08 October – 12 October

08 October

China’s stock markets slid on Monday despite the People’s Bank of China’s move to cut reserve requirement ratios for most commercial banks in a bid to shore up the economy following disappointing manufacturing data. Here’s how economists are assessing the move.

Revenues for asset managers across Asia-Pacific are on course to nearly double from $66bn to $112bn over the next five years, driven by reforms in China, ageing populations and rising wealth in emerging economies, according to a study by McKinsey, the consultancy.

Shares in the Hong Kong-listed healthcare unit of property developer China Evergrande sank by a fifth on Monday, following an announcement that electric vehicle start-up Faraday Future wants to back out of a deal to sell it a stake.

Matalan, the discount store operator, said full-price sales grew 3 per cent in the second quarter in a “volatile and challenging” environment and warned that the weaker pound would continue to cause it problems.

09 October

Risks are building in the global economy, with growth supported by increasingly unsustainable policies and global co-operation undermined by nationalist policies, the IMF warned on Tuesday.

It was another day to forget for emerging market investors. EM assets extended their losses on Monday as renewed concerns over China’s growth outlook rattled investors, whose risk appetites have already been sapped by the prospect of rising US interest rates.

Mandarin Oriental said it will close its Hong Kong waterfront hotel the Excelsior next year and undertake a $650m redevelopment of the site into a mixed-use commercial building following a strategic review.

Microsoft is investing in Grab as the US software company seeks to encourage the use of its technology among ride-hailing services around the world.

10 October

European environment ministers have agreed to cut car and van carbon dioxide emissions 35 per cent by 2030, opening the way to negotiate the final EU targets with the more ambitious European Parliament.

Commodity prices have been a tale of two markets this year. Industrial metals have borne the brunt of slowing global activity, while the oil price has soared. It is hard to believe that barely three years ago, it was languishing below $30 a barrel.

Shares in Chinese carmaker Geely jumped on Wednesday following reports that it is in talks with Daimler to launch ride-hailing services in China.

Burger King is in talks to open restaurants in sub-Saharan African countries, including Nigeria, as the US fast-food group accelerates its international expansion to better compete with rival McDonald’s.

11 October

Oil prices further retreated from their four-year highs on Wednesday as concerns over weaker global economic growth and the potential effect of Hurricane Michael on fuel demand kept traders on edge.

US stocks suffered their worst falls in more than eight months on Wednesday as shares of once high-flying technology stocks led a broad sell-off sparked by the recent jump in interest rates.

Japanese companies are stepping up plans to move businesses out of the UK, on the premise that their country’s tax authorities have granted a temporary amnesty on cross-border mergers between Britain and other EU countries ahead of Brexit.

LeasePlan, the private equity-backed car leasing group that announced plans to go public last week, has abruptly pulled its initial public offering citing “market conditions”.

12 October

Singapore’s economic growth slowed in the three months to the end of September as manufacturing growth decelerated, according to a preliminary reading.

Stock market volatility was back on the rise during afternoon trade on Thursday as equities continued to slide.

When growth proves hard to come by, the simple answer for many companies is to look to buy. The top end of the UK technology, media and telecoms sector has become a lonely place, with only the biggest names to choose from — but smaller players have proved more adept at scooping up rivals.

Lending growth continues to go missing at Wells Fargo. The bank’s revenues came in just ahead of expectations in the third quarter, and net income surpassed estimates, but earnings per share fell slightly short.