April, 2016

• 28 April

  Britain farm income plunges 29% on lower crop prices & subsidies

  

    Bloomberg U.K. farm income tumbled by 29 percent last year as the country’s growers were hit by falling crop prices and lower subsidy payments, the government said. Total income dropped to 3.77 billion pounds ($5.5 billion) in 2015, the lowest in eight years, according to a report from the Department for Environment, Food & Rural Affairs. It was the ...

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• 28 April

  VW brand slumps on emissions crisis

    Bloomberg Volkswagen AG’s namesake car brand slumped to a loss in the fourth quarter as the emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers. The VW brand posted a loss of €127 million euros in the final three months of 2015, compared with a profit of €780 million a year earlier, according to data ...

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• 28 April

  Brexit economists hit back with thriving UK report

  

    Bloomberg Brexit campaigners sought to seize back the initiative in the referendum battle as eight high-profile economists declared Britain would do better outside the European Union. Analysis published by the Treasury on the consequences of leaving the EU is a “misleading piece of propaganda,” according to the group, which includes Patrick Minford, a professor at Cardiff University, Gerard Lyons, ...

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• 28 April

  Tata says no deadline for UK steel ops sale as losses continue

    Bloomberg Tata Steel Ltd. said that while it has no fixed deadline to sell its ailing U.K. steel operations, it must act quickly to stem losses. “Urgency is important,” Bimlendra Jha, chief executive officer of the company’s U.K. business, told a committee of U.K. lawmakers on Thursday. “We cannot continue to bleed.” Tata Steel said last month that it ...

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• 28 April

  Companies lose top EU court fight over free carbon allowances

  

    Bloomberg Exxon Mobil Corp., Dow Chemical Co. and OMV AG lost a court challenge to a European Union decision to cut the number of free emission permits they receive under the region’s carbon market, the bloc’s highest court ruled on Thursday. But the EU Court of Justice in Luxembourg delayed the implementation of its ruling by 10 months so ...

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• 28 April

  Federal Reserve leaves door open for June rate increase

  

    Bloomberg Federal Reserve policy makers left open the door to raising interest rates in June by nodding to improvement in global financial markets and downplaying recent weakness in the U.S. economy. The Federal Open Market Committee omitted previous language that “global economic and financial developments continue to pose risks,” instead saying officials will “closely monitor” the world situation, according ...

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• 28 April

  Bread king paces Mexico’s biggest profit surprise in two years

  

    Bloomberg Mexican corporate profits are exceeding analyst estimates by the most in at least two years as consumer spending buoys Latin America’s second-biggest economy. Grupo Bimbo SAB, the world’s largest bread maker, and Wal-Mart de Mexico SAB, the nation’s biggest retailer, were among the companies that posted first-quarter earnings that beat forecasts as local shoppers boost revenue. Companies in ...

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• 28 April

  Tapping into Brazil’s stock rally without taking on all the risk

  

    Bloomberg Anyone who’s ventured into Latin American equity markets in the past year knows that doing so during times of political turmoil requires a healthy appetite for risk. Stock indexes in Peru and Brazil are posting the world’s biggest gains this year, but they’re also among the most volatile. There’s another way to ride the rally, minus the whiplash: ...

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• 28 April

  Venezuela needs oil’s rally more than anyone as economy teeters

  

    Bloomberg Few countries need oil’s rally to last more than Venezuela, where the economy’s expected to shrink 8 percent this year and a lack of petrodollars has seen shops run short of consumer goods. The Latin American nation with the world’s largest oil reserves relies on crude shipments for 95 percent of export revenue. It will default this year ...

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• 28 April

  Trump’s ‘woman’s card’ comment sparks uproar

  

    ATLANTA / AP Republican presidential candidate Donald Trump’s claim that Hillary Clinton is playing “the woman’s card” has drawn intense backlash, from the Democratic front-runner herself as well as tens of thousands of critics on social media. “If fighting for women’s health care and paid family leave and equal pay is playing the ‘woman card,’ then deal me in,” ...

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