WHEN America’s unemployment was last as low as it has been recently, in early 2007, wages were growing by about 3.5% a year. Today wage growth seems stuck at about 2.5%. This puzzles economists. Some say the labour market is less healthy than the jobless rate suggests; others point to weak productivity growth or low […]
Read moreLEAVE it to the Americans to besiege European companies in August, when the entire continent is on holiday. It emerged this month that Corvex Management, an American hedge fund, had built up a $400m position in Danone, a French food giant. AkzoNobel, a Dutch paints-and-chemicals firm which has been under heavy fire from Elliott Advisors, […]
Read moreWHEN the first printed books with illustrations started to appear in the 1470s in the German city of Augsburg, wood engravers rose up in protest. Worried about their jobs, they literally stopped the presses. In fact, their skills turned out to be in higher demand than before: somebody had to illustrate the growing number of […]
Read moreIN MOTIJHEEL, the main business district in Bangladesh’s capital, Dhaka, an iron fence and terrible traffic divide two branches of the country’s oldest private bank—a “conventional” one and an Islamic one. Abdus Sattar, manager of the Islamic one, says that when he joined AB Bank, in 2005, his was “a loser branch”. Today, like most […]
Read moreIT WAS in 1896 that Charles Dow, co-founder of Dow Jones & Company, created the index that still bears his name. Today, indices such as the Dow Jones Industrial Average and the S&P 500 (for shares listed in New York), or the FTSE 100 (for London), are among the best-known brands in financial markets. The […]
Read moreTHE quickest way to start a Mexican wave in India is to head to the campus of Infosys, an IT outsourcing firm based in Bangalore, and ask all those who think they should be in charge to raise their hands. On August 18th the company’s chief executive, Vishal Sikka (pictured), resigned unexpectedly. But he still […]
Read more“Star Wars: The Last Jedi” is still a few months away from hitting theaters, but BB-8-happy fans are about to get a glimpse at a new character as a part of a three-day marketing rollout of toys and products inspired by the film. Walt Disney said Thursday that the global event, dubbed Force Friday II, […]
Read moreRetail stocks are rallying on Wall Street again. A slew of quarterly earnings reports this week from a mixed bag of companies has sent some retail stocks soaring to new highs. It’s a welcome narrative amid chatter of declining sales, falling foot traffic, store closures and bankruptcies. Thursday morning brought mostly upbeat results from Dollar […]
Read moreCurrency, United States Finance
Strong euro could knock up to 3 percent off European earnings, UBS warns
With the euro on the rise against major world currencies, investors may be concerned about how this will weigh on European profits and some analysts suggest the stronger euro could knock up to 3 percent off earnings. “If currencies stay stable, we think (the trade-weighted euro) will peak out up around 6 percent year-on-year in […]
Read moreU.S. home resales unexpectedly fell in July to their lowest monthly level of the year due to a lack of properties for sale, which also continued to push up prices. The National Association of Realtors said on Thursday existing home sales fell 1.3 percent to a seasonally adjusted annual rate of 5.44 million units last […]
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