World Business Report
Monday to Friday at 7:50 am during The National
Join Henk Potts of Barclays Wealth for business and banter with Mark Butcher every morning during The National.
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Business Report: New man atop Forbes rich listThursday, 11 March, 2010American Bill Gates has been bumped from the top rung of world’s richest by Mexican billionaire Carlos Slim. Henk Potts has details—plus news of optimistic economists in the U.S. and assurances from major reinsurers that while the estimated $4 to $7 billion in damages from that 8.8 magnitude earthquake in Chile might sound catastrophic, the payouts are unlikely to lead to increases in rates across the industry.
Business Report: Huge jump in Chinese exportsWednesday, 10 March, 2010Exports from China have bounced back in a big way, up about 45 percent compared to last year. Henk Potts has details. Plus Sony is launching 3D television in June, betting on a television revolution—and sterling is under pressure again.
Business Report: Oil rallies backTuesday, 9 March, 2010Oil hit an 8-week peak above $82 a barrel, near its highest level of the year, on news out of the U.S. and China. Henk Potts has details on what that means for markets and consumers—plus a huge if not entirely unanticipated loss for EADS reported yesterday.
Business Report: Markets jump over U.S. job numbersMonday, 8 March, 2010It was a good week on world markets last week, and certainly one of the big drivers on Friday was the non.farm payroll figure in America. Unemployment held steady at 9.7 percent in February, igniting hope that the U.S. market will begin to create jobs in the months to come. Henk Potts has details on that—plus a look numbers coming out this week:
Business Report: European Central Bank holds record low interest ratesFriday, 5 March, 2010European Central Bank keeps interest rates on hold at record low levels, but reassures people that the recovery of eurozone is still on track. Media sector starts to show small signs for improvement with shares of some traditional media bouncing back. Henk Pott has more on this and on unemployment in the United States.
Business Report: Greece may turn to IMFThursday, 4 March, 2010Greece may have to turn towards the International Monetary Fund (IMF) to help alleviate its 20 billion Euro (CHF29 billion) deficit which matures by May of this year. Henk Potts explains how doing so would be a major set back for EU both politically and economically. Plus, he has more on Adidas shares tumbling and good news about the Europèan market.
Business Report: Adecco shows signs of improvementWednesday, 3 March, 2010More good news rolls in as the banking reporting season continues. Standard Chartered Bank works hard to meet investor expectations, while Addecco, the world’s biggest staffing company, sees improved conditions during the economic recovery. Plus the global payTV industry shows that demand for HD products continues to thrive during 2009 with even greater expectations in profit for the upcoming year. Henk Pott has the story plus talks about his new Apple TV box and more on the world markets.
Business Report: HSBC disappoints investorsTuesday, 2 March, 2010HSBC received negative reactions from investors yesterday for its 7.1 billion dollar annual profit, but remained one of the few banks to not take government money. Henk Potts talks about the HSBC figures, the two-speed banking system emerging from the financial crisis, the recovery of the art market, in particular regarding impressionist paintings, and the potential takeover of the debt-ridden Manchester United football club:
Business Report: February closes on a high noteMonday, 1 March, 2010Data on Friday showed the U.S. economy grew more strongly than expected in Q4, though home sales and consumer confidence remain fragile. Henk Potts gives sums up and looks at what’s coming this week as we spring into March:
Business Report: Hummer on its death marchFriday, 26 February, 2010Another significant loss coming through from Lloyds today. And those RBS results from yesterday were pretty miserable, though slightly better than markets were looking for. Henk Potts has details on that and what looks like almost certain death for the Hummer—and the thousands of jobs needed to make them—to take us into the weekend: