March, 2016

• 7 March

  Suzuki plans $1.8bn bond sale, cancels VW shares

  

  Bloomberg Suzuki Motor Corp. plans to sell 200 billion yen ($1.8 billion) of convertible bonds and cancel most of the stock it bought back from Volkswagen AG last year, as the Japanese automaker expands in India following a failed alliance. Suzuki will sell the bonds primarily to fund the 185 billion rupee ($2.8 billion) factory it’s building in India’s western ...

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• 7 March

  Beijing’s foreign reserves slow decline as currency stabilizes

  

  Bloomberg China’s foreign-exchange reserves fell at a slower pace last month as the nation’s financial markets stabilized and policy makers took more steps toward shoring up growth. The world’s largest currency hoard dropped by $28.6 billion to $3.2 trillion in February, the People’s Bank of China said in a statement on Monday. That was the smallest decline since June and ...

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• 7 March

  Carney faces ‘Brexit’ grilling as BoE pulled into politics

  

  Bloomberg Mark Carney’s scope to sidestep “Brexit” is dwindling. With a referendum on Britain’s European Union membership looming, the Bank of England governor has spent months trying to skirt the highly charged debate. An appearance before lawmakers this week may throw him right in, as happened in the buildup to the Scottish independence vote when his comments were hijacked by ...

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• 7 March

  Osborne pressed by dissident UK Tories over Sunday trading

  

  London / Bloomberg Chancellor of the Exchequer George Osborne is under pressure to reverse his plans to liberalize the U.K.’s Sunday trading laws, with 23 Conservative members of Parliament saying they’re ready to vote against the government. In the Enterprise Bill, due to be debated by the House of Commons on Tuesday and Wednesday, local councils in England and Wales ...

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• 7 March

  BMW sees its future shift to the ultimate self-driving machine

  

  MUNICH / Bloomberg BMW AG, which became the world’s largest maker of luxury cars by focusing on Autobahn thrills, is shifting gears to automated driving as urbanization and changing attitudes toward cars redefine transportation. “In the future, ‘Sheer Driving Pleasure’ will also be defined as liberating drivers through automation,” BMW said on Monday in a statement as it celebrated turning ...

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• 7 March

  ‘Leave EU’ would boost UK bonds, says JPMorgan asset management

  London / Bloomberg Holders of the U.K.’s government bonds need not fear the prospect of Britain voting to leave the European Union as they stand to benefit from any economic woes that follow the vote, according to one of the world’s largest money managers. “If a ‘Brexit’ happened it would be very likely the Bank of England would ease policy ...

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• 7 March

  For Finnish workers, € means longer hours & lower pay

  

  Bloomberg Few Finns probably thought that adopting the euro would mean more work for less pay. Yet trade unions are now getting ready to sign off on a deal that will cut workers’ income and raise working hours. Unveiled last week, it’s designed to boost competitiveness as the Nordic nation struggles within the constraints of the euro zone. The board ...

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• 7 March

  Can ‘new’ Keynesianism save the Chinese economy?

  

  Clearly, the Chinese economy has problems, and now appears to be tumbling rather rapidly down along its so-called soft-landing path. Overcapacity began to emerge from around 2013 in the infrastructure sector as well as in numerous manufacturing industries such as shipbuilding, solar cells and wind turbines. The ability of both the public and private sectors to pay back their debt ...

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• 7 March

  In Donald Trump, Chinese see the ultimate ‘Fuerdai’

  

  Around the time that polls were closing on Super Tuesday in the U.S., Communist Party news outlets in China began syndicating a 15-image slideshow: “The Erratic Trump is Actually a Winner in Life.” It opens with an image of Donald Trump’s extended family, and a list of reasons why Trump “couldn’t be more inspirational,” including his bestselling books, real-estate empire, ...

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• 7 March

  Stocks fall with Copper, Euro as investors weigh stimulus plans

  

  Bloomberg U.S. stocks fell from a two-month high, while the dollar and German bonds climbed as investors assessed the impact of China’s growth plans and the potential for European Central Bank stimulus measures this week. The Standard & Poor’s 500 halted its longest rally since October, while miners and banks led the Stoxx Europe 600 Index lower from a five-week ...

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