Euro Area Sees Price Gains as Manufacturing Picks Up Pace
Euro-area manufacturing expanded last month at the fastest rate since April 2011, in a sign that the currency bloc’s recovery is intact heading into 2017.A Purchasing Managers’ Index climbed to 54.9 in December, IHS Markit said on Monday. The reading matches the initial estimate on Dec. 15 and was up from 53.7 in November. Higher import costs resulting from a weaker euro, combined with increased global commodity prices, led to the sharpest inflation for average purchasing costs in more than fiv..>> view originalBitcoin jumps above $1000 for first time in three years
LONDON Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016.Bitcoin - a web-based "cryptocurrency" that has no central authority, relying instead on thousands of computers across the world that validate transactions and add new bitcoins to the system - jumped 2.5 percent to $1,022 on the Europe-based Bitstamp exchange, its highest since D..>> view originalNew Year, new high for euro zone stock markets
By Jemima Kelly | LONDON LONDON Euro zone stocks climbed to their highest in over a year on Monday - the first trading day of 2017 for those markets that were open - after data showed manufacturers in the currency bloc ramped up activity at the fastest pace in over five years. With all of Asia's major markets closed for the New Year holiday - along with Britain and Switzerland in Europe - trade was thin, which analysts said could cause some volatility. The United States and Canada will al..>> view originalTwitter's top China executive leaves after 8 months
Twitter's top executive in China has flown the coop. Kathy Chen, a managing director at the social media firm, is exiting after spending just eight months on the job. Chen announced her departure on Twitter over the weekend, saying it was the "right time" to leave. She said she was taking "some time off to recharge, study about different cultures and then pursue more international business opportunities." Chen was hired to pitch Twitter to advertisers and other businesses in China and Ta..>> view originalMexicans are outraged over a big hike in gas prices on Jan. 1
Gas station owners in Mexico reportedly hoarded fuel ahead of a price deregulation that took effect Jan. 1. (Rebecca Blackwell/AP) MEXICO CITY — Mexican motorists awoke to a shock as gasoline prices at the pump shot up by more than 20 percent in some corners of the country on the first day of the year, sparking panic buying, street protests and even a call by one prominent lawmaker for a “peaceful revolution.” “If the price of gasoline goes up, we’re going to pay more [for] everything else,”..>> view originalHyundai, Kia Forecast Sales to Rebound on Capacity, Models
Hyundai Motor Co. and Kia Motors Corp., South Korea’s largest automakers, forecast sales to climb 4.7 percent this year as they count on new model introductions to counter intensifying competition amid global uncertainties.Hyundai and Kia are targeting to deliver a combined 8.25 million vehicles in 2017 from 7.88 million units a year earlier, according to regulatory filings. That compares with the 8.24 million units average estimate of five analysts surveyed by Bloomberg News. Hyundai expects t..>> view originalFrench employees can legally ignore work emails outside of office hours
That 10 p.m. email from your boss? It's your right to ignore it.That Saturday ping from a colleague with "just one quick question?" A response on Monday should suffice. If you're in France, that is.French workers rang in a new year at midnight - as well as a "right to disconnect" law that grants employees in the country the legal right to ignore work emails outside of typical working hours, according to the Guardian. The new employment law requires French companies with more than 50 employees ..>> view originalKitty litter helps Wyoming bentonite past drilling slump
In this Dec. 16, 2016, photo, kitty litter products are displayed at a local store in Cheyenne, Wyo. The market for a peculiar type of clay mined in Wyoming is looking up, thanks to a better outlook for oil and gas drilling and to kitty litter. (AP ...>> view originalNew drug approvals fall to six-year low in 2016
LONDON Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 and sharply down on 2015's tally of 45.Across the Atlantic, the European Medicines Agency recommended 81 new prescription products against a 2015 total of 93. Unlike the FDA, the EMA includes generic drugs in its list.The slowdown suggests the pharmaceuticals industry may be returning to more normal product..>> view originalSamsung, Hyundai Motor See Growing Uncertainties in 2017
SEOUL, South Korea รข€” Chiefs of Samsung Electronics and Hyundai Motor said Monday their businesses would face increased uncertainties due to growing protectionism.Samsung Vice Chair Kwon Oh-hyun urged employees in a new year's speech to reform the company by strengthening quality control as growth slows in its key markets and trade protectionism increases uncertainties in the economy and politics.Samsung is expected to announce this month the findings of its investigation into the Galaxy Note..>> view original
Thursday, January 26, 2017
Euro Area Sees Price Gains as Manufacturing Picks Up Pace and other top stories.
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