12 November – 16 November

12 November

Germany is enjoying possibly its longest economic upswing since the second world war. Unemployment stands at 3.5 per cent. Wage growth is accelerating. The government coffers are overflowing and public debt is plummeting. Its brands are synonymous with quality. Economic strength has given it pre-eminence in Europe. Germans have never had it so good.

A wall of onshore debt worth tens of billions of dollars issued by Chinese property developers is due to mature next year, raising concerns over defaults at a time of economic slowdown and tightening liquidity.

The owner of casual dining chains Zizzi and Ask Italian on Monday reported a rise in full-year sales despite headwinds facing the sector, but margins continued to be squeezed.

HSBC is planning to rebuild its presence in Brazil three years after selling most operations in the country, as new chief executive John Flint works towards his target of putting Europe’s largest bank back into “growth mode”.

13 November

In its new annual financial stability report, China’s central bank has again sounded the alarm that “grey rhino” risks — clear and present dangers that are often neglected — continue to threaten the economy.

One possibility he raised was selling more of the healthcare division, which has been one of GE’s more successful businesses, and selling just under 50 per cent of it for cash.

The Ratner family has loomed large in the US real estate industry for nearly a century, with marquee projects ranging from The New York Times headquarters in Manhattan to the Barclays Center sports arena in Brooklyn and the redevelopment of the Washington DC waterfront.

Vodafone shares jumped more than 6 per cent on Tuesday after the telecoms group pledged to maintain its dividend, despite unveiling a first-half loss of €7.8bn following asset writedowns.

14 November

Retail sales growth in China unexpectedly dipped to the slowest pace since May last month while real estate sales decelerated further, even as official data showed industrial output and fixed asset investment picking up.

Oil lurched lower on Tuesday with US crude extending its longest losing streak on record and eyeing its worst day in over two and a half years.

UK-based life insurer Prudential said its profits from new business rose by 17 per cent in the first nine months of the year, driven by record performances in some of its Asian operations.

The rented housing group Grainger is to buy out the Dutch pension fund APG from a joint venture in a £396m expansion of its property portfolio.

15 November

Bank Indonesia raised interest rates for the sixth time this year on Thursday despite expectations it would keep its powder dry, after a surprise jump in imports expanded the country’s trade deficit in October and once again brought its current account deficit into focus.

The average first-time buyer in the UK will fork out an annual £11,500 in mortgage payments by 2023, up from just under £8,000 today, as rising interest rates increase the cost of home ownership.

Ineos Enterprises, the privately owned chemicals group, is buying the composites business of US-based Ashland Global Holdings for $1.1bn.

The Australian dollar jumped on Thursday after data showed the number of full-time hires in October had more than doubled from the previous month.

16 November

The US and China have intensified efforts to strike a truce at the G20 that would curb their trade war. Negotiators stepped up efforts after Donald Trump, US president, and Xi Jinping, his Chinese counterpart, spoke on the phone on November 1 and agreed to discuss trade when they meet on the G20 sidelines. The summit opens in Buenos Aires on November 30.

Nintendo’s shares fell more than 10 per cent on Friday, the largest drop since 2016, after Daiwa Securities cut its target price for the stock.

One-third of new DIY investors are opting for automated online investment apps — so-called “robo advisers” — instead of fund supermarkets such as Hargreaves Lansdown, as demand for low-cost investment services grows.

Sterling tumbled, the shares of companies exposed to the UK economy fell and government bonds rallied after Brexit secretary Dominic Raab’s resignation intensified concern over whether Theresa May will be able to steer her Brexit deal through parliament.