April, 2017

• 30 April

  China manufacturing gauge declines from a five-year high

  

    Bloomberg China’s official factory and services gauges pulled back from multi-year highs, dimming the outlook for the sustainability of the past two quarters’ acceleration in economic growth. Manufacturing purchasing managers index fell to 51.2 in April from an almost five-year high of 51.8 in March, missing the median estimate of 51.7 in a Bloomberg survey and falling short of ...

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• 30 April

  China’s dairies rush to tap plant-based milk market

  

    Bloomberg Want Want China Holdings Ltd., one of China’s largest processed-foods companies, is expanding into the lucrative niche market for soy and other plant-based milk products as Chinese families spend more for healthy options. The Hong Kong-listed company plans to introduce its line of soy and oat milk this year as it forecasts the market for plant-based milk will ...

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• 30 April

  India set to knock Britain out of world’s top 5 economies

  

    Bloomberg India will overtake Germany in 2022 as the world’s fourth-largest economy and push Britain out of the top five, based on analysis of growth projections by the International Monetary Fund. But the challenges the South Asian nation must surmount to get there are many. These include executing a wide-ranging overhaul of the tax system, sorting out the biggest ...

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• 30 April

  Data deluge points to Japan’s economic growth

  

    Bloomberg A flood of data the day after the Bank of Japan held its monetary policy unchanged indicates that the modest recovery in world’s third-largest economy is continuing for a fifth quarter, yet inflation largely refuses to budge. Consumer prices excluding fresh food, the core measure for inflation, increased 0.2 percent in March from a year earlier (forecast 0.2 ...

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• 30 April

  Puerto Rico bondholders reject restructuring offer

  

    Bloomberg Puerto Rico bondholders rejected Governor Ricardo Rossello’s debt-restructuring proposal days before a May 1 deadline to craft a deal or face a potential wave of creditor lawsuits. The Caribbean island is offering holders of its general-obligation bonds 77 cents on the dollar while proposing 58 cents on the dollar for its sales-tax debt, according to the commonwealth’s latest ...

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• 30 April

  Foxconn’s Gou meets Trump, mulls US investment plans

  

    Bloomberg Foxconn Technology Group, the maker of Apple Inc.’s iPhones, said it plans a big increase in investments in the US after billionaire Chairman Terry Gou visited the White House over consecutive days, including a meeting with President Donald Trump. “We are engaged in discussions with officials at various levels of government regarding our ongoing plans to significantly increase ...

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• 30 April

  One third happy to ditch cash as Europe looks to digital future

    Bloomberg Cash may still be king for most Europeans, but more than one in three would be happy to abandon it altogether. Twenty-one percent of people already rarely carry physical notes or coins, with 1 percent saying they haven’t needed to for at least year, according to a survey of almost 15,000 people by ING. More than half of ...

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• 30 April

  May plans tougher take-over rules to protect pensions

    Bloomberg Prime Minister Theresa May is set to impose new restrictions on company take-overs in the UK as part of a plan to protect workers’ pensions from “unscrupulous” bosses. If re-elected in June, May’s Conservatives will give authorities the power to block such deals and launch criminal prosecutions of company bosses who put pension schemes at risk, the party ...

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• 30 April

  United blunder prompts airlines to throw cash at their problems

  

    Bloomberg For US airlines, doing right this week meant plunking down cold, hard cash. United reached a settlement with a passenger who was dragged off a plane and bloodied. It also said it would pay as much as $10,000 to passengers who agree to give up their spots, following a similar move by Delta. Southwest said it would stop ...

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• 30 April

  Gavin Halliday to lead EAG’s Hala Group

  

    DUBAI / Emirates Business Etihad Aviation Group (EAG) on Sunday announced the appointment of Gavin Halliday as Managing Director of Hala Group, its destination management and global loyalty unit. At Hala, Halliday will lead EAG’s new global loyalty company which brings together Etihad Guest with the loyalty programmes of other EAG partner airlines. He will also have responsibility for ...

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