March, 2017

• 30 March

  US economy shows upward trend in Q4

  

    Bloomberg The US economy grew in the fourth quarter at a faster pace than previously reported on higher consumer spending, Commerce Department data showed Thursday in Washington. Gross domestic product rose at a 2.1 annualized pace (forecast was for 2 percent), revised from 1.9 percent. Consumer spending, the biggest part of the economy, rose at a 3.5 percent rate, ...

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• 30 March

  Apple, Wal-Mart stick with climate pledges

  

    Bloomberg Many of America’s biggest corporations including Apple Inc. and Wal-Mart Stores Inc. are sticking by their pledges to fight climate change even as President Donald Trump guts his predecessor’s environmental policies. Companies say their pledges, coordinated by the Obama administration, reflect their push to cut energy costs, head off activist pressure and address a risk to their bottom ...

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• 30 March

  JPMorgan in talks for Dublin office

  

    Bloomberg JPMorgan Chase & Co. is in talks to buy a Dublin office building as the bank considers expanding in the Irish capital as one of its options for when Britain leaves the European Union, according to people with knowledge of the matter. The lender is negotiating the potential purchase of a building in Dublin’s Capital Dock that’s being ...

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• 30 March

  VW has EPA nod to sell repaired diesels

    Bloomberg Volkswagen AG will soon do what’s been impossible since its emissions crisis began: sell diesel-powered cars in the US. The company received approval from the Environmental Protection Agency for its dealers to sell 2015 model year diesels after updating the vehicles’ emissions software, VW Group of America spokeswoman Jeannine Ginivan said. The software update is part of a ...

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• 30 March

  Trump is now the CEO of a very public company

  

    As the White House reboots for ‘Trump 2.0’ after a largely unsuccessful first two months, one lesson should be obvious: The radical, polarizing politics of the campaign trail don’t work well in governing the country. America isn’t Russia or the Philippines. Our system has speed bumps, carefully constructed by our Founders. Presidents don’t rule simply by executive order. They ...

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• 30 March

  For frustrated billionaires, the Philippines isn’t fun

  

    One of the first things Rodrigo Duterte’s economics team did in September, three months after the drugs-busting former city mayor became president of the Philippines, was call for bids to upgrade and operate the main Ninoy Aquino International Airport in Manila. From San Miguel Corp. and Ayala Corp. to Metro Pacific Investments Corp. and Aboitiz Equity Ventures Inc., the ...

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• 30 March

  Make Brexit about mending, not destroying

    UK formally serves notice that it’s quitting the European Union. Beyond a doubt, this decision was a grave mistake — but it’s done, and now Britain and its European partners need to arrange the friendliest possible divorce. The EU’s initial posture has been anything but friendly, which is understandable. Britain is the defaulting party and shouldn’t expect gratitude. Europe’s ...

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• 30 March

  Ground troops must to defeat IS in Syria

    Middle East is a seething cauldron. Although US President Donald Trump called the fight against IS his top priority and vowed to wipe IS from the face of earth, the young administration is wary of getting mired in the region. Trump criticized past presidents for getting deep in Iraq and other conflicts. Trump does not want to go solo ...

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• 30 March

  Shadow banking is getting bigger without getting better

  

    Taxi companies that compete with Uber and media companies that are up against Facebook know it: In a rivalry between regulated and unregulated firms, the latter have an unfair advantage. It also applies to banks, which spent the past ten years losing market share to companies that regulators ignored. In a fresh working paper, Greg Buchak and Gregor Matvos ...

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• 30 March

  Planes, Brexit pains and automobiles

  

    Few industries have flourished in modern Britain like carmaking and aviation. Car production rose to a 17-year high last year and thanks to budget carriers such as EasyJet Plc, Brits can fly across the continent for a pittance. Today those achievements stand on shakier foundations, as Britain begins two years of negotiations over withdrawing from the EU. Theresa May’s ...

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