Chinese economy grew at slowest rate since 1990 in 2018 as hopes for US trade deal persist January 21, 2019 China’s economy grew at its slowest rate since 1990 in 2018 as demand lessened and trade tariffs imposed by the US continued to bite. GDP growth eased to 6.4 per cent from 6.5 per cent in the third quarter, the National Bureau of Statistics said today, dragging full-year growth to 6.6 per cent, the slowest [...]
US stocks jump on renewed optimism of an end to the China trade war January 19, 2019 US stock indexes were up on Friday as Wall Street made its fourth successive week of gains, while the dollar also had its first positive week in a month. It comes on the back of renewed hope that the US-China trade war could be nearing its conclusion. Stocks jumped on news that China were considering [...]
From igloo glamping to glacier kayaking, the frozen landscape of the Pemberton Icecap has been transformed into a tourist hotspot January 18, 2019 Outside, the sun is blazing hot, a white glare cast across a vast expanse of snow. Inside the ice cave, it’s one degree above freezing; a gleaming cool blue cut through with a trickling lake of glacial water. Centre stage is a moulin, a frozen “straw” of ice that glows as the sunshine above ground [...]
Poor trading over Christmas period dulls Tiffany and Co’s outlook January 18, 2019 Luxury US jeweller Tiffany and Co has become the latest retailer to suffer in a global downturn as it reported a decline in sales over the Christmas period. Worldwide net sales declined one per cent to $1.04bn and like for like sales were down two per cent for the two months ending 31 December. Read [...]
China could turn to Indonesian imports as coal mines shut after accident which left 21 dead January 18, 2019 A collapsed coal mine which left 21 dead in China’s Shaanxi province could force the country to ramp up coal imports as production is shut down in two counties. Coal mining has been halted for at least a month in all private mines in Shenmu county where the roof collapsed at the 0.9m tonnes per [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
Concerns over Sophos as shares tank in early trading after ‘subdued performance’ warning January 18, 2019 Sophos Group shares were down 23 per cent in early morning trading after reporting “subdued performance” in its third quarter trading update. The IT security company said a “challenging” previous year was context for the disappointing results, which saw the company earnings decline eight per cent year-on-year for the nine months to 31 December to [...]
European car sales down for fourth straight month as emissions testing continues applying skids to market January 16, 2019 A fall in Chinese demand and tougher emissions testing continued to put the brakes on European car sales in December, which dropped for the fourth month in a row. New car registrations dropped 8.4 per cent last month, said the European Automobile Manufacturers Association (EAMA), following an eight per cent drop last month. Read more: Off [...]
Stock markets slide as Chinese data reveals impact of US-China trade war January 14, 2019 European stock markets have tumbled after weak Chinese trade data laid bare the impact of the US-China trade war. China’s export and import figures fell dramatically in December, going against analysts’ predictions of a rise. Read more: Markets lift as US-China talks reach conclusion Negotiations between the two nations concluded last week without a resolution, although [...]
Top 10 CEOs: Amazon’s Jeff Bezos tops index of chief executives, but who else makes the list? January 14, 2019 Amazon founder Jeff Bezos today took the top spot in a new index that rates bosses on the star power they bring to their companies. Billionaire Bezos, who has run Amazon for the past 25 years, has come first in a ranking out today that measures the brand value the world’s most rich-and-famous chief executives [...]