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: Swoosh! Nike profits soarFriday, 19 March, 2010Sportswear giant Nike reported a huge profit increase—doubling in the third quarter—on higher sales in the U.S. and China. It also saw a big rise in worldwide future orders. Henk Potts has details on what they’re doing right. And demand for Swiss watches is up as exports rose by more than 14 percent in February:
Business Report: China rolling in growthThursday, 18 March, 2010The World Bank yesterday raised its 2010 economic growth forecast for China, but it’s not all good news for China. Henk Potts has details. Plus tough times for Blockbuster movie rentals.
Business Report: Shell back on a growth platformWednesday, 17 March, 2010Europe’s largest oil company expects to return to growth in oil and gas production after seven years of decline. Henk Potts has details on that—and optimism for chocolate maker Lindt, but less positive news from luxury jeweller Bvlgari:
Business Report: Eurozone continues to lose jobsTuesday, 16 March, 2010The Eurozone lost 347,000 jobs in the fourth quarter of 2009, with the steepest declines, not surprisingly, in Greece and Spain. That’s the sixth straight quarterly decline. Henks Potts has details on that plus all eyes are on the U.S. Federal Reserve which is expected to hold interest rates steady today.
Business Report: Retail sales put shine on lackluster weekMonday, 15 March, 2010A bit of a yawn on markets last week as light news, low volumes, low volatility and limited macroeconomic data reigned, but U.S. retail sales out on Friday came through with a surprising finish. Henk Potts has the details plus a look at what to watch in the week ahead:
Business Report: Holding breath for U.S. retail salesFriday, 12 March, 2010It’s the single-most important driver of the global economy, and we’re looking for a decline, says Henk Potts. He has details on what that could mean for unemployment and consumer confidence. Plus a look at recovery in the airline industry and BMW is a bright spot in the ailing auto industry:
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: