January, 2017

• 25 January

  Oil pares gain after US crude, fuel supplies data rise

  

    Bloomberg Oil gains eased in New York after an industry report that US crude and fuel stockpiles climbed last week. Crude supplies rose 2.93 million barrels, the American Petroleum Institute was said to report. Futures lost about 27 cents per barrel from the close after the release of the data. Iraq has trimmed supply by 180,000 barrels a day ...

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• 25 January

  China brands taking over Indian smartphone sector

  

    Bloomberg Chinese smartphone brands led by Vivo have muscled out local rivals in India with increasingly stylish yet affordable devices, challenging Samsung Electronics Co. for supremacy in the world’s fastest-growing major phone market. Chinese labels occupied four of the top five spots in 2016’s final quarter, shoving aside Micromax and Intex, according to a Counterpoint Research report released. Samsung ...

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• 25 January

  Taiwan expansion picks up as exports counter slower spending

    Bloomberg Taiwan’s economy, which began 2016 in contraction, concluded it on the strongest footing in almost two years as stronger trade activity helped offset weakness in consumption. Gross domestic product rose 2.58 percent in the fourth quarter from a year earlier, preliminary data from the statistics bureau showed on Wednesday. That compared with a median estimate of 2.85 percent ...

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• 25 January

  S Korea’s growth slows amid political turmoil

  

    Bloomberg South Korea’s economy expanded at the slowest pace in more than a year in the fourth quarter as a political scandal engulfing impeached President Park Geun-hye and conglomerates including Samsung Group hurt consumer confidence and spending. Construction investment fell as the government took steps to curb household debt and property market overheating in some areas. Gross domestic product ...

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• 25 January

  Year of the Rooster waking up China’s palm oil demand

  

    Bloomberg As China welcomes the Year of the Rooster this week, bets that a recovery in Asian palm oil production will drive prices lower may be something for consumers to crow about. While high prices may keep Chinese buyers on the sidelines in the first part of the new year, an expected surge in supply later in 2017 in ...

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• 25 January

  Vietnam factories optimistic despite Trump snub

  

    Bloomberg Vietnamese clothing maker NhaBe Garment Corp. had a lot riding on the Trans-Pacific Partnership. The supplier to brands such as Calvin Klein, Michael Kors and Kenneth Cole has seen its exports more than doubled since 2011 to $729 million last year — and it increased its factories two-fold to 35, betting on a big drop in tariffs from ...

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• 25 January

  China’s metals curb plan risks shortages in alumina

  

    Bloomberg China’s proposal to halt some metals production to fight air pollution over the winter would create shortages of alumina but have a more limited impact on aluminum supply, according to China’s top industry body, which has been consulted on the plan. The proposal involves an alumina suspension in three provinces that would affect about a fifth of the ...

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• 25 January

  SUV demand shields Maruti Suzuki from worst of cash crunch

    Bloomberg Maruti Suzuki India Ltd. reported third-quarter profit climbed 47 percent as India’s biggest automaker increased its share of sales of sport utility vehicles, a more affluent market segment that better weathered the cash crunch affecting predominantly the country’s poor. Net income climbed to 17.4 billion rupees ($255 million) in the quarter ended Dec. 31, in line with analysts’ ...

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• 25 January

  Trump’s TPP pullout move US leaves farmers behind

  

    Bloomberg Donald Trump’s push against trade deals he says have devastated small-town US workers is bringing disappointment to another key piece of his rural American coalition: Farmers and ranchers who heartily supported the president in hopes of less regulation and lower taxes. Trump’s decision on Monday to pull out of the Trans-Pacific Partnership, which would have reduced tariffs and ...

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• 25 January

  Cisco to buy software maker AppDynamics for $3.7 billion

  

    Bloomberg Cisco Systems Inc. agreed to acquire AppDynamics Inc. for $3.7 billion, snapping up the fast-growing software maker just before it planned to go public. Cisco, the world’s biggest maker of networking gear, will add AppDynamics’ software and services that help companies to monitor and fine-tune the performance of their own business systems. AppDynamics, based in San Francisco, was ...

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