Steven Mnuchin arrived at the World Economic Forum in Davos with an uncompromising message to the world that the Trump administration’s America First policies were good for the US and the rest of the world.
European businesses have reported their strongest month since before the financial crisis, according to a series of closely-watched surveys that suggest the continent’s recent run of growth is set to accelerate further and the ECB’s long-sought increase in inflation is on the horizon.
The dollar fell further against other major developed market currencies in morning trade in Europe amid persistent concerns about US politics and the spectre of protectionist trade policies being enacted by the Trump administration.
German businesses are feeling more optimistic than at any point on record, according to a closely watched survey that suggests service providers in the eurozone’s largest economy enjoyed a particularly strong start to the year.
Inflationary pressures are rising in France and businesses are increasingly willing to pass higher costs on to their customers, according to a closely watched survey that will make welcome reading for policymakers at the European Central Bank ahead of Thursday’s monetary policy meeting.
Crest Nicholson shareholders: big-time winners, or small time-losers? It depends on whether you look at the housebuilder’s absolute or relative return. Crest’s share price rose by 20 per cent in calendar year 2017, which is an extraordinary 12-month performance… until you realise that its rivals’ shares rose by an average of 43 per cent.
Novartis’s departing chief executive has reported stronger than expected sales and profits for 2017 and predicted “sustainable growth” ahead for the Swiss pharmaceuticals group after a difficult few years of sluggish revenues.
Boris Johnson, Britain’s foreign secretary, was accused of making a “transparent leadership bid” by Conservative MPs over his demand that the British government spend a “Brexit dividend” of £5bn a year on the National Health Service.
The transition to electric vehicles will put pressure on returns from carmakers and is credit negative for the sector, according to a new report from rating agency Moody’s that predicts the new vehicles expected to remain unprofitable into the early 2020s.
Equities were mixed in Asia Pacific trading on Wednesday despite a positive lead-in from Wall Street, where strong results from Netflix and others helped to dispel early nerves over new US tariffs on some white goods and solar panels and push the S&P 500 to another record high close.