08 January - 12 January

08 January

U.K. consumers curbed their spending for the first time in five years in 2017 as surging inflation and falling real wages took their toll on high street retailers.

French President Emmanuel Macron arrives in China on Monday for a state visit that will test his ability to simultaneously woo his host, President Xi Jinping, while threatening to make life harder for him.

Saudi Crown Prince Mohammed bin Salman’s high-speed U-turn on state handouts suggests he’s betting on the backing of ordinary citizens rather than traditional pillars of support as he consolidates power.

Elon Musk’s Space Exploration Technologies Corp. successfully launched its first mission of the new year: a classified payload for the U.S. government into low-earth orbit.


09 January

Aston Martin is targeting a valuation of as much as 5 billion pounds ($6.8 billion) in a potential initial public offering of the British sports car maker, according to people familiar with the matter.

U.K. Prime Minister Theresa May’s attempt to give her government a 2018 reboot was marred by a chaotic cabinet reshuffle as senior ministers refused to follow her orders. It’s a development that bodes ill for her ability to successfully navigate the next, even trickier stage of Brexit talks.

Jeff Bezos’s net worth reached $105.1 billion Monday on the Bloomberg Billionaires Index as Amazon.com Inc. shares added to a 12-month surge that’s lifted the online shopping giant’s market value by almost 57 percent.

Canva, an Australian-based graphic design app, has raised $40 million to become the country’s only privately backed technology startup to be valued at $1 billion.


10 January

U.K. businesses are warning that more price increases are ahead, according to a survey by the British Chambers of Commerce.

Container shipping companies are bracing for a challenging year -- they will have more space available for carrying goods than the amount of cargo that’s out there.

Jeffrey Gundlach, the billionaire bond manager, says the S&P 500 Index will end the year with a negative return and is dubious of the long-term value of bitcoin.

Alibaba co-founder Jack Ma will consider floating pieces of the Chinese e-commerce titan in Hong Kong, taking advantage of regulations that will allow the listing of companies with dual-class shares.


11 January

The U.K. is growing tired of complaints that the European Union doesn’t know what Theresa May’s government wants from Brexit.

Saudi Arabia’s stock market is pulling out all the stops for what could be the world’s largest initial public offering.

Oil closed above $63 a barrel for the first time in over three years as crude stockpiles stowed in American tanks and terminals dwindled for an eighth straight week.

Warren Buffett finally confirmed what many investors have already guessed about who will succeed him as chief executive officer of Berkshire Hathaway Inc., the sprawling conglomerate he’s built over the past five decades.


12 January

Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley are on a hiring drive in Frankfurt as global investment banks race to establish new headquarters inside the European Union in time for Brexit.

Before setting off for New Delhi this weekend, Israeli Prime Minister Benjamin Netanyahu received an unwelcome reminder of the maneuvering Indian counterpart Narendra Modi must perform as their countries deepen ties.

Oil topped $70 a barrel in London for the first time in three years as production cuts by OPEC and rising demand whittle away a global surplus.

Bitcoin slumped again on Friday, leaving the largest cryptocurrency heading for its worst weekly performance in three years as regulators around the world step up scrutiny out of concerns ranging from investor losses to strains on power systems.


Markets

DOW JONES INDUS. AVG
25,803.20 +228.46 +0.89%
S&P 500 INDEX
2,786.24 +18.68 +0.67%
NASDAQ COMPOSITE INDEX
7,261.06 +49.29 +0.68%
FTSE 100 INDEX
7,778.64 +15.70 +0.20%
DAX INDEX
13,245.00 +42.13 +0.32%
CAC 40 INDEX
5,517.06 +28.51 +0.52%
IBEX 35 INDEX
10,462.40 +27.20 +0.26%
NIKKEI 225
23,728.90 +75.07 +0.32%
HANG SENG INDEX
31,669.10 +256.51 +0.82%

Currencies

EUR-USD
1.2199 -0.0003 -0.02%
USD-JPY
110.7300 -0.3300 -0.30%
GBP-USD
1.3742 +0.0014 +0.10%
AUD-USD
0.7933 +0.0016 +0.20%
USD-CAD
1.2456 -0.0003 -0.02%
USD-CHF
0.9672 -0.0001 -0.01%
EUR-GBP
0.8876 -0.0012 -0.14%
USD-HKD
7.8234 +0.0010 +0.01%
EUR-CHF
1.1799 0.0000 0.00%
18 December - 05 January

18 December

European Union Chief Negotiator Michel Barnier set out a hardline negotiating position just as U.K. Prime Minister Theresa May’s key ministers were starting to unite behind a Brexit policy that may soothe rifts in her Cabinet.

The European Union aimed for a “deterrent effect” on Google and other technology giants when it ordered the internet search provider to pay 2.4 billion euros ($2.8 billion) for breaching antitrust law over how it displays shopping ads.

Barclays Plc is in talks with the U.K. Serious Fraud Office over a possible deal to avoid new charges against one of its main operating units linked to a 12 billion-pound ($16.1 billion) fundraising at the height of the financial crisis, according to a person with knowledge of the situation.

As newly launched derivatives contracts draw pros into the bitcoin market, a short seller still sees a massive inefficiency -- and a chance to profit off naïve traders.


19 December

Ryanair Holdings Plc’s Irish pilots gave the company less than two days to come up with a agreement to recognize their labor union.

Italian President Sergio Mattarella signaled he would soon pave the way for national elections early next year, telling political leaders that the parliamentary term was drawing to an end.

For investors who watched austerity measures pummel growth over the past two years, Saudi Arabia’s 2018 budget is a relief.

Having subdued Australia’s housing market frenzy, Governor Philip Lowe now has to steer his way through the hangover.


20 December

Fresh from sacking her trusted deputy, U.K. Prime Minister Theresa May heads to Poland on Thursday to attempt to get close -- but not too close -- to its new government.

President Donald Trump declared that Republicans had passed the largest tax cut in U.S. history and said corporations would no longer relocate their headquarters overseas after the House sent the legislation to his desk on Wednesday.

Bitcoin has yet to redefine the global payments system. But it could raise questions about how to define a bear market.

New Zealand’s rejection of HNA Group Co.’s proposed acquisition of Australia & New Zealand Banking Group Ltd.’s asset-finance business marks a third deal in six months the debt-strapped conglomerate has failed to complete.


21 December

Pro-independence parties won back control of Catalonia in Thursday’s regional election as Spanish efforts to contain the separatist movement earned Prime Minister Mariano Rajoy a historic defeat.

Abu Dhabi plans to start selling treasury bills for the first time next year, according to people with knowledge of the matter, as the OPEC producer seeks to develop its local-currency debt market.

Bitcoin fell as much as 15 percent on Friday, extending its loss from its intraday high this week to more than 30 percent.

Investors rejoicing over the Philippine peso’s rally to a six-month high should beware: the currency is predicted to be Asia’s worst performer next year.


05 January

Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake in the ride-hailing company, people with knowledge of the matter said.

Credit Suisse Group AG plans to vacate one of its offices in London’s Canary Wharf financial district following staff cuts and a program to reduce costs, according to two people with knowledge of the matter.

The strongest manufacturing activity since the aftermath of the global financial crisis is slowly draining commodities surpluses, sending prices to a 3-year high as investors pour money into everything from oil to copper.

Hong Kong’s home prices are at unreasonable levels that can’t be sustained, according to SC Capital Partners, a $2.6 billion real estate private equity firm.


Markets

Currencies

11 December - 15 December

11 December

Prime Minister Theresa May’s flagship Brexit Bill continues its slow journey through Parliament Tuesday and Wednesday, with the sixth and seventh days of its eight-day Committee Stage.

Saudi Arabia plans to raise domestic gasoline and jet fuel prices in January, part of a program to gradually eliminate energy subsidies as the kingdom seeks to overhaul its economy and balance the budget, according to a person with knowledge of the matter.

The proverbial free lunch is just sitting there in the hours-old bitcoin futures market. So why isn’t it being gobbled up?

Years of cheap money across Asia have left a legacy of surging debt that will force the region’s central bankers to be cautious when they eventually follow in the footsteps of South Korea by raising interest rates.


12 December

U.K. Prime Minister Theresa May is facing another painful Brexit dilemma: cave in to rebels in her Conservative Party who want the power to veto the final Brexit deal, or face a potentially damaging defeat.

Saudi Arabia is setting up an organization to manage assets relinquished by detainees as part of settlement agreements in the crackdown on corruption, according to people with knowledge of the matter.

The Trump administration is encouraging Saudi Arabia to consider bids by Westinghouse Electric Co. and other U.S. companies to build nuclear reactors in that country and may allow the enrichment of uranium as part of that deal, according to three people familiar with the plans.

Secretary of State Rex Tillerson said the U.S. is prepared to negotiate with North Korea without preconditions, but the Trump administration would first want a “quiet period” without nuclear or missile tests for discussions with Kim Jong Un’s regime to begin.


13 December

Blockchain is upending the world’s financial markets with the rise of bitcoin, and now the digital-ledger system is poised to do the same next year for raw materials like food and energy.

Saudi Arabia will on Thursday unveil a 72 billion-riyal ($19.2 billion) program to bolster private-sector growth in 2018, with money to support housing construction as well as fee waivers for small businesses, Commerce and Investment Minister Majid Al-Qasabi said.

Investors who bet on exposure to Middle East oil got it right, at least on the first trading day of shares in a unit of Abu Dhabi’s oil giant.

Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.


14 December

The two most critical forecasts of global oil markets offer contrasting visions for 2018: one in which OPEC finally succeeds in clearing a supply glut, and another where that goal remains elusive.

Teva Pharmaceutical Industries Ltd.’s new Chief Executive Officer Kare Schultz proved that when it comes to saving the struggling drugmaker, he’s ready to pull out all the stops.

Another Wall Street firm says the bull market’s going to continue to run next year. But it won’t be because of tech shares.

Malaysia’s ringgit and China’s yuan are emerging as Asia’s most-promising currencies for fund managers as they look for the best place to put their money in the new year.


15 December

Pound traders are about to get their first insight into how the currency may fare in the next phase of the Brexit talks as negotiators move on to the potentially more complicated stage of discussing trade.

U.K. Prime Minister Theresa May will set out her plan for how a proposed Brexit transition period will work, stoking a potential new row with the European Union as she tries to keep different factions inside the Conservative Party on her side.

These days, every big finance company worth its salt is finding ways to boost its bottom line with technology. Few are going quite as far as Ping An Insurance (Group) Co.

Billionaire Andrew Forrest is facing one of his toughest tests in the coming 12 months. His Australian iron ore producer is the only stock on the nation’s blue-chip resources index to hand investors a loss in 2017, tumbling from its status as the top performer last year.


Markets

DOW JONES INDUS. AVG
24,651.70 +143.08 +0.58%
S&P 500 INDEX
2,675.81 +23.80 +0.90%
NASDAQ COMPOSITE INDEX
6,936.58 +80.06 +1.17%
FTSE 100 INDEX
7,490.57 +42.45 +0.57%
DAX INDEX
13,103.60 +35.48 +0.27%
CAC 40 INDEX
5,349.30 -7.84 -0.15%
IBEX 35 INDEX
10,150.40 -26.10 -0.26%
NIKKEI 225
22,865.70 +312.45 +1.39%
HANG SENG INDEX
28,964.10 +115.98 +0.40%

Currencies

EUR-USD
1.1764 +0.0015 +0.13%
USD-JPY
112.6800 +0.0800 +0.07%
GBP-USD
1.3336 +0.0016 +0.12%
AUD-USD
0.7658 +0.0012 +0.16%
USD-CAD
1.2853 -0.0013 -0.10%
USD-CHF
0.9902 -0.0003 -0.03%
EUR-GBP
0.8822 +0.0001 +0.01%
USD-HKD
7.8144 +0.0025 +0.03%
EUR-CHF
1.1649 +0.0005 +0.04%
04 December - 08 December

04 December

U.K. retail sales rebounded last month, fueled by higher food spending as Black Friday sales failed to tempt enough British shoppers to open their wallets for other things.

European Union finance ministers will discuss the U.S. plan to slash taxes at a meeting in Brussels Tuesday and whether the new plan violates international trade rules.

Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low.

The surge in emerging-market stocks this year is putting the asset class within spitting distance of finally catching up with the rally in developing-nation currencies.


05 December

Prime Minister Theresa May is facing a revolt from inside her Cabinet over her plan to keep U.K. regulations aligned with the European Union after Brexit, a split that threatens to undermine her hopes of breaking the deadlock in negotiations.

GlaxoSmithKline Plc, Johnson & Johnson, Merck & Co. and AstraZeneca Plc are among more than two dozen global pharmaceutical companies pledging to invest funds in the U.K. as part of a multi-billion-pound effort to spur the country’s health-care industry.

The Qatari emir was the only head of state -- other than his Kuwaiti host -- at a Gulf summit on Tuesday, as leaders including Saudi Arabia’s King Salman stayed away from a meeting that was overshadowed by the rift with Qatar and ended a day early.

Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may not play out for years.


06 December

Bitcoin climbed as much as 7.9 percent on Thursday as it surged above $14,000, extending this month’s advance to more than 40 percent. The price of the cryptocurrency touched $14,399.99, a record, according to Bloomberg pricing.

Blackwater Security founder Erik Prince told U.S. House lawmakers conducting the Russia probe that he discussed U.S. trade policy with Kirill Dmitriev, the head of the Russian investment fund in January, but insisted he wasn’t operating as a back-channel for the incoming Trump administration.

OPEC appeared to score a diplomatic coup last week by persuading Libya, its most troubled member, to accept production limits. In reality, the agreement probably means little for the oil market.

After going from last to first in Asia, the Malaysian ringgit may be headed for a break -- before resuming its rally.


07 December

Buoyant over Donald Trump’s declaration of Jerusalem as Israel’s capital, Israeli Prime Minister Benjamin Netanyahu urged Europeans to emulate nations that don’t even recognize his country’s right to exist.

The trial against a Turkish banker accused of laundering money for Iran took a bizarre turn as the U.S. government’s star witness was sued for rape by a man who says he was a fellow inmate in a New York City jail.

Everyone from President Xi Jinping on down in China -- and plenty of observers outside it -- have warned about the need to rein in leverage in the world’s second-largest economy. What’s gone little recognized is that a large group of its companies has already done just that.

Justin Trudeau saw a third way for trade, preaching “progressive” values as a fix to a global order put on the defensive by populists like Donald Trump. But this week in China, he got a crash course on how difficult it is to sell.


08 December

Wall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade.

OPEC and its global allies including Russia may end their production cuts before 2019 if the crude market re-balances by June, Kuwait’s oil minister said.

Fitch Ratings raised the Philippines’ sovereign rating by one level, providing an endorsement of President Rodrigo Duterte’s economic plans, which include a tax reform aimed at strengthening the fiscal outlook.

Billionaire Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp. the world’s biggest investor in technologies. The reason has to do with the main patron of Son’s $100 billion investment plan, Saudi Arabia’s Crown Prince Mohammed bin Salman.


Markets

DOW JONES INDUS. AVG
24,329.20 +117.68 +0.49%
S&P 500 INDEX
2,651.50 +14.52 +0.55%
NASDAQ COMPOSITE INDEX
6,840.08 +27.24 +0.40%
FTSE 100 INDEX
7,393.96 +73.21 +1.00%
DAX INDEX
13,153.70 +108.55 +0.83%
CAC 40 INDEX
5,399.09 +15.23 +0.28%
IBEX 35 INDEX
10,321.10 +58.50 +0.57%
NIKKEI 225
22,876.80 +65.68 +0.29%
HANG SENG INDEX
28,784.40 +144.52 +0.50%

Currencies

EUR-USD
1.1779 +0.0006 +0.05%
USD-JPY
113.5700 +0.0900 +0.08%
GBP-USD
1.3403 +0.0013 +0.10%
AUD-USD
0.7528 +0.0019 +0.25%
USD-CAD
1.2846 -0.0002 -0.02%
USD-CHF
0.9919 -0.0008 -0.08%
EUR-GBP
0.8789 -0.0003 -0.04%
USD-HKD
7.8099 +0.0038 +0.05%
EUR-CHF
1.1684 -0.0007 -0.06%
27 November - 01 December

27 November

London homes are less affordable than ever before, despite slowing price growth and government attempts to cut the cost of housing for first-time buyers.

SoftBank Group Corp. and a coalition of investors will offer to buy shares in Uber Technologies Inc. at a price that would value the ride-hailing company at 30 percent less than its most recent $69 billion valuation, according to two people familiar with the matter.

Abu Dhabi’s state oil producer may build or buy into refining and petrochemical businesses outside the United Arab Emirates, making its first international investments as it seeks to strengthen ties with customers for its crude.

Toyota Motor Corp., which has made a big bet on hydrogen-powered cars, is looking more isolated as industry rivals double down on plug-in electric vehicles as the dominant technology in the emerging post-fossil fuel era.


28 November

Bitcoin surpassed $10,000 for the first time, bringing this year’s price surge to more than 10-fold even as warnings multiply that the largest digital currency is an asset bubble.

The U.K. and the European Union reached an outline deal on the divorce bill that Britain will pay when it leaves the bloc, clearing a hurdle in talks and leaving the thorny issue of the Irish border as the last major obstacle.

Prince Miteb bin Abdullah, one of the most senior Saudi royals detained in the kingdom’s declared crackdown on corruption, has been released after reaching a settlement deal believed to exceed the equivalent of $1 billion, an official involved in the anti-graft campaign said.

New World Development Co. said the office component of the HK$20.3 billion ($2.6 billion) Victoria Dockside complex in Kowloon is already 70 percent leased, and will be fully rented by the time it officially opens in March or April.


29 November

With a breakthrough in sight, the U.K. and the European Union are moving closer to a compromise on the Irish border that will allow Brexit talks to move on to trade at a key meeting next week.

With Iceland’s financial crash now in the rear-view mirror, the biggest challenge for the country’s first governing coalition between the far left and two conservative parties will likely be to cool the island’s red-hot labor market.

OPEC and Russia are ready to extend their oil production cuts until the end of next year to ensure global stockpiles keep falling and prices maintain recent gains.

The Bank of Korea raised its benchmark interest rate for the first time since 2011, underscoring its confidence in the nation’s economic recovery and inflation.


30 November

The breakthrough in Brexit talks that negotiators have been working to clinch next week was at risk Friday as a solution to the intractable Irish border issue remained elusive with parties on both sides refusing to compromise.

Chancellor Angela Merkel held her first meeting with Germany’s Social Democrats in her prolonged bid to forge a new government as a top politician warned that any talks between the two rival factions could last into February.

The Trump administration rebuked China for not being tough enough over North Korea’s nuclear program and said the Asian country is backsliding on market-oriented reforms.

Billionaire Elon Musk defied his doubters to beat Friday’s 100-day deadline and install the world’s biggest battery in the Australian outback. He’ll probably relinquish that crown by February.


01 December

The U.S. Congress will probably pass tax-cut legislation within the next two weeks, ushering in reductions that will boost economic growth by around 0.3 percentage point for next year and 2019, according to estimates by Goldman Sachs Group Inc.

Facebook Inc. is to hire 800 new staff in London, expanding its U.K. headquarters despite coming under increasing scrutiny from the country’s lawmakers.

The North Korean embassy in Berlin is a gray, monolithic office block notable only for the tall surrounding fence, the red-star flying from a flagpole in the courtyard -- and its prime real-estate location.

Australian Prime Minister Malcolm Turnbull won some relief from the chaos imperiling his leadership, with his deputy winning a special election on Saturday. The next month could be much tougher for him.


Markets

DOW JONES INDUS. AVG
24,231.60 -40.76 -0.17%
S&P 500 INDEX
2,642.22 -5.36 -0.20%
NASDAQ COMPOSITE INDEX
6,847.59 -26.39 -0.38%
FTSE 100 INDEX
7,300.49 -26.18 -0.36%
DAX INDEX
12,861.50 -162.49 -1.25%
CAC 40 INDEX
5,316.89 -55.90 -1.04%
IBEX 35 INDEX
10,085.00 -126.00 -1.23%
NIKKEI 225
22,774.40 -44.65 -0.20%
HANG SENG INDEX
29,230.90 +156.68 +0.54%

Currencies

EUR-USD
1.1873 -0.0023 -0.19%
USD-JPY
112.7400 +0.5700 +0.51%
GBP-USD
1.3468 -0.0009 -0.07%
AUD-USD
0.7604 -0.0009 -0.12%
USD-CAD
1.2716 +0.0031 +0.24%
USD-CHF
0.9821 +0.0059 +0.60%
EUR-GBP
0.8815 -0.0014 -0.16%
USD-HKD
7.8143 +0.0015 +0.02%
EUR-CHF
1.1661 +0.0047 +0.40%
20 November - 24 November

20 November

Prime Minister Theresa May won the backing of ministers on both sides of her divided cabinet to offer the European Union more money to break the Brexit deadlock so talks can move on to discussing future trade relations, ITV News reported.

Brexit will lead to a long period of sluggish growth in the U.K., putting the economy in an “unusual” slowdown for years, according to Bank of England policy maker Dave Ramsden.

Wealthy Saudis are seeking to restructure their businesses to ring fence assets in case authorities widen their declared crackdown on corruption, according to three people with knowledge of the matter.

Australia’s dollar is set to fall to the weakest since the aftermath of the global financial crisis in 2009 as it loses its standing as a high-yielding currency, according to Morgan Stanley.


21 November

Germany is keen for Brexit talks to move on to the next phase as the European side wants two things for a breakthrough: a better offer on the divorce bill, and greater certainty that Theresa May can stay the course.

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers.

Saudi Arabia’s sovereign wealth fund finalized a deal to take over the management of Riyadh’s $10 billion unfinished financial hub as the government attempts to revive the project, according to people familiar with the matter.

Singapore will ensure its tax system is based on “solid” economic performance and the principle that higher income earners pay more, a senior government official said, after the prime minister signaled that the nation needs to prepare for tax increases.


22 November

The European Union is ready for an offer from Theresa May that could unlock Brexit trade talks, even as a consensus is forming in Brussels that the trade deal available won’t be anything like the “deep and special partnership” the British leader craves.

Wall Street got it wrong on BRICs and PIGS. Now, some of the world’s largest money managers say the newly minted members of the “Fragile Five” are actually fairly sturdy.

Saudi suspects being held as part of the kingdom’s crackdown on alleged corruption are starting to make payments to settle cases in exchange for freedom, according to people with knowledge of the matter.

Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing.


23 November

Germany’s biggest opposition party is debating whether to begin talks with Angela Merkel on a minority government or a coalition, offering a way to restore political leadership in Europe’s biggest economy.

OPEC will have to decide whether to extend global oil cuts without knowing whether they’re triggering a new flood of rival supply from U.S. shale producers.

Reaping the rewards of going big on tech, DBS Group Holdings Ltd. has pushed past Singapore Telecommunications Ltd. to become Southeast Asia’s biggest company by market capitalization.

China’s HNA Group Co. has received clearance from the Malaysian central bank for its indirect stake in Deutsche Bank AG’s subsidiary in the Southeast Asian country, according to two people briefed on the matter.


24 November

When Norway’s $1 trillion sovereign wealth fund said it wanted companies to curb excessive and opaque top-management pay, it meant business.

Bitcoin surged past $9,000 for the first time, less than a week after topping $8,000 and taking its year-to-date rise to more than 850 percent.

Iraq plans to return to the global bond markets next year to raise $2 billion to finance its budget deficit, central bank Governor Ali Al-Allaq said on Sunday, as the oil-rich country capitalizes on IMF backing and a gradual return to stability.

It’s been the worst month for China’s local corporate notes in two years. And it might just be the start, as the nation’s top bond fund manager says yield premiums could rise further in 2018.


Markets

DOW JONES INDUS. AVG
23,558.00 +31.81 +0.14%
S&P 500 INDEX
2,602.42 +5.34 +0.21%
NASDAQ COMPOSITE INDEX
6,889.16 +21.80 +0.32%
FTSE 100 INDEX
7,409.64 -7.60 -0.10%
DAX INDEX
13,059.80 +51.29 +0.39%
CAC 40 INDEX
5,390.46 +10.92 +0.20%
IBEX 35 INDEX
10,053.50 +20.70 +0.21%
NIKKEI 225
22,580.10 +29.26 +0.13%
HANG SENG INDEX
29,866.30 +158.38 +0.53%

Currencies

EUR-USD
1.1920 -0.0013 -0.11%
USD-JPY
111.5100 -0.0200 -0.02%
GBP-USD
1.3318 -0.0019 -0.14%
AUD-USD
0.7598 -0.0019 -0.25%
USD-CAD
1.2720 +0.0008 +0.06%
USD-CHF
0.9803 +0.0008 +0.08%
EUR-GBP
0.8950 +0.0003 +0.03%
USD-HKD
7.8083 +0.0005 +0.01%
EUR-CHF
1.1684 -0.0005 -0.04%
13 November - 17 November

13 November

Even with Theresa May’s political troubles driving pound volatility up the most since mid-September, analysts are optimistic the U.K. and the European Union will agree next month to move Brexit talks on to trade.

Abu Dhabi National Oil Co. kick-started a round of privatizations in the Middle Eastern oil industry, saying it will sell shares in its retail fuel stations unit and list them on the local stock exchange.

A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018.

Alibaba Group Holding Ltd.’s Singles’ Day shopping extravaganza, which generated a record $25.3 billion in sales this year, is even affecting an obscure part of China’s debt market.


14 November

European officials have identified summits early next year where they could seek a breakthrough in Brexit talks, as the European side is bracing for a crunch meeting in December to end in failure, three people familiar with the negotiations said.

Airbus SE is nearing one of the biggest deals in aviation history, negotiating to sell 430 aircraft valued at more than $40 billion to U.S. airline investor Indigo Partners, people familiar with the matter said.

Egypt is in talks with Saudi Arabian Oil Co. to import crude oil and refine it domestically, giving the North African country more control over its own gasoline and diesel supplies.

Chinese developers facing a looming wall of debt repayments have been thrown a lifeline by regulators easing access to offshore financing. That won’t solve all their problems.


15 November

A year ago, executives at Deutsche Bank AG and Commerzbank AG held talks about a potential combination, only to abandon them shortly after to try and go it alone. Now investors are asking if a U.S. buyout firm could make Germany’s largest banks change their minds.

U.K. Prime Minister Theresa May got her flagship Brexit Bill through its second day of scrutiny unscathed, with pro-European members of her Conservative Party holding back from rebelling, while warning that they were preparing to vote her down.

Zimbabwe’s military seized power and detained 93-year-old President Robert Mugabe in a struggle over the succession of the only leader the African nation has ever known.

As macro hedge funds worldwide are shaping up as the industry’s worst performers this year, Singapore’s PruLev Global Macro Fund is crushing rivals with a 47 percent gain.


16 November

U.K. Chancellor of the Exchequer Philip Hammond doesn’t plan to change the inflation gauge that the Bank of England targets in the Budget next week, according to two officials familiar with the matter.

Lloyds Banking Group Plc is in exclusive talks to sell and lease back its City of London headquarters to a vehicle linked to China’s Hengli Group, two people with knowledge of the deal said.

Airbus SE might yet win a long-anticipated A380 superjumbo order from Gulf carrier Emirates before the end of the year, but must pledge to extend the ailing program for a further decade in order to secure the deal.

Oil-rich Kuwait will need $100 billion of additional financing over the next five years as mandated contributions to its Future Generations Fund leave a fiscal deficit, according to the International Monetary Fund.


17 November

Germany’s financial regulator dropped a probe into whether Deutsche Bank AG’s two largest shareholders acted in concert, according to a person briefed on the matter.

A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighboring Saudi Arabia, where authorities say they’re rooting out corruption.

Qatar’s foreign minister said the tiny emirate has U.S. backing to resolve the ongoing crisis with a Saudi-led alliance, but the country is also prepared should its Gulf Arab neighbors make military moves.

Bitcoin rose 4.8 percent to $8,071.05 as of 7:17 a.m. Sydney time on Monday. It’s now up more than 700 percent this year after shrugging off a tumble of as much as 29 percent earlier this month. It’s been a tumultuous year for the largest cryptocurrency, with three separate slumps of more than 25 percent in value all giving way to subsequent rallies.


Markets

DOW JONES INDUS. AVG
23,358.20 -100.12 -0.43%
S&P 500 INDEX
2,578.85 -6.79 -0.26%
NASDAQ COMPOSITE INDEX
6,782.79 -10.50 -0.15%
FTSE 100 INDEX
7,380.68 -6.26 -0.08%
DAX INDEX
12,993.70 -53.49 -0.41%
CAC 40 INDEX
5,319.17 -17.22 -0.32%
IBEX 35 INDEX
10,010.40 -78.30 -0.78%
NIKKEI 225
22,314.60 -82.16 -0.37%
HANG SENG INDEX
29,252.60 +53.56 +0.18%

Currencies

EUR-USD
1.1742 -0.0048 -0.41%
USD-JPY
112.1300 +0.0300 +0.03%
GBP-USD
1.3198 -0.0017 -0.13%
AUD-USD
0.7560 -0.0004 -0.05%
USD-CAD
1.2788 +0.0025 +0.20%
USD-CHF
0.9898 +0.0007 +0.07%
EUR-GBP
0.8897 -0.0026 -0.29%
USD-HKD
7.8123 +0.0007 +0.01%
EUR-CHF
1.1622 -0.0037 -0.32%
06 November - 10 November

06 November

Theresa May’s ministers took the first steps to delivering their promise to make the U.K a global trading nation after Brexit, setting out customs and trade laws that will come into force when the country quits the European Union.

While bitcoin might hit $8,000, Goldman Sachs Group Inc. analysts say that could be the last big number we see for a while.

South African Airways will revive a plan to seek an equity partner that’s able to provide cash and operational savings to help turn around the state airline, according to its new chief executive officer.

President Donald Trump departed Tokyo on Tuesday morning for a two-day visit to South Korea, bringing him near North Korean leader Kim Jong Un on a stop that will also feature talks on a trade deal he says hurts U.S. workers.


07 November

Catalan separatists failed to heal their divisions in time to establish a common front for December’s election, boosting Spain’s chances of restoring some normality to the rebel region.

The frenzy in the copper market is luring traders to take high-flying bets that prices are headed back toward a record.

Saudi Arabia’s wealth fund, which aims to control more than $2 trillion by 2030, is working with rainmaker Michael Klein and boutique Evercore Inc. to advise on its global investment strategy and financing plans, according to people familiar with the matter.

President Donald Trump issued a call to all nations to deny aid and assistance to North Korea as a way to choke off the rogue regime, saying it was a matter of conscience for the world to stand together against the nuclear threat.


08 November

Brexit talks resume Thursday with no indication that a breakthrough is in reach: While both sides are hoping for an agreement by the end of the year, the Europeans are striking a cautious tone.

Bank of England policy maker Ian McCafferty said clarity on Brexit will be needed early next year to prevent banks starting to shift jobs out of the country.

Market reaction to Saudi Arabia’s stunning anti-corruption raid has been a boon to some billionaires and a curse to others.

Having listened to President Donald Trump’s ‘America First’ rhetoric and his hammering of the need to reduce U.S. trade deficits, what many Chinese executives say they hear is not the threat of a trade war, but the words of a dealmaker who’ll be good for business.


09 November

Spain’s central government is pushing for the release of eight former officials from the Catalan government and expects to see them freed in time to campaign in next month’s election, according to a person familiar with the matter.

Britain faces a fundamental choice between Donald Trump’s vision of a low-regulated, business-friendly society or the “European model” of higher food and environmental standards, the European Union’s chief Brexit negotiator, Michel Barnier said.

Two of New York’s most significant construction projects -- Manhattan West, where Amazon.com Inc. will have offices, and One Vanderbilt, destined to be among the city’s tallest buildings -- are both ensnared by a $76 million labor dispute.

Pacific nations are yet to agree on how to salvage a blockbuster trade pact after days of talks in Vietnam, with Australia confident of an outcome but Canada warning it wants a good deal over a fast one.


10 November

Embattled U.K. Prime Minister Theresa May faced a fresh challenge as the Sunday Times said 40 Conservative members of Parliament, nearly enough to trigger action, have agreed to sign a letter of no confidence in her.

If time is money, big M&A is getting a lot costlier in the European Union thanks to a tactic increasingly deployed by the bloc’s merger watchdogs in Brussels.

Saudi Arabia, the world’s largest crude exporter, will raise security at its oil facilities after Bahrain blamed Iran for a fire at a pipeline that connects the two Arab allies. Iran denied that it was involved.

As the world’s two largest economies jockey for influence in Southeast Asia, one appears to be making more headway than the other.


Markets

DOW JONES INDUS. AVG
23,422.20 -39.73 -0.17%
S&P 500 INDEX
2,582.30 -2.32 -0.09%
NASDAQ COMPOSITE INDEX
6,750.94 +0.89 +0.01%
FTSE 100 INDEX
7,432.99 -51.11 -0.68%
DAX INDEX
13,127.50 -55.09 -0.42%
CAC 40 INDEX
5,380.72 -27.03 -0.50%
IBEX 35 INDEX
10,092.70 -48.40 -0.48%
NIKKEI 225
22,681.40 -187.29 -0.82%
HANG SENG INDEX
29,120.90 -15.65 -0.05%

Currencies

EUR-USD
1.1659 -0.0006 -0.05%
USD-JPY
113.6900 +0.1600 +0.14%
GBP-USD
1.3162 -0.0034 -0.26%
AUD-USD
0.7648 -0.0013 -0.17%
USD-CAD
1.2693 +0.0011 +0.09%
USD-CHF
0.9965 +0.0004 +0.04%
EUR-GBP
0.8858 +0.0017 +0.19%
USD-HKD
7.8020 -0.0004 -0.01%
EUR-CHF
1.1619 0.0000 0.00%
30 October - 03 November

30 October

U.K. Brexit Secretary David Davis will brief Theresa May’s cabinet on plans to ramp up talks with the European Union on Tuesday as the prime minister steps up efforts to break the deadlock and force the agenda on to trade.

Barclays Plc discussed buying Royal Bank of Scotland Group Plc in October 2008, at the height of the banking crisis, according to former U.K. Prime Minister Gordon Brown.

Technology giants Facebook Inc., Google and Twitter Inc. will give a Congressional panel more details about the reach of Russian ads and posts in the U.S. in the lead-up to the 2016 presidential election, according to testimony obtained by Bloomberg.

China’s contribution to global growth and the havoc a hard landing there might cause should make it one of the world’s best-understood economies. Unfortunately, that’s not the case, says Yukon Huang, a senior fellow at the Carnegie Endowment for International Peace in Washington.


31 October

Ousted Catalan President Carles Puigdemont was summoned to a Spanish court on suspicion of sedition, forcing the rebel leader to choose between a possible 30-year jail term and life as a leader in exile.

Since taking over as governor of the Bank of England four years ago, Mark Carney laid the groundwork for an interest-rate increase multiple times. All he delivered was a single cut after last year’s referendum to leave the European Union.

Saudi Arabia, OPEC’s biggest oil producer, is also a leader when it comes to slashing the crude price the country needs to balance its budget.

After raising funds from Asia’s biggest investors, including Hong Kong tycoon Li Ka-shing and Singapore’s Temasek Holdings Pte, Razer Inc. is turning to the market for an initial public offering that will make its co-founder Tan Min-Liang a billionaire.


01 November

The U.K. Parliament passed a motion calling on the government to release Brexit impact studies into 58 sectors of the British economy, in a victory over Prime Minister Theresa May by the opposition Labour Party, which has sought the studies for months.

President Donald Trump plans to nominate Federal Reserve Governor Jerome Powell to the top job at the U.S. central bank, according to four people familiar with the decision.

U.K. Foreign Secretary Boris Johnson has delivered a lecture on liberal values to Saudi Arabia, telling the Gulf kingdom it must modernize and build a tolerant society if it wants an “economic miracle.”

Li Ka-Shing’s CK Asset Holdings Ltd. agreed to sell its stake in The Center for HK$40.2 billion ($5.2 billion), setting a record for a Hong Kong office tower and showing that the city’s commercial property market remains red hot.


02 November

European stock investors riding the region’s economic and profit momentum are betting the 2017 rally has further to run.

The speculation around bitcoin is the “very definition of a bubble,” Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said as the currency exceeded $7,000 for the first time.

Baghdad’s talks with Turkey about ramping up oil exports from northern Iraq, including the semi-autonomous Kurdish region, is complicated by a $4 billion debt that the Kurds owe to Turkey, according to Iraq’s oil minister.

President Donald Trump said semiconductor company Broadcom Ltd. is returning its headquarters to the U.S. from Singapore.


03 November

U.K. Prime Minister Theresa May will tell one of the nation’s biggest business groups that she backs a Brexit transition period to give companies more certainty, while urging executives to be more optimistic about the process.

Ousted Catalan President Carles Puigdemont turned himself in voluntarily to Belgian police on Sunday in a fresh twist that brings to 15 the number of political figures who are being detained and could energize the separatist movement.

Shortly after Donald Trump’s surprise election win, Barack Obama gave some advice to President Xi Jinping in the final minutes of their last meeting as leaders of the world’s biggest economies.

Qatar Airways Ltd. agreed to acquire a stake in Cathay Pacific Airways Ltd., a deal that would help it gain a foothold in the world’s second-biggest aviation market.


Markets

DOW JONES INDUS. AVG
23,539.20 +22.93 +0.10%
S&P 500 INDEX
2,587.84 +7.99 +0.31%
NASDAQ COMPOSITE INDEX
6,764.44 +49.49 +0.74%
FTSE 100 INDEX
7,560.35 +5.03 +0.07%
DAX INDEX
13,478.90 +37.93 +0.28%
CAC 40 INDEX
5,517.97 +7.47 +0.14%
IBEX 35 INDEX
10,357.80 -100.00 -0.96%
NIKKEI 225
22,603.50 +64.41 +0.29%
HANG SENG INDEX
28,309.70 -293.96 -1.03%

Currencies

EUR-USD
1.1611 +0.0003 +0.03%
USD-JPY
114.5900 +0.5200 +0.46%
GBP-USD
1.3067 -0.0010 -0.08%
AUD-USD
0.7646 -0.0004 -0.05%
USD-CAD
1.2769 +0.0005 +0.04%
USD-CHF
1.0011 +0.0004 +0.04%
EUR-GBP
0.8886 +0.0009 +0.10%
USD-HKD
7.8029 0.0000 0.00%
EUR-CHF
1.1624 +0.0007 +0.06%
23 October - 27 October

23 October

Prime Minister Theresa May’s cabinet will meet Tuesday as pressure mounts for it to agree the kind of trade pact Britain wants from the European Union -- a day after she damped expectations of a swift Brexit transition deal.

Traders in the $14.2 trillion Treasuries market have found a way to avoid fighting the Federal Reserve, or at least its imminent leadership change.

General Electric Co. tumbled the most in six years after the company’s deteriorating outlook stoked fears it will cut its dividend for only the second time since the Great Depression.

Prime Minister Shinzo Abe’s solid election win green lights a continuation of the Bank of Japan’s massive economic stimulus, entrenching a divide with global peers who are either heading in the opposite direction or mulling moves to do so.


24 October

The U.K. has shifted its approach to the transition agreement it wants to put in place for after Brexit, falling into line with the European Union’s long-held stance.

Bawag Group AG, Austria’s fourth-biggest bank, sold 1.9 billion euros ($2.3 billion) of shares in the biggest initial public offering ever on the Vienna stock exchange.

Republican Senator Jeff Flake of Arizona announced he won’t seek re-election and then delivered a blistering attack on Donald Trump on the Senate floor, the second GOP senator to publicly excoriate the president on the day the party wanted to put a proposed tax overhaul at the forefront.

Whether or not Chinese President Xi Jinping signals a successor Wednesday, he’s amassed enough power to effectively rule for decades.


25 October

The European Union agreed to start internal preparations for the possibility of Brexit negotiations failing to reach a breakthrough at a crunch December summit, as the former British envoy to the EU said the U.K.’s trade goals were unrealistic.

James Murdoch, chief executive officer of 21st Century Fox Inc., said he was unaware of a $32 million settlement that Bill O’Reilly is reported to have paid to end a sexual harassment lawsuit while he was a star at the company’s news network.

Standard Chartered Plc Chief Executive Officer Bill Winters said he’s talking to regulators in Saudi Arabia to understand the requirements to win a banking license, which could add another emerging market to more than 70 countries where the British bank does business.

Investors are underestimating risks to the global economy as they drive stock markets to record highs, Singapore’s central bank chief warned.


26 October

European Central Bank policy makers implicitly assume their newly-extended bond-buying program will be tapered to a halt by the end of next year so long as the inflation outlook improves, according to officials with knowledge of the discussions.

Catalan separatists rebelled against their leader’s plan to draw back from declaring independence as Spanish authorities finalize plans to oust his insurgent administration.

Saudi Arabian Crown Prince Mohammed bin Salman backed the extension of OPEC production cuts beyond March 2018, making it all but certain the cartel and its allies will roll over the curbs at a meeting next month.

Singapore Exchange Ltd.’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering.


27 October

It’s going to take more than the biggest stock slump in world history to convince analysts that PetroChina Co. has finally hit bottom.

The 6,000 job cuts announced last week at Nordea Bank AB are just a down payment for an industry facing radical overhaul, says Chief Executive Officer Casper von Koskull.

As children return to school and parents to their jobs, it could be like any other week in the Spanish region of Catalonia. But for those who support President Carles Puigdemont and his separatists, it’s the first working day of Europe’s newest republic.

President Donald Trump unleashed a flurry of messages attacking Hillary Clinton and Democrats, a day before the first charges may be announced from a special prosecutor investigating Russian involvement in last year’s election.


Markets

DOW JONES INDUS. AVG
23,434.20 +33.33 +0.14%
S&P 500 INDEX
2,581.07 +20.67 +0.81%
NASDAQ COMPOSITE INDEX
6,701.26 +144.49 +2.20%
FTSE 100 INDEX
7,505.03 +18.53 +0.25%
DAX INDEX
13,217.50 +84.26 +0.64%
CAC 40 INDEX
5,494.13 +38.73 +0.71%
IBEX 35 INDEX
10,197.50 -150.30 -1.45%
NIKKEI 225
21,950.80 -57.67 -0.26%
HANG SENG INDEX
28,430.60 -8.28 -0.03%

Currencies

EUR-USD
1.1612 +0.0004 +0.03%
USD-JPY
113.6400 -0.0300 -0.03%
GBP-USD
1.3139 +0.0011 +0.08%
AUD-USD
0.7672 -0.0005 -0.07%
USD-CAD
1.2826 +0.0018 +0.14%
USD-CHF
0.9977 -0.0004 -0.04%
EUR-GBP
0.8839 -0.0003 -0.04%
USD-HKD
7.8036 -0.0002 0.00%
EUR-CHF
1.1586 0.0000 0.00%