Morale boost at Japan’s factories September 12, 2011 Big Japanese manufacturers turned optimistic in the third quarter as output recovered swiftly after the 11 March earthquake and tsunami, but scaled back forecasts for the months ahead due to the yen’s strength and a looming global slowdown, a Ministry of Finance survey showed yesterday. The index of sentiment at large manufacturers rose to plus [...]
Turkish GDP surprises on up side September 12, 2011 Turkey’s economy smashed expectations in the second quarter of the year, official data showed yesterday. The country’s GDP grew by 8.8 per cent compared to the same time last year, after surprising growth of 1.3 per cent compared to the first three months of the year. “The markets had been led to believe by the [...]
Imports hit new high in China September 12, 2011 China’s monthly imports hit a record high after jumping sharply in August, official figures showed yesterday. The country imported 30.2 per cent more than a year earlier, with imports for the month standing at $155.6bn (£98bn). Exports also jumped, however, surging almost 25 per cent to give China a trade surplus of $17.8m. However, the [...]
Mexico output jumps in July September 12, 2011 Mexican industrial output rose by 0.5 per cent in July, beating analyst forecasts, helped by strength in manufacturers such as carmakers. However, analysts expect a slowing US economy to drag down growth in the coming months.
Foster’s takes new swipe at SABMiller bid September 12, 2011 FOSTER’S chairman David Crawford has written to shareholders asking them to brush off SABMiller’s $11bn (£6.2bn) takeover bid. Crawford urges them to stick with current management while promising that the benefits of a demerger of the company’s wine business are yet to be seen. The board has consistently claimed that SABMiller’s bid undervalues the business. [...]
Suzuki seeks to end tie-in with Volkswagen September 12, 2011 SUZUKI Motor wants to end its two-year-old alliance with Volkswagen after the German carmaker accused it of violating their partnership pact by agreeing a diesel engine deal with Italy’s Fiat. An exit by Suzuki would end an alliance forged in December 2009 that was billed as a partnership of equals to bolster VW’s presence in [...]
FREUD AUCTION SET TO BUCK ECONOMIC GLOOM September 12, 2011 LUCIEN Freud’s 1952 painting Boy’s Head is set to prove that art is still seen as a worthwhile investment when it goes on sale at Sotheby’s later this month, expected to fetch up to £4m. Earlier this year, the Bond Street-based auction house posted record sales of $3.4bn (£2.15bn) for the first half of 2011. [...]
A man’s shoes are as crucial as his suit September 12, 2011 THERE’S an old saying that if you want to know if a man’s well-dressed, look down. It’s absolutely true: good shoes make an outfit and bad ones stand out terribly, and that’s especially true of the City. So what should you be looking for in a good pair of English lace-ups? First, if you’re going [...]
OUT OF OFFICE September 12, 2011 DEGAS AT THE ROYAL ACADEMY The great French Impressionist artist (though he rejected the term) is the latest Master to receive a retrospective at the Royal Academy. Opening this weekend, the exhibition focuses on Degas’ most famous subject matter: ballet dancers. In pastels, drawings and paintings, Degas explored the capacity for movement and expression of the [...]
Minimalism meets France’s Ancien Regime this autumn September 12, 2011 1. Brows If your eyes are the windows to your soul, then your brows are the curtains. This season eyebrows are big and bold, which apart from lending a more masculine look, also defines your eyes. Blinc do a wonderful Brow Mousse that not only defines them and builds body, but holds their shape wherever [...]
