03 December – 07 December

03 December

The Mexican peso jumped by the most in nearly five months on Monday after authorities offered to buy back bonds tied to an airport project that could be scrapped.

Europe will look to import 25 per cent more Russian pipeline gas as of 2020, Gazprom has said as it gears up for a record year.

Unilever has agreed to pay €3.3bn for GlaxoSmithKline’s consumer nutrition business, expanding its footprint in India with the popular hot malted beverage Horlicks.

GFG Alliance, the acquisitive industrial conglomerate led by British metals magnate Sanjeev Gupta, is buying a US steel company for $320m as it pursues plans to invest $5bn in North America.

04 December

Shares of US and European automakers raced higher on Monday after the Trump administration signalled China could cut tariffs on US-made vehicles.

As for almost every other metal, the copper price bounced on Monday after the US and China announced a trade truce, up 2 per cent to $6,352 a tonne. As with nickel and zinc, the copper market has been unnerved by fears that trade tensions between Washington and Beijing would further strain a Chinese economy already showing signs of slowing. Copper has closely tracked the renminbi since June.

A handful of small banks stocks have defied the market downturn that has engulfed many of their peers — with help from index funds. The KBW regional bank index is down 12 per cent in the past six months, against a small gain for the larger market, as investors worry about rising deposit costs and a peaking economy.

Stocks in the Asia-Pacific region were broadly lower on Tuesday as the previous session’s rally appeared to run out of momentum in the absence of more concrete details on the US-China trade truce.

05 December

Italy’s prime minister has signalled he would be willing to modify his government’s budget plan in response to criticism from Brussels but only if the expensive welfare policies it contains remain intact.

Acast, a Swedish audio start-up, has raised $35m from a group of Nordic investors in its push to expand into new countries and increase its presence on smart speakers, such as Amazon’s Alexa.

Hyundai Motor’s plan to build a low-wage factory in South Korea has been thrown into doubt after talks with a provincial government broke down on Wednesday over some terms related to pay negotiations.

City stockbroker Numis posted a double-digit drop in profits in 2018, blaming a recent hiring spree and costs related to tough new EU markets regulations that are beginning to weigh on the industry.

06 December

Tariffs, new emission standards, diesel bans and the shift to electric vehicles: the list of headwinds hitting the car industry is long. But Volkswagen is still on track for a record year of deliveries, the company said Thursday. The VW core passenger marque said deliveries of its vehicles in the first 11 months rose 1.2 per cent from the record level of 2017, to 5.7m cars.

The UK’s big gambling companies have agreed to cease television advertising during some live sports broadcasts, in a bid to head off action by regulators at a time when the industry is under increasing scrutiny.

Eddie Lampert, the billionaire chairman of Sears, has put forward plans to buy most of the bankrupt department store chain’s remaining assets, pitching it as a rescue bid to avert an outright liquidation and save 50,000 jobs.

China-focused stocks were the among the worst performers in the region on Thursday after the arrest of Huawei’s chief financial officer in Vancouver reignited concerns about US-China trade tensions.

07 December

Crumbling hopes for a US trade rapprochement with China and worries about sluggish global growth prompted investors on Thursday to slash their bets on Federal Reserve rate rises.

Stronger gun sales and growth in knives, optics and other accessories propelled American Outdoor Brands in its fiscal second quarter, igniting a sharp rally in the company’s shares late Thursday.

Fresenius was on course for its worst share price fall in twenty years on Friday after the German healthcare group issued a profit warning. Shares fell more than 15 per cent in morning trading to €40.16, the lowest level since 2014.

The US exported more petroleum than it imported for the first time in decades last week, marking an astonishing if momentary reversal from its longtime status as the world’s largest oil importer.


26 November – 30 November

26 November

Growth in Japan’s manufacturing sector slowed to a two-year low in November, according to a preliminary reading.

US stock futures were tipping Wall Street for solid opening gains on Monday amid a rally in crude prices and as retail stocks get a lift from Black Friday sales data showing a strong start to the holiday shopping season.

The UK’s competition watchdog has raised concerns about the merger of US payments company PayPal and Swedish start-up iZettle, saying the tie-up could push up prices and reduce the range of services on offer to customers.

One of China’s few independent economic think tanks has been forced to cease operations in the latest sign of Beijing’s growing intolerance of dissent as economic growth slows amid an ongoing trade war with the US.

27 November

Wall Street futures were pointing lower on Tuesday morning in the wake of President Donald Trump threatening to expand the US’s trade war with China.

Hedge funds have more than tripled their bets against the oil price since the beginning of October, amassing the largest short position against crude in more than a year as prices have tumbled.

Shares in casino operator Genting Malaysia slid to a seven-year low on Tuesday after the company said it was suing Twenty First Century Fox and Disney for terminating an agreement over a theme park outside Kuala Lumpur.

Line Corp shares jumped on Tuesday after a report the Tokyo-listed messaging app operator would enter a tie-up with Tencent to provide mobile payments in Japan.

28 November

Britain’s small towns and communities have missed out on a surge in foreign direct investment in the past 20 years, new analysis shows.

French beauty retailer L’Occitane has attracted interest from global private equity groups including Advent International, raising the prospects of a bid to take over a company with a market value of $2.7bn.

GlaxoSmithKline has entered into exclusive negotiations to sell its nutrition business to Unilever, ending a multi-month auction process for the $4bn unit that includes the prized Horlicks malted drink brand popular in India.

Soyabean prices bounced back on Tuesday as traders continued to weigh the prospect of the US and China reaching a trade war truce at the G20 summit later this week.

29 November

Swiss gross domestic product in the third quarter of the year fell 0.2 per cent compared to the previous quarter as a slowdown in European growth hit trade.

Car production in the UK dropped by almost 10 per cent in October — the fifth consecutive month of declining output — as falling sales in Britain and mainland Europe hit the country’s automotive plants.

Investors in the five largest UK property funds have more than £4bn of exposure to the country’s struggling stores and shopping centres, which analysts say could shed as much as 20 per cent of their value by the end of 2019.

Wall Street was in the black ahead of remarks by Federal Reserve chair Jay Powell as investors continue to hold their nerve on trade as the G20 summit nears.

30 November

US President Donald Trump and his Chinese counterpart Xi Jinping are set to meet on Saturday on the sidelines of the G20 meeting to discuss to the rumbling trade war between the two countries, but analysts’ expectations are low for a resolution.

Nvidia’s share price over the past five years is a good representation of the frenzy about artificial intelligence that has occurred over the same period. From the start of 2014 until September, Nvidia’s price rose by more than 1,500 per cent. Since then, its shares have roughly halved in value.

Brazil’s economy grew at its fastest pace in 18 months during the third quarter as the country bounced back from a crippling trucker strike and providing a fillip to the incoming government of Jair Bolsonaro.

Manolete, a UK business that finances or acquires insolvency disputes, is to float on London’s junior market.  The company has raised £29.4m for the IPO, which will give it a market capitalisation of £76.3m when it lists in December.


19 November – 23 November

19 November

Thailand’s economy grew at a slower pace than forecast in the three months to the end of September as exports decelerated and the tourism sector was hit by a fall in Chinese visitors after a tour boat capsized, killing almost 50 people.

A Chinese company is set to invest $2bn to build an industrial park at Clark Air Base, the former US military outpost in the Philippines, marking one of the most vivid signs yet of President Rodrigo Duterte’s increasing tilt towards Beijing away from Washington.

Over the summer, Larry Culp toured some of General Electric’s operations to introduce himself to the company where he had just been appointed lead independent director. After taking over as chief executive last month, he now has to decide which of those businesses he wants to keep.

The UK pound edged higher against major currencies early in the European trading session on Monday, after the EU’s chief negotiator proposed extending Britain’s transition out of the bloc, and as Theresa May fought to keep her deal — and her premiership — alive.

20 November

Asia is expected to lose out from the impact of the US-China trade war but Nomura analysts say Malaysia is best placed to benefit as an alternative source of imports, while Vietnam is set to gain as companies move production to escape tariffs.

Campbell Soup said on Tuesday its turnround plan started to pay off in the most recent quarter, stemming sales declines in its US soup business and driving growth for V8 juices, as the company looks to fight off a challenge from an activist investor.

A ramp up in investments helped keep the tills ringing at Target during the latest quarter but this came at the expense of profit margins, which suffered a surprise drop, spooking investors who sent the shares sharply lower.

Asia-Pacific stocks fell on Tuesday, mirroring a technology sell-off overnight on Wall Street amid concerns over iPhone demand and the US-China trade war.

21 November

Consumer price growth in Japan stalled last month as a jump in fresh food prices boosted headline inflation but left less volatile measures of consumer costs remained flat.

The liquid diet is back. Marston’s, the UK brewer and pub operator, reported a fifth year of like-for-like growth on Wednesday thanks to more drinking during the hot summer and football World Cup.

FTSE 250 bank Paragon grew its profits by a quarter in its latest financial year, avoiding many of the profit margin pressures that have hit mainstream banks by expanding into new products.

Oil and gas stocks led Wall Street lower, outweighing a recovery for technology stocks, in an otherwise bruising session for equities that at one point saw the S&P 500 enter correction territory and the Nasdaq Composite turn negative for the year.

22 November

After six months of turbulence, investors in Italy’s bond market are acclimatising to the new normal as Brussels and Rome prepare for a prolonged stalemate over the country’s budget.

There are more than a few turkeys in the S&P 500’s consumer discretionary sector this week in the lead-up to some of the festive season’s biggest shopping events.

Struggling children’s goods retailer Mothercare on Thursday said negative press coverage in the past year had damaged its brand, causing sales in the UK to decline.

The recent slump in oil prices has pushed the risk premium investors demand to hold the debt of riskier US energy companies to its highest level in 15 months.

23 November

Ukraine’s parliament has approved the government’s 2019 budget after a tense all-night session, a step that Kiev hopes will unlock $3.9bn of IMF loans and help to stabilise the country as it approaches elections.

Cracks are forming in the hotspot housing markets of China and Hong Kong, forcing developers to offload properties at a discount and weighing on shares.

‘Tis the day after Thanksgiving, and a white noise of mouse clicking and smartphone thumbing — pierced occasionally by so-called “doorbusters” shrieking “That’s my damn flatscreen TV!” — can be heard across the US as consumers peruse Black Friday sales.

Equities were mostly lower across Asia on Friday, led by a hit to Chinese stocks.  The CSI 300 index of major Shanghai and Shenzhen stocks slipped 1.4 per cent with a 2.9 per cent drop for the technology segment.


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.


05 November – 09 November

05 November

Indonesia’s economy grew slightly faster than expected during the third quarter but exports looked set to exert an ongoing drag on the country’s economy in the year ahead.

Halloween has been and gone but Amazon’s plan to offer free shipping to all its US customers during the holiday season has spooked investors.

Mylan, the maker of the EpiPen, on Monday reported mixed quarterly financial results as weaker regional sales of the company’s flagship product weighed on revenue.

A fintech company that aims to open the controversial practice of securities lending to a much wider market of investors has begun targeting asset managers.

06 November

The Reserve Bank of Australia held rates again at its November meeting, in line with expectations.

Tobacco giant Imperial is betting on ecigarettes to drive sales as demand for traditional combustibles declines, with “next generation” alternatives expected to contribute to profits by the end of next year.

Ofgem has finalised the level of a price cap on energy bills which it said will save money for 11m customers on poor value tariffs.

Royal Bank of Scotland has become the first of the UK’s big high street lenders to open a standalone digital bank, with the launch of a new business-focused current account that will be run independently of its traditional brands.


29 October – 02 November

29 October

Facebook shocked investors by warning of a slowdown in user and sales growth, and investors will hope this was just a bump in the road as the social media platform strives to hit its target of 3bn users.

Chinese equities slumped on Monday following data showing industrial profit growth slowed for a fifth consecutive month and as consumer stocks dropped on concerns over earnings.

Mexicans voted two-to-one in favour of scrapping a new $13bn Mexico City airport in a “people’s poll”, setting the stage for a decision that could undermine investor faith in president-elect Andrés Manuel López Obrador even before his government takes office.

Asia-Pacific equities struggled to hold onto early gains on Monday following sharp falls last week for global stocks as earnings outlooks for major US companies rattled sentiment.

30 October

Japan’s unemployment rate edged lower in September, coming in below estimates and at a four-month low.

A strong performance in Mexico and one-off gains from the sale of a business unit in Chile helped BBVA report a nearly 50 per cent rise in profits in the third quarter even as pressure remained on the group’s Turkish operations.

Volkswagen shares rose after the German carmaker beat expectations for the third quarter in spite of falling profits due to a Chinese slowdown and new testing regulations in Europe.

Shares in South Korean chipmakers rose in early trading on Tuesday after the US moved to block sales of key equipment to a Chinese competitor.

31 October

The Trans-Pacific Partnership will enter into force from December 30, marking a rare victory for global trade liberalisation, even as the US erects tariff barriers and steps up its trade war with China.

Air France-KLM’s run of good news has continued with a strong set of third quarter results, showing pre-tax profit up 7.3 per cent to €915m in the three months to the end of September.

Swiss chemicals group Clariant has reported a slowdown in sales and profits growth in the third quarter after demand for its products softened in China.

The Trans-Pacific Partnership will enter into force from December 30, marking a rare victory for global trade liberalisation, even as the US erects tariff barriers and steps up its trade war with China.

01 November

Apple is turning to traditional broadcasting to boost its streaming service, exploring a tie-up with iHeartMedia, the largest US radio group that is attempting to claw itself out of bankruptcy.

Credit Suisse reported a mixed set of third-quarter results, with revenue and net income missing expectations after a sharp fall in trading income, taking the shine off an almost 70 per cent surge in overall pre-tax profits

China’s manufacturing sector eked out mild growth in October as export sales declined for a seventh consecutive month, according to a private survey.

Chinese stocks rose on Thursday a day after Chinese Communist party leaders signalled a fresh round of stimulus measures, in a bid to shore up confidence as China’s economy faces headwinds from slower growth and the US-China trade war.

02 November

Around 2010 some China economy watchers began quipping about the “Wen Jiabao put option”, noting how China and its then-premier had replaced the “ Greenspan put”, named after the former US Federal Reserve chair, as the ultimate guarantor against market turmoil by enacting forceful stimulus at the first whiff of trouble.

European companies in China are suffering heightened security risks and greater expenses due to a requirement to use state-run telecoms companies to bypass the country’s “great firewall” of internet blocks, according to a business advocacy group.

Investors withdrew $36bn from bond funds in October, the biggest monthly net redemption in almost three years, as even exchange traded fixed-income funds succumbed to the global market turbulence.

Hong Kong stocks were on track for their best week since 2015 and Chinese equities rallied on Friday as signs of thawing US-China trade relations boosted sentiment.


22 October – 26 October

22 October

The White House’s top economic adviser has accused Beijing of doing “nothing” to defuse trade tensions ahead of a likely meeting between Donald Trump and Xi Jinping at the G20 in Argentina next month, damping expectations of a truce in the economic warfare between the US and China.

Hasbro has blamed the bankruptcy of long-term customer Toys ‘R’ Us and the strong dollar for a sharp drop in sales and profits for the third quarter — news that sent its shares down 8.5 per cent in pre-market trading.

Italian bank shares rebounded strongly on Monday after four-straight weeks of declines knocked the sector to its lowest close since early last year.

Chinese stocks had their biggest one-day gain in almost three years on Monday, staging a dramatic rebound after Beijing made a concerted move last week to reassure investors and buoy markets following a steep sell-off.

23 October

Dyson is to build the first of its electric cars in Singapore, choosing the country over the UK and China to manufacture the product that the engineering brand hopes will come to define its business.

Transact, one of the UK’s largest online platforms used by financial advisers, warned of an “increasingly challenging market environment” and lower inflows over the last quarter of the year, echoing comments from DIY platform Hargreaves Lansdown.

Bloomsbury Publishing reported increased first-half profits and revenues on the back of strong sales from the fantasy author Sarah J Maas and the Harry Potter series, which last year celebrated its 20th anniversary.

Turkey’s lira tumbled by the most since the peak of the currency crisis earlier this summer after an apparent rift between President Recep Tayyip Erdogan’s Justice and Development party and one of its key allies raised the spectre of domestic political turbulence.

24 October

US industrial companies unnerved investors on Tuesday with reports of rising prices and costs for products ranging from earthmoving equipment to Post-it Notes, raising concerns about tariffs squeezing profits and adding to pressure on global inflation.

Saudi Arabia agreed to give support worth at least $6bn to Pakistan to help the south Asian country avert a balance of payments crisis, in a move that highlights Riyadh’s financial clout even as it struggles to emerge from a diplomatic imbroglio.

Lyft, the US ride-hailing company, has bought UK technology start-up Blue Vision Labs to boost its efforts in developing self-driving vehicles.

US stock markets are poised to continue their fall on Wednesday despite other parts of the world seeing modest rebounds.

25 October

Swiss engineering group ABB said a 9 per cent rise in third quarter orders showed its plans to revive sales expansion were on track, despite investor scepticism about global headwinds hitting the industrial sector.

Hyundai Motor has undershot market estimates for third-quarter earnings by a large margin as it struggles to revive sales in its main overseas markets, including the US and China.

The euro and the pound made tentative moves higher in morning dealings on Thursday as currency traders shifted their focus to the European Central Bank meeting.

The euro and the pound made tentative moves higher in morning dealings on Thursday as currency traders shifted their focus to the European Central Bank meeting.

26 October

To US farmers whose soyabean sales have slumped amid a trade war with China, an unlikely country is lending a hand: Iran.

Amazon and Google’s cooling growth knocked up to $100bn off the technology companies’ market capitalisation in after-hours trading on Thursday, as investors feared their strong runs on revenue could be wavering.

A strong dollar and sluggish sales growth drove a sharp drop in quarterly profits at Colgate-Palmolive and the world’s biggest toothpaste maker warned the sales pressure has carried through to the current quarter.

A widely watched measure of inflation expectations fell to its January lows on Thursday, as doubts about the strength of long-term growth in the US have emerged and oil prices have slumped.


15 October – 19 October

15 October

Third quarter revenues at Bank of America came in just ahead of analysts’ estimates, growing 4 per cent to $22.8bn, thanks to a good performance from retail banking.

Shares in faux-Japanese clothing brand Superdry tumbled on Monday after the group warned on profits, blaming poor weather and foreign exchange costs.

Sears, the department store chain that once dominated the US retail landscape, filed for bankruptcy protection on Monday as it succumbed to a crushing debt burden and failure to adapt to upheaval in the industry.

The US economy faces a looming deceleration as tighter monetary policy starts to weigh on activity and ratchets up pressure on financial markets, according to the world’s biggest hedge fund.

16 October

Grocery delivery service Instacart has raised a $600m new war chest to help US supermarkets to go up against Amazon-owned Whole Foods.

Morgan Stanley’s growth in investment banking outshone Wall Street rivals in the third quarter, pushing revenues and profits past analysts’ expectations.

The Reserve Bank of Australia remained generally positive during its October policy meeting despite noting tighter lending standards by domestic banks amid an inquiry into the country’s scandal-ridden financial sector.

Asia-Pacific equities edged higher in a cautious start to trading after a late sell-off hit Wall Street on Monday.

17 October

Samsung Electronics is boosting its 5G networks business by purchasing Spanish network data analysis firm Zhilabs as the South Korean technology group tries to grab a bigger share of the next-generation telecoms equipment market.

Netflix shot past estimates for subscriber growth and earnings in the third quarter thanks to strong global growth, sending its shares surging after the close of trading on Tuesday.

Poland’s state-run energy company PGNiG has struck a 20-year deal to buy liquified natural gas from the US, as the country pushes to reduce its dependence on imports of Russian gas.

Having been on the back foot on the bad days, tech stocks are back on the front foot on the good days . . . like today. The sector is the top performer in the S&P 500, which itself is eyeing its second-biggest one-day advance this year.

18 October

Swiss drugmaker Novartis has announced a $2.1bn deal to acquire a US company specialising in targeted radio cancer treatments in its latest move away from high-volume drug production towards innovative and personalised medicines.

Oil prices declined for the second day in a row on Thursday, with investors still focused on a sharp build in American crude inventories.

Japan’s exports fell for the first time in close to two years in September, with shipments to major trading partners including both the US and China contracting as the Trump administration pushed for Tokyo to enter bilateral trade negotiations.

Brussels has approved a trade agreement with Vietnam in the latest sign of how the EU is trying to strike deals to fight a growing climate of protectionism.

19 October

Procter & Gamble on Friday unveiled a new round of price rises on products from toothpaste to deodorant, warning of relentless input cost pressure even as the US consumer products bellwether produced its biggest sales increase in five years.

Michelin suffered its worst stock market fall in eight years yesterday after the tyremaker cut its forecasts and said sales would slow.

Households in Ukraine will face higher natural gas tariffs in a move aimed at shoring up the stretched finances of the country and easing the concerns of international debt holders, the government announced on Friday.

US stocks extended their sell-off by mid-afternoon amid rising concerns about the US-China trade war, the prospect of further rate rises by the Fed and growing international furore at Saudi Arabia.


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.


01 October – 05 October

01 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.

02 October

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.

03 October

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.

London-based private equity group Epiris has closed its first fund, having raised £821m to buy assets including Bonhams auction house and Time Inc’s UK business.

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.

04 October

PWhen Bahrain announced the discovery of an 80bn-barrel oilfieldin the spring — its biggest find since the 1930s — it was greeted with only cautious optimism by industry analysts.

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.

05 October

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.