaba and JD.com, with sellers taking advantage of a loophole to skirt regulations.
Womenswear retailer Quiz has issued a profit warning just over a year after floating, sending its shares down by a quarter.
A severe bond sell-off that began on Wall Street rippled out across global markets on Thursday, triggering the biggest US equity decline in nearly four months.