07 August – 11 August
Greece’s statistical agency will no longer public “flash” estimates of the country’s gross domestic product after delays in data collection have led to frequent revisions of official growth figures.
Japan’s SoftBank is set on making a bigger impact in the US, seeking stakes in the leading ride-hailing services and pushing for consolidation in telecoms and cable.
The Hong Kong dollar’s slide — Monday took it past HK$7.82 for only the third time in 10 years — is a side-effect of years of loose monetary policy. The territory is in the unique position of having interest rates policy pegged to the US and its prospects tied to China. Over the past decade those two factors have produced a boom and several bubbles. Hong Kong’s position as the world’s most expensive property market, where car parks sell for $3bn, is just one example of what easy money has done.
Even the markets deserve a holiday. As traders jet off on their (now shorter) breaks, it appears the markets are taking a breather too.
Growth in China’s exports came in last month at the slowest rate since exiting contraction in March, with the rise in value of shipments to most major trading partners decelerating markedly.
McDonald’s has announced plans to double the number of its stores in China within five years as the company under new management aims to overtake rivals in the world’s fastest-growing consumer market.
Wayfair reported a narrower-than-expected loss and posted upbeat revenues in the second quarter as the online furnishings retailer continued to capture market share. The Boston-based company said revenues rose 42.7 per cent to $1.1bn, just ahead of expectations of $1.06bn. However, net revenue per active customer slid 0.5 per cent from a year ago to $402.
US blue-chip companies are poised to report the first back-to-back quarters of double-digit earnings growth since 2011, underpinning fresh highs on Wall Street despite a lack of progress on the Trump agenda in Washington.
The escalating war of words has caused alarm around the world. Japanese and South Korean markets dropped in Asian trading, and European markets followed suit. The heightened tensions come on the 72nd anniversary of the US atomic bombing of the Japanese city of Nagasaki. The city’s mayor, Tomihisa Taue, warned of the growing threat of nuclear war at a ceremony to commemorate the bombing, which killed 70,000 people
Be patient. Lombard is trying to resist the urge to lard a comment on Pets at Home’s trading update with poor animal puns. It is hard. Pets at Home shares rose 6 per cent. The traders have a phrase for it: a dead cat bounce.
G4S, the world’s largest security company, hailed progress in its recovery as it posted an increase in sales and profit for the first half of this year.
If, sometime over the next 48 hours, you hear a whizzing noise followed by a dull thunk against another building, it will be the sound of the Tokyo Stock Exchange dodging a bullet.
Exports from the Philippines grew at a far slower rate than expected in June as outbound shipments to major markets in Japan and the US fell.
China’s central bank has ordered online payment groups to operate through a centralised clearing house, a move likely to undercut the dominance of Ant Financial and Tencent by forcing them to share valuable transaction data with competitors.
Netflix shares fell to a three-week low of $170.01 on Wednesday after Walt Disney said it would not renew its content deal with the online video streaming company and announced plans to launch its own services.
European stock markets have opened lower as traders continue to process the recent verbal clash between Donald Trump and Kim Jong Un.
Russia’s economy grew by 2.5 per cent year-on-year in the second quarter, the government said on Friday, the fastest pace in almost five years as the recovery after a two-year-long recession is taking hold.
Shares in Snap fell 14 per cent on Friday as Wall Street digested deeper than expected losses, slowing user growth and a cautious third-quarter outlook for the Los Angeles-based company.
Hiring out equipment for industry, construction and events can be a tricky business vulnerable to the vagaries of economic winds.
Japan’s yen firmed to below ¥109 per dollar on Friday as markets embraced a risk-off attitude in the face of heightened geopolitical tensions between the US and North Korea.