China’s economic slowdown sees markets cautious January 10, 2014 Some disappointing numbers for China overnight, as it missed its official target on foreign trade for the second year in the row, confirming a loss of momentum at the end of 2013. But despite its export growth slowing by more than expected in December, the country has now overtaken the US as the world's largest [...]
Porsche and Audi break records as demand for luxury cars rises January 9, 2014 PORSCHE and Audi have both posted annual sales jumps, benefiting from the global surge in demand for luxury cars and giving a boost to parent firm Volkswagen. More than 162,000 Porsches were delivered last year, up 15 per cent on 2012 and a company record. In the US, the marque’s biggest market, sales were up [...]
What the other papers say this morning – 9 January 2014 January 8, 2014 FINANCIAL TIMES UK mobile services in Channel tunnel British Eurotunnel passengers will finally be able to use mobile phones under the sea following an agreement between the Channel tunnel operator and UK telecoms groups to provide the same sort of voice and data services that have been available to the French since 2012. China offers [...]
LME allows first Chinese firm to deal in the ring January 8, 2014 THE LONDON Metal Exchange yesterday said it has approved its first Chinese-owned ring dealing member company, alongside two new trade members. GF Financial Markets will be able to trade on LME’s three platforms, including the famous ring, one of the world’s last open outcry markets. Ring dealing members can also issue LME contracts – buying [...]
Why geography matters when selecting an MBA course January 8, 2014 Business has gone global and business schools have followed, with most now claiming to offer international reach IN GREATER numbers, business school applicants are looking beyond the UK and US to study their Masters of Business Administration (MBA). QS Top MBA research has found that, while the UK and US remain the most popular study [...]
London skyline gets a £1.2bn Chinese fortune January 7, 2014 CHINESE state-owned Greenland Group has made its first foray into the UK market with a £1.2bn swoop on two major London developments – which could see it build the tallest skyscraper in Canary Wharf. The property giant yesterday signed a deal to buy developer Minerva’s Ram Brewery, a historic seven acre site in Wandsworth claimed [...]
Nintendo, Sony and Microsoft to join China’s £8bn gaming market January 7, 2014 CHINA has ended its 14-year ban on foreign-made games consoles which has blocked Sony, Microsoft and Nintendo from selling devices to the country’s 1.3bn citizens. While PlayStations and Xboxes have long been available in China illegally, PC gaming is the only legitimate form of gaming and has flourished due to the popularity of online gaming [...]
Brand Index: Britain must up its game to get a reputation made in China January 7, 2014 ON AN official trade mission to China last October, George Osborne declared that he was staggered by the progress and can-do attitude of the Chinese, and warned that Britain needs to “up our game” if we’re to compete. New research from YouGov in China shows this to be true, with perceptions of British-made products and [...]
Nintendo, Sony and Microsoft to re-enter China’s £8.4bn gaming market January 7, 2014 China has ended its 14 year ban on foreign-made games consoles which has blocked Sony, Microsoft and Nintendo from selling devices to the country’s 1.3bn citizens. While PlayStations and Xboxes have long been available in China illegally, PC gaming is the only legitimate form of gaming and has flourished due to the popularity of online [...]
CNBC Comment: Global markets in 2014: What to expect January 6, 2014 IT’S A new year, and I received the most important present just before Christmas. In 2014, I will never again have to ask whether the US Federal Reserve will start tapering its asset purchase programme. The relief of that single fact cannot be overestimated, and I would like to personally thank Ben Bernanke and the rest [...]