Week 1 2017

Week 1 2017

02 January – 06 January


02 January


London lost market share in the global currency trading arena last year, as rising rivals in the emerging markets nibbled away at Britain’s historic position as the world’s dominant foreign exchange centre.


Economic growth improved across the eurozone in December as manufacturing firms reported improved output growth in almost every country monitored by analysts at IHS Markit.


Electric car maker Tesla Motors announced Sunday it was extending its offer of free unlimited charging for all Model S and X vehicles ordered on or before Jan. 15. Earlier, the offer was only valid on vehicles ordered before Jan. 1.


It would be over four months between the first incidents and January-end, but it would still be very welcome news when Samsung announces the findings of its investigation into the battery overheating issues that plagued its Note 7 flagship device. The South Korean electronics giant is expected to make public those findings before this month is over, according to a local daily.


03 January


Vacancy numbers stagnated for the fifth consecutive month as cautious employers kept hiring on hold again in November, according to the recruiters of the Association of Professional Staffing Companies (Apsco).


New year, new highs: FTSE 100 smashes 7,200 and dollar index hits 14-year peak


British factories ramped up output in December as strong export and domestic demand stimulated growth in the manufacturing sector, according to an influential private sector survey.


Proponents of legalizing and regulating recreational marijuana received some good news Tuesday, as a new market research study pegged the total value of legal North American sales of the drug in 2016 at $6.7 billion. That was a 30 percent rise over the previous year, according the report obtained by Forbes. In the U.S. alone, sales were $5.86 billion, the report found.


04 January


A new burst of inflation is set to hit the British high street, as prices edged up in December and analysts predicted that the shop price deflation seen over the past three years is coming to an end.


Swedes looking forward to a six-hour workday just got some bad news: the costs outweigh the benefits.


UK housebuilders rallied to the top of the blue chip index after Deutsche Bank urged investors the sector’s “appealing value” is “too significant to ignore”.


Late pop icon George Michael’s music is climbing up the charts after his death on Christmas Day last year. Sales of Michael’s albums and songs have soared nearly 3,000 percent since Dec. 25, 2016.


05 January


Britain’s economy is bouncing back from the slump in business confidence which struck in the wake of the Brexit vote, with services, manufacturing and construction firms all reporting solid growth in the final months of 2016


Economic growth accelerated in the final month of 2016, as companies across Britain’s powerful services sector reported rising demand in December.


Markets wrap: FTSE 100 enjoys longest run of record closes since 1997
London’s FTSE 100 enjoyed its longest run of record closes in 20 years, after the benchmark index set another all-time peak.


Almost 33 years ago, John Schnatter started the pizza chain “Papa John’s” in a broom closet. Today, the CEO is now a billionaire, Forbes reported Thursday. Schnatter has since expanded from that closet to 44 countries and territories around the world, with more than 4,900 locations and sales reaching $1.64 billion in 2015 alone.


06 January


The UK’s labour market is slowly improving, with productivity up for the third consecutive quarter, but economists warn growth remains woefully below levels recorded before the financial crisis.


Wages in the US grew at their fastest pace since 2009 last month, pointing to continued momentum in the labour market and putting the country on course for a string of interest rate rises this year.


During his campaign that got him elected as the next president of the United States, Donald Trump often spoke about how he would keep jobs in the country. And even before taking office, he seems to be trying to do that using his favorite weapon: Twitter.


Private commercial space launch company SpaceX has been beset with troubles ever since the Sept.1 explosion of a Falcon 9 rocket on its launch pad in Cape Canaveral, Florida. The Elon Musk company originally planned to to resume flights in December 2016, and later pushed the date to Jan. 8, but will now fly some time next week at the earliest.