Monthly Archives: August 2016

1 Japan jobless at two-decade low (BBC) Japan’s unemployment rate fell to 3% in July, the lowest for 21 years, despite the country’s stagnant economy. Separate data showed spending by households in Japan fell by less than expected in the … Continue reading →

1 China launches aircraft engine firm (BBC) China has launched its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers. The state-owned Aero-Engine Group of China was created by combining a group of existing aircraft-engine companies, according … Continue reading →

1 US to spend $2.5bn in rail expansion (BBC) US vice president Joe Biden has announced plans to lend railway operator Amtrak $2.45bn to expand services and make upgrades.Amtrak’s plans include expanding high-speed trains between Washington DC and Boston. Rail … Continue reading →

1 Lamborghini aims to double sales (Khaleej Times) Lamborghini Chief Executive Officer Stefano Domenicali has said the luxury automaker expects to at least double production to 7,000 vehicles a year by 2019 once it rolls out a new SUV. Domenicali … Continue reading →

1 Eurozone shows growth despite Brexit fears (San Francisco Chronicle) Business activity across the 19-country eurozone grew at a steady, moderate pace in August as the region continued to show little concern about the impact of a British exit from … Continue reading →

1 Aramco’s mother-of-all IPOs (Matein Khalid in Khaleej Times) It will be the mother of all initial public offerings, unquestionably the biggest financial deal in history. Saudi Aramco is a $2 trillion colossus, the largest oil and gas producer on … Continue reading →

1 Global outlook brighter as Brexit fears fade (Issac John in Khaleej Times) Despite heightened political uncertainty, the global outlook has brightened a little with early evidence suggesting that the impact of Brexit on the rest of Europe would be … Continue reading →

1 Strongest week for oil since March (Gulf News) Oil capped its strongest weekly increase in five months after entering a bull market as investors weighed speculation that Opec talks next month could lead to an output freeze, and US … Continue reading →

1 BHP Billiton hit by commodity rout (Sean Farrell & Graham Ruddick in The Guardian) BHP Billiton, the world’s biggest miner, has reported a record loss of $6.4bn (£4.9bn) following a fatal dam disaster in Brazil, a slump in the … Continue reading →

1 Japan growth runs out of steam (BBC) Japan’s economy grew at a weaker-than-expected rate in the second quarter despite an aggressive spending policy by the government. Gross domestic product grew at an annualised rate of 0.2% in the three … Continue reading →